A report by the Federal Trade Commission indicates that cryptocurrency scammers have stolen more than $1 billion since 2021. Such incidences are making it extremely hard for investors to trade cryptocurrencies via crypto exchange platforms. Fortunately, with the help of a CFD brokerage, one can still trade crypto without worrying about getting scammed. Most crypto brokers allow you to trade on a platform known as MT4. The platform is not only user-friendly but also very secure.
Here is a list of some of the best mt4 crypto brokers. In this guide, we’ve considered the following key features;
- The credibility of the broker
- Minimum deposit
- Fees such as commissions and swaps
- Funding options
- Customer services
AvaTrade is one of the most credible CFD brokers on the internet today. It operates on various continents, including Europe, Asia, and Africa.
AvaTrade is regulated by reputable bodies such as;
- British Virgin Islands Financial Services Commission (BVI)
- Australian Securities & Investment Commission (ASIC)
- Financial Futures Association of Japan
- Central Bank of Ireland
This broker has over 7,000 reviews on Trustpilot and has won awards such as The Best Education Broker and The Most Innovative CFD Broker in the United Kingdom. There are numerous cryptocurrencies available at this broker. You can trade a crypto/crypto pair such as Bitcoin/Litecoin (BTC/LTC). Alternatively, you can trade a crypto/fiat pair such as Bitcoin/ US Dollar (BTC/USD). Ava Trade is a zero-commission broker. It also doesn’t charge bank fees on transactions. The biggest fee you are likely to encounter is the spread. Its clients don’t get to pay any hidden fees.
Setting up an account with AvaTrade is very easy. You can create one by following these simple steps;
- Visit Ava Trade’s main page and click on register now. Then choose between a real account and a demo account.
- Fill in your details including your name and email address.
- Click on create account to complete the registration.
- Verify your account.
- Fund your account and start trading.
AvaTrade offers a wide variety of trading platforms including the powerful MT4 and MT5. Both platforms support crypto trading. MT4, as well as MT5, are suitable for expert traders yet simple enough for new traders to use. Ava Trade offers various funding options including bank transfer, credit card, PayPal, Skrill, and Neteller. Whatsmore, you can start your trading career with $100. The broker has a responsive customer support team that operates 24/7. The support team is reachable via live chat, phone call, or email.
71% of retail CFD accounts lose money
FP Markets is another reliable broker that has been around for over two decades. It adheres to the strict regulations put in place by international bodies such as;
- The Australian Securities and Investment Commission (ASIC)
- Cyprus Securities and Exchange Commission (CySEC)
- European Securities and Markets Authority (ESMA)
The most common account types on FP Markets are the standard and raw accounts. The standard account charges zero commissions and its spreads are as low as 1.0 pips. The raw account is a zero-spread account that charges a commission of $3 per lot traded. Both accounts have a minimum deposit of AUD 100. The broker offers a variety of funding options, including, bank transfer, fasapay, Neteller, and skrill.
Some of the crypto pairs offered by this broker include;
- ADAUSD Cardano vs US Dollar
- BCHUSD Bitcoin Cash vs US Dollar
- BTCUSD Bitcoin vs US Dollar
- DOGUSD Dogecoin vs US Dollar
- DOTUSD Polkadot vs US Dollar
- EOSUSD EOS vs US Dollar
- ETHUSD Etherium vs US Dollar
- LNKUSD Chainlink vs US Dollar
- LTCUSD Litecoin vs US Dollar
- RPLUSD Ripple vs US Dollar
- XLMUSD Stellar vs US Dollar
FP Markets is popular for its fast execution of market orders. The broker uses an Equinix NY4 facility server that executes orders in seconds. FP Markets allows you to trade on MT4, the world’s most popular trading platform. The platform comes with a variety of technical indicators that are easily customizable. The broker has a responsive, multilingual customer support team that operates 24/7. The team is reachable via email, phone, and live chat. You can also contact them via Facebook, Twitter, or LinkedIn.
75.3% of retail CFD accounts lose money
Forex.com has also been in business for over two decades. It’s a registered Futures Commission Merchant with the CFTC. It’s also a member of the National Futures Association (NFA). This broker is regulated by the following bodies;
- Financial Conduct Authority (FCA)
- Cyprus Securities & Exchange Commission (CySEC)
- Cayman Island Monetary Authority (CIMA)
- Investment Industry Regulatory Organization Canada (IIROC)
- Monetary Authority of Singapore (MAS)
Forex.com keeps all its client’s deposits separate from its operating funds. Customer deposits are usually distributed across various reputable banks. The chosen banks are monitored per the guidelines set by the Risk Commission of StoneX Group Inc.’s Board of Directors. The minimum deposit for this broker is $100. You can fund your account via bank transfer, debit card, or Wise.
Forex.com is also famous for its fast execution of market orders. Around 99.64% of trades placed with this broker are executed in less than a second. Forex.com allows trading on the MT4 platform. The MT4 app is compatible with various devices, including Android, iPhone, iPad, and windows. This broker’s support team operates 24 hours a day from Sunday to Friday. You can connect with them via email, live chat, or phone. Alternatively, you can connect with them via Facebook, Twitter, or YouTube.
74–89% of retail investor accounts lose money.
XM Global Limited is regulated by various bodies, including the Financial Services Commission (FSC) and the Cyprus Securities and Exchange Commission (CySEC). It is a reputable broker that has clients in over 190 countries. XM offers three major account types; micro account, standard account, and XM Ultra low account. The minimum deposit for these accounts is $5. The best part is that they are commission free. Also, the micro account and the standard account are swap-free.
This broker allows you to trade on MT4. It even allows single login access on six platforms. The broker offers various payment options, including credit cards, electronic payments, and bank wire transfers. XM offers remarkable customer service. The broker has won awards for being the best broker in customer service on several occasions. The support team operates 24/7. You can also find answers to common questions on the brokers’ help center page.
Exness is regulated by several reputable bodies including;
- Financial Services Authority (FSA)
- Financial Services Commission (FSC)
- Financial Sector Conduct Authority (FSCA)
- Cyprus Securities & Exchange Commission (CySEC)
- Financial Conduct Authority (FCA)
Exness is a zero-commission broker with very tight spreads. The broker allows clients to trade over 35 crypto pairs without paying for swaps. The minimum deposit for a standard account is $10. The spreads for this account are usually as low as 0.3 pips. Exness offers a variety of trading platforms including MT4. This platform has a user-friendly interface that makes it easier for beginners to use.
Exness uses some of the world’s most popular payment systems, including Neteller, skrill, bank cards, and crypto-wallets. There are no transaction fees as the broker pays 3rd party companies on behalf of its clients. The broker has a 24/7 customer support team that can speak up to 16 languages.
Remember that forex and CFDs available at Exness are leveraged products and can result in the loss of your entire capital. Please ensure you fully understand the risks involved.
Key Takeaways about the best MT4 crypto brokers
Ava Trade, FP Markets, Forex.Com, Xm.Com, and Exness are some of the best MT4 crypto brokers today. The following features set them apart from most crypto brokers on the internet.
- Regulated by reputable international bodies.
- Fast executions of market orders
- Low minimum deposit
- Remarkable customer service
We hope that this guide will help you make an informed decision on which broker to use.
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thanks for sharing great information about the mt4 crypto broker .
You are welcome, I am glad it has been helpful to you.