MetaQuotes introduced MetaTrader in 2005, and it has become one of the most popular platforms among forex, CFD, and crypto traders worldwide. The two versions still in use today are MetaTrader 4 (MT4) and MetaTrader 5 (MT5), with MT5 being the newer, more capable option, supporting more asset classes, faster processing and more timeframes and indicators.
MT5 is only available through certain brokers, since MetaQuotes licenses it to brokers rather than offering it directly. One key point to note upfront: crypto trading on MT5 is almost always via crypto contracts for difference (CFDs): you’re speculating on price movements, often with leverage, rather than owning the underlying coins.
Best MT5 crypto brokers
Every trader has unique goals and needs from their brokerage, so the broker that suits you best may not be the best broker for the next trader in line. As such, it’s difficult to choose a single best MT5 crypto broker. Instead, here’s a list of the best MT5 crypto brokers available today:
- Pepperstone: Best overall
- FP Markets
- IC Markets
- AvaTrade
- Markets.com
Best MT5 crypto brokers compared
| Broker | Crypto CFDs | Example cryptocurrencies | Crypto-to-Fiat | Crypto-to-Crypto |
| Pepperstone | 35 coins + 3 crypto baskets | BTC, ETH, SOL, XRP, DOGE and more | USD (BTC and ETH also in AUD, EUR and GBP) | No |
| FP Markets | Not published | BTC, ETH and other major coins | USD | No |
| IC Markets | 22 | BTC, ETH, XRP, DOT, ADA, LINK and more | USD | No |
| AvaTrade | About 19, including a CRYPTO10 basket | BTC, ETH, XRP, SOL, DOGE, XLM and more | USD, EUR, JPY | No |
| Markets.com | Not published | BTC, ETH, LTC, XRP | USD | No |
Crypto CFD ranges from the brokers’ websites as of 8 October 2026. Availability depends on the entity that serves your country.
Best MT5 crypto brokers reviewed
There are several MT5 crypto brokers to choose from. As you make your comparison, it’s important to pay attention to the pros and cons of each and consider how they relate to your unique trading needs. Below are the details of each broker, with their pros and cons.
1# Pepperstone
Pepperstone at a glance
74-89% of retail CFD accounts lose money.
Pepperstone is a global forex and CFD broker founded in 2010 and regulated by multiple top-tier authorities, including the FCA (UK), ASIC (Australia), CySEC (Cyprus), BaFin (Germany), DFSA (Dubai), and others. It offers a wide range of forex and CFD products, including crypto CFDs on around 35 coins plus three crypto baskets (Crypto10, Crypto20 and Crypto30), through MT4, MT5, cTrader and TradingView. Its streamlined, well-regarded trading experience suits everyone from beginners to advanced algorithmic traders. Key benefits include:
- Free, fast deposits and withdrawals: Pepperstone doesn’t charge deposit or withdrawal fees, offers a wide range of funding methods (including cards, PayPal, Apple Pay, and Google Pay), and typically processes transfers quickly.
- Seamless sign-up: account opening is fully digital, fast, and straightforward, even for newer traders.
- Excellent customer service: Pepperstone’s support is responsive and knowledgeable, one of the broker’s most praised features.
- Strong MT5 infrastructure: Pepperstone offers genuine ECN execution via its Razor account, tight raw spreads, and fast execution speeds, making it one of the better-optimised MT5 environments among retail brokers.
There are also some drawbacks to consider:
- Commission on Razor accounts: the Razor account charges a commission (around $3.50 per side, $7 round turn, on MT5) in exchange for tighter raw spreads. The Standard account is commission-free but has wider spreads.
- Crypto CFD availability is restricted by region: crypto CFDs are not available to UK retail clients (the Financial Conduct Authority bans crypto derivatives for retail investors) and are restricted in some other jurisdictions, so availability depends on where you’re based.
- CFDs only, no actual crypto ownership: with Pepperstone you trade crypto via leveraged CFDs, speculating on price rather than owning the underlying coins.
2# FP Markets
FP Markets at a glance
75.04% of retail CFD accounts lose money.
FP Markets is an Australian forex and CFD broker founded in 2005 and regulated by ASIC (Australia), CySEC (Cyprus), the FSCA (South Africa) and the FSA (Seychelles), among others. It offers more than 10,000 instruments across forex, shares, indices, commodities and cryptocurrencies, available through MT4, MT5, cTrader, TradingView and its own app.
Some of the most compelling reasons to consider FP Markets include:
- Educational resources: FP Markets provides in-depth educational materials, including guides and eBooks suitable for traders at all levels, useful for building skills before committing real capital.
- 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 0.0 pips on its Raw account, plus commission), making it one of the lower-cost options for active traders.
- Free, fast deposits and withdrawals: a wide range of funding methods with no FP Markets deposit fees and quick processing.
There are also some drawbacks to consider:
- Crypto CFD availability varies by region: as with other CFD brokers, crypto CFDs aren’t available to UK retail clients and are restricted in some jurisdictions, so what you can trade depends on where you’re based, and you’re trading leveraged CFDs, not owning the underlying coins.
- Dated platform interface: FP Markets relies heavily on the standard MetaTrader and cTrader platforms, and its own interface and tools can feel dated compared with more modern, proprietary platforms from some competitors.
- 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.
3# IC Markets
IC Markets at a glance
74-89% of retail CFD accounts lose money.
IC Markets, which now also trades as IC, is a global forex and CFD broker founded in 2007 in Sydney and regulated by ASIC (Australia), CySEC (Cyprus) and the FSA (Seychelles). Known for tight spreads, it offers CFDs on forex, indices, commodities, shares, bonds and cryptocurrencies across MT4, MT5, cTrader and TradingView. Its crypto range is relatively limited, with 22 crypto CFDs quoted in USD.
IC Markets is especially popular with algorithmic traders, thanks to its raw-spread pricing model and fast execution, which matter for MT5 traders running automated strategies (Expert Advisors).
Some of the most attractive aspects of IC Markets for MT5 crypto traders include:
- Fast sign-up: account opening is fully digital and takes only a few minutes.
- Low costs: crypto CFDs are commission-free with costs built into the spread, and IC Markets’ raw spreads (from 0.0 pips on Raw accounts, plus commission on forex) are among the lowest available.
- Platform flexibility: full support for MT4, MT5, cTrader, and TradingView, with no restrictions on scalping, hedging, or automated trading.
- Free deposits and withdrawals: a wide range of funding methods with no deposit, withdrawal, or inactivity fees.
Some drawbacks to consider:
- Limited crypto range: with 22 crypto CFDs, IC Markets covers the majors but may frustrate traders wanting a broad selection of altcoins.
- CFDs only, region-restricted: you trade crypto via leveraged CFDs (no ownership of the underlying coins), and crypto CFDs are not available to UK retail clients and restricted in some jurisdictions. IC Markets also has no FCA-regulated entity for UK retail traders.
- Mixed execution feedback: while most users praise the pricing, some report occasional slippage during volatile periods, which is common across ECN brokers.
4# AvaTrade
AvaTrade at a glance
63% of retail CFD accounts lose money.
AvaTrade is a Dublin-based forex and CFD broker founded in 2006 and regulated in 10 jurisdictions, including by the Central Bank of Ireland, CySEC (Cyprus), ASIC (Australia), the FSCA (South Africa), the FSA (Japan) and the FSRA (Abu Dhabi). It offers about 19 crypto CFDs, including Bitcoin, Ethereum, XRP, Solana and a CRYPTO10 basket, alongside forex, shares, indices, commodities, ETFs and bonds, via MT4, MT5, the AvaTrade app, WebTrader and AvaOptions.
Some of the biggest benefits of using AvaTrade include:
- Education: AvaTrade offers extensive, well-structured educational resources covering everything from beginner concepts to advanced strategies, useful for traders building their skills.
- Research and platform choice: alongside MT5’s technical analysis tools, AvaTrade adds its own fundamental research, plus the AvaProtect risk-management feature and social trading via DupliTrade and AvaSocial.
- Free deposits and withdrawals: funding and withdrawing is straightforward, with no deposit or withdrawal fees.
- Leverage by jurisdiction: AvaTrade offers up to 30:1 on major forex pairs for EU/UK retail clients (ESMA-capped), and up to 2:1 on crypto for EU retail clients. Higher leverage (up to 400:1) is only available under offshore entities or for qualified professional clients, not under EU/UK regulation. Always check what applies to your jurisdiction.
There are also some drawbacks to consider:
- 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.
- Inactivity fees: AvaTrade charges inactivity and administration fees on accounts with no trading for several months, so check the current amounts before opening an account you may leave idle.
- CFDs only, region-restricted: you trade crypto via leveraged CFDs (no ownership), crypto CFDs are not available to UK retail clients, and AvaTrade does not accept US clients.
5# Markets.com
Markets.com at a glance
77.30% of retail CFD accounts lose money.
Markets.com was established in 2008. In the EU it is operated by Safecap Investments Limited, regulated by CySEC (licence 092/08), and in South Africa by Markets South Africa (Pty) Ltd, regulated by the FSCA. It offers CFDs on shares, forex, indices, commodities, bonds and cryptocurrencies, including Bitcoin, Ethereum, Litecoin and XRP, via MT4, MT5 and its own web platform and app. Here are the main benefits of using Markets.com as an MT5 crypto broker:
- Education features: Markets.com offers a solid range of educational materials to help newer traders build their skills and confidence.
- Fast account opening: the sign-up process is quick and fully digital, so you can be set up in minutes.
- Competitive crypto spreads: Markets.com uses a commission-free, spread-only pricing model, and its crypto spreads are relatively competitive.
- Sentiment and analysis tools: it provides useful tools such as client sentiment data, analyst recommendations, and insider-activity tracking to help spot potential opportunities.
There are also a few drawbacks to consider:
- Higher forex spreads: while crypto spreads are competitive, Markets.com’s forex spreads sit at the higher end of the range, so it is less suited to those who also trade forex actively.
- Limited fundamental research: the sentiment and analysis tools are useful, but Markets.com lacks the deeper fundamental research features more advanced traders may expect.
- 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 some countries are not served, so check availability for your jurisdiction.
Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.1% of retail investor accounts lose money when trading CFDs with Pepperstone (EU), 74.51% with FP Markets (EU) and 73.46% with IC Markets (EU). You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Why is MT5 important for crypto trading?
MetaQuotes designed the MetaTrader series of trading platforms in the early 2000s to fill a significant void in the forex trading market. MT5 (launched in 2010) is the latest iteration and supports a far broader range of assets than MT4, including stocks, futures, options, and crypto CFDs, alongside multi-threaded backtesting, more timeframes (21 vs 9 in MT4), 64-bit processing and an integrated economic calendar.
There are several benefits to using the MT5 platform, including:
- Demo account: MT5 offers a demo account that lets you trade in real-time with virtual funds, so you can test a strategy before risking real money.
- Technical analysis: MT5 is one of the most powerful technical analysis platforms available, with a wide range of built-in indicators plus thousands of free and paid custom indicators you can add.
- Live charts: all charts are interactive and easy to use, making it simple to analyse live market data as you trade.
- Algorithmic trading: MT5 supports Expert Advisors (EAs) via the MQL5 language, letting you automate strategies, a key reason it’s popular with systematic crypto traders.
- Security: MT5 uses strong encryption to help protect your trading account and data.
That said, MT5 is no longer the only serious option for crypto CFD trading. cTrader (offered by Pepperstone, IC Markets, and FP Markets) provides Level II depth-of-market pricing and more advanced order types, while TradingView (offered by Pepperstone, IC Markets and FP Markets) is increasingly favoured for its superior charting and social features. Many brokers now let you trade the same account across MT5, cTrader, and TradingView, so the choice is increasingly about workflow preference rather than instrument access.
Bottom line
When you open an account with an MT5 crypto broker, you’re entering a financial relationship with a new company, so it’s important to weigh the pros and cons carefully before signing up. Pay particular attention to the broker’s regulation in your jurisdiction, its fees and spreads, the range of crypto CFDs offered and, crucially, whether crypto CFDs are available where you live, since they’re restricted in some regions and banned for retail clients in others (such as the UK).
It’s also worth remembering that trading crypto on MT5 means trading leveraged CFDs: you’re speculating on price movements rather than owning the underlying coins, and leverage can amplify losses as well as gains. If that suits your strategy and you’ve done your research, the top MT5 crypto brokers covered above are a solid starting point for your comparison.
