Regulated Cryptocurrency Brokers
Jun 2023
| Broker | Regulated by Regulatory agencies ensure that brokers operate in a transparent and honest way. They protect the best interests of clients and also feature an investor compensation scheme which protects trader's deposits up to a certain limit. Some of the major regulators in the industry include the CySEC in Cyprus, the FCA in the UK and the ASIC in Australia. | Min. deposit | Trading platforms A trading platform is a computer or mobile software program used to execute transactions within the financial markets. | Cryptocurrencies | Special features A list of features that provide a given broker with a competitive edge. | Warning & Ad Disclosure The table below contains links to 3rd party websites of our top partners from whom we receive compensation at no additional cost to you. Availability subject to regulation |
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CFTCIIROC | $ 0 | MT4, TradingView, OANDA Trade | 10 crypto pairs |
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Start trading |
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SEC | $ 10 | In-house built platform | 51 crypto pairs |
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Get startedRead a review |
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CBIFSCAASIC | £/€/$ 100 | MT4 & MT5 & Avasocial App | 20 crypto pairs |
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Start tradingRead a review |
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CySECFCAASIC | £/€/$ 50 | In-house built platform | 70 crypto pairs |
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Start tradingRead a review |
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CySECFCAASIC | £/€/$ 0 | MT4 & MT5, TradingView & cTrader | 21 crypto pairs |
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Start trading |
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CySECASIC | £/€/$ 100 | MT4 & MT5, cTrader | 12 crypto pairs |
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Start tradingRead a review |
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CySECFCAFSCA | $ 1 | MT4 & MT5 | 36 crypto pairs |
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Start tradingRead a review |
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$ 10 | In-house built | 12 crypto pairs |
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Start tradingRead a review |
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 74-89% of retail investor accounts lose money when trading CFDs.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.
All trading involves risk. Only risk capital you're prepared to lose.
OANDA CORPORATION IS A MEMBER OF NFA AND IS SUBJECT TO NFA'S REGULATORY OVERSIGHT AND EXAMINATIONS. HOWEVER, YOU SHOULD BE AWARE THAT NFA DOES NOT HAVE REGULATORY OVERSIGHT AUTHORITY OVER UNDERLYING OR SPOT VIRTUAL CURRENCY PRODUCTS OR TRANSACTIONS OR VIRTUAL CURRENCY EXCHANGES, CUSTODIANS OR MARKETS
The cryptocurrency market is more live than ever. If we want to get on the right track right from the beginning, we need to choose our crypto broker carefully. Every broker offering crypto trading is not the same. If a broker meets the requirements of one particular client, it does not mean that it will also meet yours. There are several aspects to think about when choosing your cryptocurrency broker.
How to go about choosing the best crypto broker
To avoid being scammed or treated unprofessionally you should trade solely with regulated brokers. Only brokers that are regulated in your jurisdiction can legally offer services to you, such companies are under constant supervision of the regulatory body. There are 2 major financial regulators in Europe; the CySEC and FCA. A broker that is regulated by one European regulator has the right to provide cross-border services to other members of the European Economic Area.
A broker that is, for example, regulated in Cyprus by the CySEC provides the same investor protection even for a trader from Germany, Italy, Netherlands or any other EEA country member.
In Australia and South Africa, the most prominent financial regulators are the ASIC and FSCA, respectively.
Before you open your trading account at a brokerage company, you have to first find out whether the broker you are considering offers all the cryptocurrencies you want to trade. Bitcoin, Ethereum, and Litecoin can be traded almost everywhere. Less popular cryptocurrencies like IOTA, Monero, Zcash, and others might, however, not be available on every trading platform. In case you want to trade them at any point, keep this in mind and make sure it will be possible.
Cryptocurrencies are volatile in their very nature, but if you want to trade with bigger capital than you have you can take advantage of leverage. All brokers that are regulated in the EU follow ESMA laws and offer leverage 2:1. Remember, however, that leverage does not only multiply your earnings but also your losses, should your prediction be incorrect.
You probably do not want to trade with a broker that does not include negative balance protection in the package. The negative balance protection feature ensures you never lose more money than you invest. All users that trade with a broker that is e.g. licensed by the CySEC regulator are protected against negative balance.
How much do you plan to trade with? Does your crypto broker offer to trade with a small starting capital? If not, is it an obstacle for you? Or do you plan to trade in big in order to make that big money? Decide for yourself before you choose your cryptocurrency broker.
Fees – as low as possible
Let's face it, no one really likes them, but they are always there. Yes, we are talking about fees. We know that brokers have to finance their operation somehow, but the lower the fees are, the better. In general, most cryptocurrency brokers we know charge your account with a spread (i.e the difference between the ask and bid price) and with an overnight fee. It is quite hard to determine which broker has the lowest fees as they are not fixed and they tend to change according to the current market conditions. They are also quite different for Bitcoin as well as other cryptocurrencies, so while one broker might have very competitive spreads on Bitcoin, they might charge high spreads on Stellar, or other altcoins. For that reason, the best practice is to open a demo with a reputable company to see what spreads a broker charge in real-time on cryptocurrencies you want to trade.
Overnight fees
While the spread is plausibly the most substantial fee you will have to face when trading, you should also know how big is the overnight fee charged by your broker. The overnight fee is deducted from your balance if you stay in a position overnight. This expense should be monitored especially by traders who want to hold on to their cryptocurrencies for a while.
Trading platform
To beat their competition, the world's leading cryptocurrency brokers try to attract clients to an intuitive trading environment suitable for both experienced and inexperienced traders. Almost all brokers include in their offer technical analysis tools and basic risk management features like a stop loss or take profit. Most companies do not, however, limit their offer only to the mentioned necessities and also offer price alerts, advanced educational centres or perhaps even a social trading network. Here are a few special features that one of the top crypto providers with an international presence have to offer.
| Broker | Special features | Special features |
| eToro | Allows you to follow and copy other traders | Purchase of real cryptocurrencies (not only as CFDs) |
| FP Markets | Most trade executions are processed under 40 milliseconds | Frequent online webinars |
| Pepperstone | 4 World's leading trading platforms; MT4 & MT5, TradingView & cTrader | Most orders are executed in less than 30 milliseconds (Pepperstone Group Limited) and 60ms (Pepperstone Limited) |
| AvaTrade | MT4 & MT5 | Avasocial App (Mobile app that allows you to follow and copy other traders) |
| XTB | xStation 5 | Comprehensive educational centre |
Popular Regulated Cryptocurrency Brokers
eToro
Bitcoin, Ethereum, Cardano, Solana, Dogecoin, Shiba Inu, Polkadot, Polygon, Sandbox, Binance Coin...
eToro
Bitcoin, Ethereum, Cardano, Solana, Dogecoin, Shiba Inu, Polkadot, Polygon, Sandbox, Binance Coin...
AvaTrade
Bitcoin (vs USD or EUR or JPY), Ethereum, Litecoin, Stellar, Dash, Bitcoin Cash, Bitcoin Gold, MIOTA, NEO, EOS, ChainLink, UniSwap, Dogecoin + Crypto 10 index
Pepperstone
Bitcoin, Ethereum, Cardano, Solana, Dogecoin, Avalanche, Polkadot, Polygon, Ripple, Uniswap, Binance Coin, Tezos, Stellar, EOS, Dash, Chainlink, Litecoin + Crypto10 Index, Crypto20 Index, and Crypto30 Index.
FP Markets
Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Cardano, DogeCoin, Polkadot, EOS, ChainLink, Stellar, Ripple
XTB
Bitcoin, Ethereum, Bitcoin Cash, Binance coin, Cardano, ChainLink, Dogecoin, EOS, Litecoin, Polkadot, Ripple, Stellar, Tezos, Uniswap
The best Crypto broker – FAQ
⭐ What is the best cryptocurrency broker?
To answer what is the best cryptocurrency broker, we would have to know your needs and preferences. Having said that, you should look for a broker that is regulated in your country, has competitive fees and features cryptocurrencies you want to trade.
Regulation
If you are based in Europe, you should look for a broker that is regulated in at least one European country. The most common financial regulator in Europe is the CySEC which is headquartered in Cyprus. If you are based in Australia, look for the ASIC regulation (A regulatory body that oversees the financial market in Australia). If you are based in the US look for the CFTC regulation.
Fees
The number one fee when trading with a CFD broker featuring cryptocurrency trading is going to be the spread. Visit a broker that you like and check their website to see what spreads they charge. You can find this info either directly on their trading platform or on a page that is dedicated to the broker’s fees.
Tradable cryptocurrencies
Each broker features different assets. The most common cryptocurrencies usually have all brokers, but if you are looking to trade some less popular altcoins, make sure your broker offers them.
⭐ Can I try cryptocurrency trading risk-free?
Yes, with most cryptocurrency brokers you can open a free demo account on which you can trade with play money. No initial deposit is required.
⭐ What cryptocurrencies can I trade with cryptocurrency brokers?
It depends on what crypto broker you choose. Nearly all cryptocurrency brokers feature Bitcoin, Ethereum and Ripple, but only some allow trading other-less popular coins. In this article, you could find all cryptocurrencies that some of the best crypto brokers feature.
Conclusion – The best crypto broker
It would be easy to point a finger and say this is the best crypto broker for you to choose. We, however, know that each client has different preferences so while one trader might want a trading platform with the lowest spreads to day trade cryptocurrencies, the other might rather appreciate a copy trading system to follow the world’s most successful investors. The brokers featured in this article are some of the most popular regulated cryptocurrency brokers out there, the decision of who is the best crypto broker for YOU is, however, in your hands.
>> Use a free practise account
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Hi Michael. I’m retired and simply want to augment my pension with some of the crypto gravy. I have no idea where to start, I only now trade some stocks.
I’m getting some ads with amazing sounding promotions. Brokers that promote a 90% win robot, then when you sign up, a broker – usually from London – calls to see if they can help you trade. I want hands off till I learn. Is there anyone licensed you trust that can provide trading for me. I’ll send in some funds, and they can manage it and take a small cut. Is there a good brokerage out there?
Ian
Hello Ian,
I bet there are many people who would love to trade with your funds, but be very careful. From my experience, 99% of robots do not work and the people behind them are simply scammers. That being said, you have two options if you want to get in cryptocurrencies. You can either learn how to trade on your own (the better option) or you can use a copy-trading system. eToro has probably one of the most sophisticated copy-trading systems out there, so that could be your pick. Once you log-into to their platform, find a trader who trades cryptocurrencies and has stable performance. After that, you can start copying his/hers trades (this is done automatically). Best of luck Ian!
PS: All brokers that are featured on this page are regulated either by the British Financial Conduct Authority or by the CySEC in Cyprus.
bonsoir svp peut on faire du copy trading avec IQ option?
Hello,
IQ Option has a feature that allows you to communicate with other traders, but they do not support copying other traders. For that, you can have a look at eToro.
Hi Michael,
First of all I liked to read your articles, very readable for a newbie in this world.
Last week I opened an account on ejinvesting.com and deposited the minimum amount of €250, didn’t want to take the risk of losing a lot of money.
After reading the article above I found out that ejinvesting is not regulated which made me become a bit suspicious. Do you know if they are legit?
Also this, after creating the account I was contacted on WhatsApp by an account manager who brought me in contact with a financial advisor. Is this normal for tradingsites?
First thing she (financial advisor) asked on WhatsApp was if I could install AnyDesk so she would be able to go through all the screens to explain. Told her I would not as I don’t want anyone on my pc.
Then yesterday she asked me not to open any trades by myself because of the risk to lose some funds.
To me, all this makes me feel it’s a scam.
One other question. Is it normal that the sell and buy prices sometimes reverse for some time? I mean that the buy price is lower than the sell price? For instance, I had BTC buy 22,645.85 and sell 25,021.8
I’ve seen this three times now and that’s why my current balance is over €600. When this happens it’s always around 8 AM (GMT +2) in the morning.
Anyway, I don’t have much trust in them so I’ll see if I can do a withdrawal and find a regulated broker.
Hello Tom,
Thanks for reaching out, I am glad you find my content helpful!
I have checked the site you mentioned and it indeed does not seem like they are regulated. In addition to that, they have very low to no online presence with literally 4 reviews on TrustPilot which are not particularly good…The fact that they contacted you on WhatsApp is not especially weird. However, it is odd they have asked you to install AnyDesk. If she wants to show you some images, she can just send them via WhatsUp or email, AnyDesk is usually used to control the PC of the users on the other end.
The fact she does not want you to trade on your own sounds indeed shady. Of course, you risk losing some funds, but that’s normal, how else could you trade?
No that’s absolutely not normal. The buy price can never by lower than the sell price. It doesn’t matter what time of the day it is. From everything you have said, there are several red flags as to the legitimacy of the broker you are trading with. I hope they will let you withdraw your money (if you decide to do so), because it’s often a problem with companies that are not regulated who have bad online reputation.
I hope my answers will be of help to you. If you need anything more, please let me know.
Hi Michael,
Thanks for the reply.
I was lucky I made my deposit with Paypal. When I checked I saw the transaction was not yet accepted by them so I called Paypal and was able to cancel the transaction.
I also made screenshots and recordings of all communications and everything on the trade screen.
While I was recording the trade screen, the buy and sell prices reversed, a quick trade was made (3 sec between buy and sell) and the prices were reversed back to normal.
Making that much profit in a week with just a little deposit was to good to be true.
Hello Tom,
That was a pretty good idea, to ask Paypal for a refund, good thinking. I believe you made a good decision that saved you a decent amount of money. Shady brokers are known for this strategy. They let you think you can make tons of money doing little to nothing, then they ask for a bigger deposit and because you think you have a solid chance to make big bucks you make the deposit. And soon after you lose all.
I hope your experience with your next broker will be much better! If anything, just drop me a line :).
Cheers!
Michael