What Is The Best Cryptocurrency Broker? – Cryptonews

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Deciding on which cryptocurrency broker to invest with is one of the most important tasks in the crypto industry. You have to invest with a reliable and trustworthy broker which not only ensures the safety of your funds but also can help you make a profit. To do this, you have to consider some factors like the coin spreads, available trading platforms, regulation, minimum deposit, etc.

Here, well figure out which is the best cryptocurrency broker by comparing some of the top dogs out there.

1. Plus500

Plus500 self-described as the Worlds Trading Machine is a CFD broker for trading cryptocurrencies among other trading commodities. The broker is owned by Plus500UK Ltd and has its headquarters in London, United Kingdom. The worlds top cryptocurrencies can be traded on Plus500 and the trading platform is available 24/7. With Plus500, you can try a Free Demo Account to practice your trading skills before registering for live trading and as a CFD, you do not need to own the cryptocurrencies before you can trade them.

IQ Option is the cryptocurrency broker choice for most traders because of its quick deposit & withdrawal and short selling features. Though it is renowned majorly for Forex, Stocks, and Options trading, IQ option is still one of the leading crypto brokers in the world. The platform was founded in 2013 and boasts of close to 50 million registered users; over 1 million trades are completed daily which amounts to about $11 billion every month. You can trade cryptocurrencies normally and as CFD. A demo account is featured before trying your hands on the real deal.

eToro has been around since 2007 and has more than 10 million users worldwide. Fifteen of the most popular cryptocurrency are available to be traded on eToro; this includes Bitcoin and fourteen other altcoins. The platform is focused on copy trading services with a CopyTrader technology so you can imitate the winning trading strategies of top crypto traders. It is user-friendly and optimized for both crypto trading beginners and experts. The platform features a risk-free practice trading account with up to $100,000 virtual funds.

XTB.com was rated by Brokerchooser as the Best CFD Broker for 2020. The platform is used by about 170,000 traders across the globe. Cryptocurrency can be traded all days of the week except from 9 pm on Fridays to 3 am on Saturdays. The platform features a free demo trading account that you can use for up to 4 weeks.

From the comparison, the best cryptocurrency broker out of the lot is Plus500. The platform is well regulated by different bodies and relatively low spreads for all top 3 cryptocurrencies. However, it is important to note that since cryptocurrencies are volatile, the spreads can change at any time.

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What Is The Best Cryptocurrency Broker? - Cryptonews