Best Cryptocurrency Brokers Guide
Updated October 22, 2021
Are You Interested in Investing in Cryptocurrency?
If the answer to this is a yes, then you will need to find the right cryptocurrencies brokers who can accommodate you with the best facilities to trade on the cryptocurrency markets.
Before proceeding, lets cover the real definition of cryptocurrency.
What is Cryptocurrency?
Cryptocurrency is everywhere, as of 2021, cryptocurrency users are reported to have reached 106 million. This has been helped greatly by not only major well known figures endorsing cryptocurrency as the future, but also by large corporations and financial institutions buying up cryptocurrency assets in large numbers. It looks like the cryptocurrency markets and cryptocurrency brokers are on the rise with the total market cap of cryptocurrency assets in 2021 to be $750 Billion, which is around £533.13 Billion Pound sterling.
Everyone is talking about cryptocurrency but what is it?
Cryptocurrency is a virtual coin and is traded on cryptocurrency exchanges through cryptocurrency brokers.
Lately, cryptocurrency has continued to gain popularity. This has opened up lots of new trading tools and ways to trade including contracts for difference (CFD). They earn from the difference between the cost of an asset at the present time and what value it could become in the future.
Defining Cryptocurrencies
As cryptocurrencies are digital or virtual currencies, these currencies are reliant on cryptography to ensure the security and verification of each digital transaction.
Cryptography can control the number of units and prevent the change of code of the cryptocurrency unless some conditions are met.
The Important Characteristics of Cryptocurrencies
For some people, cryptocurrencies are the savior of the economy. This is because cryptocurrency assets can give some perks that not all banks or other financial institutions can provide.
Here are the unique characteristics of the cryptocurrencies which you cannot find in some conventional means of fiat currency transactions.
No third Party Involved in Cryptocurrency
There will not be any third parties like financial institutions, governments, or any other third party organizations which govern the transactions between you and your recipients, and vice versa.
There is no third party that will intervene in your crypto transaction. And it is a win-win solution with a P2P or peer to peer network. You can send cryptocurrencies through a P2P network and the other people cryptocurrency holders will also be able to send currency to you and your crypto wallet.
Cryptocurrencies Have More transparency
The problem with the conventional transactions is that one can ask for a refund and this can cause a the reciever to lose funds.
As an example if your buyer has sent you a payment and you have delivered the goods but before the goods reach their destination. Your buyer reverses the transaction. Your result could be that you will not receive the money you are owed and your buyer now has your funds and your goods.
You can avoid this issue with the cryptocurrency transactions as these transactions are irreversible.
Not a single party can alter your transactions and this is why it can offer you more transparent transactions than the conventional fiat currencies.
Cryptocurrencies Are Decentralized
There is no centralized place to transact at all so you can eliminate the high rates of fees when transferring money.
The cryptocurrency is maintained through the ledger technology called the blockchain. The blockchain prevents all other entities from tarnishing the data. Not a single person can alter the system so your transactions will be safe and sound. We will discuss blockchain next.
Blockchain Definition
Blockchain is a technology used in cryptocurrencies like Bitcoin. Blockchain technology comes in the a form of a list of recorded data blocks, which are gathered by cryptography.
The recorded data in the blockchain is referred to as a ledger. When there is a new data exchange, usually a transaction, a new block is added to the ledger or the blockchain.
In summary, the blockchain or ledger contains important historical transaction information.
Cryptocurrency Wallets
The cryptocurrency wallet is a digital wallet which the users use to deposit, store, hold, send, and receive digital currency or cryptocurrency.
Do not mistake it with concepts like Paypal, Payza, or various other digital currency systems. The crypto wallets do not serve as the storage of the cryptocurrency. The wallets only store the information in the form of public and private keys.
Meanwhile, the crypto itself is inside the blockchain. The users do not necessarily store their cryptocurrencies in their wallet. In summary, the cryptocurrencies wallet stores the important information which you can use to access your crypto assets.
Similar to other wallets this too facilitates storing, sending and receiving the currency. We explain the three types of cryptocurrency wallet below:
The Hardware Wallet
The hardware wallet is the most secure crypto wallet as all the data is stored offline. A few of the good examples are Trezor, Keepkey and Ledger Nano S.
The Paper Wallet
A paper cryptocurrency wallet is popular and it is secure. However, it is not as convenient as the hardware wallet.
The Software Wallet
The Software wallet is the most conveniant among the three and can be managed from a desktop or mobile phone device. Some of the cryptocurrency wallets of note are Exodus, Jaxx and Electrum.
How Do You Buy Cryptocurrency?
Cryptocurrency can be brought using a online cryptocurrency broker or cryptocurrency exchange. You can either buy the underlying cryptocurrency asset, buy a cryptocurrency CFD or buy a cryptocurrency ETB or Exchange Traded Note.
We explain how to buy cryptocurrencies in more detail below.
Buy Cryptocurrency Underlying Assets
For most people buying and selling cryptocurrencies, they will be doing so using a online crpytocurrency broker or cryptocurrency exchange and will actually own any physical cryptocurrency that is brought and stored in a software or hardware digital wallet. Most of the best cryptocurrency brokers offer their own cryptocurrency wallets for you to store crytocurrency assets.
Trade Cryptocurrency CFDs
Some high risk cryptocurrency traders trade cryptocurrency using CFDs. A cryptocurrency CFD is a contract with the cryptocurrency broker on that a specific cryptocurrency price movement. You do not own any actual cryptocurrency with a CFD trade. If you trade cryptocurrency CFDs you can trade crpytocurrency against the Forex prices of normal fiat currencies like the Pound, EUR and USD.
The benefit of a cryptocurrency CFD is that you can trade with leverage. For example if you cryptocurrency broker offers a CFD leverage of 1:10 if you deposit $500 you can trade cryptocurrencies to the value of $5000. If your cryptocurrency trade goes in your favor and the price cryptocurrency price moves up or down as your CFD said it would you can keep the profit. If the cryptocurrency trade does not go in your favor you may end up oweing the broker more than your deposited amount. A cryptocurrency CFD is a more short term investment strategy as you are speculating on price movements in the near future.
Trading cryptocurrency CFDs is high risk and is not allowed in some countries. For example the FCA in the UK does not allow CFD trading on cryptocurrency assets within the UK. Cryptocurrency CFDs are used by some more advanced traders to hedge their trades. Make sure you understand the risks.
Trade a Cryptocurrency ETN
Cryptocurrency exchange traded notes are a high risk trade becoming more widely traded although they are not currently available to trade in every country. A cryptocurrency ETN is an unsecured debt security that bases its value on the tracking of a cryptocurrency index. cryptocurrency ETN investors can profit on the difference between current buy and sell market prices or wait for the cryptocurrency to mature to a set time at which it can be cashed in minus broker fees. A cryptocurrency ETN is an unsecured trade which means you do not own any underlying crypto assets.
Buy Cryptocurrency From ATM Machines
Depending on your location you may be able to buy cryptocurrencies locally from a crypto ATM near you. There are over 16,000 cryptocurrency ATM machines across the UK alone offering all of the major cryptocurrencies including Bitcoin, Bitcoin Cash, Dogecoin, Ethereum, Dash, Zcash, Monero, Tether, Ripple and Litecoin. These cryptocurrency ATMs are available in 71 countries and accept cash or a bank debit card. Although cryptocurrency ATMs offer convenience its safer to buy online through a regulated cryptocurrency broker. It has been reported that there are some scams asking people to transfer money using these unmonitored ATMs. Stick with a highly regulated cryptocurrency broker that has a very vocal large crypto community.
Trade Cryptocurrency Privately
You can buy and sell cryptocurrency privately as cryptocurreny wallets are also available in hardware form. This is not recommended as you are trading your crypto assets outside of a regulated safe environment. Once you no longer have the cryptocurrency wallet it is gone. There is no easy way of reversing the private sale in case of foul play.
Cryptocurrency Brokers
We are in a time where physical currency is being used less and less. Especially since the Covid lockdowns, people have had no need for physical fiat currency. Electronic virtual currency has become more convieniant and traders both young and old have started to see cryptocurrency as the future. When trading cryptocurrency it is important to trade through reputable cryptocurrency brokers.
We list some notable cryptocurrency brokers below:
eToro
Being one of the top-rated cryptocurrency brokers eToro offers several currencies including Ethereum, Ripple, Bitcoin and Dash.
eToro benefits from a large community of experienced cryptocurrency traders that you can copy and learn from.
XTB
XTB too has a good name among traders and offers a wide range of such virtual currencies including Litcoin, Ethereum and Bitcoin.
XTB is placed as one of the top 5 cryptocurrency brokers in the industry and are well known for their great customer service.
IC Markets
IC Markets offers crypto throughout the day and night with good leverage for the most popular currencies like Litecoin, Ripple, Neo, Ethereum and Bitcoin.
What does a Cryptocurrency Broker do?
A cryptocurrency broker facilitates the buying and selling of all of the major cryptocurrencies on modern desktop and mobile trading platforms that are highly regulated. Always buy and sell cryptocurrencies with a highly regulated cryptocurrency broker that has a good reputation and a large user base.
Cryptocurrency Exchanges
A Cryptocurrency exchange is a place where buyers and sellers meet for the purpose of buying, selling or trading the virtual coins with the help of couple of cryptocurrency brokers.
When you have cryptocurrency assets, you may want to sell it to other users or, you may want to buy specific cryptocurrencies. Here is where you will need to use a Cryptocurrency exchange marketplace or cryptocurrency broker.
The cryptocurrency exchange is a platform which allows the users to buy, sell and trade the cryptocurrencies.
Some exchanges only provide crypto-to-crypto trades, but some also allow the crossover currencies so that you can trade from crypto to fiat or fiat to crypto.
There are many cryptocurrencies exchanges that you can find on the internet. Some of them offer the trades for common cryptos such as BTC, ETH, BNB, USDT, and so on. But some also offer more wider array of currencies exchange.
Binance exchange is the most famous cryptocurrency exchange in the world and it offers crypto to crypto trading.
Coinbase is popular too and it offers trading on 100s and 1,000s of virtual currencies like Litecoin, Ethereum Classic and Bitcoin.
LocalBitcoins, on the other hand, offers over-the-counter trading of virtual coins. Traders can post a currency for sale on its websites mentioning the rate and payment methods.
ICO and Token
Abbreviated for initial coin offering the ICO is a kind of fundraising for a start-up. It is done by selling underlying tokens against Ethereum or Bitcoin.
ICO is similar to IPO in which traders buy company shares. Investors take an entry at early stage of the project and so are capable of making a profit with the success of the company.
However, one basic difference between the two is that any person from any place in the world can take part in the ICO.
Token meanwhile is a kind of cryptocurrency too but represents a specific asset. It is sometimes used as loyalty points that can be redeemed against discounts. It can also represent something uncommon like one token is 5 bitcoins.
Cryptocurrency Mining
Just a little different with the fiat currencies, the cryptocurrencies are usually mined by miners. So, there is a phrase to describe the activity as the cryptocurrency mining.
To define cryptocurrency mining, it is a process in which the cryptocurrency miners use powerful hardware resources, in this case computers and adequate hardware to solve mathematical problems. These complicated problems need to be solved in order to attain partial units of a cryptocurrency as a reward.
To make it more challenging, these mathematical problems have cryptographic hash functions which are linked to the block which contains the information of the transaction.
These mathematical problems are tempted to solve with multiple miners.
So, when figuring out solutions for the problems, miners are competing with other cryptocurrency miners. It is about winning and losing. The winners will get small amounts of cryptocurrency.
The reward comes from the transaction fees the users pay. At least that is how major cryptocurrencies are mined. The other factor which also gives the rewards to crypto miners is the release of new cryptocurrencys and cryptocurrency splits.
Cryptocurrency Brokers Verdict
In current times, it is not exaggerating to say that cryptocurrency is the most volatile asset class that you can find.
It is due to the fact that it comes with the high speculative market not to mention that it currently disrupts the conventional economy so that many established players dont see it to have inherent value.
Therefore cryptocurrency should be considered a high risk investment has the price is very volatile. The use of cryptocurrencies is becoming more mainstream as each month goes on and it seems more inevitable that cryptocurrencies will be used in addition to fiat currencies if not replace them totally one day.
We've collected thousands of datapoints and written a guide to help you find the best Cryptocurrency Brokers 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 cryptocurrency brokers below.
Reputable Cryptocurrency Brokers Checklist
There are a number of important factors to consider when picking an online Cryptocurrency trading brokerage.
- Check your Cryptocurrency broker has a history of at least 2 years.
- Check your Cryptocurrency broker has a reasonable sized customer support of at least 15.
- Does the Cryptocurrency broker fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
- Check your Cryptocurrency broker has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
- Does your Cryptocurrency broker have an international presence in multiple countries. This includes local seminar presentations and training.
- Make sure your Cryptocurrency can hire people from various locations in the world who can better communicate in your local language.
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
Our brokerage comparison table below allows you to compare the below features for brokers offering Cryptocurrency Brokers.
We compare these features to make it easier for you to make a more informed choice.
- Minimum deposit to open an account.
- Available funding methods for the below Cryptocurrency Brokers.
- What you are able to trade with each brokerage.
- Trading Platforms offered by these brokers.
- Spread type (if applicable) for each brokerage.
- Customer support levels offered.
- We show if each brokerage offers Micro, Standard, VIP and Islamic accounts.
Top 15 Cryptocurrency Brokers of 2021 compared
Here are the top Cryptocurrency Brokers.
Compare Cryptocurrency Brokers min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are cryptocurrency brokers. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more cryptocurrency brokers that accept cryptocurrency clients
| Broker |
eToro
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XTB
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IC Markets
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AvaTrade
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Pepperstone
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Plus500
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EasyMarkets
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SpreadEx
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Admiral
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Markets.com
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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), Dubai Financial Services Authority (DFSA), Dubai International Financial Center (DIFC),Financial Sector Conduct Authority (FSCA), XTB AFRICA (PTY) LTD licensed to operate in South Africa | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | 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) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), 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 | 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), Cyprus Securities and Exchange Commission (CySEC) | Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), BVI Financial Services Commission (BVI FSC) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB) |
| Min Deposit | 50 | No minimum deposit | 200 | 250 | 200 | 100 | 100 | 1 | 200 | 100 | 100 |
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| Used By | 20,000,000+ | 250,000+ | 180,000+ | 200,000+ | 89,000+ | 15,500+ | 142,500+ | 10,000+ | 10,000+ | 4,000,000+ | 1,866,000+ |
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| Platforms | Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, Mac, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Web Trader, Tablet & Mobile apps | MT4, MT5, cTrader, Tablet & Mobile apps |
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| Learn More |
Sign
Up with etoro |
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Up with xtb |
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Up with icmarkets |
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Up with avatrade |
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Up with pepperstone |
Sign
Up with plus500 |
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Up with easymarkets |
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Up with spreadex |
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Up with admiralmarkets |
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Up with marketscom |
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Up with fxpro |
| Risk Warning | 67% of retail investor accounts lose money when trading CFDs with this provider. | 74% 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 | 72% of retail investor accounts lose money when trading CFDs with this provider | 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 | 72% 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 | Losses can exceed deposits | 67% 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 | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider |
| Demo |
eToro Demo |
XTB Demo |
IC Markets Demo |
AvaTrade Demo |
Pepperstone Demo |
Plus500 Demo |
easyMarkets Demo |
SpreadEx Demo |
Admiral Markets Demo |
Markets.com Demo |
FxPro Demo |
| Excluded Countries | ID, 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, AU | 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 | BE, BR, KP, NZ, TR, US, CA, SG | BR, KR, IR, IQ, SY, JP, US | MY, BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO, AE | US | US, TR | US, CA, JP, SG, MY, JM, IR, TR | RU, BR, CH, SG, JP, US, CA, BE, IL, TR, NZ, SY, IR, IQ, HK, PR, CN | US, CA, IR |
eToro Risk Disclosure
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% 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.
Past performance is not an indication of future results.
Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.
All Cryptocurrency brokers in more detail
You can compare Cryptocurrency 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 Cryptocurrency Brokers for 2021 article further below. You can see it now by clicking here
We have listed top Cryptocurrency brokers below.
Cryptocurrency Brokers Table of Contents
- Cryptocurrency Brokers Explained
- 6 Factors to Consider when Choosing Cryptocurrency Brokers
- Are Your Cryptocurrency Brokers Trusted And Established?
- Are The Cryptocurrency Brokers World Leading?
- What are the Cryptocurrency Brokers Commissions and Fees?
- What are the Cryptocurrency Brokers Funding and Withdrawl Methods?
- Find Cryptocurrency Brokers with Round-the-clock support?
- Make sure the Cryptocurrency Brokers Offer Comprehensive Trader resources?
- Why Cryptocurrency Brokers needs to be regulated?
- Cryptocurrency Brokers FAQ
- What are the best Cryptocurrency brokers?
- What is the best Cryptocurrency broker?
- Related Cryptocurrency Brokers Reviews
- Related Cryptocurrency Brokers Alternatives
- Related Cryptocurrency Brokers Comparisons
Cryptocurrency Brokers Explained
Trading the financial markets with Cryptocurrency Brokers when conditions are volatile can be difficult, even for experienced traders.
Apart from the educational and other resources made available online, another important factor for traders to consider when looking for Cryptocurrency Brokers is the platform that a Cryptocurrency Brokers offer.
Choose Cryptocurrency Brokers that's at the forefront of innovation and generally considered an industry-leader.
To gain access to the financial markets, you'll need Cryptocurrency Brokers that you can rely on.
6 Factors to Consider when Choosing Cryptocurrency Brokers
Follow these five rules for selecting a broker that's right for you:
Are Your Cryptocurrency Brokers Trusted And Established?
Look for a broker that has a good track record/longevity in the market so that your strategy is your primary concern for navigating the markets. The top rated Cryptocurrency broker is eToro. Established in 2007, and in operation for 14 years eToro have a head office in Cyprus, UK.
eToro is regulated. This means eToro are supervised by and is checked for conduct by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) regulatory bodies.
Another top rated broker is XTB.
XTB was established 2002, and in operation for 16 years XTB have a head office in Poland.
XTB is regulated. This means XTB are supervised by and is checked for conduct by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) regulatory bodies.
| Broker |
eToro
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XTB
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IC Markets
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AvaTrade
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Pepperstone
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Plus500
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| Year Established | 2007 | 2002 | 2007 | 2006 | 2010 | 2008 |
| Head Office | Cyprus, UK | Poland | Australia | The British Virgin Islands | Australia | Israel |
| 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), Dubai Financial Services Authority (DFSA), Dubai International Financial Center (DIFC),Financial Sector Conduct Authority (FSCA), XTB AFRICA (PTY) LTD licensed to operate in South Africa | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | 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) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), 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 | 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 |
| Used By | 20,000,000+ | 250,000+ | 180,000+ | 200,000+ | 89,000+ | 15,500+ |
| Negative balance protection | Yes | Yes | Yes | No | Yes | Yes |
| Guaranteed Stop Loss | No | No | No | No | No | No |
| Learn More | Visit eToro | Visit XTB | Visit IC Markets | Visit AvaTrade | Visit Pepperstone | Visit Plus500 |
| Risk Warning | 67% of retail investor accounts lose money when trading CFDs with this provider. | 74% 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 | 72% of retail investor accounts lose money when trading CFDs with this provider | 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 | 72% 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. |
Are The Cryptocurrency Brokers World Leading?
Choose a broker that's at the forefront of innovation and generally considered an industry-leader. eToro Segregates clients funds and offers over 2000 instruments. eToro offers both an online trading platform as well as a mobile platform giving clients easy access to markets.
In addition, the eToro platform enables access to a variety of financial markets worldwide. eToro is a world-leader when it comes to innovation and they are always looking at ways to improve and to maintain their competitive advantage.
Another good choice when looking for Cryptocurrency Brokers is XTB . XTB Segregates clients funds and offers over 4000 instruments.
| Broker |
eToro
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XTB
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IC Markets
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AvaTrade
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Pepperstone
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Plus500
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| Instruments Available | 2000 | 4000 | 232 | 1000 | 100 | 2500 |
| Platforms | Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, Mac, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps |
| 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, AU, CA, JP, KR, KP, SG, MU, IL, TR, IN, PK, BA, ET, UG, CU, SY, BD, NG, ID, BE, LY, MO, KE, YE, VU, GY, CD, CG, AF, LA, MZ, IQ, IR | US | BE, BR, KP, NZ, TR, US, CA, SG | BR, KR, IR, IQ, SY, JP,US | MY, BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO, AE |
| Forex pairs offered | 50 | 57 | 65 | 80 | 70 | 100 |
| Forex pairs offered | 50 | 57 | 65 | 80 | 70 | 100 |
| Major forex pairs | Yes | Yes | Yes | Yes | Yes | Yes |
| Minor forex pairs | Yes | Yes | Yes | Yes | Yes | Yes |
| Exotic forex pairs | Yes | Yes | Yes | Yes | Yes | Yes |
| Cryptocurrencies (availability subject to regulation) | Yes | Yes | Yes | Yes | Yes | Yes |
| Commodities Offered | 31 | 21 | 19 | 16 | 16 | 17 |
| Metals | Yes | Yes | Yes | Yes | Yes | Yes |
| Energies | Yes | Yes | Yes | Yes | Yes | Yes |
| Agricultural | Yes | Yes | Yes | Yes | No | Yes |
| Stocks Offered | 2042 | 1696 | 110 | 99 | 60 | 1816 |
| UK Shares | Yes | Yes | Yes | Yes | No | Yes |
| US Shares | Yes | Yes | Yes | Yes | No | Yes |
| German Shares | Yes | Yes | Yes | Yes | Yes | Yes |
| Japanese Shares | Yes | Yes | Yes | Yes | No | Yes |
What are the Cryptocurrency Brokers Commissions and Fees?
Ensure that your broker is transparent with fees and those dues are competitive.
The best rated Cryptocurrency broker eToro offers competitive offers for Stocks, Commodities, Forex, CFDs, Social Trading, Indices, Cryptocurrency, Index Based Funds, Exchange Traded Funds (ETF). eToro minimum deposit is 50.
Another top rated Cryptocurrency broker XTB offers Forex, CFDs, Cryptocurrency. XTB minimum deposit is 0. Please note that any cryptocurrency availability with any broker is subject to regulation.
| Broker |
eToro
|
XTB
|
IC Markets
|
AvaTrade
|
Pepperstone
|
Plus500
|
| Min Deposit | 50 | 0 | 200 | 250 | 200 | 100 |
| Withdrawl Fees | Yes | varies | No | No | No | No |
| Inactivity Fees | Yes | Yes | No | No | Yes | Yes |
| Deposit Fees | No | No | Varies | No | No | No |
| CFD Commission Fees | Yes | Yes | Yes | No | Yes | No |
What are the Cryptocurrency Brokers Funding and Withdrawal Methods?
When dealing with Cryptocurrency Brokers having convenient funding and withdrawl facilities makes the trading process and your trading experience smoother.
| Broker |
eToro
|
XTB
|
IC Markets
|
AvaTrade
|
Pepperstone
|
Plus500
|
| Bank transfer | Yes | Yes | Yes | Yes | Yes | Yes |
| Credit Cards | Yes | Yes | Yes | Yes | Yes | Yes |
| Paypal | Yes | Yes | Yes | Yes | Yes | Yes |
| Skrill | Yes | Yes | Yes | No | Yes | Yes |
| Payoneer | No | Yes | No | Yes | Yes | No |
| Neteller | Yes | Yes | Yes | Yes | Yes | No |
Find Cryptocurrency Brokers with Round-the-clock support?
Customer service is very important when dealing with Cryptocurrency Brokers.
When investing and dealing with brokers customer support can be a range of customer services to assist customers in making cost effective and correct use the brokers services. It can include assistance in installation, training, troubleshooting, upgrading, and cancelation of a product or service.
Cryptocurrency Brokers customer support can include Phone answering services, Live chat support and Email customer service support.
eToro support a wide range of languages including English, German, Spanish, French, Italian
XTB support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish
eToro and XTB offer support where clients are able to call or contact the helpdesk via email or a chat service.
| Broker |
eToro
|
XTB
|
IC Markets
|
AvaTrade
|
Pepperstone
|
Plus500
|
| Support |
|
|
|
|
|
|
| Languages | English, German, Spanish, French, Italian | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish | English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more | English, Italian, German, French, Greek, and Hebrew | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic | English, French, Italian, Spanish, Portuguese, German, Dutch, Polish, Arabic, Hebrew, Danish, Norwegian, Czech, Slovak, Bulgarian and Chinese |
| Learn More | Visit eToro | Visit XTB | Visit IC Markets | Visit AvaTrade | Visit Pepperstone | Visit Plus500 |
| Risk Warning | 67% of retail investor accounts lose money when trading CFDs with this provider. | 74% 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 | 72% of retail investor accounts lose money when trading CFDs with this provider | 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 | 72% 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. |
Make sure the Cryptocurrency Brokers Offer Comprehensive Trader resources?
Make sure your broker offers free resources like analysis, education and risk-management tools. With a wealth of knowledge from top analysts, eToro and XTB work together to bring the latest news and insights to traders.
For most traders, the first – and sometimes only – concern is pursuing their 'edge'. While that is surely important, along with sound money management habits, to navigating the markets; that step alone does not represent the full preparation. As each trader dives into this important venture, it is important not to forget the most rudimentary yet crucial steps such as selecting the best broker to access the markets.
Why Cryptocurrency Brokers needs to be regulated?
A regulated Cryptocurrency broker lowers your risk.
Broker regulation protects consumers. Too little broker regulation can lead to poor services and possibly financial harm.
Cryptocurrency brokers are regulated to stop fraud. The agent's working capital and clients funded account have to be separated. This amounts to fraud if client money is used to conduct the business. Regulation is required to make sure this does not happen.
Cryptocurrency Brokers List
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% 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.
Past performance is not an indication of future results.
Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, Mirror Trader, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, MacCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, Mac, Mobile Apps, ZuluTrade, DupliTrade, MQL5Customer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Plus500 offer a 100% Free and Unlimited Demo account No Deposit fees/Commissions No hidden fees Competitive fees Tight Spreads
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mac, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
