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Best Crypto Trading Brokers 2021

Bob Mason
Last Update:
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For prospective crypto investors and traders looking to access the market via crypto brokers, there are some key factors that must be considered within the selection process.

Firstly, you will need to decide on which cryptos you wish to invest and which pairings your wish to trade.

With the crypto market continuing to become more sophisticated, you will also need to decide on whether to investor or trade actual cryptos or crypto derivative products.

Brokers provide investors and traders with access to cryptos as well as CFDs and futures

The list of brokers that meet your criteria will have narrowed upon the first set of considerations that you make.

You will now need to decide on which broker offerings are of greater importance in terms of your selection criteria.

Unlike the more mature asset classes, there are some material differences in fees and spreads, support, reputation, deposit and withdrawal options, and minimum deposit requirements.

It is therefore important to prioritize what is most important in the selection criteria and carry out the necessary due diligence.

The brokers below represent the best Crypto Trading Brokers

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BrokerRatingOfficial SiteRegulationsMin DepositMax LeverageTrading PlatformsFoundation YearPublicly TradedTrading Desk TypeCurrenciesCommoditiesIndicesStocksCryptoCommission on tradesFixed spreadsoffers promotionsOfficial Site
Exness
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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.

CySEC, FCA, FSA(SC), FSCA

$1

1:2000

MT4, MT5

2008

Market Maker, No dealing desk

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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.

First Prudential Markets Pty Ltd
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Your capital is at risk

ASIC, CySEC

$100

1:500

IRESS, MT4, MT5, WebTrader

2005

No dealing desk

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Your capital is at risk

BDSwiss
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This website is for general information purposes only and is operated by BDSwiss AG. BDSwiss AG is the BDSwiss Group’s Holding Company domiciled in Grienbachstrasse 11, 6300, Zug, Switzerland. BDSwiss AG does NOT offer any financial products or services.

BaFin, CySEC, FSA(JP), FSC, NFA

$100

1:30

MT5, Proprietary, WebTrader

2012

Market Maker, STP

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This website is for general information purposes only and is operated by BDSwiss AG. BDSwiss AG is the BDSwiss Group’s Holding Company domiciled in Grienbachstrasse 11, 6300, Zug, Switzerland. BDSwiss AG does NOT offer any financial products or services.

AvaTrade
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71% of retail investor accounts lose money when trading CFDs with this provider

ASIC, BVI, CBI, CySEC, FSA(JP), FSC, FSCA

$100

1:30

AvaOptions, AvaSocial, AvaTradeGo, MT4, MT5, Proprietary, WebTrader

2006

Market Maker

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71% of retail investor accounts lose money when trading CFDs with this provider

Capital.com
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CySEC, FCA

$20

1:30

Proprietary

2016

Market Maker

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

IC Markets
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Trading Derivatives carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved, and seek independent advice if necessary. A Product Disclosure Statement (PDS) can be obtained either from this website or on request from our offices and should be considered before entering into a transaction with us. Raw Spread accounts offer spreads from 0.0 pips with a commission charge of USD $3.50 per 100k traded. Standard account offer spreads from 1 pips with no additional commission charges. Spreads on CFD indices start at 0.4 points. The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

ASIC, CySEC, FSA(SC)

$200

1:500

cTrader, MT4, MT5

2007

ECN, No dealing desk

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Trading Derivatives carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved, and seek independent advice if necessary. A Product Disclosure Statement (PDS) can be obtained either from this website or on request from our offices and should be considered before entering into a transaction with us. Raw Spread accounts offer spreads from 0.0 pips with a commission charge of USD $3.50 per 100k traded. Standard account offer spreads from 1 pips with no additional commission charges. Spreads on CFD indices start at 0.4 points. The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

Pro Tip: Most of these brokers offer free demo accounts so you can test the brokers and their platforms with virtual money. Give it a try with some play money before using your own cash.

Here’s a list of The Best Crypto Trading Brokers

Note: Not all Forex brokers accept US clients. For your convenience we specified

Exness

Regulated By:CySEC, FCA, FSA(SC), FSCA

Foundation Year:2008

Headquarters:Siafi 1,PORTO BELLO Building, Flat 401,3042, Limassol, Cyprus

Min Deposit:$1

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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.

The Exness Group was founded in 2008 and has licences from the UK Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC) and the Financial Services Authority (FSA) of Seychelles whose services this review is based upon. The group has more than 120,000 active traders and posts key performance indicators on its website.

Exness offers users the ability to trade on a wide range of asset classes covering Forex and CFDs on Crypto, Metals, Energies, Stocks and Indices across five core trading accounts. Professional Accounts are called Raw Spread, Pro and Zero with account leverage of up to 1:2000 on MT4 and unlimited leverage on MT5, no trading commissions on the Pro Account and 3.5 USD commission per lot, per side for Raw Spread and Zero Accounts. Standard accounts are called Standard and Standard Cent which are both commission-free. Demo accounts and Islamic swap-free accounts are also available.

Pros: Cons:
  • Commission-free trading available.
  • 24/7 customer support in English/Chinese.
  • Impressive range of Forex pairs to trade on.
  • Offshore regulation.
  • Only a selection of US stocks available.

FP Markets

Regulated By:ASIC, CySEC

Foundation Year:2005

Headquarters:Level 5, Exchange House 10 Bridge St Sydney NSW 2000, Australia

Min Deposit:$100

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Your capital is at risk

FP Markets was founded in 2005 and is regulated by the Australian Securities and Investments Commission (ASIC), offering segregation of client funds and top tier liquidity. FP Markets is a group of companies that includes First Prudential Markets Ltd which is authorised and regulated by the Cyprus Securities and Exchange Commission.

The broker offers the ability to trade on more than 10,000+ financial instruments covering Forex, Equities (Share CFD’s), Metals, Commodities, Indices and Cryptocurrency CFDs. Users have access to a range of accounts including the Standard Account (commission-free) and Raw Account (commission-based) for MetaTrader users, both offering ECN pricing and maximum leverage of 500:1. Users can also access Iress Accounts which are commission-based.

Pros: Cons:
  • ASIC regulated.
  • ECN pricing and DMA trading available.
  • 10,000+ tradable financial instruments.
  • Wide range of trading platforms and trading tools available.
  • Excellent customer support and education tools.
  • The volume of choice of markets and accounts may be overwhelming for beginner traders.

BDSwiss

Regulated By:BaFin, CySEC, FSA(JP), FSC, NFA

Foundation Year:2012

Headquarters:Apostolou Andrea Street 11, Hyper Tower, 5th Floor, Limassol 4007

Min Deposit:$100

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This website is for general information purposes only and is operated by BDSwiss AG. BDSwiss AG is the BDSwiss Group’s Holding Company domiciled in Grienbachstrasse 11, 6300, Zug, Switzerland. BDSwiss AG does NOT offer any financial products or services.

BDSwiss was founded in 2012 and offers trading accounts regulated under the Mauritius Financial Services Commission and the Cyprus Securities and Exchange Commission.

Users can trade on more than 250+ financial CFD instruments covering Forex, Commodities, Cryptocurrencies, Indices and Equities, on 3 account types called Classic, VIP and Raw on the MetaTrader 4 and MetaTrader 5 trading platforms and the broker’s own BDSwiss Web Trader and BDSwiss Mobile App.

Pros: Cons:
  • Multiple regulations.
  • Commission-free trading available.
  • Access to raw spreads available.
  • Can trade on MetaTrader 4 and MetaTrader 5.
  • Best spread accounts require higher minimum deposits.

AvaTrade

Regulated By:ASIC, BVI, CBI, CySEC, FSA(JP), FSC, FSCA

Foundation Year:2006

Headquarters:Five Lamps Place, 77-80 Amiens Street, Dublin 1, DO1A742, Dublin, Ireland

Min Deposit:$100

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71% of retail investor accounts lose money when trading CFDs with this provider

AvaTrade was founded in 2006 and is authorised and regulated across all six continents it operates including by the CBI, BVI FSC, ASIC, FSCA, FSA and ADGM. It is one of the oldest online forex and CFD brokers with a well-established reputation for customer support, competitive fees and spreads – all in addition to offering a large range of financial instruments, even including ETFs and FX options for those who like to diversify across assets.

Users can choose to open several different account types – Retail, Professional, Spread betting and Options. The differences are discussed in the account opening section below. Retail, professional accounts offer access to over 1,250+ financial instruments across the AvaTrade propriety web-based platform, MetaTrader 4 and MetaTrader 5. Additional platforms include DupliTrade, AvaTradeGo, AvaOptions and AvaSocial, all of which are discussed further down this review.

AvaTrade also offers an array of research and market commentary from basic to expert trading videos, Online Trading Strategies, News, Market Analysis, Economic Calendars, as well as access to Trading Central which offers users market insights and intelligence through WebTrader and AvaTradeGO.

Pros: Cons:
  • Global regulation – CBI, BVI FSC, ASIC, FSCA, FSA and ADGM.
  • A wide selection of platforms for every type of trader including MT4/MT5.
  • Competitive spreads and fees.
  • Multilingual customer support.
  • Not available to residents in the USA and Iran.

Capital.com

Regulated By:CySEC, FCA

Foundation Year:2016

Headquarters:4th Floor 64-66 Vincent Square, London, United Kingdom, SW1P 2NU

Min Deposit:$20

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Capital.com was founded in 2016 and is authorised and regulated by the UK Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC). Users can trade on more than 2,000+ financial CFD instruments covering Indices, Forex, Commodities, Cryptocurrencies and Shares while accessing AI technology to analyse your trading behaviour.

The broker offers access to three types of commission-free trading accounts called Standard, Plus and Premier and also offers a Pro Trading account for those categorised as Professional, as well as the use of a demo trading account. Users can trade from Capital.com’s own, feature-rich web trading platform and mobile trading app with the ability to use 70+ technical indicators, access personalised watchlists and use advanced hedging and risk management tools.

Pros: Cons:
  • FCA UK and CySEC regulated.
  • Commission-free trading accounts.
  • 2,000+ financial CFD instruments.
  • Impressive range of research and education resources.
  • Competitive spreads.
  • No MetaTrader platform available.

IC Markets

Regulated By:ASIC, CySEC, FSA(SC)

Foundation Year:2007

Headquarters:International Capital Markets Pty Ltd Level 6 309 Kent Street Sydney NSW 2000, Australia

Min Deposit:$200

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Trading Derivatives carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved, and seek independent advice if necessary. A Product Disclosure Statement (PDS) can be obtained either from this website or on request from our offices and should be considered before entering into a transaction with us. Raw Spread accounts offer spreads from 0.0 pips with a commission charge of USD $3.50 per 100k traded. Standard account offer spreads from 1 pips with no additional commission charges. Spreads on CFD indices start at 0.4 points. The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

IC Markets was founded in Sydney, Australia, in 2007 and is regulated by the Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC), as well as the Seychelles Financial Services Authority (FSA).

The broker offers three core trading accounts called Raw Spread (cTrader), Raw Spread (MetaTrader) and a Standard Account (MetaTrader). Spreads start from zero pips on the Raw Spread accounts with commission-payable. The Standard Account offers commission-free trading with spreads from just one pip. The broker also offers demo trading accounts and Islamic swap-free accounts.

Pros: Cons:
  • Raw spread accounts with institutional grade liquidity available.
  • Commission-free trading available.
  • MetaTrader and cTrader available on desktop, web and mobile.
  • Wide range of tradable products with 24/7 customer support.
  • Impressive library of educational material and videos.
  • Beginner traders may be overwhelmed by the choice of markets and platforms.

Most Popular Cryptocurrencies:

How to Choose a Broker for Crypto Trading:

Bitcoin

Bitcoin remains the largest crypto by market cap and was the first crypto with a genesis of 2008 and launched in the wake of the Global Financial Crisis.

Referred to as a true cryptocurrency or digital currency, Bitcoin is an alternative to fiat money.

As a digital currency, Bitcoin competes with other online payment platforms, offering lower transaction fees. More importantly, Bitcoin is decentralized unlike government-issued fiat money.

Ethereum

With a genesis data of 2013, Ethereum was launched in 2015. Ethereum was created to resolve the vulnerabilities of the internet. Unlike Bitcoin, Ethereum is not considered a digital currency.

Ethereum is best known for its smart contracts, which are encoded contracts uploaded onto Ethereum’s blockchain. This protects information, not only from hackers but also from theft or manipulation.

Litecoin

Litecoin was launched in 2011 and is considered digital currency. Coming a number of years after Bitcoin, Litecoin was created to address Bitcoin’s shortfalls.

As a result, transaction times on Litecoin’s decentralized platform are faster, making it a more attractive alternative to fiat money.

Litecoin was created to compete with other true cryptocurrencies, including Bitcoin. As with Bitcoin, Litecoin also removes intermediary control that is enjoyed by banks, central banks, and governments.

Ripple’s XRP

Ripple was released in 2012, the Ripple platform exists to support cross-border transactions. The Ripple team delivered a decentralized platform that significantly reduces transaction costs, whilst materially increasing transaction speeds.

Ripple’s XRP is used to transfer funds cross-border, via the Ripple decentralized platform.

It is important to note that Ripple’s XRP is not in competition with fiat money. Ripple’s XRP is a link between fiat currencies during cross border transactions.

Stellar’s Lumen

Launched in 2014, Stellar’s Lumen is a virtual currency.  The team developed the platform and Stellar’s Lumen to support the cross-asset transfer of value.

While this includes but is not limited to payments, Stellar’s Lumen is not an alternative to fiat money. Unlikely digital or true cryptocurrencies, Stellar’s Lumen is an intermediary currency.

Stellar’s Lumen essentially enables the Stellar decentralized platform to move money around the world. Users are also able to conduct transactions between different currencies quickly and securely.

Best Crypto Brokers by Volume

In selecting the most appropriate broker, liquidity and a wide customer base must be key considerations. Alongside liquidity and a wide customer base, the broker must also have a sound reputation and a solid track record.

Therefore, some of the key considerations in identifying an appropriate crypto broker should include:

  • Deposit and withdrawal Control: Brokers with favorable deposit and withdrawal controls would suggest a more liquid broker. Key areas to consider include:
    • Guarantees the timely withdrawal of funds. Lengthy withdrawal times could highlight liquidity concerns.
    • Supports deposits and withdrawals with minimal to no fees and low minimums amounts.
    • Multiple funding and withdrawal options including crypto and fiat money.
  • International Player: A global presence would not only deliver a wider client base but also ensure multi-time zone brokerage services. A wider client base delivers greater liquidity and speed of trade execution.
  • Regulatory landscape: Depending upon your jurisdiction, choosing a broker established in a regulated jurisdiction is advisable. Tighter regulations ensure appropriate measures to protect investors and their assets.

Once you have considered the most appropriate brokers for preferred cryptos and pairs, you can then consider other key attributes of a broker.

Broker Selection Criteria

There are a number of key broker characteristics that should form part of the selection criteria. These must include:

  • Execution Speed: We would recommend avoiding brokers that do not ensure the fast execution of orders. The crypto market is a particularly volatile one. Slow execution of orders could result in sizeable losses.
  • Fees and Spreads: Fees and spreads are also key considerations. Punitive spreads and deposit and withdrawal fees will impact earnings or exasperate losses. At a minimum, Brokers should offer:
    • A combination of low withdrawal and deposit fees.
    • Low CFD Commission fees.
    • Minimal transaction fees.
  • Inactivity fees: Brokers may charge fees for inactivity. Be aware of this.
  • Funding Options: Brokers should offer a broad range of funding options. These should include payment via bank transfers, credit cards, and PayPal.
  • Minimum Deposit: Brokers who have low minimum deposits would likely have a wider customer base. This would, in turn, deliver greater liquidity and faster execution order times.
  • Reputation: It is advisable to select a broker with a good reputation and a long track record relative to its peers. Generally, we would recommend that you choose brokers with track records of 3-years or greater.
  • Security: You should research the brokers and select a broker that has a high emphasis on security. Ideally, the broker should also have no history of being hacked. Some important security measures include:
    • 2-Factor Authentication.
    • Email verification for withdrawals.
    • Pin verification for withdrawals and changes to passwords, etc.
  • Support: 24-7 customer support is essential. Brokers should provide support via:
    • Live Chat.
    • Phone.
    • Email.

Other Factors for Consideration

Indicators: While the majority of brokers will provide technical and fundamental analysis, the offer of advanced charts with an array of indicators to support technical analysis is important. For more advanced traders, this will likely form part of the decision making process.

Platform: At a minimum, platforms on offer must include demo accounts, MT4, Web Trader. These should also be mobile and tablet compatible. The crypto market is a 24-hour, 7-days per week trading market. You should, therefore, avoid brokers that don’t support 24-7 trading.

Risk Management: In order to manage risk, the broker should offer guaranteed stop loss and take profit. There are a number of brokers that do not offer this.

Simplicity: Platforms should be simple to navigate, particularly for the more novice investor. Signing up with a more technical broker will have its pitfalls. Ensure that you trial demo accounts before making any commitments.

Trader Resource Offerings: Brokers should provide their client base with:

  • Free technical and fundamental analysis.
  • Tutorials and other detailed training material.

Ultimately, it is important to identify a priority list of “must-haves” from the above and carry out due diligence before making any commitment.

Crypto Product Selection

One final consideration is whether to trade actual cryptos or crypto derivative contracts. Derivative contracts would include CFDs and Futures.

Each has its own advantages and disadvantages. For those looking for enhanced earnings, brokers tend to offer leverage when trading derivatives. In the volatile world of crypto, the added advantage of derivate products is that you can go both long and short.

For those looking to trade crypto through CFDs and other derivative products, the following offer derivatives trading:

It is worth noting that some brokers do not permit U.S clients to trade. Due to regulatory requirements, there may be other restrictions depending upon your jurisdiction.

Upon selection of your broker, do ensure that you set up cold wallets. This allows you to safely store any idle cryptos that you purchase. Brokers may offer custodial services. This does come at your own risk, however, should the broker provide no guarantees. If trading via derivatives contracts, you would not require crypto wallet storage.

Trade With A Regulated Broker