Best Forex Brokers with Crypto Deposit of 2023

Since 2011, we’ve traded with and reviewed over 200 brokers worldwide. To find the best forex brokers with crypto deposit and withdrawal for you, we’ve dedicated over 50 hours per broker, exploring more than 250 factors across 9 key areas. We’ve then compared them to identify the top performers in various categories. With decades of combined experience, our team of trading experts provides reliable and trusted opinions.

By: Plamen StoyanovReviewed By: FX Empire Editorial Board
Updated: Aug 30, 2023
Advertising DisclosureListings that appear on this page and/or on this website are of products / companies / services from which this website may receive compensation. This may impact how, where and which products / companies / services we review and write about. This page may not include all available products, all companies or all services.
While we adhere to strict editorial integrity, this page may refer to products from our partners. Here's how we make money.

As we sail forward into the digital era, the lines separating traditional finance and the rapidly evolving sphere of cryptocurrency are becoming increasingly blurred. In this confluence of the old and the new, Forex, the world’s largest financial market, is taking strides to adapt and evolve. No longer are traders confined to the constraints of fiat currency alone – the age of cryptocurrency in Forex has dawned.

In this article, we will explore the best forex and CFD brokers who accept deposits and enable withdrawals in cryptocurrency, providing a comprehensive guide for traders looking to navigate this new frontier. This guide will be an invaluable resource for both seasoned Forex traders interested in expanding their horizons and cryptocurrency enthusiasts eager to step into the Forex trading space.

Searching for a high-quality Forex broker who also accommodates cryptocurrency transactions can feel akin to navigating a labyrinth. Recognizing these challenges, we applied our comprehensive methodology and sifted through the multitude of options available on the market to bring you our curated selection of the best brokers for crypto deposits and withdrawals. We broke down our pick into a few categories to suit varying trading styles, experience levels, and individual preferences.

List of Top Brokers Accepting Crypto Payments

How Did FX Empire Choose the Best Brokers with Crypto Deposits and Withdrawals?

  • We checked regulations and the level of brokers’ safety to ensure maximum client protection when trading with high-risk assets like cryptos.
  • We found and compared the available number of crypto deposit and withdrawal methods afforded by each broker.
  • We evaluated the cost of crypto deposits and withdrawals.
  • We tested the speed of order execution and fee competitiveness of each broker as crypto CFDs tend to be quite volatile.
  • We evaluated the usability of the platforms incorporated by each broker including the number of in-built tools and whether the platform has a user-friendly layout.
  • We evaluated each broker’s selection of tradable instruments from different asset classes including available cryptocurrency CFDs.
  • We explored the scope and intricacy of brokers’ educational and research materials, as well as the practicality of any third-party tools they incorporate.
  • We tested the reliability of each broker’s customer support and how useful it is in answering questions with varying complexity.

Our team of experts has identified brokers’ strengths and weaknesses using FX Empire’s comprehensive methodology. Here’s how we test.

Now let’s dive into the selected brokers.

Best Overall

Start Trading
This material on this website is intended for illustrative purposes and general information only. It does not constitute financial advice nor does it take into account your investment objectives, financial situation or particular needs. Commission, interest, platform fees, dividends, variation margin and other fees and charges may apply to financial products or services available from FP Markets. The information in this website has been prepared without taking into account your personal objectives, financial situation or needs. You should consider the information in light of your objectives, financial situation and needs before making any decision about whether to acquire or dispose of any financial product. Contracts for Difference (CFDs) are derivatives and can be risky; When trading CFDs you do not own or have any rights to the CFDs underlying assets. FP Markets recommends that you seek independent advice from an appropriately qualified person before deciding to invest in or dispose of a derivative. A Product Disclosure Statement for each of the financial products available from FP Markets can be obtained either from this website or on request from our offices and should be considered before entering into transactions with us. First Prudential Markets Pty Ltd (ABN 16 112 600 281, AFS Licence No. 286354). FP Markets is a group of companies which include, First Prudential Markets Ltd (registration number HE 372179), a company authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC License number 371/18, Registered Address: Griva Digeni, 109, Aigeo Court, 2nd floor, 3101, Limassol, Cyprus. FP Markets does not accept applications from U.S, Japan or New Zealand residents or residents from any other country or jurisdiction where such distribution or use would be contrary to those local laws or regulations.
  • Min Deposit
    $100
  • Tradable Instruments
    844
  • Fees
    Medium

FP Markets was founded in 2005 in Sydney, Australia. The broker has garnered a reputation as a reliable partner with a well-balanced offering. It is authorized by ASIC in Australia and CySEC in Europe, ensuring top-tier protection.

Key Features:

  • Entity for crypto payments: FP Markets LLC, registered in St. Vincent and the Grenadines, No. 126 LLC 2019
  • Accepts crypto payments via LetKnowPay and Finrax
  • Crypto deposits: Blockchain fees applicable, processing up to 1 hour
  • Crypto withdrawals: Blockchain fees applicable, processing 1 business day
  • Cryptos offering: 12 Crypto CFDs

The broker incorporates the popular MetaTrader 4&5 and the sophisticated cTrader platforms. cTrader is a feature-rich platform supporting a vast amount of indicators and drawing tools, which is ideal for trading highly volatile cryptocurrencies. The St. Vincent entity of the broker accepts crypto payments via popular crypto wallets Letnowpay and Finrax. Transactions are processed fairly quickly and without any handling fees for deposits or withdrawals.

I tested FP Markets’ Raw account type, which offers spreads starting from 0.0 pips and a $6 round-turn commission per traded lot. I executed a full-sized (100,000 units) EUR/USD trade and measured its value at $8, which is below the industry average.

Pros
  • Trusted and widely recognized brand name.
  • Multi-regulated in different jurisdictions.
  • Broad range of instruments.
  • No handling fees for crypto deposits and withdrawals.
Cons
  • Crypto payments are not available with all entities.
  • Some asset classes have higher fees than others.

Best Trading Platform

Start Trading
General Risk Warning: CFDs are leveraged products. Trading in CFDs carries a high level of risk thus may not be appropriate for all investors. The investment value can both increase and decrease and the investors may lose all their invested capital. Under no circumstances shall the Company have any liability to any person or entity for any loss or damage in whole or part caused by, resulting from, or relating to any transactions related to CFDs.
  • Min Deposit
    $0
  • Tradable Instruments
    233
  • Fees
    Medium

Exness is a Cyprys-based forex and CFD broker with offices all over the world. The company was founded in 2008 and is licensed in multiple jurisdictions, including CySEC and FCA.

Key Features:

  • Entity for crypto payments: Exness (SC) Ltd, regulated by FSA (Seychelles), license no. SD025
  • Accepts crypto payments in BTC, USDC, USDT
  • Crypto deposits: $0 fees, processing up to 3 days
  • Crypto withdrawals: $0 fees, processing up to 3 days
  • Crypto offering: 33 Crypto CFDs

I enjoyed Exness Terminal with its sophisticated design, which allows you to react to swift changes in the market quickly and efficiently. The platform incorporates 100+ technical indicators and drawing tools, which can be used to study different aspects of price action behavior. It functions equally well in trending and ranging markets.

Exness offers commission-free trading with floating spreads starting from 0.3 pips. I measured the spread on the EUR/USD pair at 0.9 pips which is below the industry average.

Pros
  • User-friendly proprietary platform.
  • VPS hosting.
  • Multiple account types.
Cons
  • Not available to retail clients in Europe and the UK.

Best for Beginners

Start Trading
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with Tickmill UK Ltd. You should consider whether you understand how CFDs, or any other of our products work, and whether you can afford to take the high risk of losing your money.
  • Min Deposit
    $100
  • Tradable Instruments
    696
  • Fees
    Low

Tickmill is an award-winning forex and CFD broker that was established in 2014. Headquartered in the United Kingdom and with offices globally, Tickmill is authorized and regulated by some of the most trusted financial regulators, such as the FCA and CySEC. In Tickmill, retail traders can find a stable and trustworthy partner.

Key Features:

  • Entity for crypto payments: Tickmill Ltd Seychelles, regulated by the FSA, licensing no. SD008
  • Accepts crypto payments in BTC, ETH, USDT
  • Crypto deposits: $0 fees; instant processing 24/7
  • Crypto withdrawals: $0; processing within 1 business day
  • Cryptos offering: 9 CFDs

From my hands-on experience, brokers must expose beginners to comprehensive trading insights. After a detailed review of Tickmill, I found their offerings holistic and rich. They feature diverse accounts, employ top-notch tools like Autochartist and Myfxbook, and offer insightful research and educational resources.

Upon testing, Tickmill's Pro account stood out as highly competitive. Despite its advanced-sounding name, it's beginner-friendly with just a $100 minimum deposit. Offering raw spreads from 0.0 pips and a $4 round-turn commission per traded lot, its terms are notably below industry standards. Tickmill offers MetaTrader 4&5 platforms that became benchmarks for reliability in the trading industry. Despite their cumbersome layout, they have extremely easy learning curves, which I consider essential for beginners.

Pros
  • Very favorable prices.
  • Top-tier regulation.
  • Multiple third-party tools.
  • Deep research and educational materials.
Cons
  • No proprietary platform.

Best for Professional Traders

Start Trading
Forex margin trading involves substantial risks
  • Min Deposit
    $100
  • Tradable Instruments
    230
  • Fees
    Low

Founded in 2011, OctaFX is headquartered in St. Vincent and the Grenadines and is regulated by CySEC and FSA. The broker serves over 10 million trading accounts from 150+ countries, according to OctaFX’s website. It has worked hard for over a decade to facilitate professional-grade conditions catering to the needs of seasoned traders.

Key Features:

  • Entity for crypto payments: Octa Markets Inc., registered and regulated in Saint Lucia
  • Accepts crypto payments in BTC, ETH, USDTT, USDTE, DOGE, LTC
  • Crypto deposits: $0 fees, processing 3-30 minutes
  • Crypto withdrawals: $0 fees, up to 4 hours to complete the payment
  • Cryptos offering: 30 Crypto CFDs

The broker offers renowned MetaTrader 4 and MetaTrader 5 as well as its own intuitive OctaTrader platform. The latter has essential features like one-click trading, trading from the chart, and allows for the partial termination of open positions. It also has a wealth of technical indicators and drawing tools.

The broker's two account types support commission-free trading and floating spreads starting from 0.6 pips. At the time of my review, I measured the spread on the EUR/USD at 0.9 pips which is below the industry average.

Experienced traders can benefit from OctaFX’s diverse account types, which accommodate high-frequency and high-volume trading. Scalping and hedging are also permitted. As an experienced vet myself, I appreciated its ultra-fast order execution in under 0.1 seconds. Swift and precise order filling is essential, especially when trading highly volatile instruments like cryptocurrencies.

Pros
  • Wide range of CFD cryptos.
  • Free crypto deposits and withdrawals.
  • Good choice of platforms.
  • Commission-free trading.
  • Ultra-fast order execution.
Cons
  • No phone support.

Best for Cryptocurrency Trading

Start Trading
CFDs are complex instruments and carry a high level of risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether trading is appropriate for you. You should not invest money that you cannot afford to lose. Leveraged products may not be suitable for everyone and may result in loss of all your capital.
  • Min Deposit
    $5
  • Tradable Instruments
    130
  • Fees
    High

FXGT is a forex and CFD broker headquartered in Seychelles and founded in 2019. A relative newcomer to the trading industry, FXGT stands out with its broad crypto offering. In addition to the assortment of 33 crypto CFDs, which exceeds the industry average, FXGT also offers several synthetic cryptos, multiple NFTs, and even a crypto index called GTi12.

Key Features:

  • Entity for crypto payments: 360 Degrees Markets Ltd., regulated by the FSA (Seychelles), licensing no. SD019
  • Accepts crypto payments in BTC, ETH, XRP, ADA, USDT
  • Crypto deposits: $0 fees, processing up to 30 minutes
  • Crypto withdrawals: $0 fees, processing up to 2 business days
  • Cryptos offering: 33 crypto CFDs, 9 synthetic cryptos, 14 NFTs and DeFi tokens

I opened an ECN account with FXGT and tested its pricing mechanism. The account type features raw spreads starting from 0.0 pips and a $6 round-turn commission per traded lot. I placed a full-sized EUR/USD trade (100,000 units) and measured its value at $10, meeting the industry average.

FXGT supports MetaTrader 4 and MetaTrader 5. I consider the latter better for cryptocurrency trading because it affords more technical indicators and drawing tools, and it also has an impressive 21 timeframes. This variety is crucial for conducting penetrating technical analyses.

Pros
  • Diverse crypto offering.
  • Private indemnity insurance.
  • Competitive prices.
  • 24/7 customer support.
Cons
  • Limited research and education content.

Our Methodology

Here at FX Empire, we have pioneered a unique and comprehensive methodology for evaluating the services of Over-the-counter (OTC) derivatives brokers worldwide. We aim to help retail traders make informed decisions when looking for a trustworthy partner.

Our team of dedicated professionals is working continuously to improve our system and keep it up-to-date with current market trends. We test each broker systematically by employing over 250 variables across nine categories:

  • Trust
  • Fees
  • Account types
  • Tradable instruments
  • Platforms and tools
  • Deposits and withdrawals
  • Customer support
  • Research
  • Education

After completing hundreds of reviews in the span of over a decade, we have refined a system that underscores all the pros and cons of a broker honestly and as objectively as possible. We review the licenses of all the subsidiaries of a broker and check the fine print in its Client Agreements. We strive to evaluate its transparency and the overall protections entitled to a client of the company.

For this guide, we scrutinized each broker’s regulatory adherence and safety measures for maximum client protection. We compared brokers’ offered crypto deposit and withdrawal methods, assessed the associated fees, and the estimated speed of order execution given the volatility of crypto CFDs. We also checked the usability of their platforms, including the number of built-in tools and user-friendly layout.

Moreover, we investigated each broker’s range of tradable instruments across different asset classes, including available cryptocurrency CFDs. We analyzed the scope and quality of their educational and research materials, along with the practicality of any third-party tools provided. Lastly, we assessed the reliability and usefulness of each broker’s customer support in answering questions of varying complexity.

We abide by our strict guidelines for editorial integrity based on the objective standards we have set for our reviews. You can read more about our review process here.

Meet Our Writers

The team of forex and CFD analysts and editors at FXEmpire is composed of trading industry professionals and seasoned financial journalists. Our experts have been published on leading financial websites such as Investopedia and Forbes. In addition, they all have extensive trading experience.

Get to Know Our Authors

Dan Blystoneauthor

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 licenced 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 Solankiauthor

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.

Plamen Stoyanovauthor

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.

Vladimir Zernovauthor

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.

How to Choose a Broker that Offers Crypto Payments?

Now that we have covered our picks for the best brokers in each category, let’s discuss some key factors that traders should consider when selecting a broker.

How to choose a safe broker?

Cryptocurrencies are naturally prone to large price swings, and when used in leveraged derivatives, this instability often increases. Because of this, not all regions allow trading in cryptocurrency-based contracts for difference (CFDs). Therefore, traders should confirm if such trading is legal in their area.

And if they are, then traders need to look for two main safety mechanisms in a broker’s service:

  • Regulation: A broker’s regulatory status is paramount. It’s always recommended to opt for a broker regulated by a reputable financial authority such as the Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), or the U.S. Commodity Futures Trading Commission (CFTC). These organizations enforce strict standards to protect traders.
  • Leverage: You need to determine the maximum leverage allowed by the broker’s entity you are working with. The combination of volatility and high leverage directly impacts a trader’s market exposure. Hence, retail traders’ maximum leverage on cryptos should not exceed 1:2.
  • Transparency and Reputation: Reliable brokers provide information about their fees, pricing, and any applicable charges, as well as brokers often have positive reviews and ratings from users.
  • Ease of Deposits and Withdrawals: A good broker should make the deposit and withdrawal process straightforward and fast. Check their deposit and withdrawal policy to ensure there are no hidden restrictions or fees.
  • No Minimum Stop Loss Distance: Traders need to be allowed to exert as much control over their positions as possible, especially regarding risk management. That is why allowing is essential. It means traders can virtually place their stop-loss orders at a position’s entry price, thereby decreasing their potential loss to zero.
  • Slippage: From my trading experience, most losses stem from traders taking large risks with significant gaps between opening prices and stop losses. Remember, it’s wiser to accept a small loss and continue trading, rather than risk everything in one position, hoping for a miracle.
  • Insurance: Some brokers might offer insurance on digital assets. While not a standard offering, it can be a significant advantage in case of unexpected scenarios like a broker’s insolvency or cyber-attacks.

Read more about Best regulated forex brokers.

How to check if a broker’s fees are competitive?

A broker may have several account types, each with different pricing mechanisms. The question is, how to know which one is best fitted for your particular style of trading? I will try to answer this question by providing an example with two distinct accounts, one STP and the other ECN:

The biggest difference between STP and ECN accounts, apart from the execution model, is the pricing mechanism. Usually, STP accounts afford commission-free trading and floating spreads, whereas ECN accounts have fixed commissions and raw spreads (typically starting from 0.1 pips). At first glance, the former sounds more favorable because you only have to pay one cost – the spread – rather than two.

Read more about Best STP forex brokers and Best ECN forex brokers.

Many brokers recognize the psychological significance of this sort of thinking and seek to exploit it by raising the spreads on their STP accounts to the point where they are no longer the more competitive option. I will now demonstrate how to do a quick test for yourself to evaluate the competitiveness of a broker’s ECN and STP accounts.

Pick an instrument, say, the EURUSD. Suppose also that the spread on the pair is 0.9 pips on a broker’s STP account and 0.1 pips on its ECN account. There is also a $6 commission for trading 1 lot (100,000 units) contract. If the EURUSD pip value is $10, you can do a simple calculation to determine the value of a hypothetical position on the EURUSD executed on both account types. The formula is the value of a trade = spread x pip value + commission. When we pop in the above values, this is what we discover about our hypothetical broker:

Account Type Spread Commission Net Cost
STP 0.9 pips $0 $9
ECN 0.1 pips $6 $7

This is just a hypothetical example, but hopefully, it illustrates how more can be less in trading. So it’s worthwhile evaluating the costs of a broker you consider opening an account with for yourself before doing so. And if you are still uncertain, you can always check out our database of reviews to sort out the most competitive brokers.

Read more about Best lowest spread forex brokers.

Why does liquidity matter?

During the most action-packed moments of the day when trading activity reaches a peak, volatility on most crypto assets is also bolstered. And when price fluctuations are at their highest, order-filling becomes more difficult.

Suppose you place a long market order on BTC/USD to enter at the current spot price of 16800.00, but your order gets filled at 16805.00 instead. This discrepancy is called slippage, and it comes at your expense. In essence, slippage is the result of low liquidity.

Slippage is never pleasant regardless of the traded instrument, but heightened volatility can be especially detrimental when trading crypto CFDs. That is why I can recommend choosing a broker with access to a deep pool of liquidity providers. When brokers derive their liquidity from at least several top-tier banks and other financial institutions, they are more likely to fill trading orders swiftly and precisely, even under strenuous market conditions.

How to choose a trading platform?

Successfully trading cryptocurrencies requires a keen awareness of current market trends and developments. Here is a list of the types of tools you need to look for in a broker:

  • Versatility. The platform is the window through which you study price action behavior. It has to accommodate quick and easy scaling up and down price of action so traders can easily differentiate between minor short-term fluctuations and broader long-term trends. An excellent example of such a platform is TradingView, which I consider to be one of the most sophisticated and feature-rich platforms in the industry. Knowing what other traders think is quite important, especially in the crypto market, which is remarkably susceptible to moving on rumors and traders’ expectations.
  • Automated trading. Another defining feature of the digital currencies market is that it is, well, digital. Automated systems are pretty popular for trading crypto CFDs, meaning that it is algorithms that create and recognize most trading setups. This influences the market in a distinct way, so it’s worthwhile to consider using a similar strategy. One great tool for automating your trading, even if you lack the coding skills necessary, is capitalise.ai.
  • Sophisticated research tools. Last but not least, you need to be aware of what’s going on in the market, what drives prices, and why. Most brokers provide some type of market breakdowns and analyses, but a couple of third-party tools stand out as reliable sources of information. Trading Central is a provider of well-thought-out trading ideas and a gauge of market sentiment, while Cryptocrusher caters specifically to the needs of crypto traders.

Check out our dedicated guide on Best forex trading platforms.

What to avoid when choosing a broker with crypto payments?

Here are the five must-do things when selecting a broker:

  • To check the broker’s regulations, protections, and level of transparency. 
  • To consider broker’s fees, including spreads, commissions, and swap rates.
  • To choose the account type that suits your needs and trading experience.
  • To explore a list of offered instruments before starting trading. 
  • To interact with the support team when opening an account with the broker.

How to avoid crypto trading scams?

To avoid forex and crypto scams, traders should first check the broker’s regulations. If the broker is regulated by top-tier regulators, you are mostly protected. An unregulated broker is the most suspicious one by definition. In addition to regulations, check the following red flags:

  • The broker offers a big cash bonus for opening the account.
  • The broker heavily promotes automatic trades and/or trading signals from unknown sources.
  • The broker promises profits and cites unrealistic success rates.
  • There is no information about the company and its employees.
  • The broker stated address is not suitable for a serious company (too small, strange location).
  • The support team does not respond or responds rarely.
  • Clients report issues with funds withdrawals.

FAQ

It depends on the particular crypto wallets that the broker accepts. But the basic process is the following: log in and navigate to the deposit section, select the cryptocurrency you want to deposit, and generate a deposit address provided by your broker. Then, use your cryptocurrency wallet to send the funds to the deposit address and wait for the deposit to be confirmed. Finally, check your account balance to ensure the deposit has been successful. Remember to check for fees and double-check all information before sending any funds. If you are uncertain, contact the broker’s customer support to inquire further about it.
From our research, some of the most crypto-friendly brokers are FP Markets, Tickmill, Exness, OctaFX, and FXGT as they have a wide range of cryptocurrencies to trade and also offer deposit and withdrawal in crypto.
Yes, it's possible that a broker may not accept cryptocurrency deposits from your country due to regulatory or legal restrictions. Some countries may have restrictions or bans on cryptocurrency use, and brokers may choose to comply with these regulations or avoid operating in these jurisdictions altogether. Therefore, it's important to check with your broker to confirm if they allow cryptocurrency deposits from your country before attempting to deposit any funds.
Brokers may accept Bitcoin more than other cryptocurrencies due to its market dominance, higher liquidity, established infrastructure, and clearer regulatory status. Bitcoin is more widely known and owned, making it easier for brokers to offer deposits and withdrawals. However, many brokers do offer support for other cryptocurrencies, and their popularity may vary depending on the broker and their target market.
I rated Tickmill as the most beginner-friendly broker due to its diverse account types, dedicated customer support, low spreads and commissions, and a good range of educational materials.
OctaFX is the best choice for professional traders. The broker offers various platforms, accounts that combine STP and ECN features, and ultra-fast order execution. Moreover, OctaFX is suitable for scalping and hedging.
The regulation of crypto brokers varies depending on the jurisdiction and the specific services they offer. In some countries, crypto brokers are subject to specific regulations and oversight, while in other jurisdictions, regulation for crypto brokers may vary or not be fully established yet.
CFD (Contract for Difference) trading in the cryptocurrency market is a form of financial derivative trading that allows traders to speculate on the price movements of various cryptocurrencies without owning the underlying asset.
For trading crypto CFDs, you need a broker which supplies the liquidity and leverage. While for trading crypto underlying assets, you don’t need a broker. You can use centralized or decentralized crypto exchanges, as well as p2p services.
You do not need a crypto wallet for trading crypto CFDs, because you just speculate on the price movement but you don’t own the underlying asset. A crypto wallet is a good option for long-term holders of digital currency tokens. It accommodates value investing in crypto assets and also serves as a payment method.

About the Author

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.

Why you can trust FX Empire

At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions.

Read more

Why you can trust FX Empire

FXEmpire was founded in 2011, making us one of the first forex broker review sites. You can trust FXEmpire because of our thorough and unbiased review process. With over a decade of experience, we have a team of industry experts who conduct rigorous tests to ensure our reviews are accurate and unbiased. Our reviews are designed to bring clarity and confidence to the process of choosing a broker, and are based on objective criteria and measurable data. Our editorial team is composed of trading industry professionals and seasoned financial journalists, who ensure that our reviews are accurate and unbiased. Additionally, our review system is based on 9 core categories and over 250 distinct variables, which ensures that all aspects of a broker are considered before giving a final rating. So, you can trust FXEmpire to provide you with honest and informative reviews that will help you make an informed decision on which broker will best enable you to reach your financial goals.