MetaTrader 5 is a familiar choice for traders who use custom indicators, Expert Advisors, detailed charting, and different order types. If you already trade on MT5, joining a prop firm that supports the platform means you can continue working with tools and features you already understand.
If you’re looking for a prop firm that offers MT5, compare your options. Each firm has its own evaluation models, drawdown rules, profit targets, payout terms, and trading restrictions.
The prop firms in this list are not presented in any particular order, and the list is not intended to rank one company above another.
1) Goat Funded Trader
Founded in 2022, Goat Funded Trader offers simulated funding programs with scaling up to $2 million and 100% on-demand payouts on eligible accounts.
Goat Funded Trader offers MT5, cTrader, TradeLocker, Match-Trader, and Volumetrica. Platform availability depends on the trader’s location, with MT5 and cTrader not available to US clients.
Goat Funded Trader offers 1-Step, 2-Step, and Instant Funding models. Account sizes range from $2,500 to $400,000, depending on the selected model. Its Instant options include HERO, GOAT, Premium, and GOAT $1, with the GOAT $1 model offering a $1,000 account.
The challenge models use different profit targets and drawdown limits. News trading, weekend holding, and unlimited trading periods are available under the firm’s listed account conditions, while specific rules can vary by model.
2) FTMO
Founded in 2015, FTMO is one of the best-known names in prop trading and operates its evaluation programs through simulated accounts.
FTMO supports MT4, MT5, cTrader, and TradingView, giving traders several choices for charting and order execution. Platform availability can depend on the account and region.
FTMO offers 1-Step and 2-Step Challenges. Account sizes include $10,000, $25,000, $50,000, $100,000, and $200,000, with a maximum simulated capital allocation of $2,000,000 before scaling.
FTMO also offers Standard and Swing account types. Swing accounts allow traders to hold positions overnight and over weekends and trade during major news releases, while Standard accounts have restrictions around selected news events on funded accounts.
3) The5ers
Founded in 2016, The5ers focuses mainly on forex prop trading and offers several routes into its funded trader programs.
The5ers uses MT5 Hedge for its High Stakes program. Traders can access forex, metals, indices, oil, and crypto through the program’s available instruments.
Its funding models include High Stakes, Bootcamp, and Instant Funding. High Stakes is a 2-step program with account sizes starting at $2,500 and scaling up to $500,000. Bootcamp uses three challenge phases and has no time limit to complete the evaluation.
The5ers allows overnight and weekend holding in its High Stakes and Bootcamp programs. News trading is also allowed, although High Stakes does not allow opening or closing orders within two minutes before or after high-impact news.
4) PineX Capital
PineX Capital offers simulated trader programs with account sizes ranging from $5,000 to $300,000. MetaTrader 5 was added to its platform lineup in 2026.
Its lineup includes the 1-Step Challenge, 2-Step Challenge, Direct Funding, Instant Funding, and Pay Later Challenge. Instant Funding includes PineX and Elite options.
The 1-Step Challenge is available from $5,000 to $200,000, while the 2-Step Challenge ranges from $10,000 to $200,000. Instant Funding goes up to $300,000. Direct Funding gives traders immediate account access without a challenge and has no profit target, while the 2-Step Challenge uses 8% and 5% profit targets with 4% daily loss and 10% maximum static loss limits.
5) FXIFY
FXIFY offers several evaluation and direct funding programs and is backed by a brokerage group.
FXIFY supports MT5, DXTrade, and TradingView on selected programs. This gives traders the option to use MetaTrader tools, browser-based trading, or TradingView’s charting environment.
Its current lineup includes One Phase, Two Phase, Three Phase, Instant Funding, and Lightning. The One Phase program offers account sizes from $5,000 to $400,000, with a 10% profit target, 3% daily loss limit, and 6% trailing drawdown.
The Two Phase program is available in different account types, including Classic, Standard, and Pro, with different profit targets and drawdown structures. FXIFY also offers Instant Funding Standard, Educational Instant Funding, and Instant Funding Lite.
Top MT5 Prop Firms Comparison
The table below shows the trading platforms and funding models available from each prop firm:
| Prop Firm | Available Platforms | Available Funding Models |
| Goat Funded Trader | MT5, cTrader, TradeLocker, Match-Trader, Volumetrica | 1-Step, 2-Step GOAT, 2-Step Standard, 2-Step PRO, Instant HERO, Instant GOAT, Instant PRO, Instant Premium, GOAT $1, GOAT Blitz, Pay Later |
| FTMO | MT4, MT5, cTrader, TradingView | 1-Step Challenge, 2-Step Challenge |
| The5ers | MT5 Hedge | High Stakes, Bootcamp, Instant Funding, Pro Growth, Hyper Growth |
| PineX Capital | MT5 and TradeLocker | 1-Step Challenge, 2-Step Challenge, Direct Funding, Instant Funding, Pay Later |
| FXIFY | MT5, DXTrade, TradingView | One Phase, Two Phase, Three Phase, Instant Funding, Lightning |
The Best MT5 Prop Firms in 2026
The best MT5 prop firm for you depends on the account model and trading rules that fit the way you trade. Some firms use one-step or multi-step evaluations, while others also offer instant funding models. Account sizes, drawdown limits, profit targets, payout rules, and trading restrictions can differ.
The five firms covered in this article offer different combinations of platforms and funding models. Some have a wider range of account options, while others focus on a smaller selection of programs with specific trading conditions. The main point is to compare the full account terms.
