10 of the Best Crypto Brokers You Should Consider
Are you one of the modern traders interested in trading cryptocurrencies? Do you want to take advantage of the volatility of the cryptocurrency market? Well, the first thing you will have to do is to find the right broker. Once you have found the right broker, you will have the platform that you can use to enter trades and make profits. Since there are hundreds of brokers offering similar services, picking the best one can be a challenge. Let’s make things easy for you by providing you a list of 10 of the best brokers that you should consider signing up with.
While reading the XTRgatescam broker view, please keep in mind that the list has not been created with any particular chronological order.
Top 10 Crypto Brokers
1. SpreadEx
It is one of the most impressive brokers out there offering not only cryptocurrency trading but forex, indices, commodities, and stock trading as well. The trading platform from the broker is for those who want to trade on the go. You can download the app on your tablets, Android phones, and iPhones. You can trust the broker because it has been around for more than 20 years, which shows that it is not a newly launched scam to rob you of your money. You will be glad that once you sign up with this broker, you will have access to thousands of different assets in hundreds of financial markets.
You will also have a sense of security because you will know that the broker is properly regulated. Financial Conduct Authority regulates this registered broker. The crypto broker also states clearly on the websites that the funds you deposit in your account go into segregated accounts.
2. EasyMarkets
At the moment, you can trade three of the most known cryptocurrencies with this broker i.e. Ripple, Ethereum, and Bitcoin. Another amazing thing about the broker is that it offers you multiple instruments to use for trading. For example, you can trade CFDs as well as options when you choose EasyMarkets. If you are looking for low margin requirements, you would want to go with the professional account. You also have the VIP account option that offers tight spreads and the option to trade on either MT4 or a web trader. You have to know that the regular account holders can take advantage of fixed spreads only.
The leverage you have available is 1:30 with the regular account, but you can take advantage of higher leverages if you go with the professional account. EasyMarkets has a big storage of training material that consists of videos, ebooks, and live webinars. You can trade with confidence because this broker is regulated by not one, but two regulating authorities.
3. XTB
It remains one of the best online brokers for trading cryptocurrencies. And there is no doubt that this broker has always stepped up to match its pace with its competitors and then beat them. What you are going to love about XTB is that it allows you to trade a variety of cryptocurrency assets. You can trade Ethereum, Bitcoin, Ripple, Stellar, Litecoin, and many other cryptocurrencies one you have sign up with this broker. Additionally, you can trade forex currency pairs, commodities, indices, and stocks, in the form of CFDs. You have only two types of accounts to choose from: one for beginners and other one for advanced traders.
The leverage you can use with this broker is 1:30 irrespective of the account type you pick. It offers some amazing protection to its traders in the form of negative balance protection, and no commissions on a variety of assets. The best thing is that you do not have to pay any commission if you are trading digital coins with a basic account.
4. Etoro
Etoro remains a market leader when it comes to online brokers. In many aspects, you can call it the best online broker. One of the biggest selling points of this broker is its copy trading feature, which allows you to copy the trades of the most expert traders on the market. In addition to traditional trading, it also offers you to invest in your favorite assets. You can trust this broker more than any other broker on the internet. The broker is regulated by many regulating authorities in many jurisdictions. FCA, ASIC, and CySEC are among the top regulators in the world that happen to regulate this broker as well.
You will be happy about leverages with this broker because they can be as high as 1:400. In addition to that, you get negative balance protection feature as well.
5. IG
The name of this broker is pretty simple, but it remains on top of the chart at all times. There are three ways you can make money with this broker: investing, trading CFDs, and spread betting. The company has been around for more than 40 years at this point and offers while adhering to the industry standards. You can sign up with peace of mind because it is regulated by FCA. You will be glad to trade cryptocurrencies with this broker because of the options you have available. You can trade not just Litecoin, Bitcoin, and Ethereum, but other popular digital coins like NEO, Stellar, Bitcoin Cash, and many more.
It also has one of the most comprehensive repositories of training material to train new and advanced traders on respective strategies.
6. Plus500
While there is an asterisk sign on the statement, the broker does make the claim right on its home page that it is UK’s number one. One of the aspects that new traders love about this broker is that they do not have to pay any commissions on their trades. The broker offers its services to traders all around the world after obtaining proper authorization from FCA. Your information is encrypted and every penny that you deposit in your account goes into segregated accounts. So, you can be sure that the broker is adhering to the highest finance industry standards.
It has probably one of the longest lists of crypto assets among many online brokers. You can trade Cardano, Stellar, IOTA, Monero, and Tron in addition to the most common and popular cryptocurrencies like Ethereum and Bitcoin.
7. AvaTrade
If you are someone who likes 0% compromise on the security of your information and funds, you would want to go with this broker. There is no need to mention that this broker is regulated. What needs to be stated, however, is that it has been authorized to provide its regulated services in six different jurisdictions. You will also be surprised at the number of trading platforms that this broker brings at your disposal for trading. You can trade on MetaTrader 4, MetaTrader 5, AvaTrade’s own trading platform or a mobile application that you can download on iPhones and any Android devices.
The list of cryptocurrencies that you can trade with this broker might not be the longest, but it definitely consist of all the major cryptocurrencies like Ripple, Bitcoin, Litecoin, Ethereum, and some others.
8. BDSwiss
With this broker, you might not have a long list available for cryptocurrency trading, but the flexibilities for traders to trade digital coins are pretty fair. You can enjoy leverages of up to 1:2, which is again not the best but there are brokers that have not even dared to offer cryptocurrency trading to date. The best thing is that you will not be paying any commissions on your trades. The four cryptocurrencies that you can trade with this broker include Litecoin, Ripple, Ethereum, and Bitcoin. All of these cryptocurrencies can be traded against the USD.
You can trust the broker because it already has more than one million traders on its platform. Just like the other best crypto broker, BDSwiss is regulated by multiple entities; FSC and CySEC to name a few.
9. CMCMarkets
When you are looking to trade safely, you should only consider regulated broker, and CMCMarkets is one of them. The broker is regulated by FCA, and adheres to the strictest financial industry standards. All the money that you deposit in your accounts is maintained in separate accounts. You have to admire that it is one of the few online brokers that have their customer support available to help you 24/7. It might also be one of the very rare breed of online brokers that require absolutely no initial deposit from you to sign up with them. You can trade Ethereum, Ripple, Bitcoin, and Litecoin with this broker.
10. TradeStation
TradeStation allows you to trade on its desktop as well as mobile applications. In short, you can trade on its trading platform no matter where you are in the world and which device you are using. In addition to the traditional trading account, you can also open a joint account with this broker. It is weird that this broker does not allow you to transfer funds into your account using a credit card. You can use the smart transfer, bank wire, and check options only. However, the good thing is that there are no deposit limits associated with your wire transfer.
One of the most amazing features of TradeStation is the lending out of securities. If there are any unused securities in your portfolio, the broker can lend them out so you can make money from them indefinitely. Ethereum, Bitcoin, Litecoin, Bitcoin Cash, and Ripple are the five currencies that you can trade on its platform against the US dollar.
