We found 11 online brokers that are appropriate for Trading Cryptocurrency Investment Platforms.
While the cryptocurrency market has become very popular in recent years, its risks are not new to experienced traders. In recent years, there have been tons of cases revealing how risky blockchain currencies are as the industry continues to grow.
One of the main cryptocurrency risks is that the market is highly volatile. The market can move in very unexpected ways, where even experts might have trouble predicting market trends. As the industry is too speculative, it becomes important for traders to understand the risks before opening a position.
The following are some of the risks of the cryptocurrency industry that all traders should be aware of:
The cryptocurrency industry is fraught with unexpected changes. Sharp and sudden price moves in the industry are largely based on the market sentiments. At times, the value of currencies can even drop by hundreds or thousands within hours.
The entire cryptocurrency industry is unregulated. No one agency or body has control over it. Even the government or central bank is unable to regulate the industry. Despite the lack of regulation, the currencies have attracted more attention in recent years and traders are confused about whether to treat cryptocurrencies as a virtual currency or a commodity.
Even with the most advanced technology, safety is not guaranteed. Similarly, the cryptocurrency market is also susceptible to hacking incidents. In the past, hackings and human errors have been common. While these incidents have been reduced recently, technical glitches still occur from time to time.
There are some additional cryptocurrency risks apart from volatility, human error and hacking - the hard forks or discontinuation. Hence, beginners and novice traders are suggested to understand the risks before investing money and trading the currencies.
In hard forks, substantial price volatility is evident. In this case, traders usually suspend trading until the price stablises.
Many brokers facilitate the trading of a couple of cryptocurrencies through CFD and spread betting. This means slightly different cryptocurrency risks are involved, as compared to the simple buying and selling of coins.
Traders deposit only a small percentage of the traded volume in CFD or spread betting. The position is opened with a low capital while the profits and losses are met against the full value of the trade. This means the losses can be substantial when considering the highly volatile market trend.
High volatility leads to price movements from one level to another, where levels in between are skipped. This is known as slippage or gapping, and only occurs if the market is highly volatile. In such a phenomenon, the stop loss tool may not work as the level passes from one level to another without touching a couple of levels in between. This can worsen the trading outcome if the market moves unfavourably.
The charges of trading cryptocurrencies can turn up higher with CFD or spread betting. Hence, it is important to find the difference between profit earned and the impact of the fees incurred.
Significant variations in the pricing can be found when determining the value of CFD and spread bet positions.
Traders are suggested to understand the cryptocurrency risks fully before investing in the industry. It is more important to understand the risk involved while trading CFDs or spread betting as the profits and losses are magnified here.
Cryptocurrency trading is not a cup of tea for everyone. It is highly volatile and differs from the trading of other assets vastly. Hence, it is recommended to seek the advice of professionals before initiating the first trade.
Meanwhile, it is good that the FCA regulates CFDs and spread betting. It is important to check that the provider of cryptocurrency CFDs and spread betting is regulated by the agency.
Cryptocurrency is relatively new in the trading world. It is just about a decade old with the first currency being Bitcoin. Currently, there are thousands of cryptocurrencies in the world but only a handful of these are successful.
In this article, we discusses the significant risks involved while trading digital currencies. Cyber risks is perhaps one of the most worrying of these risks. Unfortunately, cyber threats have lately increased several folds across all industries, including in the blockchain industry.
It should be noted that beginners and novice traders are highly vulnerable to cryptocurrency risks. Due to very high volatility, they may suffer a huge loss of of their capital if they do not thread carefully. Therefore, beginner traders are recommended to gain more knowledge about cryptocurrencies, understand the industry, and keep a track of the latest news and events before buying the first crypto coin.
We've collected thousands of datapoints and written a guide to help you find the best Cryptocurrency Risks 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 Investment Platforms below. You can go straight to the broker list here.
There are a number of important factors to consider when picking an online Cryptocurrency Investment Platforms 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 Cryptocurrency Investment Platforms.
Compare Cryptocurrency Investment Platforms min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are Cryptocurrency Investment Platforms. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Cryptocurrency Investment Platforms that accept Cryptocurrency Investment Platforms 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 Cryptocurrency Investment Platforms 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 Investment Platforms for 2021 article further below. You can see it now by clicking here
We have listed top Cryptocurrency Investment Platforms below.