FT
FTMO
Editor's Choice90%
Profit Split
$200K
Max Funding
MT5
Platform
2-Step
Challenge
★★★★★ 4.8 (2.1k reviews)
View FTMO MT5 Details →
Get funded on MetaTrader 5 — the industry's most powerful trading platform. Compare top MT5 prop firms offering EA support, multi-asset access, and ZAR payouts for South African traders.
Ranked by MT5-specific criteria: platform integration quality, EA permissions, instrument breadth, and challenge fairness.
MetaTrader 5 (MT5) is the successor to MT4, developed by MetaQuotes. While MT4 remains popular for pure forex trading, MT5 has become the preferred platform for prop firms due to its expanded asset class coverage, superior strategy tester, and more advanced order management system.
Key advantages of MT5 for SA prop traders include access to 21 timeframes (vs 9 on MT4), a built-in economic calendar, a multi-threaded strategy tester for EAs, depth of market (DOM) visibility, and support for stocks, futures, and commodity CFDs alongside forex. This makes MT5 better suited to the multi-instrument approach many prop firm challenges require.
Most leading prop firms — including FTMO, MyFundedFX, and OANDA Prop — have standardised on MT5. If you're building a trading career, learning MT5 is the smart long-term choice.
Key MT5 features that give funded traders an edge on the challenge and beyond.
MT5's MQL5 language allows powerful automated strategies. Most MT5 prop firms permit EAs during the challenge phase, making it possible to pass using a tested algorithmic system.
From M1 to MN, MT5 offers 21 built-in timeframes — more than any other major platform. This gives traders greater granularity for scalping, day trading, and swing setups.
MT5 supports forex, CFDs, stocks, futures, and commodities in a single terminal. This means one MT5 prop account can cover your full trading universe.
MT5's multi-threaded backtester allows forward and optimisation testing of EAs at high speed. Essential for verifying a strategy's edge before risking funded capital.
Key MT5-specific metrics for South African traders, updated 2026.
| Firm | Max Funding | Profit Split | MT5 | EA Allowed | Scalping | News Trading | ZAR Payout |
|---|---|---|---|---|---|---|---|
| FTMO | $200,000 | 90% | ✓ | ✓ | ✓ | ✗ | ✓ |
| MyFundedFX | $300,000 | 85% | ✓ | ✓ | ✓ | ✓ | ✗ |
| iTradePropFirms | R5,000,000 | 80% | ✓ | ✓ | ✓ | ✓ | ✓ |
| OANDA Prop | $500,000 | 90% | ✓ | ✓ | ✗ | ✗ | ✗ |
| Blue Guardian | $400,000 | 85% | ✓ | ✓ | ✓ | ✓ | ✗ |
| Trader2B | $150,000 | 75% | ✓ | ✗ | ✗ | ✗ | ✗ |