When trading on MT5, you can facilitate your trades with numerous analytical tools and advanced features. On the MT5 platform, you can trade CFDs, or contracts for difference, on cryptocurrencies, to try and benefit from price fluctuations. Moreover, MT5 is a reasonable platform for both beginner and professional traders as it is compatible with trading robots and Expert Advisors, and offers customized indicators, hedging methods and more, besides the standard features.

CFD trading works similarly to forex trading as the digital currencies are present in the form of pairs against fiat currencies such as BTC/USD, or against each other such as BTC/ETH, if your broker supports it. This well-regarded broker has recently added MetaTrader 5 to its platform roster, opening a new way for their users to navigate the markets. When dealing with crypto CFDs, you speculate on the future price direction of the relevant currency, and can also use leverage to potentially increase your returns (whilst remembering that leverage can also magnify losses if your prediction is wrong). Markets is a prominent example of a trading provider offering CFDs on multiple instruments such as forex, indices, stocks, commodities, and cryptocurrencies.

8 Ways To Reinvent Your Crypto Trade

Crypto Journalist and Editor of guest articles in CoinPedia. MetaTrader 5 (commonly known as MT5) is one of the most popular multi-asset platforms that allows the trading of diverse instruments, including forex, stocks, commodities, metals, and cryptocurrencies. As a result, various trading platforms have now integrated cryptocurrencies to accommodate the needs of an increasing number of crypto traders, with MetaTrader 5 being one of them. Within a relatively short period of time, cryptocurrencies have become a top choice of investors and traders thanks to the promising opportunities they provide. I am also handling Outreach & Partnerships Manager. With its volatile nature, wide adoption, and blockchain technology, it is no wonder this decentralized digital asset class quickly became a favorite among market enthusiasts.

With MT5, easyMarkets clients can now opt for variable spreads and use higher leverage of 500:1 (depending on their region) with no commissions or hidden fees. Additionally, you can take advantage of expert advisors (EAs) to assist you in your trading ventures or automate the process. How to start trading cryptocurrencies on MetaTrader 5? There is also negative balance protection on the easyMarkets MT5 platform with free stop-loss and take-profit.

This is where the MT5 platform shines, as it provides traders with dozens of tools and indicators to study market dynamics proficiently. This is a guest post. Is provided to us by a third party. Readers should do their research before taking any actions related to the company. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Contact us if you have any issues or concerns. Coinpedia should not be held responsible for image copyright issues. The image used in this article is for informational purposes only.