Looking for the top Ethereum trading broker? After testing 80 brokers this year, our experts have identified the 8 best options tailored to diverse trading needs, complete with practical tips.
While all the attention in the cryptocurrency world is on Bitcoin, Ethereum is quietly offering trading opportunities to retail traders by some of the world’s best brokers. Cryptocurrencies are never particularly easy to trade because the market is less mature (Ethereum launched in 2015), and the infrastructure that tracks their prices is much more decentralized than any other market I can think of. That means broker choice becomes paramount, as I want to know I am getting price movements that are a fair reflection of the market.
I have compiled a list of brokers that I believe give you some of the best access points to Ethereum, including pricing, regulation, execution speed, and platforms.
*Leverage up to 1:20 on crypto (availability subject to regulation) for professional accounts; however, there is a risk with the higher leverage. Also, Professional Accounts lose their ICF Rights.
**80% of retail CFD accounts lose money.
***Crypto CFD is not available for UK and US users.
^AvaTrade doesn’t allow CFD trading in Spain; only Futures are available.
Our team of experts has identified each broker’s strengths and weaknesses using FXEmpire’s comprehensive methodology.
Founded in 2005, FP Markets is an Australian-headquartered broker with Tier 1 regulation under Australia’s ASIC. It also holds Tier 1 regulation in Europe (through Cyprus’s CySEC), and it has other regulatory licenses in South Africa (FSCA), Kenya (CMA), Mauritius (FSC), St. Vincent & the Grenadines (FSA), and Seychelles (FSA).
Ethereum Trading Features:
I’ve always felt that FP Markets stands out because of the types of platforms it offers traders, opening up possibilities for those who want a more professional experience than the typical choices of MT4/MT5. For MT4/MT5, FP Markets gives access to Traders Toolbox, which has a bunch of tools, such as tick charts, session maps, stealth orders, and correlation charts.
If MT4/MT5 is too basic for you and you want to leave its environment, the Iress and Mottai trading platforms have the types of tools that professional traders or asset managers would want. This includes customized hotkeys (I can’t describe to you how useful these are for me because of the amount of time I spend on the charts), and split-screen views for multiple charts.
With the professional-level charting, good leverage, and lots of cryptocurrency choices, I am making FP Markets my Best Overall.
Founded in 2014, BlackBull Markets is a relatively new player in this list and also unique because it is headquartered in New Zealand with Tier 1 regulation under New Zealand’s Financial Markets Authority. I’m a big fan of New Zealand’s regulator because it’s as strict as other Tier 1 regulators, but allows for higher leverage than nearly all of them. BlackBull also has a regulatory license with the Seychelles FSA. (The regulation that applies to you will generally depend on your residence.)
Ethereum Trading Features:
BlackBull Markets offers a good number of cryptocurrencies outside of Ethereum and more than most other brokers, with 28 in total. Outside of cryptocurrencies, it has a massive list of over 26,000 tradable assets with up to 1:500 leverage. I can imagine coming to this broker for Ethereum but end up staying for its other markets.
Founded in 2006, FxPro has several Tier 1 regulatory licenses, including regulation with the UK’s FCA, in Europe with Cyprus’s CySEC. It holds additional licenses in the Bahamas (SCB license) and Seychelles (FSA license). I like the fact that FxPro goes a step further by naming the banks holding its clients’ funds and its external auditors on its website. It uses only the largest banks in several regions and one of the world’s most well-known auditors, PricewaterhouseCoopers.
Ethereum Trading Features:
FxPro has a good number of cryptocurrencies outside of Ethereum, but also a decent number of other asset classes (Forex, indices, shares, futures, metals and energy) covering 2,100 trading instruments. It is a non-dealing desk broker that has some of the fastest execution times in the industry at under 12 milliseconds.
FxPro offers its proprietary FxPro Webtrader, plus MT4, MT5, cTrader, and TradingView. This list of platforms will cover most traders’ needs: their proprietary platform is clean and easy to use, MT4 and MT5 are great for automated strategies, cTrader has excellent execution speed and depth of market data, and TradingView has some of the best charting features available.
FxPro is clearly well-established, has plenty of trading instruments, and has fantastic execution speed. After reviewing it, I’m considering using it as my next broker.
Founded in 2006, AvaTrade has Tier 1 regulation in multiple jurisdictions: Australia (ASIC), Cyprus/Europe (CySEC), Ireland (CBI), and Japan (JFSA). It also has further licenses in South Africa (FSCA), Israel (ISA), Abu Dhabi (FSRA), and the British Virgin Islands (FSC).
Ethereum Trading Features:
AvaTrade is a true 100% manual market-maker/dealing desk execution model, i.e., it fills trades internally rather than directly with external liquidity providers. That gives them the advantage of being able to control spreads and fills much more tightly, especially during fast-moving markets, and orders get filled instantly in-house because there’s no lag of external routing.
It has a reasonable suite of platforms, with MT4/MT5 being standard, and their proprietary Webtrader and AvaTrade Mobile.
Outside of Ethereum and cryptocurrencies, AvaTrade has a reasonable number of markets that most traders would want to access, and overall, I like AvaTrade’s controlled environment, knowing I will get reliable spreads because of its market-maker model.
They have some unique add-ons, such as their AvaProtect risk management tool, which allows clients to protect a specific trade against losses of up to one million dollars over a chosen time frame, for a hedging cost.
Founded in 2008, Plus500 is regulated by multiple top-tier regulators, including in Europe through Cyprus’s CySEC, Australia’s ASIC, the UK’s FCA, and Canada’s CIRO.
Ethereum Trading Features:
The broker offers CFDs on Ethereum and over 20 other cryptocurrencies. In general, Plus500 offers over 2,800 trading instruments covering equities, indices, Forex, commodities and ETFs. You can trade all of them on Plus500 WebTrader, which is one of the most innovative platforms I’ve ever reviewed. It’s very intuitive and packed with features you may need for popular tarding styles. But consider that the Plus500 platform does not feature one-click trading and depth-of-market (DOM), so scalping is not an option here.
Plus500 has built a tool called “+Insights” for its clients to measure market sentiment. Sentiment analysis is one of the most subjective types of analysis because it’s hard to source data with a decent sample size. This is where Plus500 leverages its large client base (millions of registered clients and hundreds of thousands of active users). Having access to data across this book is meaningful to make judgments on market sentiment.
Founded in 2007, eToro is regulated by multiple top-tier regulators, including in Europe through Cyprus’s CySEC, Australia’s ASIC, the UK’s FCA, and the US’s FINRA. The broker offers trading in forex pairs, commodities, stocks, indices, ETFs, and cryptocurrencies.
Ethereum Trading Features:
eToro has gone down the road of only having its proprietary trading platform for its users, with a web-based, desktop app and mobile app version. However, it is, in most traders’ view, a user-friendly platform with a minimal aesthetic.
eToro has spent time developing a lot of education content (guides, videos, webinars and podcasts) contained within a dedicated learning portal, the eToro Academy.
Depending on your residence, eToro may allow you to buy and sell real crypto assets or trade CFD versions of cryptocurrencies. They have a much better than average range of cryptocurrencies, with 130 in total.
The user-friendly trading platform, along with the eToro Academy, tells me eToro is aiming to make it easy for traders who don’t need lots of advanced functionality, especially beginners, to simply trade.
Founded in 2008, Plus500’s US entity is regulated by the CFTC and NFA. Its US entity’s offering is focused on futures contracts and prediction markets. For US clients, Plus500 is a true futures broker (i.e., not CFDs on futures) that routes orders directly to exchanges, such as the CME, and its clients will hold the underlying futures contracts. It means it’s the exchanges that deliver the pricing and handle the fills.
Ethereum Trading Features:
Plus500 uses Micro Ether futures contracts, presumably because they can offer very low day margin rates of $15.For Ethereum, that means clients will trade Ethereum futures contracts (whose pricing may differ from the spot price). What I like about that is that trading through a regulated exchange avoids dealing with the potential mess of crypto exchanges, wallets, and the security of token storage, which can all be a giant headache and riddled with fraud.
The team of forex and CFD writers and editors at FX Empire is composed of trading industry professionals and seasoned financial journalists. Our writers have been published on leading financial websites such as Investopedia and Forbes. In addition, they all have extensive trading experience.
Dan Blystone began his career in the trading industry in 1998 on the floor of the Chicago Mercantile Exchange. Later, Dan gained insight into the forex industry during his time as a Series 3 licensed futures and forex broker. He also traded at a couple of different prop trading firms in Chicago. Dan is well-equipped to recommend the best forex brokers due to his extensive experience and understanding of the brokerage industry.
Jitan Solanki is a professional trader, market analyst, and educator. He day trades major currency and index markets and focuses on swing trading US equities and commodities. A qualified Market Technician, Jitan also works with trader education and brokerage companies on various projects. These include market analysis, live trading events, and broker reviews. As an experienced trader and educator, Jitan brings all his qualities in action when reviewing and recommending brokers.
Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. Plamen’s favourite trading instruments include FX majors and gold. He earned a Bachelor's degree in Economics and International Relations. Plamen's broad experience has equipped him with the expertise to recommend the best forex brokers.
In more than 15 years of trading in the financial markets, Vladimir dealt with a wide range of brokers and financial instruments. His career as a day-trader at a proprietary trading firm goes back to 2007. Later, Vladimir turned to longer time frames and became an independent trader and analyst managing his own portfolio. Using his experience, he helps traders find the best broker in his reviews.
Christopher Lewis is an experienced trader and technical analyst specializing on currencies, indices, and commodities. He also has been working as a proprietary trader for institutional accounts. Chris has been an FXEmpire analyst since the site's early days and shares his trading insights on his own blog, The Trader Guy. His sharp, practical understanding of the trading industry means he knows forex and CFD brokers inside-out, so you can trust his guidance on how they work and which one to choose.
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