Jul 29, · MT4 is the acronym for MetaTrader4, the revolutionary platform that was developed by Metaquotes Inc. in for the trading of FX and CFDs. The . Dec 03, · Top Metatrader 4 or MT5 Brokers That Offer Bitcoin Trading A few others make use of online forex platforms to trade Bitcoin against the USD or EUR or . First you need to download MetaTrader 4 from one of the CFD brokers. If your broker allows speculations on bitcoin, you should simply find it in the list of available assets. Look for BTC in the list, similar to USD or EUR. Sometimes bitcoin brokers mention it under the name XBT.
Bitcoin mt4 trading√ Best MT4 and MT5 Forex Brokers For Trading Bitcoin Cryptocurrency
For an asset to qualify to be traded, it must have the following characteristics:. Cryptocurrencies have these characteristics and are therefore amenable to trading on forex platforms. The major influences of price movements of cryptocurrencies appear to be the following:. So far, the greatest mover of cryptocurrency prices from a fundamental point of view seems to be acceptance of the cryptocurrency by major political and economic figures.
Cryptocurrencies have moved from a stage where a founder had to remain anonymous, to one where founders now have audiences with presidents; something most of us will never experience.
Some countries have accepted cryptocurrencies in various degrees, and these are seen as discrete endorsements that will surely cause cryptocurrencies to become a permanent feature of our lives. The supply of Bitcoin and other cryptocurrencies is finite. When the supply of an item is restricted and demand starts to bludgeon, prices will increase. When speculation is added to the mix, then we will see more of the steep rise-fall patterns which have been seen on the charts in Furthermore, the exchange of cryptocurrencies for money is a growing business that is spreading to areas of the world where they were completely unknown a few years back.
With more people placing demand on Bitcoin, Ethereum and other cryptocurrencies, there will surely be demand-based price movements to the upside and downside.
Cryptocurrencies can also be traded using the time-tested methods of technical analysis. Not all forex platforms feature cryptocurrency pairs for trading, so you have to take some time to pick one that does if you want to trade cryptocurrencies on forex platforms.
If you have found one, especially one which is offered on the MT5 series, then you can simply open an account, fund it, practice on demo and later on, start trading with real money. Here is a walk-through on how to setup your cryptocurrency trading on the MT5.
This shows the assets listed in the platform. In the case of online forex brokerages, all the costs related to trading are often built into the spread. The spread varies depending on volatility. In the case of Bitcoin exchanges , the spreads are usually tighter, but in addition to the spread commissions are also charged based on volume.
In many situations, the cost of trading the Bitcoin may be more or less the same. Leverage, which offers a lot of flexibility, gives forex brokers an advantage over exchanges. You can get a leverage of up to or on an exchange.
Forex brokers offer a leverage of Some brokers may offer even more on Bitcoin trades. In this regard, the exchanges may be superior compared to online forex brokerages. However, the non-availability of coin variety is not really a cause for worry when you work with some of the best forex platform providers. MetaTrader 4 and MetaTrader 5 trading platforms are offered by many online forex brokers. In fact, MT4 and MT5 are considered as the forex market standard. This is not just a random decision.
The MetaTrader platform is technologically advanced and offers enhanced security to enable trader open and close positions without worrying about platform stability.
There are several other features as well that make MetaTrader platform the best choice for forex and Bitcoin trading. Having said this, here are some of the best Metatrader 4 and MetaTrader 5 forex brokers that offer Bitcoin trading:. FBS, an international forex broker, has a presence in over countries.
The online forex company boasts of 2,, traders clients and , partners. For Muslim traders, the broker provides swap-free or Islamic accounts. It is also European Union-registered forex broker. XM has its headquarters in Limassol, Cyprus. In , FXOpen launched its online trading platform. The brand InstaForex was launched in Currently, the forex broker has more than 3,, customers.
Further, over 1, customers open accounts every day. They enable ECN forex trading, contracts on derivatives and other instruments. Maximum Leverage — Minimum Lot Size — 0. Pepperstone, an execution-only forex as well as CFD broker , provides trading solutions that cater to both veteran and novice traders. Founded in , the company has its headquarters located in Melbourne, Australia.
Pepperstone offers CFDs on Indices.