Best Monero Brokers Guide
Monero Brokers
Monero cryptocurrency can be traded as an asset on crypto currency exchanges or through CFD derivatives with the help of Monero brokers.
Investors have increasingly begun to prefer trading Monero compared to most of the other cryptocurrencies as it provides greater anonymity.
The primary reason behind its development was to protect the identity of investors as well as their transaction history.
Launched in 2019, the Monero uses 'ring' signatures, which is achieved by mixing signatures of senders and receivers based on the selection of others at a random over the blockchain. This protects identifying individuals with a signature.
Monero Brokers and Advantages
Monero brokers can help traders to either trade the currency as an asset or through CFD derivatives. Monero coins can also be used for making payments for goods or services.
To trade in CFDs, an account needs to be opened with the help of the Monero brokers.
It is important to only deal with a regulated broker. This will help in keeping the funds protected to certain levels.
Dealing with non-regulated Monero brokers means risking the entire fund if there is an issue.
Monero and Influences
Adoption levels are the primary factors that influence any cryptocurrency growth and price.
The same is true with Monero. Monero volatility means greater opportunity for traders who know when to buy and when to sell.
Recently the adoption level has increased for Monero. More businesses have started accepting payments through Monero.
Monero vs Bitcoin
In Bitcoin, the transaction history of a trader can be seen by anyone over the blockchain while in Monero it is not possible.
The developer has maintained how to keep the identity and history of traders unrevealed.
The privacy feature has helped Monero to grow faster. Its adoption rate has lately increased and currently it is among one of the most popular cryptocurrencies in the world.
In January 2018 the overall market capitalization of Monero was $4,751,486,322 and one unit of the coin had a value of $303.65.
Monero Facts
Monero digital currency was launched in April 2014 and one unit of it had an exchange value of $2.47.
In August 2017 the currency reached the highest exchange value of $144.5 and was at lowest to $0.45 in September 2015.
In January 2018 the daily exchange value of Monero was $72,299,200.
Monero Verdict
Monero provides anonymity and those traders who have been looking for such a feature can opt trading on it.
Monero use is growing fast. However, it is strongly recommended to trade with well reputed Monero brokers to keep funds protected in adverse situations.
We've collected thousands of datapoints and written a guide to help you find the best Monero 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 monero brokers below. You can go straight to the broker list here.
Reputable Monero Brokers Checklist
There are a number of important factors to consider when picking an online Monero trading brokerage.
- Check your Monero broker has a history of at least 2 years.
- Check your Monero broker has a reasonable sized customer support of at least 15.
- Does the Monero 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 Monero broker has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
- Does your Monero broker have an international presence in multiple countries. This includes local seminar presentations and training.
- Make sure your Monero broker 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 Monero 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 Monero 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 Monero Brokers of 2020 compared
Here are the top Monero Brokers.
Compare Monero Brokers min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are monero brokers. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more monero brokers that accept monero clients
| Broker |
XTB
|
Plus500
|
AvaTrade
|
City Index
|
Admiral
|
Markets.com
|
hugosway
|
| Rating | |||||||
| Regulation | 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 | 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 | Central Bank of Ireland, Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Financial Stability Board (FSB), British Virgin Islands Financial Services Commission (BVI) | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Monetary Authority of Singapore (MAS) | 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 Investment Commission (ASIC) | None |
| Min Deposit | No minimum deposit | 100 | 250 | 25 | 200 | 250 | 10 |
| Funding |
|
|
|
|
|
|
|
| Used By | 250,000+ | 15,500+ | 200,000+ | 14,000+ | 10,000+ | 10,000+ | 5,000+ |
| Benefits |
|
|
|
|
|
|
|
| Accounts |
|
|
|
|
|
|
|
| Spreads |
|
|
|
|
|
|
|
| Platforms | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, Mac, Mirror Trader, ZuluTrade, Web Trader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps |
| Support |
|
|
|
|
|
|
|
| Learn More |
Sign
Up with xtb |
Sign
Up with plus500 |
Sign
Up with avatrade |
Sign
Up with cityindex |
Sign
Up with admiralmarkets |
Sign
Up with marketscom |
Sign
Up with hugosway |
| Risk Warning | 80% 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. | 80.5% 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. | 79% 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 | Losses can exceed deposits | 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. | Your capital is at risk |
| Demo |
XTB Demo |
Plus500 Demo |
AvaTrade Demo |
City Index Demo |
Admiral Markets Demo |
Markets.com Demo |
HugosWay Demo |
| Excluded Countries | US, IN, PK, BD, NG , ID, BE | BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO | BE, BR, KP, NZ, TR, US, CA, SG | 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 | US, CA, JP, SG, MY, JM, IR, TR | AF, DZ, AS, AO, AU, BE, BA, BR, KH, CA, CN, CU, KR, GU, GY, HK, ID, IR, IQ, IL, JP, LA, MO, MY, MM, NZ, MP, PA, PG, PH, PR, RU, SG, KR, SD, SY, TW, TH, TR, UG, VI, VU, USA, VN, YE | US, IN, PK, BD, NG , ID, BE |
All Monero brokers in more detail
You can compare Monero 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 Monero Brokers for 2020 article further below. You can see it now by clicking here
We have listed top Monero brokers below.
Monero Brokers Table of Contents
- Monero Brokers Explained
- 6 Factors to Consider when Choosing Monero Brokers
- Are Your Monero Brokers Trusted And Established?
- Are The Monero Brokers World Leading?
- What are the Monero Brokers Commissions and Fees?
- What are the Monero Brokers Funding and Withdrawl Methods?
- Find Monero Brokers with Round-the-clock support?
- Make sure the Monero Brokers Offer Comprehensive Trader resources?
- Why do Monero Brokers need to be regulated?
- Monero Brokers FAQ
- What are the best Monero brokers?
- What is the best Mon broker?
- Related Monero Brokers Reviews
- Related Monero Brokers Alternatives
- Related Monero Brokers Comparisons
Monero Brokers Explained
Trading the financial markets with Monero 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 Monero Brokers is the platform that a Monero Brokers offer.
Choose Monero Brokers that's at the forefront of innovation and generally considered an industry-leader.
To gain access to the financial markets, you'll need Monero Brokers that you can rely on.
6 Factors to Consider when Choosing Monero Brokers
Follow these five rules for selecting a broker that's right for you:
Are Your Monero 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 Monero broker is XTB. Established in 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), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego regulatory bodies.
Another top rated broker is Plus500.
Plus500 was established 2008, and in operation for 11 years Plus500 have a head office in Israel.
Plus500 is regulated. This means Plus500 are supervised by and is checked for conduct by 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 regulatory bodies.
| Broker |
XTB
|
Plus500
|
AvaTrade
|
City Index
|
Admiral
|
Markets.com
|
| Year Established | 2002 | 2008 | 2006 | 1983 | 2001 | 2008 |
| Head Office | Poland | Israel | The British Virgin Islands | UK | UK | Cyprus |
| Regulation | 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 | 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 | Central Bank of Ireland, Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Financial Stability Board (FSB), British Virgin Islands Financial Services Commission (BVI) | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Monetary Authority of Singapore (MAS) | 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 Investment Commission (ASIC) |
| Used By | 250,000+ | 15,500+ | 200,000+ | 14,000+ | 10,000+ | 10,000+ |
| Negative balance protection | Yes | Yes | No | Yes | Yes | Yes |
| Guaranteed Stop Loss | No | No | No | Yes | No | Yes |
| Learn More | Visit XTB | Visit Plus500 | Visit AvaTrade | Visit City Index | Visit Admiral Markets | Visit Markets.com |
| Risk Warning | 80% 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. | 80.5% 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. | 79% 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 | Losses can exceed deposits | 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. |
Are The Monero Brokers World Leading?
Choose a broker that's at the forefront of innovation and generally considered an industry-leader. XTB Segregates clients funds and offers over 1,500 instruments. XTB offers both an online trading platform as well as a mobile platform giving clients easy access to markets.
In addition, XTB supports many popular third-party trading platforms enabling access to a variety of markets worldwide that can be traded with the assistance of expert advisors or a customizable automatic trading strategy. XTB 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 Monero Brokers is Plus500 . Plus500 Only provides CFDs and offers over 2,000 instruments.
| Broker |
XTB
|
Plus500
|
AvaTrade
|
City Index
|
Admiral
|
Markets.com
|
| Instruments Available | 1,500 | 2,000 | 250 | 12,500 | 148 | 100 |
| Platforms | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, Mac, Mirror Trader, ZuluTrade, Web Trader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Web Trader, Tablet & Mobile apps |
| Excluded Countries | 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 | BE, US, CA ,CN, SG, ID, PH | BE, BR, KP, NZ, TR, US, CA, SG | 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 | US, CA, JP, SG, MY, JM, IR, TR | AF, DZ, AS, AO, AU, BE, BA, BR, KH, CA, CN, CU, KR, GU, GY, HK, ID, IR, IQ, IL, JP, LA, MO, MY, MM, NZ, MP, PA, PG, PH, PR, RU, SG, KR, SD, SY, TW, TH, TR, UG, VI, VU, VN, YE,US |
| Forex pairs offered | 50 | 100 | 80 | 100 | 40 | 80 |
| Forex pairs offered | 50 | 100 | 80 | 100 | 40 | 80 |
| 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 | Yes | Yes | Yes | Yes | Yes | Yes |
| Commodities Offered | 21 | 17 | 16 | 26 | 0 | 0 |
| Metals | Yes | Yes | Yes | Yes | Yes | Yes |
| Energies | Yes | Yes | Yes | Yes | Yes | Yes |
| Agricultural | Yes | Yes | Yes | Yes | No | Yes |
| Stocks Offered | 1696 | 1816 | 99 | 4500 | 64 | 2000 |
| UK Shares | Yes | Yes | Yes | Yes | Yes | Yes |
| US Shares | Yes | Yes | Yes | Yes | Yes | Yes |
| German Shares | Yes | Yes | Yes | Yes | Yes | Yes |
| Japanese Shares | Yes | Yes | Yes | Yes | Yes | Yes |
What are the Monero Brokers Commissions and Fees?
Ensure that your broker is transparent with fees and those dues are competitive.
The best rated Monero broker XTB offers competitive offers for Forex, CFDs, Cryptocurrency. XTB minimum deposit is 0.
Another top rated Monero broker Plus500 offers CFDs. Plus500 minimum deposit is 100.
| Broker |
XTB
|
Plus500
|
AvaTrade
|
City Index
|
Admiral
|
Markets.com
|
| Min Deposit | 0 | 100 | 250 | 25 | 200 | 250 |
| Withdrawl Fees | varies | No | No | Varies | No | No |
| Inactivity Fees | No | Yes | No | Yes | No | No |
| Deposit Fees | No | No | No | Varies | Varies | No |
| CFD Commission Fees | Yes | No | No | 0.0015 | Yes | No |
What are the Monero Brokers Funding and Withdrawal Methods?
When dealing with Monero Brokers having convenient funding and withdrawl facilities makes the trading process and your trading experience smoother.
| Broker |
XTB
|
Plus500
|
AvaTrade
|
City Index
|
Admiral
|
Markets.com
|
| Bank transfer | Yes | Yes | Yes | Yes | Yes | Yes |
| Credit Cards | Yes | Yes | Yes | Yes | Yes | Yes |
| Paypal | Yes | Yes | Yes | Yes | No | Yes |
| Skrill | Yes | Yes | No | No | Yes | No |
| Payoneer | Yes | No | Yes | Yes | Yes | Yes |
| Neteller | Yes | No | Yes | No | Yes | No |
Find Monero Brokers with Round-the-clock support?
Customer service is very important when dealing with Monero 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.
Monero Brokers customer support can include Phone answering services, Live chat support and Email customer service support.
XTB support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish
Plus500 support a wide range of languages including English, French, Italian, Spanish, Portuguese, German, Dutch, Polish, Arabic, Hebrew, Danish, Norwegian, Czech, Slovak, Bulgarian and Chinese
XTB and Plus500 offer support where clients are able to call or contact the helpdesk via email or a chat service.
| Broker |
XTB
|
Plus500
|
AvaTrade
|
City Index
|
Admiral
|
Markets.com
|
| Support |
|
|
|
|
|
|
| Languages | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish | English, French, Italian, Spanish, Portuguese, German, Dutch, Polish, Arabic, Hebrew, Danish, Norwegian, Czech, Slovak, Bulgarian and Chinese | English, Italian, German, French, Greek, and Hebrew | English, Spanish, German, Arabic, Polish, and Chinese | English, Spanish, Hungarian, Bulgarian, Cestina, German, Dutch, French, Eesti, Francais, Greek, Latviesu, Lietuviskas, Moldovian, Croatian, Slovenian, Polish, Russian, Serbian, Romanian, Ukrainian, and Croatian | Arabic, Chinese, Dutch, English, French, German, Italian, Japanese, Norwegian, Polish, Romanian, Russian, Spanish, and Turkish |
| Learn More | Visit XTB | Visit Plus500 | Visit AvaTrade | Visit City Index | Visit Admiral Markets | Visit Markets.com |
| Risk Warning | 80% 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. | 80.5% 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. | 79% 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 | Losses can exceed deposits | 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. |
Make sure the Monero 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, XTB and Plus500 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 do Monero Brokers need to be regulated?
A regulated Monero broker lowers your risk.
Broker regulation protects consumers. Too little broker regulation can lead to poor services and possibly financial harm.
Monero 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.
Monero Brokers List
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
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, Mac, Mirror Trader, ZuluTrade, 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
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