Best Brokers For Trading Cryptocurrency (CFDs)

Are you looking for the best brokers for trading cryptocurrency CFDs (Contract for Differences)? If Yes, then you’re in the right place because we have compiled a list of the best brokers for trading cryptocurrency.

We have successfully done this by using our ranking methodology to carefully pick the best and most reputable online brokers in the online trading industry.

Ranking Methodology – While testing and ranking the best brokers for trading cryptocurrencies, some of the critical factors which influenced our judgments include; regulatory compliance & safety, product offering, execution model, execution speed, assets offered, trading cost (trading and non-trading fees), trading platforms provided, research offering, education offered, and customer support service.

5 Best Brokers For Trading Cryptocurrencies

  1. IG
  2. IC Markets
  3. Pepperstone
  4. Admirals
  5. Forex.com

1. IG

IG sm wp

IG is a highly reputable global online broker and one of the largest CFD providers in the world in terms of revenue and trade volume. It was established in 1974 by IG Group plc, a publicly-traded company on the London Stock Exchange and a constituent of the FTSE 250 Index.

IG offers spread betting, stockbroking, and CFD trading across a wide variety of global markets, including forex, shares, indices, commodities, cryptocurrencies, options, bonds, interest rates, sectors, and ETFs with over 18,000+ instruments to trade.

Along with access to a wide array of global markets, you can also enjoy exceptional brokerage services such as deep liquidity, superior trade execution, volume-based rebates, sophisticated trading platforms, expert customer support service, and much more.

IG’s ease of use, advanced trading tools, range of markets, research, and rich education offering, make it an excellent broker for both beginner and professional traders. Also, active and high-volume traders are welcomed with exceptional trading conditions and volume-based rebates, which can help keep trading costs down.

IG Overview

BrokerIG
Regulation CFTC, FCA, ASIC, FCA, FINMA, FMA, MAS, FSA, FSCA, DFSA, and BMA.
Forex Pairs81 Currency Pairs
Trading PlatformsProRealTime, L2 Dealer, MetaTrader 4
Minimum Deposit$300
Demo AccountAvailable | Open Demo Account
Maximum Leverage1:222
1:30 (for ESMA clients)
Account CurrenciesUSD, GBP, AUD, EUR, SGD, HKD.
Payment MethodsBank Wire Transfer, Credit/Debit Cards, Paypal
Trading ToolsAPIs, Virtual Private Server (VPS)

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Pros

  • Strong regulatory framework.
  • It is listed on the stock exchange.
  • 45 years of industry experience.
  • Accepts US clients.
  • Established in 15 Countries worldwide.
  • 313,000+ clients worldwide.
  • Deep liquidity.
  • Negative balance protection.
  • Volume-based rebates.
  • No minimum deposit for bank transfer
  • Industry-standard trading platforms.
  • Forex spreads from 0.6 pips on major currency pairs.
  • Excellent educational offering for beginner, intermediate and advanced traders.
  • Outstanding research offering.
  • Excellent customer support service.

Cons

  • Inactivity fee charged (after two years of inactivity).
  • Offers only forex trading in the United States.
  • No copy/ social trading platform.
  • Limited deposit and withdrawal methods.

2. IC Markets

IC Markets

IC Markets is a leading global online broker and one of the world’s largest forex providers by trade volume, with over 29 Billion USD in FX trades processed daily. It offers CFDs on various global markets, including forex, stocks, commodities, indices, cryptocurrencies, bonds, and futures, with over 2037+ instruments to trade.

With IC Markets, you can enjoy a plethora of top-notch trading services, including transparent pricing, low trading & non-trading fees, consistent ultra-low spreads from 0.0 pips, fast trade executions, low slippage, deep liquidity, advanced trading platforms & tools, and an experienced customer support team available 24/7.

IC Market’s ease of use, and excellent trading conditions, make it a suitable broker for beginners and professional traders. It also supports various trading strategies such as hedging, scalping, and algorithmic trading. Likewise, Its unique trading conditions, such as ultra-low trading fees, fast execution, and deep liquidity, make it an excellent choice for active and high-volume traders.

IC Markets Overview

BrokerIC Markets
Regulation ASIC, FSA, and CySEC.
Forex Pairs61 Currency Pairs
Trading PlatformsMetaTrader 4, MetaTrader 5, cTrader
Minimum Deposit$200 or currency equivalent.
Demo AccountAvailable | Open Demo Account
Maximum Leverage1:500
Account CurrenciesAUD, USD, EUR, CAD, GBP, SGD, NZD, JPY, HKD, CHF.
Payment MethodsCredit and debit cards, Paypal, Neteller, Neteller VIP, Skrill, UnionPay, Wire Transfer, Bpay, FasaPay, Broker to Broker, POLI, Rapidpay, Thai internet banking, Vietnamese internet banking
Trading ToolsVirtual Private Server (VPS), Trading Servers, MT4 Advanced Trading Tools

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Pros

  • Quick account setup.
  • Strong regulatory framework.
  • Over 180,000+ clients across 190 countries worldwide.
  • Multiple industry standard trading platforms in web, mobile and desktop versions.
  • Deep liquidity and no requotes.
  • Negative balance protection.
  • Clients’ funds are segregated.
  • Over 61 currency pairs to trade, including major, minor and exotic currency pairs.
  • Flexible leverage from 1:1 to 1:500.
  • Ultra-fast trade execution.
  • Supports all trading styles and strategies.
  • Offers swap-free account.
  • Low trading fees across all account types.
  • Low spreads (starting from 0.6 pips).
  • Ultra-low spreads from 0.0 pips on IC Markets’ Raw Spread accounts.
  • Multiple secure payment methods, with fast deposit & withdrawal processing times.
  • Demo account with unlimited duration.
  • No inactivity fee is charged.
  • Dedicated and friendly multi-lingual customer support service available 24 hours a day, seven days a week.

Cons

  • Its product offering is limited to forex and CFDs.
  • No proprietary trading platform.

3. Pepperstone

Pepperstone

Pepperstone is a global award-winning online broker established in 2010 by Pepperstone Group. It offers spread betting and CFDs across various global markets, including forex, indices, commodities, shares, and cryptocurrencies, with over 1200+ instruments to trade.

With Pepperstone, you can enjoy cutting-edge brokerage solutions such as low trading fees, deep liquidity, spreads from 0.0 pips, industry trading platforms, social trading, copy trading, ultra-fast execution, an Active Trader program, research, education, and an awarding-winning customer support team.

Pepperstone’s outstanding and flexible trading solutions make it a good fit for all levels of traders, including novice, intermediate and professional traders. It also provides adequate support with multiple industry-standard terminals, tools, and excellent trading conditions, ideally suited for scalping, algorithmic trading, copy trading, and social trading.

Clients also have the option to choose from two account types, which are the Standard and Razor account. The critical difference between these account types is how fees are charged.

The Standard account has a one pip mark on the raw spread (from 0.0pips) with no commissions charged. The simplicity of this account type makes it a good fit for beginners and casual traders.

The Razor account, on the other hand, offers access to consistent raw spreads from 0.0 pips with a small commission charge applied. The lower cost setup traditionally seen in this account type makes it ideally suited for traders with particular trading styles, like algorithmic trading and scalping.

Pepperstone Overview

BrokerPepperstone
Regulation ASIC, FCA, and DFSA.
Forex Pairs61
Trading PlatformsMetaTrader4, Metatrader5 and cTrader and Duplitrade.
Minimum Deposit$0
Demo AccountAvailable | Open Demo Account
Maximum Leverage1:500
Account CurrenciesAUS, USD, SGD, HKD, JPY, NZD, EUR, CHF, GBP
Payment MethodsBank Wire Transfer, Credit/ Debit Cards, Neteller, Skrill, PayPal, and Poli.
Trading ToolsSmart Trader Tools, cTrade Automate, Autochartist, API, Virtual Private Server (VPS), DupliTrade.

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Pros

  • Strong regulatory framework.
  • Great for beginners.
  • Easy account registration process.
  • Deep liquidity and no requotes.
  • Low latency and fast order execution.
  • Supports all trading styles and strategies.
  • Multiple account base currencies.
  • Negative balance protection.
  • Over 61 currency pairs, including major, minor and exotic pairs.
  • Tailored account types with excellent trading conditions, competitive pricing, and advanced tools.
  • Fast and secure payment methods.
  • Multiple industry standard trading platforms in web, mobile and desktop versions.
  • Support for expert advisors.
  • The standard account has zero commissions and consistently low spreads (from 0.6 pips).
  • Ultra-low spreads on major currency pairs from 0.0 pips on the Razor account.
  • Its Active Trader Program rewards high-volume trading with cash rebates that are paid daily.
  • No inactivity fee is charged.

Cons

  • Demo account duration is limited to only 30 days.
  • Only CFDs are offered.

4. Admirals

Admirals

Admirals is a leading forex and CFD provider established in 2001 by the Admiral Group. It offers over 8000+ instruments across various global markets, including forex, commodities, indices, stocks, ETFs, and bonds.

Along with access to over 8000+ instruments, traders can also enjoy several other exceptional trading services such as deep liquidity, superior order execution, industry-standard trading platforms, competitive spreads from 0.0 pips, multiple fast & secure payment methods, impressive educational and research offerings, and an excellent customer support service.

Admirals is a suitable broker for both beginner and professional traders. It is also ideal for traders who enjoy using the MetaTrader trading terminal and all that it offers because it offers multiple MetaTrader-themed account types, which enables traders to choose a MetaTrader account type that best suits their trading needs.

Admirals Overview

BrokerAdmirals
Regulation FCA, EFSA, JSC, CySEC and AFSL.
Forex Pairs50 Currency Pairs
Trading PlatformsMetaTrader Web Trader, MetaTrader 4, MetaTrader 5
Minimum Deposit$100 or currency equivalent.
Demo AccountAvailable | Open Demo Account
Maximum Leverage1:500
Account CurrenciesEUR, USD, AUD, BGN, CHF, CZK, GBP, HRK, HUF, NOK, PLN, RON, RUB, SEK, CNY, SGD, CLP, IDR, MYR, THB, VND
Payment MethodsBank Transfer, Credit/ Debit Cards, Paypal, Klarna, Skrill, Neteller, SafetyPay, Przelewy, iBank & BankLink, iDeal
Trading ToolsMetaTrader Supreme Edition, StereoTrader, Virtual Private Server, Parallels for Mac

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Pros

  • Strong regulatory framework.
  • Great for beginners.
  • Deep liquidity and no requotes.
  • Negative balance protection.
  • The client’s funds are segregated.
  • Industry-standard trading platforms in web, mobile and desktop versions.
  • Tailored account types with excellent trading conditions.
  • All types of trading strategies are allowed.
  • Wide range of asset classes.
  • Competitive spreads and low commissions.
  • A wide selection of secure deposit and withdrawal methods.
  • Low latency and fast order execution.
  • Transparent fee structure with no hidden charges.
  • Offers Isalmic swap-free account.
  • Outstanding education offering.
  • Excellent market research and analytics offering.
  • Friendly and multi-lingual customer service.

Cons

  • Does not accept clients from the United States.
  • The demo account is available for only 30 days.

5. Forex.com

Forex.com

Forex.com is a global FX and CFD provider founded in 2001. It is owned and operated by its parent company StoneX Group Inc, a publicly-traded company listed on the NASDAQ Stock Exchange (NASDAQ: SNEX).

Forex.com offers CFDs, spreads betting, and futures across over 9,500+ global markets, including forex, commodities, indices, stocks, metals, and cryptocurrencies, through institutional-grade platforms, excellent execution, and high-touch expertise.

Other outstanding brokerage solutions you can enjoy with Forex.com includes deep liquidity, competitive pricing, transparent fee structure, superior trade executions, low slippage, multiple account types, an Active Trade Program (which can reduce trading costs by up to 15%), multiple industry-standard trading platforms, education & research tools, VPS hosting and excellent customer support service.

The brokerage solutions offered by Forex.com makes it an ideal broker for traders of all experience levels, although high-volume traders would benefit more from its services.

Forex.com Overview

BrokerForex.com
Regulation NFA (US), CFTC(US), FCA (United Kingdom), ASIC (Australia), FSA (Japan), IIROC (Canada)
Forex Pairs80+
Trading PlatformsMT4, MT5, NinjaTrader, Web
Minimum Deposit$100
Demo AccountYes (90 Days)
Maximum Leverage1:50
EU/UK Clients – 1:30
Account CurrenciesUSD, EUR, CAD, JPY, CHF, AUD, GBP
Payment MethodsWire Transfer, Card Payment, Paypal.
Trading ToolsVPS Hosting, Autochartist, Recognia, Smart Signals, Performance Analytics

Pros

  • 20+ years of industry experience.
  • Strong regulatory framework.
  • Parent company StoneX is a publicly-traded company listed on the NASDAQ Stock Exchange (NASDAQ: SNEX).
  • Over 500,000+ clients across the world.
  • Wide range of asset classes, including currencies, Indices, metals, commodities, stocks, and Cryptocurrencies.
  • Low minimum deposit.
  • Fast and secure payment methods.
  • No withdrawal or deposit fee.
  • Transparent fee structure with no hidden charges.
  • Competitive pricing.
  • Offers Active Trader Program, which helps reduce trading costs by up to 15%.
  • Superior order execution.
  • Multiple industry standard trading platforms and tools.
  • Great customer support service.

Cons

  • Limited payment methods
  • Slow account verification process.
  • The demo account is only available for 90 days.

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