The best 5 Cryptocurrency Brokers – Comparison & reviews

Are you searching for a reliable broker to trade cryptocurrencies? – Then you are right on this website. With more than 10 years of experience in the financial markets, we tested different platforms and show you on this website the best ones for investing in digital assets. Learn about the features and offers for traders. We only recommend platforms that are tested by ourselves with different criteria. Find the best trading software for cryptocurrencies and learn about the conditions.

Cryptocurrency broker graphic

The following cryptocurrency brokers we have reviewed:

  1. Etoro
  2. Libertex
  3. IQ Option
  4. RoboForex
  5. Plus500
Broker:
Review:
Regulation:
Min. deposit:
Crypto Assets:
Advantages:
Account:
1. Etoro
Etoro logo
CySEC, FCA, ASIC
$ 200
17+ Coins & CFDs
+ Leverage 1:1 or 1:2
+ Social Trading
+ Low spreads
+ PayPal
Exchange & Wallet

(76% of private investor accounts lose when trading CFDs)
2. Libertex
Libertex logo
CySEC (EU)
$100
50+ CFDs
+ Beginner-friendly
+ No spread trading
+ Huge variety
+ Professional charting

(Risk Warning: 83% of accounts lose money)

3. IQ Option
IQ Option logo
CySEC
$10
27+ CFDs
+ Leverage up to 1:100
+ Best software
+ BTC withdrawals
+ 24/7 support

(Your capital is at risk)

4. RoboForex
RoboForex logo
IFSC
$10
26+ CFDs
+ Leverage up to 1:50
+ MetaTrader 4/5
+ Low spreads
+ BTC account

(Your capital is at risk)

5. Plus500
Plus500 logo
CySEC, FCA, ASIC, FSA(SEY), MAS
$100
14+ CFDs
+ Leverage up to 1:2
+ Userfriendly
+ Low spreads
+ PayPal

(72% of retail CFD accounts lose money)

How to find the best Crypto Broker:

Our task is to find a reliable and safe platform for trading cryptocurrencies. On the internet, you will often find bad or scam brokers who want to steal the client’s money. You should be careful before signing up with any online platform. From our perspective, we have different criteria for finding a professional broker. We checked each software which we present to you on this website.

It is very important to trade with a regulated and official company. First of all, you should check the website of the crypto broker for the address and regulation. In addition, we are searching for low trading fees and a huge variety of coins to trade. Often it is possible to use leverage on cryptocurrencies because you can trade with a CFD contract or a real coin. With our criteria, you will find the best and safest crypto platform.

Our criteria for finding a reliable cryptocurrency broker:

  • Real and regulated company
  • Variety of cryptocurrencies
  • Free demo account for practice
  • Low minimum deposit
  • Low trading fees
  • Fast execution of trades
  • Invest in rising and falling prices (CFD)
  • Support in different languages

1. Etoro

Etoro Cryptocurrency Broker & Platform

Etoro Cryptocurrency Platform and Trading Software

Etoro is probably one of the best-known trading brokers for cryptocurrencies and long-term investments. The broker made it to number 1 on our list because you can trade coins via CFD (with leverage) and real value. Etoro offers its own exchange and wallet which supports more than 100 different coins. This is a distinct advantage over other trading platforms. Etoro is regulated and licensed by CySEC and FCA. The provider has been very well established in the market for several years.

Traders can buy or sell over 17 different cryptocurrencies. Short trades are no problem with Etoro. The fees (spreads) are extremely low and the provider earns a lot of plus points for this criterion. The trading platform offers the trader many analysis options. Copy-trading or investing in crypto portfolios with lower risk is also offered.

Etoro offers phone and email support for its customers. The account can be opened from a $/€ 200 deposit. To the advantage of many merchants the payment method PayPal is also available. In summary, Etoro is a secure and reliable provider for crypto trading. You can also send the cryptocurrencies to other wallets.

Advantages of Etoro: 

  • Regulated company
  • Well-known social trading platform
  • Free demo account
  • Minimum deposit only $/€ 200
  • More than 17 cryptocurrencies to trade
  • Crypto portfolios
  • Trade with CFDs or the real value
  • Competitive spreads
  • Muli-language support
  • Exchange and wallet
  • Supports more than 100 coins

(Risk warning: 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money

Cryptoassets are highly volatile unregulated investment products. No EU investor protection.)

2. Libertex

Libertex cryptocurrency broker

Libertex cryptocurrency broker

Libertex has been in the market for over 20 years. This broker is regulated by CySEC in Cyprus, where its headquarters are also located. Libertex is ranked #2 in this comparison because this trading platform has the largest selection for crypto-currencies and offers the best trading conditions. There is no BID-ASK spread imposed with this provider and you only pay a small trading commission per position.

In addition, it is possible to set the leverage yourself. Trade crypto-currencies with or without leverage. The trading platform is also very clearly designed and user-friendly for any beginner. Optimal portfolio management is possible via a web platform or app.

Deposits and withdrawals can be made by different methods. Invest normal money directly in cryptocurrencies via CFDs. For any questions or assistance needed, multi-language-speaking support is available via phone, email, or chat. Personally, Libertex is our second choice for trading crypto-currencies. All the conditions speak for themselves.

Advantages of Libertex:

  • Regulated by CySEC
  • Over 50 different crypto-currencies
  • Leveraged and unleveraged CFDs
  • Short selling possible (betting on falling prices)
  • No spreads
  • Low trading commissions
  • Minimum deposit of $ 100
  • Over 10 payment methods
  • The best trading platform for beginners and advanced traders

(Risk warning: Your capital is at risk)

3. IQ Option

IQ Option Cryptocurrency Platform & Trading Software

IQ Option Cryptocurrency Platform and Trading Software

IQ Option is one of the most popular trading brokers in the world. The broker is based in Cyprus and regulated by the CySEC (Cyprus Securities and Exchange Commission) with the number 247/14. Traders can profit from over 27 crypto assets on the platform. You can test it for free with a demo account. This is a virtual money account filled up with $ 10.000. It is possible to change by one click between the real money and demo account.

The minimum deposit is only $10 and the minimum investment is $ 1 per trade. For depositing money into your account it is possible to use more than 10 different payment methods. Cryptocurrency deposits and withdrawals are also available. One important thing that comes with that platform is the leverage of trading cryptocurrencies. The maximum leverage is 1:100 but you can take smaller leverage, too.

You can invest in rising and falling prices because of CFD trading. This is a big advantage against other crypto platforms. All investments are stored and managed on the IQ Option trading platform. If you got questions you can reach the 24-hour multi-language support. From our experience, it is a very user-friendly and safe platform. It is recommended for beginners and advanced traders.

Advantages of IQ Option

  • The regulated and popular company from Cyprus
  • Free demo account
  • Only $ 10 minimum deposit and $1 minimum investment per trade
  • Bitcoin withdrawals are available
  • More than 27 cryptocurrency assets
  • Maximum leverage of 1:100 (choose the lever by yourself)
  • User-friendly platform for trading
  • 24-hour multi-language support
  • Trade other assets like stocks, forex, commodities, and more

(Risk warning: Your capital is at risk)

4. RoboForex

RoboForex Cryptocurrency Platform and Trading Software

RoboForex Cryptocurrency Platform and Trading Software

Roboforex is an international provider of over 9,000 different financial assets. The broker is headquartered outside the EU in Belize, where it is also regulated by the IFSC. Other subsidiaries of the holding company are located in the EU. The broker offers over 26 different cryptocurrencies for trading. This is a very large selection in comparison. Cryptocurrency funds are also tradable, for example.

In addition to the large offer, there is maximum leverage of 1:50. This is really very high leverage, which does not always have to be exhausted because cryptocurrencies are very volatile. Depending on the deposit amount and the trader’s intentions, there are 6 account types to choose from. Among other things, there are interesting bonus offers and cashback for your account balance.

Roboforex offers the very well-known RTrader, Metatrader 4 and 5 as the trading platform. With it, analyses and quick order openings are possible without problems. Also, mobile trading is offered. For transactions, it is possible to deposit with Bitcoin or other cryptocurrencies. The broker is offering a full Bitcoin account. In summary, Roboforex shows very good trading conditions and a large selection. This broker is just right for traders who want to trade with high leverage.

Advantages of RoboForex:

  • A regulated company by the IFSC
  • Free demo account
  • Only a $ 10 minimum deposit
  • More than 26 different crypto assets
  • Low spreads
  • Cryptocurrency deposits and withdrawals
  • Cryptocurrency accounts
  • High leverage of maximum 1:50
  • 24-hour support

(Risk warning: Your capital is at risk)

5. Plus500

Plus500 Cryptocurrency Platform and Trading Software

Plus500 Cryptocurrency Platform and Trading Software (illustrative prices)

Plus500 is another very well-known provider for trading cryptocurrencies via CFD (contract for difference). A total of over 15 different cryptocurrencies are offered. The trader can also place orders on rising or falling prices. The leverage is a maximum of 1:2 and the spreads are clearly favorable.

Note: Availability of cryptocurrencies subject to regulation.

The broker is conspicuous by its user-friendly trading platform, which is very easy to use. Traders should find their way around very well after a few minutes. Multiple regulations are a high priority for the company, so Plus500 UK Ltd is authorized and regulated by FCA (# 509909), CySEC, ASIC, FSA(SEY), MAS. Clients’ funds are held in accordance with the highest security standards and there is a deposit guarantee of up to £ 85,000.

Another advantage of this provider is 24/7 support. This is only available via chat or email, but in English around the clock. As cryptocurrencies are very volatile, Plus500 even offers guaranteed stop losses. This is a clear unique selling proposition compared to other brokers. In summary, in our opinion, Plus500 is one of the top providers and you can give it a try.

Advantages of Plus500:

  • One of the biggest online brokers
  • Multi-regulated company
  • Free demo account
  • A low minimum deposit of $ 100
  • More than 15 cryptocurrencies CFDs
  • Low spreads
  • Guaranteed stop losses
  • 24/7 support in different languages

(Risk warning: 72% of retail CFD accounts lose money)

How to open your Crypto Trading account:

In the following, we want to show you how to open a crypto trading account for investing. It is the same principle for every regulated online broker. You can sign up with your email address and a safe password for opening the account. You will get direct access to the trading platform and demo account. For trading real money you have to do full registration on the broker’s website. The broker will lead you to step by step through the account opening.

1. Verification process

The verification process is very important for the broker and trader. A regulated company has to verify its clients because of the money laundering laws. This process can be take up to some hours of time. The broker will ask you for documents to prove your identity. Upload a screenshot or photo of your passport. Often you can upload other documents, too. The company will check them and give you feedback. After that, the account is fully functional and you can start trading with real money.

Do the verification process:

  • The broker will check your identity
  • Upload the required documents
  • Fulfill the personal data
  • You need the full verification for trading real money

2. How to deposit and withdrawal money:

With the recommended broker platforms you can deposit and withdraw money with different payment methods. Bankwire, credit cards, e-wallets, and even cryptocurrencies are available for depositing and withdrawing money. There are no fees for the deposit and up to 90% no fees for the withdrawals. Money transactions are very fast and deposits can be credited instantly to your trading account.

Also, the withdrawal of the recommended brokers is very fast. It can take up to a maximum of 3 days but often the payment transaction is processed in a few hours.

Crypto Brokers accepting a lot of different payment methods

Crypto Brokers accepting a lot of different payment methods

Payment methods: 

  • Bankwire
  • Credit cards
  • E-Wallets
  • Cryptocurrencies

3. Start trading cryptocurrencies

If you are afraid to use real money you also can use virtual money via a free demo account. That means you invest without risk into the markets. Trading cryptocurrencies on the broker’s software is simple but can be confusing for some beginners.

First, you should choose the cryptocurrency you want to trade:

Choose the cryptocurrency you want to trade

Choose the cryptocurrency you want to trade

After that, it is possible to analyze the charts, price, key numbers of the cryptocurrency. We recommend using technical analysis to determine the best buying or selling price in the chart. Furthermore, most brokers offer you analysis tools and indicators for free.

If you are sure now in which direction you want to trade, you should open the buy or sell order. In the next picture you will see the order mask:

Sell or buy cryptocurrencies

Sell or buy cryptocurrencies

Choose the right amount for your investment. It is intelligent to split the money on more than one cryptocurrency but it is your choice what you want to do with it. Trade on rising and falling prices. Another big advantage of using CFDs (Contract For Differences) is that you can use leverage and do a quick shot-trade.

Well-done! You opened your first cryptocurrency trade.

Conclusion: To find a good Cryptocurrency Broker can be quite difficult

On this page, we have shown you the list of the current top 5 providers for crypto-currency trading and gave you sufficient details about the individual brokers. Investing in digital currencies does not have to be difficult these days. All providers in this comparison stand for uncomplicated account opening and fast trading.

In the past, many crypto exchanges have been hacked or the operator has disappeared with the customer’s money. This can’t happen with the listed brokers, because you trade the coins via a secure contract of difference or directly with the broker. All trading platforms are regulated and licensed by state supervisory authorities. The brokers must comply with the highest guidelines for the financial markets.

Learn more by reading our full test reports:

  1. Etoro
  2. Libertex
  3. IQ Option
  4. RoboForex
  5. Plus500

On this page, we presented you with the best 5 brokers for cryptocurrency trading. These are safe and reliable companies for investing.

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