Advertising DisclosureWe're committed to the highest standards of editorial integrity. Still, it's crucial to recognize that some products we mention come from our partners.

Here's an insight into how we make money. While we strive to be comprehensive, the compensation we receive can influence the products, companies, or services we showcase and review. Not all available options may be featured on this page.

5 Best Litecoin Trading Brokers for 2024

Looking for the top forex brokers for trading Litecoin? Based on our hands-on analysis, we’ve identified the 5 best options tailored to various trading needs. Practical tips from our experts are included.

By:
Jitan Solanki
Reviewed By:
FX Empire Editorial Board
Updated: Feb 4, 2024

List of Top Forex Brokers for Litecoin Trading

Best brokers for US traders

  • OANDA US – Best Overall in the US
    Zero markup on crypto spreads. Trade forex and crypto from OANDA’s mobile app. Access cash rebates on forex trades. Elite Trader Program for high-volume traders.

Best brokers for international traders

  • FP Markets – Best Overall
    Trade from MT4, MT5 and cTrader. Deposit and withdraw funds in cryptocurrency. Trade with crypto leverage of up to 1:50. Access more than 850 tradable instruments.
  • IC Markets – Best for Beginners
    Extensive platform video tutorials. High-quality, in-depth trading courses. In-house and third-party market research. Commission-free and demo trading accounts.
  • AvaTrade – Best Low Spreads
    Trade with low spreads and zero commission. Access 1,250 tradable instruments. Trade from MT4, MT5, AvaTrade Go and AvaOptions. Crypto pairs are available in different fiat currencies.
  • Plus500 – Best for Professional Traders
    Trade with a firm listed on the London Stock Exchange. Higher leverage for professional traders. Premium Service Package for exclusive webinars, research, and support. Large range of markets, including options.

How did FXEmpire select the Best Litecoin Trading Brokers?

  • We ensured each broker achieved a high overall score from our proprietary rating system.
  • We verified the regulatory license for the jurisdictions each broker operates.
  • We checked that the digital token Litecoin is available for trading.
  • We confirmed a wider selection of cryptocurrencies is available to trade on.
  • We checked that each broker provides the ability to trade cryptocurrencies using leverage.
  • We assessed the trading fees for Litecoin and other cryptocurrencies to ensure they are as low as possible compared to the industry average.
  • We opened a live trading account to witness first-hand the broker’s live spreads and check their competitiveness.
  • We tested the trading platforms to ensure a live chart of Litecoin is available and that it is user-friendly and simple to trade from.
  • We explored the different payment options to check if you can deposit and withdraw funds using crypto.
  • We examined the available research and educational materials to determine how well they support trading cryptocurrencies.

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

Now let’s dive into the selected brokers.

Best Overall

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

Established in 2005, FP Markets ranks as our top overall broker for trading Litecoin. The broker offers access to over 850 financial instruments, including cryptocurrencies, forex, stocks, indices, and commodities. Traders can execute trades via the MT4, MT5, and cTrader platforms, all while benefiting from low, competitive spreads and zero commissions.

Key Features:

  • Regulators: AISC, CySEC, FSCA, Unregulated SVG entity
  • Crypto Max Leverage: 1:50
  • Litecoin Spread: 0.36 pips
  • Number of Cryptocurrencies: 12
  • Platforms: MT4, MT5, cTrader
  • Deposit/Withdraw in Crypto: Yes

During our live test, I was impressed by the extensive range of over 850 financial instruments, spanning cryptocurrencies, stocks, forex, indices, and commodities. The platform offers 12 cryptocurrencies, all paired against the US dollar, with a maximum trading leverage of 1:50. This allows you to open a $50,000 crypto position with just $1,000 — an excellent feature for small account holders.

I found the spread for Litecoin averaged 0.36 pips with zero commission, which is very competitive in the industry. The MT4, MT5, and cTrader platforms all offer fantastic technical analysis tools and algorithmic trading capabilities to trade cryptos. But, I was most impressed by the fact you can deposit and withdraw funds in the cryptos BTC, ETH, XRP, and USDT with only blockchain fees to pay.

Pros
  • Up to 1:50 crypto leverage.
  • Competitive spreads, zero commission.
  • Multiple trading platforms.
  • Crypto deposit/withdrawal options.
Cons
  • Not the largest selection of cryptos to trade.

Best for Beginners

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.
  • Min Deposit
    $200
  • Tradable Instruments
    2251
  • Fees
    Low

Founded in 2007, IC Markets stands out as the top broker for beginners, offering commission-free and demo trading accounts. The broker also boasts an excellent selection of educational materials, including live trading webinars and courses, along with a comprehensive suite of research tools.

Key Features:

  • Regulators: CySEC, ASIC, FSA Seychelles
  • Crypto Max Leverage: 1:200
  • Litecoin Spread: 1.59 pips
  • Number of Cryptocurrencies: 18
  • Platforms: MT4, MT5, cTrader
  • Deposit/Withdraw in Crypto: No

During our live test, I found the IC Markets platform video tutorials both easy to watch and highly informative. They offr an excellent introduction to trading different instruments, including Litecoin, via the MT4 platform. The option of using a commission-free trading account is particularly useful for beginners, as most trading costs are built into the spread.

I was especially impressed by the depth and quality of the IC Markets blog, which provides access to a wide range of educational content. This includes courses like Technical Analysis 101, Trading Plan 101, and Fundamental Analysis 101, as well as podcasts, and live trading webinars. The broker's in-house research team also provides regular market updates and research insights, which beginners will find invaluable.

Pros
  • Free demo trading account.
  • Commission-free trading.
  • Multiple trading platforms.
  • 6 educational courses.
Cons
  • Research is mainly based on fundamentals.

Best Low Spreads

Trading CFDs and FX Options entail risk and could result in the loss of your capital.
  • Min Deposit
    $100
  • Tradable Instruments
    853
  • Fees
    Medium

Established in 2006, AvaTrade provides the ability to trade on more than 1,250+ financial instruments, including 20 different cryptocurrencies with zero commission and low spreads.

Key Features:

  • Regulators: CBI, CySEC, FSCA, FSRA, ISA, FSC BVI, FSA Japan
  • Crypto Max Leverage: 1:25
  • Litecoin Spread: 0.32 pips
  • Number of Cryptocurrencies: 20
  • Platforms: MT4, MT5, AvaTrade WebTrader
  • Deposit/Withdraw in Crypto: No

During our live fee test, I found the spread for trading Litecoin (LTC/USD) averaged 0.32 pips, which is very competitive for a commission-free trading account. I was also impressed by the range of cryptocurrencies available and the fact you can trade some of them against different fiat currencies, including the US dollar, euro, and Japanese yen.

You can trade on the globally popular platforms MT4 and MT5, but the AvaTrade own web platform is well worth considering for quick and easy trading. With top-of-the-range charting capabilities, you can also access news, trading signals, and ideas from third-party research and analytics company Trading Central directly from the web platform.

Pros
  • Competitive spreads.
  • Commission-free crypto trading.
  • Crypto pairs available in different fiat currencies.
  • Trading Central research and tools.
Cons
  • A fee of 50 USD/EUR/GBP if no activity for 3 months.

Best for Professional Traders

CFD Service, 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
  • Min Deposit
    $100
  • Tradable Instruments
    2047
  • Fees
    Medium

Established in 2008, Plus500 is an excellent option for professional traders to trade with a truly global broker that is listed on the London Stock Exchange. With access to more than 2,800 leveraged financial CFD instruments, the Plus500 Premium Service Package and Professional Trading account offer some excellent features.

Key Features:

  • Regulators: FCA, CySEC, ASIC, FMA, FSCA, MAS, FSA Seychelles
  • Crypto Max Leverage: 1:5 (professional only)
  • Litecoin Spread: 0.65 pips
  • Number of Cryptocurrencies: 14
  • Platforms: Plus500 WebTrader
  • Deposit/Withdraw in Crypto: No

During our live test, I was impressed by the Professional Trader Account provided by Plus500. Although the ESMA directive made it a legal requirement to restrict leverage and offer a negative balance protection policy for retail traders, Plus500 extends these benefits to professional clients as well. Specifically, it offers professionals higher leverage of 1:5 on cryptos, compared to 1:2 for retail clients, and includes negative balance protection, which isn't a regulatory requirement for professional clients.

I also discovered that Plus500 offers a Premium Service Package that grants access to a dedicated client manager, exclusive trading webinars, and expert research analysis. The package also includes a broader range of markets that professionals may find valuable, such as the ability to trade Option CFDs.

Pros
  • Higher leverage for professionals.
  • Premium Service Package.
  • Trading rebates for professionals.
  • 2,800+ leveraged financial CFD instruments.
Cons
  • Stringent requirements to be classified as a professional.

Best Overall in the US

OANDA corporation is a member of NFA and is subject to NFA's regulatory oversight and examinations. However, you should be aware that NFA does not have regulatory oversight authority over underlying or spot virtual currency products or transactions or virtual currency exchanges, custodians, or markets.
  • Min Deposit
    $0
  • Tradable Instruments
    77
  • Fees
    Medium

Established in 1996, OANDA is an excellent option for US traders who want to trade cryptocurrencies such as Litecoin. Through the OANDA mobile app, you can trade a wide range of forex and crypto pairs and receive up-to-date news and market analyst commentary.

Key Features:

  • Regulators: CFTC/NFA, IIROC, FCA, ASIC, MAS, FFAJ, FSA BVI – but no regulation when trading cryptos
  • Crypto Leverage: No
  • Litecoin Fees: Zero spread markup. 0.25% of trade volume on all executed orders
  • Number of Cryptocurrencies: 8
  • Platforms: OANDA Mobile App
  • Deposit/Withdraw in Crypto: No

OANDA provides the ability to trade cryptocurrencies through its mobile app through its partnership with the Paxos Trust Company exchange. New York-based Paxos was the first company in the U.S. to be approved and regulated to offer cryptocurrency products. An important note is that while OANDA Corporate is heavily regulated, all digital asset transactions will be done through the Paxos Trust Company exchange, which is not part of the NFA and, therefore, not subjected to its regulatory oversight. This also means funds are not covered by SIPC.

Forex traders can trade from the OANDA mobile app, as well as MT4 and TradingView. The broker offers an Elite Trader program where traders can earn cash rebates from 5 USD to 17 USD per million traded, which is an excellent feature for high-volume traders. This program also provides discounts on using third-party platforms such as TradingView and access to VIP events.

Pros
  • Zero spread markup on cryptos.
  • Feature-rich OANDA mobile app.
  • Elite Trader program for forex traders.
  • Trade forex on MT4, TradingView.
Cons
  • No leveraged crypto trading available .

How to choose a Litecoin trading forex broker?

Here’s a quick guide on choosing the best forex broker for trading Litecoin.

1. Is the broker regulated?

The cryptocurrency industry is known to be full of scams. As governments catch up to this new type of asset class, regulatory frameworks are still being created. However, there are well-known financial centers that are now starting to regulate crypto firms. It is important to stick to these types of brokers that are regulated.

A regulated broker must legally adhere to a strict set of rules and policies. If you choose to trade with an unregulated broker, then there is nothing you can do if they decide to steal your capital. I would highly recommend avoiding unregulated brokers.

Here are a few tips to check a broker’s authorizations and licenses to operate:

  • Where is the broker based? If the broker operates from a well-known financial region such as the UK, USA, Singapore, Japan, etc., then they are legally required to adhere to the strict laws and policies set out by the country’s financial regulator, providing a higher level of safety and security.
  • Can you identify them on the regulator’s register? A country’s financial regulator will have an online register of firms that are licensed by them. Search for the broker on this register to verify their license and authorizations.

It’s also important to note that every financial regulator has a different level of guidelines and policies. For example, the UK FCA has a ban on leveraged crypto trading for retail traders and only allows it for professional traders. Other Tier-1 regulators such as CySEC and ASIC allow their brokers to provide crypto trading products such as Litecoin.

Brokers regulated by Tier-1 regulators generally provide the highest level of safety and security for retail traders. Both CySEC and ASIC legally require brokers to segregate client funds from company assets — ensuring the broker doesn’t use your money for operational expenses — and to offer negative balance protection, preventing your account from falling into negative territory.

Read more about best regulated forex brokers in our comprehensive guide.

2. Are the fees transparent?

There are a variety of fees to take into consideration when choosing a Litecoin trading forex broker:

  • Spread. The difference between the buy price and sell price of a crypto pair. See our guides on the best zero spread and best lowest spread forex brokers.
  • Commission. A charge for executing a trade.
  • Overnight or swap fee. The cost of holding a leveraged or margined position overnight. Find the list of the lowest swap brokers in our detailed guide.
  • Payments. Fees to deposit or withdraw funds.
  • Inactivity. A charge when no activity has taken place for a certain number of months.

A broker will want to charge the highest fees possible, whereas the trader will want the lowest fees possible. As forex and crypto trading have become more popular over the years, brokers now compete with each other to attract traders. Therefore, some brokers will offer some very low fees.

To identify the transparency and competitiveness of a broker’s trading fees, you should check their website and legal terms and conditions document or speak to a customer support agent. If it is not clear or transparent, it’s probably best to avoid that broker.

3. Which account type is best?

Brokers will often offer a variety of different account types. They can be generally categorized into a commission-free trading account and a commission-based trading account.

  • A commission-free trading account means there are zero fees to buy or sell as, usually, the broker will markup the spread they receive from the interbank market or exchange.
  • A commission-based trading account means there is a fee to buy or sell as, usually, the broker is providing you with the interbank market or exchange spreads that have no markup.

Beginner traders may prefer to start with a commission-free trading account first, as most of the costs are incorporated into the spread, making risk management decisions a bit easier. Short-term traders may prefer to trade with a commission-based but low-spread trading account to get filled at the best possible price available in the market.

4. How much leverage is available?

With some crypto brokers, you are buying physical tokens that you will then need to store in a wallet. When trading real tokens, you need the full face value of the transaction size. For example, if you wanted to purchase $10,000 worth of Litecoin, then you need to have $10,000 to buy the coins.

For years, forex brokers have been offering the ability to trade on leverage. This has now been transferred over to the trading cryptos as well. For example, if a forex broker offers 1:50 leverage when trading Litecoin, this means with just $10,000, you can control a position size of $500,000 worth of Litecoin tokens.

When using leverage, you only need to put up a small amount of capital to control a larger position. However, your profit and loss are calculated on the total trade value, so it will amplify both winning and losing trades.

Tier-1 regulators have restricted the cryptocurrency leverage to 1:2 for retail traders. Many brokers may offer higher leverage with entities that are regulated in offshore jurisdictions. While this may sound enticing, this also means there are lower investor protections on your capital. Therefore, you should consider what is most important to you and choose your broker accordingly, knowing the risks.

For those comfortable with these dynamics, FX Empire offers a list of the best forex brokers with high leverage, carefully selected to suit specialized trading needs.

5. What trading platforms are available?

To trade cryptocurrency successfully, you need a top-notch trading platform to access the market, analyze the market and send your trading orders through. Some of the most common trading platforms provided by brokers include:

  • MetaTrader 4: This platform has long been the ‘go-to’ forex – and now crypto – trading platform. It provides excellent technical analysis and charting tools and has algorithmic trading capabilities.
  • MetaTrader 5: This is an updated version of MT4, offering more execution styles, order types, timeframes, and indicators. It can also support more tradable instruments than MT4.

Check out our dedicated guides on best MT4 brokers and best MT5 brokers.

  • cTrader: This platform has been specifically designed for high-frequency, algorithmic traders and scalpers. Read more about best cTrader brokers.
  • TradingView: A social trading web-based platform that has advanced research and charting capabilities across all of the world’s asset classes. See our detailed list on the best TradingView brokers.
  • In-House Proprietary Software: Some brokers will invest heavily into building their proprietary platform, which may come with more features than the third-party platforms listed above.

Personally, I like to trade with a broker that offers multiple trading platforms and/or platforms available on multiple devices. This is because if one platform goes down, I can easily trade from another one. Or if my web connection cuts out, I can log in to the mobile app and continue to trade.

You may be able to test each trading platform using a demo account, which could be worthwhile in the early days of your trading career. You can also check out our dedicated guide on best forex trading platforms.

What to avoid when choosing a crypto trading broker?

When choosing a crypto trading broker, here are some things to avoid:

  • A promise of high returns. There are many unregulated crypto trading brokers that will advertise high returns and easy gains. There are no get-rich-quick schemes, so it’s best to avoid brokers making such claims.
  • No physical presence in a well-established region. If a broker does not have an office with employees in a well-known region, it’s a major red flag, and you should avoid them at all costs.
  • No government regulation. While crypto trading is loosely regulated, there are many crypto trading brokers that will choose to be regulated and licensed by well-known authorities. It’s best to stick to brokers that adhere to regulatory oversight to ensure your capital is safe.
  • Unclear fees. If a broker does not clearly advertise the fees for trading cryptocurrencies, then they may be trying to hide something. All fees should be clearly detailed in the legal terms and conditions document and on the broker’s website.

How to avoid forex scams?

Unfortunately, the cryptocurrency world is full of sophisticated scams. You can protect yourself by remembering the following:

  • Only trade with regulated brokers that have strict oversight of their operations.
  • Only trade with brokers that are based in well-known financial regions, as there will likely be more regulatory safety in how they handle your funds.
  • Check the broker has a physical office with employees that you can contact by phone, email, and social media. A reputable broker will have lots of staff working for them.
  • Conduct a reputation check by searching for the broker in a news search engine. Ensure there are no legal cases or issues tied to the broker.
  • Always read the legal terms and conditions you are signing up to, as it is how you can hold the broker to account and check the protections you have available.
  • Use only well-known and reputable payment methods.

Our Methodology

To evaluate brokers, we use a proprietary rating system that involves analyzing 250 data points across nine core categories, which include:

  • Trustworthiness: We confirm the authorization and licenses of each broker with the regulator in the jurisdiction they operate.
  • Fees: We open a trading account with each broker to test the broker’s trading fees and execution live.
  • Trading platform and tools: We examine the features, usability, and speed of the trading platforms each broker provides.
  • Tradable instruments: We assess the variety of tradable instruments each broker offers to ensure a wide and diverse range is available.
  • Customer support: We interact with the customer support team to test the ease of access, knowledge, and helpfulness.
  • Payment methods: We examine all of the different payment methods, their associated fees, and processing times.
  • Account types: We investigate the different elements of each account type and check their execution methods, minimum deposits, and additional features.
  • Research and education: We explore the quality and depth of each broker’s research and educational materials.

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.

For this guide, we also confirmed that each broker offers the ability to trade on the cryptocurrency Litecoin with low and competitive trading fees. We also ensured each broker provides a diverse range of cryptos to trade on from feature-rich and user-friendly trading platforms.

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 writers 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 BlystoneBroker Analyst

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 SolankiBroker Analyst

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 StoyanovBroker Analyst

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 ZernovBroker Analyst

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.

Many forex brokers also offer the ability to trade cryptocurrencies. While some brokers may not offer hundreds of altcoins, they will tend to offer the major coins such as Bitcoin, Ethereum, and Litecoin.
Crypto CFD trading is only regulated if you choose to trade with a regulated broker. There are many unregulated brokers that will offer crypto CFD trading, but they should be avoided.
When purchasing a crypto asset, you need the full value of the transaction size. When trading crypto CFDs, you only need a small deposit to be held as a margin to control the full value of the transaction size, allowing your money to go further. For example, if a broker offers 1:50 crypto CFD leverage, this means you only need $1,000 to control a crypto position worth $50,000.
When trading crypto CFDs, the main fees include the spread, commissions, and swaps. The spread is the difference between the buy price and the sell price. A commission may be charged to buy or sell. Swap fees represent an overnight financing fee that occurs when holding a leveraged position overnight.
The leverage available for trading crypto CFDs depends on where the broker is located. Brokers authorized by Tier-1 regulators such as CySEC and ASIC restrict crypto CFD leverage to 1:2 for retail traders. Some offshore brokers may offer 1:50 crypto leverage or more.
Litecoin was designed for faster transaction speeds compared to other cryptocurrencies, enabling its use in real-world purchases. Although it remains a blockchain-based cryptocurrency, many analysts highlight its practical real-world usability.
Litecoin can be traded on MetaTrader if the broker offers it.
The best crypto trading forex broker for beginners is IC Markets. The broker provides an excellent range of platform video tutorials and cryptocurrencies to trade on with zero commissions.
The best crypto trading forex broker for professionals is Plus500. The broker provides access to higher leverage and a Premium Service Package.
The top brokers for trading Litecoin include FP Markets, IC Markets, AvaTrade, Plus500, and OANDA US.
When purchasing real Litecoin tokens, you need a crypto wallet to store those digital tokens. When trading Litecoin CFDs, you are speculating on the price direction of Litecoin, so you do not own the tokens and, therefore, do not require a crypto wallet.
AvaTrade has some of the lowest crypto trading fees. There are zero commissions to buy or sell crypto, and the spread on Litecoin is only 0.32 pips, which is very competitive compared to the industry average.
When trading crypto CFDs, trades are executed in less than a second.
A crypto CFD trading broker usually has a client portal area with deposit and withdrawal options. Here, you can withdraw funds from your account.
Some forex brokers, such as FP Markets, do allow clients to deposit and withdraw funds using crypto.
In forex trading, a negative balance protection is a policy to ensure a client’s account does not go below zero.
You can verify your broker has a negative balance protection policy by reviewing the broker’s legal terms and conditions document. Brokers licensed by tier-one regulators are legally required to offer a negative balance protection. Some other brokers will also choose to do so.
In forex trading, a compensation scheme protects client capital up to a certain amount in the event a broker becomes insolvent.
To verify if your broker is a member of a compensation scheme, you should check the broker’s legal terms and conditions document. Brokers licensed by some tier-1 regulators such as the UK FCA, CySEC, and IIROC are legally required to be part of a compensation scheme.
A segregated fund is a fund that holds client funds separate from the broker’s operation funds. This is to ensure the broker is not using client funds to run the business.
To verify if your broker segregates client funds from their operating funds, you should check the broker’s legal terms and conditions document. Brokers licensed by some tier-1 regulators are legally required to segregate client funds; other brokers may also choose to do so.

About the Author

Jitan SolankiBroker Analyst

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.

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.