Best Crypto Brokers 2020

Here you can view our best crypto brokers of 2020 compiled from the ratings of hundreds of online crypto trading broker reviews and thousands of hours research. The trading brokers research team have done all of the hard work studying, testing and analysing brokers for crypto trading so that you don’t have to. All of the most vital information worth considering when choosing the best cryptocurrency broker has been comprehensively analysed with only the very best crypto brokers making it here. We have concluded these are the best crypto brokers for online cryptocurrency trading due to a number of factors including but not limited to the fact that they have strict regulation from respected regulators and are well established within the online brokerage industry. In addition to this, the top crypto brokers should offer a vast range of cryptocurrencies for trading via powerful online trading platforms with competitive fees, tight spreads, good execution speeds, flexible leverage and excellent customer support. Having the best crypto brokers based on our findings listed in one place can help cryptocurrency traders save time when identifying the best crypto brokerages according to their individual online trading needs.

Min $250 Deposit

NSBroker is a regulated trading broker that provides online trading of Forex & CFD instruments via the powerful & intuitive MetaTrader 5 platform. The broker offers tight spreads, low commissions & reliable execution speeds.

Terms & conditions apply
Trading in Forex and Contracts for Difference (CFDs), which are leveraged products, is highly speculative and involves substantial risk of loss. It is possible to lose all your capital. Your capital is not guaranteed and may go down as well as up. Therefore, Forex and CFDs may not be suitable for all investors. Only invest with money you can afford to lose. So please ensure that you fully understand the risks involved. Seek independent advice if necessary.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Over the past 12 months 54.6% of NSFX Limited’s retail investor accounts lose money when trading CFDs with NSFX Limited. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Top 3 Crypto Brokers 2020

Broker
Rating
Regulated
Min. Deposit
Founded
Max. Leverage
1.

ASIC, CySEC, IFSC

Min $5 Deposit

2009

1:880

Review Open Account Open Account
Terms & conditions apply
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.57% 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.
2.

ASIC, FCA, DFSA

Min $200 Deposit

2010

1:500

Review Open Account Open Account
Terms & conditions apply
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.6% 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.
3.

ASIC, BVI, CBI, FFAJ, FSA, FSCA

Min $100 Deposit

2006

1:400

Review Open Account Open Account
Terms & conditions apply
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% 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.
We have determined these to be our best crypto brokers for trading cryptos online as they have passed our stringent crypto broker reviews and been awarded with a broker rating that ranks them amongst our top crypto brokers. The crypto brokers that we have chosen are regulated by respected financial regulatory authorities and well-established within the online trading industry, providing cryptocurrency trading services to crypto traders worldwide.

1. XM Group

XM Group is inlcuded in our best crypto brokers of 2020. 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, BCHUSD, ETHUSD, LTCUSD, XRPUSD) 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.

Best Crypto Brokers: XM Group Review

Best Crypto Brokers: XM Group Review

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 Financial Conduct Authority (FCA), 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.

You can read our full XM Group Review to find out more about why we consider them one of our best crypto brokers.

XM Group Pros/Cons
Pros Cons
Popular cryptocurrencies No US clients
No re-quote policy No fixed spread accounts
Tight spreads
Strict regulation
No hidden costs
Min $5 deposit

XM Group is a multi-award winning globally established and regulated trading broker with over 2.5m clients from 196 countries offering no-requotes, low spreads, fast execution and negative balance protection.

Terms & conditions apply
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.57% 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.

2. Pepperstone

Pepperstone easily makes it into our list of the best crypto brokers for 2020. Pepperstone are a very large and popular online crypto broker that provides online trading services to traders across the globe. The crypto assets that they offer for trading include Bitcoin, Bitcoin Cash, Ethereum, Dash and Litecoin.

Pepperstone offer cryptocurrency derivative products across all of their 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, commodities, etc.

Best Crypto Brokers: Pepperstone Review

Best Crypto Brokers: Pepperstone Review

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.

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.

We are proud to include the established Pepperstone broker in our best crypto brokers list. If you would like to find out more about this broker, you can read our detailed Pepperstone Review.

Pepperstone Pros/Cons
Pros Cons
Multiple cryptocurrencies No US clients
Commission free online crypto trading No fixed spread accounts
Ultra-low latency execution $200 minimum deposit
Deep pool of liquidity providers
Institutional grade spreads
No dealing desk
Strict regulation

Pepperstone is one of the largest trading brokers providing traders worldwide access to trade across all markets with cutting edge technology, low cost spreads, low-latency high speed execution and award-winning customer service.

Terms & conditions apply
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.6% 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.

3. AvaTrade

AvaTrade makes it into our best crypto brokers of 2020. They offer traders a good selection of cryptocurrencies to trade through some of the best online trading platforms, including the popular MetaTrader 4 (MT4) platform. These platforms are flexible across multiple desktop, web and mobile devices so that you can trade cryptos on the go.

AvaTrade is based in the United Kingdom and an award-winning cryptocurrency trading broker. They offer the most popular cryptocurrencies including Bitcoin (BTC), Bitcoin Cash, Bitcoin Gold, Ethereum (ETH), Litecoin (LTC), Ripple (XRP) and EOS.

Best Crypto Brokers: AvaTrade Review

Best Crypto Brokers: AvaTrade Review

The fees charged by AvaTrade are very completive with up to 1:2 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 5 continents by 6 regulatory authorities.

AvaTrade rightly deserve to make it into our best crypto brokers list. You can read our full AvaTrade Review to find out more of the reasons why we consider them one of the top crypto trading brokers.

AvaTrade Pros/Cons
Pros Cons
Top cryptocurrencies for trading online No US clients
Regulation from 6 authorities No variable spread accounts
Desktop, web & mobile trading platforms
Competitive fees
Min $100 deposit

AvaTrade is an award-winning trading broker with regulation in 6 jurisdictions offering 250+ trading instruments across multiple markets and trading platforms.

Terms & conditions apply
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% 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.
Best Crypto Brokers: Crypto Trading Online

Best Crypto Brokers: Crypto Trading Online

What are Cryptocurrencies?

Cryptocurrency is a digital currency designed to be transferred between people in virtual transactions. Cryptos are built by cryptography which makes them secure and difficult to counterfeit. Most cryptocurrencies are based on blockchain technology, a distributed ledger enforced by a disparate network of computers.

Cryptocurrency is decentralised and not issued by a central authority. Thus, it is not affected by government interference which makes it even more attractive. Cryptocurrencies are not physical objects, existing only as data.

Compared to more traditional methods, it is easier to conduct transactions with cryptocurrencies as transfer are simplified with the use of public and private keys. Transfer fees are minimal in comparison to other financial transactions.

Bitcoin was the first blockchain-based cryptocurrency and still remains the benchmark and most valuable to this day. There are now thousands of different cryptocurrencies with different specifications. Amongst the other currencies include: Ethereum, Ripple, Litecoin, EOS, and a number of derived currencies, including Bitcoin Cash and Bitcoin Gold. Whilst some are direct clones of Bitcoin, others are hard forks. This is the term for a cryptocurrency that separates from an existing one via a change to the protocol that makes the previously invalid blocks/transactions valid (or vice-versa).

What is Bitcoin?

Bitcoin was the first cryptocurrency that has the characteristics of traditional currencies but is verified by cryptography. Created by the mysterious Satoshi Nakamoto in 2008 as an electronic payment system based on complex mathematical algorithms, it still remains the most popular cryptocurrency today.

Bitcoins are built and stored electronically in a digital wallet app on a computer or smartphone. Bitcoins can be sent between digital wallets without passing through a centralized authority such as a bank or other payment gateway.

The three ways to get Bitcoins are to buy them with real money, receive payment in Bitcoins or to create them on a computer using a process called mining. Mining is simply the process of verifying a crypto transaction. People around the world transfer e-coins from wallet to wallet, while miners use huge computer processing power in order to maintain the blockchain and verify transactions. When a new crypto is released, the founders will announce how many coins will be mined. After that quota is reached, no further coins can be produced.

Bitcoins can be spent fairly anonymously which makes them popular although every Bitcoin transaction is recorded on a public list known as the blockchain, nobody would know which account number belonged to you unless you told them. Although this is an attractive proposition for some, it does mean that Bitcoins can be used for trading on the black market, specifically the dark web.

What is blockchain?

A blockchain is an ever-growing record of transactions made with bitcoin or any other cryptocurrency that is maintained across a series of computers which are linked via a peer to peer network.

This list of records is referred to as blocks and they are linked to each other using cryptography. Due to its design, blockchain is resistant to modification of the data. It is “an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way. The blockchain is continuously growing and is open to anyone. When a new block is generated, it is sent to all users within the network. Each user then verifies the block and it is added to the blockchain. Each block in the blockchain contains:

  1. The details of the sender, receiver and amount of e-coins.
  2. A hash, which serves as a unique fingerprint.
  3. A hash of the previous block in the chain.

Why trade Cryptocurrencies?

Cryptocurrencies are a unique asset class with several factors that make them unique and attractive in comparison to other markets.

Cryptocurrency trading is a 24-hour market, seven days a week. Traditional markets such as forex, stocks and CFDs tend to operate 24/5. Crypto trading is open to everyone, with the average investor usually trading USD for cryptocurrency on a market and avoid the complexities and investments of mining cryptocurrencies for themselves.

Cryptocurrencies are not “fiat currencies”, they are not under the control of the government so one economy does not have a stranglehold over the crypto prices. Cryptos react to a wide range of different events including Brexit and Trumps election, these saw crypto prices soare due to uncertainties over traditional fiat currencies. Unlike other asset classes (FX, Indices, Commodities, etc.), the Cryptocurrency market is dominated by retail speculators.

Cryptocurrency trading allows traders to diversify their investment portfolio, as cryptocurrency price is primarily determined by the market sentiment, demand and supply

Cryptocurrencies, especially Bitcoin, can be very volatile which means there is an opportunity for traders to catch rapid and frequent price movements.

One of the main advantages of trading cryptocurrency is that it allows traders to buy, trade and invest without the need to rely on banks or any other financial institutions. Anyone with a crypto broker account can trade cryptos.

Best Crypto Brokers

Best Crypto Brokers

What makes a good Cryptocurrency broker?

Now we will take a look at some of the most important factors to consider when choosing a crypto broker.

Crypto broker trading hours

Due to the fact that cryptos can be traded 24/7, a good crypto broker will have their trading platform and cryptos available all of the time. Even though it is a 24/7 market, some brokers will still shut down on weekends.

Cryptocurrencies

Most crypto brokers will offer the most popular cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP) and EOS. If you would like to trade other cryptos, check that they are available through the brokers trading platform. Also consider what other trading instruments they offer if you are planning on trading other markets now or in the future.

Crypto broker leverage

Cryptocurrency leverage is usually lower than that compared to forex and CFDs. This can be a good and a bad thing. The good is that you must trade within your means whereas the bad is your position sizes are limited. Check that the crypto broker offers suitable leverage to you on their crypto offerings and make sure that you have a clear understanding of what leverage is and the risks involved with trading leveraged products.

Crypto broker minimum investment

As cryptocurrencies are a relatively new asset, you may want to only start trading with a small amount to test the waters. Therefore, check the minimum deposit requirement from the broker and consider starting on a demo account to begin with.

Crypto broker trading platforms

If you are well versed on a particular trading platform and wish to keep using it, check that it is offered by the broker. MetaTrader 4 (mt4) is the most popular and widely used trading platform which most traders find user friendly. One of the other main advantages of mt4 is that most online trading brokers offer it. Thus, it could make any potential transition to another broker in the future easier.

Crypto broker liquidity providers

When choosing the best crypto brokers, it is worth considering the liquidity providers (LP’s) that the brokerage implements. A liquidity provider is a company or an individual that quotes both a buy and a sell price in a financial instrument or commodity held in inventory.

Each liquidity provider streams through a direct feed of executable buy and sell prices to the broker. The broker will then usually select the best buy price and the best sell price, which result in the best available spread.

Thus, it can be important that the broker has a variety of top-class liquidity providers to ensure that they can offer some of the best possible prices across a range of different assets during various market conditions. Liquidity providers can be global banks, financial institutions and other market makers.

Liquidity Providers include First Prime Broker “B2Broker” who are offering Forex, CFD and Cryptocurrency liquidity via multiple ways of connection, focusing mainly on the Crypto liquidity. They offer aggregated liquidity on cryptocurrencies, using aggregator MarksMan. B2Broker serve as a major provider for Forex Brokers, Crypto Exchanges, some banks and other Prime Brokers.

Crypto broker customer support

Make sure that the crypto broker provides prompt support, ideally 24/7 as cryptos are available to trade around the clock, seven days a week. Ensure they offer a method of contacting support that you prefer. Some traders like to speak directly to support over the phone whereas others find online chat more convenient. The location of the broker should also be considered due to time differences although most established brokers will have multilingual support teams located around the globe.

Crypto broker regulation

When choosing a broker for crypto trading, you should check that they are regulated by a relevant government authority. The most respected regulatory authorities to look for include the Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) and the Financial Conduct Authority (FCA). Regulated crypto brokers can provide more protection to traders than an unregulated broker can.

Best Crypto Brokers: Cryptocurrencies

Best Crypto Brokers: Cryptocurrencies

How to trade Cryptocurrencies?

Trading cryptocurrencies with an online cryptocurrency broker is relatively similar to trading other markets such as forex and CFDs. You simply buy and sell them as and when you want to, attempting to profit in the difference between prices. The volatility of cryptocurrencies, especially Bitcoin, has made them a popular choice among new and existing online traders across the globe.

In order to speculate on cryptocurrencies, you will need a crypto broker trading account. You can find a crypto trading broker from our best crypto brokers on this page. Once you have completed the quick sign-up process, you can fund your account and choose the cryptocurrencies that you wish to trade.

Need help choosing from the best crypto brokers in 2020?

If you are still unsure which is the best crypto broker for you then you can use our free online broker comparison tool to quickly compare online brokers based on trading platforms, trading instruments, minimum deposit, regulations, leverage, funding options and more. You can also read our broker reviews and choose from our best brokers that we have conveniently categorised into the best online brokers, best forex brokers, best stock brokers, best CFD brokers, best crypto brokers, best trading platforms, best social trading platforms and best trading apps. If you would like to look for the best trading brokers in a particular country, we have pages dedicated to our best forex brokers USA, best forex brokers UK, best forex brokers Australia, best forex brokers South Africa and best forex brokers Canada. There are also pages for our best stock brokers USA, best stock brokers UK, best stock brokers Australia, best stock brokers South Africa and best stock brokers Canada.