Bitcoin on MT4 with FX Choice
Our best bitcoin forex broker, FX Choice, has officially announced their launch of bitcoin on MT4. This will be traded under the BTC/USD CFD contract inside their MT4 platform.
Traders will be able to trade both long and short, with FX Choice offering 5:1 leverage across its cryptocurrency trading offering. Taking a look at the FX Choice MT4 platform, the bitcoins CFD looks to have around a $1.00 spread and its pricing appears to be from the MtGox exchange, but this can easily be changed without affecting the fundamentals.
According to the broker, the technology to support the bitcoin on MT4 trading infrastructure will come from the trading systems integrator known as Gold-i.
From the Gold-i website:
“Our continual focus on product innovation combined with our in-depth knowledge of the retail FX market enables brokers worldwide to have the most advanced and reliable MetaTrader software to help their brokerages to grow.”
This is however, Gold-i’s first bitcoin or any cryptocurrency based partnership and it will therefore be interesting to see how the integration of trading bitcoin on MT4 goes. By moving first, they will strategically position themselves and this can only be good for FX Choice.
Overall Bitcoin on MT4 Landscape
This offering means that FX Choice become one of the only forex brokers being able to say that they can offer clients with continuous bitcoin on MT4.
Yes, it might be true that binary options brokers have been able to offer cryptocurrencies to their clients much faster. This has been thought to be because some of the larger forex brokers have been taking a wait and see approach in terms of how to evaluate hedging options, data feeds as well as how to step through the regulatory minefield that is sure to blow up around bitcoins in the near future.
But thankfully for forex trader, led by FX Choice, the best forex brokers are starting to catch up.
From Gold-I CEO, Tom Higgins:
“New currencies rarely come into existence and Bitcoin is very different to other currencies which have launched. It has global appeal and is likely to be very successful. Now that we have added Bitcoin to MT4/MT5, we plan to add it to the Gold-i portfolio to sell it to others. I believe there will be an increasing demand for brokers to follow AvaTrade and offer Bitcoin to their clients.”
From the FX Choice Managing Director:
“FX Choice prides itself on its reputation as a market leader in bringing innovative products to its client base and providing the optimal online experience for retail traders.”
“When we decided to add this exciting new digital currency to our product offering, it was a natural choice for us to work with Gold-i. Bitcoin is the digital currency of the future and we are very excited that it can now be traded on the FX Choice platform.”
Trading Bitcoin on MT4 or TradingView
An alternative to MT4 for your bitcoin charting, is to use the online website TradingView. TradingView has become a favourite among the online trading community, especially for their bitcoin and other cryptocurrency charts.
Take a look at a chart of BTC/USD on TradingView. When you’re there, sign up for a free account and you will then have full bitcoin charting capabilities including saving and sharing for accountability. Read more about trading Bitcoin on TradingView in our education section of the site.
Make sure you’re trading Bitcoin on MT4 with the best Bitcoin forex broker, FX Choice. Open a live or demo MT4 account using the links at the bottom of the page.
Trade Bitcoin on MT4 with our Recommended Forex Broker
Forex traders who want to trade Bitcoin on MT4 should choose the winner of our best bitcoin forex broker award and trade with FX Choice.