Trading cryptocurrencies via MetaTrader (MT4 or MT5) is only available on a few brokers. Therefore, choosing the best option is important to gain access to advanced features, but the process is difficult if you don’t have the right information. Our goal at WR Trading is to help you compare options and find the best MetaTrader broker for your crypto trading needs. We have tested all the details of crypto availability, spreads, commissions, security, and MetaTrader platform support of different brokers and compared them to our top list.
Find here the top 10 MetaTrader crypto brokers and their standout features in our comparison table below:
Broker:
Cryptocurrencies:
Advantages:
Account:
12 (ADA, DOGE, BTC, ETH, DOT, and more)
- 5x regulated broker
- Spreads from 0.0 Pips
- More than 10,000 markets
- Leverage up to 1:500
- Low Commission from 3$/1 Lot
- High liquidity and fast execution
- TradingView, MT4/5, cTrader, IRRES
40+ (BTC, ETH, SOL, LINK, AVA and more)
- ECN Accounts
- Spreads from 0.0 Pips
- Copy Trading available
- Leverage up to 1:500
- Low Commission from 1.5$/1 Lot
- High liquidity and fast execution
- TradingView, MT4/5, cTrader, Pro Trader
43 (BTC, ETH, SOL, and more)
- ECN/STP Accounts
- Spreads from 0.0 Pips
- Leverage up to 1:1000
- Low Commission from 3$/1 Lot
- High liquidity and fast execution
- MT4/5 and Pro Trader
44 (BTC, LTC, ETH, SOL and more)
- Non-EU regulated
- High Leverage up to 1:1000
- Fast execution
- Attractive Bonus Programs
- Copy Trading
- MT4 / MT5
40+ (BTC, ETH, LTC, ADA, EOS, XRP, and more)
- No Minimum Deposit
- Spreads from 0.0 Pips
- 26,000+ Markets
- Leverage up to 1:500
- Low Commission from 2$/1 Lot
- High liquidity and fast execution
- TradingView, MT4/5, cTrader, Invest Account
- New Zealand regulated
20+ (BTC, AVA, BAT, BCH, ETH, and more)
- Mauritius-regulated broker
- High Leverage up to 1:1000
- Multiple account types
- More than 850 trading instruments
- MT4, MT5, PU Prime App
16 (BTC, ETH, LTC, DOT, and more)
- No Minimum Deposit
- Spreads from 0.0 Pips
- Leverage up to 1:500
- Low Commission from 4$/1 Lot
- 26,000+ Markets
- TradingView, MT4/5, cTrader
21 (BTC, ETH, DOT, LINK, UNI, ADA, and more)
- Raw Spreads from 0.0 Pips
- Leverage up to 1:500
- Low Commission from 3$/1 Lot
- High liquidity and fast execution
- cTrader, MT4, MT5
24 (BTC, ETH, LTC, ADA, LINK, XRP, and more)
- Tier-1 Regulated Broker
- Spreads from 0.0 Pips
- Leverage up to 1:500 (1:30 EU)
- Low Commission from 3$/1 Lot
- High liquidity and fast execution
- TradingView, MT4/5, cTrader
58 (BTC, ETH, SOL, ADA, USDT, and more)
- Spreads from 0.6 Pips
- Leverage up to 1:1000
- Over 1,000+ Markets
- Negative Balance Protection
- No Requotes & No Rejections
- MT4 & MT5 Platforms
- Regulated by CySEC, ASIC, FSC and DFSA
See the full video comparison of MetaTrader Crypto Brokers here:
List of the 10 Best MetaTrader Crypto Brokers:
Below are short reviews of each MetaTrader crypto broker, highlighting their strengths and what sets them apart. Also, all of our recommended options at WR Trading offer demo accounts, allowing you to test the services before committing real funds.
1. FP Markets
FP Markets offers one of the most polished MetaTrader experiences for crypto traders, making it our first choice. The broker provides a Traders ToolBox specifically for MetaTrader 4, which offers 12 trading tools to improve the crypto trading experience. Notable tools include the Alarm Manager for setting price alerts, the Correlation Matrix for managing risk by analyzing asset relationships, and the Sentiment Trader to track market sentiment.
Moreover, FP Markets supports cryptocurrency trading directly through MetaTrader 4 and MetaTrader 5, offering 12 digital assets including BTC, ETH, and XRP. The integration is smooth and stable, allowing you to deploy technical indicators, Expert Advisors, and automated trading scripts without restrictions on crypto orders or charting data.
Traders looking for speed and maximization of profits in volatile markets will appreciate the fast execution of 50 ms and leverage of 500:1 FP Markets provides through MetaTrader. Also, there are no minimum spreads, and depending on the coin, they can go as low as 0.0027 pips.
| Feature | Information |
|---|---|
| MetaTrader 4/5 Available? | Yes |
| Spreads and Commission | Varies based on account: Spread – from 0.0 pips Commission – From no commission to $3 per lot |
| Example of Spread | BTC/USD – Average Spread of $20.43 |
| Trading Platforms | MetaTrader 4, MetaTrader 5, cTrader, TradingView, IRESS, and WebTrader |
| Tradable Assets | Over 10,000 |
| Number of available Cryptocurrencies | 12 (ADA, DOGE, BTC, ETH, DOT, and more) |
| Leverage | 500:1 |
| Leverage for Crypto | 2:1 |
| Customer Support | Email, live chat, and phone support |
| Demo Account | Yes |
| Educational Content | Video tutorials and trading glossary |
| Regulation | ASIC, FSCA, FSA, FSC, and CySEC |
2. Vantage Markets
Vantage Markets offers crypto traders an ideal balance between advanced trading tools and user-friendly experience on MetaTrader, giving it our 2rd spot at WR Trading. The broker’s MetaTrader 4 and 5 platforms provide everything from in-depth charting tools to advanced indicators for your crypto trading strategies. Also, the broker offers over 40 popular altcoins like Ethereum, Solana, DogeCoin, and more with leverage up to 100:1. Bitcoin is available with leverage of 333:1 and spreads averaging at $14 – $25.
Vantage Markets’ biggest differentiator in the crypto space is their frequent promotional offers, which can give traders an extra boost to their capital. For example, the USDT Deposit Promotion 3.0 offers a 10% rebate on your first USDT deposit. These promotions, paired with the power of MetaTrader, make it a great option for traders seeking a new crypto broker.
| Feature | Information |
|---|---|
| MetaTrader 4/5 Available? | Yes |
| Spreads and Commission | Varies based on account: Spread – from 0.0 pips Commission – From $3 per lot |
| Example of Spread | BTC/USD – Spread $14 – $25 |
| Trading Platforms | Vantage App, MetaTrader 4, MetaTrader 5, TradingView, and ProTrader |
| Tradable Assets | Over 1,000 |
| Number of Cryptocurrencies | Over 40 (BTC, ETH, SOL, LINK, AVA and more) |
| Leverage | 500:1 |
| Leverage for Crypto | 333:1 for BTC and 100:1 for other coins |
| Customer Support | Email, live chat, and phone support |
| Demo Account | Yes |
| Educational Content | Courses, webinars, and ebooks |
| Regulation | ASIC and CIMA |
3. Moneta Markets
Moneta Markets is our 3rd go to option because it offers MT4 and MT5 integration that includes 43 cryptocurrencies across majors, altcoins, and cross pairs. Leverage for crypto can go up to 500:1, and the broker provides multiple account types with either raw spreads plus commission or spread-only pricing. Traders have access to one-click trading, customizable charting tools, and a range of indicators, along with support for automated strategies through Expert Advisors.
The trading infrastructure is designed to execute trades quickly using OneZero’s price engine, reaching speeds of 15ms. Clients can monitor and manage crypto positions using the MetaTrader desktop terminal, mobile apps, or through the broker’s WebTrader interface.
Educational materials and platform tutorials are available for both MT4 and MT5 users, making it easier to build technical setups and strategy templates. Moneta Markets is regulated by the Cayman Islands Monetary Authority and the FSCA, offering a trading environment that supports high leverage while maintaining a safe trading environment.
| Feature | Information |
|---|---|
| MetaTrader 4/5 Available? | Yes |
| Spreads and Commission | Varies based on account: Spread – from 0.0 pips Commission – from no commission to $3 per lot |
| Example of Spread | BTC/USD – Average $20 -$35 spread |
| Trading Platforms | MetaTrader 4, MetaTrader 5, Pro Trader, and MT4 WebTrader |
| Tradable Assets | Over 1,000 |
| Number of Cryptocurrencies | 43 (BTC, ETH, SOL, and more) |
| Leverage | 1000:1 |
| Leverage for Crypto | 500:1 |
| Customer Support | Email, live chat, and phone support |
| Demo Account | Yes |
| Educational Content | Blogs and guides |
| Regulation | Cayman Islands Monetary Authority and Financial Sector Conduct Authority |
4. StarTrader
StarTrader provides access to MetaTrader 4 and MetaTrader 5, with a specific focus on crypto CFDs for traders seeking high leverage and wide market coverage. The platform offers over 40 cryptocurrencies including BTC, ETH, LTC, XRP, and SOL, all accessible through MetaTrader’s interface, which supports full charting functionality, algorithmic trading, and multiple order types. Leverage on crypto can reach up to 1000:1 upon request, with the default cap starting at 500:1.
Accounts come with variable spread structures depending on the trader’s profile and the selected platform, and execution speed of 100ms is handled with fast processing to accommodate active trading strategies. MetaTrader integration includes technical indicators, EA support, and multi-timeframe chart setups, allowing traders to adapt their methods to the fast-paced crypto market.
StarTrader also offers webinars, trading articles, and platform guides, helping users make full use of available tools. The broker is regulated by the FSCA and supports user queries through live chat and email.
| Feature | Information |
|---|---|
| MetaTrader 4/5 Available? | Yes |
| Spreads and Commission | Varies based on account: Spread – from 1.3 pips Commission – from no commission to $6 per lot |
| Example of Spread | BTC/USD – average spread $10 – $25 |
| Trading Platforms | MT4, MT5, and WebTrader |
| Tradable Assets | Over 1,000 |
| Number of available Cryptocurrencies | 44 (Bitcoin, LTC, ETH, SOL and more) |
| Leverage | 500:1 |
| Leverage for Crypto | 1000:1 (must apply for leverage adjustment) |
| Customer Support | Live chat and email support |
| Demo Account | Yes |
| Educational Content | Knowledge center, news room, and webinars |
| Regulation | Financial Sector Conduct Authority (FSCA) |
5. BlackBull Markets
BlackBull Markets is one of the better MetaTrader brokers that offers 22 crypto CFD pairs directly through MT4 and MT5, covering major assets like Bitcoin and Ethereum alongside smaller altcoins such as Polkadot and Cardano. These pairs are available with full access to MT4/MT5 charting, trading bots, and advanced scripting, making the platform suitable for traders who rely on technical analysis or automated strategies in volatile crypto markets.
For crypto traders using MetaTrader, BlackBull supports MT4 and MT5, giving you access to advanced tools like custom indicators and automated trading. Also, you can change the interface to match your needs and display only useful information. Their 500:1 leverage, combined with fast execution of 75ms, means you can enter and exit trades quickly in the notoriously volatile crypto markets. Also, the spreads are ultra-low, starting at 0.1 pips.
| Feature | Information |
|---|---|
| MetaTrader 4/5 Available? | Yes |
| Spreads and Commission | Varies based on account: Spread – from 0.0 pips Commission – From no commission to $2 per lot |
| Example of Spread | BTC/USD – Live Spread $ 20 – $ 30 |
| Trading Platforms | MetaTrader 4, MetaTrader 5, MetaTrader Web Trader, cTrader, TradingView, and BlackBull Trade |
| Tradable Assets | Over 26,000 |
| Number of Cryptocurrencies | 40 (BTC, ETH, LTC, ADA, EOS, XRP, and more) |
| Leverage | 500:1 |
| Leverage for Crypto | 100:1 |
| Customer Support | Email, live chat, and phone support |
| Demo Account | Yes |
| Educational Content | Webinars, tutorials, education hub |
| Regulation | Financial Services Authority in Seychelles |
6. PU Prime
PU Prime delivers a fully integrated MetaTrader experience for crypto traders who want flexible leverage, diverse assets, and full platform functionality. MT4 and MT5 are supported, offering access to automated trading, multiple chart types, over 30 built-in indicators, and instant or market execution modes. Leverage for crypto CFDs can reach up to 500:1, depending on the asset and account type, allowing traders to scale positions efficiently with limited upfront capital.
The crypto range includes over 20 coins, such as BTC, ETH, XRP, AVA, and BAT, with variable spreads and tight pricing on most major pairs. Clients can choose from multiple account types, including standard and RAW ECN, each with different fee models suited to different strategies.
PU Prime also provides a structured education section with video lessons, platform walkthroughs, and strategy guides specifically for MetaTrader users. The platform is backed by regulation from the FSA, FSC, and FSCA, and offers multi-channel support including live chat, email, and phone for fast assistance.
| Feature | Information |
|---|---|
| MetaTrader 4/5 Available? | Yes |
| Spreads and Commission | Varies based on account: Spread – from 0.0 pips Commission – From no commission to $7 per lot |
| Example of Spread | BTC/USD – Live Spread $30 – $45 |
| Trading Platforms | PU Prime App, MT4, MT5, and WebTrader. |
| Tradable Assets | Over 1,000 |
| Number of Cryptocurrencies | Over 20 (Bitcoin, AVA, BAT, BCH, ETH, and more) |
| Leverage | 1000:1 |
| Leverage for Crypto | 500:1 |
| Customer Support | Live chat, email, phone call, and help center |
| Demo Account | Yes |
| Educational Content | Pu Prime Trading Education Hub |
| Regulation | Financial Services Authority of Seychelles (FSA), Financial Services Commission of Mauritius (FSC), and Financial Sector Conduct Authority of South Africa (FSCA) |
7. VT Markets
VT Markets integrates MT4 and MT5 with 16 crypto CFDs, such as BTC, ETH, DOGE, ADA, DOT, and LTC. Crypto leverage is available up to 333:1, and the platform offers a choice between standard accounts with no commission or RAW accounts with lower spreads and flat fees per lot. The MetaTrader platforms come equipped with over 30 built-in indicators, expert advisor support, one-click trade entry, and mobile access for managing trades on the go.
The broker also includes a full educational suite called VT Markets Academy, which covers the basics of using MetaTrader along with crypto trading topics. Users can build strategies with detailed chart tools, set custom alerts, and monitor open positions with real-time data feeds.
Support is available in multiple languages, and the broker is regulated by ASIC, FSCA, and the Mauritius FSC. We like VT Markets because it gives crypto traders a combination of leverage, platform depth, and learning resources within a familiar MetaTrader environment.
| Feature | Information |
|---|---|
| MetaTrader 4/5 Available? | Yes |
| Spreads and Commission | Varies based on account: Spread – from 0.0 pips Commission – From no commission to $6 per lot |
| Example of Spread | BTC/USD – Average spread $35 – $45 |
| Trading Platforms | MetaTrader 4, MetaTrader 5, Webtrader, and VT Markets app |
| Tradable Assets | Over 1,000 |
| Number of Cryptocurrencies | 16 (Bitcoin, ETH, LTC, DOT, and more) |
| Leverage | 500:1 |
| Leverage for Crypto | 333:1 |
| Customer Support | Email, help center, and live chat |
| Demo Account | Yes |
| Educational Content | VT Markets Academy |
| Regulation | ASIC, FSCA, and Mauritius FSC |
8. IC Trading
IC Trading is a broker crypto traders turn to for its high-leverage options, especially when integrated with MetaTrader’s full capabilities. Offering leverage of up to 200:1, IC Trading provides the opportunity to maximize your market exposure, allowing traders to take larger positions with smaller capital. IC Trading offers 21 crypto CFDs, such as Bitcoin, Ethereum, Dash, Litecoin, Ripple, Cardano, Tezos, and ChainLink. The spreads are competitive, with Bitcoin averaging around 42.03 pips and other coins averaging from 0.064 to 11.6 pips.
IC Trading provides advanced risk management tools within MetaTrader, which are essential for crypto traders dealing with the unpredictable nature of digital currencies. Features like negative balance protection, stop-loss orders, and price alerts are seamlessly integrated, giving traders the tools to take on larger positions while mitigating risk. MetaTrader’s user-friendly interface also allows traders to monitor multiple crypto charts at once, ensuring they can react quickly to market shifts.
| Feature | Information |
|---|---|
| MetaTrader 4/5 Available? | Yes |
| Spreads and Commission | Varies based on account: Spread – from 0.0 pips Commission – From no commission to $3.50 per lot |
| Example of Spread | BTC/USD – Average Spread $42.03 |
| Trading Platforms | MetaTrader 4, MetaTrader 5, and cTrader |
| Tradable Assets | Over 2,250 |
| Number of Cryptocurrencies | 21 (BTC, ETH, DOT, LINK, UNI, ADA, and more) |
| Leverage | 500:1 |
| Leverage for Crypto | 200:1 |
| Customer Support | Email, live chat, and phone support |
| Demo Account | Yes |
| Educational Content | Tutorials and blogs |
| Regulation | Financial Services Commission of Mauritius |
9. Pepperstone
Pepperstone has built a strong reputation for its market analysis tools, and this feature integrates seamlessly with MetaTrader. This makes it an excellent choice for traders who rely heavily on technical analysis and data-driven decisions for crypto trading. MetaTrader 4 and 5 on Pepperstone come equipped with all the advanced tools crypto traders need, including customizable indicators, automated trading, and real-time market data, which allow for informed decision-making in a fast-moving crypto market.
The cryptocurrency conditions are one of the best we’ve seen for BTC/USD, with spreads averaging 21.17 and leverage going up to 2:1. However, depending on your account, you can lower spreads to a minimum of 13 pips for BTC. Pepperstone also offers crypto indexes such as Crypto10, Crypto20, and Crypto30 alongside its 21 cryptos, providing more diversification opportunities.
In addition to the comprehensive MetaTrader features, Pepperstone’s standout attribute is its exceptional market analysis. The broker provides insightful crypto market research and reports, which can help traders make better decisions. Having access to such high-quality analysis alongside MetaTrader’s advanced tools ensures you’ve always got a good idea of how the market is anticipated to move.
| Feature | Information |
|---|---|
| MetaTrader 4/5 Available? | Yes |
| Spreads and Commission | Varies based on account: Spread – from 0.0 pips Commission – From no commission to $3.50 per lot |
| Example of Spread | BTC/USD – Average Spread $20.17 |
| Trading Platforms | MetaTrader 4, MetaTrader 5, cTrader, and TradingView |
| Tradable Assets | Over 1,200 |
| Number of Cryptocurrencies | 24 (BTC, ETH, LTC, ADA, LINK, XRP, and more) |
| Leverage | 500:1, 30:1 (EU & Australia) |
| Leverage for Crypto | 2:1 |
| Customer Support | Email and phone support |
| Demo Account | Yes |
| Educational Content | Webinars, educational videos, and trading guides |
| Regulation | FCA, CySEC, ASIC, BaFin, CMA, and DFSA |
10. XM
XM supports both MetaTrader 4 and MetaTrader 5 with a structured crypto offering focused on high leverage and platform accessibility. The broker provides up to 500:1 leverage on some crypto CFDs, with all major pairs like BTC/USD and ETH/USD available through the platform. MT4 and MT5 users can access multiple chart types, 50+ built-in indicators, and automation features such as Expert Advisors for hands-free strategy execution.
Account options include commission-free setups or low-spread models depending on the trader’s preference, and order execution is consistently fast with minimal slippage. Traders can access live market analysis, real-time news, and technical training directly through XM’s education hub. The broker is licensed by several regulators including ASIC, CySEC, DFSA, and the FSC, giving global users access to a stable trading environment through one of the most widely supported platforms in the industry.
| Feature | Information |
|---|---|
| MetaTrader 4/5 Available? | Yes |
| Spreads and Commission | Varies based on account: Spread – from 0.0 pipsCommission – From no commission to $3.50 per lot |
| Example of Spread | BTC/USD – Average Spread $70 |
| Trading Platforms | MetaTrader 4, MetaTrader 5, and XM app |
| Asset Types | Crypto, forex, stocks, indices, and commodities |
| Tradable Assets | Over 1,400 |
| Number of Cryptocurrencies | 58 (BTC, ETH, SOL, ADA, USDT & more) |
| Leverage | 1000:1 |
| Leverage for Crypto | 500:1 |
| Customer Support | Email, live chat, and phone support |
| Demo Account | Yes |
| Educational Content | Educational videos, webinars, platform tutorials, and XM Live |
| Regulation | MNB, CONSOB, ACPR, FIN-FSA, KNF, AFM, BaFIN, CNMV, FI, and CySEC |
How We Tested the Best MetaTrader Crypto Brokers:
At WR Trading, we only want to provide our readers with the best available crypto brokers. Therefore, we followed a strict criteria to ensure only the top options made it into our list. Here are some aspects we focused on:
- MetaTrader Integration
- Range of Cryptocurrencies
- Execution Speed and Reliability
- Spreads and Fees
- Leverage for Crypto Trading
- MetaTrader Customization
- Educational Resources
- Customer Support
- Security and Regulation
MetaTrader Integration
First, we ensured the available crypto brokers can integrate with MetaTrader 4 or 5. This meant looking at how well the platforms handle crypto-specific features, such as charting tools, automated trading options, and the ease of switching between the two MetaTrader versions. Seamless integration was critical for scoring high in this category.
Range of Cryptocurrencies
The number of cryptocurrencies listed is an important factor as new developments and news can swing a coin’s value significantly. Therefore, we made sure each broker provides a great selection of cryptos to capitalize on. We gave higher marks to brokers who offered not just Bitcoin and Ethereum but a wide selection of altcoins.
Execution Speed and Reliability
Crypto markets move fast, so trade execution speed can make or break a strategy. We tested how quickly trades were executed on each broker’s MetaTrader platform, focusing on minimizing slippage and ensuring reliable trade processing during periods of high volatility.
Spreads and Fees
We compared the spreads and trading fees for crypto assets on MetaTrader, as these can significantly impact profitability. Brokers offering lower spreads and transparent fee structures were ranked higher.
Leverage for Crypto Trading
Leverage is a must-have feature for advanced traders, so we ensured that each option we recommended provides a sufficient amount. We focused on brokers that offer high leverage ratios for crypto trading with advanced risk management tools for MetaTrader.
MetaTrader Customization
Customization allows traders to shape the interface to meet their needs, ensuring quick access to the tools and features they rely on the most. Some brokers will offer customizable tools to integrate with MetaTrader to improve the overall trading experience. We checked how well brokers allow users to modify their MetaTrader setup to suit specific crypto trading needs, including the ability to adjust chart layouts, manage multiple trading windows, and configure notifications for market movements.
Educational Resources
We looked at the educational content to see if beginners can follow the guides and begin crypto trading safely and effectively. Brokers offering in-depth tutorials, webinars, and step-by-step guides on trading cryptocurrencies using MetaTrader were ranked higher.
Customer Support
Customer support is an important aspect we made sure to investigate with each broker, especially for crypto traders who need quick solutions in a fast-paced market. We tested the responsiveness and knowledge of support teams through multiple channels, including email, live chat, and phone. Our evaluation focused on how well the support staff could assist with MetaTrader-related queries, such as platform setup, troubleshooting, and crypto-specific issues. Brokers that offered 24/7 support and had dedicated teams for MetaTrader users ranked higher, as we recognize the importance of reliable assistance.
Security and Regulation
Finally, we assessed each broker’s regulatory compliance and security measures. Crypto trading involves significant risk, and we prioritized brokers that are regulated by reputable financial authorities, offering secure trading environments on MetaTrader to protect users’ funds and data.
What Are Popular Cryptocurrencies That Are Available Via MetaTrader?
MetaTrader 4 and 5 allow traders to access various popular cryptocurrencies through CFDs (Contracts for Difference). This means you don’t own the underlying asset, but you can speculate on its price movements. Below are some of the most traded cryptocurrencies available on MetaTrader platforms:
- Bitcoin (BTC)
- Ethereum (ETH)
- Ripple (XRP)
- Dogecoin (DOGE)
- Polkadot (DOT)
To find which broker offers the most Crypto CFDs, we created this list of the best Crypto CFD Brokers.
How to Start Trading Crypto via the MetaTrader:
Getting started with crypto trading on MetaTrader (MT4 or MT5) is straightforward. Follow these steps to begin trading cryptocurrencies on the platform:
- MetaTrader Broker
- Open Account
- Install MetaTrader
- Deposit
- Add Cryptocurrencies
- Place a Trade
Step 1: Choose a MetaTrader Broker
The first step is to select a broker that supports MetaTrader 5 or MetaTrader 4 and offers cryptocurrency trading. Look for a broker that meets your trading needs, such as offering the crypto assets you want, competitive spreads, and reliable customer support. Some of the best brokers we’ve reviewed include BlackBull Markets, FP Markets, and Pepperstone.
Step 2: Open an Account
Once you’ve selected your broker, you’ll need to open a trading account. This involves filling out a registration form, submitting identification documents, and verifying your account. Make sure to choose the account type that allows crypto trading, as some brokers offer different accounts for forex, stocks, and cryptocurrencies.
Step 3: Download and Install MetaTrader
After your account is set up, download the MetaTrader platform from your broker’s website. MT4 and MT5 are usually available for desktop, web, and mobile devices. Follow the installation instructions, and once installed, log in using the credentials provided by your broker.
Step 4: Deposit Funds into Your Account
Next, you’ll need to deposit funds into your trading account. Most brokers offer several deposit methods, such as credit/debit cards, bank transfers, and e-wallets. Be sure to check the minimum deposit requirement for your account type and choose the method that best suits your needs.
Step 5: Add Cryptocurrencies to Your Market Watch
Once logged into MetaTrader, go to the Market Watch window. Right-click within the window and select “Symbols”. From there, you can browse the available assets. Look for cryptocurrencies under the appropriate category, such as crypto or CFDs. Select the ones you want to trade and click “Show” to add them to your Market Watch list.
Step 7: Place a Crypto Trade
To place your first crypto trade, go to the New Order button on the toolbar or right-click the crypto asset from your Market Watch list and select New Order. A trading window will appear where you can specify your trade details, such as the trade size (lot), order type, and stop-loss or take-profit levels. Click Buy or Sell to execute the trade.
What Are The Spreads And Fees In Crypto Trading Via The MetaTrader?
Spreads and fees are important to know beforehand because they directly impact profitability. Since trading costs can vary significantly between brokers, comparing and understanding these fees is important. Therefore, before signing up with a broker, always make sure you understand the cost structure.
This ensures you won’t face unexpected charges affecting your profits, especially if you’re an active or high-frequency trader. Here are the main fees you’ll encounter.
Spreads
Spreads refer to the difference between a cryptocurrency’s bid (buy) price and its ask (sell) price. In crypto trading, spreads can be either fixed or variable and fluctuate depending on the broker and market conditions. The spread represents the broker’s profit from each trade, so tighter spreads are more favorable for traders.
- Fixed Spreads: These remain constant, regardless of market volatility, and are generally higher. While predictable, they might not always be the most cost-effective option during calm market conditions.
- Variable Spreads: These fluctuate based on liquidity and market volatility. When liquidity is high (such as during peak trading hours), spreads tend to tighten. In contrast, during periods of high volatility or low liquidity, spreads can widen, increasing trading costs.
When choosing a broker, pay attention to whether they offer fixed or variable spreads on cryptocurrencies. Some brokers are known for offering tighter spreads on major cryptos, while others might have wider spreads. For instance, FP Markets offers an average spread of 20.43 pips for BTC/USD. This means that traders need the price to move by at least 20.43 pips in their favor to cover the trading cost before they can start profiting.
Commissions
In addition to spreads, some brokers charge commissions on crypto trades. This is usually a flat fee applied to each trade, typically for accounts offering tighter spreads (like ECN accounts). Brokers such as FP Markets and BlackBull Markets may offer commission-based trading accounts where the spreads are nearly zero, but traders pay a per-lot commission.
Pepperstone charges a commission of $3.50 per lot on its Razor account. When trading one lot of BTC/USD, you’ll pay $3.50 per side (opening and closing), in addition to the tighter spreads.
- No-Commission Accounts: These accounts have wider spreads, as the broker’s profit is built into the spread. This structure is common in standard accounts.
- Commission-Based Accounts: Spreads are much tighter here, but a fixed commission is applied to each trade. This can be more cost-effective for high-volume traders during volatile crypto market movements.
Swap Fees
Crypto Traders who hold positions overnight may pay swap or rollover fees, which are interest charges applied to positions that remain open beyond the broker’s daily cut-off time. These fees can differ based on the cryptocurrency being traded and the broker’s policies.
For example, IC Trading calculates swap fees for crypto in percentage form using the formula: Daily closing price x (trade size x swap rate / 100 / 360). Let’s say a trader holds a position in Bitcoin. The daily closing price of Bitcoin is $60,000, the trade size is 1 BTC, and the swap rate is 2%. Using the formula provided by IC Trading, the swap rate would be $3.33 per day.
Certain brokers offer swap-free accounts, which can be an attractive option for traders who follow Islamic trading principles or those who intend to keep positions open for longer durations without incurring extra costs.
Inactivity Fees
While spreads and commissions are the most obvious costs in trading, inactivity fees are often overlooked but can still impact your overall profitability. Brokers may charge inactivity fees if your account remains dormant for a certain period, ranging from a few months to a year. These fees can vary from $10 or more and slowly chip away at your balance if you don’t plan to trade often.
Pros Cons of Using Metatrader for Crypto Trading:
MetaTrader 4 and MetaTrader 5 offer several advantages and disadvantages for crypto traders. Below is a comprehensive table of pros and cons to help you weigh the benefits and limitations:
Pros
- Advanced charting tools with technical indicators
- Customizable interface
- Support for automated trading with Expert Advisors
- Access to a wide range of brokers with cryptocurrencies listed
- High-leverage options available through many brokers
- Multi-platform availability – desktop, web, and mobile
- Free demo accounts to practice crypto trading
- Custom indicators and scripts for technical analysis
- Low minimum deposits with many brokers
- Risk management tools like stop-loss and take-profit
Cons
- Limited number of cryptocurrencies compared to exchanges
- Requires third-party add-ons for some advanced crypto tools
- Swap fees may apply for overnight positions
- Advanced features may be too complex for beginners
- No direct ownership of cryptocurrencies trading via CFDs
- Some brokers have high spreads on crypto
- No native support for decentralized trading or wallets
- Not all brokers support MetaTrader’s full crypto feature set
- Limited fundamental analysis tools specific to cryptocurrencies
- Some brokers may charge additional fees for using advanced MetaTrader features
Is the MT4 or MT5 better for Crypto Trading?
MT4 and MT5 can be great for crypto trading, but MT5 offers more advanced features that make it a stronger choice for most traders today. MT5 supports more order types, faster processing, integrated economic calendars, and access to more trading tools. MT4, on the other hand, is simpler and lighter, making it a solid option for traders who prefer a clean interface and only need the core tools for technical analysis and crypto trading.
Therefore, if you’re planning to run more automated strategies or need to monitor multiple timeframes and asset classes, MT5 will likely be better. If you value speed, simplicity, and compatibility with older Expert Advisors (EAs), MT4 may be enough for your needs. Both platforms are widely supported by brokers, but MT5 is becoming the preferred standard for serious crypto traders.
Here are the main differences between the trading software:
- Chart Timeframes: MT4 gives you 9 standard timeframes such as 1-minute, 15-minute, 1-hour, and daily. MT5 offers 21 timeframes, including rarely used intervals like 2-minute, 8-hour, and 12-hour charts, which help traders analyze crypto price action more precisely.
- Pending Order Types: MT4 supports 4 types of pending orders. MT5 expands this to 6, adding Buy Stop Limit and Sell Stop Limit orders, which allow for layered control when setting up complex crypto trades.
- Strategy Testing Speed: MT4 can only test one currency pair at a time and uses single-threaded processing. MT5 allows multi-threaded testing across multiple pairs, which makes it faster and more accurate when backtesting crypto bots.
- Depth of Market Tool: MT5 includes a Depth of Market feature that shows live buy and sell volumes at specific price levels. MT4 does not offer this, which limits visibility into market liquidity and order flow.
- Built-in Indicators: MT4 comes with 30 built-in indicators. MT5 includes 38 indicators by default and adds 44 analytical objects, offering more options for crypto technical analysis without needing third-party add-ons.
What Are Alternatives for Crypto Trading on MetaTrader?
MetaTrader is one of the most popular platforms for trading cryptocurrency CFDs, but it’s not the only great option available. Several alternative platforms offer different features that may suit traders looking for direct exchange access, modern interfaces, or more specialized crypto trading environments.
TradingView
TradingView is a browser-based charting platform that has become extremely popular for cryptocurrency traders. It supports direct trading through partnered exchanges such as Binance, Bybit, and OKX, allowing users to execute spot and derivatives trades from within the TradingView interface.
Unlike MetaTrader, which connects through brokers offering CFD contracts, TradingView connects traders directly to crypto exchanges, giving access to real-time order books, volume data, and spot pricing. This makes it a great choice for traders who want deeper visibility into actual market activity beyond what CFD brokers provide.
Another major benefit is the platform’s flexible scripting language, Pine Script, which allows users to create their own indicators, strategies, and alerts. TradingView also features a strong social community where traders share ideas, live streams, and public scripts. This interactive ecosystem helps traders improve their analysis and test concepts more visually than MetaTrader allows.
See here the best TradingView Brokers on WR Trading.
cTrader
cTrader is a downloadable desktop platform that supports cryptocurrency CFD trading. Many brokers that offer MetaTrader also support cTrader, making it a natural alternative for users who want a more modern interface without sacrificing access to certain coins. One of cTrader’s strengths is in its depth of market (DOM) features, which offer greater visibility into liquidity and order flow. For crypto CFD traders, this provides additional insight into where large positions may sit in the market, which is not something MetaTrader displays natively.
The platform includes native support for copy trading, integrated algorithmic strategy deployment via cTrader Automate, and a streamlined trading ticket for placing orders efficiently. Those who prefer to analyze multiple timeframes with detailed execution tools often find cTrader more intuitive than MetaTrader.
Bitget Platform
Bitget is a cryptocurrency exchange rather than crypto trading software like TradingView, but it has become a strong alternative for traders who want to move away from derivative-based platforms like MetaTrader. The platform allows direct trading of crypto assets on spot and futures markets using Bitget’s trading interfaces, which comes with charting tools and indicators.
MetaTrader relies on third-party brokers to simulate price movements through CFDs, however, Bitget connects users directly to the underlying exchange infrastructure. This gives access to real cryptocurrency and order books, allowing traders to execute based on actual market depth.
Bitget’s trading terminal includes features like real-time funding rate tracking, adjustable leverage settings, and integrated risk management tools. The platform also supports grid bots, copy trading, and mobile-based account management, making it more appealing to traders who prioritize automation or hands-on control.
Conclusion
MetaTrader’s MT4 and MT5 are sophisticated trading software that gives crypto traders access to powerful tools for analysis and automated trading. All our listed options at WR Trading – e.g. BlackBull Markets, FP Markets, Vantage Markets, Pepperstone, and IC Trading – offer excellent integration for crypto trading with MetaTrader. Each broker has unique benefits that we’ve explored, and all can be tested through the demo accounts provided.
Once again, here is the overview of our Top 10 MetaTrader (MT4/MT5) Crypto Brokers:
- FP Markets – Lowest Spreads on Crypto CFDs and best overall
- Vantage Markets – Provides the Best Crypto-Friendly Bonuses and Promotions
- Moneta Markets – Supports 43 Crypto CFDs with Fast Order Execution
- StarTrader – Easy Setup for Beginners Crypto Trading on MetaTrader
- BlackBull Markets – Provides a Broad Selection of Crypto CFDs on MetaTrader
- PU Prime – Offers Full MetaTrader Suite with Crypto Market Tools
- VT Markets – Has MT4 and MT5 with Clean Interface and Auto-Trading Integration
- IC Trading – Low Crypto Fees with MultipleAccount Types
- Pepperstone – Offers Crypto Analysis Inside MetaTrader Platform
- XM – Has an Advanced Integrated Education Platform for Crypto Trading on MT4/MT5
Frequently Asked Questions on MetaTrader Crypto Broker:
What Are the Best Brokers for Trading Crypto on MetaTrader?
The best brokers for trading crypto on MetaTrader are FP Markets, Vantage Markets, Moneta Markets, StarTrader, and BlackBull Markets. Each broker offers MetaTrader 4 and 5, along with specific features like trading tools, indicators, and alerts.
Can I Trade a Wide Range of Cryptocurrencies With MetaTrader?
Yes, brokers like BlackBull Markets and FP Markets offer a wide range of crypto CFDs on MetaTrader. However, the exact number of cryptocurrencies available will vary by broker, and the list is constantly updated. Always check the asset list to ensure your preferred coins are supported.
Is MetaTrader Suitable for Beginner Crypto Traders?
MetaTrader can be used by beginners, but it may feel overwhelming at first due to its advanced tools and features. Brokers like Vantage Markets offer educational resources to help traders get comfortable. Starting with a demo account is recommended to learn without risking real money.
What Is the Difference Between MetaTrader 4 and MetaTrader 5 for Crypto Trading?
MetaTrader 4 is known for its simplicity and focus on forex trading, while MetaTrader 5 offers more advanced features like additional timeframes and an economic calendar. Both platforms support crypto trading, but MetaTrader 5 tends to provide more flexibility and enhanced tools. The choice depends on your trading needs.
Do MetaTrader Brokers Offer Demo Accounts for Crypto Trading?
Yes, all the brokers mentioned, including BlackBull Markets, FP Markets, and Pepperstone, offer demo accounts. Demo accounts allow you to practice trading without real money and help familiarize yourself with MetaTrader’s tools.
