TOP 5 Rated Regulated Crypto BrokersOct 2018
General warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65-84.94 % 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
The comparison above doesn't cover all brokers out there. We might be partners with some of the listed companies
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.
Cryptocurrency brokers – Aspects to consider
Cryptocurrencies we want to trade
Initially, you have to find out whether the broker you are considering offers all the cryptocurrencies you want to trade. Bitcoin, Ethereum, and Litecoin can be traded everywhere. Less popular cryptocurrencies like IOTA, Monero, Zcash, and others might, however, not be offered by every crypto broker. Keep that in mind and if you plan to trade them at any point, you have to know whether it will be possible.
Leverage – Multiplying your capital
Cryptocurrencies are super volatile and their prices move extremely fast which makes it possible to generate very good earnings even without using leverage. If you are thinking of multiplying your investment to earn even more, you should ask yourself what leverage would be appropriate and whether the way in which cryptocurrencies move is not enough just as it is. Answer these questions and choose your cryptocurrency broker accordingly.
Negative balance protection – Necessity
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 can never lose more than you invest.
Appropriate capital according to your possibilities
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.
Spread – the lower the better
One Ethereum coin can be bought for example for $394.01 and can be sold back for $392.00. The difference of $2.01 is the spread that cryptocurrency brokers charge for providing the opportunity to buy or sell cryptocurrencies at any time. Every broker has different spreads on different cryptocurrencies. If you chose to trade BTC and the spread is set at $18 for a coin worth around $6 000, for a Bitcoin purchase worth $100 the spread will be $0,375.
1# 24option – One of the best Crypto brokers Overall
24option is an attractive CFD cryptocurrency broker with one of the tightest spreads in the industry. The broker supports MT4, but it is also possible to trade via a web-based platform or a mobile app. a free demo account can be opened at any time, real trading is possible from $100. The company offers not only trading cryptocurrencies against the dollar, but also against euro or pound sterling.
List of available cryptocurrencies (10): Bitcoin, Bitcoin cash, Bitcoin gold, Dash, Ethereum, Ethereum Classic, Litecoin, Ripple, Monero, Stellar
CFD Service. 84,94% retail clients lose money
2# eToro – Impressive social trading features
eToro is a popular social trading platform that features cryptocurrency trading. The company has fair spreads and does not charge an overnight fee to buy positions on cryptocurrencies (if no leverage is used). One can trade at eToro cryptocurrencies not only against USD but also against other fiat currencies like EUR, GBP, JPY or against other popular digital coins. The company is a preferred choice especially by novice traders who follow and copy top performing traders on the platform or by investors who want to buy and hold cryptocurrencies for a long time period.
List of available cryptocurrencies (9): BTC, ETH, ETC, BCH, Dash, XRP, XLM, LTC, ADA, IOT, NEO, EOS
CFD Service. 65% retail clients lose money
3# Plus500 – Extremely competitive spreads on cryptocurrencies
Plus500 is a long-established company with one of the best trading conditions for crypto trading. A real account can be opened with a $100 deposit, a demo version is free of charge. Plus500 has one of the most competitive spreads in the cryptocurrency industry. Traders can use a financial leverage which means that it is possible to trade with more money than you actually have. The maximum leverage for cryptocurrencies is 1:2.
List of available cryptocurrencies (6): Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ripple, IOTA
CFD Service. 80.6% retail clients lose money
4# IQ Option – The lowest trading requirements
IQ Option allows crypto trading on a real account from 10 dollars. It also offers a free demo account. IQ Option is one of the biggest brokers on the market with over 20 million accounts created in less than 2 years. It has a broad portfolio of cryptocurrencies its clients can trade. There are no fees for creating a crypto position apart from the spread. Leverage can be used, though only for Bitcoin and Ethereum (max. 1:2).
List of available cryptocurrencies (14): Bitcoin, Bitcoin Cash, Bitcoin Gold, Dash, Ethereum, Ethereum classic, IOTA, Litecoin, Ripple, Zcash, Omisego, Qtum, Stellar, Tron
CFD Service. 76% retail clients lose money
5# Markets – Most cryptocurrencies tradable against Euro
The Markets company represented by the Arsenal Football Club and regulated by the CySEC also offers crypto trading. On Markets the real trading starts from 100$ and a demo account can be set up free of charge. Markets features very low spreads and no commissions policy.
List of available cryptocurrency pairs (4): Bitcoin, Ethereum, Litecoin, Ripple
CFD Service. 73% retail clients lose money
Where to look for Spread at popular Crypto brokers
On the Plus500 platform select in the menu “cryptocurrencies” and then double-click the digital currency for which you want to know the spread. An information table should appear (just like the one in the screenshot) where desired information can be found. On the IQ Option platform you can find the spread right in the main table when you select your cryptocurrency (highlighted in the screenshot above). Spreads on the Markets platform are displayed in the screenshot above. eToro has a page which is dedicated to spreads and all fees that broker might charge, but I advise to check them directly on the platform.