Prop Firms That Use MetaTrader 5

MetaTrader 5 is the standard platform at forex and CFD prop firms, with automated trading through Expert Advisors.

Short answer

8 of the firms we track support MetaTrader 5. The cheapest to get funded with is AquaFunded at $143, followed by E8 Markets ($160). 8 of them use EOD or static drawdown.

Firms with MetaTrader 5

0 futures, 8 forex and CFD

Cheapest to get funded

$143

AquaFunded, 50K account

No activation fee

of 8, where the evaluation price is the whole price

Forex and CFD prop firms that use MetaTrader 5

8 firms, cheapest first, on the same basis.

Firm	Cost to funded (50K)	Drawdown	Profit split	Also supports
AquaFundedForex & CFD	$143	Static	Up to 90%	NinjaTrader, Match-Trader, TradeLocker, Volumetrica
E8 MarketsForex & CFD	$160	End of day	Up to 80%	cTrader, TradeLocker
FundedNextForex & CFD	$229.99	Static	Up to 80%	MT4, cTrader
FundingPipsForex & CFD	$244	Static	Up to 95%	cTrader, Match-Trader
Tradeify FXForex & CFD	$249	End of day	Up to 90%	MetaTrader 5 only
The5ersForex & CFD	$249	Static	Up to 100%	cTrader
GOAT Funded TraderForex & CFD	$308	Static	Up to 100%	cTrader, Match-Trader, TradeLocker
FTMOForex & CFD	$364	Static	Up to 90%	MT4, DXtrade, cTrader

Platform lists come from each firm's own site. Some firms only offer a platform on certain plans, so check before you buy.

How to choose between them

Check the drawdown type. End-of-day drawdown gives you far more room than intraday trailing. See how they differ.
Look for a funded consistency rule. It can hold up payouts after one big day. Consistency rules compared.
Count the monthly fees. A cheap monthly evaluation costs more for every month it takes you to pass.
Check for a discount code. Most firms run deals often. See current codes.

Compare all firms All firm lists

Questions

Which prop firms use MetaTrader 5?

Of the firms we track, AquaFunded, E8 Markets, FundedNext, FundingPips, Tradeify FX, The5ers, GOAT Funded Trader, FTMO support MetaTrader 5.

What is the cheapest prop firm that uses MetaTrader 5?

AquaFunded, at $143 in total to get funded on a 50K account, including any activation fee.

Which MetaTrader 5 prop firms use end-of-day drawdown?

E8 Markets and Tradeify FX. End-of-day drawdown only moves at the daily close, so swings during the day do not shrink your limit.

Firms by other platforms

Prop Firms That Use NinjaTraderNinjaTrader is the most common desktop platform at futures prop firms, and it is usually free to use on a prop account.Prop Firms That Use TradingViewTrade straight from TradingView charts.Prop Firms That Use TradovateTradovate runs in the browser, desktop and mobile with nothing to install, and it is the usual route to trading a futures prop account from TradingView.Prop Firms That Use RithmicRithmic is the data and order routing behind many futures firms.Prop Firms That Use ProjectXProjectX is the web platform behind TopstepX and several other futures firms, with charting and order entry built in.Prop Firms That Use QuantowerQuantower is a multi-asset platform with a free version that can connect one prop account, plus paid order flow add-ons.