Many of the low spread brokers in the market today offers MetaTrader 5 (MT5) either instead of or in addition to the older MetaTrader 4 (MT4). As a large and well-known trading platform, MetaTrader 5 is offered by a long range of both high and low spread forex brokers around the world.
Although the MT5 is a newer and more modern trading platform, some traders still swear by the original MetaTrader platform due to the wider selection of trading algorithms (Expert Advisors) that are available on it. In terms of spreads on popular trading instruments, however, most traders will find that there are plenty of low spread forex brokers offering both platforms.