Who this is for
You're starting fresh (no existing MT4 muscle memory) or you're migrating from MT4 to get modern features. You want a broker that has fully committed to MT5 — not one where MT5 is an afterthought behind the older platform.
What to look for
Every broker will tell you they're the best. Here are the concrete things the desk checks before recommending any broker for this category:
MT5 supports 21 timeframes (vs MT4's 9) and multiple instrument types. Verify your broker exposes all of them.
MQL5 is the EA language for MT5. Fewer EAs exist than MQL4 but they're generally higher quality. Check what your broker recommends.
MT5 supports DOM but not all brokers enable it. If you want to see order flow at key levels, verify DOM is on.
Real MT5 value comes from trading forex, indices, commodities, and crypto from a single platform. Pick a broker that offers all four on MT5.
MT5 has a built-in economic calendar. Some brokers disable this for some reason — don't use those.
Genesis FX is the Candleread desk's MT5 pick because it exposes the full MT5 feature set: all 21 timeframes, DOM visibility, multi-asset trading across forex/indices/gold/crypto, and the integrated economic calendar. The broker's MT5 setup is production-grade and doesn't feel like a port of the MT4 experience.
Open a Genesis FX account →Affiliate link · no extra cost to you · we only recommend what the desk trades
MT5 is the right default platform for new traders in 2026 — it has more features, better instrument coverage, and will outlive MT4. The only reason to stay on MT4 is if you have existing MQL4 EAs you can't port. Don't let MT4 nostalgia stop you from moving forward.
Key takeaways
- →MT5 is the modern default — better charts, more timeframes, native multi-asset
- →Start on MT5 if you're new to trading. Only use MT4 for legacy reasons.
- →Genesis FX exposes full MT5 functionality including DOM and economic calendar
- →MT5 + TradingView integration (available on Genesis) is the best-of-both-worlds setup