Cryptocurrency trading has risen in popularity in recent years as traders try to profit from the heightened level of price volatility that cryptos provide. Known as the golden standard for forex trading, MetaTrader has also caught the wave, attracting many crypto traders. However, not all brokers that offer MT4 and MT5 provide equal conditions for trading cryptocurrencies.
I noticed that many brokers advertise MetaTrader support but quietly limit crypto availability, offering only a handful of coins like BTCUSD and ETHUSD, capping leverage far below what they advertise, or inflating spreads to levels that make short-term crypto trading unviable.
For this guide, I handpicked only brokers that support MetaTrader 4/5 and provide a solid range of cryptocurrencies, including major coins and altcoins. I also recorded BTCUSD spreads of each broker and compared them to our benchmark. Other things I considered were leverage on cryptocurrencies (I prefer high levels) and crypto options for deposits and withdrawals.
*AvaTrade doesn’t allow CFD trading in Spain; only Futures are available.
Our team of experts has identified brokers’ strengths and weaknesses using FXEmpire’s comprehensive methodology.
Now let’s explore the selected brokers.
Established in 2016, Errante is a top overall broker to consider for crypto trading. Regulated by CySEC and the FSA Seychelles, it offers the ability to trade 32 cryptos from the MT4 trading platform with a maximum leverage of 1:100.
Key Features:
During our live test, I found that you can trade on 26 cryptocurrencies from the MT4 platform with Errante. This includes major coins such as Bitcoin (BTC/USD) and Ethereum (ETH/USD), as well as other coins like Uniswap (UNI/USD), Polkadot (DOT/USD), and more. If trading from MT5, only BTC, ETH, BCH, LTC, and XRP coins are available, with a maximum leverage of 1:20 when trading with Errante’s global entity, regulated by the FSA Seychelles.
I also discovered that with this entity, you can access leverage on all 26 cryptocurrencies from MT4 of up to 1:100. This means you can open a position 100 times larger than the amount you put up for the trade. For example, you can open a $100,000 crypto position with only $1,000. However, I found this leverage is capped at 2 lots (200,000 units of currency traded). After this, the maximum leverage falls to 1:20.
Another excellent crypto trading feature from Errante is that you can deposit in BTC, ETH, XRP, or USDT with 0% fees. There is a minimum deposit of the equivalent of 50 USD, but processing times range from 2 hours to 10 minutes. Crypto withdrawal fees range from 1 USD to 2 USD and are processed within 1 working day, making Errante a top overall MetaTrader crypto broker.
FXTM was founded in 2011 and is headquartered in Mauritius. It offers over 1,460 CFDs covering forex, indices, commodities, cryptocurrency, and share CFDs. Crypto traders can trade from multiple trading platforms and access high crypto leverage of up to 1:1000.
Key Features:
FXTM offers high leverage of up to 1:1000 on crypto pairs. This means you can open a position worth 1,000 USD using only 1 USD. The leverage is even higher for fiat forex pairs, up to 1:2000. Note that leverage amplifies both winning and losing trades, so it should be used carefully.
We found the average spread for Bitcoin was $152.38 during peak market sessions, which is significantly higher than the $34 industry average. So if you don’t mind paying more for such high leverage, GXTM is your go-to option.
The broker gives access to 1,460 CFDs, including 31 crypto CFDs that are available on the MT4, MT5, and FXTM Trader App. The broker also offers the Pro Trading Tools plugin for MetaTrader, which integrates market research, extra analytical tools, and additional charting options directly into the platform, rounding out a good MetaTrader package for crypto trading.
Capital.com is a Cyprus-based forex and CFD broker that was founded in 2016. What stood out most to me when I reviewed it was the vast array of crypto assets. With its 543 cryptocurrency pairs, Capital.com offers traders unprecedented flexibility to exploit different trading opportunities.
Key Features:
Capital.com is a great choice for cryptocurrency trading because it achieves ultra-fast order execution speeds averaging around 25 milliseconds. This is particularly useful for precision trading in such highly volatile markets. Additionally, I discovered that Capital.com has issued a ‘best execution policy’ that guarantees optimal price quotes under prevailing market conditions.
I opened a CFDs Leverage trading account with the broker, which features commission-free trading and floating spreads from 0.6 pips. This combination, in general, falls below the industry average. I also recorded a BTCUSD spread of $50, which exceeds the industry benchmark.
Another area in which Capital.com excels is with respect to its platforms and tools offering. Traders can choose between the renowned MetaTrader 4, MetaTrader 5, Capital.com’s proprietary platform, and the seamless TradingView. The platforms afford advanced charting capabilities and can be used to carry out sophisticated technical analyses.
Established in 2019, Moneta Markets provides a good range of cryptos with low spreads. The broker is regulated by the FSCA, with one unregulated entity based in St. Vincent and the Grenadines (SVG). I found that it provides flexibility to trade 59 cryptos on advanced platforms with decent leverage and competitive fees.
Key Features:
In our broker rating reviews, we consider competitive crypto spreads range from $20 to $40. During our live test for Moneta Markets, I found that the spread for BTC/USD during the New York trading session averaged $18.01, which is very tight compared to the benchmark. Furthermore, there are also no commissions charged on this, making it an excellent offering.
Another interesting feature I discovered is the ability to trade 59 cryptocurrencies from the MT4, MT5, and ProTrader trading platforms. The MetaTrader platforms provide excellent charting features and can be used on desktop, web, and mobile. The desktop version comes with algorithmic trading capabilities, which can be a good combination with Moneta Markets’ low crypto spreads and high leverage of 1:1000 (CMA UAE).
FxPro is a global leader in the online trading industry. Founded in 1999 (rebranded 2003) and headquartered in the United Kingdom, FxPro stands out with its fast order execution speeds, robust platforms and trading tools, fair prices, and comprehensive research materials. Crypto traders with FxPro can stay on top of current market developments with the broker’s excellent news screener, specially geared towards the crypto market.
Key MetaTrader Crypto Trading Features:
I found FxPro’s research content particularly nuanced. The broker’s market breakdowns utilize both technical and fundamental analysis, offering crypto traders a balanced overview of currently unfolding trading opportunities.
In addition to its proprietary trading platform, FxPro incorporates the standard suites of MetaTrader 4 and MetaTrader 5, which are a good choice for crypto traders thanks to their easy order execution. Crypto traders can also enhance their performance by utilizing FxPro’s VPS hosting for low-latency trading.
I carried out my tests on FxPro’s Standard account. It features commission-free trading and floating spreads from 1.2 pips. I discovered that the broker’s Bitcoin spread fluctuates around $87.36. More competitive conditions are available with FxPro’s Raw and Elite accounts.
Founded in 2009 and headquartered in Australia, Vantage is a great choice for scalping and crypto trading thanks to its low costs, versatile platforms, great supporting tools, and robust market research.
Key MetaTrader Crypto Trading Features:
I discovered that Vantage offers 62 major and minor crypto pairs denominated in various currencies: USD, JPY, and EUR. Additionally, the broker charges low crypto spreads and offers BTC and ETH as account-based currencies.
I also concluded that Vantage is a great choice for scalping because it incorporates three highly versatile platforms that feature limit orders, one-click trading, and low timeframes—all necessary for high-frequency trading.
Moreover, the broker provides free Virtual Private Server (VPS) hosting for low-latency trading. The service can be used to achieve ultra-fast order execution speeds averaging 5 milliseconds and stable internet connectivity. It is available for free to funded accounts with at least $1000 and a notional traded volume of at least $0.5 million per month.
AvaTrade is an Ireland-based derivatives broker that was founded in 2006. It is tightly regulated and offers access to 1450+ assets across different markets. Professional traders would appreciate the choice between CFD contracts and vanilla options and low-latency trading via AvaTrade’s VPS hosting. The broker also incorporates the Guardian Angel for enhanced MetaTrader performance.
Key Features:
AvaTrade’s professional account is available to seasoned traders who have sufficient experience (at least two years of trading OTC derivatives), have executed sufficient trading volume in the past year, and have a financial instruments portfolio of at least EUR 500,000.
I conducted my tests on the Ava Web Trader platform, which is feature-rich and comprises over 100 analytical tools and other chart configurations. The platform is suitable for carrying out advanced technical analysis because its charts are fluid and extremely detailed.
I also discovered that the broker accommodates commission-free trading, floating spreads, and swaps that fall below the industry average. I thus concluded that AvaTrade’s pricing mechanism is quite suitable for longer-term trading (swing and position trading) and for the execution of large trading volumes.
Established in 2014 and regulated by the FSA Seychelles and FMA New Zealand, BlackBull Markets offers a range of excellent trading tools for crypto traders. I discovered that you can trade 27 major cryptocurrencies using MT4, MT5, TradingView, and BlackBull Trade platforms. Additionally, you can access advanced market analytics and social trading platforms such as ZuluTrade and Myfxbook.
Key Features:
During our live test, I found that the average spread for BTC/USD during the New York session averaged $8.48 from the MT4 Standard account. This is actually the lowest Bitcoin spread in this list of brokers, so I’d definitely recommend BlackBull for cost-conscious crypto traders.
I also discovered you can access a wide range of trading tools. In addition to the MT4, MT5, TradingView, and BlackBull Trade trading platforms, you can use copy trading plugins from ZuluTrade and Myfxbook. For algorithmic traders, BlackBull offers the use of a VPS and FIX API for direct market access.
When exploring the BlackBull’s website, I also found a range of crypto tutorials for beginner, intermediate, and advanced traders. The modules are short articles that cover the history of crypto, its correlation to other asset classes, and crypto trading strategies and indicators to use. While the articles are very short, there are some interesting topics that are well worth exploring.
Established in 2015, VT Markets offers a good range of products tailored for beginner traders. The broker is regulated by the FSCM (Mauritius), CMA UAE (United Arab Emirates), FSCA (South Africa), and has one unregulated entity based in St. Vincent and the Grenadines (SVG). I discovered that with VT Markets, you can trade 59 cryptos using either a live or demo trading account and access a substantial selection of educational articles on how to use MT4.
Key Features:
During my live test, I found that the average spread for BTC/USD during the New York session was $18.09, which is considered low compared to the industry average. There are also zero commissions to buy and sell on the Standard account and zero deposit fees in Bitcoin.
Beginner traders may find the demo account useful, as it allows you to trade in a risk-free environment. This can help to gain experience in navigating the MetaTrader platforms. Although these are considered the go-to crypto and forex platforms, there is a learning curve to using them. I found that VT Markets provides a decent flow of webinars and educational videos, covering a wide variety of trading topics. However, the broker lacks written content like articles, guides, and e-books.
I also discovered that VT Markets provides access to a suite of tools from Trading Central. This includes a Featured Ideas section, which offers real-time trading ideas and may be useful for beginner traders looking to build confidence. With a low minimum deposit of $100, there is a range of features suitable for beginner crypto traders.
The team of forex and CFD writers and editors at FX Empire is composed of trading industry professionals and seasoned financial journalists. Our writers have been published on leading financial websites such as Investopedia and Forbes. In addition, they all have extensive trading experience.
Dan Blystone began his career in the trading industry in 1998 on the floor of the Chicago Mercantile Exchange. Later, Dan gained insight into the forex industry during his time as a Series 3 licensed futures and forex broker. He also traded at a couple of different prop trading firms in Chicago. Dan is well-equipped to recommend the best forex brokers due to his extensive experience and understanding of the brokerage industry.
Jitan Solanki is a professional trader, market analyst, and educator. He day trades major currency and index markets and focuses on swing trading US equities and commodities. A qualified Market Technician, Jitan also works with trader education and brokerage companies on various projects. These include market analysis, live trading events, and broker reviews. As an experienced trader and educator, Jitan brings all his qualities in action when reviewing and recommending brokers.
Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. Plamen’s favourite trading instruments include FX majors and gold. He earned a Bachelor's degree in Economics and International Relations. Plamen's broad experience has equipped him with the expertise to recommend the best forex brokers.
In more than 15 years of trading in the financial markets, Vladimir dealt with a wide range of brokers and financial instruments. His career as a day-trader at a proprietary trading firm goes back to 2007. Later, Vladimir turned to longer time frames and became an independent trader and analyst managing his own portfolio. Using his experience, he helps traders find the best broker in his reviews.
Leveraging years of hands-on experience, Soban provides in-depth reviews of proprietary trading firms, carefully evaluating their models, rules, and impact on traders.
At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions.