n this comprehensive guide, we will walk you through the ins and outs of MetaTrader 4 (MT4), the popular trading platform that has won the hearts of millions of traders worldwide

Are you ready to enter the world of online trading but overwhelmed by the plethora of trading platforms available? Fear not; we have just the solution for you. In this comprehensive guide, we will walk you through the ins and outs of MetaTrader 4 (MT4), the popular trading platform that has won the hearts of millions of traders worldwide. By the end of this guide, you will have a solid understanding of what is MT4 trading platform and be ready to harness its powerful features to enhance your trading experience.

From its user-friendly interface to its advanced technical analysis tools, MT4 has everything you need to succeed in the forex market. Whether you’re a newbie trader or a seasoned pro, this platform caters to your every need. So, let’s dive into the world of MT4 and discover how it can help you up your trading game.

MetaTrader 4 is an electronic trading platform used extensively by retail foreign exchange traders who use Metatrader 4 for their online forex trading needs. Specifically designed for forex trading, it was developed by MetaQuotes Software. MT4 has stood the test of time and become the go-to forex trading platform for millions of traders worldwide. The popularity of MT4 stems from its versatile and feature-rich metatrader platform, welcoming traders of all skill levels. While MetaTrader 5 is also available, many traders continue to prefer the tried-and-true MetaTrader 4 for their forex trading needs.

Although MT4 is primarily a forex trading platform, it accommodates the trading of CFDs, cryptocurrencies, and more. With its advanced tools and features, such as market and pending orders, instant execution, and trading from a chart, MT4 enables traders to make well-informed trading decisions and execute trades seamlessly. Moreover, its user-friendly interface and customizable charts and indicators make it easy to navigate and adapt to the ever-changing forex market.

MetaQuotes Software, the company behind MT4, has been at the forefront of trading technology since its inception in 2000. With a mission to provide innovative and reliable trading software, MetaQuotes developed MT4 in 2002, and it quickly gained traction among forex traders. The platform is recognized for its powerful and customizable features, allowing traders to tailor their trading experience to suit their individual needs.

One of the standout features of MT4 is its built-in scripting language, the MQL Language, which enables traders to program:

This level of customization is a significant advantage for traders looking to develop unique trading strategies or automate their trading systems.

Furthermore, MT4 supports various chart types, including Candlestick, Line, Heikin Ashi, and Renko charts, which can be used in conjunction with automated trading systems.

As mentioned earlier, MT4’s primary focus is on forex trading, making it an ideal platform for those looking to capitalize on the lucrative world of currency trading. With its user-friendly interface, advanced charting tools, customizable indicators, and automated trading capabilities, MT4 has become a reliable and popular choice for forex traders.

Beyond forex trading, MT4 extends its support to other financial instruments, including CFDs, cryptocurrencies, and commodities. This versatility means traders can diversify their portfolios and manage risk more effectively. Moreover, MT4’s extensive community of traders and developers offers a wealth of resources and expert advisors, allowing traders to learn from the experiences of others and improve their trading strategies while trading forex.

The MT4 platform, celebrated for its comprehensive array of features, caters to the needs of traders across all skill levels. At its core, MT4 provides a user-friendly interface, comprehensive technical analysis tools, and automated trading through Expert Advisors.

Regardless of your trading experience, MT4’s intuitive interface simplifies navigation and provides easy access to the tools essential for success. Furthermore, its advanced technical analysis tools include:

These tools allow you to make informed stock trading decisions based on in-depth market analysis.

One of the many reasons traders choose MT4 is its user-friendly interface, which is designed to be intuitive and customizable, providing ease of navigation and use for traders of all experience levels. The interface offers quick access to essential tools and features, such as:

Moreover, the MT4 platform’s design consists of elements such as:

With the convenience of online trading, it has become easy for traders to manage their trades and monitor their account balance in real-time.

Additionally, the integration of Expert Advisors (EAs) in MT4 allows for automated trading, increasing efficiency and speed of trade execution.

The MT4 platform offers a variety of advanced technical analysis tools, including:

These tools are essential for traders looking to gain valuable insights into financial markets trends and make informed decisions based on their trading history.

With its interactive charts, MT4 allows traders to:

The platform’s real-time charting and analysis tools enable traders to make well-informed decisions based on the analysis of price activities and the signals generated by the indicators.

Expert Advisors (EAs) are automated trading programs within the MT4 platform that allow traders to execute trades without manual intervention. By utilizing scripts uploaded to the platform, EAs enable automated trading by executing instructions based on the parameters set by the user. These algorithms can either alert the user or open positions automatically, providing a more efficient trading experience.

In addition to the built-in EAs, the MT4 platform allows users to:

Before you can start trading with MT4, you’ll need to set up a trading account. This process involves opening a demo account to familiarize yourself with the platform and practice trading without risking real money. Once you’re comfortable with the platform and have honed your trading skills, you can transition to a live account and start trading with real funds.

This section will guide you through setting up your MT4 trading account, beginning with a demo account before moving onto a live account. By following these steps, you’ll be well on your way to trading success with MT4.

Opening a demo account on MT4 is an excellent way for new users to familiarize themselves with the platform and practice trading without risking real money. With a demo account, you can gain access to the platform’s full range of features and tools, allowing you to develop your trading strategies and test them in a risk-free environment.

Demo accounts usually offer ideal trading conditions, such as rapid execution, no slippage, and no real-time spreads. While these conditions may not be identical to live trading, they provide a good understanding of the platform and its capabilities. By practicing with a demo account, you can build your trading confidence and prepare yourself for the challenges of live trading.

Once you’ve gained sufficient experience and confidence with a demo account, it’s time to transition to a live account and start trading with real money. This process involves creating a live MT4 account with your chosen broker, depositing funds, and configuring the MT4 platform for live trading.

Keep in mind that the fees associated with opening a live MT4 trading account may vary depending on the brokerage firm. Some firms may offer zero commissions and include fees in the spread, while others may have specific fees for trading on the MT4 platform. We recommend verifying the exact fees and charges with your chosen broker before transitioning to a live account.

Now that you have your MT4 trading account set up, it’s crucial to familiarize yourself with the platform’s various features and functions. This section will delve into the basics of navigating the MT4 platform, including monitoring the market, executing orders, and personalizing charts and indicators.

Mastering the platform navigation will enable you to make informed trading decisions and manage your trades with efficiency. So, let’s take a closer look at the essential features of the MT4 platform and how to navigate them.

The Market Watch feature on the MT4 trading platform is a window that displays the securities (symbols) for which the platform receives quotes from the server. It provides pertinent information, such as the symbol name, bid and ask prices, allowing traders to effectively monitor and analyze the available assets for trading.

In addition to currency pairs, the Market Watch window also provides access to other trading instruments such as:

This wide range of trading instruments ensures that you have ample opportunities to diversify your portfolio and manage risk effectively.

Customizing the currency pairs displayed in the Market Watch window is also possible, allowing you to focus on the assets that align with your trading strategy.

Placing orders and managing trades on MT4 involves using various order types, setting stop-loss and take-profit levels, and monitoring open positions. To place an order, simply follow these steps:

Managing trades in the MT4 platform is equally important. Press Ctrl + T to monitor your open positions and pending orders in the ‘Terminal’ window. Alternatively, select ‘View’ in the toolbar followed by ‘Terminal’. This window provides you with all the necessary information to manage your trades effectively and make any necessary adjustments to your positions.

Customizing charts and indicators on MT4 allows traders to personalize their trading experience and adapt the platform to their specific needs. The platform offers a range of customizable features, such as chart types, timeframes, and technical indicators, which can be edited or removed according to the trader’s preferences.

Adding a new indicator to a chart is as simple as navigating to the ‘Custom Indicators’ section in the Navigator panel and dragging the desired indicator onto the chart. Customizing the appearance of the charts is also possible, allowing you to:

By tailoring the popular trading platform to your needs, you can ensure a more efficient and enjoyable experience on various trading platforms, including the implementation of a suitable trading system.

In the brisk pace of the modern world, the capacity to trade on-the-go has become a necessity for numerous traders. With the MT4 mobile app, you can:

In the following sections, we’ll explore the features of the MT4 mobile app and discuss its compatibility with iOS and Android devices. By harnessing the power of mobile trading, you can stay connected to the market and manage your trades anytime, anywhere.

The MT4 mobile app offers a range of features designed to provide a convenient and efficient trading experience. These features include:

In addition to these features, the app also supports adding, editing, and removing technical indicators, allowing you to conduct in-depth market analysis and make informed trading decisions on-the-go. With the MT4 mobile app, you can stay connected to the market and manage your trades with ease, ensuring that you never miss a trading opportunity.

Compatibility with iOS and Android Devices

The MT4 mobile app is designed to be compatible with a wide range of devices, ensuring that you can trade on-the-go regardless of your preferred operating system. The app is compatible with both iOS and Android devices, providing a smooth trading experience on various smartphones and tablets.

For iOS users, the MT4 app requires a minimum iOS version of 7.0 or later and is compatible with iPhone, iPad, and iPod touch. Android users, on the other hand, require a device running Android 4.0 or higher to use the MT4 mobile app. With this level of compatibility, you can enjoy a seamless trading experience across a wide range of devices.

Enhancing MT4 with Add-ons and Third-Party Tools

While MT4 offers a comprehensive suite of features and tools out-of-the-box, you can further enhance your trading experience by integrating add-ons and third-party tools. These tools can provide additional functionality, such as advanced technical analysis, automated trading, and copy trading, to help you make the most of your trading experience.

This section will examine some of the add-ons and third-party tools that can be integrated with MT4, such as the MetaTrader Market and trading signals. By leveraging these tools, you can take your trading to new heights and unlock even greater potential in the forex market.

The MetaTrader Market is an integrated feature that allows users to purchase trading tools directly within the platform. It offers a vast selection of products, including:

These tools cater to the needs of various traders, allowing them to enhance their trading experience and improve their strategies.

In addition to trading robots and indicators, the MetaTrader Market also offers:

The market also features ratings and reviews, helping users make informed decisions when purchasing add-ons and third-party tools.

Trading signals and copy trading on MT4 enable traders to subscribe to signals from other traders, automatically copying their trades and strategies. This feature allows users to capitalize on the proficiency and success of other traders without having to personally analyze the market or generate trading decisions.

By subscribing to trading signals on MT4, you can access thousands of signals, both free and paid, with varying levels of profitability and risk that are available for both demo and real accounts. This offers a great opportunity for traders looking to diversify their strategies and learn from the experiences of others.

MetaTrader 4 is a powerful and versatile trading platform that caters to the needs of both novice and experienced forex traders. With its user-friendly interface, advanced technical analysis tools, and automated trading capabilities, MT4 provides a comprehensive solution for traders looking to succeed in the forex market.

Beginner

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Discover What Is MT4 Trading Platform: A Comprehensive Guide

Learn how to execute trades just like expert crypto traders with the MT4 copy trading platform. Successful traders can also use it to earn extra income.

If you're a seasoned trader, you may have heard of the exploits of the MT4 team — and how MetaTrader 4 has changed the way people trade financial markets. In this article, we’ll show you another equally innovative aspect of MT4 known as copy trading.

MT4 copy trading lets users automatically trade financial instruments in their respective MetaTrader 4 accounts by copying the signals of other successful traders.

The concept of copy trading is nothing new. For years, traders have used MT4 to trade all kinds of financial assets.

Since its inception in 2005, MetaTrader 4 has been a wildly popular platform among the trading community because of its user-friendly interface, innovative trading features, automation and streamlined operations.

The recent integration of cryptocurrencies, CFDs and commodities on the MT4 platform has given traders a new lifeline. Now, you can easily copy winning strategies to trade your favorite financial asset.

It's easy to put MetaTrader 4 to work for you, 24/7. There are no complicated setups, nor a lengthy learning curve. In addition, it's a lot of fun because copy trading on MetaTrader 4 is suited to both new and existing crypto traders.

Before diving into the mechanics of copy trading on MT4, let's take a quick look at how copy trading evolved.

In the early days of the internet, it was common for experienced traders to send trading signals to their followers. Based on the details sent to them, people would place such trades with their respective financial brokers.

As the technology progressed, trade signals gave way to mirror trading, which enabled traders to mimic trading strategies. While mirror trading offers automated trading, it's a bit restrictive because traders can't change parameters, and must follow trading strategies in their entirety.

MT4 copy trading has changed all that. Using the MT4 platform, you can easily follow a trading strategy and define your own trading parameters. In this new setup, it's easy to change parameters such as the number of trading lots, stop-loss, profit margins, and more. MetaTrader 4 has taken copy trading to an entirely new level.

If you love to trade, MT4 copy trading has made it easier than ever to generate profits. All you need to do is to register for an MT4 account with an exchange like 

, fund the account, subscribe to your favorite signal provider, and define your trading parameters.

Copy trading on the MT4 platform offers multiple signal providers to choose from. Unlike in the old days, you can easily visualize the entire trade history and performance chart of an expert. What’s more, the level of transparency does away with marketing gimmicks and false promises.

MetaTrader 4 also gives you a safe environment to manage your assets. You can change the trade parameters on the fly without risking your portfolio.

If you're worried about your internet connection or you've set up trailing stops, there's an option to buy a 

 for a low monthly cost. The VPS ensures that your system continues to run on the back end so that you won’t miss an opportunity to gain from an existing market trend.

Let's face it, not everyone can trade. Psychological constraints and lack of discipline can be counterproductive to crypto trading. Therefore, MT4 copy trading provides the perfect opportunity to overcome such limitations. Anyone, irrespective of their crypto trading experience, can become a successful investor by letting expert crypto traders take care of formalities.

Most of all, MT4 copy trading saves you time. You don't need to sit in front of a trading terminal watching the crypto market’s every move. When it matters most, let an expert make important decisions on your behalf. Ideally, you only need to manage your portfolio by setting up trade parameters according to your risk appetite.

MT4 copy trading serves the needs of both novice and professional crypto traders. Here’s how it can help you stay ahead of the curve.

 and love investing in the crypto market, copy trades on the MT4 platform can offer you the following benefits:

If you can't seem to gain traction when trading, sit back and give MT4 copy trading a chance. Here's how it can help existing crypto traders.

MT4 offers hundreds of copy trading signals from some of the best professional traders in the world.

Some of these strategies have also proven extremely successful in the constantly changing crypto environment, letting you successfully ride the ups and downs of an ever-changing crypto market. If this is your first time using the MT4 crypto trading platform, it's recommended you try a free strategy before subscribing to a paid one.

Follow the steps below to use MT4 copy trading in your account.

. You’ll receive a confirmation email containing the login and password to your MT4 platform.

Download the MT4 platform. After downloading the file, you’ll be prompted to register for an 

 account. Using the MQL5 service, you can add new signal providers to your MT4 account in the future.

 section at the bottom of the MT4 platform.

Choose an appropriate provider from the list to add to the chart. For easy viewing, expand the section to view trade statistics. You can also use the scroll bar on the right side to reveal additional providers.

Select a paid or free crypto trading strategy from the list. To test-drive the platform, you may also subscribe to a free strategy on a 

 button will let you select trade parameters from the pop-up screen. If this is your first time using MT4 copy trades, it’s preferable to use the default settings. Experienced crypto traders can use the pop-up screen to set trade parameters, according to their risk appetite.

After subscribing, you can view trade stats of the strategy you’ve subscribed to by clicking on the 

 You can easily unsubscribe from a strategy by clicking on its name and selecting 

If this seems a little daunting, always use the demo account before trying the real version.

MT4 offers everyone a chance to become a signal provider. There are no prerequisites to joining this exclusive club. Everyone is welcome, but your crypto trading history is what will make you stand out from other providers. The system will rate your strategy using a proprietary ranking criterion, giving you maximum exposure depending on the results.

If you think you can trade profitably, it's time to build your crypto trading portfolio on MT4 and acquire followers. The platform will display your trades and performance history to the entire world. This is a great opportunity to earn income based on subscriptions.

If you’re interested, just follow the steps below.

 The easiest method for becoming a signal provider is to register through your MT4 account. Once you've uploaded the platform, right-click on your account number in the navigator panel to start the registration process.

 The subsequent screen will take you to a signup page, where you can fill in your profile.

 After agreeing to the terms, a screen will appear asking you for an SMS code. Type in the SMS code that you’ve received on your mobile phone.

 At this time, your request will be dispatched to a moderator. Once approved, you’ll get a confirmation message on your mobile. Finally, you can log in to an 

 Fill in the form to create your signal. Your performance will show on the list of signals. Once you’re listed, traders can find you and subscribe to your trading strategy. As you progress through the ranks, MetaQuotes will give the system additional exposure and visibility.

MetaTrader 4 has given traders the power to manage their copy trades without only relying on an expert. Unlike other platforms, you can actively manage copy trades on the fly. It's a big step in the right direction, and it's already changing the way many people copy trade.

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MT4 Copy Trading: Execute Trades Like an Expert

Looking to start using MT4 for crypto trading but not quite sure which broker to use? Here are the best MT4 brokers you can consider using.

 is an intuitive and straightforward online trading platform that can support tens of thousands of trades simultaneously. It uses very few resources, and works well on computers with low internet bandwidth. This guide explores why it’s perfectly suited to 

 — and why many of them are switching to MT4.

MT4 is by far the most popular trading platform for retail trades. Nowadays, almost every major forex broker offers it as one of their main trading terminals. While MT4 was originally developed for forex trading, technological innovation has led other markets to follow suit.

Despite the introduction of newer trading platforms, MT4 continues to attract a heavy following because it's user-friendly, free of cost, stable and extremely responsive. As a result, its parent company, 

, continues to roll out advanced features that are truly the best in class.

The growing interest in cryptocurrency has also prompted some of the most renowned trading exchanges to offer cryptocurrency trading on the MT4 terminal. If you're a crypto trader, it's about time that you try MT4.

Most crypto traders are used to trading cryptocurrencies on the native trading platform of their crypto exchange. While the inbuilt interface is mostly designed to ease the learning curve, it's not a one-size-fits-all solution.

In contrast, the MT4 terminal is tailor-made for every level of trader. It offers a uniform interface across every trade exchange, and tons of features that aren’t available anywhere else.

The intuitive features of MT4 can help beginner traders streamline their trading journey and assist experienced traders in earning a stable income. Here’s why an ever increasing number of crypto traders are switching to MT4:

Unlike crypto trading platforms, which are often extremely confusing to navigate, MT4 offers a crisp and clear interface that you can customize according to your preferences. You can move the charts, delete unnecessary windows, change the colors of the bar, pick a time zone, draw on charts and much more.

If you appreciate technical analysis, there’s nothing that comes close to MT4. Depending on your broker, you can get almost all the major 

 preinstalled free of cost. If you can't find an indicator, you can install it from the MetaQuotes Library, which offers over 2,000 popular technical indicators. If needed, it's possible to change the parameters of these trading tools to suit individual trading styles.

MT4 is the foremost platform for executing 

 other experienced traders on a native exchange, or pick any one of the thousands of free and paid strategies. If you have a specific trading strategy in mind, you can also ask MT4 experts to design one for you. Compared to the market, most of these independent programmers can build an 

While you do need to carry out your own research, it's important to remember that ignoring basic parameters can adversely affect your journey toward becoming a consistently profitable trader. If you've shortlisted specific brokers, or even if you've already made up your mind, make sure to go through the following five important guidelines:

To help you through the journey, we’ve compiled a list of 16 reputable trading platforms that offer crypto trading on the MT4 terminal so that you can choose one that suits your trading style.

Bybit is among the first crypto exchanges to integrate an 

 into its trading platform. For crypto traders, it offers an extensive library of 

 that will ease the learning curve. You can also easily switch to a demo account to test your trading strategies out. On the other hand, if you're using MT4 for forex trading, you can enjoy the same interface and Expert Advisor (EA) integration to trade cryptos.

Using the Bybit MT4 terminal, it's possible to trade more than 15 different crypto perpetual contracts. Unlike other MT4 brokers that offer spot trade, trading perpetual contracts is much easier because you don't need to worry about the dreaded margin call. Trading on Bybit also lets you access best-in-class security features, 24/7 customer support and top-tier liquidity.

Orders placed through the Bybit MT4 platform are processed using STP. In addition, users can rent MT4 

 services to take advantage of automated trading. Currently, the system only supports USDT deposits, which are displayed as UST on MT4.

In essence, Bybit MT4 is certainly a great platform for you to:

Interested in crypto trading with the Bybit MT4 platform? 

 is one of the newest financial brokers to offer MT4 crypto trading. It features market-leading pricing and trade conditions with true ECN connectivity. The minimum deposit is only $10, which complements the small 0.01 lot size and 1:500 leverage.

Using the Hugo’s Way FX MT4 platform, you can trade 55 currency markets, 73 stocks and 38 cryptos. The company uses segregated accounting records, which means that its assets and client funds are tracked separately. It also works closely with multiple payment processors, which ensures flawless deposits and withdrawals.

The diversity of offerings makes Hugo's Way one of the best MT4 brokers in the industry. While there are lots of great products, reviews of Hugo FX are mixed, and the customer support lags behind that of some competitors.

 is a well-known Australian broker that mainly deals in derivatives and cryptos. You can trade approximately 1,200 instruments, including 250 crypto derivatives. It even lets you select among the 

 — a tradeoff between trade commissions and spreads.

When you're ready to trade, Eightcap offers multiple payment methods to make instant deposits to your trading account. The platform supports PayPal, credit cards, 

, and a variety of third-party processors. It's even possible to fund your account with one of the popular cryptocurrencies.

There is a minimum of $100 to open an account. The application process is simple, and you can also call one of their experts to guide you through the entire process. The number of crypto offerings makes Eightcap one of the best MT4 brokers on this list. Nevertheless, it's not a viable option if you’re looking for high leverage and fewer trade restrictions.

 provider. You can use MT4 to trade more than 200 trading assets on their platform. It partners with 

 to provide institutional-grade security to its users.

. This means that you can deposit USDT, USDC, DAI, TUSD and PAX in your XBTFX account with 1:1 conversion and zero exchange fees. It's important to note that XBTFX is mainly designed for users who want an Expert Advisor to manage and trade their cryptos. You can either pick from one of the preconfigured EAs or create your own EA program.

If you don't want the EA mode, it's also possible to trade manual strategies using real STP market execution via the lightning-fast Equinix LD4 

XBTFX is one of the best MT4 brokers for traders who prefer automated trading. The minimum 0.01 lot size and 1:500 leverage offer a lot of flexibility. Other than that, the overemphasis on EA is something that may put you off.

If you only trade major cryptos, then trading on 

 is a practical solution. Dubbed as the world's number one CFD provider, its MT4 platform is streamlined to offer fast and reliable execution during volatile market conditions.

At the time of this writing (Sept. 14, 2022), each contract equals $1 of the underlying crypto. When trading, you're required to maintain a minimum retail margin of 20%. These margin requirements are a percentage of the overall position value. The trade execution follows a market-maker model, which relies on the price made available to IG Market by exchanges and market makers. Depending upon the circumstances, the spreads can increase significantly during volatile market conditions.

IG is among the best MT4 brokers for high-net-worth individuals who only prefer to hold BTC, ETH and their variants. However, if you want to trade multiple coins, it's probably better to look elsewhere.

 is a Switzerland-based exchange that serves both retail and institutional clients worldwide. Using Swissquote MT4, you can trade 34 different cryptocurrencies at competitive rates.

If you're willing to look beyond spot cryptos, Swissquote provides a variety of crypto assets. Crypto traders may love 

. Besides exposing yourself to crypto derivatives, you can also hold actual crypto assets in your Swissquote wallet.

Swissquote is among the best MT4 brokers for crypto traders looking for a regulated listed bank in the European Union. One major drawback, however, is a $1,000 minimum deposit limit, as well as somewhat lengthy paperwork for institutional traders.

 is a regulated broker that offers negative balance protection and trade verification for all its financial products, including cryptos. It claims to offer similar conditions to top crypto exchanges around the world.

Using the Roboforex MT4 platform, you can invest in 33 different crypto instruments and crypto-associated ETFs. It's easy to register. Just download the MT4 terminal from the official website and transfer at least $10 to your account. Using a single account you can trade stocks, indices, metals, commodities, energies, ETFs and forex.

If you're looking for the best MT4 brokers, Roboforex should be at the top of your list because it offers both standard and ECN accounts without additional requirements. The company also participates in the 

. Despite these considerable positives, the number of crypto pairs is very limited.

 is one of the largest stock exchange–listed FX and CFD brokers in the world. Regulated by the world's leading supervision authorities, it offers award-winning MT4 solutions.

Using XTB, you can trade more than 2,100 financial instruments, including cryptos. The safety mechanism and protected funding ensure that there’s no possibility of losing capital to hacker attacks. You can access crypto markets 24/7 using both the desktop and mobile app. There’s no minimum required to open an account. When needed, you can safely deposit and withdraw crypto in fiat currency using PayPal, credit card or bank transfer.

Opening an account with XTB has its advantages. For instance, you can open a 

 or a professional company account. You can also hedge, scalp or use any type of EA to execute your trades. The only downside is the variable spread, lacking the pure ECN model that some of the best MT4 brokers can offer.

 was the first MT4 trading platform that offered no-quotes and no-rejection trade execution quality. Using XM, you can easily trade over 1,000 instruments that include forex, cryptocurrencies, CFDs and futures.

There are more than 30 cryptocurrencies on offer, with some of the pairs offering zero spread. The transparent trading structure offers a detailed insight into each crypto pair, which includes important fundamentals such as price fluctuations, trade size, spreads, swap value, dynamic margin percentage and stop levels. For the convenience of new MT4 users, the company offers standard, micro and ultra-low accounts.

If you're looking for dynamic tools, XM is one of the best MT4 brokers out there. Besides these offers, you’ll also get 24/7 live support, 250:1 leverage and VPS functionality. The only downside to the platform is the lack of investor protection for EU clients.

 is an Australian broker overseen by the Financial Conduct Authority and Australian Securities & Investment Commission. It offers access to more than 1,200 financial instruments, with the promise of low-cost and fast execution.

There is more than one reason to trade on Pepperstone MT4. For instance, it offers a couple of hours of weekend trading on major cryptocurrencies and 10:1 leverage for all participants, irrespective of their location. When you trade on Pepperstone, you can also expect to receive a 99.6% fill rate, fast trade execution and 

Pepperstone is likely among the best MT4 brokers that also offer crypto swaps. The daily swap is calculated based on the closing price and holding lot size of the relevant coin. 

 is a relatively new entrant to crypto markets, and yet, it has a stellar reputation to match its diverse offerings. It's also one of the few brokers to offer MT4 for almost every conceivable platform, such as Windows, Web, MacOS, iOS and Android.

You can expect higher spreads, institutional-grade liquidity, award-winning low latency trading and no restriction on trading styles. The MT4 crypto platform offers more than ten crypto assets, including all the popular pairs.

If you're looking for a highly regulated broker that also offers segregated client funds, look no further. Without a doubt, FP Markets is among the best MT4 brokers in terms of asset protection and fraud prevention measures. However, the low number of crypto pairs remains a major drawback.

 is one of the best MT4 brokers for new crypto enthusiasts. It offers an extremely user-friendly interface and lots of tutorials. The trading terminal is specifically designed to accommodate mobile users.

Depending on the account type, you can fund your wallet using USD, ETH and BTC. According to the official website, more than 100,000 users actively trade crypto on the NordFX website. The low trading fees, direct ECN flow, 1:1,000 leverage and variety of tools also make it ideal for professional traders.

If you love maximum flexibility without trading restrictions, then NordFX is a great choice. On the other hand, a limited choice of crypto coins, the lack of payment processors and the absence of live customer support on weekends is something to consider before opening an account.

 is a global leader in providing financial trading services to millions of traders. Despite the big name, it offers a competitive trading environment that’s accessible to almost anyone worldwide. FxPro also offers thousands of CFD instruments in six asset classes, and you can choose between raw spreads and marked-up spreads without paying any commission.

The MT4 platform features more than 30 cryptocurrencies. To protect your assets, FxPro uses dynamic leverage, which changes according to the trade size and equity. When trading on MT4, you'll benefit from ultra-fast transactions as most orders are executed in less than 14 ms.

FxPro is one of the best MT4 brokers with No Dealing Desk intervention. The ultra-low latency and data center colocation enable the system to execute thousands of orders in record time. One of the only pitfalls of trading on FxPro MT4 is the lack of specialized accounts, which are often useful for traders who want to trade a specific number of lots with minimum fees.

 is a Seychelles-based broker regulated by the 

. It's a familiar name to forex traders, who use its native MT4 platform to trade five types of asset classes. Using BDSwiss MT4, you can trade 31 popular cryptocurrencies, with a leverage margin requirement of only 20%.

The minimal lot size to trade cryptos is 0.01, and all the trades are commission-free. Compared to similar MT4 brokers, it offers extremely competitive spreads suited to scalping and swing traders. If the free margin is positive, BDSwiss will let you hedge your position without commission. In a volatile market, you can use its friendly interface to view floating losses and drawdowns.

If you're a short-term crypto trader, BDSwiss is one of the best MT4 brokers that can match your trading style and lot size. The only downside to trading with BS Swiss is that it only has 24/5 live support, which can prevent weekend traders from taking full advantage of their trade positions.

 is a well-established broker offering more than 70 crypto trading instruments and the ability to participate in crypto mining. When trading on Libertex MT4, you can enjoy up to 1:500 leverage and zero spreads on some cryptos. If you're lucky, you can also receive free cryptos or stocks just for opening an account.

, users can mine BTC by registering for Libertex’s Bitcoin Virtual Mining product. At the end of the day, you can convert your mined rewards without incurring hidden fees or charges. Mining sessions end every four hours.

Since its inception, Libertex has earned both a loyal following and a good reputation. Without a doubt, it's one of the best MT4 brokers that can fulfill the needs of crypto traders wishing to use MT4 as their main trading platform. While there is no apparent disadvantage, the website lacks specific information on trading instruments. Therefore, you may have to pick up the phone to get additional details.

 offers the widest range of cryptos on MT4. There are more than 200 crypto assets on offer, and the simple and intuitive MT4 platform has competitive spreads and zero commission. Using a single app, you can also access over 6,100 trading instruments.

The MT4 is preconfigured for Apple and Windows. Crypto traders new to the MT4 platform can access almost 85 preinstalled indicators — the most in its class. For your convenience, you can easily set up custom push notifications and market news feeds.

 is one of the best MT4 brokers for traders who have just started to experiment with crypto trades. Despite lots of advantages, there are certain limitations that you need to be aware of. For instance, you need to deal with low leverage on cryptos, the absence of weekend support and a clunky interface.

There’s little doubt that MT4 has quickly altered the trading landscape by transforming the balance of power between institutional and retail traders. If you haven’t made up your mind, it’s the perfect time to test this groundbreaking product. If you had to choose one platform, we’d recommend Bybit’s MT4 Terminal as the overall best MT4 broker. 

16 Best MT4 Brokers for Crypto Trading

Curious to know how you can create and add MT4 custom indicators to your MT4 trading software for crypto trading? Read this article to get started.

 offers advanced tools such as technical analysis, trading signals and a market of customized indicators to suit all levels of crypto trading. If you love trading, here’s an overview of one of the most desirable trading tools, MT4 Custom Indicators, and how to use them to your advantage.

You're likely aware of technical indicators if you've used 

 or other similar trading platforms. Technical indicators are visual signals that aim to forecast the financial markets’s direction. MT4 Custom Indicators are similar, except that they're customized. Just as with other indicators, you can add them to the MT4 chart.

While there isn't a lot of literature related to the inception of custom MT4 technical indicators, it's generally agreed that MetaTrader 4 platform has effectively popularized its use for mainstream retail trading. You can use the inbuilt 

Today, it's easy to access hundreds of MT4 technical indicators by downloading them free of cost or paying a small fee to purchase them. Here’s more on this subject.

From a technical perspective, MT4 Custom Indicators are similar to other indicators that you would normally use on MT4 and other trading platforms. They work and behave in the same way as any other indicator. The only difference is in their customized nature.

Based on your preference, you may use either lagging or leading MT4 Custom Indicators. A leading indicator is used to identify major market movements before they occur. It's pretty useful for intraday and swing traders, who often trade market news and reversals. On the other hand, a lagging indicator defines a trend as it happens. While lagging indicators may seem less practical, they make use of detailed predictive analysis to confirm a trend.

Either way, MT4 Custom Indicators utilize various trade parameters. They can be drawn for price data that may include a combination of price history, volume, candlesticks and third-party signals. You can also set colors, thickness of lines, and sizes of signs for various elements. Similarly, there are additional settings for time frames and other visuals.

All MT4 Custom Indicators have at least two parameters: Symbol and period. This means that you can install your indicator for any time frame and symbol on an MT4 chart.

If you don't want to create an indicator, hire an MT4 developer to create one for you according to your trading preference. Besides creating your MT4 Custom Indicators, it's also possible to buy hundreds of reliable MT4 technical indicators from the MetaQuotes 

Each of these indicators comprises independent and verifiable reviews. If needed, you can even customize your trade parameters by changing the setting.

The MT4 platform offers an extensive collection of default indicators free of cost. You can use them right away by inserting them on a price chart. Besides these indicators, there are a lot of free and paid custom MT4 indicators available for download from the 

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