Top 10 Forex Brokers Offering Cryptocurrencies 2020

Filippo Last Updated: January 2019 11 min read
Top Rated:

Finding a legitimate forex broker offering cryptocurrency can be like navigating a minefield.

There are many inexperienced forex brokers that trade crypto as well as plenty of scammers who just want to take your money. On top of that, when you finally find a legitimate broker, you may end up disappointed with their service, professionalism or just their lack of trading options.

But it doesn’t have to be that way.

There are a number of reputable forex brokers out there that are the real thing and know how to handle cryptocurrency.

(This post is part of the best forex platform series)

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Top 10 Best Cryptocurrency Brokers 2020 (Forex Brokers offering Crypto)

Here are our top 10 best forex brokers for cryptocurrency trades.

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75% of retail investor accounts lose money

1 eToro

eToro is a social trading platform that has been around since 2006 and has offices in London, Limassol and Tel Aviv. In recent years they have gained a lot of attention by being able to provide a top-quality service as a broker for forex and cryptocurrency trades. eToro currently offers traders 17 cryptocurrencies, which is a significant amount to choose from, and are managed by eToro’s expert investment committee. eToro also boasts their ability to offer traders near-immediate execution of orders, a rare feature.

Another attractive point, particularly for new traders is the ability to get into trading crypto for as little as $25 with the range of more than 80 crypto assets that are offered by eToro. As well as the 17 direct cryptos, you have 16 crypto/crypto assets, and 64 crypto/fiat assets to trade in. All of these can be conveniently and safely transferred and stored with the eToroX crypto wallet service providing a one stop shop for all your trading needs.

73
Rated: Excellent
security 92
cost 56
trading 56
education 100

Platforms: Proprietary Web Platform Regulations: FCA, CFTC, MIFID-ESMA, ASIC, CYSEC Minimum Deposit: 200
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71% of retail investor accounts lose money

2 AvaTrade

AvaTrade is based in the Republic of Ireland and has been operating online since 2006. Currently, they’re in a partnership with Manchester City FC and have won numerous awards for their service since 2009. With AvaTrade, you can trade on over 250 instruments, including 24/7 cryptocurrency trading and vanilla options. Cryptocurrencies available for trade include Bitcoin, Ethereum, Litecoin, Ripple, and interestingly, EOS, which is rare to see. They are also regulated by a large number of different organizations around the world.

Another appealing point of dealing with this well-respected broker is the fact you can trade through the trusted MT4 trading platform and get started with a low deposit starting at just $100. Another perfect point for new traders is the AvaProtection feature that actually shields your account from losses for a short period. This is a very rare feature among brokers and perfect if you are just learning the ropes as a forex trader.

82
Rated: Excellent
security 93
cost 79
trading 67
education 100

Platforms: Mirror Trader, ZuluTrade, MT4 Dekstop, MT4 Web, Proprietary Desktop Platform, Proprietary Web Platform, MAC Platforms Regulations: FSA, MIFID-ESMA, ASIC, IIROC, FSB, Offshore, FSC (British) Minimum Deposit: 100
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80.5% of retail investor accounts lose money

3 Plus500

Founded in 2008, Plus500’s main focus is to be the no.1 CFD provider. Plus500 is currently the primary sponsor of Atlético de Madrid for the 2017-18 Europa League and has one of the highest rated CFD trading apps on Apple’s App Store and Google Play. With Plus500, you can trade nine different cryptocurrencies against the USD as well as trade Ethereum against Bitcoin. Plus500 is also listed for trading on the London Stock Exchange’s Main Market for Listed Companies.

It is also ideal for those new traders starting out since Plus500 applies no minimum deposit for getting started and also caters for a completely unlimited demo account to help you learn and grow with freedom. Added to a very user-friendly trading platform, their appeal is further boosted by a zero cost policy. This means that many of the most common actions you undertake on the platform will have no fees at all. A great way to reduce your trading cost with a top broker.

78
Rated: Excellent
security 100
cost 71
trading 68
education 49

Platforms: Proprietary Desktop Platform, Proprietary Web Platform Regulations: MAS, FCA, MIFID-ESMA, ASIC, FMA, CYSEC, ISA Minimum Deposit: 100
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76.5% of retail investor accounts lose money

4 Pepperstone

Pepperstone is an Australian company that has been operating since 2010. Since then, they have been very successful in launching mobile apps and winning numerous awards over the last few years from the Investment Trends FX awards, including one for educational materials. With Pepperstone you can trade Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Dash, and Ripple. Additionally, they are also regarded as one of the world’s largest MT4 FX brokers who also incorporate a wide range of social trading features that further boost their appeal in the sector.

Pepperstone features a common minimum deposit for industry leaders at a figure of $200. This represents good value when you consider their status in the industry as a top broker and also the fact that spreads here start from rock bottom at 0 pips. An active trader  program is also in place to help you bring costs down even further and reward loyal traders for staying with this industry giant.

83
Rated: Excellent
security 91
cost 81
trading 70
education 100

Platforms: cTrader desktop, cTrader web, ZuluTrade, MT4 Dekstop, MT4 Web, MT5 Desktop, MT5 Web, MAC Platforms Regulations: FCA, ASIC Minimum Deposit: 200
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80% of retail investor accounts lose money

5 XTB

XTB has offices in more than 10 countries including Belize, UK, Poland, Germany, Spain, and France. For 2018, XTB has been voted the highest rated FX & CFD Broker by the Wealth & Finance International Awards and offers traders access to a wide range of markets. In their 12 years of service, they have accumulated a number of awards, including some from Forbes and Bloomberg. With XTB, you can trade Bitcoin, Dash, Litecoin, Ethereum, and Ripple.

All of these assets and more, a total of 1,500 in all, are available to trade with no minimum deposit required. This makes the broker a very attractive prospect for new traders breaking into the industry or experienced traders who may want to try crypto trading in one of the 25 available markets for the first time. This kind of flexible approach is something that has worked to keep XTB at the head of a very competitive industry for more than a decade.

74
Rated: Excellent
security 92
cost 55
trading 60
education 100

Platforms: Mirror Trader, Proprietary Desktop Platform, MAC Platforms Regulations: FCA, MIFID-ESMA, CYSEC, Offshore Minimum Deposit: 250
Open an account
76% of retail CFD accounts lose money

6 IG Markets

Operating since 1974, IG Markets are primarily focused on spread betting and CFDs. They offer traders six cryptocurrencies including Bitcoin, which is quite a significant number for an established broker. They also have an active trading community, including a forum where traders share ideas, which is quite useful for beginners. You will have a vast range of markets available at IG to share ideas on. There are a total of more than 15,000 to choose from. This includes a selection of 8 of the most popular crypto assets and 90 forex pairs.

The minimum deposit to get started with trading at IG Markets is $300 but this slightly higher amount is well offset by the very competitive spread offered by the broker that starts at 0.6 pips. As well as offering the respected MT4 trading platform, the broker also provides access to their own proprietary trading platform that is very user-friendly and intuitive.

80
Rated: Excellent
security 95
cost 52
trading 75
education 100

Platforms: MT4 Dekstop, MT4 Web, Proprietary Web Platform, MAC Platforms Regulations: FSA, MAS, FINMA, FCA, CFTC, MIFID-ESMA, ASIC, FMA, FSB, DFSA Minimum Deposit: 300
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69.6% of retail investor accounts lose money

7 AxiTrader

Founded in 2007 in Sydney, they primarily have offices in the UK and Australia. AxiTrader is compatible across a number of devices and offers MT4 for both Android and iPhone. They also claim to have a 24-hour support team available in your time zone and in your language and a 30-day free demo. Currently, AxiTrader offers traders CFDs on Bitcoin with a max trade of 10 lots and a leverage of 2:1, and is a good place to start for people who want to experiment with it.

New traders in particular may be enticed to trade cryptocurrency here since the broker has no minimum deposit amount required. This is a great attraction given that they provide for over 140 assets in total across a range of markets. Further appealing is that many of these markets are provided at very competitive rates with a spread that starts from 0 pips on forex markets.

77
Rated: Excellent
security 92
cost 72
trading 58
education 100

Platforms: ZuluTrade, MAC Platforms Regulations: FCA, MIFID-ESMA, ASIC, FMA, DFSA Minimum Deposit: 0
Open an account
76.69% of retail investor accounts lose money

8 NAGA Trader

Naga Markets is a very well-known and respected European broker who has crafted a positive reputation based on their good treatment of traders over their years in the industry. They are also in a very unique position as being one of the few regulated forex brokers in the world who offer their very own cryptocurrency, the Naga Coin (NGC). This extends a broad appeal to the wider market of crypto traders who can also deposit through cryptocurrency. There is also no minimum deposit so the broker is a very accessible proposition to many getting started in trading.

As well as trading in its own crypto and secure storage for your balance through their own safe wallet, Naga Markets also offers 2:1 leveraged trading in many crypto assets including Bitcoin, Bitcoin Cash, Ripple, and more to traders based in the EU. If you are still not convinced or you simply wish to try it out, then a full unlimited demo account is also on offer to all.

71
Rated: Excellent
security 93
cost 61
trading 53
education 79

Platforms: MT4 Dekstop, MT5 Desktop, Proprietary Web Platform, MAC Platforms Regulations: FCA, MIFID-ESMA, CYSEC, Offshore Minimum Deposit: 1
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79% of retail investor accounts lose money

9 Swissquote

Last but not least on our listing of top crypto brokers is Swissquote. They offer not only brokerage, but also banking services, and provide for a total of 5 crypto assets when you are trading through one of their three available account types. A standard account here is very appealing to new traders since there is no minimum deposit.

The premium and prime accounts here come with a respective minimum deposit of $1200, and $2000 with the trading conditions and spreads on the available assets becoming more competitive as your deposit increases. Swissquote also has a robo-advisor service that can automatically suggest trades based  on your preferences and certainly appears to be a very popular broker choice among more experienced traders.

77
Rated: Excellent
security 93
cost 63
trading 61
education 100

Platforms: ZuluTrade, MT4 Dekstop, MT4 Web, MT5 Web, Proprietary Web Platform, MAC Platforms Regulations: FINMA, FCA, MIFID-ESMA, SFC, DFSA Minimum Deposit: 542

What is a crypto asset?

When you are considering trading cryptocurrency, 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 cryptocurrency 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 cryptocurrency 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.


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Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Your capital is at risk. The present page is intended for teaching purposes only. It shall not be intended as operational advice for investments, nor as an invitation to public savings raising. Any real or simulated result shall represent no warranty as to possible future performances. The speculative activity in forex market, as well as in other markets, implies considerable economic risks; anyone who carries out speculative activity does it on its own responsibility.
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