eToro

Best overall for crypto trading

eToro was founded in 2007 and is regulated in two tier-1 jurisdictions and one tier-2 jurisdiction, making it a safe broker (low-risk) for trading forex and CFDs.

Cryptocurrency trading is available through CFDs and through trading the underlying asset (e.g. buying Bitcoin). Note: Crypto CFDs are not available from any broker’s UK entity, nor to UK residents. In addition, cryptocurrency trading at eToro is not available in Russia, The Netherlands, and France (including French Territories).

Overall, eToro has pricing close to the industry average for trading physical cryptocurrency, such as 0.75% for buying or selling bitcoin, while its fiat to crypto conversion fee is high at 5%. Meanwhile, converting from crypto to crypto at eToro only costs 0.1% in addition to prevailing spreads. With a large number of crypto assets and both CFDs and the underlying, eToro is our number one broker for Crypto Trading in 2021.

eToro users can find crypto trading ideas and copy other individual crypto traders, as well as copy groups of traders, across 94 supported cryptocurrency pairs. For investors looking to hold the underlying crypto assets, eToroX offers the eToro Mobile wallet app. This app acts as a custodian using a multi-signature scheme and nearly matches the brand’s forex mobile app.

The eToro Wallet is a separate mobile app where users can deposit and withdraw actual cryptocurrencies that are held by eToroX, which acts as the custodian of their private keys and broker. The eToro Wallet closely resembles the look and feel of the eToro mobile app, including support for social trading.

XTB

Best customer service, great platform

Founded in 2002, XTB is publicly-traded and regulated in one tier-1 jurisdiction, making it a safe broker (low-risk) for trading forex and CFDs.

Cryptocurrency trading is available through CFDs and through trading the underlying asset (e.g. buying Bitcoin). Note: Crypto CFDs are not available from any broker’s UK entity, nor to UK residents.

XTB offers two platforms: xStation 5 and MetaTrader 4 (MT4). The xStation 5 platform comes with a minimalist design, yet packs powerful tools and is rich with features.

XTB is a great CFD and forex broker. It is regulated by several financial authorities globally, including the UK’s FCA. The company is listed on the Warsaw Stock Exchange.

On the plus side, its forex fees are low, and the deposit and withdrawal process is fast and mostly free. We also liked the seamless and hassle-free account opening process.

Capital.com

Most Innovative and Transparent Brokerage Service Provider

With the incredible rally of the crypto market in 2020, more and more people are looking to get into cryptocurrencies for the first time, and Capital.com wants to offer international traders a way to seize these opportunities. Their award-winning trading platform gives users access to contracts for difference (CFDs) on more than 3,000 assets including 70 cryptocurrencies, stocks, indices, Forex and commodities.

The broker provides a one-click trading experience with access to markets encompassing stocks, commodities, indices, Forex and cryptocurrencies, all in the same place – no need to sign up to multiple exchanges to access different asset classes.

Capital.com is considered safe because it is regulated by the top-tier FCA. Capital.com has low forex and CFD fees. The non-trading fees are low as well, there are no inactivity or withdrawal fees charged. On the other hand, the stock index CFD fees are not the most competitive.

IG

Excellent offering, most trusted

Founded in 1974, IG is publicly traded (LON: IGG) and regulated in six tier-1 jurisdictions, making it a safe broker (low-risk) for forex and CFDs trading.

Cryptocurrency trading is available through CFDs, but not available through trading the underlying asset (e.g., buying Bitcoin). IG does not offer crypto derivatives in the U.K.

G provides an outstanding selection of trading platforms and tools. The functionality is widespread and serves traders of all experience levels. Besides the L2 Dealer and ProRealTime charting platform.

Retail forex and CFD traders who want a trusted, low-cost broker with brilliant tools, research, and access to nearly every global market (over 19,500 tradeable assets) will find that IG is a fantastic choice. IG finished Best in Class across multiple categories in 2021, including Offering of Investments, Commissions and Fees, Platform and Tools, Research, Education (1st), Mobile Trading (1st), Professional Trading, Trust Score (1st), and Overall (1st).

FXCM

Social Champion 2020

Forex Capital Markets Limited (FXCM LTD) offers Spread Betting, CFD and Forex Trading accounts to trade on a range of markets including Forex, Shares, Indices, Commodities, Crypto, Forex Baskets and Stock Baskets across its flagship Trading Station Platform for Desktop, Web and Mobile as well as the MetaTrader 4, NinjaTrader and ZuluTrade platforms. FXCM is now Integrated with TradingView.

Cryptocurrency products are only available to Professional and Eligible Counterparty Clients.

When trading Crypto CFDs with FXCM, trading costs are included in the spread and there are no extra commission fees charged when opening or closing positions and unlike many other brokers there are no minimum commission levels, so at FXCM you are able to avoid the extra costs of placing smaller trades.

The spread costs can easily be calculated on the Trading Station platform, as you can see the real-time spreads and pip costs (in your account denomination) before you enter any trade. To calculate the spread cost in the currency of your account:

Swissquote

Trusted global brand, diverse offering

Founded in 1996, Swissquote is publicly-traded (SIX: SQN) and regulated in four tier-1 jurisdictions, making it a safe broker (low-risk) for trading forex and CFDs. As a forex broker that also operates two banks, Swissquote takes our top award for Best Banking Services.

With the Swissquote eTrading account offering, clients can trade cryptocurrency alongside endless products across 60 global market exchanges; however, interestingly, eTrading accounts do not support forex and CFDs. To trade forex and CFDs, alongside forwards and options, traders must use the eForex account offering, which offers only 130 tradable symbols (narrow when compared to Saxo Bank or CMC Markets, which both offer over 10,000 CFD and forex symbols).

Swissquote’s eTrading account charges start at 1% of the cryptocurrency trade value and drop to 0.75% for trades above CHF 10K, and 0.5% for transactions worth more than CHF 50K. While there are no cryptocurrency custody fees, a USD 10 fee applies to deposits of less than USD 500, while larger amounts only pay a deposit fee for the same amount.

Overall, Swissquote’s Advanced Trader platform suite, available for desktop and web, fails to impress and compete with industry leaders such as IG and CMC Markets. Thankfully, the full MetaTrader suite, for web and desktop, is available as an alternative.

TradeStation

A lot to offer experienced technical traders

TradeStation had a busy 2019, acquiring and relaunching a firm dedicated to education and community called YouCanTrade as well as launching a cryptocurrency brokerage called TradeStation Crypto Inc.

TradeStation offers a large range of assets, including some less traditional ones like cryptocurrencies. TradeStation offers equity, options, futures, and futures options trading online. Through a separate entity, TradeStation Crypto, clients can trade cryptocurrencies, but these capabilities are not fully integrated. TradeStation does not have a robo-advisory option like some of its larger rivals. The broker also lacks forex trading and fractional share trading.

Cryptocurrency trading on TradeStation Crypto (not integrated). Currencies enabled: Bitcoin, Bitcoin Cash, Ethereum, Litecoin, USDC, and XRP. Clients can transfer cryptocurrencies into and out of their own personal wallets.

Cryptocurrency fees depend on the customer’s account balance, ranging from 0.50% of the transaction value for clients with under $100,000 to 0.125% for clients with more than $1 million. Trades that add liquidity are free for clients with over $100,000 in their accounts. Note that this is a separate account from the equities and options brokerage.

There is no interest paid on uninvested cash. Cryptocurrency assets earn between 0.5% and 2% interest depending on the coin.

City Index

Great all-round offering

Founded in 1983 in the United Kingdom, City Index has grown to become one of the leading multi-asset brokers after its acquisition in 2015 by GAIN Capital Holdings, the operator of FOREX.com. Part of GAIN Capital, and publicly traded under StoneX Group (NASDAQ: SNEX), City Index is regulated in three tier-1 jurisdictions, making it a safe broker (low-risk) for forex and CFDs trading.

Cryptocurrency trading is available through CFDs, but not available through trading the underlying asset (e.g. buying Bitcoin). Note: Crypto CFDs are not available from any broker’s UK entity, nor to UK residents.

AvaTrade

Multiple trading platform options

Founded in 2006, AvaTrade has offices in 11 countries and provides multiple trading platforms for web, desktop, and mobile devices, offering spot forex and forex options and CFDs on numerous asset classes, including cryptocurrencies.

Cryptocurrency trading is available through CFDs, but not available through trading the underlying asset (e.g. buying Bitcoin). Note: Crypto CFDs are not available from any broker’s UK entity, nor to UK residents. AvaTrade offers two proprietary platforms (AvaTrade WebTrader, AvaOptions), the full MetaTrader suite, ZuluTrade, and DupliTrade (accessible via WebTrader).

Plus500

A well-regulated broker with competitive spreads

Founded in 2008, Plus500 are a highly regulated London based online trading platform specialising in leveraged CFD trades. If you are looking to trade cryptocurrencies, stocks and shares, commodities, Forex, ETFs and Indices using CFDs, Plus500 offer competitive spreads with no commissions on their mobile and desktop trading platforms. Plus500 offer negative balance protection and guaranteed stop loss orders.

you can trade only with CFDs including stock index, forex, ETF, stock, commodity and crypto. The broker offers a good range of CFDs which is wider than other brokers like eToro, XTB and others. Novice traders must know that CFDs are complex instruments that involve a high risk of losing money due to leverage. That is why it is necessary to first understand how CFDs work and if you can afford the associated risk.

HYCM

Over 60 crypto CFDs offered

Founded in 1977, HYCM is regulated in two tier-1 jurisdictions and two tier-2 jurisdictions, making it a safe broker (average-risk) for trading forex and CFDs.

HYCM has launched trading on many popular cryptocurrencies, including Bitcoin, Litecoin, and Ethereum. More recently adding Bitcoin Cash and Ripple to their cryptocurrency line-up.

HYCM is a leader in providing retail and investors with access to foreign exchange and other capital markets. At HYCM, traders can trade forex, cryptocurrencies, metals, energy products, indices, stocks, and commodities, all from a single integrated account.

HYCM, which is part of the Henyep Group, has over 40 years of operational history. It is easy to open accounts at HYCM Crypto and to begin trading all the major markets with security and comfort.

Saxo Bank

Excellent trading platforms

Founded in 1992, Saxo Bank operates multiple regulated banks and is licensed in six tier-1 jurisdictions, making it a safe broker (low-risk) for trading forex and CFDs.

The Saxo Bank Group is a leading fintech specialist that connects people to investment opportunities in global capital markets. Saxo Group provide multi-asset market access at competitive prices in all major markets. Trade FX majors, minors and exotics, plus spot metals via TradingView or trade the full suite of instruments through their award-winning platform.

Cryptocurrency trading is available through CFDs, but not available through trading the underlying asset (e.g. buying Bitcoin). Note: Crypto CFDs are not available from any broker’s UK entity, nor to UK residents. Saxo Bank and its related subsidiaries do not currently offer any cryptocurrency products to residents of Singapore.