In this article, I will discuss the best prop firms using MetaTrader 4 & 5, focusing on firms with good execution, trader friendly rules, and professional trading conditions.
These proprietary trading firms use MT4 and MT5 for advanced charting, automation, and risk management tools, making them great for new and veteran traders.
Key Points & Best Prop Firms Using MetaTrader 4 & 5
| Prop Firm | Key Point |
|---|---|
| FundingPips | Global opportunities and flexible rewards, designed for international traders |
| The5ers | Instant funding and growth programs, allowing traders to skip long evaluations |
| FundedNext | High reward system with scaling options and MT5 support |
| Alpha Capital | Balanced funding with strong evaluation model and clear rules |
| SurgeTrader | Simple rules and fast scaling opportunities |
| Lux Trading Firm | Professional standards with strong emphasis on trader development |
| BrightFunded | High allocation and competitive spreads |
| Goat Funded Trader | Aggressive promotions and strong payout structure |
| Top One Trader | Flexible scaling and high payout percentages |
| Blueberry Funded | Accessible entry with affordable challenges |
10 Best Prop Firms Using MetaTrader 4 & 5
1. FundingPips
FundingPips is quickly becoming one of the most prominent proprietary trading companies, allowing traders to utilize MetaTrader 4 and MetaTrader 5.
They have a variety of flexible evaluation models to include one and two step challenges, making them a good option for novice and veteran traders alike. Traders have access to competitive profit splits, rapid payouts, and options for higher leverage.
FundingPips also has minimal restrictions and allows traders to trade Forex, indices, commodities, and crypto CFDs. They are also known for being transparent and having no hidden fees, and offer rapid account scaling. Most traders appreciate that their MT4/MT5 options include advanced charting capabilities, and allow for the use of expert advisor (EA) trading.
FundingPips Pros And Cons
Pros
- MetaTrader 4 and MetaTrader 5 are both compatible
- Different challenge types, including one-step and two-step evaluations
- Quick and regular payouts and high profit splits
- Automated trading is allowed as well as Expert Advisors (EAs)
- A variety of instruments are offered, including crypto CFDs, indices, and forex
Cons
- For high-risk strategies, trading rules can be stringent
- Some account types may have news trading restrictions
- Scaling is only possible with consistent trading performance over time
2. The5ers
The5ers have built up a reputation as a trusted prop trading company. They offer Meta Trader 4 and 5 for MT trading. They have a unique trading philosophy which promotes low risk and long term funding.
The5ers have account models with instant funding as well as accounts with more realistic withdrawal limits and no time restrictions. In addition to account scaling, you have access to a wide range of trading instruments, including fx, indices and commodities.
Their MT4/5 platforms support automated trading, custom indicators and order placement. The company is well known for providing a stable and growing trading environment for disciplined traders.
The5ers Pros And Cons
Pros
- Reliable and reputable for a long time as prop trading firm
- Professional execution with MT4 and MT5 support
- Most trading challenges have no time limits
- Strong low-risk focused account scaling plan
Cons
- Some competitors offer higher leverage
- For aggressive traders, profit targets may be perceived as too slow
- Limited offerings for trading crypto
3. FundedNext
More than providing MT4 and MT5 and global accessibility, FundedNext is a modern prop firm with trader-friendly conditions. It has varying challenge types, including evaluation and express models, designed to suit different trading styles.
FundedNext is recognized for its rapid withdrawal processing, generous profit splits, and relaxed trading terms. Traders can trade cryptocurrencies, metals, and indices, and forex with no session restrictions.
Additionally, the firm allows the use of expert advisors on MT4/ MT5, which is great for traders who use algorithms. FundedNext is a top choice for short and swing traders, with great customer service and constant promotions.
FundedNext Pros And Cons
Pros
- MetaTrader 4 and MetaTrader 5 are fully supported
- Multiple funding types, such as Express accounts
- Fast withdrawal processing and high profit sharing
- On some plans, news trading, hedging, and EAs are allowed
- Accessible to traders worldwide
Cons
- Express accounts require extra initial investments
- Different account types may have different account rules
- New traders may not have an easy time with selecting plans
4. Alpha Capital
Based in Dubai, Alpha Capital has built a credible reputation in the proprietary trading industry and has built a trading platform where one can trade on Metatrader 4 (MT4) and Metatrader 5 (MT5) with liquidity from top tier financial institutions. Alpha Capital has detailed its trader evaluation courses for each tier and includes risk parameters and profit targets
Traders have the ability to trade forex, indices, and commodities and utilize their own Advanced trading Methods (EAs) and custom scripts on MT4/MT5. Traders who value long term funding and scaling will find Alpha Capital to be one of the better options.
Alpha Capital Pros And Cons
Pros
- MT4 and MT5 have very professionally made trading interfaces
- Evaluation is easy and very transparent so you know how to plan accordingly
- Evaluation plans help with promoting self-discipline and self consistency
- High-quality institutional liquidity and execution
- High-quality institutional liquidity and execution
Cons
- Fewer ways to modify your challenge
- More tough rules on risk management
- More tough rules on risk management compared to most newer prop firms
5. SurgeTrader
SurgeTrader has gained a reputation as a prop firm supporting MetaTrader 4 and 5 with an evaluation process that is simple in comparison to competitors. SurgeTrader stands out as it only requires a single step to achieve an assessment, meaning traders will be able to get funded in a shorter time span than other firms offer. The firm has high account sizes with generous profit splits.
There are also no minimum trading days. MT4/5 support means that traders have access to advanced charting packages, trade automation, and superior execution.
Forex, indices, metals, and crypto are all tradeable with SurgeTrader under set drawdown rules. This is particularly attractive to advanced traders who want to have simple trading rules and want to get access to funded accounts in shorter time frames.
SurgeTrader Pros And Cons
Pros
- Trade and get funded as quickly as possible because of their one step evaluations
- MT4 and MT5 trading is supported
- Values no minimum requirement on how many days you have to trade
- Rules are very simple and easy to understand
- High account sizes are available
Cons
- In comparison to many prop firms, prices to get started are higher
- If you fail an evaluation, you won’t get any free retries
- Scaling opportunities are very limited
6. Lux Trading Firm
Lux Trading Firm is a proprietary trading company based in the UK, offering support for the MetaTrader platforms for professional traders. It prioritizes real trading conditions and focuses on long-term results versus ashort-term aggressive challenge. T
raders on MT4 or MT5 enjoy flexible trading strategies and institutional-style execution. With the firm, traders can access forex, indices, and commodities with clear risk management guidelines.
The firm focuses on the education of traders, good consistency, and sustainable profitability. Because of the advanced indicators, and detailed trade analysis available, along with the MT4/MT5 supports that allow for automtic trading, the firm is well-suited for traders who value structure and a professional trading environment.
Lux Trading Firm Pros And Cons
Pros
- Regulated trading by the UK
- You can trade on MT4 and MT5
- Trading is realistic and not speculative, with a focus on the integration of time
- No unreasonable say in how profits should be made
- More trading education than other firms
Cons
- Compared to very rapid prop firms, the declining in prices is not as noticeable
- Selection of tradeable cryptocurrencies is limited
- Not the best choice for very active trading or high frequency trading
7. BrightFunded
BrightFunded as a Trendy Prop Firm With MetaTrader 4 or 5. Smooth and Reliable Trading. Affordable Evaluation Challenges. Fast Payouts. Competitive Profit Split.
Over 100 Tradable Instruments. Including Forex, Crypto, Indices & Metals. Automated Trading. Custom Indicators. Advanced Risk Tools. Flexible Trading Rules. Scaling Opportunities. For All Levels. Ideal for Beginners & Experienced. Modern Prop Firm. Robust Conditions. Solid Trading Infrastructure.
BrightFunded Pros And Cons
Pros
- Supports MetaTrader 4 and MetaTrader 5
- Challenges are affordable
- Supports automated trading and EAs
- Flexible rules and fast payouts
- Nice variety of tradable instruments
Cons
- A newer company and a short track record
- Less premium firms have lower scaling limits
- Account type determines features on the platform
8. Goat Funded Trader
Goat Funded Trader offers MetaTrader 4 and MetaTrader 5 support to both retail and professional traders. It has become one of the more synonymous proprietary firms with MetaTrader 4 and MetaTrader 5 because there are more than sufficient funding options available, and traders can achieve evaluations at competitive prices.
There are also flexible trading hours, and traders can trade Forex, Indices, and Commodities. Because of Goat Funded Trader’s flexible trading options, the transparency of their trading rules, and their frequent pay outs, they are considered one of the more prominent choice funded trading options.
Goat Funded Trader Pros And Cons
Pros
- Supports trading on MT4 and MT5
- Customers can easily evaluate the structure
- Rules are clear and payouts are consistent
- Can accommodate multiple trading methods
- Support is fantastic
Cons
- Less recognized than the best prop firms
- Basic advanced analytics tools are missing
- Scaling takes a while
9. Top One Trader
Top One Trader is an up-and-coming prop firm that goes as low as MT4 and MT5 for trading platforms. It gives traders access to market execution. Traders also get evaluation programs with profit goals and drawdown limits that are fair.
They have trading privileges on forex, indices, metals, and crypto CFDs, with few trading restrictions. The platforms come with advanced charting, expert advisors, and fine risk management.
Trader growth, fairness, and transparency are among the key values Top One Trader focuses on with account scaling plans. It is great for traders who desire an equilibrium between challenge level and funding potential with the reliable MetaTrader platforms.
Top One Trader Pros And Cons
Pros
- MetaTrader 4 and 5 are supported
- Good profit target and drawdown rules.
- Supports forex, crypto CFDs, and indices
- Easy for beginners to evaluate the structure
- Automated trading is supported
Cons
- Compared to large firms, the funding limits are smaller
- Less developed brand reputation
- Less account customization options
10. Blueberry Funded
Backed by the reputable Blueberry Markets brand, Blueberry Funded supports professional trading on MetaTrader 4 and MetaTrader 5. Funded Traders get access to tight spreads, reliable execution, and liquidity of institutional grade. Traders can access the CFDs of forex, indices, commodities and crypto under clearly defined risk rules.
With MT4 and MT5 support, Funded Traders can use automated trading, advanced indicators, and fast order execution. Blueberry Funded stands out for its transparency, support of traders, and reliable and frequent payouts.
Because of its powerful trading infrastructure and strong brokerage background, Blueberry Funded is a trusted option for traders looking for consistency, stability and growth in a prop firm environment.
Blueberry Funded Pros And Cons
Pros
- A reputable brokerage brand supports them
- Supports leading executions on MT4 and MT5
- Offers tight spreads and institutional grade liquidity
- Trading conditions are clear and consistent
- Payouts are reliable and punctual
Cons
- Less variety in terms of challenge types
- Stricter risk compliance requirements
- Less promotional offers when compared to younger firms
Conclusion
To sum up, the most reputable prop firms that work with MetaTrader 4 and MetaTrader 5 provide their clients with dependable order execution, innovative features, and adaptable trading terms.
These companies, with their commitment to automation, a variety of financial instruments, and reasonable funding policies, serve novice and advanced traders aiming for sustained profitability and growth through the use of industry-standard trading platforms.
FAQ
What are prop firms that use MetaTrader 4 and 5?
Prop firms using MT4 and MT5 allow traders to manage funded accounts using MetaTrader platforms for market execution and analysis.
Why do prop firms prefer MetaTrader 4 & 5?
MT4 and MT5 offer advanced charting, fast execution, automation, and support for Expert Advisors (EAs).
Can I use Expert Advisors (EAs) on MT4/MT5 prop firm accounts?
Yes, most prop firms allow EAs, but traders must follow firm-specific risk and strategy rules.
Are MT4 and MT5 suitable for beginners?
Yes, both platforms are beginner-friendly while still offering professional-grade tools.
