Best Crypto Broker for MT5

Leverage the advanced features of MetaTrader 5 (MT5) for trading cryptocurrencies with the best brokers. These platforms integrate MT5, offering robust trading tools and excellent security. If you’re an MT5 user looking to trade crypto, keep reading to find the best brokers for your needs.
avatrade

AvaTrade

eightcap

Eightcap

OANDA

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The 7 Best Crypto Brokers for MT5

avatrade

AvaTrade

Our evaluation

4,5

Commissions

Average 3,4/5

Regulated

ASIC

Investor protection

Yes

Open account

Direct link to the exchange website

eightcap

Eightcap

Our evaluation

4,8

Commissions

Low 4,3/5

Regulated

ASIC, VFSC

Investor protection

Yes

Open account

Direct link to the exchange website

OANDA

Our evaluation

4,8

Commissions

Low 4,3/5

Regulated

FCA, CFTC

Investor protection

Yes

Open account

Direct link to the exchange website

capital-com

Capital.com

Our evaluation

4,9

Commissions

Low 3,9/5

Regulated

CySEC, FCA

Investor protection

Yes

Open account

Direct link to the exchange website

vantage

Vantage

Our evaluation

4,6

Commissions

Low 4/5

Regulated

ASIC, FCA

Investor protection

Yes

Open account

Direct link to the exchange website

ig

IG

Our evaluation

4,9

Commissions

Average 3,4/5

Regulated

FCA, ASIC

Investor protection

Yes

Open account

Direct link to the exchange website

XTB

Our evaluation

4,8

Commissions

Low 4,7/5

Regulated

FCA, KNF

Investor protection

Yes

Open account

Direct link to the exchange website

Let's Analyze the 7 Best Crypto Brokers for MT5

AvaTrade

Why Choose AvaTrade?

AvaTrade is an excellent choice for those looking to trade cryptocurrencies and other financial instruments due to its strong regulatory oversight, user-friendly platforms, and diverse range of trading options. The platform is regulated by multiple top-tier authorities, including the Central Bank of Ireland, ASIC, and the FSCA, ensuring a high level of security and compliance. This regulatory backing provides traders with confidence that their funds are safe and that the broker adheres to strict financial standards.
Another significant advantage of AvaTrade is its variety of trading platforms, including MetaTrader 4, MetaTrader 5, and AvaTradeGO. These platforms offer robust features such as advanced charting tools, automated trading capabilities, and a user-friendly interface, catering to both beginners and experienced traders. The availability of a free demo account with $100,000 in virtual funds allows new traders to practice and familiarize themselves with the platform without any financial risk.
AvaTrade also stands out for its comprehensive educational resources and customer support. The broker offers a wealth of educational materials, including articles, videos, webinars, and eBooks, to help traders enhance their knowledge and skills. Customer support is available through multiple channels, including live chat, phone, and email, ensuring that traders can get assistance when needed. While the support is available 24/5, it is highly responsive and helpful, particularly through the live chat feature. Overall, AvaTrade’s combination of security, user-friendly platforms, and supportive resources makes it a top choice for traders in the cryptocurrency market.

Pros

Cons

Editor's Note

As a cryptocurrency enthusiast and expert at Threenvest, I highly recommend AvaTrade for its robust regulatory framework and user-friendly trading platforms. AvaTrade’s diverse range of trading instruments and excellent customer support make it a reliable choice for both new and experienced traders. While the selection of cryptocurrencies could be broader, and the inactivity fees lower, the overall security and ease of use make AvaTrade a strong contender in the world of crypto trading.

Eightcap

Why Choose Eightcap?

Eightcap is a compelling choice for cryptocurrency traders for several reasons. First, it offers a vast selection of over 250 cryptocurrency CFDs, providing traders with a wide array of options to diversify their portfolios and explore various trading strategies. The platform supports multiple fiat and crypto pairs, including popular ones like BTC/USD and ETH/USD, as well as unique pairs like DOGE/AUD and EOS/CAD, which cater to different trading preferences​​.
Another significant advantage of Eightcap is its fast and reliable order execution. This feature is crucial for day traders and those engaging in high-frequency trading, as it ensures that trades are executed swiftly, minimizing slippage and maximizing potential profits. Additionally, Eightcap’s tight spreads, starting from as low as 0.1 pips, make it an attractive platform for traders looking to minimize their trading costs​​.
Moreover, Eightcap is a regulated broker, enhancing its credibility and safety for traders. It is overseen by top-tier financial authorities such as the FCA and ASIC, which enforce stringent regulatory standards. This regulatory oversight provides traders with confidence in the platform’s security and operational integrity. Furthermore, Eightcap offers negative balance protection, ensuring that traders do not lose more than their account balance, which adds an extra layer of security​​.

Pros

Cons

Editor's Note

As an expert on cryptocurrency investment platforms, I highly recommend Eightcap for traders looking to dive into the world of crypto derivatives. Eightcap offers an extensive range of over 250 cryptocurrency CFDs, making it one of the most comprehensive brokers in this space. Their platform is user-friendly, and the tight spreads coupled with fast order execution are ideal for day traders. Additionally, the regulation by top-tier authorities like FCA and ASIC ensures a secure trading environment. However, the lack of a proprietary mobile app and limited educational resources are areas that could see improvement to better support new traders​​.

OANDA

Why Choose OANDA?

OANDA stands out as a reliable and well-regulated broker with a robust offering for cryptocurrency traders. One of the strongest points is its comprehensive regulatory oversight, which includes top-tier authorities like the FCA in the UK, ASIC in Australia, and the CFTC in the US. This ensures a high level of security and trust for users, making it an excellent choice for those concerned about the safety of their funds .
Another significant advantage is the user-friendly trading experience provided by OANDA’s platform. The integration with TradingView offers advanced charting tools and over 65 technical indicators, making it suitable for both novice and experienced traders. The platform supports a wide range of cryptocurrencies, including Bitcoin, Ethereum, and Litecoin, with access to 63 crypto trading pairs through its partnership with Paxos Trust Company. This variety allows traders to diversify their portfolios effectively .
Lastly, OANDA’s transparent fee structure and commitment to providing a seamless trading experience make it a favorable option. There are no minimum deposit requirements, which lowers the entry barrier for new traders. The platform also offers extensive educational resources and 24/5 customer support, ensuring that traders have all the necessary tools and assistance to succeed .

Pros

Cons

Editor's Note

As an expert on our website, I highly recommend OANDA for its reliability and robust security measures in cryptocurrency trading. OANDA’s regulation by top-tier authorities such as the FCA and CFTC ensures a secure trading environment. The platform offers a user-friendly experience with advanced charting tools and over 60 crypto trading pairs through its partnership with Paxos Trust Company. Despite its higher withdrawal fees and lack of leverage for crypto, OANDA is an excellent choice for traders seeking a trustworthy and well-regulated broker.

Capital.com

Why Choose Capital.com?

Choosing Capital.com for cryptocurrency trading offers numerous advantages, making it an excellent platform for both beginners and experienced traders. One of the most compelling reasons to opt for Capital.com is its extensive selection of cryptocurrencies. With access to 377 cryptocurrencies and 490+ crypto pairs, traders can explore a wide range of digital assets, including major coins like Bitcoin and Ethereum, as well as trending altcoins such as Dogecoin and Shiba Inu. This extensive variety ensures that traders have ample opportunities to diversify their portfolios.
Another strong point of Capital.com is its user-friendly platform, which is designed to provide a seamless trading experience. The account opening process is straightforward and quick, allowing traders to start trading within minutes. The platform also offers intuitive mobile apps for both iOS and Android, ensuring that users can trade on the go. Additionally, Capital.com’s trading interfaces are sleek and easy to navigate, which is particularly beneficial for beginners. The availability of a free demo account allows users to practice and familiarize themselves with the platform before committing real funds.
Security is another critical factor where Capital.com excels. The platform is regulated by top-tier financial authorities such as the FCA, CySEC, ASIC, and SCB, providing a high level of trust and reliability. Capital.com employs robust security measures, including SSL encryption and two-factor authentication (2FA), to protect user data and funds. Furthermore, the platform offers negative balance protection, ensuring that traders do not lose more than their initial investment. This strong emphasis on security and regulatory compliance makes Capital.com a trustworthy choice for cryptocurrency trading.

Pros

Cons

Editor's Note

As an expert on our website, I highly recommend Capital.com for those interested in cryptocurrency trading, especially if you’re looking for a platform with a wide range of crypto options and excellent user experience. The platform’s extensive selection of 377 cryptocurrencies and 490+ crypto pairs provides ample trading opportunities, while its intuitive interfaces and robust security measures make it a reliable choice for both beginners and seasoned traders. Despite the limitation of offering only CFD trading, the low fees and fast transactions make it an appealing option for anyone looking to engage in crypto trading.

Vantage

Why Choose Vantage?

Vantage stands out as a premier platform for crypto trading due to its extensive range of features and user-friendly services tailored for both novice and experienced traders. One of the key advantages is the platform’s competitive spreads, which start as low as 0.22%. This ensures that traders can maximize their profitability with minimal costs, making it an attractive option for those who engage in high-frequency trading or employ strategies that rely on tight margins.
Another strong point of Vantage is its support for advanced trading platforms such as MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms are renowned for their robust features, including sophisticated charting tools, a wide array of technical indicators, and automated trading capabilities. The availability of these tools empowers traders to perform in-depth market analysis and execute trades with precision, enhancing their overall trading experience.
Moreover, Vantage places a significant emphasis on security and regulatory compliance. The platform is regulated by reputable financial authorities, including the Australian Securities and Investments Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC). This regulatory oversight ensures that Vantage adheres to high standards of financial integrity and transparency, providing traders with confidence in the safety of their funds. Additionally, the platform employs advanced security measures such as SSL encryption and two-factor authentication, further safeguarding users’ accounts and personal information.

Pros

Cons

Editor's Note

As an expert from Threenvest, I find Vantage to be a robust option for traders looking to delve into the world of cryptocurrency CFDs. The platform excels in offering a diverse range of 34 crypto CFDs, including major assets like Bitcoin and Ethereum, which cater to both beginner and experienced traders. Its strong regulatory framework under ASIC and VFSC ensures a secure trading environment, further enhanced by features like negative balance protection. While the customer service has areas that need improvement, particularly in live chat responsiveness, the overall user experience is solid. For those who prioritize regulatory security and ease of trading without the complexities of handling actual cryptocurrencies, Vantage is a commendable choice.

How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

 

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).


For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.

Neither Threenvest, nor the author, are recommending you to invest with this article.

alejandro-borja-analista-de-brokers.webp

Economist | Cryptocurrency exchange analyst

The author of the article

Alejandro Borja is an accomplished economist with a distinguished career spanning various facets of the financial industry. His academic journey began with a degree in Economics, laying the foundation for his deep understanding of financial markets.

Over the years, Alejandro has honed his skills by working with some of the largest financial media outlets, analyzing and reporting on economic trends and investment opportunities. His expertise in financial analysis has made him a respected voice in the economic community.