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Best EOS Trading Brokers 2020

Bob Mason
Last Update:
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In order to begin trading cryptocurrencies, there are a number of key considerations that need to be made well in advance.

Firstly, you will need to decide on the actual cryptos and pairings that you wish to trade or cryptos that you wish to invest in. You will also need to decide whether you wish to invest in actual cryptos or cryptos via derivative contracts.

This will shorten the number of brokers for consideration.

At this point, you will then need to prioritize what attributes of a crypto broker are of particular importance. These can include fees, regulations, security, and so on.

The brokers below represent the best EOS Trading Brokers.

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BrokerRatingOfficial SiteRegulationsMin DepositMax LeverageTrading PlatformsFoundation YearPublicly TradedTrading Desk TypeCurrenciesCommoditiesIndicesStocksCryptoCommission on tradesFixed spreadsoffers promotionsOfficial Site
Plus500
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76.4% of retail CFD accounts lose money

ASIC, CySEC, FCA, FSB, ISA, MAS

$100

1:30

Plus500

2008

No dealing desk

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76.4% of retail CFD accounts lose money

eToro
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62% of retail CFD investors lose money

ASIC, CySEC, FCA, MiFID

$200

1:30

cTrader, Currenex, eToro Platform, Keystone, Marketspulse, Mirror Trader, MT4, MT5, Tradologic, Zulutrade

2007

Market Maker, No dealing desk, STP

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62% of retail CFD investors lose money

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.

Plus500

Regulated By:ASIC, CySEC, FCA, FSB, ISA, MAS

Foundation Year:2008

Headquarters:Building 25, MATAM, Haifa, Israel

Min Deposit:$100

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76.4% of retail CFD accounts lose money

Plus500 was founded in 2008 and is the main sponsor of football club Atlético Madrid. The Plus500 trading platform is offered by Plus500 UK Ltd which is authorised and regulated by the UK Financial Conduct Authority and is also a subsidiary of Plus500 Ltd which is a publicly-traded company listed on the London Stock Exchange.

The broker’s trading platform is available in more than 50 countries and is authorised and regulated around the world by the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC), the Monetary Authority of Singapore (MAS) and the Israel Securities Authority (ISA), among others.

Pros: Cons:
  • Multiple regulations from around the world – FCA, CySEC, ASIC, MAS, ISA.
  • More than 2,500+ CFDs to trade on, covering multiple asset classes.
  • Commission-free trading.
  • Simple to use proprietary trading platform.
  • Multilingual customer support 24/7.
  • No phone support offered.
  • Lack of market news and trader education.

eToro

Regulated By:ASIC, CySEC, FCA, MiFID

Foundation Year:2007

Headquarters:Kanika International Business Center 7th Floor, 4 Profiti Ilia Street Germasogeia, Limassol, Cyprus

Min Deposit:$200

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62% of retail CFD investors lose money

eToro is an online trading platform that was founded in 2007 by the Assia siblings and their friend David Ring in Tel Aviv, Israel. Formerly known as RetailFX, eToro is the pioneering online broker for social trading. Their Openbook social trading platform in fact changed the nature of the way beginner online traders can trade the financial markets. It made the markets accessible to everyone, no matter what their level of experience by creating a user-friendly environment and allowing traders to copy the trades of other traders’ strategies automatically.

Pros

  • Highly regulated broker (FCA, CySEC and ASIC)
  • Innovative trading platform
  • Wide range of assets to trade with
  • Ability to earn 2% management fee as an Investor trader
Cons

  • Spreads are higher than average
  • Does not have the MetaTrader platform

EOS

EOS is a virtual cryptocurrency and blockchain created to address scalability issues faced across other blockchains. In particular, the focus is on addressing transaction fees and speeds.

With a genesis date of 2017, EOS became active back in mid-2018, EOS has become a mainstay top 20 crypto by market cap. When considering the scalability issues faced by the likes of Bitcoin, it is unsurprising that EOS has enjoyed a widening audience.

Best EOS Brokers by Volume

As is the case with the investing and trading of any asset class, it is important that you choose a broker that has adequate liquidity and presence.

This comes in a number of forms but the most important would include:

  • An international presence: An international presence should ensure an adequate client base for the broker to meet buying and selling requests. This would also offer multi-time zone trading.
  • Deposit and Withdrawals: Facilitates and supports timely withdrawals and also deposits. We would have concerns over any broker that fails to guarantee the timely withdrawal of funds. The lengthier the timeframe, the greater the suggestion of funding issues.
  • Regulatory landscape: Regulated brokers in a more regimen regulatory environment should provide a degree of comfort. Regulators ensure that adequate measures are in place to protect their customers and their assets.

Once you have considered the most appropriate brokers for EOS/USDT and EOS/USD pairs, we then consider other key attributes of a broker.

Broker Selection Criteria

While some preferred attributes will vary amongst traders, a number should be common amongst all traders. These must include:

  • Established: An established broker with a good and long track record should be an important consideration. We would recommend that you don’t choose brokers with less than a 3-years track record.
  • Minimum Deposit: Brokers with lower minimum deposits would likely have a larger client base. This also removes barriers to entry for more novice investors and traders. It would be appropriate to select brokers with minimum deposits of less than US$1,000.
  • Funding Options: Brokers that support a broad range of funding options are preferred. This should include bank transfers and credit card deposits.
  • Security: At a minimum, there should be the availability of 2FA and a lack of history of being hacked.
  • Fees and Spreads: Both spreads and other fees are also key considerations. Sizeable spreads and deposit and withdrawal fees can eat into earnings or exasperate losses. Look for Brokers with:
    • A combination of low withdrawal and deposit fees.
    • Low CFD Commission fees.
    • Inactivity fees: Brokers may charge fees for inactivity. Be aware of this.
  • Support: 24-hour customer support is important. Support should be available via:
    • Live Chat.
    • Phone.
    • Email.
  • Execution Speed: In the volatility of the crypto world, fast execution speed is essential to minimize slippage. Assurances of execution speeds would be important.

Other Factors for Consideration

Simplicity: For more novice traders, signing up with a more technical broker will have its pitfalls. Ensure that you trial demo accounts before making any commitments.

Platform: Platforms on offer should 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 avoid brokers that don’t support 24-7 trading.

Indicators: While the vast majority of brokers offer advanced charts with an array of indicators to support technical analysis, not all offer this. For more advanced traders, this will likely form part of the decision making process.

Risk Management: With crypto market volatility, the availability of guaranteed stop loss and take profit will be a must for many. There are a number of brokers that do not offer this.

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” before selecting a crypto broker.

Crypto Product Selection

Away from the basic broker offerings, traders will also need to decide whether to trade actual cryptos or crypto derivatives. Each has its own advantages and disadvantages.

For those looking to trade EOS through CFDs and other derivative products, the following offer EOS 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 where you are able to safely store any EOS coins that you purchase. Brokers may offer custodial services, so this does come at your own risk should the broker provide no guarantees. If trading via derivatives contracts, you would not require crypto wallet storage.

Trade With A Regulated Broker

  • Your capital is at risk