5 Best MetaTrader (MT4/MT5) Crypto Brokers

Trading cryptocurrencies via MetaTrader 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.

Here’s a quick overview of the top 5 MetaTrader crypto brokers and their standout features:

See the full video comparison of MetaTrader Crypto Brokers here:

List of the 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. BlackBull Markets

BlackBull Markets is our top choice at WR Trading for serious crypto traders who want access to a vast selection of digital assets within the MetaTrader ecosystem. Unlike many brokers that limit crypto offerings to just a few popular coins, BlackBull allows you to trade 40 cryptocurrency CFDs, like Bitcoin, Ethereum, and Cardano. This is perfect for traders looking to diversify their portfolios with lesser-known coins or speculate on more volatile digital assets, which adds a competitive edge.

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.
Asset Types	Forex, commodities, indices, cryptocurrencies, futures, and stock.
Tradable Assets	Over 26,000
Number of Cryptocurrencies	40
What Cryptocurrencies Are Available?	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

2. FP Markets

FP Markets offers one of the most polished MetaTrader experiences for crypto traders, making it our second choice. The broker provides a Traders ToolBox specifically for MetaTrader 4, which offers 12 trading tools to improve the 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 offers a variety of asset types, including cryptos, through MT4 and MT5. Therefore, you can mix asset classes like forex, stocks, indices, commodities, and ETFs to hedge your positions efficiently while trading the 12 cryptocurrencies listed like BTC, ETH, DOT, and others. 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 – Spread 20.43 Pips
Trading Platforms	MetaTrader 4, MetaTrader 5, cTrader, TradingView, IRESS, and WebTrader.
Asset Types	Forex, stocks, indices, commodities, cryptocurrency, and ETFs.
Tradable Assets	Over 10,000
Number of Cryptocurrencies	12
What Cryptocurrencies Are Available?	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.

3. Vantage Markets

Vantage Markets offers crypto traders an ideal balance between advanced trading tools and user-friendly experience on MetaTrader, giving it our 3rd 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 124.2 pips.

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 124.2 Pips
Trading Platforms	Vantage App, MetaTrader 4, MetaTrader 5, TradingView, and ProTrader.
Asset Types	Forex, stocks, indices, commodities, bonds, and ETFs.
Tradable Assets	Over 1,000
Number of Cryptocurrencies	Over 40
What Cryptocurrencies Are Available?	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

4. 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 – Spread 20.17 Pips
Trading Platforms	MetaTrader 4, MetaTrader 5, cTrader, and TradingView
Asset Types	Forex, commodities, indices, cryptocurrency, stocks, and ETFs.
Tradable Assets	Over 1,200
Number of Cryptocurrencies	24
What Cryptocurrencies Are Available?	BTC, ETH, LTC, ADA, LINK, XRP, and more.
Leverage	500:1
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.

5. 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.

Beyond just leverage, 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 – Spread 42.03 Pips
Trading Platforms	MetaTrader 4, MetaTrader 5, and cTrader.
Asset Types	Forex, commodities, indices, stocks, bonds, and cryptocurrency.
Tradable Assets	Over 2,250
Number of Cryptocurrencies	21
What Cryptocurrencies Are Available?	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

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 the 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)

Bitcoin (BTC)

Bitcoin remains the most traded and well-known cryptocurrency globally. Its volatility and liquidity make it a popular choice for traders on MetaTrader platforms. Bitcoin is often the go-to for beginners and advanced traders due to its market dominance and price movement opportunities.

Ethereum (ETH)

Ethereum, the second-largest cryptocurrency by market cap, is also widely available on MetaTrader. Ethereum’s blockchain technology powers many decentralized applications, making its price movements highly attractive for traders who want to benefit from volatility, especially when trading via CFDs.

Ripple (XRP)

Ripple’s XRP is another commonly traded cryptocurrency via MetaTrader platforms. Known for its low-cost cross-border payment solutions, XRP is popular for short-term traders looking to capitalize on frequent price fluctuations.

Dogecoin (DOGE)

Originally created as a joke, Dogecoin has gained immense popularity and is widely traded via MetaTrader. Its price can be incredibly volatile, making it appealing for traders looking to capitalize on quick price swings. Despite its meme status, DOGE remains a top-traded asset on many brokers’ MetaTrader platforms.

Polkadot (DOT)

Polkadot is another popular cryptocurrency available on MetaTrader platforms. It’s known for its innovative technology that allows different blockchains to interoperate. Traders often look to Polkadot for its potential in the crypto space and the speculative opportunities it offers.

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 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.

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.

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:

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 – 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. The right trading broker is essential to save costs and ensure quick order execution.

Frequently Asked Questions on MetaTrader Crypto Broker: