Proprietary trading firms, commonly known as “prop firms,” offer traders the opportunity to trade using the firm’s capital rather than their own. These firms often provide access to advanced trading platforms, with MetaTrader 5 (MT5) being one of the most popular choices due to its robust features and adaptability. For traders in the UK, finding a prop firm that uses MT5 can be a significant advantage. Here’s a detailed look at some of the top prop firms in the UK that integrate MT5 into their operations.
Best MT5 Prop Firms in UK
$650,000
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$500,000
*Choose your account type and start trading
Why Choose MT5?
MT5 is renowned for its advanced trading tools, multi-asset capabilities, and analytical features. Key benefits include:
- Multi-asset trading: Trade forex, stocks, commodities, and cryptocurrencies from a single platform.
- Advanced charting tools: Over 80 built-in indicators and graphical objects.
- Fast execution: Essential for high-frequency trading strategies.
- Customizable: Supports Expert Advisors (EAs) and custom indicators for automated trading.
- Economic calendar: Integrated to provide real-time updates on key financial events.
For traders seeking an edge in the fast-paced world of proprietary trading, MT5’s features make it a top choice.
Best UK Prop Firms Using MT5
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FTMO
- Overview: Although FTMO is globally recognized, it has a strong presence in the UK. They provide funded trading accounts after a trader passes their evaluation process.
- MT5 Integration: FTMO supports MT5, allowing traders to leverage its advanced tools and analytics.
- Key Features:
- Multiple asset classes available for trading.
- Generous profit splits (up to 90%).
- Strict but fair evaluation criteria to ensure disciplined trading.
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The5ers
- Overview: Known for its trader development programs, The5ers focuses on forex and low-risk trading strategies.
- MT5 Integration: Provides access to MT5 for funded traders.
- Key Features:
- Emphasis on long-term profitability.
- Realistic drawdown limits.
- Multiple account scaling options.
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BluFX
- Overview: A subscription-based prop trading firm that provides instant funding without an evaluation phase.
- MT5 Integration: Fully compatible with MT5, enabling traders to utilize its cutting-edge features.
- Key Features:
- No profit split; traders keep 100% of their earnings.
- Fixed monthly subscription fee.
- Focus on forex and major indices.
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Audacity Capital
- Overview: Based in London, Audacity Capital is known for its straightforward funding model.
- MT5 Integration: Traders can choose to trade on MT5, benefiting from its superior functionality.
- Key Features:
- Immediate funding up to $500,000.
- No demo challenges; direct live trading.
- Performance-based scaling plan.
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City Traders Imperium (CTI)
- Overview: CTI offers an educational approach to prop trading, combining funding programs with trader development.
- MT5 Integration: MT5 is available to all funded traders.
- Key Features:
- Profit splits up to 80%.
- Access to a supportive trading community.
- Flexible trading conditions.
What to Consider When Choosing a Prop Firm
When selecting a prop firm in the UK, particularly one that uses MT5, consider the following factors:
- Funding model: Does the firm require an evaluation phase, or do they offer instant funding?
- Profit splits: Higher profit splits mean more earnings for you.
- Risk management rules: Ensure the rules align with your trading style.
- Asset variety: Choose a firm that supports the instruments you prefer to trade.
- Platform features: Ensure the MT5 setup provided is robust and supports your strategy.
FAQ Top Prop firm UK That Use MT5
1. What is a proprietary trading firm?
A proprietary trading firm provides traders with the opportunity to trade using the firm’s capital rather than their own. Traders typically earn a share of the profits they generate.
2. Why is MT5 popular among prop firms?
MT5 offers advanced charting tools, fast execution, multi-asset capabilities, and customization options, making it ideal for both manual and automated trading strategies.
3. How do I get funded by a prop firm?
Most prop firms require you to pass an evaluation process that tests your trading skills, risk management, and consistency. Some firms, like BluFX, offer instant funding without an evaluation phase.
4. Are there any drawbacks to using MT5?
While MT5 is a powerful platform, it may have a learning curve for beginners. Additionally, some traders prefer MT4 due to familiarity or specific trading strategies.
5. Which UK prop firm has the best profit splits?
FTMO and City Traders Imperium offer some of the highest profit splits, with up to 90% and 80%, respectively.
6. Can I use Expert Advisors (EAs) with MT5 in prop firms?
Yes, most prop firms that support MT5 allow the use of EAs for automated trading. However, check the firm’s specific rules on automation.
7. What instruments can I trade on MT5?
MT5 supports forex, stocks, commodities, indices, and cryptocurrencies, depending on the broker or prop firm’s offerings.
8. Are there monthly fees for using MT5 with a prop firm?
Some firms, like BluFX, operate on a subscription model with fixed monthly fees, while others include MT5 access as part of their funded account offerings.
Conclusion
MT5 is a powerful platform that complements the offerings of top-tier prop firms in the UK. Firms like FTMO, The5ers, BluFX, Audacity Capital, and City Traders Imperium provide excellent opportunities for traders to showcase their skills while benefiting from advanced tools and substantial funding. By aligning your trading goals with the right prop firm, you can maximize your potential and achieve long-term success in the competitive world of proprietary trading.