Forex Broker Comparison

Best Crypto Brokers 2022

Cryptocurrencies such as Bitcoin or Ethereum have long been established and are therefore offered by many brokers. CFD trading with cryptos is particularly popular. The strong price fluctuations and the leverage can result in enormous profit opportunities. One should not forget, however, if the course is in the wrong direction developed direction, very high losses are to be expected. There are CFD professionals who also consciously calculate a total loss. The offers of the brokers differ however, and there are certain criteria to look out for. No special software is required to trade cryptocurrencies. These can, like Forex or stocks traded with the Metatrader or broker's respective trading platform.

Crypto Broker Comparison Bitcoin Litecoin Ethereum Monero
CFDs are complex instruments and come with a high risk of losing money quickly because of leverage. Between 74% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk losing your money.

The best Crypto Brokers

Crypto Broker Extras Rating to the Broker*
SimpleFX
ECN Broker ECN Broker
many Cryptos many Cryptos
Anonymity anonymous account
Crypto deposit many Cryptos
Max. Leverage: 1:1000 Max. Leverage: 1:1000
0% Voting
FXOpen Reviews
ECN Broker ECN Broker
many Cryptos many Cryptos
rare Cryptos rare Cryptos
Crypto account Crypto account
24/7/365 Trading 24/7/365 Trading
0% Voting
GKFX Reviews Bitcoin
Ethereum
Litecoin
Max. Leverage: 2:1
Margin: 50%
100% Voting
Plus500 Reviews Bitcoin
many Cryptos
24/7 CFD Trading
100% Voting
RoboForex Reviews Bitcoin
Ethereum
24/7/365 Trading
100% Voting
FxPro Reviews Bitcoin
Ethereum
Litecoin
IOTA
DASH
Dodge
100% Voting
Libertex Reviews Bitcoin
Ethereum
Litecoin
IOTA
NEO
100% Voting
Capital.com Reviews Bitcoin
Litecoin
Ethereum
Ripple
many Cryptos
100% Voting
GBE Brokers Reviews Bitcoin
Ethereum
Ripple
Litecoin
DogeCoin
EOS
100% Voting
XM Reviews Bitcoin
Ethereum
Ripple
Litecoin
Dash
100% Voting
JFD Bank Reviews Bitcoin
Bitcoin Cash
Ethereum
Litecoin
0% Voting
Admiral Markets Bitcoin
Litecoin
Ethereum
Dogecoin
many Cryptos
100% Voting
AvaTrade Reviews Bitcoin
Ethereum
Ripple
many Cryptos
100% Voting
Tickmill Reviews Bitcoin
Ethereum
Litecoin
0% Voting
eToro Reviews Bitcoin
Ethereum
many Cryptos
0% Voting
FXFlat Reviews Bitcoin
Ethereum
0% Voting
T1Markets Reviews Bitcoin
Ethereum
>30 Kryptos
0% Voting

Crypto Trading

Many brokers allow cryptocurrencies to be traded 24/7. This has advantages, but you should think carefully about how to set your stop/loss and take/profit sets in as the price can change significantly overnight. There are now many cryptocurrencies that can be traded, but the price of most currencies is based on the price of bitcoin. Parallel courses can often be observed. The broker specialized in CFDs Plus500 offers, among other things, the crypto 10 index for trading. Here the most important cryptocurrencies became an index summarized. If you want to get more involved with trading cryptocurrencies or want to deepen your knowledge, we recommend a demo account in advance to open. All brokers on our list include a demo account. An important aspect, as with all instruments, is of course the spread. This can be quite different and should be compared. Especially as a newcomer to the CFD and crypto market, you also need good support. A comparison is also worthwhile here !

Which broker for cryptocurrencies ?

Cryptocurrency trading is becoming increasingly popular. More and more brokers are therefore offering cryptos. Here, too, the fees and services of the individual brokers can differ and a comparison is recommended. There are now several thousand different cryptocurrencies and the number is growing every day. Bitcoin is by far the most popular cryptocurrency and will continue to be most traded. Ethereum is the second most popular cryptocurrency, followed by Ripple in third place. Bitcoin, Ethereum or Ripple are in the programs of many forex brokers. Would you like to go with me? trading in a few well-known cryptocurrency, you should find out beforehand whether the broker offers it. There are also brokers that specialize in trading cryptos. crypto broker have about 20-30 cryptos on offer. Cryptocurrencies are generally traded in the form of CFDs. This means you don't have to own any coins and no wallet is required. By purchasing CFDs you only bet on the price development of a currency. There are even brokers where you can deposit directly with the wallet. Anonymous account management is also possible. With these brokers However, one should pay attention to where these are regulated. An anonymous account is not permitted within the EU and brokers who allow an anonymous account are based outside the EU, where regulation is not as strict. We recommend brokers that are regulated in the EU. This definitely speaks for the seriousness of the broker. Customer funds are secured by because they are kept separate. Since cryptocurrencies are traded as CFDs, no special trading platform is required. You can use the proven Metatrader or you use a special software provided by some brokers. The leverage should also be adjustable. Since cryptos are often exposed to strong price fluctuations, you should start with low leverage. You should also pay attention to the minimum deposit. This is usually not high and with many brokers it starts from €100. Good crypto brokers also feature has excellent support available 24/7. A feature of a good broker is also the provision of training material in the form of webinars or videos. Cryptocurrencies are traded around the clock - even on weekends. There is no trading pause on weekends, as is usual with other Forex instruments. Be careful when choosing of a crypto broker that you can trade continuously. Some crypto brokers stop trading at the weekend. Test the broker in advance with a demo account when trading crypto.

Risk in trading cryptocurrencies

When trading cryptos, there is always a high risk. This risk is a combination of 2 factors. Cryptos are traded in the form of CFDs, whereby the high leverage effect of CFDs is already a risk represents. Even a small price change has a strong impact on profit or loss. Cryptocurrencies also have a lot more volatility than many other instruments. at relevant reports, the price can quickly change by 10% or more. The high leverage and high volatility are also the reason why cryptos are very popular with speculative investors. Enormous profits are possible in a short time. The risk, however, is that you can also lose a lot quickly. If you want to start or start trading cryptos, we recommend small positions first to trade to familiarize yourself with crypto trading. We, too, had to make the experience several times that the dreaded margin call (total loss) was triggered when the price fell into a developed in an unexpected direction. You should also work with stop/loss in order not to lose too much in the event of larger fluctuations. However, the stop/loss should not be set too tight. At bitcoin we have had the experience that this breaks out in one direction for a short time, after which a counter-movement occurs which is quite a bit larger than the previous breakout. Is that stop/loss now set relatively tight, the order is closed even though the price would actually have developed in the expected direction. At the moment, however, it looks like cryptocurrencies are becoming more and more popular and that the price will definitely rise in the long run. For example, some consider Bitcoin to be worth $100,000 and even more. You just have to factor in that course though can drop significantly for a short time. We also have a Forex account where Bitcoin is traded. So far, I've made the most profit by waiting for a short-term dip came and then placed a buy order. In short, you can make very high profits with crypto trading, but there is also the risk of losing a lot very quickly. This one should always consider and therefore also use money that you do not urgently need and in the worst case calculate a total loss.

Crypto trading fees

As with many other instruments, a broker uses the spread (difference between purchase price and sale price) to make a profit in crypto trading. The spreads can vary at different Brokers differ and a comparison is recommended. With Bitcoin, the spread is often a bit more moderate than with other cryptocurrencies. There should also be no fees for deposits or withdrawals. Some brokers also have an inactivity fee. Fees are charged here if a certain period of time has not been traded. The period is between 3 and 12 months. Make sure no inactivity fee will be charged. As with many other forex brokers, there should be no further fees apart from the spread.

Advantages of Crypto Trading

  • High profits in a short time
  • Use of Leverage
  • Low minimum deposit
  • No special trading platform required
  • Anonymity
  • Many payment options
  • Prices do not depend on inflation
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