Best Crypto Brokers
Richard Montana | October 21, 2022
A cryptocurrency broker is a firm or an individual that acts as an intermediary between the cryptocurrency markets to facilitate buying and selling of cryptocurrencies. Cryptocurrency brokers enable buying and selling for customers at prices set by the broker. For providing this service, a broker charges these users premiums for using the platform.
In the widest and most basic sense, cryptocurrency trading means that investors speculate on the price movement of cryptocurrencies. If you want to start cryptocurrency trading, you have plenty of options. You can trade cryptocurrencies using a cryptocurrency broker or a cryptocurrency exchange.
Whilst many traders and investors are already familiar with forex trading and trading stocks, more and more are giving serious consideration to including cryptocurrencies within their portfolio. If you are one of them, this handy crypto trading broker guide can help you discover some of the best crypto brokers in an industry which has often garnered a bad reputation from unscrupulous companies.
Top 10 Crypto Brokers
ASIC, BaFin, CFTC, DFSA, FCA, FINMA, FMA, FSA, FSCA, JFSA, MAFF, MAS, METI, NFA
AvaTrade makes it into our best crypto brokers list. They offer traders a good selection of cryptocurrencies to trade through some of the best online trading platforms and apps, including the popular MetaTrader 4 (MT4) platform. These platforms can be used on desktop, in your web browser and as mobile trading apps so that you can trade cryptos on the go.
AvaTrade are based in the United Kingdom and an award-winning cryptocurrency trading broker. They offer the most popular cryptocurrencies including Bitcoin (BTC) and Ethereum (ETH). You can trade manually or utilise the brokers automated trading solutions if you are looking for a social trading platform.
The fees charged by AvaTrade are very competitive with leverage offered on cryptocurrencies. You can start trading cryptos online from a deposit of just $100 and have around the clock customer service in 14 languages. They are also regulated across multiple continents by various regulatory authorities.
Overall, I think AvaTrade are one of the best brokers for trading cryptocurrencies in a regulated environment with a good product range and variety of innovative features that help set them apart from the rest.
IG earn a spot in our list of the best crypto trading brokers. Founded in 1974, IG are a very well-established brokerage firm and one of the largest in the world. They offer traders a choice of more than 10 cryptocurrency markets with cryptocurrencies including Bitcoin and Ethereum. The broker also offers broad exposure in a single trade with their own Crypto 10 index whilst there is no crypto wallet needed. Commission fees are very competitive when compared to other competitors.
IG have a choice of powerful crypto trading platforms that can cater to the needs of different types of crypto traders. There is the well-known MetaTrader 4 platform along with the brokers very own IG trading platform and ProRealTime which is useful for conducting thorough market analysis.
The broker enables traders to speculate on both rising and falling cryptocurrency prices with leveraged positions in order to make the most of volatility. The vast liquidity pools integrated within the trading environment helps to ensure that there is more chance of executing your trade at your chosen price.
IG is a multi-regulated FTSE 250 company with a selection of convenient methods to safely and easily deposit and withdraw funds to and from your trading account. They also supply traders with a selection of useful trading tools and educational materials to support them with their crypto trading. Client support is on hand 24 hours day via phone, email or live chat.
I think IG are one of the best brokers in the industry, not just for trading cryptos but for trading and investing online full stop. They have some of the best trading conditions that you will find anywhere and are one of the most well-regulated brokers that offers cryptocurrencies.
Pepperstone easily makes it into our list of the best crypto brokers. Pepperstone are a very large and popular online crypto broker that provides online trading services to traders across the globe. They have a decent offering of crypto assets for trading online with top conditions including Bitcoin and Ethereum.
Pepperstone offer cryptocurrency derivative products across all of their excellent trading platforms, including the popular MetaTrader 4 (MT4) platform and the powerful cTrader platform. This allows users to access the crypto markets from anywhere in the world and whilst on the go. From the same brokerage account, you can trade other markets including forex, CFDs, stocks, indices and commodities. It is great being able to access and manage everything from one place.
Based out of Australia, Pepperstone is authorised and regulated by the Financial Conduct Authority (FCA) and the Australian Securities and Investment Commission (ASIC). Regulation can give clients extra protection that they would not have using an unregulated brokerage. I personally consider this to be top-tier regulation and therefore have no problem trusting them. In the years that I have held an account, I have yet to run into any problems. All withdrawals have been processed smoothly.
Although Pepperstone are well known for their forex trading products, crypto traders can also take advantage of their ultra-low latency execution and deep liquidity pools. This gives a favourable trading environment with access to institutional grade spreads and fast trade execution speeds. There are currently no commission fees charged for trading cryptos online with Pepperstone.
I think Pepperstone can be a solid choice of broker for anyone who is looking to also trade forex and wants access to tight spreads with some of the best execution speeds you can find.
IC Markets are considered to be one of our best crypto brokers as they are regulated and provide traders with an innovative crypto trading environment. The broker has a vast amount of liquidity from over 50+ liquidity providers which helps to ensure reliable trade execution speeds. There is a choice of intuitive and powerful trading platforms along with standalone trading tools, educational resources, various account types and flexible funding options.
IC Markets have a cryptocurrency CFD product that allows traders to go long or short without needing to actually own the underlying cryptocurrency. This means traders can speculate on the changing price of cryptocurrencies without being concerned about the security risks involved with storing them and the potential counterparty risk from the exchange. This is similar to trading futures such as gold, where you can speculate on the price movements of gold without needing to physically own gold bars that you would need to store securely. The available cryptos include Bitcoin and Ethereum as you would exepct.
I have had multiple accounts with IC Markets over the years and have watched them go from strength to strength. I appreciate how they are always at the forefront of innovative technologies and adapting to the latest market trends and demands of traders. I think they are can be a good broker if you are looking for low cost crypto trading on industry leading platforms with lots of choice in terms of trading products and services. They have excellent customer support, even on weekends, and have always been quick to process my withdrawals.
XM Group are included in our best crypto brokers list. They are one of the largest crypto trading brokers in the world with millions of clients in 196 countries. They offer traders around the globe access to trade some of the most popular cryptocurrencies (BTCUSD and ETHUSD) with tight spreads and a no re-quote policy for superior execution speeds.
Online cryptocurrency trading with XM Group is available 24 hour a day, five days a week. They have a choice of user-friendly trading platforms that are packed with tools to assist with market analysis. There are no hidden costs trading with them with transparency being the main driving factor of the services they provide.
As well as offering the best cryptocurrencies for trading online, they have over 1,000+ other trading instruments if you wish to trade other markets all from one trading account. XM Group are authorised and regulated by the Australian Securities and Investment Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC). This strict regulation can give traders peace of mind that they are using a reputable broker who have their best interests in mind.
I have had an account with XM for many years now and they have always been at the forefront of the brokerage industry, being one of the first brokers I found who started to support cryptocurrencies. I think they can be worth consideration for anyone who is looking to trade crypto and other financial instruments in a regulated environment with minimal hassle.
Admirals is an award-winning and multi-regulated cryptocurrency broker that offers a large selection of trading instruments with very competitive trading conditions on the advanced yet user-friendly MetaTrader platforms for desktop, web and mobile devices. Cryptocurrency trading is available 24/7 with competitive leverage up to 1:5 and the ability to go long or short on some of the most popular Cryptos such as Bitcoin and Ethereum.
Eightcap is a regulated crypto broker offering over 200 CFD trading instruments on the user-friendly MetaTrader platforms including Forex, Stocks, Indices, Cryptos and Commodities. The broker has low commission fees, tight spreads, flexible leverage, rapid execution speeds, fast and free funding options, trading tools, educational materials, managed accounts and industry leading customer support.
Axi is an award winning, regulated online broker where you can trade cryptos and speculate on movements in price. They offer tight spreads, low commissions, rapid trade execution speeds and a range of different markets. Advanced platforms and trading tools ensure an excellent trading experience. You can trade cryptocurrency CFDs online with Axi, provided that it is allowed in your country of residence. With Axi, you don’t need to own any Bitcoins to trade it – they allow you to trade Bitcoin CFDs which is where you trade on the price movements, meaning you have the potential to make profit or loss from either direction.
FP Markets is an established and regulated crypto broker that offers a huge range of 10,000+ trading products across multiple global markets, including a generous choice of crypto CFDs. They have award winning platforms with transparent pricing, fast execution speeds and competitive trading costs.
Since 2001, easyMarkets has been offering traders around the world innovative features, flexible trading platforms and over 200+ global markets. They are an award winning and established broker with competitive trading conditions for all traders. With easyMarkets, you can trade cryptocurrencies with no exchange account or digital wallet necessary.
Margex is a cryptocurrency Exchange that offers a reliable way to trade Bitcoin with leverage of up to 1:100. The Exchange provides traders with an advanced trading and investment platform that provides a cutting-edge trading infrastructure worldwide. You can use the platform for trading multiple digital assets, such as Bitcoin, Ethereum, and more. The broker’s support team is available 24/7 to assist traders. The Exchange is focused on offering a fair, secure, and easy-to-use platform with the highest class of financial technologies globally.
Margex utilizes the most practical and highly scalable infrastructure type that enables traders to trade uninterrupted, even during peak market activity. Margex combines the very best of cryptocurrency and bank-grade security standards. 100% of the assets in Margex are stored in cold offline wallets. They strive to maintain transparency in every aspect, ensuring that every bit of information is available to you, from the submission of your order to its execution.
Margex provides traders with a proprietary trading platform for trading all the available digital assets. The trading platform is built with an intuitive user interface, making it suitable for all levels of traders. The trading platform combines liquidity of 12 exchanges in one place, and it is designed with bank-grade multi-layer security; as such, it does not request the personal details of users. The Margex trading platform is available as a WebTrader that runs directly on modern web browsers, such as Chrome, Safari, Firefox, and Edge, without the need to download additional software. The Margex’s trading terminal consists of the following:
- Chart and order placement module
- Order and Deals management module
- Order Book and Last Trades
Margex makes available a plethora of educational resources on its website to ensure that traders make informed trading decisions. These educational resources include trading guides, learning articles, educational courses, video tutorials, and a help center that guides traders on how to get started with the Exchanges.
Margex allows traders to create a single live trading account and start trading. Traders are allowed to deposit and withdraw funds to and from their live trading accounts using various digital currencies. The Exchange also has a demo account option; it allows traders to test out their trading strategies before implementing them on the live account options.
The Exchange’s clients’ support team is always available to respond to clients’ general, general, and account-based inquiries. The support team can be reached via the following contact channels: telephone, email, Live Chat, and social media.
Margex is an online cryptocurrency Exchange that provides traders with the right resources — various learning resources, responsive client support team, proprietary trading platform, and more — to enable them to trade the global financial markets with ease. The Exchange offers multiple digital assets for trading on its trading platform. Their clients benefit from competitive trading conditions, such as flexible leverage and more.
Here you will find our best crypto brokers, based on thousands of hours of extensive research, testing and analysis across hundreds of brokers. Upon conclusion of each of our broker reviews, we have assigned each broker with a rating.
Some of the most important factors that contribute towards a good broker for trading crypto online have been considered including things such as the available cryptocurrencies, other financial instruments, platforms, apps, tools, spreads, execution, liquidity, fees, education, funding options, regulation, customer service and more.
Each of our chosen crypto brokers have undergone and passed our stringent broker reviews with flying colours, based on what we consider to be amongst the most important considerations when choosing a crypto broker for trading online. These brokers are well-established within the online trading industry, providing top crypto trading conditions to traders and investors of all experience levels.
Having the best crypto brokers according to our findings listed in one place, can help you save time when looking for the best crypto broker for your own individual needs.
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