How To Choose The Best Crypto Broker
Choosing a crypto broker can be challenging. Do you choose an experienced website with an established history or do you go with a newer broker who’s just starting out? In this post you’ll learn how to find the best cryptocurrency trading platforms based on your needs and how to make sure you’re dealing with a trustworthy and legitimate broker.
Check the broker has a trading license and appropriate regulation.
When choosing a broker, it’s important to know the company has a trading license and is regulated by the appropriate regulatory body.
First of all, check the broker has a trading license. This will show that they are legally allowed to trade financial instruments. If you’re unsure, you can always contact the Financial Conduct Authority (FCA) or any other relevant authority in your country and ask them who regulates the broker.
If you’re still not sure, you can also search online for reviews of your chosen broker. Some brokers may be untrustworthy, but this doesn’t mean all of them are! A good broker should have plenty of positive reviews, so ensure that these outweigh any negative ones.
Look for brokers who are members of trusted associations.
When choosing a crypto broker, it’s important to make sure that they’re a member of a trusted association.
This will show that they’re willing to abide by industry standards and have agreed to uphold certain ethical and professional standards.
It also shows that the broker is serious about their business and has invested in the resources necessary to keep their customers safe.
In particular, the Financial Commission has strict standards for brokers and exchanges. They require that all members meet specific standards in order to be listed on their website, as well as undergo regular audits of their business practices.
Check the broker offers plenty of markets to trade on.
If you’re looking for a crypto broker, you’ll want to make sure they offer plenty of markets to trade on. That way, you can diversify your portfolio and make sure that you’re getting the biggest bang for your buck.
A good place to start is by checking out their trading platform. Make sure that it has all the features and functions you need—like being able to place orders automatically or being able to set up alerts if the market price goes above or below a certain threshold.
Are you looking for a wide range of payment methods?
If you’re looking for a wide range of payment methods, you should consider a broker that offers more than one way to deposit and withdraw funds. It’s important to have options. If you want to use one method, but the broker only allows another, it’s going to be a problem.
If you want to make sure that your broker has a wide variety of options available, look at the different types of payment methods they support. If they offer only bank transfers or wire transfers, then they’re not going to be the best choice for people who are looking for alternatives such as credit cards or PayPal.
How much can you deposit at once?
If you’re looking to trade crypto, you’ll likely need to deposit your funds—and that means choosing a broker who allows you to do so.
The best crypto brokers offer multiple ways to deposit your funds, including bank transfers, credit cards and even gift cards. Some brokers even allow you to use PayPal as a payment method.
A broker that offers multiple deposit options is going to be more convenient for you overall, because it will let you choose the method that works best for your situation. For example, if you have a large amount of money that you want to put into crypto trading and don’t want the hassle of setting up a new bank account or credit card just for this purpose (or aren’t able to because of other reasons), then having an option like PayPal available may be very useful.
On the other hand, if you only want to make small deposits or are worried about security and privacy issues related to using credit cards or gift cards online, then being able to use an alternative method like bank transfer might be better for your needs.
Are there any fees to open an account?
If you’re looking to trade crypto, you’ll want to avoid brokers that charge a fee to open an account. This can be a major drag on your profits, especially if they’re charging a monthly maintenance fee as well.
In general, the best brokers don’t charge any fees at all—they make their money through commissions on trades. If you find one that does charge an account opening fee, it’s probably best to look elsewhere for your trading needs.
When it comes to customer service, how they communicate with their customers is important.
The best crypto brokers will have a 24/7 customer service line that you can call at any time of the day or night. They should also have live chat support, which makes it easy for you to get in touch with them no matter what time of day it is. This can be very helpful if you need help with something quickly and don’t want to wait on hold for hours.
Read reviews online and compare different brokers before making a final decision.
The competition in the crypto broker industry is fierce, so it’s important to understand all of your options. You can do a quick search on Google and compare rates, but it’s even better if you read reviews from professional cryptocurrency investors. These people have used the brokers we are recommending in this guide and they know what they’re talking about. Read their crypto broker reviews and you’ll get an unbiased opinion on each one.
| wdt_ID | # | SYMBOL | Forex Broker | Website | Year | Regulation |
|---|---|---|---|---|---|---|
| 1 | 1 |  | FBS | Open an Account | 2.009 | IFSC, CySEC, ASIC, FSCA |
| 2 | 2 |  | EXNESS | Open an Account | 2.008 | CySEC, FCA |
| 3 | 3 |  | OCTA FX | Open an Account | 2.008 | SVG |
| 4 | 4 |  | INSTA FOREX | Open an Account | 2.007 | VI FSC, CySec |
| 5 | 5 |  | FX OPEN | Open an Account | 2.008 | CySEC, FCA |
| 6 | 6 |  | AXI | Open an Account | 2.008 | CySEC, FCA |
| 7 | 7 |  | FX PRIMUS | Open an Account | 2.008 | CySEC, FCA |
| 8 | 8 |  | HFM | Open an Account | 2.010 | CySEC, FSC, FSB, FCA, BaFin, DFSA |
| 9 | 9 |  | FXTM | Open an Account | 2.011 | CySEC, FCA, IFSC |
| 10 | 10 |  | JUST FOREX | Open an Account | 2.012 | IFSC |
| 11 | 11 |  | CAPITAL.COM | Open an Account | ||
| 12 | 12 |  | TASTY WORKS | Open an Account | ||
| 13 | 13 |  | MOOMOO | Open an Account | ||
| 14 | 14 |  | AVATRADE | Open an Account | 2.006 | MiFiD, CBI, FSA, ASIC, SFB, BVI, ADGM, FSRA, CySEC |
| 15 | 15 |  | EASY MARKETS | Open an Account | 2.001 | CySEC, MiFID, ASIC |
| 16 | 16 |  | EIGHT CAP | Open an Account | 2.009 | ASIC, VFSC |
| 17 | 17 |  | FP MARKETS | Open an Account | ||
| 18 | 18 |  | HYCM | Open an Account | 1.977 | CySEC, FCA, MiFID, DFSA, SFC |
| 19 | 19 |  | ICMARKETS | Open an Account | ||
| 20 | 20 |  | IRON FX | Open an Account | 2.010 | FCA, ASIC, FSCA, CySEC |
| 21 | 21 |  | LITE FINANCE | Open an Account | ||
| 22 | 22 |  | REVOLUT | Open an Account | ||
| 23 | 23 |  | IG | Open an Account | ||
| 24 | 24 |  | MONETA MARKETS | Open an Account | ||
| 25 | 25 |  | AMARKETS | Open an Account | 2.007 | The Financial Commission |
| 26 | 26 |  | PEPPERSTONE | Open an Account | 2.010 | CYSEC, BAFIN, CMA, SCB, DFSA, ASIC, FCA |
| 27 | 27 |  | PLUS 500 | Open an Account | ||
| 28 | 28 | Open an Account | 2.014 | FCA UK, CySEC, FSA Seychelles | ||
| 29 | 29 |  | TMGM | Open an Account | ||
| 30 | 30 |  | TOP FX | Open an Account | ||
| 31 | 31 |  | TRADE NATION | Open an Account | ||
| 32 | 32 |  | TRADE 360 | Open an Account | 2.013 | CySEC |
| 33 | 33 |  | VANTAGE | Open an Account | 2.009 | CIMA, SIBL |
| 34 | 34 |  | VT MARKETS | Open an Account | ||
| 35 | 35 |  | XM | Open an Account | 2.009 | ASIC, CySEC, IFSC |