Top Crypto Brokers
Published December 29, 2021.
Our team independently researches and recommends the best products and services. We publish reviews that are unbiased nor influenced by payments we may receive from advertising partners.
Before investing in cryptocurrencies, let us help you find the right broker for you.
In 2009, the world was introduced to Bitcoin – the first cryptocurrency (also known as virtual currency, or digital currency). Since that time, hundreds of other digital currencies have hit the market.
Getting to Know Cryptocurrency
Cryptocurrencies are decentralized, meaning that they are not controlled or regulated by any central authority or government. The majority of cryptocurrencies use blockchain technology, which is a public ledger of all transactions. Every transaction is an individual block in the blockchain, as are balances owned by holders of the cryptocurrency. As a public ledger, the blockchain can be seen by anyone at any time. Each account owner has a personal key to his account, enabling him to make transactions, and then those transactions become part of the public blockchain.
The advantage of blockchain technology is that it is very difficult, if not impossible to hack (to date, nobody has succeeded), and the public accessibility of the blockchain helps insure against fraud and interference by third parties. A second advantage is that the fees for online payments with virtual currencies tend to be lower than those of more traditional forms of online payment. Currently, hundreds of thousands of businesses worldwide accept digital currencies as payment for goods and services.
How We Chose the Best Crypto Brokers
When choosing the right social trading broker, you must understand its advantages and disadvantages. However, certain features and aspects are vital for every brokerage, and we made sure they met those standards before including them on our list. Here is what we looked at when making our decision:
- Safety and security
- Interface design and user experience
- Access to analytics and real-time data
- Reliability and responsiveness of the platform
- Availability of trading options
- Quality of customer service
Below are the top Crypto brokers according to the research and reviews conducted by the Broker Reviews experts.
Broker Reviews' Picks for the Top Cryptocurrency Brokers
A powerful all-in-one trading platformOpen Account
Licensed by ASIC, CySEC, and the FCA
Fortrade is an online trading platform that offers Contract For Difference (CFD) trading services. The website provides access to more than 300 financial assets, which includes:
Fortrade also offers Bitcoin CFDs with low commissions, high leverage power, around-the-clock trading opportunities, and short trading.
Fortrade is authorized and regulated by the Investment Industry Regulatory Organization of Canada (IIROC) and the Ontario Securities Commission (OSC).
Overall, the platform has no commission charges and provides users access to current trading data and graphs, one-click execution, deposit and withdrawal of funds, and easy management and execution of investments.
Registered users can utilize several trading tools available on Fortrade, such as morning and evening analysis, weekly analysis, and microanalysis. There are also several trading calculators, including a currency converter tool, margin percentage calculator, swap rates calculator, and pit value calculator.
The platform runs 24/7, and users can trade from anywhere they want while monitoring global markets and capitalizing on price movements at the right time. Plus, clients are only required a $200 deposit is when creating an account.
In the end, most services are commission-free, and users have access to global financial products, swift market access, and fast order execution.
Fortrade Pros and Cons
- Demo account
- Supports multiple languages
- Regulated by several organizations
- Competitive trading conditions
- 24/5 customer support
- No U.S. clients
- Inactivity fee
Instruments, Indices, FX, Crypto and more in one placeOpen Account
$50 inactivity fee after 12 weeks
Licensed by the CBI and FSC
AvaTrade is an online trading platform with an extensive selection of trading options.
Users can trade more than 100 assets, including forex, CFDs, stocks, exchange-traded funds (ETFs), bonds, commodities, and cryptocurrency.
Indeed, AvaTrade offers a selection of leading cryptocurrencies, including the premier digital token: Bitcoin.
All accounts with AvaTrade are managed by Friedberg Direct, a division of Friedberg Mercantile Group Ltd.
A major strength of AvaTrade is its innovative and cutting-edge platform technology that offers several trading instruments, immediate execution, and around-the-clock technical support. These include MetaTrader 4, the world’s most popular trading platform; MetaTrader 5, designed for serious traders; and AvaOptions, an innovative options platform.
Moreover, users have access to a wide range of educational tools, technical and fundamental analysis, and important market updates to help develop powerful trading strategies. By utilizing these resources, investors can become more confident traders. This can be of tremendous value since users are free to trade with no short-selling, scalping, and low spreads.
With AvaTrade, users can trade with confidence and benefit from powerful technology. AvaTrade maintains 24/5 trading opportunities, zero commission, competitive spreads local regulation, and more than 170 instruments.
AvaTrade Pros & Cons
- Free client account
- Easy opening
- Lots of tools and resources
- MT4 and MT5 trading platforms
- Inactivity fee
- Limited product offerings
- Uncompetitive forex fees