Best MT4 crypto brokers (compared)

Pepperstone is one of the most heavily regulated brokers offering crypto CFDs, overseen by multiple top-tier authorities. The company made its name in forex and has since expanded into a wide range of CFDs, including cryptocurrencies. Some of the main reasons to consider Pepperstone include:

• Fully digital account creation: you can open an account and start trading quickly thanks to a fully digital sign-up process.
• Free deposits and withdrawals: Pepperstone doesn’t charge for deposits or withdrawals, and processing is typically fast.
• Strong customer support: Pepperstone offers responsive 24/5 customer service, consistently one of the broker’s most praised features.
• Top-tier regulation: Pepperstone is regulated by multiple top-tier authorities including the FCA (UK), ASIC (Australia), CySEC (Cyprus), BaFin (Germany), DFSA (Dubai), and others.
• No inactivity fee: many brokers charge inactivity fees of $100+ per year after a period of no trading. Pepperstone doesn’t – your account stays active at no cost.
• Multiple platforms: beyond MT4, Pepperstone also offers MT5, cTrader, and TradingView, giving you flexibility if you ever want to move beyond MT4 as it winds down.

Some considerations to keep in mind:

• Commissions on the Razor account: Pepperstone’s Razor account charges around $3.50 per side ($7 round turn) on MT4 in exchange for tight raw spreads. The Standard account is commission-free, with costs built into the spread.
• Crypto CFDs only, region-restricted: you trade crypto via leveraged CFDs (no ownership of the underlying coins), crypto CFDs are not available to UK retail clients (per FCA rules), and they’re restricted in some other jurisdictions.

Admirals (formerly Admiral Markets) is a well-established forex and CFD broker founded in 2001, regulated across multiple jurisdictions and serving clients globally. The company is a popular choice among traders looking for a heavily regulated option, with oversight from multiple top-tier authorities.

Admirals’ main product portfolio consists of CFDs, of which more than 30 are crypto CFDs, covering both major and less common coins. Crypto CFDs are derivative financial products that give you exposure to crypto price movements without owning the underlying coins – meaning you’re speculating on price with leverage rather than holding the asset itself. The wider crypto selection makes Admirals a strong choice for traders looking for more variety than at brokers like IC Markets or Pepperstone. Other benefits include:

• Competitive pricing: trading costs are largely spread-based (varying by account type), with no separate commission on most crypto CFDs.
• Fast deposits and withdrawals: Admirals processes transfers quickly, with no fees on most deposits or withdrawals (some methods may carry a small fee).
• Ease of use: account opening is fully digital and the platform is straightforward to navigate.
• Strong regulation: Admirals is regulated by multiple authorities including the FCA (UK), ASIC (Australia), CySEC (Cyprus), JSC (Jordan), and others.
• Multiple platforms: alongside MT4, Admirals also offers MT5 and its own Admirals Platform – useful flexibility as MT4 winds down.

Some considerations to keep in mind:

• CFD-focused product range: Admirals is primarily a CFD broker, though it does offer some real stock and ETF investing through its Invest.MT5 account in select markets.
• No 24/7 customer support: support is available during market hours (24/5) rather than around the clock.
• Inactivity fee: Admirals charges a €10 inactivity fee after 24 months of no trading activity.
• Crypto CFDs only, region-restricted: you trade crypto via leveraged CFDs (no ownership of the underlying coins), crypto CFDs are not available to UK retail clients (per FCA rules), and availability varies in some other jurisdictions.

CMC Markets is a strong option whether you’re just starting out as a cryptocurrency trader or you’ve been trading for years. Founded in 1989 and listed on the London Stock Exchange (ticker: CMCX), it’s one of the most established and trusted CFD brokers in the industry, regulated by the FCA (UK), ASIC (Australia), MAS (Singapore), BaFin (Germany), CIRO (Canada), and FMA (New Zealand). The platform offers a wide range of research and educational features to help beginners learn and seasoned traders expand their toolkit.

CMC Markets focuses primarily on CFDs, fees are competitive, and the platform is well designed. Other advantages of using CMC Markets include:

• Mobile trading: CMC Markets’ mobile app is just as intuitive as its desktop platform, making it a strong option for those who like to trade on the go.
• Detailed educational resources: the broker invests heavily in education, with structured learning content, market analysis, and tutorials covering everything from beginner concepts to advanced strategies.
• Quality research tools: CMC Markets offers some of the strongest research tools in the industry, including technical analysis features (with Morningstar’s quantitative equity research) and fundamental data to help analyse the markets.
• Competitive spreads: CMC Markets is known for tight spreads across crypto CFDs and other instruments, with no commissions on most crypto CFDs.
• Multiple platforms: alongside MT4, CMC offers its proprietary Next Generation platform and TradingView integration – useful flexibility as MT4 winds down.

Some considerations to keep in mind:

• Higher stock CFD fees: if you also trade stock CFDs alongside crypto, CMC Markets’ stock CFD commissions can be on the higher side compared with some lower-cost competitors.
• CFDs only: CMC Markets primarily offers CFD trading and spread betting (UK), so it isn’t the right fit if you want to invest in real underlying assets like stocks or ETFs in most markets.
• Weekday customer support: support is responsive and well regarded but available 24/5 rather than 24/7, so weekend questions may need to wait until Monday.
• Crypto CFDs only, region-restricted: you trade crypto via leveraged CFDs (no ownership of the underlying coins), crypto CFDs are not available to UK retail clients (per FCA rules), and availability varies in other jurisdictions.

AvaTrade made its name in the forex industry and has expanded into a broad multi-asset platform. Founded in 2006 in Dublin, AvaTrade is one of the most heavily regulated brokers in the industry – licensed across multiple jurisdictions including the Central Bank of Ireland, ASIC (Australia), CySEC (Cyprus), FSCA (South Africa), and FSA (Japan), serving over 400,000 clients globally. The broker offers a long list of CFDs and currency pairs, including around 14-15 crypto CFDs covering major coins like Bitcoin, Ethereum, Litecoin, XRP, and others.

Some of the main benefits of working with AvaTrade include:

• Free deposits and withdrawals: AvaTrade offers a wide range of funding methods with no deposit or withdrawal fees on standard methods.
• Strong educational resources: AvaTrade offers in-depth educational content covering everything from beginner concepts to advanced strategies – genuinely useful for traders at any level.
• Research and platform features: AvaTrade offers a solid set of research tools and the unique AvaProtect risk-management feature, along with social trading via DupliTrade and ZuluTrade.
• Multiple platforms: alongside MT4, AvaTrade also offers MT5, the AvaTradeGO mobile app, and AvaOptions – useful flexibility as MT4 winds down.

Some considerations to keep in mind:

• Spreads aren’t the lowest: AvaTrade uses a commission-free, spread-only pricing model, but its spreads are higher than at ECN brokers like IC Markets or Pepperstone’s Razor account – so cost-focused active traders may find better value elsewhere.
• High inactivity fees: AvaTrade charges a $50 (or €50/£50) inactivity fee after three consecutive months without trading, plus a further $100 (€100/£100) administration fee after twelve months of inactivity – among the steeper inactivity charges in the industry.
• Crypto CFDs only, region-restricted: you trade crypto via leveraged CFDs (no ownership of the underlying coins), crypto CFDs are not available to UK retail clients, and AvaTrade no longer onboards new UK clients following FCA regulatory changes. It also doesn’t accept US clients.

FP Markets is a leading Australian forex and CFD broker, founded in 2005 and regulated by ASIC, CySEC, and other authorities. It’s well established in the forex and CFD community and offers a broad range of instruments – including around 20+ crypto CFDs – through MT4, MT5, cTrader, and TradingView. The platform is known for fast, free deposits and withdrawals and very competitive pricing. Other benefits of using FP Markets include:

• Educational resources: FP Markets offers in-depth educational materials, including guides and eBooks covering everything from beginner concepts to advanced strategies.
• Demo account: a free demo account lets you test strategies in real-time with virtual funds in an environment that closely mirrors live trading.
• Competitive pricing: FP Markets is known for tight raw spreads (from around 0.0-0.1 pips on its Raw account, plus a small commission of ~$3 per side), making it one of the lower-cost options for active traders. The Standard account is commission-free with costs in the spread.
• No inactivity fee: unlike many brokers that charge after 90 days of no trading, FP Markets doesn’t levy an inactivity fee.
• Multiple platforms: alongside MT4, FP Markets offers MT5, cTrader, and TradingView – useful flexibility as MT4 winds down.

Some considerations to keep in mind:

• Dated platform interface: FP Markets relies heavily on the standard MetaTrader and cTrader platforms, and its own web interface can feel less modern than some competitors’ proprietary platforms.
• Research tools are average: while FP Markets offers news and fundamental data, its in-house research is fairly basic, so many traders supplement it with third-party tools.
• Crypto CFDs only, region-restricted: you trade crypto via leveraged CFDs (no ownership of the underlying coins), crypto CFDs are not available to UK retail clients (per FCA rules), and availability varies in some other jurisdictions.