The best 4 cryptocurrency brokers – Comparison and reviews:
Table of Contents
Brokers: | Review: | Regulation: | Min. Deposit: | Crypto Assets: | Advantages: | Account: |
|---|---|---|---|---|---|---|
1. Capital.com  | CySEC (EU) | $20 | 50+ CFDs | + Beginner-friendly + No spread trading + Huge variety + Professional charting | Free account:(Risk warning: 78.1% of retail CFD accounts lose money) | |
2. IQ Option  | CySEC | $10 | 27+ CFDs | + Leverage up to 1:100 + Best software + BTC withdrawals + 24/7 support | Free account:(Risk warning: Your capital might be at risk.) | |
3. RoboForex  | IFSC | $10 | 26+ CFDs | + Leverage up to 1:50 + MetaTrader 4/5 + Low spreads + BTC account | Free account:(Risk warning: Your capital can be at risk) | |
4. XTB  | KNF, CySEC, FCA | $0 | 20+ CFDs | + Leverage up to 1:2 + Userfriendly + Low spreads + PayPal | Free account:(Risk warning: 72% of retail CFD accounts lose money) |
(5 / 5)Are you searching for a reliable broker to trade cryptocurrencies? – Then you are right on this website. With more than 10 years of experience in the financial markets, we tested different platforms and show you on this website the best ones for investing in digital assets. Learn about the features and offers for traders. We only recommend platforms that are tested by ourselves with different criteria. Find the best trading software for cryptocurrencies and learn about the conditions.
The following cryptocurrency brokers we have reviewed:
How to find the best Crypto broker:
Our task is to find a reliable and secure platform for trading cryptocurrencies. On the internet, you will often find bad or scam brokers who want to steal the client’s money. You should be careful before signing up with any online platform. From our perspective, we have different criteria for finding a professional broker. We checked each software which we present to you on this website.
It is very important to trade with a regulated and official company. First of all, you should check the website of the crypto broker for the address and regulations. In addition, we are searching for low trading fees and a huge variety of coins to trade. Often it is possible to use leverage on cryptocurrencies because you can trade with a CFD contract or a real coin. With our criteria, you will find the best and fastest crypto platform.
Our criteria for finding a reliable cryptocurrency broker:
- Real and regulated company
- Variety of cryptocurrencies
- Free demo account for practice
- Low minimum deposit
- Low trading fees
- Fast execution of trades
- Invest in rising and falling prices (CFD)
- Support in different languages
1. Capital.com
Capital.com has been in the market for over 10 years. This broker is regulated by CySEC in Cyprus, where its headquarters are also located. Capital.com is ranked #2 in this comparison because this trading platform has the largest selection of crypto-currencies and offers the best trading conditions. There is only a little BID-ASK spread imposed with this provider and you only pay a small trading commission per position.
In addition, it is possible to set the leverage yourself. Trade crypto-currencies with or without leverage. The trading platform is also very clearly designed and user-friendly for any beginner. Optimal portfolio management is possible via a web platform or app.
Deposits and withdrawals can be made by different methods. Invest normal money directly in cryptocurrencies via CFDs. For any questions or assistance needed, multi-language-speaking support is available via phone, email, or chat. Personally, Capital.com is our second choice for trading crypto-currencies. All the conditions speak for themselves.
Advantages of Capital.com:
- Regulated by CySEC
- Over 50 different crypto-currencies
- Leveraged and unleveraged CFDs
- Short selling is possible (betting on falling prices)
- No spreads
- Low trading commissions
- Minimum deposit of $ 100
- Over 10 payment methods
- The best trading platform for beginners and advanced traders
2. IQ Option
IQ Option is one of the most popular trading brokers in the world. The broker is based in Cyprus and regulated by the CySEC (Cyprus Securities and Exchange Commission) with the number 247/14. Traders can profit from over 27 crypto assets on the platform. You can test it for free with a demo account. This is a virtual money account filled up with $ 10.000. It is possible to change by one click between the real money and demo account.
The minimum deposit is only $10 and the minimum investment is $ 1 per trade. For depositing money into your account it is possible to use more than 10 different payment methods. Cryptocurrency deposits and withdrawals are also available. One important thing that comes with that platform is the leverage of trading cryptocurrencies. The maximum leverage is 1:100 but you can take smaller leverage, too.
You can invest in rising and falling prices because of CFD trading. This is a big advantage against other crypto platforms. All investments are stored and managed on the IQ Option trading platform. If you got questions you can reach the 24-hour multi-language support. From our experience, it is a very user-friendly and safe platform. It is recommended for beginners and advanced traders.
Advantages of IQ Option
- The regulated and popular company from Cyprus
- Free demo account
- Only $ 10 minimum deposit and $1 minimum investment per trade
- Bitcoin withdrawals are available
- More than 27 cryptocurrency assets
- Maximum leverage of 1:100 (choose the lever by yourself)
- User-friendly platform for trading
- 24-hour multi-language support
- Trade other assets like stocks, forex, commodities, and more
3. RoboForex
Roboforex is an international provider of over 9,000 different financial assets. The broker is headquartered outside the EU in Belize, where it is also regulated by the IFSC. Other subsidiaries of the holding company are located in the EU. The broker offers over 26 different cryptocurrencies for trading. This is a very large selection in comparison. Cryptocurrency funds are also tradable, for example.
In addition to the large offer, there is maximum leverage of 1:50. This is really very high leverage, which does not always have to be exhausted because cryptocurrencies are very volatile. Depending on the deposit amount and the trader’s intentions, there are 6 account types to choose from. Among other things, there are interesting bonus offers and cashback for your account balance.
Roboforex offers the very well-known RTrader, Metatrader 4 and 5 as the trading platform. With it, analyses and quick order openings are possible without problems. Also, mobile trading is offered. For transactions, it is possible to deposit with Bitcoin or other cryptocurrencies. The broker is offering a full Bitcoin account. In summary, Roboforex shows very good trading conditions and a large selection. This broker is just right for traders who want to trade with high leverage.
Advantages of RoboForex:
- A regulated company by the IFSC
- Free demo account
- Only a $ 10 minimum deposit
- More than 26 different crypto assets
- Low spreads
- Cryptocurrency deposits and withdrawals
- Cryptocurrency accounts
- High leverage of maximum 1:50
- 24-hour support
4. XTB
XTB Cryptocurrency Platform and Trading Software (illustrative prices)
XTB is another very well-known provider for trading cryptocurrencies via CFD (contract for difference). A total of over 20 different cryptocurrencies are offered. The trader can also place orders on rising or falling prices. The leverage is a maximum of 1:2 and the spreads are clearly favorable.
Note: Availability of cryptocurrencies subject to regulation.
The broker is conspicuous by its user-friendly trading platform, which is very easy to use. Traders should find their way around very well after a few minutes. Multiple regulations are a high priority for the company, so the brand XTB is authorized and regulated by CySEC (Cyprus), FCA (UK), and KNF (Poland). All client funds are held in a segregated client bank account in accordance with the Cyprus Securities and Exchange Commission’s (CySEC) client funds rules.
Another advantage of this provider is 24/7 support. This is only available via chat or email, but in English around the clock. As cryptocurrencies are very volatile, XTB even offers tight pricing. This is a clear unique selling proposition compared to other brokers. In summary, in our opinion, XTB is one of the top providers and you can give it a try.
Advantages of XTB:
- One of the biggest online brokers
- Multi-regulated company
- Free demo account
- A low minimum deposit of $ 0
- More than 20 cryptocurrencies CFDs
- Low spreads
- Tight pricing
- 24/5 support in different languages
How to open your cryptocurrency trading account:
In the following, we want to show you how to open a crypto trading account for investing. It is the same principle for every regulated online broker. You can sign up with your email address and a safe password for opening the account. You will get direct access to the trading platform and demo account. For trading real money you have to do full registration on the broker’s website. The broker will lead you to step by step through the account opening.
1. Verification process
The verification process is very important for the broker and trader. A regulated company has to verify its clients because of the money laundering laws. This process can be take up to some hours of time. The broker will ask you for documents to prove your identity. Upload a screenshot or photo of your passport. Often you can upload other documents, too. The company will check them and give you feedback. After that, the account is fully functional and you can start trading with real money.
Do the verification process:
- The broker will check your identity
- Upload the required documents
- Fulfill the personal data
- You need the full verification for trading real money
Trade more than 100 different cryptocurrencies CFDs on professional platforms:
(Risk warning: 78.1% of retail CFD accounts lose money)
2. How to deposit and withdraw money:
With the recommended broker platforms you can deposit and withdraw money with different payment methods. Bankwire, credit cards, e-wallets, and even cryptocurrencies are available for depositing and withdrawing money. There are no fees for the deposit and up to 90% no fees for the withdrawals. Money transactions are very fast and deposits can be credited instantly to your trading account.
Also, the withdrawal of the recommended brokers is very fast. It can take up to a maximum of 3 days but often the payment transaction is processed in a few hours.
Payment methods:
- Bankwire
- Credit cards
- E-Wallets
- Cryptocurrencies
3. Start trading cryptocurrencies
If you are afraid to use real money you also can use virtual money via a free demo account. That means you invest without risk in the markets. Trading cryptocurrencies on the broker’s software is simple but can be confusing for some beginners.
First, you should choose the cryptocurrency you want to trade:
After that, it is possible to analyze the charts, price, key numbers of the cryptocurrency. We recommend using technical analysis to determine the best buying or selling price in the chart. Furthermore, most brokers offer you analysis tools and indicators for free.
If you are sure now in which direction you want to trade, you should open the buy or sell order. In the next picture you will see the order mask:
Choose the right amount for your investment. It is intelligent to split the money on more than one cryptocurrency but it is your choice what you want to do with it. Trade on rising and falling prices. Another big advantage of using CFDs (Contract For Differences) is that you can use leverage and do a quick shot-trade.
Well-done! You opened your first cryptocurrency trade.
Conclusion: To find a good Cryptocurrency Broker can be quite difficult
On this page, we have shown you the list of the current top 5 providers for crypto-currency trading and given you sufficient details about the individual brokers. Investing in digital currencies does not have to be difficult these days. All providers in this comparison stand for uncomplicated account opening and fast trading.
In the past, many crypto exchanges have been hacked or the operator has disappeared with the customer’s money. This can’t happen with the listed brokers, because you trade the coins via a secure contract of difference or directly with the broker. All trading platforms are regulated and licensed by state supervisory authorities. The brokers must comply with the highest guidelines for the financial markets.
Learn more by reading our full test reports:
On this page, we presented you with the best 5 brokers for cryptocurrency trading. These are professional and reliable companies for investing.
Trusted Broker Reviews
Trade more than 100 different cryptocurrencies CFDs on professional platforms:
(Risk warning: 78.1% of retail CFD accounts lose money)
FAQ – The most asked questions about Cryptocurrency Broker :
Which is the best cryptocurrency broker?
Nowadays, there is more than one cryptocurrency broker that offers traders the best trading services. If you seek a cryptocurrency broker that offers you leading trading features, you can sign up with one of the following brokers.
Capital.com
IQ Option
RoboForex
XTB
How can a trader choose a cryptocurrency broker?
A trader must keep several things in mind while choosing a cryptocurrency broker. For instance, you should try to determine the number of cryptocurrencies the broker offers. Besides, you should also consider several features that the broker offers. Trading tools that the broker offers and educational resources that he makes available are important factors here.
What is the minimum deposit amount that a cryptocurrency broker offers?
The brokers that allow you to trade cryptocurrency require you to fund your trading account with a minimum deposit. IQ Option, as a cryptocurrency broker, allows you to fund your trading account with $10. It is the lowest minimum deposit amount with which you can trade cryptocurrency. However, different crypto brokers might have different minimum deposit amounts.
How can a trader trade cryptocurrency?
A trader can trade cryptocurrency by signing up with a broker who offers you a platform to trade it. The trader can choose a reputed cryptocurrency broker and signup for a trading account. Then, you can choose your desired cryptocurrency for trading.
See other articles about crypto trading:
Last Updated on November 11, 2023 by Andre Witzel
