Best Crypto Trading Accounts 2020

If you are looking to trade cryptocurrencies online then you will need to open a crypto trading account with a crypto broker. There are many good crypto brokers to choose from that offer a variety of crypto trading accounts. It can therefore be difficult to decide which is the best crypto trading account for you. Some of the important things to consider before choosing a crypto trading account are the brokers fees, regulation, execution model, trading platforms, educational resources, trading tools, customer service and cryptocurrencies available to trade. The trading brokers review team have studied and analysed thousands of crypto trading accounts across hundreds of crypto brokers to save you time and help find the right one for you.

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 Trading Accounts 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 chosen these crypto brokers as our top choices for passing our extensive analysis and research which showed that they offer some of the best crypto trading accounts for crypto traders of all experience levels, investment sizes and individual requirements.

1. XM Group

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 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 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 Trading Accounts

Best Crypto Trading Accounts

What is a crypto trading account?

An online crypto trading account is an account where you can deposit funds for the purpose of investing in cryptocurrencies. When you have a crypto trading account with an online crypto brokerage, you can use their trading platforms to buy and sell cryptos. This can include Bitcoin, Ethereum, Ripple, Bitcoin Cash, Stellar Lumens, EOS, Litecoin and more.

What makes a good crypto trading account?

Most crypto brokers will offer a variety of crypto account types to cater to the different needs and investment sizes of crypto traders. Whether you’re looking to invest for the long term or buy and sell cryptos regularly, you can find a crypto broker that provides your ideal account. Some of the key features to consider when looking for the best crypto trading account for you include:

Broker regulation

One of the most important things to look for is that the crypto trading account is offered with a crypto brokerage firm that is regulated. A regulated crypto broker can give investors certain protections that an unregulated crypto broker cannot.

Minimum crypto trading account deposit

Each crypto trading account will have a minimum investment size required to open the account. Some crypto brokers offer accounts from just $1 whereas other specialised account types can require much larger deposits of $500+.

Crypto trading account leverage

A leveraged crypto trading account allows you to trade with a larger position size than you would be able to without leverage. Whilst this can also increase potential profits, it can also significantly increase risks. You should make sure that you have a clear understanding of how leverage works and only open a crypto trading account with a leverage that you feel comfortable with.

Crypto trading platforms

If you are familiar with a particular crypto trading platform then you may want to make sure the crypto account type offers that platform. If you are new to online crypto trading then you may wish to consider a crypto trading platform that is user friendly such as the popular MetaTrader platforms which are provided by most crypto brokers. The trading brokers review team have compiled a list of our best MetaTrader brokers. Some investors may wish to use a social trading platform so if you do, check that this is available before you open a crypto trading account.

Crypto trading tools

When you are looking to trade cryptos online, you are likely to need some tools to analyse the cryptocurrency markets. This can include technical indicators, fundamental tools such as economic calendars and sentiment analysis, trading calculators, Trading Central, etc. The more tools a crypto account has, the more detailed cryptocurrency market analysis you will be able to conduct. If there is a particular tool that you cannot trade without, it may be worth making sure that it is available on your chosen crypto account.

Cryptos available to trade online

Some brokers offer the same cryptos for trading across all account types whereas others have a different selection depending on the account. You will want to make sure that the crypto trading account that you are considering has all of the cryptos that you would like to trade online now and in the future. If you plan to trade assets other than cryptocurrency, you should also check that these are available. Other asset classes include forex, commodities, stocks, precious metals and energies.

Crypto account fees

When you trade cryptos online you will usually need to pay a commission fee to the crypto broker for entering and/or exiting your positions. Check the commission on each crypto trading account and consider how it will affect your money management and if it is a charge that you are happy with. If you are looking to save on trading costs as much as possible, you can take a look at our best discount brokers.

Crypto account spreads

When you are trading cryptos online, you may need to pay a spread for each position that you take. The spread is the difference between the bid and ask prices of the cryptos. Some crypto brokers offer fixed spread and variable spread accounts. You should make sure that the spread type and size is suitable for your crypto trading strategy. E.g. crypto traders who use scalping strategies usually require low spreads whereas swing traders may not be so concerned with the spreads.

Crypto account fees

In addition to the commission and spreads, crypto trading accounts can incur other fees that you should be aware of and clarify with your crypto broker if need be. Other crypto trading fees can include rollover/swap, account inactivity fees and deposit/withdrawal fees.

Crypto account funding options

The crypto trading accounts provided by brokers will support different methods to make deposits and withdrawals to and from your account. Common payment options include bank wire, credit/debit card and online payment processors such as PayPal, Skrill and Neteller. You should check that the crypto brokers accounts support those methods that are most convenient to you, considering how long each can take and the costs that may be involved.

Trade execution

Brokers can have different execution models on each crypto account type. Some crypto brokers utilise an STP/ECN model with no-dealing desk (NDD) interference and thus no conflict of interest between broker and traders. Others will incorporate a market maker model which means that they take the opposite side of the trade. You should consider what execution type you would prefer and choose the relevant trading account type.

Liquidity providers

Most crypto brokers use a combination of liquidity providers (LPs) such as banks and funds. This is where they get their price quotes from. Usually, the more LPs that a crypto broker has, the better the prices they can offer to crypto traders are.

Position size

Some crypto accounts have minimum and maximum position sizes. You should check that the account type you are considering supports the position sizes you plan to use now and in the future.

Educational resources

It can be beneficial especially for beginners to opt for a crypto broker that has a trader’s academy with a selection of crypto trading guides, tutorial videos and webinars. These can help to familiarise users with the difference between the crypto trading account types provided. If you are new to trading online and would like as many educational resources as possible, you may wish to take a look at our best brokers for beginners.

Best Crypto Accounts: Open A Crypto Account

Best Crypto Accounts: Open A Crypto Account

Opening a crypto trading account

Opening a crypto trading account requires that you provide your chosen crypto brokerage with some personal information which will usually include your contact details, proof of identity and address confirmation. This is a normal part of know your customer (KYC) procedures to ensure that brokers are compliant with anti-money laundering (AML) policies. Some brokers will ask for details about your financial experience which is just to make sure that their crypto trading services are suitable for you.

Once your trading account has been verified which can be within the same day, you are able to make a deposit and trade cryptos online. Different crypto brokers may have different requirements depending on the jurisdiction and how its business operates. Simply choose a crypto broker and crypto trading account that meets your needs, follow the account opening process and you will be able to start trading cryptos online.

Need help choosing from the best crypto trading accounts in 2020?

If you are still unsure which is the best crypto trading account for you then you can use our free online broker comparison tool to quickly compare crypto accounts 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.