| Online Broker | About |
|---|---|
| easyMarkets | easyMarkets offers Ethereum CFD trading with fixed spreads on MT4, its user friendly easyMarkets Platform and TradingView and variable spreads on MT5 About |
| ThinkMarkets | ThinkMarkets provides Ethereum CFD trading on MT4 and MT5 and user friendly ThinkTrader About |
| IronFX | IronFX is an MT4 broker offering trading in Ethereum CFDs on this platform, with a wide range of account types About |
| IC Markets | IC Markets provides MT4 Ethereum CFD trading and offers a wide range of other Crypto CFDs to trade About |
| FXOpen | FXOpen offers Ethereum CFD trading on MT4, MT5 and TickTrader About |
Ethereum CFD Trading Available on MT4
Ethereum CFDs can be traded on MetaTrader4 (MT4) at some brokers. Ethereum CFDs are based on the price of the cryptocurrency ether, used on the Ethereum blockchain. The trader does not own any ether, but does not need a wallet or other means to store it and can go long or short trading it as a CFD.
What is Ethereum ?
Ethereum is a platform which runs smart contracts. These are programs which perform some function which can be written in the Solidity programming language. They are called smart contracts because they will run as programmed (analogous to the way a real world contract aims to function). Smart contracts utilise the blockchain to enable this sense of commitment (expressed as immutable and unstoppable).
The Ethereum blockchain used to use miners to process transactions (known as Proof-Of-Work). Ethereum has switched to a Proof-Of-Stake network, which uses validators to process transactions, who stake ether as a way of ensuring that they are validating correctly. These technologies has been used primarily to process transactions, creating a ledger, but Ethereum and other blockchains have extended it to cover different kinds of data.
What is the Ethereum blockchain ?
For cryptocurrencies in general the blockchain is a ledger, consisting of blocks of data which when filled are connected together to form a chain. Cryptography ensures that the blocks are secure, both in their connection and in the resistance of their data to being altered - hence they create what is termed an immutable ledger of all transactions in the cryptocurrency.
Ethereum also processes smart contracts. These are compiled from the language they are written in (e.g. Solidity) to run on what is termed the Ethereum Virtual Machine: in essence translated into a code which can be executed on the blockchain by miners using mining devices.
As smart contracts have a cost associated in units called GAS (a resource requirement), they can be paid for in ether (ETH). Ether is the cryptocurrency for Ethereum. The sense of immutability extends to the programs, as does a sense of being unstoppable, though programs running on the Ethereum blockchain can now have a feature added allowing them to be ended (though in general those using smart contracts will not tend to want to do this). Many Crypto applications, including tokens, NFTs, Web3 and DeFi run on the Ethereum blockchain.
What is MT4 ?
This is a platform which is associated with Forex trading, though it covers other markets as well including Ethereum at some brokers. It enables the trader to trade by making decisions themselves, using charting tools for example, but it is perhaps at least as well known for allowing the trader to use Expert Advisors (EAs), which automate trading strategies. MT4 provides charting tools such as technical indicators and graphical objects, but additionally allows the trader to download or even build more technical indicators. Both Expert Advisor and technical indicators can be built using the MQL4 language.
