Top 10 Forex Brokers Offering Cryptocurrencies 2018

by | Oct 25, 2018 | Best Brokers | 0 comments

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.

best forex broker cryptocurrency

Top 10 Best Cryptocurrency Brokers 2018

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

1. eToro

etoro brokers cryptoeToro 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 11 cryptocurrencies, which is a significant amount to choose from, and are managed by eToro’s expert investment committee. eToro also boasts there ability to offer traders near-immediate execution of orders, a rare feature.

  • Regulations: eToro Europe is regulated by the Cyprus Securities & Exchange Commission (CySEC), in the UK by Financial Conduct Authority (FCA), and in Australia by the Australian Financial Services Licence (AFSL)
  • Type: Market maker
  • Leverage: Ranges between 1:2 and 1:400, depending on the asset
  • Minimum Deposit: Ranges between $200 to $10,000 depending on the region
  • Headquarters: Limassol, Cyprus
  • US Customers: Yes, but US clients may have significant limitations. US customers will need to deposit a minimum of $10,000
  • Other instruments: Indices and commodities via CFDs, forex, ETFs, stocks
  • Try eToro with a demo account (CDF Service. 65% lose money)

2. AvaTrade

avatrade broker cryptoAvaTrade 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.

  • Regulations: Regulated in Ireland by the Central Bank of Ireland, the rest of the EU by the Markets in Financial Instruments Directive (MiFID), in Australia by the Australian Securities & Investments Commission (ASIC), the British Virgin Islands by the British Virgin Islands Financial Services Commission, Japan by the Financial Services Agency and the Financial Futures Association of Japan, and in South Africa by the Financial Services Board (FSB)
  • Type: Market maker
  • Leverage: 2:1 for retail traders, but for ‘pro’ accounts leverage can vary significantly
  • Minimum Deposit: USD $100, AUD $ 100, £100, or €100, depending on where you are located
  • Headquarters: Dublin, Republic of Ireland
  • US Customers: No
  • Other instruments: CFD, forex, stocks, indices, ETFs, bonds
  • Try AvaTrade with a demo account (CFD Service. 78% lose money)

3. Plus500

plus500 broker cryptoFounded in 2008, Plus500’s main focus is to be no.1 CFD provider. Plus500 is currently the primary sponsor of Atlético de Madrid for the 2017-18 Europa League and have 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.

  • Regulations: In Cyprus by the Cyprus Securities and Exchange Commission (CySEC)
  • Type: Market maker
  • Leverage: From 1:30 for retail accounts to 1:300 for professional accounts
  • Minimum Deposit: €100 for most funding methods, such as electronic wallets and debit or credit card, and a €500 minimum deposit on bank transfers
  • Headquarters: Limassol, Cyprus
  • US Customers: No
  • Other instruments: CFDs, shares, indices, forex
  • Try Plus500 with a demo account (CFD Service. 80.6% lose money)

4. Pepperstone

pepperstone broker cryptoPepperstone 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.

  • Regulations: In Australia by the Australian Securities and Investment Commission (ASIC) and in the UK by Financial Conduct Authority (FCA)
  • Type: Market maker
  • Leverage: Ranges from 1:1 to 500:1
  • Minimum Deposit: $200
  • Headquarters: Melbourne, Australia
  • US Customers: No
  • Other instruments: CFDs, Forex, commodities
  • Try Pepperstone with a demo account (CFD Service. 79% lose money)

5. Markets.com

markets.com broker cryptoMarkets.com is another Cyprus-based broker that boasts an enormous 5 million registered users and over 2,200 markets to trade on, which is very significant. They are also operated by Safecap, a subsidiary company of Playtech PLC, which is traded on the London Stock Exchange. Cryptocurrencies available to trade include Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Dash, and Ripple. Traders can also trade with Markets.com with their mobile app, available on both Google Play and the App Store.

  • Regulations: In Cyprus by the Cyprus Securities and Exchange Commission (CySEC) and in South Africa by Financial Sector Conduct Authority (FSCA)
  • Type: Market maker
  • Leverage: Up to 1:30
  • Minimum Deposit: $100, €100 or £100
  • Headquarters: Nicosia, Cyprus
  • US Customers: No
  • Other instruments: Shares, commodities, indices, forex
  • Try Markets.com with a demo account (CFD Service. 73% lose money)

6. XTB

xtb broker cryptoXTB 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 over 1,500 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.

  • Regulations: International Financial Services Commission in Belize, Komisja Nadzoru Finansowego (KNF) in Poland, the Financial Conduct Authority in the United Kingdom, Comisión Nacional del Mercado de Valores in Spain
  • Type: Market maker
  • Leverage: Up to 200:1
  • Minimum Deposit: £250, €250 or $250
  • Headquarters: Poland
  • US Customers: No
  • Other instruments: Forex, indices, commodities, equity, CFDs, ETFs
  • Try XTB with a demo account (CFD Service. 80% lose money)

7. IG Markets

ig markets broker cryptoOperating 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.

  • Regulations: In the UK by the Financial Conduct Authority (FCA)
  • Type: Market maker
  • Leverage: Ranges from 2:1 at the lowest to 200:1 at the highest for depending on the country you are located in and the asset you are trading
  • Minimum Deposit: £250 or the equivalent in different currencies
  • Headquarters: London, UK
  • US Customers: Yes, but only through Nadex.com, American traders cannot use the same service as much of the rest of the world
  • Other instruments: Spread betting, CFDs, forex
  • Try IG Markets with a demo account (CFD Service. 79% lose money)

8. AAAFX

aaafx broker cryptoAAAFx is based in Greece and has been operating since 2008. It is incorporated with the ZuluTrade Forex signals programs and systems, as the company is owned by them, which makes their service more instant and precise when making trades. With AAAFx, you can trade Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and Ripple. AAAFx also has mobile apps for iOS and Android.

  • Regulations: In Greece by the Hellenic Capital Market Commission (HCMC)
  • Type: Market maker
  • Leverage: 30:1
  • Minimum Deposit: Depending on where you are based it can be $300, €250, ¥35,000, £200, Fr 250, 370 AUD or 500 BGN
  • Headquarters: Athens, Greece
  • US Customers: No
  • Other instruments: Forex, CFDs
  • Try AAAFx with a demo account (CFD Service. 79% lose money)

9. AxiTrader

AxiTrader broker cryptoFounded 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.

  • Regulations: Regulated in the UK by the Financial Conduct Authority (FCA)
  • Type: Market maker
  • Leverage: 400:1
  • Minimum Deposit: $200
  • Headquarter: London, UK
  • US Customers: Accepts US clients through its American subsidiary, AxiTrader USA. Bear in mind the services offered may not be the same
  • Other instruments: CFDs, forex, spread betting, commodities
  • Try AxiTrader with a demo account (CFD Service. 75% lose money)

10. UFX

ufx broker cryptoUFX is also based in Cyprus and has a clear focus on Bitcoin CDFs. They have received a number of awards over the past couple of years from UK Forex awards, The European Awards, and FX Report Awards. Traders can also take advantage of UFX’s MassInsights™   enabled technology, which can stream news, market events, and trader behavior. Cryptocurrencies available to trade include Bitcoin, Ethereum, Litecoin, and Ripple.

  • Regulations: Regulated in Cyprus by CySEC
  • Type: Market maker
  • Leverage: Ranges from 1:10 to 1:400, depending on the asset and account type
  • Minimum Deposit: $500
  • Headquarter: Limassol, Cyprus
  • US Customers: No
  • Other instruments: CFDs, commodities, ETFs, stocks, indices
  • Try UFX with a demo account (CFD Service. 74.7% lose money)

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