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Can I buy Crypto with MetaTrader 4 (MT4)?
Unfortunately, no. The MetaTrader 4 (MT4) platform is not compatible with cryptocurrency wallets and technology, and they do not offer Crypto CFDs. This means you cannot use trading platforms like Forex.com or IG that use MT4 to trade digital assets.
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Can I buy Crypto with MetaTrader 5 (MT5)?
The MetaTrader 5 Platform does not offer cryptocurrency trading, crypto wallets or digital asset staking with their trading software.
Best way to buy Crypto without MT4 or MT5?
The best way to buy Bitcoin and Ethereum is on a regulated digital asset platform like Uphold. Their platform offers investors the ability to buy over 200 cryptocurrencies, or to trade them via CFDs. This means that you never have to actually own the underlying asset, and can instead speculate on the price. Uphold is regulated by CySEC and the FCA, ensuring that your money is safe.
You can get started with this simple guide:
- Sign Up: Create an account on Uphold and complete your verification (personal or company).
- Connect Account: Select the currency you want deposit on the Uphold Platform (USD, GBP, EUR + 30 more).
- Deposit Funds: Connect any Bank Account or Debit/Credit Card to quickly deposit your selected fiat currency.
- Buy Crypto: The final step is to find the cryptocurrency you want to buy and execute your trade.
What is MetaTrader 4?
MetaTrader 4 is a trading platform developed by MetaQuotes Software for online trading in the forex, contract for differences (CFDs) and futures markets. MT4, as it is commonly known, was released in 2005 and has since become the most popular trading platform in the world. The platform is available for use by individuals as well as brokers and is available in over 30 languages.
MetaTrader 4 is a highly flexible and customizable platform that provides a wide range of features and tools for traders. The platform supports several types of orders, including market orders, limit orders, stop-loss orders, and trailing stop orders. It also allows traders to create custom indicators and expert advisors (EAs) for use in automated trading. MetaTrader 4 also provides a mobile trading app for Android and iOS devices, as well as a web-based platform.
What is MetaTrader 5?
MetaTrader 5 is the successor to MetaTrader 4 and was released in 2010. MT5 is a more advanced platform that offers a wider range of features and tools for traders. The platform supports a wider range of order types, including market orders, limit orders, stop-loss orders, trailing stop orders, and pending orders. It also allows for the creation of custom indicators and expert advisors (EAs). MetaTrader 5 also provides mobile trading apps for Android and iOS devices, as well as a web-based platform.
MetaTrader 5 is not backward compatible with MetaTrader 4, which means that EAs and indicators developed for MT4 will not work on MT5. However, many brokers offer both platforms to their clients.
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What is the difference between MetaTrader 4 and MetaTrader 5?
The main difference between MetaTrader 4 and MetaTrader 5 is that MT5 is more advanced and offers a wider range of features and tools. MT4 is still widely used by traders and brokers, but MT5 is slowly gaining popularity. Another difference is that MT5 is not backward compatible with MT4, which means that EAs and indicators developed for MT4 will not work on MT5. However, many brokers offer both platforms to their clients.
Final Thoughts
MetaTrader 4 (MT4) & Meta Trader 5 (MT5) do not offer the ability to buy cryptocurrencies like Bitcoin and Ethereum. For investors looking to safely purchase digital assets, we recommend using a regulated platform such as Uphold. Their exchange allows users to deposit in over 30 different currencies, and access 210+ digital assets with low fees.
