We found 11 online brokers that are appropriate for Trading Crypto Brokers.
When it comes to cryptocurrencies, you might be familiar with Bitcoin(BTC) or Ethereum(ETH), which are endorsed by most exchange and trading sites. However, there are actually many other cryptocurrencies hosted on trading platforms. You can pair these digital currencies and trade them on margin. There are hundreds of them, and each trading site may have a different number of cryptocurrency pairs you can trade.
Unlike major Bitcoins, these altcoins are highly volatile and many of them don't last nearly as long. These altcoins have different applications. In other words, they can be retailable products and/or services. The survival and sustainability of altcoins are determined by how their applications are beneficial for users. Without useful application, a cryptocurrency becomes irrelevant and therefore, won't survive for very long. That's why you definitely need to consider more factors when trading altcoins.
You should comprehend how blockchain projects work and whether they're useful before you trade the pair. Prospective blockchain projects usually possess certain characteristics, including: 24/7 operation, worldwide/borderless access, peer-to-peer trading, embracing anonymity, requiring no authoritative bodies, good security, and so forth. The more comprehensive a blockchain project, the stronger the cryptocurrency will be in the future. A successful blockchain project is one that can provide the best possible access to the decentralization of data through their applications.
Some applications that cover the characteristics mentioned above are already familiar. These include: file sharing sites, web hosting services, trading/exchange platforms, smart contracts, anonymous payment, or VPN services. Successful blockchain projects have been those that run these services and maintain decentralization characteristics as often as possible.
By comprehending the characteristics of a blockchain application, you should be able to figure out prospective altcoins that you can invest in and trade. With no authorities that can possibly watch, prohibit, or restrict the blockchain application, a blockchain project could have a bright future. When you're considering altcoins or blockchain projects, you should be clear on their applications. The ones that use hybrid, or old school, centralized systems could come to an end very soon, because they're not really a cryptocurrency or blockchain project in the first place.
How do we predict the future? We can't exactly forecast the future of Bitcoin, but we can observe the applications now. How can beneficial applications back up blockchain projects? The key is to discover the weaknesses and incapability of centralized database platforms. An example of a beneficial application would be: a video streaming service that provides premium videos, where the viewers get and spend a token for watching videos while the creators are credited with tokens for being watched and contributing. While today's video streaming services keep their premium content exclusive, this kind of blockchain project would be beneficial for viewers and content creators. Today, many blockchain projects adopt this application concept.
It's no longer a secret that many blockchain projects don't last long, because many application benefits are implemented in major cryptocurrencies, like Bitcoin. This would make the success of crypto projects, even those that are creative and innovative enough, uncertain in the future.
Generally speaking, by following their uncertainty, altcoins should never be seen as a long-term investment. Trading altcoins means dealing with un-controlled, highly volatile assets, which equates to speculation. If you understand how volatile major cryptocurrencies work, you can double or triple your investment with altcoins. There have also been practices where blockchain project creators scam people with enticing offerings.
Bitcoin and Ethereum are two major successful cryptocurrencies that have become a benchmark for both traders and creators. Unfortunately, it is unlikely that such high gains will show up from new crypto projects. Even though some of them are well-designed and have good applications, you can't expect an exploding phenomenon like Bitcoin. However, altcoins are still attractive for many investors who want to trade on margin, but not for a long-term investment.
Despite all the challenges and limitations, it's still possible to figure out prospective altcoins based on their applications. Crypto projects should be super innovative in using the blockchain system to provide benefits for users. You should research their whitepaper, websites, and other observable resources.
By this point, you should understand that holding altcoins long-term is not recommended. You can limit trade pairs of altcoins, but for shorter terms, as they are highly volatile and can end at anytime. Since trading would become your solution, choosing the best altcoin broker would be the key to success. Reputable brokerage sites typically host eligible pairs of altcoins that you may want to invest in and trade. Some of these sites may also have their own coins and the trading platform is their application.
Whenever available, use a demo account on the altcoin brokerage sites that you plan to use, and comprehend the performance of each alternative cryptocurrency before actually trading them.
We've collected thousands of datapoints and written a guide to help you find the best alt coin broker for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best Crypto Brokers below. You can go straight to the broker list here.
There are a number of important factors to consider when picking an online Crypto Brokers trading brokerage.
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
We compare these features to make it easier for you to make a more informed choice.
Here are the top Crypto Brokers.
Compare Crypto Brokers min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are Crypto Brokers. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Crypto Brokers that accept Crypto Brokers clients
Broker |
eToro
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XTB
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AvaTrade
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Plus500
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EasyMarkets
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SpreadEx
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City Index
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Markets.com
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IG
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Admiral
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FXPro
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Rating | |||||||||||
Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) | Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG) | Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), British Virgin Islands Financial Services Commission (BVI) | Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546 | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Monetary Authority of Singapore (MAS) | Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB) |
Min Deposit | 200 | No minimum deposit | 250 | 100 | 100 | 1 | 25 | 250 | No minimum deposit | 200 | 100 |
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Used By | 17,000,000+ | 250,000+ | 200,000+ | 15,500+ | 142,500+ | 10,000+ | 14,000+ | 10,000+ | 239,000+ | 10,000+ | 10,000+ |
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Platforms | Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, Mac, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | Web Trader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | MT4, MT5, Web Trader, Tablet & Mobile apps | MT4, Mac, Web Trader, L2 Dealer, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, cTrader, Tablet & Mobile apps |
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Risk Warning | 67% of retail investor accounts lose money when trading CFDs with this provider. | 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 72% of retail investor accounts lose money when trading CFDs with this provider | 76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. | Your capital is at risk | Losses can exceed deposits | 75% of retail investor accounts lose money when trading CFDs with this provider | 84% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. | Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. | Losses can exceed deposits | Your capital is at risk |
Demo |
eToro Demo |
XTB Demo |
AvaTrade Demo |
Plus500 Demo |
easyMarkets Demo |
SpreadEx Demo |
City Index Demo |
Markets.com Demo |
IG Demo |
Admiral Markets Demo |
FxPro Demo |
Excluded Countries | IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, BB, BM, BS, AG, AI, AW, LB, SV, US, PY, HN, GT, PR, NI, VG, AN, | US, IN, PK, BD, NG , ID, BE | BE, BR, KP, NZ, TR, US, CA, SG | MY, BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO, AE | US | US, TR | US, CF, TD, CG, CG, CI, CU, GN, ER, GN, FR, GW, HT, IR, IQ, KR, LB, LR, LY, MM, NZ, NG, SL, SO, SD, SY, TM, UZ, VE, EH, YE, ZW | RU, BR, CH, ZA, SG, JP, US, CA, BE, IL, TR, NZ, MY, SY, TH, ID, IR, IQ, HK, PH, PR | US, BE, FR, IN, IL, PL, ZW | US, CA, JP, SG, MY, JM, IR, TR | US, IR, CA |
You can compare Crypto Brokers ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top Crypto Brokers for 2021 article further below. You can see it now by clicking here
We have listed top Crypto Brokers below.