The best Forex brokers for crypto trading, according to our research, are:
- eToro
- NAGA
- Pepperstone
- AvaTrade
- Plus500
- XTB
- Axi
- AAAFX
- Swissquote
- Interactive Brokers
These brokers allow users to trade cryptocurrency pairs as CFD or even real asset.
In deciding which brokers to include, we took the following factors into consideration:
- The number of cryptocurrencies available
- The ability to use leverage on cryptocurrencies
- The fees charged on the cryptos offered
- The platforms offered on cryptocurrencies
Round-up
| Crypto forex brokers | Number of cryptocurrencies | Cryptocurrencies as CFDs | Leveraged Cryptocurrencies |
|---|---|---|---|
| eToro | 40+ | No | No |
| NAGA | 30+ | Yes | Yes |
| Pepperstone | 13+ | Yes | Yes |
| AvaTrade | 9+ | Yes | Yes |
| Plus500 | 6+ | Yes | Yes |
| XTB | 10+ | Yes | Yes |
| Axi | 11+ | Yes | Yes |
| AAAFX | 5+ | Yes | Yes |
| Interactive Brokers | 4+ | Yes | Yes |
| Swissquote | 5+ | Yes | Yes |
Warning
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
What are the best forex brokers for cryptocurrency trading?
Below is our curated list and review of the best forex brokers offering also CFD trading on the major crypto pairs, with details of features and characteristics.
eToro
eToro offers trading of over 40 cryptocurrencies. Traders can copy other cryptocurrency traders. eToro manages crypto portfolios.
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About eToro
eToro is a global multi-asset investment platform founded in 2007, offering trading on stocks, ETFs, Crypto CFDs, commodities, and forex. eToro provides a proprietary web and mobile platform with social trading features. eToro is regulated by multiple authorities including FCA, ASIC, and CySEC. eToro is known for its user-friendly interface, copy trading functionality, and commission-free stock trading. eToro serves over 30 million users worldwide. The eToro CEO and co-founder is Yoni Assia.
eToro Features
The features of eToro are listed below.
- eToro is a broker known not only for forex but also for its excellent offerings in crypto.
- Over 40 cryptocurrencies can be traded on eToro with a minimum of $10 per trade.
- On eToro you will also be able to copy other cryptocurrency traders, and copy crypto portfolios managed by eToro.
eToro Pros and Cons
Advantages of eToro
The advantages of eToro are listed below.
- Great copy trading and social trading features
- Wide range of asset classes
- It allows to buy fractional stocks from $10
Disadvantages of eToro
The disadvantages of eToro are listed below.
- The eToro spreads can be high
- Offers only USD accounts
- Transferring cryptocurrencies to other platforms can be hard
NAGA
NAGA facilitates cryptocurrency purchases through NAGA Pay. NAGA allows buying Bitcoin and Ethereum. NAGA links trading accounts with Visa cards.
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About NAGA
NAGA is a German fintech company founded in 2015, offering social trading and investing services across forex, stocks, cryptocurrencies, commodities, and indices. NAGA provides a proprietary trading platform alongside MT4 and MT5. NAGA is regulated by CySEC and listed on the Frankfurt Stock Exchange. NAGA is known for its social trading features and copy trading functionality. The NAGA CEO is Michael Milonas since 2024.
NAGA Features
The features of NAGA are listed below.
- NAGA offers the ability to buy cryptocurrencies through NAGA Pay, its Visa debit card.
- With NAGA Pay, it is possible to buy Bitcoin, Ethereum.
- With NAGA Pay, the card will be linked to your trading account, through which you can trade other assets.
- Through NAGA you can copy other traders’ positions.
NAGA Pros and Cons
Advantages of NAGA
The advantages of NAGA are listed below.
- User-Friendly Platform
- Social and Copy Trading Features
- Diverse Asset Selection
Disadvantages of NAGA
The disadvantages of NAGA are listed below.
- High Spreads
- Limited Account Types
- No US Clients
Pepperstone
Pepperstone provides trading of 13 cryptocurrencies and crypto indices. Pepperstone offers CFDs and low spreads on cryptocurrencies.
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About Pepperstone
Pepperstone is a global forex and CFD broker founded in 2010 in Melbourne, Australia. Pepperstone offers trading on currencies, commodities, indices, stocks, and cryptocurrencies through MetaTrader and cTrader platforms. Pepperstone is regulated by multiple authorities including ASIC, FCA, and CySEC. Pepperstone is known for competitive spreads, fast execution, and extensive educational resources. Pepperstone serves clients in over 160 countries worldwide. The Pepperstone CEO is Tamas Szabo.
Pepperstone Features
The features of Pepperstone are listed below.
- A total of 13 cryptocurrencies can be traded with Pepperstone.
- In addition to cryptocurrencies on Pepperstone, you can trade 3 crypto indices that follow the market of the 10, 20, and 30 most influential cryptos respectively.
- Pepperstone offers ultra-low spreads not only on forex but also on cryptocurrencies.
- Cryptos on Pepperstone are only offered as CFDs.
- With Pepperstone you can trade cryptocurrencies manually or algorithmically through MT4, MT5, and cTrader.
- The minimum deposit to open an account on Pepperstone is $200.
Pepperstone Pros and Cons
Advantages of Pepperstone
The advantages of Pepperstone are listed below.
- Stable raw spreads (0,09 pips on EUR/USD on average)
- Caters for algorithmic trading
- Has won over 30 Forex industry awards
Disadvantages of Pepperstone
The disadvantages of Pepperstone are listed below.
- The demo account is not unlimited
AvaTrade
AvaTrade supports trading of 9 cryptocurrencies as leveraged CFDs. AvaTrade offers trading on MT4 and MT5 with robots.
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About AvaTrade
AvaTrade is a global forex and CFD broker founded in 2006 and headquartered in Dublin, Ireland. AvaTrade offers trading on currencies, commodities, indices, stocks, bonds, ETFs, and cryptocurrencies. AvaTrade provides proprietary platforms alongside MetaTrader 4 and 5. AvaTrade is regulated by multiple authorities including CySEC, ASIC, and FSA. AvaTrade serves over 300,000 clients worldwide. AvaTrade is known for competitive spreads and extensive educational resources. The AvaTrade CEO is David Dryzin since 2016.
AvaTrade Features
The features of AvaTrade are listed below.
- On AvaTrade you can trade 9 cryptocurrencies at competitive prices.
- Cryptocurrencies on AvaTrade are traded only as leveraged CFDs.
- AvaTrade allows you to trade cryptocurrencies on MT4 and MT5.
- Through AvaTrade’s MetaTrader platforms you can install robots for automated trading.
AvaTrade Pros and Cons
Advantages of AvaTrade
The advantages of AvaTrade are listed below.
- Tight fixed spreads from 0.6 pips (0.9 pips for retail traders)
- The mobile apps are well designed
- Can be connected to ZuluTrade and Duplitrade
Disadvantages of AvaTrade
The disadvantages of AvaTrade are listed below.
- High inactivity fees
- The demo account is limited to 30 days
Plus500
Plus500 offers leverage-based cryptocurrency trading. Plus500 allows trading of 6 different cryptocurrencies. Plus500 is a well-known CFD broker.
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About Plus500
Plus500 is a global fintech company founded in 2008, offering online Futures trading services in different markets such as Agriculture, Cryptocurrencies, Metals, Commodities, Forex, Interest Rates, Energy and Equity Indices. Plus500 provides proprietary web and mobile trading platforms. Plus500 is regulated by multiple top-tier authorities including FCA, ASIC, and CySEC. Plus500 is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. The Plus500 CEO is David Zruia since April 2020.
Plus500 Features
The features of Plus500 are listed below.
- Plus500 is a well-known CFD broker that also offers cryptocurrency trading.
- Cryptocurrencies on Plus500 can only be traded with leverage, and this will be set by default to the maximum limit allowed by local regulation.
- Plus500 offers 6 different cryptocurrencies to be traded.
- Plus500’s minimum deposit to trade cryptocurrencies is $100.
Plus500 Pros and Cons
Advantages of Plus500
The advantages of Plus500 are listed below.
- Well-regulated CFD provider
- Over 2000 tradable CFDs
- Unlimited demo account offered
Disadvantages of Plus500
The disadvantages of Plus500 are listed below.
- Limited Regulatory Protections for Professionals
- Inactivity fees
- Limited deposit methods
XTB
XTB allows trading of over 10 cryptocurrencies as leveraged assets. XTB provides xStation5 platform for market analysis.
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About XTB
XTB is a global forex and CFD broker founded in 2002 and headquartered in Poland. XTB offers trading on over 2,000 instruments including currencies, stocks, indices, commodities, and cryptocurrencies. XTB provides the proprietary xStation platform and is regulated by multiple authorities including FCA, CySEC, and KNF. XTB is listed on the Warsaw Stock Exchange and serves over 897,500 clients worldwide. The XTB CEO is Omar Arnaout since March 2017.
XTB Features
The features of XTB are listed below.
- XTB allows over 10 cryptocurrencies to be traded on its trading platform.
- Cryptocurrencies on XTB are offered as leveraged assets.
- XTB’s fees on cryptos are very competitive starting at 0.22% per transaction.
- On XTB’s xStation5 platform, several built-in tools will be available to analyze the markets.
- XTB requires no minimum deposit to open an account and trade cryptocurrencies.
XTB Pros and Cons
Advantages of XTB
The advantages of XTB are listed below.
- No minimum deposit
- Wide selection of assets
- Competitive trading costs
Disadvantages of XTB
The disadvantages of XTB are listed below.
- Small withdrawal fee
- No social or copy trading
- XTB demo account is limited to 30 days
Axi
Axi enables professionals to trade 11 cryptocurrencies. Axi offers CFDs with low fees. Axi provides access to MT4 platform.
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About Axi
Axi, formerly known as AxiTrader, is a global forex and CFD broker founded in 2007 and headquartered in Sydney, Australia. Axi offers trading on currencies, commodities, indices, cryptocurrencies, and stocks through MetaTrader 4 and proprietary platforms. Axi is regulated by multiple authorities including ASIC, FCA, and DFSA. Axi is known for competitive spreads, fast execution, and extensive educational resources. Axi serves clients in over 100 countries worldwide. The Axi CEO is Rajesh Yohannan.
Axi Features
The features of Axi are listed below.
- On Axi, cryptocurrencies are tradable only by professional clients.
- To trade cryptocurrencies, Axi offers the MT4 platform and the ability to link the account to Autochartist.
- At Axi, 11 cryptocurrencies are tradable at low fees.
- All cryptos on Axi are offered as CFDs, and can be traded with leverage.
Axi Pros and Cons
Advantages of Axi
The advantages of Axi are listed below.
- Low Forex Fees
- No Deposit/Withdrawal Fees
- Regulatory Assurance
Disadvantages of Axi
The disadvantages of Axi are listed below.
- Limited Platform Options
- Lack of Advanced Educational Resources
AAAFX
AAAFX offers Bitcoin and other cryptocurrencies. AAAFX integrates with ZuluTrade for copying crypto positions. AAAFX allows competitive trading on MT4.
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About AAAFX
AAAFx is a global forex and CFD broker established in 2007, offering trading on currencies, commodities, indices, stocks, and cryptocurrencies. AAAFx provides MetaTrader 4, MetaTrader 5, and ActTrader platforms. AAAFx is regulated by the Hellenic Capital Market Commission (HCMC) in Greece and the Financial Sector Conduct Authority (FSCA) in South Africa. AAAFx is known for zero-commission trading, institutional-grade liquidity, and fast execution speeds. AAAFx serves clients in 176 countries.
AAAFX Features
The features of AAAFX are listed below.
- With AAAFx, you can trade Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and Ripple.
- AAAFx offers excellent integration with the ZuluTrade copy trading platform, which allows you to copy crypto positions of other traders.
- AAAFx allows for competitively priced cryptocurrency trading on MT4.
- The minimum deposit to open an account at AAAFx is $300.
AAAFX Pros and Cons
Advantages of AAAFX
The advantages of AAAFX are listed below.
- Zero Commission Trading
- Fast Execution Speeds
- Wide Range of Payment Methods
Disadvantages of AAAFX
The disadvantages of AAAFX are listed below.
- Limited Asset Variety
- Lack of Educational Resources
Swissquote
Swissquote provides 5 crypto-assets. Swissquote offers a robo-advisor for trade suggestions. Swissquote does not require a deposit.
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About Swissquote
Swissquote is a Swiss online banking and trading company founded in 1996. Swissquote offers trading on forex, stocks, CFDs, cryptocurrencies, and other financial instruments. Swissquote provides various trading platforms including MetaTrader and a proprietary platform. Swissquote is regulated by multiple authorities including FINMA and FCA. Swissquote serves over 500,000 clients worldwide and is listed on the SIX Swiss Exchange. The Swissquote CEO is Marc Bürki.
Swissquote Features
The features of Swissquote are listed below.
- Swissquote provides for a total of 5 crypto-assets across three account types.
- Swissquote does not require a minimum deposit to open an account.
- When trading cryptocurrencies or other assets, the broker has a robo-advisor service that can automatically suggest trades based on your preferences.
Swissquote Pros and Cons
Advantages of Swissquote
The advantages of Swissquote are listed below.
- Regulated and Trusted
- Comprehensive Product Range
- Advanced Trading Platforms
Disadvantages of Swissquote
The disadvantages of Swissquote are listed below.
- High trading Fees
- Complex Pricing Structure
- Steep Minimum Deposit Requirement
Interactive Brokers
Interactive Brokers allows trading of BTC, BCH, ETH, and LTC. Interactive Brokers offers low crypto commissions and cryptocurrency futures.
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About Interactive Brokers
Interactive Brokers is a global electronic broker founded in 1978, offering trading in stocks, options, futures, forex, bonds, ETFs, and cryptocurrencies across 150 markets in 33 countries. Interactive Brokers provides advanced trading platforms, low commissions, and access to a wide range of financial instruments. Interactive Brokers is known for its sophisticated technology and serves both retail and institutional clients. Interactive Brokers is regulated by multiple top-tier authorities worldwide. The CEO of the Interactive Brokers Group is Milan Galik.
Interactive Brokers Features
The features of Interactive Brokers are listed below.
- Interactive brokers allows BTC, BCH, ETH, and LTC trading on its proprietary IBKR platform.
- Commissions to trade crypto on IB range from 0.12% to 0.18%, making it one of the brokers with the lowest crypto commissions.
- IB also offers the ability to trade cryptocurrency futures.
- No minimum deposit is required to trade crypto on IB.
Interactive Brokers Pros and Cons
Advantages of Interactive Brokers
The advantages of Interactive Brokers are listed below.
- Low Trading Fees
- Advanced Trading Tools
- Wide Market Access
Disadvantages of Interactive Brokers
The disadvantages of Interactive Brokers are listed below.
- Not user-friendly
- No MetaTrader Support
- Additional Fees
What is a crypto-trading Forex broker?
A forex broker for crypto trading refers to a brokerage firm which is mainly used by retail traders for Forex (Foreign Exchange) trading, but which also allows trading on some major cryptocurrencies, usually via CFDs but in some cases also by buying or selling real cryptocurrencies.
These types of brokers are also called crypto forex brokers or cryptocurrency forex brokers, and are different from classic crypto exchanges, such as Coinbase or Binance.
Some even call them bitcoin forex brokers in reference to the most famous of all cryptocurrencies.
Crypto exchanges are platforms created specifically for the exchange and trading of real cryptocurrencies in the cryptocurrency market. Crypto forex brokers, on the other hand, are brokerage firms that were born for retail forex trading in the forex market, and that with the arrival of cryptocurrencies have expanded their services to primarily offer CFD trading on cryptocurrencies as well.
How to choose a forex broker offering cryptocurrencies
Selecting the right forex broker for cryptocurrency trading can be a challenging endeavor. Here are three critical aspects to consider:
- Always choose a regulated broker as regulated platforms ensure a specific standard of security and professionalism. The foremost regulatory authorities include the FCA (Financial Conduct Authority) in the UK, CySEC (Cyprus Securities and Exchange Commission) in the EU, and ASIC (Australian Securities and Investments Commission) in Australia. These institutions establish guidelines to safeguard traders’ interests.
- While many forex brokers have started integrating cryptocurrencies into their platform, not all of them offer a diverse range. An average broker might provide about ten cryptoassets. However, some platforms, like eToro, break the mold by offering over 70 different cryptocurrencies. Depending on your trading interests, it might be essential to choose a broker with a broad range of assets.
- When trading cryptocurrencies on forex platforms, you’re often dealing with CFDs (Contract for Differences). Spreads on these assets can be relatively high when compared to traditional forex pairs. It’s typical for fees to hover around 1% of the order volume. Being conscious of these charges will ensure that you can maximize your returns.
Are There Limitations When Trading Cryptocurrencies at Forex Brokers?
When trading cryptocurrencies at forex brokers there are three main limitations:
- Cryptocurrencies are mostly offered as CFDs
- Leverage on cryptocurrencies is lower than in other markets
- In certain countries CFD cryptocurrencies cannot be traded with leverage.
On the first factor, it’s not always like that. In fact, online platforms like eToro are exceptions where you can trade both CFD and real cryptocurrencies.
These brokers also offer leverage on cryptoassets. For cryptocurrencies, the available leverage is generally lower than other assets. For instance, in many European countries, the leverage for cryptocurrencies is capped at 1:2. In contrast, forex pairs might offer up to 1:30 leverage.
Additionally, certain jurisdictions have specific rules regarding cryptocurrency trading. The UK, for instance, under the guidelines of the FCA, prohibits the use of leverage when trading crypto CFDs. This means traders can still engage in CFD trading, but without the added benefit (and risk) of leverage.
What is a crypto asset?
When you are considering crypto trading, you should be aware that there are actually several types of what are termed “Crypto assets”. These can fall into three main categories as follows.
- Cryptocurrencies: This means directly buying and trading a particular crypto at the prices offered, similar to as you would through a crypto exchange.
- Cross-Crypto: These assets are where you trade one asset in a pair with another, for example BTC/ETH. This is just as you would trade with forex currency pairs. These can also be known as Crypto/Crypto Pairs.
- Crypto-Fiat: This is trading crypto in pairs with regular forex currency. This usually means Crypto on USD, but depending on the broker, more fiat currencies (such as GBP, EUR, and more) may be available.
- Cryptos-Commodities. Trading crypto in pairs with a commodity (like BTC/XAU)
Trading Cryptocurrencies CFDs
Trading cryptocurrency CFDs is just like trading CFDs on other asset types. With CFDs trading, you will not own the underlying asset, in this case, the cryptocurrency. This is typically one of the two options offered by most forex brokers dealing in crypto. You will likely have the chance to trade them as “real” too. This would mean you own the asset. If you are trading with leverage though, you typically have to trade cryptocurrency as a CFD.
How to deposit Cryptos
The first point to note here is that depositing in cryptocurrency to trade cryptocurrencies with a forex broker is not mandatory. You can also trade crypto from your standard account balance in fiat currency like USD, EUR, GBP, or others.
Some brokers do offer crypto deposits though. In that case, these will typically be quite cheap with few fees charged due to the decentralized nature of cryptocurrency and the ability to minimize fees. It will take a little longer though. Bitcoin and others can sometimes take up to 6 hours and this can vary, not really depending on the broker, but the blockchain.
The one thing you have to be very precise about when depositing crypto with your forex broker is to use the correct wallet address. This can be obtained as part of the account opening process, and if you need to verify policy or information, you should definitely double-check with the broker customer support first, as any crypto sent to the wrong wallet address can be very difficult to retrieve.