Crypto, Technology

How to connect MT4 and MT5 to a crypto exchange?

Written by Admin · 1 min read >

With the recent rise in popularity of crypto exchanges, more and more people are interested in connecting Metatrader 4 (MT4) or Metatrader 5 (MT5) platform to Binance or other crypto exchanges.
Unfortunately, Metatrader doesn’t provide such a tool. For this reason more and more third-party tools and solutions are created.

In this article, we will have a look at available tools and their advantages and disadvantages.


This is a tool that allows you to connect MT5 to the following exchanges: Binance US, Binance Spot and Futures, Bitmex, Bybit and FTX.

Get a 5% fee discount when you open an account at FTX USFTXBinance or Bybit


  • Support 5 exchanges.
  • Support multiple order types: Market, Limit and Stop loss.
  • It is implemented in mql5, so you don’t need any additional dll or executable. This makes it easy to install.
  • It provides an API so you can create your own bots in MT5 and trade also manually from MT5.
  • It comes with few already made bots.


  • It doesn’t support existing MT5 bots. You need to modify your EA in order to work with crypto exchanges. So you need coding skills or to pay a freelancer to make the changes.
  • Not suitable for scalpers. The rates ar not updated in real time, the rates are updated every second. If you use multiple crypto pairs you may need to increase the time not to get banned by exchange.
  • Don’t have any trial to test their software first.
  • For payment you need to install a Payment Bot wich complicates the configuration

You can find more information about this tool here:

Binance MT5

This is a tool that can be used to connect MT5 to Binance.

Get a 5% fee discount when you open an account at Binance.


  • Can be downloaded from Metatrader5 market.
  • Easy installation.
  • Support all order types: Limit, Market, Stop-Limit and Stop-Market.


  • You can’t run your own EA’s. This tool can be used only for manual trading.
  • It works only with Binance.
  • It’s expensive. It costs 250 USD.

You can find more details here:

IC Markets

IC Markets is a Forex broker that provides the most popular cryptocurrencies.
You can see the full list below:

You can open an account here.


  • You don’t need to make any changes to your EA’s
  • No additional tools are required
  • Support all order types: Limit, Market, Stop-Limit and Stop-Market.
  • MT4 and MT5 platforms are supported
  • They provide demo accounts to test the strategies


  • They don’t provide all coins listed on Binance
  • Trading costs are a little bit higher than Binance Futures

You can find more details here.


There are few tools that allow you to connect MT4 or MT5 to exchanges like Binance, FTX, or Bybit but unfortunately, these tools have their limitations.

More tools and solutions are developed. For example, Bybit one of the largest exchanges announced on their blog the plan to support MT4.

Subscribe here, and we will keep you updated with the latest tools and exchanges that support MT4 or MT5.

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