We found 11 online brokers that are appropriate for Trading Monero.
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 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.
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.
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 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 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.
There are a number of important factors to consider when picking an online Monero 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 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
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Plus500
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City Index
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Markets.com
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AvaTrade
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Admiral
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webull
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tradezero
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eaglefx
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skilling
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forextb
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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, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG) | 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), 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) | Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Financial Stability Board (FSB), British Virgin Islands Financial Services Commission (BVI) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) | Securities Investor Protection Corporation (SIPC), Financial Industry Regulatory Authority (FINRA) | Securities Commission of the Bahamas (SCB) | Unregulated | Cyprus Securities and Exchange Commission (CySEC), CIF license number 357/18, Financial Services Authority (FSA) under license No. SD042 | Cyprus Securities and Exchange Commission (CySEC), CIF license number 272/15 |
Min Deposit | No minimum deposit | 100 | 25 | 250 | 250 | 200 | 50 | 500 | 10 | 100 | 250 |
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Used By | 250,000+ | 15,500+ | 14,000+ | 10,000+ | 200,000+ | 10,000+ | 5,000+ | 2,000+ | 5,000+ | 5,000+ | 5,000+ |
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Platforms | MT4, Mirror Trader, 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, Mirror Trader, ZuluTrade, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps |
Support |
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Learn More |
Sign
Up with xtb |
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Up with plus500 |
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Up with cityindex |
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Up with marketscom |
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Up with avatrade |
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Up with admiralmarkets |
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Up with webull |
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Up with tradezero |
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Up with eaglefx |
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Up with skilling |
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Up with forextb |
Risk Warning | 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. | 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. | 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. | 79% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Your capital is at risk | Your capital is at risk | Your capital is at risk | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.80% of retail investor |
Demo |
XTB Demo |
Plus500 Demo |
City Index Demo |
Markets.com Demo |
AvaTrade Demo |
Admiral Markets Demo |
Webull Demo |
TradeZero Demo |
EagleFX Demo |
Skilling Demo |
ForexTB Demo |
Excluded Countries | US, IN, PK, BD, NG , ID, BE | MY, BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO, AE | 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 | BE, BR, KP, NZ, TR, US, CA, SG | US, CA, JP, SG, MY, JM, IR, TR | UK, AU, SA, AL, DZ, AS, AD, AO, AI, AQ, AG, AR, AM, AW, AT, AZ, BS, BH, BD, BB, BY, BE, BZ, BJ, BM, BT, BO, BQ, BA, BW, BV, BR, IO, BN, BG, BF, BI, CV, KH, CM, CA, KY, CF, TD, CL, CX, CC, CO, KM, CD, CG, CK, CR, HR, CU, CW, CY, CZ, CI, DK, DJ, DM, DO, EC, EG, SV, GQ, ER, EE, SZ, ET, FK, FO, FJ, FI, FR, GF, PF, TF, GA, GM, GE, DE, GH, GI, GR, GL, GD, GP, GU, GT, GG, GN, GW, GY, HT, HM, VA, HN, HK, HU, IS, IN, ID, IR, IQ, IE, IM, IL, IT, JM, JP, JE, JO, KZ, KE, KI, KP, KR, KW, KG, LA, LV, LB, LS, LR, LY, LI, LT, LU, MO, MG, MW, MY, MV, ML, MT, MH, MQ, MR, MU, YT, MX, FM, MD, MC, MN, ME, MS, MA, MZ, MM, NA, NR, NP, NL, NC, NZ, NI, NE, NG, NU, NF, MP, NO, OM, PK, PW, PS, PA, PG, PY, PE, PH, PN, PL, PT, PR, QA, MK, RO, RU, RW, RE, BL, SH, KN, LC, MF, PM, VC, WS, SM, ST, SN, RS, SC, SL, SG, SX, SK, SI, SB, SO, ZA, GS, SS, ES, LK, SD, SR, SJ, SE, CH, SY, TW, TJ, TZ, TH, TL, TG, TK, TO, TT, TN, TR, TM, TC, TV, UG, UA, AE, GB, UM, UY, UZ, VU, VE, VN, VG, VI, WF, EH, YE, ZM, ZW, AX | US, IN, PK, BD, NG , ID, BE | US, IN, PK, BD, NG , ID, BE | US, IN, PK, BD, NG , ID, BE | US, IN, PK, BD, NG , ID, BE |
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 2021 article further below. You can see it now by clicking here
We have listed top Monero brokers below.