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Crypto Broker Comparison 2019 – find a suitable crypto trading provider

Finding the best crypto broker to invest with is not always easy. As more and more brokers are adding virtual currency to their portfolios, you may find you are spoiled for choice. In order to make the best possible decision regarding product range, trading costs and other services, you can benefit from a crypto broker comparison. This gives you a great overview of the most important aspects of each broker. Read on as we show you the criteria we use to evaluate crypto brokers and why you may wish to use them too.

Crypto Broker Highlights

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Max. Lever
Min. deposit
Crypto currencies
BTC spread
1.
of 15 Crypto Broker
Trader informations
  • Binary options trading available
  • CySEC regulated
  • Intuitive Trading Platform
  • Wide range of cryptos supported
Crypto currencies
13
Max. Lever
1:1
Min. deposit
$ 100
BTC spread
6 percent
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
IQ Option Experiences
2.
of 15 Crypto Broker
Trader informations
  • Established in 2010
  • Regulated by CySEC
  • Services for EU traders
  • Has won many awards
Crypto currencies
5
Max. Lever
1:2
Min. deposit
£ 500
BTC spread
N/A
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
24Option Experiences
3.
of 15 Crypto Broker
Trader informations
  • Created first Bitcoin CFD in the world
  • Offered Bitcoin CFDs since 2013
  • Top Forex & CFD Broker
  • Many instruments addition to crypto CFDs
Crypto currencies
10
Max. Lever
1:2
Min. deposit
£ 100
BTC spread
variable
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
Plus500 Experiences
4.
of 15 Crypto Broker
Trader informations
  • Founded in 2010
  • Experienced management team
  • Headquarters in Australia
  • Major offices in London, Dallas & more
Crypto currencies
5
Max. Lever
1:2
Min. deposit
£ 200
BTC spread
N/A
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
Pepperstone Experiences
5.
of 15 Crypto Broker
Trader informations
  • Established in 1983
  • More than 12,000 markets
  • A wide variety of tools and resources
  • Parentcompany GAIN Capital Holdings Inc
Crypto currencies
5
Max. Lever
1:2
Min. deposit
£ 0
BTC spread
40
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
City Index Experiences
6.
of 15 Crypto Broker
Trader informations
  • Global award winner
  • The best cross-platform solutions
  • One of the best crypto brokers
  • Years of experience
Crypto currencies
40
Max. Lever
1:2
Min. deposit
£ 100
BTC spread
0
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
Libertex Experiences
7.
of 15 Crypto Broker
Trader informations
  • Popular online cryptocurrency exchange
  • It also offers other assets for trading
  • The XTB headquarters are in Poland
  • XTB has strengths and weaknesses
Crypto currencies
5
Max. Lever
1:2
Min. deposit
€ 0
BTC spread
1 Percent
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
XTB Experiences
8.
of 15 Crypto Broker
Trader informations
  • Crypto CFDs, CFDs, indices, more
  • 15 offices worldwide
  • Access to over 15,000 markets
  • 185,000 clients worldwide
Crypto currencies
6
Max. Lever
1:2
Min. deposit
£ 250
BTC spread
70 points
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
IG Experiences
9.
of 15 Crypto Broker
Trader informations
  • Markets.com is a popular online exchange
  • Crypto trading as well 6 other asset types
  • Huge selection of trading platforms
  • For day traders and long-term investors
Crypto currencies
5
Max. Lever
1:2
Min. deposit
$ 100
BTC spread
140 Points
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
Markets.com Experiences
10.
of 15 Crypto Broker
Trader informations
  • No commission & tight spreads
  • 24/7 Customer Support
  • It offers all popular cryptocurrencies
  • Download on Android, IOS, Browser
Crypto currencies
5
Max. Lever
1:1
Min. deposit
€ 0
BTC spread
0
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
CC Trader Crypto Experiences
11.
of 15 Crypto Broker
Trader informations
  • DF Markets is a popular online exchange
  • DF Markets offers trading for many assets
  • Commodities, ETFs, and cryptocurrencies
  • Round-the-clock trading
Crypto currencies
8
Max. Lever
1:2
Min. deposit
£ 50
BTC spread
20 Points
Go to IG
Risk warning: Capital can be lost. Terms and conditions apply.
DFMarkets Experiences
12.
of 15 Crypto Broker
Trader informations
  • Trade.com is a popular online exchange
  • Trade.com offers cryptocurrency trading
  • There are several different account types
  • There are multiple trading platforms
Crypto currencies
6
Max. Lever
1:2
Min. deposit
$ 2500
BTC spread
120 Points
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
Trade.com Experiences
13.
of 15 Crypto Broker
Trader informations
  • Trading >100 financial instruments
  • MetaTrader4 is the flagship
  • Part of Henyep Group over 20 countries
  • Well established since 1977
Crypto currencies
5
Max. Lever
1:2
Min. deposit
$ 100
BTC spread
70 Points
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
HYCM Experiences
14.
of 15 Crypto Broker
Trader informations
  • London Ltd branch established 1965
  • Multi-market, including asset derivatives
  • >6,000 instruments & 60 currency pairs
  • Trading proprietary, MT4 platform
Crypto currencies
5
Max. Lever
1:2
Min. deposit
£ 100
BTC spread
114 Points
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
ETX CAPITAL Experiences
15.
of 15 Crypto Broker
Trader informations
  • Mobile app as-good-as the website
  • Great for beginners – eToro pride themselves on making trading more accessible
  • Their Social Trade feature allows you to see what other investors are doing
  • Popular Investor program which allows you to get commission if people make the same trades as you
Crypto currencies
10
Max. Lever
1:2
Min. deposit
$ 200
BTC spread
1,50%
Go to eToro
Risk warning: Capital can be lost. Terms and conditions apply.
eToro Experiences
Show more

The product range as part of the crypto broker test

Bitcoin, Litecoin, Ethereum & more – how well is the crypto broker positioned to offer a range of currencies?

When it comes to the choice of digital currencies, there may be huge differences between individual brokers. For example, some providers offer only a few currencies or limit themselves to Bitcoin, while other platforms in this area have already increased their offerings considerably to provide more variety. Often Litecoin, Dash, Ethereum, Bitcoin Cash, Monero and other virtual currencies are available as well.

Crypto Broker Highlights

Cryptocurrencies have developed rapidly in recent years. Bitcoin hit the market in 2009, attracting significant investor interest. Initially developed as an alternative payment method, digital currencies have evolved into a large investment market within a very short time. There are now more than 1,000 cryptocurrencies available, but most people are aware of only the top 20 or so coins. Forex and CFD brokers have also recognised that digital currencies are becoming an increasingly attractive option. Unlike with crypto exchanges, you do not buy virtual currencies directly from brokers. Usually they are available as currency pairs or are traded as CFDs.

Crypto trading costs – costs and fees in focus

A very important factor in any broker comparison is of course the costs you are likely to incur. A crypto broker comparison will reveal what fees you can expect to pay. As with Forex trading, you will encounter a spread that may be either fixed or variable. With cryptocurrencies, the spread is usually variable. The obvious reason for this is that digital currencies are very volatile and prices can fluctuate considerably. Find out if there are commissions as well – but with crypto brokers this is the exception rather than the norm.

Considering additional costs for a comparison

Trading fees are the most crucial cost to look at, but additional fees might add up and should therefore also be taken into account. Look closely at any costs associated with the trading account. In addition to the minimum deposit, look for possible account maintenance fees, which are rare but may be charged by a few brokers. Fees may also be levied when a trader is no longer actively trading. These inactivity fees are usually found in the terms & conditions, so it is advisable to take a close look. They should be clearly listed on the website.

Account models with a crypto broker

To start trading with a crypto broker, you first need to open a trading account. Often, you have the option of choosing between several account models. With some brokers, the type of account also depends on how high your deposit is or how active you are. However, some brokers also differentiate between an entry-level, advanced and/or VIP account. There may be differences in the conditions and benefits, which you should explore well in advance. For example, the potential leverage may vary, and different trading tools or better customer support may be available with a higher priced account. Ultimately, it is up to you to decide which services you need.
Contentgrafiken Vergleich Krypto Broker

Minimum deposit can vary

If you want to trade actively with a crypto broker, a minimum deposit may be required to open your account. This means you can’t start trading until you have funded your trading account. The required amount can vary greatly and may depend on the account model you select.

Focus on trading platforms and mobile trading options

Trading cryptocurrencies requires an excellent overview of the market and also of one’s own trading activities. The software used for this is at the heart of your trading strategy and should therefore have all the necessary functions. It is the basis for:

  • The compilation of a personal strategy
  • An overview of open trades
  • An overview of closed trades
  • A market overview

A broker comparison is about examining which trading platforms are available and how they are equipped. Most brokers make a distinction between proprietary software and third-party platforms. Our experience shows that there are more and more proprietary platforms, and these are often based on popular software solutions. Nevertheless, many traders like to use proven platforms such as MetaTrader. Over the years, and due to more experience with traders’ requirements, most crypto brokers have learned that mobile trading is essential. Rapid changes in volatile cryptocurrency rates often require a speedy response, wherever you may be. As a result, most brokers offer apps and other mobile commerce solutions.

Ease of use and clarity of the website

The best crypto broker for you will be a provider whose Internet presence is strong, and of course available in a language that you understand. A broker’s website should be well-designed and easy to navigate. Strictly speaking, it can be considered part of their customer service, as it is the first point of contact for a trader. A broker who wants to assert himself as the best crypto provider should make the most important information easily available to customers. Traders should be able to easily find everything that matters to them. Above all, this includes:

  • Trade offer and costs
  • Terms & Conditions and other legal data on regulation etc
  • Contact options

In addition to the trading opportunities and fees for the trade itself, you should be able to easily find out how and when you can reach the broker or customer service staff, which authority is responsible for the provider, if there is deposit insurance and what the terms are for opening an account. You should also ensure that the website is available in your language, and that it is correct and easy to understand.

Customer Support – contacting the service

For a full comparison of several brokers, customer support should also be considered. Contacting support staff tends to only be necessary in an emergency. Often, the platforms include a FAQ section where the broker summarises the most important and commonly asked questions and answers. However, questions or problems that require contact with employees can still occur. Therefore, it is advisable to inform yourself in advance about the support provided and its availability.

Crypto broker comparison

When assessing who is the best crypto broker in the field of customer service, the first consideration is the range of contact options. In general, you have the option to contact customer support by e-mail and/or contact form. However, an increasing number of brokers provide a live chat option or a hotline where support can be accessed – usually at specific times. As with the website, you should find out if the support staff speak your language so that communication is as smooth as possible. The evaluation should also include whether there is a contact person during the most important times and whether questions are answered competently.

Accepted payment methods

Since each trader has a preferred method of payment, brokers usually have several options available. While some investors are concerned with security, other traders are more concerned with the speed of their transactions. Usually you will have the following payment options:

  • Credit card
  • Bank transfer
  • Neteller, Skrill, Paypal

Credit cards have been an important means of payment online for many years. Using this method, money can be in the account within a few minutes and credit card payments are considered comparatively safe. Payment via online payment services, such as Skrill or Neteller, are very flexible options, so these types of deposits are being used more and more frequently. Bank transfers are usually available – however, they are not used my many traders as they often take several days. Your evaluation of the payment methods is therefore completely subjective. What matters is that the option you feel most comfortable with is available.

Ask if there are any fees for deposits or withdrawals, and whether there is a minimum deposit or a withdrawal limit. Also keep in mind that withdrawals often have to be made the same way as deposits.

Start risk-free trading with a demo account

If this is your first crypto broker experience, a CFD demo account may be useful to get you started with trading. As cryptocurrencies are mostly traded through brokers specialising in CFDs, you should check that cryptocurrencies are available in the test account as well.

When comparing the various offers, it is important to ascertain how long the account is available and how much virtual credit you can use. Some brokers provide an unlimited-time demo account and sometimes the credit is rechargeable. While the main focus should not be on the demo account, it does have some real advantages and allows you, for example, to test new strategies without risking your own money.

Additional offers for crypto trading

Becoming the best crypto broker requires more than just a good range of tradable products. Some providers, for example, offer numerous opportunities for further education, which may appeal to both beginners and more experienced traders. More and more brokers offer not only seminars or webinars, but also economic calendars, market prospects, blog posts and tips on trading strategies.
Contentgrafiken Vergleich Krypto Boersen

A broker‘s regulation and deposit insurance

Anyone transferring their money to a brokerage account for trading will want to make sure that they have picked a reputable provider. It is hard to be absolutely positive that you’re dealing with a reputable crypto broker, but there are several things to look out for when comparing brokers.

At the top of the list is the issue of regulation. It is not always possible to spot crypto broker fraud at first glance, but a valid licence and the knowledge that regular checks are carried out enhances trust. European authorities have a particularly good reputation. So-called ‘offshore’ providers should be treated with caution, since their guidelines do not always meet the strictest standards – whereas brokers operating within the EU do. Often, brokers operating in several countries are registered with various licensing and regulatory bodies in those locations.

During a provider comparison it is also advisable to check on deposit insurance and general security. The best crypto brokers will keep your funds separate from company assets and protect your deposits up to a certain amount. If you look at their details, you will find that some providers are also members of a voluntary fund to help them compensate clients in the event of financial difficulties, in addition to providing the statutory deposit insurance.

Opinions of the trade press and awards of the broker

When conducting a comparison to find a suitable broker for trading cryptocurrencies via CFDs, you might want to consult various financial media. Pay attention to reviews in the trade press. The trade press has mixed feelings about crypto brokers, so positive reviews are an indication they think highly of a particular broker. Press reviews will cover trading offers and may include the experiences traders have already had with the broker in question, so they can be very helpful. Take a look at the latest news, but older articles can also help to form an impression of the broker. In some cases, links to current articles and reviews will be provided on the crypto broker’s website.

Awards such as ‘Best Crypto Broker’ should be viewed critically. Find out if the title refers to a specific service, such as the trading platform or customer support. Experts regularly give awards and they can certainly be relevant to your assessment. Forums or blog posts by other traders should be approached with caution, because opinions may be subjective.

Cryptocurrencies put to the test: market overview and market outlook

Digital currencies are interesting financial instruments and the market has developed strongly in recent years. The original idea behind cryptocurrencies was to create an alternative that could serve as a means of payment instead of fiat currency. The value of many digital currencies, however, has gone up sharply. Bitcoin in particular, has risen significantly in value, and investors who were active from the beginning have made very high profits. Remember that digital currencies are very volatile. Prices can change by a wide margin within a very short time. This may benefit certain investors, but it also means that trading comes with a high risk that should not be underestimated. As the market for cryptocurrencies is always changing, it is hard to predict price movement in this regard.
Contentgrafiken Vergleich Krypto Broker

Further development of digital currencies

The market has developed quickly and there are new changes every day. However, as this is an unregulated market, it continues to come under increased scrutiny in the financial world. Recent years have also been noted for their problems and uncertainties, meaning that a look at expert opinions can be very informative. Although it’s unlikely that the crypto currency market will close anytime in the near future, investors should keep an eye on its trends and keep up to date with the latest developments.

Using comparisons and crypto broker reviews

If you are looking for a suitable provider for trading digital currencies, try the AskTraders crypto broker test to learn more about our offers. Our broker reviews focus on the aforementioned criteria – all of which you should take into account in your assessment. Familiarise yourself with the important factors – such as the possibilities for deposits and withdrawals, customer service and, of course, the trade offer and regulation.
A particularly important factor to consider is the trading platform. Navigate to our award area to discover which brokers have been rated positively by other users. To find the best crypto broker for you, try trading with a free demo account. You are welcome to share your personal experiences in the community and give reviews of the respective brokers on the platform.

Top 3 Crypto Broker Comparison

1
of 15 Crypto Broker IQ Option
Crypto currencies 13
Max. Lever 1:1
Min. deposit $ 100
BTC spread 6 percent
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
2
of 15 Crypto Broker 24Option
Crypto currencies 5
Max. Lever 1:2
Min. deposit £ 500
BTC spread N/A
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
3
of 15 Crypto Broker Plus500
Crypto currencies 10
Max. Lever 1:2
Min. deposit £ 100
BTC spread variable
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.

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