Best Crypto Trading Brokers of 2023

Since 2011, we’ve traded with and reviewed over 200 brokers worldwide. To find the best crypto trading CFD brokers 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: Vladimir Zernov
Reviewed By: FX Empire Editorial Board
Updated: Nov 26, 2023
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Crypto trading gained significant popularity in recent years, and brokers have started to provide access to this emerging asset class.

Choosing the right broker is a critical step to financial success. Traders should assess key aspects like regulation, fees, available instruments, trading platforms, and more. FX Empire is an industry leader with over ten years of experience reviewing forex brokers. We use our industry-leading methodology that evaluates over 250 variables across nine key categories to come up with the best brokers for you.

Considering the different needs of traders, we broke down this list into ten major categories.

List of Top Crypto Trading Brokers & Platforms

Best brokers for US traders

Best brokers for international traders

Why trading crypto CFDs is better than buying crypto coins on the exchange?

Trading crypto with a CFD broker allows traders to speculate on the price of an asset, such as a cryptocurrency, without actually owning the underlying asset. This means that traders can make a profit or loss based on the price movement (up or down) of the asset, without having to buy or sell the actual cryptocurrency.

Additionally, trading crypto CFDs allows traders to make large trades with small amounts of capital, by using leverage. However, it is important to note that this also means that the risk of losing money is higher, as leverage can amplify losses as well as gains.

How did FX Empire choose the top crypto trading brokers?

  • We focused on brokers that offer crypto trading.
  • We preferred brokers with a high number of available cryptocurrencies to trade.
  • We assessed if the fees for crypto are competitive in comparison with the industry average.
  • We listed brokers that got highly ranked compared to the industry in key areas, like trading platforms, tradable instruments, and others.

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

Without further ado, let’s move to the selected brokers.

Our Methodology

FX Empire has been reviewing brokers since 2010 and developed an in-depth review program of CFD brokers. We have more than a decade of experience testing brokers and abide by strict guidelines for editorial integrity. Our review process follows a thorough protocol that results in a score that is based on objective criteria and measurable data. As a result of our work, we publish a comprehensive and unbiased review, which is meant to help traders choose the broker that suits their needs.

To choose the best broker for you, we rate brokers across nine categories and calculate a score that reflects their performance. The categories include

  • Trust and Stability
  • Fees
  • Platform and Tools
  • Tradable Instruments
  • Account Types
  • Deposit and Withdrawal
  • Research
  • Customer Support
  • Education.

We open accounts, test platforms, measure spreads, and chat with support teams to collect as much data as we can for each broker. In total, we examine brokers according to over 250 data points.

Each category receives a rating from one star (weak) to five stars (excellent). The broker’s total score depends on its performance in each of these nine categories.

We highlight each broker’s strengths and weaknesses, explain regulatory details and share the results of our live tests of brokers’ fees, customer support, and trading platforms. To learn more about our review process, click here.

How did we choose the best crypto trading brokers?

We reviewed over 80 brokers and compiled a database that is used to compare brokers and define their strengths and weaknesses. We compare each broker against benchmarks and determine whether it is above or below them.

To find the best crypto trading brokers, we focused on the following initial criteria:

  • The crypto trading offering of the broker.
  • A high number of available cryptocurrencies to trade.
  • Trustworthiness and high level of protection.
  • Below average fees and spreads for crypto and in general.
  • Feature-reach and user-friendly platforms.

We broke this page into ten categories to reflect traders’ specific needs. In each of these categories, we chose the winner that had a great score in this particular category.

Meet our Writers

The team of forex and CFD writers and editors at FX Empire is composed of trading industry professionals and seasoned financial journalists. Our authors 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 The Best Crypto Trading Broker?

Use our guide to choose the best crypto trading broker for your needs.

How to choose a safe broker for cryptocurrency trading?

The process of choosing a broker begins with learning where your potential broker is regulated. Cryptocurrencies are an emerging asset class, so some brokers would offer them only through their offshore entities.

In addition to the location of the regulator, traders should focus on important protection options like negative balance protection, segregated funds, and the compensation fund which will cover your back if the broker has financial problems.

Read more about Best regulated forex brokers.

What fees should you focus on when choosing the broker?

Typically, brokers charge spreads, commissions, swap/rollover fees, and inactivity fees.

The spread is the difference between the bid and the ask price. The higher the spread, the more you pay for the trade. We consider spreads below 1 pip for EUR/USD and 3 pips for GBP/JPY to be low. In crypto, we considered spreads below $40 for Bitcoin and $3 for Ethereum to be low.

A commission is a fixed cost of entering the trade. Usually, accounts that charge commissions offer low spreads. Commissions below $3 are considered to be low for forex pairs and gold.

A swap/rollover fee is charged when you hold a leveraged position overnight. Traders should pay extra attention to these fees if they plan to use swing trading strategies, which involve holding positions for several days or even weeks. For forex pairs, a swap rate below 0.5 pips is viewed as a good result.

An inactivity fee is a fee that is charged by the broker if your account is dormant. In this case, a certain amount of money is charged on a monthly basis. An inactivity fee below $10 is considered to be low.

How to choose the right account for cryptocurrency trading?

As a cryptocurrency trader, you should understand the difference between various types of accounts.

  • Demo accounts are used for practice without risking real money. Such accounts should be used by novice traders making their first steps in markets.
  • Spread-based accounts typically charge spreads and swap/rollover fees. These accounts are usually a good choice for traders whose trading volume is expected to be relatively modest.
  • Commissions-based accounts charge commissions in addition to spreads and swap/rollover fees. Usually, spreads are tight in such accounts. These accounts are suitable for traders whose trading volume is expected to be high.
  • On Islamic accounts, swap/rollover fees are not charged to insure compliance with Sharia law.
  • Professional accounts usually have a high minimum deposit and offer access to high leverage that most professional traders are looking for.

Read more about Best forex demo accounts and Best Islamic accounts.

How to choose a trading platform?

Typically, most brokers provide access to MetaTrader4 and/or MetaTrader5. Those are sophisticated platforms with a variety of tools tailored mainly for experienced traders, hence, beginners may have to spend some time learning the ropes.

Some brokers have also developed in-house trading platforms. Usually, such platforms are focused on the needs of different levels of traders. They are easy to navigate and simple to use.

The choice of trading platform depends on personal preferences and trading experience. Beginner traders will be better off starting with a simple platform or a mobile app, while advanced traders will likely choose MT4/MT5.

Read more about Best MetaTrader 4 brokers and Best MetaTrader 5 brokers.

What leverage is available for cryptocurrency traders?

Leverage allows traders to use borrowed funds to increase their profits. The higher the leverage, the higher your potential profits are. However, leverage is a double-edged sword, and using high leverage also boosts your potential losses. Thus, beginners will be better off starting with low levels of leverage to avoid outsized losses.

The maximum potential leverage that the broker can offer is determined by the regulator. Top-tier regulators usually limit the leverage to 1:30. Offshore regulators may allow the broker to offer leverage of up to 1:3000.

To get access to higher leverage, traders should open accounts with entities that are regulated by offshore regulators and offer fewer protections.

What to avoid when choosing a crypto trading broker?

Here are the five must-do things when selecting a crypto trading 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

Crypto CFD (Contract for Difference) trading is a method of trading cryptocurrencies that allows traders to speculate on the price movements of various digital assets without owning the underlying assets. When cryptocurrency assets are structured as CFDs, the trader speculates with the underlying price, which is quoted against some other fiat currency. This means that traders do not buy or sell the actual cryptocurrency, but instead enter into a contract with a broker to exchange the difference in price between the opening and closing positions. In a crypto CFD trade, the trader speculates on whether the price of a cryptocurrency will rise or fall and enters into a contract with a broker, generating profits or losses based on whether the price action goes in their expected direction.
Contracts for Difference (CFDs) are financial derivatives allowing the trader to speculate with the price of the underlying without owning it. Their advantage is that you can gain immediate entry into the market and generate huge profits (but also incur substantial losses) within a relatively short period of time. This is made possible by the leverage with which CFDs can be traded.
To purchase actual cryptocurrency assets (don’t confuse with crypto CFDs), you should choose a cryptocurrency exchange, create an account, deposit funds using various payment methods, buy the cryptocurrency of choice by placing an order on the exchange, and store the cryptocurrency in a secure wallet.
Owning cryptocurrency provides you with direct ownership of the asset, while CFD trading on cryptocurrencies allows you to speculate on price movements without owning the asset, with the potential to profit from both rising and falling markets.
Brokers serve the role of financial intermediaries, providing traders and investors access to the market. In the case of crypto CFD trading, brokers provide traders with the liquidity and leverage needed to execute their orders.
You have to pay attention to broker’s trustworthiness and transparency as well as fees and platforms. Moreover, crypto traders should consider a broker’s execution speeds. Crypto CFDs are among the most volatile assets, amplifying the risk of negative slippage. That is why traders need to look for brokers with a ‘best execution policy’, ensuring order filling under the most favorable conditions.
The main difference between a crypto CFD broker and a crypto exchange is that a crypto CFD broker offers derivatives trading, while a crypto exchange allows you to buy, sell, and trade actual cryptocurrencies.
Yes, you can. Some brokers offer CENT accounts, allowing traders to execute very small positions. However, traders need to keep in mind that crypto CFDs are very volatile assets, and even small changes in the price action can lead to considerable changes in the underlying margin. In other words, the risks of gaining too much market exposure are multiplied when the account balance is smaller.
Our research indicated that EightCap provides access to more than 100 cryptocurrencies, offering traders access to major and minor crypto pairs.
Our tests showed that AvaTrade and Exness have the best platforms for trading crypto CFDs. They support fast order execution and have plenty of technical indicators and drawing tools – both essential for crypto trading.
Yes, crypto trading is available on MetaTrader 4&5. However, a broker is needed to connect you to the market and to provide liquidity and leverage.
From our research, OCTA provides the best platform for trading crypto CFDs for beginners. It is highly intuitive and efficient so that even novice traders can find their way around.
Libertex stands out as a premier platform for trading cryptocurrency CFDs, particularly for professional traders. Beyond its extensive suite of analytical tools, the platform provides access to market sentiment indicators. These tools are essential for gaining a comprehensive understanding of market dynamics.
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.
Our tests showed that IC Markets has the lowest fees. It offers a combination of commission-free trading and floating spreads below the industry average.

About the Author

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.

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.

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.