The list of CFD and Forex brokers seems to be infinite. However, only a few of them provide decent conditions for cryptocurrency trading. We know that it’s difficult to make the right choice, which is why we gathered the list of the best brokers that allow cryptocurrency trading. We hope to save you time and money.
Here is our list of the best Cryptocurrency Brokers around the globe:
Evolve Markets is top of our list, not least because you can trade the global crypto markets (along with forex, indices and commodities) with the freedom of bitcoin, meaning you can trade from anywhere in the world – even the U.S. Fund your account by bitcoin – simply, quickly and free. Instant account set-up, so you can start trading in minutes using industry-standard metatrader and webtrader platforms. Secure and private, with instant bitcoin withdrawals and no fees! Evolve Markets come highly recommended, and also feature a free practice account. Sign up HERE today and trade cryptocurrencies with Evolve Markets.
365Crypto are a top CFD crypto-only trading platform that offer the tightest crypto spreads anywhere, which is why they are featured here as one of our top recommended trading brokers. In fact, they are the only broker to offer spreads as low as 1 pip on crypto. A simple and safe trading experience, award-winning trading platform and segregated funds, you can trade the highest number of crypto asset pairings available. The user-friendly trading experience combined with great customer service, means 365Crypto is, in our opinion, a great place to trade cryptocurrencies. Sign up HERE today to trade cryptocurrencies with 365Crypto.
eToro is a fairly unique broker thanks to its social trading feature, where beginners (and others too!) can copy successful traders and socialize with the community. It revolutionized trading by introducing ETF assets to the CFD industry. eToro likes to be on-trend and it therefore could not ignore the cryptocurrency boom – so social crypto trading is now a major feature of their easy-to-use platform. You can trade Bitcoin, Ethereum, Ripple, Litecoin, Dash, and Ethereum Classic among others. Also, you can try the broker’s exclusive investment option called Crypto CopyFund, a portfolio-like product consisting of more cryptocurrencies. You can take advantage of the accumulated growth of Ethereum, Bitcoin plus other coins in the fund.Banking with eToro is convenient, as it accepts deposits and withdrawals with the credit/debit card, wire transfer, PayPal, Skrill, Union Pay, Neteller, WebMoney, and Yandex. Sign up HERE today to trade cryptocurrencies with eToro.
IQ Option is included on our list for various reasons including their easy to use platform and various trading products on offer which include Cryptocurrencies, Forex and Digital Options. With IQ Option, there are thousands of trading and investment opportunities all in the comfort one broker. Cryptocurrencies, Forex, Stocks, Options and ETFs all under one roof. Sign up with IQ Option today and see if you can handle the volatility of the markets with a free $10,000 demo trading account. Sign up HERE today to trade cryptocurrencies with IQ Option.
AvaTrade is one of the leading CFD brokerage services out there, being present in different “top brokers” lists on a regular basis. With AvaTrade, you can trade Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Dash, Ripple, and Litecoin. You can benefit from up to 20:1 leverage, but be ready for taking additional risk when going for higher leverage. The broker offers both in-house and external platforms, such as AvaTradeAct, the popular MetaTrader 4, AvaOptions, Automated Trading, AvaTradeGO, Web Trading, Mobile trading, and Mac Trading. This range is compatible with all the devices with an internet connection, and it is more than enough to satisfy any preferences. AvaTrade have a solid reputation and have been around for many years, so are wholly reliable and trustworthy, and a good place to trade not just cryptocurrencies, but other assets too. Sign up HERE today to trade cryptocurrencies with AvaTrade.
The main sponsor of the popular football club Atletico Madrid, Plus500 is a UK-based broker regulated at home (FCA), in Cyprus (CySEC), and Australia (ASiC). The broker allows non-stop trading with a decent list of cryptocurrencies, including Bitcoin, Bitcoin Cash, Ethereum, Monero, Ripple, Litecoin, Dash, and NEO. The maximum leverage figure is one of the highest in the industry, up to 30:1, suggesting that you can open a $2000 position with only $200 of your funds. You can trade on their in-house platform versions, such as Plus500 Software (downloadable version), Plus500 WebTrader, and Plus500 Mobile. Demo account is available for those who want to try their luck with virtual funds. Sign up HERE today to trade cryptocurrencies with Plus500.
Crypto CFD Broker FAQ
What exactly is a CFD Broker?
A CFD broker is a third-party service that provides potential investors with a trading platform where you can open and close trading positions, analyze the market trends, and apply various features (it differs from broker to broker).
As an intermediary, the CFD broker does not take your funds to redistribute it to market-makers. It only offers the conditions for operating with contracts for difference (CFDs). A CFD is about betting on the price fluctuation alone rather than buying the underlying assets.
For example, when you trade cryptocurrencies with CFD brokers, you don’t buy crypto-coins, but only trade on their price variation.
What is Leverage?
The leverage is an instrument that helps traders boost their profits by investing in a trade with borrowed funds. For example, if you opt for 100:1 leverage, then you can open a $1000 position with only $10 of your resources.
Keep in mind that the leverage also means much higher risk.
What is a Pip?
A pip, from point in percentage, is simply the smallest unit of an underlying asset, or the point when calculating the profits or losses. You can think about it as the last digit of the price.
For example, if ETH/USD rose from 298.85 to 298.87, then we say it added two pips.
Can CFD brokers replace crypto-exchanges like Coinbase?
No – CFD brokers offer trading conditions only. Exchanges like Coinbase or Kraken are used by those who want to buy Bitcoin or any other coin in exchange for fiat money. Purchasing Bitcoin with Coinbase is more like investing than trading.
However, the good news with CFD brokers is that you can short the cryptocurrencies without any problem.
How can I mine crypto-coins with CFD brokers?
Since CFD brokers do not operate with physical assets but only offer the platform for trading on the price, they don’t have anything in common with mining coins.
If you want to generate new coins through mining, make sure to get some decent PC equipment and use it to support the blockchain system of a particular cryptocurrency (most often Litecoin or Dash).