The 10 Best Cryptocurrency Trading Brokers and Platforms revealed.
We have listed, rated, and reviewed the Best Cryptocurrency Trading Brokers and Platforms. We showcase which notable Forex Brokers allow cryptocurrency trading.
This is a complete listing of The 10 Best Cryptocurrency Trading Brokers and Platforms.
In this in-depth write-up you will learn:
- A List of Crypto Forex Brokers
- Top-Listed Bitcoin Brokers in South Africa
- Best Crypto Trading Platform for Professionals
- The Best Crypto Broker for Day Trading
- The Best Crypto Broker for Beginners
- MT4 and MT5 Crypto Brokers
- The Best Crypto Broker in the World
and much, much more!
10 Best Cryptocurrency Trading Brokers and Platforms in 2023 – Comparison
| 🔎 Broker | 🪙 Allows Crypto Trading | 💰 Minimum Deposit | 💯 Trust Score (5) | 🚀 Open an Account |
| 🥇 eToro | ✅ Yes | $50 USD | 4.8 | 👉 Click Here |
| 🥈 Swissquote | ☑️ Yes | $1000 USD | 4.1 | 👉 Click Here |
| 🥉 EightCap | ✅ Yes | $100 USD | 4.8 | 👉 Click Here |
| 🏅 XTB | ☑️ Yes | $0 USD | 4.6 | 👉 Click Here |
| 📌 XM | ✅ Yes | $5 USD | 4.8 | 👉 Click Here |
| 📍 OctaFX | ☑️ Yes | $25 USD | 4.6 | 👉 Click Here |
| 🏅 IC Markets | ✅ Yes | $200 USD | 4.7 | 👉 Click Here |
| 📌 HF Markets | ☑️ Yes | $5 USD | 4.8 | 👉 Click Here |
| 📍 FBS | ✅ Yes | $1 USD | 4.7 | 👉 Click Here |
| 🏅 EasyMarkets | ☑️ Yes | $25 USD | 4.9 | 👉 Click Here |
Cryptocurrency Trading – A Definition
Cryptocurrency trading involves buying and selling cryptocurrencies for profit. Cryptocurrency trading is a 24-hour market.
10 Best Cryptocurrency Trading Brokers and Platforms (2023)
- eToro – Overall, Leading Crypto Exchange for Day Trading
- Swissquote – Great selection of Crypto CFDs
- EightCap – Most Cryptocurrency Pairs on Offer
- XTB – Good Selection of Crypto CFDs
- XM – High User Trust Score
- OctaFX – Best Online Trading Experience
- IC Markets – Best MetaTrader 5 Crypto Broker
- HF Markets – Leading Crypto Broker in South Africa
- FBS – Trusted Global Brand
- EasyMarkets – Best Crypto Broker for Professional Traders
eToro
eToro provides investors with a comprehensive crypto trading experience on a user-friendly trading platform. eToro provides access to leading cryptocurrencies such as Bitcoin, Ethereum, Cardano, and more.
eToro Cryptocurrency Overview
eToro users can build their crypto portfolio and invest in a wide variety of leading cryptocurrencies. Traders will be able to –
- Follow each coin’s trends
- Use advanced charts and analysis tools
- Create a custom watchlist
and much more.
eToro Crypto Payment Methods
eToro allows users to buy cryptocurrency via a wide variety of payment options including –
- VISA
- MasterCard
- PayPal
- Skrill
and many more.
eToro Pros and Cons
| ✔️ Pros | ❌ Cons |
| Well-regulated by top market regulators | US clients not accepted |
| Client funds kept in segregated accounts | MetaTrader not provided |
| Commission-free trading | Scalping and hedging are not allowed |
| Traders can buy fractional shares | Inactivity fee charged after a year |
Swissquote
Swissquote allows traders to discover 35 cryptocurrencies on their platform. Cryptocurrencies available include Bitcoin, LiteCoin, Ripple, and many more.
Swissquote Cryptocurrency Overview
Trading Cryptocurrency with Swissquote allows traders to:
- Access liquidity from various sources
- Take advantage of even more competitive bid/offer prices
- Trade within a secure environment from a Swiss bank
Swissquote Crypto Payment Methods
Swissquote allows users to buy cryptocurrency via a wide variety of payment options including –
- MasterCard
- Visa
- Bank Wire Transfer
Swissquote Pros and Cons
| ✔️ Pros | ❌ Cons |
| Access to many markets and products | High trading fees |
| No inactivity fee | Confusing trading platform selection |
| Rock-solid background | Some research tools are not free |
EightCap
EightCap allows traders to choose from over 100 Crypto Derivates with multi-jurisdictional regulation and expert support. Notable cryptocurrencies on offer include Bitcoin, Litecoin, Ripple, Ethereum, Cardano, Dogecoin, and, Tron.
EightCap Cryptocurrency Overview
EightCap users can trade Cryptocurrency derivatives on TradingView and MT5 across web traders, desktop, and mobile, all on our powerful and secure technology infrastructure. Key Features of TradingView include:
- Direct Trading from TradingView charts into an Eightcap account.
- Access to a community of over 30 million users.
- Access a world-class charting package.
- Frequent trading strategy ideas.
and many more!
EightCap Crypto Payment Methods
EightCap allows users to buy cryptocurrency via a wide variety of payment options including –
- MasterCard
- Visa
- Bank Wire Transfer
- Poli
- Skrill
- Neteller
and many more!
EightCap Pros and Cons
| ✔️ Pros | ❌ Cons |
| Low Forex Fees | Slim Product Selection |
| Quick Account Application | Limited Research |
| Free Deposit and Withdrawal | Lack of Investor Protections |
XTB
XTB offers access to 10+ Crypto CFDs, including Bitcoin, Ethereum, Stellar, Dogecoin, and more.
XTB Cryptocurrency Overview
XTB offers access to 10+ Crypto CFDs from mobile apps with Low trading costs and spreads starting from 0.22%. The award-winning xStation 5 offers an easy-to-use platform With total trade transparency, real-time market commentary, and live performance statistics.
XTB Crypto Payment Methods
XTB allows users to buy cryptocurrency via a wide variety of payment options including –
- Bank Transfers
- Credit and Debit Cards
- PayPal
- Skrill
and many more.
XTB Pros and Cons
| ✔️ Pros | ❌ Cons |
| Used by 230,000+ traders | Doesn’t offer VPS |
| Established in 2002 | Limited range of instruments |
| Regulated by Financial Conduct Authority | Not ASIC Regulated |
XM
XM offers access to 8 Asset Classes, 10 Trading Platforms, and Over 1000 Instruments. XM users can trade Forex, Cryptocurrencies, Individual Stocks, Commodities, Precious Metals, Energies, and Equity Indices.
XM Cryptocurrency Overview
Trading Cryptocurrencies with XM comes with a number of benefits including:
- 24-Hour Access, 7 Days a Week
- Zero Swap Fees
- Leverage of up to 1:250
- Tight Spreads
- No Requotes
XM Crypto Payment Methods
XM offers a wide range of payment options for deposits/withdrawals: multiple credit cards, multiple electronic payment methods, bank wire transfers, local bank transfers, and more.
XM Pros and Cons
| ✔️ Pros | ❌ Cons |
| Fast digital account opening | Account types vary according to jurisdiction |
OctaFX
OctaFX makes Cryptocurrency pairs available on the MetaTrader 4 and MetaTrader 5 platforms seven days a week. OctaFX offers 30 digital assets for trading, including Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, and more.
OctaFX Cryptocurrency Overview
OctaFX offers 30 digital assets for trading with 1:25 leverage and low entrance costs. Additionally, OctaFX offers How to Guides on how to trade Cryptocurrency.
OctaFX Crypto Payment Methods
OctaFX offers a wide range of payment options for deposits/withdrawals: multiple credit cards, multiple electronic payment methods, bank wire transfers, local bank transfers, and more.
OctaFX Pros and Cons
| ✔️ Pros | ❌ Cons |
| Regulated by SVGFSA | Limited assets |
| Unlimited demo account | Low Crypto coverage |
| Advanced technology | No VPS |
| Forex and CFDs offered | No education tools on Forex |
| More than 80 pairs to trade | No clients from USA, Canada, Belgium, or others outside EU |
IC Markets
IC Markets allows users to trade Crypto 7 days a week on MT4 and MT5. The leverage available on Crypto pairs BTCUSD, ETHUSD, LTCUSD, and BCHUSD is now 1:200 for clients registered with Raw Trading (not UK clients).
IC Markets Cryptocurrency Overview
The IC Markets Cryptocurrency CFD product allows traders to go long or short without actually holding the Cryptocurrency. Crypto on offer from IC Markets includes:
- Bitcoin
- Ethereum
- Litecoinn
and much more.
IC Markets Crypto Payment Methods
IC Markets offers a wide range of payment options for deposits/withdrawals: multiple credit cards, multiple electronic payment methods, bank wire transfers, local bank transfers, and more.
IC Markets Pros and Cons
| ✅ Pros | ❎ Cons |
| Low Forex Fees | Limited Product Selection |
| Easy Account Opening | Slow Chat Response |
HF Markets
HF Markets allow users to trade derivatives on popular cryptocurrencies including Bitcoin, Ethereum, Ripple, and Litecoin with negative balance protection.
HF Markets Cryptocurrency Overview
Benefits of trading Derivatives on Cryptocurrencies with HF Markets include trading long or short, 24/7 market hours, high Volatility, Liquidity, and Portfolio diversification.
HF Markets Crypto Payment Methods
HF Markets offers a wide range of payment options for deposits/withdrawals: multiple credit cards, multiple electronic payment methods, bank wire transfers, local bank transfers, and alternative options such as Skrill.
HF Markets Pros and Cons
| ✔️ Pros | ❌ Cons |
| Well-regulated | US clients not accepted |
FBS
The FBS Crypto Account supports more than 100 instruments: coins, coin-fiat, coin-coin, and coin-metals. FBS offers access to excellent terms for trading digital assets including low spreads, fixed leverage 1:5, and easy deposits and withdrawals in fiat and crypto.
FBS Cryptocurrency Overview
Unlike traditional markets, crypto trading is available 24/7. Trading Conditions on the FBS Crypto Account include a low $1 USD minimum deposit, Leverage from 1:5, and fast market execution
FBS Crypto Payment Methods
FBS offers a wide range of payment methods, including electronic payment systems, credit and debit cards, bank wire transfers, and exchanges.
FBS Pros and Cons
| ✅ Pros | ❌ Cons |
| Low stock and stock index CFD fees | Slim product portfolio |
| No inactivity fee | Limited account base currencies |
| Fast account opening | Limited Investor Protection |
easyMarkets
easyMarkets offers cryptocurrency trading with no slippage, tight fixed spreads, guaranteed stop loss and negative balance protection.
easyMarkets Cryptocurrency Overview
easyMarkets makes a wide selection of cryptocurrencies available to choose from, including:
and many more.
easyMarkets Crypto Payment Methods
easyMarkets offers a wide range of payment methods, including Credit/Debit Cards, Online Banking, eWallet, and Bank Wire Transfer.
easyMarkets Pros and Cons
| ✔️ Pros | ❌ Cons |
| Segregates client funds | Doesn’t offer VPS |
| Established in 2003 | Limited range of instruments |
| Regulated by CySEC and ASIC | Not FCA Regulated |
Conclusion
👉 Now it is your turn to participate:
➡️ Which Crypto Trading Platform and Broker from this list do you intend to test out?
➡️ What was the determining factor in your decision to engage with a certain broker?
➡️ Was it because of the Crypto Trading option on offer or the Pros and Cons?
👉 Regardless, please share your thoughts in the comments below.
You might also like: eToro Review
You might also like: Swissquote Review
You might also like: EightCap Review
You might also like: XTB Review
You might also like: XM Review
Frequently Asked Questions
How do I choose a reliable cryptocurrency trading platform or broker?
Look for cryptocurrency platforms and brokers that have a good reputation, high security standards, low fees, and a wide range of supported cryptocurrencies. Do your own research and read reviews before making a decision.
Can I trust the security of cryptocurrency trading platforms and brokers?
It depends on the platform or broker. Look for platforms or brokers that have implemented robust security measures such as two-factor authentication, cold storage for funds, and regular security audits.
How do I start trading on a cryptocurrency trading platform or through a broker?
First, you will need to sign up for an account, verify your identity, and deposit funds. Once your account is set up, you can start buying and selling cryptocurrencies on the platform or through the broker.
What are the risks associated with cryptocurrency trading platforms and brokers?
The risks include the volatility of the cryptocurrency market, potential hacking or theft of funds, and the possibility of fraud or scams. It is important to do your own research and invest only what you can afford to lose.
What payment methods are accepted by cryptocurrency trading platforms and brokers?
Payment methods can vary between platforms and brokers, but common options include bank transfers, credit/debit cards, and cryptocurrencies. Some platforms may also accept alternative payment methods such as PayPal or Skrill. Make sure to check the accepted payment methods before signing up.
Featured SA Shares Writer and Forex Analyst.
Discussion about this post