Are you interested in trading with crypto CFDs, but you don’t know what broker to choose? So you don’t have to go through all the trouble, we made a list of some brokers that might be the right choice for you. So let’s go through the list and you can decide what is the right fit for you!
|Broker||Features we Like||Max Leverage||Crypto CFDs||Regulation||Min Deposit|
||1 to 3||Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, NEO, Monero, Dash, Bitcoin Gold, EOS, IOTA, Ethereum Classic, OmiseGO, Zcash, Aventus, QTUM, YOYOW, ETP, Santiment, Streamr, Eidoo, QASH.||
||1 to 3||Offers 16 crypto CFDs. However the most popular are Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and Ripple.||
||1 to 2||Bitcoin, Ethereum, Ethereum Classic, Dash, Ripple, Litecoin, Bitcoin Cash, Stellar Lumens, NEO, EOS, and Cardano.||
||1 to 2||Bitcoin, Bitcoin Cash, Ethereum, Dash, Ripple, and Litecoin||
||1 to 2||Bitcoin, Ethereum, Ripple, Dash, Litecoin, Monero, Zcash, Ethereum Classic, NEM, Bitcoin Gold, IOTA, Omisego, Qtum, Stellar, and Tron.||
||1 to 20||Bitcoin, Bitcoin Cash, Bitcoin Gold, Litecoin, Ethereum, Ripple, Dash, and EOS.||
||1 to 5||Bitcoin, Ethereum, Litecoin, Dash, Monero, Ripple, Stelar||
UFX is a CFD broker who as you can presume started as a Forex broker, in 2007. They are an STP broker; what that means is that it matches a client’s order with an order from a liquidity provider; also they provide fixed spreads. UFX offers different kinds of crypto CFDs, and they also made the ParagonEx platform available for cryptocurrency CFD trading.
UFX has different kinds of crypto CFDs that are available to trade, and those are Bitcoin, Bitcoin Cash, Bitcoin Gold, Ethereum and Ethereum Classic. You can trade these crypto CFDs on the ParagonEx trading platform, and the minimum deposit of $100. If you are of Islamic fate, they offer an Islamic account, and the minimum deposit is $1000.
Right now, they offer over 20 crypto CFDs. The cryptocurrencies that you can trade with them are Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, NEO, Monero, Dash, Bitcoin Gold, EOS, IOTA, Ethereum Classic, OmiseGO, Zcash, Aventus, QTUM, YOYOW, ETP, Santiment, Streamr, Eidoo, QASH. Also if you would like to find out what are the top 10 cryptocurrencies of 2019 you can check out the article that we wrote on that subject here; it can possibly help you decide what crypto you want to trade with.
Yes, UFX is regulated so there are no worries for you there. UFX is a trade name of Reliantco Investments Limited, and they are a Cyprus investment company that is authorised and regulated by the Cyprus Securities Exchange Commission (CySEC). Their license number is 127/10.
The best thing about trading crypto CFDs with UFX is that they don’t charge commissions. Also, spreads are fixed at UFX. However, they might change that in out-of-hours trading or extreme market conditions. The fixed spreads can be different, and that could depend on your account type.
EverFX is a Forex, CFDs and a Crypto CFD broker. They offer for their clients a minimum deposit of $250, different kinds of fast payment methods, more than 100 financial instruments, educational material, and they have an amazing customer support. EverFX is a trade name of ICC Intercertus Capital Limited.
However, you should know that EverFX doesn’t offer CFDs to residents of certain countries like the USA, Belgium, Iran, Canada and North Korea.
Since EverFX is based in the Cayman Islands, the company is licensed and regulated by the Cayman Islands Monetary Authority (CIMA). The license number for this Crypto CFD broker is 1444866. They are also regulated by the Cyprus Securities and Investment Commission (CySEC) thanks to their international presence in the financial markets across Europe. Also, EverFX works under the European MiFID.
When it costumer protection, EverFX is a registered Cyprus Investment Firm (CIF), and their registration number is HE346662. Because of them being a registered CIF, EverFX is a member of the Investor Compensation Scheme which helps them protect the customer funds up to €20,000 in the event of broker’s insolvency or their loss of funds in the event of fraud.
EverFX has two very sophisticated online trading platforms. First is the MetaTrader 4 (MT4) desktop platform the most popular one for sure, and the second one is the MT4 WebTrader platform. It doesn’t matter if you are a beginner trader or a professional trader, EverFX has a platform that is suited for you.
EverFX offers 16 crypto CFDs for you to trade with. The most famous ones for you are Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and Ripple. To find out more what is going on with Bitcoin click here.
EverFX has variable spreads. Variable spreads are usually lower than fixed spreads. However, they can increase when there is low liquidity and high market volatility. To sum it up the commissions and fees are relatively low. So if you are interested in starting with EverFX the minimum deposit is $250; also, they have some interesting promotion that you can check out.
eToro began its business in 2007, and it is best known as a social trading platform that helps traders no matter of their experience level. eToro encourages their users to ask for advice from each other, and it offers the CopyTrader service in some countries. With CopyTrader service users can copy the trades of leading investors.
Next to crypto CFDs, eToro gives you access to other markets that include stocks, commodities and fiat currency. In the US, you can buy cryptocurrencies. However, trading with crypto CFDs is not allowed in the U.S. like in other countries that allow you to trade with crypto CFDs.
eToro is licensed and regulated by all the relevant financial authorities in Europe, the United Kingdom, Australia and the U.S. In the case that eToro can’t pay back your funds for reasons that include insolvency or theft, your protections under different laws will be different. However, there are no protections in the event of loss of your cryptocurrency holdings, except in specific situations like if eToro goes bankrupt and you have a claim. Also, there is no protection for losses that occur with crypto CFDs, if eToro is unable to pay your earnings. However, for non-professional investor customers, under the Cypriot Investors Fund, you are secure up to a maximum of €20,000.
For its customers, eToro offers 11 crypto CFDs to trade with. It includes Bitcoin, Ethereum, Ethereum Classic, Dash, Ripple, Litecoin, Bitcoin Cash, Stellar Lumens, NEO, EOS, and Cardano for the crypto CFDs that they offer. So with cryptocurrency CFDs, you can take a position on cryptocurrency prices without even owning crypto. However, eToro does offer the possibility of buying a cryptocurrency if you wish to do that.
eToro doesn’t have any deposit or trading fees other than spreads. However, eToro charges a $25 fee for withdrawals, and the minimum withdrawal amount is $50 when it comes to crypto CFDs. Also, eToro charges overnight and weekend fees for CFD positions. And the minimum deposit is $200.
When it comes to the online trading industry, 24option has a relatively long history in it. It began in 2013, and it is based in Cyprus. In Europe, 24option works under Rodeler Limited as a holding company. Also, they have a holding company that is operating in Belize, and its name is Richfield Capital Limited. Richfield Capital Limited works for its non-EU clients.
24option started as an online options broker originally; however, they are recently working exclusively with CFDs. They offer their users the ability to trade CFDs on all kinds of different assets using both native trading technology and MT4.
24option is regulated in Cyprus by the Cyprus Securities and Exchange Commission (CySEC). Also they are regulated by the Belize International Financial Services Commission (IFSC). With the CySEC they have a CIF license with a number of 207/13. The license number for the IFSC is IFSC/60/440/TS/18. Thanks to the MiFID directive, the CySEC license gives them the ability to provide services in the EU, and the IFSC allows them to work in other countries.
When it comes to assets that you can trade with at 24option, they offer CFDs on stocks, Indices, Commodities, Forex and the thing that interests you crypto CFDs. The crypto CFDs that you can trade with are Bitcoin, Litecoin, Ethereum, Dash, Monero. With some of these assets, you can trade them crossed with the USD, EUR and GBP. Also, 24option offers some mini crypto contracts. If you want to know what is going on with Dash click here.
With 24option you will not be charged a lot of commission. The only trading fee that you will probably have is the “Swap Fee”. The swap fee is usual with any crypto CFD broker.
When it comes to other fees, you are charged a monthly maintenance fee of €10. So what that means is that just for having an account it will cost you €120 a year.
IQ option was founded in 2013, and it is owned and operated by IQ option Europe Limited. It is one of the largest CFD brokers in Europe. IQ option is operating from Cyprus. The company is an online trading platform that allows its customers to trade with different kinds of financial instruments and assets like Binary Options, Stocks, Forex, ETFs, and Cryptocurrencies.
The website quickly became one of the biggest online trading platforms. They are claiming that they have over 20 million account holders from all over the world.
IQ option is a regulated broker, so you have no worries there. They have a license to provide investment products in the EU. They have a license from the Cyprus Securities and Exchange Commission (CySec). In order to get that license, they had to meet some requirements. Also, IQ option is working under the important EU law that is called MiFID.
Next to offering CFDs for stocks, forex they are offering crypto CFDs as well. The crypto CFDs they are offering are Bitcoin, Ethereum, Ripple, Dash, Litecoin, Monero, Zcash, Ethereum Classic, NEM, Bitcoin Gold, IOTA, Omisego, Qtum, Stellar, and Tron. So as you can see they have quite enough cryptos for you to trade with.
When it comes to fees, they do not charge any for deposit and withdrawals. However, IQ option can charge you a commission if you open an unleveraged crypto CFD trading position. The amount that they can charge you with will range from 1% to 2.5%of the transaction.
AvaTrade is an acknowledged broker that has been in the online trading world since 2006. The values that the company is preaching are fairness and integrity, uncompromising self-evaluation, customer service, and constant innovation. Headquarter of AvaTrade is in Dublin; they also have sales centres in Paris, Milan, Sydney, Tokyo, Madrid, Mongolia, Beijing, Nigeria, Santiago, and Johannesburg.
AvaTrade is aiming to help both professional and inexperienced traders and to offer them adaptable trading platforms. With the company, you can trade with forex, commodities, stock indices, individual equities, bonds, ETFs, options, and crypto CFDs. They have more than 200,000 registered clients who are completing approximately 2 million trades a month.
The company is regulated in Europe, the British Virgin Islands, Australia, Japan, and South Africa. It is encouraging that they have their headquarter in Dublin since most companies choose to have theirs in Cyprus.
The Central Bank of Ireland regulates AvaTrade, and the license number is C53877. B.V.I Financial Services Commission regulates AvaTrade. ASIC regulates AvaTrade in Australia with the license number 406684. The South African Financial Services Board regulates AvaTrade license number 445984. The FSA regulates AvaTrade in Japan.
Looking at how many countries gave the license to AvaTrade, it should say something about them.
AvaTraders offers its users a possibility to trade with some of the top-ranked crypto CFDs. You can start trading with cryptocurrencies at $100, and the leverage is 20:1. The crypto CFDs that you can trade with are Bitcoin, Bitcoin Cash, Bitcoin Gold, Litecoin, Ethereum, Ripple, Dash, and EOS.
AvaTrade offers the most competitive spreads. What that means is that usually there are no commissions for trades, since AvaTrade makes a profit through its spreads. AvaTrade gives you a choice to use either fixed spreads or floating spreads.
It charges an inactivity fee of 50 units in the account’s currency (USD, EUR, or GBP) if you are inactive for 3 months. There is also an administration fee of 100 units in the account currency, and this will automatically be deducted in the case of 12 months inactivity.
Markets.com is an international Forex and CFDs broker; it is operated by Safecap. The mother company of Safecap is Playtech PLC, and it is traded on the London Stock Exchange’s Main Market. It is a part of the FTSE 250 Index. The company is located in Sydney. The site offers in-house trading platforms with over 2,000 assets that include Forex trading and CFD trading on stocks, indices, commodities, and cryptocurrencies.
Markets.com has over 5 million registered accounts. Also, their traders have placed 13 million trades and have $185 billion in traded value in the past year.
Markets.com is regulated in Australia by ASIC so they can provide financial services and their license number is 424008. In Africa, they are regulated by the FSCA with the license number 46860. When it comes to Europe, Markets.com is regulated by both the CySEC and FSCA. The license numbers are 092/08 for the CySEC and 43906 for the FSCA.
Next to regulators, they have a Negative Balance Protection to keep clients funds in different bank accounts, for additional protection.
Markets.com offers you the possibility to trade with crypto CFDs like Bitcoin, Bitcoin Cash, Ethereum, Dash, Ripple, and Litecoin. You can trade crypto CFDs with Markets.com 24/7. Bitcoin trading lasts from Sunday at 23:00 GMT until Friday at 22:00 GMT. Bitcoin has daily breaks between 22:00 and 23:00 GMT. There could be some interruptions because of system maintenance on Sundays for other crypto CFDs.
As with most forex trading platforms, Markets.com does not charge fees on trading with crypto CFDs. Rather, they make a profit through spreads and also via daily swap charges. To make sure everything is transparent, Markets.com has an updated list of all spreads and leverage limits on their Instruments page.
These are the choices from us. Now you have 6 brokers that you can choose from. Every broker has its perks; however, you should choose carefully, since every person is different and maybe for someone one broker works perfectly and for you it might not. So my last piece of advice is, try to find your perfect fit. If you have something to add, please feel free to leave a comment.