Like its younger sibling the MT4, MetaTrader 5 (MT5) is also a very popular trading platform among ECN forex brokers and traders. The platform is built on a tried and tested architecture, and is thus considered to be a highly reliable choice as a trading platform for independent ECN forex traders and others.
The MT5 platform is able to connect to electronic communication networks (ECNs) through designated gateways, making it possible to trade directly with other traders instead of with a market maker. This allows for trading with much tighter spreads than is normally possible, while instead paying commissions on each trade. For this reason, many professional and high-volume traders prefer trading with true ECN brokers rather than other types of brokers.