We found 11 online brokers that are appropriate for Trading CFD Crypto.
One question many people (particularly, beginners and novice traders) have is, 'Can you trade cryptocurrencies using a Forex or CFD platform?' In short, the answer is a resounding, 'YES!' There are, however, slight variations— some quite significant— that apply to cryptocurrency trading on either of the aforementioned platforms. Let's have a deeper look at the question and carefully try to understand exactly what the title is asking.
It should be noted that a trader enters into a contract on Bitcoin, Litecoin, Ethereum, or other cryptocurrencies with a CFD provider based on price movements. There is technically no ownership of the currencies involved. In addition, there is no exchange of currencies. Which results in one of the easiest ways to trade cryptocurrencies.
With no official exchange of cryptocurrencies, the risk of hacking is also minimized. Hacking is a real threat when trading cryptocurrencies. Even the most reliable exchanges have been hacked in the past and there is no guarantee that hacking will not happen in the future. Hacking has a disastrous effect on both investors and exchanges.
CFD traders usually take advantage of price movements. Profits can be made if a trader has a buy position when the sell rate increases beyond the opening buy rate. On the other hand, losses can be suffered if the sell price moves below the buy position.
There are some significant differences between trading on an exchange and on a Forex or CFD platform. Some of these are discussed below:
Those traders who have already traded Forex or CFDs on MT4 or other popular trading platforms, are probably already familiar with the process. Cryptocurrency CFD trading is very similar.
Trading cryptocurrency CFD involves technical, as well as fundamental, analysis. In fact, it should be a balance of both. And, setting up a risk management tool is key to accomplishing this. Beginners should understand risk management tools because cryptocurrency is highly volatile and price movement can be either positive or negative— in tens, or even hundreds of units each trading day. This is a significant change compared to Forex assets, which move in fractional percentage points. Even the most volatile commodities, like crude oil, only move in single digits.
Controlling the risk involved is important. Proper use of management tools may minimize risk and increase the probability of profit.
New coverage plays an important role in the fundamental analysis of the price movements of crypto-coins in CFDs. It must be understood that there is no economic calendar; therfore, it can not be known when the latest news will be released. Moreover, 'crypto news' is centered around a couple of adopted points according to declarations made by regulators.
It is highly recommended to pay attention to price correlations. Litecoin and Bitcoin Cash ABC were both developed using the structure of Bitcoin; and, in effect, are clones of Bitcoin. Hence, Bitcoin can drag the prices of Litecoin up or down.
Yes, cryptocurrencies can indeed be traded using a Forex/CFD platform. We tried to show how this is possible, and also highlighted some of the important aspects of crypto Forex/CFD trading. It is also important to mention in closing that the rules or protocol of CFD must be followed.
It cannot be denied that cryptocurrency is highly volatile— several folds more than crude oil, which is also volatile in CFD assets.
Cryptocurrency trading is not for beginners or amateur traders who have limited capital to invest or might lack the capacity for risk. Even the most experienced traders may fail to predict the price movements of crypto-coins. More than this, profits cannot be guaranteed by anyone, no matter their level of expertise.
We've collected thousands of datapoints and written a guide to help you find the best Can You Trade Cryptocurrencies Using a Forex or CFD Platform 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 CFD Crypto below. You can go straight to the broker list here.
There are a number of important factors to consider when picking an online CFD Crypto 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 CFD Crypto.
Compare CFD Crypto min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are CFD Crypto. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more CFD Crypto that accept CFD Crypto clients
Broker |
eToro
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IC Markets
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XTB
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FP Markets
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Trading212
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Plus500
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Pepperstone
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EasyMarkets
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XM
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FXPrimus
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SpreadEx
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Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | 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) | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) | 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 | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID) | Financial Conduct Authority (FCA) |
Min Deposit | 200 | 200 | No minimum deposit | 100 | 1 | 100 | 200 | 100 | 5 | 100 | 1 |
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Used By | 17,000,000+ | 60,000+ | 250,000+ | 10,000+ | 14,000,000+ | 15,500+ | 10,000+ | 142,500+ | 70,000+ | 10,000+ | 10,000+ |
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Platforms | Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps |
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Learn More |
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Up with etoro |
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Up with icmarkets |
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Up with xtb |
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Up with fpmarkets |
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Up with trading212 |
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Up with plus500 |
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Up with pepperstone |
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Up with easymarkets |
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Up with xm |
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Up with fxprimus |
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Up with spreadex |
Risk Warning | 71% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | 82% 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. | Losses can exceed deposits | 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 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. | 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. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.3% 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 | Your capital is at risk | Your capital is at risk | Losses can exceed deposits | Losses can exceed deposits |
Demo |
eToro Demo |
IC Markets Demo |
XTB Demo |
FP Markets Demo |
Trading 212 Demo |
Plus500 Demo |
Pepperstone Demo |
easyMarkets Demo |
XM Demo |
FXPrimus Demo |
SpreadEx 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, | AF, GN, SL, BW, IR, SY, MM, IQ, TG, KH, LS, YE, CI , LR, ZW, CU, LY, TZ, CG, ML, BO, LR, NE, AO, GM, NG, AG, GH, KR, KG, GN, SN, NA | US, IN, PK, BD, NG , ID, BE | US, JP, NZ | US | MY, BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO, AE | BR, KR, IR, IQ, SY, JP, US | US | US, CA, IL, KR, IR, MM, CU, SD, SY | AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC. | US, TR |
You can compare CFD Crypto 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 CFD Crypto for 2021 article further below. You can see it now by clicking here
We have listed top CFD Crypto below.