MetaTrader Platform

How to Trade Crypto on MetaTrader 4 & 5: Strategies, Tips & Top 10 Brokers

Cryptocurrencies have facilitated novel opportunities for individuals to participate in trading and investment activities. An integral tool employed in the context of cryptocurrency trading is the MetaTrader platform.

This article by Finestel will explicate the nature of MetaTrader, its origins, the manner in which it is utilized for cryptocurrency trading, and the principal features of the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms specifically tailored for crypto trading. Additionally, this discourse will examine the functionality of Crypto MetaTrader and provide a comparative analysis of leading crypto brokers offering this platform to traders.

Definition of Crypto MetaTrader and its Origins

The MetaTrader platform, developed by MetaQuotes Software, has garnered significant popularity as a trading interface. Initially conceptualized for the Forex market, the platform has since expanded its functionalities to accommodate cryptocurrency trading.

The terminology “Crypto MetaTrader” (encompassing Crypto MetaTrader 4 and Crypto MetaTrader 5) denotes the utilization of the MetaTrader platforms for the purposes of cryptocurrency trading. It does not represent a distinct product, but rather a specific application of the existing MetaTrader platforms to facilitate the buying and selling of crypto-based assets.

Definition of Crypto MetaTrader and its Origins

The original MetaTrader platform was released in the year 2000. Five years later, the MetaTrader 4 (MT4) iteration was introduced, which significantly enhanced the online trading experience through its powerful and user-friendly interface.

As cryptocurrencies began to gain widespread traction, traders sought to leverage the well-established MetaTrader platform to engage in these novel financial instruments. Consequently, in 2010, the MetaTrader 5 (MT5) iteration was unveiled, and it has since become a favored choice among cryptocurrency traders.

The Role of MetaTrader in the Cryptocurrency Market

The MetaTrader platform holds a position of paramount significance within the cryptocurrency market. It provides traders with an array of valuable tools to facilitate the trading of digital currencies. These tools empower traders to analyze the market effectively and execute trades with ease.

Numerous cryptocurrency brokers have adopted the MetaTrader platform, recognizing it as a robust and reliable trading interface. Traders, in turn, are drawn to the simplicity and comprehensiveness of the MetaTrader platform, as it furnishes them with the essential features required for the efficient buying and selling of cryptocurrencies.

Wide Range of Trading Features

One of the key advantages of using MT4 and MT5 for cryptocurrency trading is the wide range of trading features they offer. Traders can access a variety of technical indicators, charting tools, and customization options, enabling them to fine-tune their trading strategies and make informed decisions. Additionally, the platforms’ support for automated trading, through the use of Expert Advisors, allows traders to leverage algorithmic-based trading systems to potentially improve their trading efficiency and consistency.

Covering Multiple Asset Classes

Another critical factor that has contributed to the popularity of MT4 and MT5 among crypto traders is the platforms’ ability to handle multiple asset classes, including digital currencies. This multi-asset trading functionality allows traders to seamlessly transition between different markets, such as forex, stocks, and cryptocurrencies, all within a single, familiar interface. This versatility is particularly valuable for traders who participate in cross-market strategies or seek to diversify their portfolios.

Furthermore, the extensive ecosystem surrounding MT4 and MT5 has made these platforms even more attractive to crypto traders. The availability of a wide range of third-party indicators, signals, and plugins allows traders to integrate additional tools and services into their trading workflow, enhancing their overall trading experience. Additionally, the fact that many cryptocurrency brokers and exchanges offer MT4 and MT5 as their primary trading platforms has made it easier for traders to access and trade digital currencies through these well-supported and widely-used platforms.

Key Features of MetaTrader Platforms (MT4 and MT5) for Crypto Trading

Key Features of MetaTrader Platforms for Crypto Trading

The MetaTrader platforms offer a wealth of practical and user-friendly tools and features that cater specifically to the needs of cryptocurrency traders. These platforms provide traders with a comprehensive suite of analytical and trading functionalities, enabling them to navigate the dynamic cryptocurrency market with greater efficiency and effectiveness. Here are some of them:

  • Charting Tools: MetaTrader has great charts to look at prices over time. Traders can add many signs and lines to see trends.
  • Trading Robots: Traders can make robots to trade automatically. These robots follow rules for buying andselling based on the market.
  • Order Types: Traders can buy or sell quickly at the current price or they can set a price to buy or sell in the future.
  • Multiple Accounts: Traders can watch many markets at the same time. This helps see opportunities across different cryptocurrencies.
  • Security Features: MetaTrader has robust security measures like data encryption and two-factor authentication. It also uses secure protocols to safely transmit data, protecting traders’ personal and financial information at all times.
  • Mobile Trading: MetaTrader provides mobile apps that offer the same capabilities as the desktop platform. Traders can monitor markets, execute trades, and even utilize automated trading strategies (EAs) on-the-go ensuring they never miss an opportunity.
  • Customizable Interface: Traders can customize the MetaTrader interface to suit their preferences. They can arrange charts, indicators, and other tools in a layout that enhances their trading workflow and efficiency.

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How Crypto MetaTrader Works

Now, let us examine the workings of Crypto MetaTrader. Here is a step-by-step guide on setting up an account, executing trades, and exploring the various trading tools and indicators available on the platform.

Step-by-step guide on setting up a Crypto MetaTrader account

Setting up a Crypto MetaTrader account is a straightforward process. You need to follow these steps:

  1. Choose a Broker: The first step is to choose a broker that offers cryptocurrency trading on the MetaTrader platform. The broker must be reputable and regulated by a recognized financial authority.
  2. Download and Install MetaTrader: Once you’ve chosen a broker, you’ll need to download and install the MetaTrader platform. You can do it either from the broker’s website or the official MetaTrader website.
  3. Open an Account: After installing MetaTrader, launch the platform and click on ‘File’ then ‘Open an Account’. Then you need to enter your personal details and trading preferences.
  4. Verification: Depending on the broker, you may need to verify your identity by providing a copy of your identification documents.

Congratulations! Your account is ready to use!

How to Execute Trades on MetaTrader Platforms

Executing trades on MetaTrader platforms involves a series of actions. Here’s a step-by-step guide:

  1. Deposit Funds: Once your account is verified, you can deposit funds into your trading account. Most brokers offer various deposit methods, including bank transfer, credit/debit card and even cryptocurrency. So, You can add crypto to MetaTrader 5 as well as MetaTrader 4.
  2. Select a Trading Pair: From the ‘Market Watch’ window, select the cryptocurrency pair you wish to trade. Right-click on it and select ‘Chart Window’ to open a live chart of the pair.
  3. Analyze the Market: Use the various tools and indicators available on MetaTrader to analyze the market. This could involve studying price trends, volumes, and other relevant factors.
  4. Place an Order: Once you’ve decided on your trading strategy, it’s time to place an order. Click on the ‘New Order’ button on the toolbar. A window will appear where you can set the details of your order.
  5. Set Order Details: In the ‘New Order’ window, select the type of order (Market Execution or Pending Order). Enter the volume of your trade, and if applicable, set your Stop Loss and Take Profit levels.
  6. Execute the Trade: After reviewing your order details, click on the ‘Sell by Market’ or ‘Buy by Market’ button to execute the trade. Your order will be processed, and if successful, it will appear in the ‘Trade’ tab in the ‘Terminal’ window.

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Explanation of Trading Tools and Indicators Available on MetaTrader

The MetaTrader platforms offer a multitude of trading tools and indicators that can enhance the overall trading experience. The following provides an overview of some of the key features available:

  1. Charts: MetaTrader offers three types of charts: line, bar, and candlestick. These charts provide a visual representation of price movements over a specific period, helping traders identify trends and patterns.
  2. Timeframes: MetaTrader provides nine different timeframes, ranging from one minute (M1) to one month (MN). This allows traders to analyze price movements over different periods, catering to both short-term and long-term trading strategies.
  3. Technical Indicators: MetaTrader comes with 30 built-in technical indicators, including trend indicators (like Moving Averages), oscillators (like the Relative Strength Index), and volumes. These indicators help traders predict future price changes based on historical data.
  4. Drawing Tools: MetaTrader provides various drawing tools, such as lines, channels, and Fibonacci retracements, which traders can use to mark important price levels or chart patterns.
  5. Expert Advisors (EAs): EAs are automated trading systems that can execute trades based on predefined criteria. They can be created using the MetaQuotes Language (MQL). EAs let traders develop custom trading strategies.
  6. Scripts: Scripts are programs that perform a single defined action, such as closing all open positions. They can be used to automate repetitive tasks, saving traders time and effort.
  7. Strategy Tester: The Strategy Tester allows traders to test their EAs on data from the past. This helps traders optimize their strategies before using them in the live market.

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Best Crypto MetaTrader Brokers/Platforms

Here are some of the best MetaTrader platforms:

1. Errante


Errante is a multi-regulated broker, by which you can buy and sell crypto on mt4. It supports a long list of crypto assets including Bitcoin, Ethereum, Litecoin, Ripple, and many more. It stands out with its policy of no fees on deposits and withdrawals.

For MetaTrader users, Errante provides a wealth of features such as over 38 technical indicators, unlimited charts, 44 analytical objects, and the ability to use Expert Advisors for algorithmic trading. Additionally, it offers 21 timeframes and an inbuilt forex calendar. One of its key strengths is its fast execution and ultra-low latency datacentre co-location. Notably, there is no requirement for a virtual wallet, making it a strong choice for traders in the crypto market.

2. Avatrade


AvaTrade, founded in 2006, is a regulated broker offering various platforms including crypto metatrader 5. It offers great educational resources and a user-friendly interface. Cryptocurrencies like Bitcoin and Ethereum are available for trading with CFDs. Its fees include spreads and commissions. A unique feature of Avatrade is the ability to copy experienced traders through AvaSocial.

3. JustMarkets


JustMarkets is a global broker that specializes in providing a variety of cryptocurrencies for trading. This focus on cryptocurrencies allows it to offer a wide range of options for traders interested in this specific market. The broker charges a commission of 3 units of the base currency per lot per side, which is competitive in the industry.

For users of the MetaTrader platform, JustMarkets offers several unique features. It provides 21 timeframes, which gives traders a high degree of flexibility when analyzing market trends.

JustMarkets supports the use of over 80 analytical tools and technical indicators. These tools can be extremely useful for traders who rely on technical analysis to make their trading decisions. The ability to use these tools directly within the MetaTrader platform can greatly enhance the trading experience. You can buy and sell many different crypto assets like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Polygon (MATIC) on it.

4. Exness


Exness is a globally recognized broker that offers trading solutions to businesses. It is known for its fast execution and low latency. It offers a wide range of cryptocurrencies for trading, including Bitcoin, Ethereum, and Litecoin. The platform supports MetaTrader 4 and MetaTrader 5. Exness is known for its competitive trading conditions with commission-free cryptocurrency trading. The broker also provides a good range of educational content and useful trading tools.

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5. is a popular trading platform that offers metatrader for crypto. You can buy and sell various cryptocurrencies like Bitcoin, Ethereum, Cardano, Dogecoin, and TRON. This platform is easy to use, clearly shows the fees, and has strong security features like two-factor authentication. offers competitive prices on crypto trading products, making it a good choice if you want to invest in different cryptocurrencies. However, it does not currently support the MetaTrader 5 trading program. The platform also offers MT4 demo account, which is really helpful for beginners.

6. Moneta Markets


Moneta Markets is a global broker lets its users trade crypto on MetaTrader 5. It charges a commission of $3 per lot per trade. For MetaTrader users, it provides powerful charting with 40+ built-in indicators and the ability to code custom indicators and automate trading systems. This makes it a strong choice for traders in the crypto market. Please note that while Moneta Markets offers a wide range of cryptocurrencies, the specific cryptocurrencies available may vary, so it’s recommended to check their website for the most current offerings.

7. FXOpen


FXOpen is a well-established broker that offers trading on a variety of assets, including cryptocurrencies by MetaTrader. It supports both MetaTrader 4 and MetaTrader 5 platforms, providing traders with a versatile trading environment.

FXOpen is known for its fast execution and low latency. It offers competitive trading conditions with tight spreads and high leverage. The broker also provides a good range of educational content and useful trading tools.

In terms of cryptocurrencies, FXOpen offers a variety of crypto CFDs. Some of the top cryptocurrencies available for trading on FXOpen include Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP). For the list of available cryptocurrencies, you can check this MetaTrader 5 crypto broker.

8. BlackBull Markets


BlackBull Markets, founded in 2014, is a New Zealand-based broker that offers a variety of cryptocurrencies including Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ripple, Dogecoin, Cardano, Polkadot, Chainlink, EOS, and Stellar. It charges no account fees, and deposits and withdrawals are free. For MetaTrader users, it provides one-click trading, EA functionality, and 9 timeframes. It also offers ultra-fast execution speeds, which is a critical advantage for many traders.

Compared to its competitors, BlackBull Markets provides higher leverage options and a more comprehensive range of educational resources. It also supports multiple third-party copy trading platforms and has an excellent range of trading products and services for both retail and crypto institutional investors.


The MetaTrader platform, encompassing its MT4 and MT5 iterations, is a pivotal tool within the cryptocurrency trading domain. It offers a resilient and user-friendly interface that facilitates efficient trading practices. The platform’s significance is derived from its advanced features, including automated trading systems, real-time market data, and a plethora of technical indicators. These comprehensive tools empower traders to make informed decisions, manage risks effectively, and maximize their profitability. In the inherently volatile world of cryptocurrencies, MetaTrader’s suite of features and capabilities position it as an indispensable ally for traders.

The selection of the appropriate MetaTrader broker is a crucial consideration for successful crypto trading. Each broker presents unique features and benefits, and a thorough understanding of these can assist traders in making informed decisions and enhancing their overall trading experience. The importance of this selection process cannot be overstated, given the dynamic and volatile nature of the cryptocurrency trading landscape.

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