The cryptocurrency sector has experienced drastic changes and growth over the past decade. The increase in market cap and the excellent growth of Bitcoin has seen cryptocurrency trading go mainstream with investors all over the world taking advantage of the many lucrative trading opportunities. At the start, only cryptocurrency exchanges were offering access to Bitcoin and other digital assets. These exchanges allowed people to buy, sell, store, and trade the different crypto coins. Over the years, most cryptocurrency exchanges have experienced major growth in both trading volume and the number of people that trade the available assets.
As more institutional companies started emerging into the crypto space, they started providing various services to crypto traders and investors. Cryptocurrency brokers started springing up, allowing people to trade a wide range of crypto CFDs without the need to hold these coins in online wallets. With the advent of cryptocurrency brokers, it has become much easier and more profitable to speculate on the price action of cryptocurrencies. However, with so many cryptocurrency brokers now available, choosing the best one to partner with becomes more challenging for traders. Here is a list of the top crypto traders available for you.
Table of Contents
Crypto SFS
Crypto SFS has established a name for itself as one of the leading cryptocurrency brokers in the industry. This broker, fully known as Crypto Smart Financial Services, allows traders all over the world to trade numerous cryptocurrency CFDs. The Estonian-based broker is relatively new in the industry but has become popular due to its excellent features and services. On the Crypto SFS site, traders enjoy intuitive and easy-to-use platforms, a wide range of safe and secure banking options, a demo account, exclusive webinars, market reports, advanced trading tools, and more. The fact that Crypto SFS is a regulated broker makes it more alluring to traders all over the world. Due to their regulatory status, Crypto SFS ensures that customer information and their funds are kept safe and secure at all times. At the moment, Crypto SFS focuses on providing only cryptocurrency trading services to its customers.
CLICK HERE TO READ THE FULL CRYPTO SFS REVIEW
| Pros | Cons |
| Offers numerous crypto CFDs | Focuses on only cryptocurrencies |
| Safe and secure banking | |
| Intuitive platforms | |
| Educational resources |
Elcurrency
Elcurrency is a cryptocurrency broker that is unique. Unlike the other popular brokers in the industry, Elcurrency has drawn attention and became a customer favorite due to its effective trading tools and features. On Elcurrency, traders can use some of the powerful and advanced trading strategies available to them to trade Bitcoin, Ethereum, and a host of other cryptocurrencies. This broker always cooperates directly with its traders to ensure amazing success for all parties involved. To help beginners learn more about the crypto space, Elcurrency has an expansive education and training center. Elcurrency focuses on only providing cryptocurrency trading services at the moment. Its focus on digital currencies has made it one of the best cryptocurrency brokers in the world. The extra trading features, tools, secure banking options, and intuitive trading platforms also makes Elcurrency an excellent choice for people that wish to focus only on cryptocurrency trading.
READ THE FULL ELCURRENCY REVIEW HERE
| Pros | Cons |
| Available trading strategies | Focuses only on crypto trading |
| Wide range of cryptos | |
| Secure banking options | |
| Educational center |
eToro
When it comes to social financial asset trading, eToro is probably the number one platform in the world. eToro is one of the top cryptocurrency brokers in the world, granting people access to numerous cryptocurrencies and other financial assets. eToro has been offering its services for more than a decade and is recognized as a leader in the online trading space. As a regulated broker, it has become the top social trading network, with millions of registered users, and intuitive trading platforms. The broker gives users the opportunity to copy the trades of the established traders, making it possible for even newbies to make money immediately as they start trading. On eToro, asset trading is not limited to cryptocurrencies only. Traders have access to other financial assets such as currencies, commodities, stocks, indices, and ETFs. The heightened security and numerous secure payment options are other attractive features of eToro.
READ THE FULL ETORO REVIEW HERE
| Pros | Cons |
| Offers crypto trading | High FX trading fees |
| Supports other assets like stocks | Only one account base currency |
| Leading social trading network | |
| Regulated broker | |
| Top trading tools and assets |
EverFX
This is an international cryptocurrency broker that offers traders access to over 130 financial instruments from six asset classes. EverFX is a fully regulated broker that offers brokerage and trading services to both retail and institutional investors. As a global platform, EverFX has always focused on providing professional and reliable services, including intuitive trading platforms, secure banking options, newsroom, and more. Asides cryptocurrencies, EverFX supports the trading of various financial assets like stocks, forex, energies, indices, and metals. All these assets are available as CFDs, allowing traders to speculate on their price action and earn massive profits in the process. On EverFX, users have access to both the MetaTrader 4 and MetaTrader 5 trading platforms. Each of these platforms comes with effective trading charts and tools, making the trading process easier for users.
READ THE FULL EVERFX REVIEW HERE
| Pros | Cons |
| Supports crypto trading | Not available to US traders |
| Stocks, commodities, metals, and more | Does not have an educational center |
| MT4 and MT5 platforms | |
| Newsroom available |
EuropeFX
EuropeFX has been a CFD trading platform since 2013 and over the past few years, it has established itself to be one of the top cryptocurrency brokers in the industry. This broker has gained popularity as a result of its STP (Straight Through Processing) business model, which ensures that customer interests are always protected on the platform. EuropeFX boasts strong platforms that have excellent trading tools and other relevant features. As a regulated broker, EuropeFX abides by the regulations put in place by regulators such as CySEC, FMA, and more. In addition to cryptocurrencies, you can trade other assets like stocks, forex, and commodities. As a regulated entity, EuropeFX provides adequate security on their site that ensures the safety of customer funds and personal data. EuropeFX also supports the MT4 trading platform, which is the most widely used platform due to its intuitive trading features.
READ THE FULL EUROPEFX REVIEW HERE
| Pros | Cons |
| Allows crypto trading | A limited number of assets |
| Supports other asset classes | |
| Regulated broker | |
| Supports MT4 |
eXcentral
eXcentral is a leading cryptocurrency broker that allows people to trade a wide range of cryptos. This is a South African broker that has made a name for itself in the CFD brokerage business. They offer traders an array of tools, services and features needed for them to trade accurately and profitably. As a regulated broker, eXcentral provide secure banking options, making it safe for people to deposit and withdraw their funds on the platform, while also carrying out other financial transactions. The broker offers extensive trading analysis on its assets, which include, market summary, daily chart analysis, market news, economic calendar, price charts, trend analysis, and more. It supports the MT4 platform, which comes with its unique trading tools and charts. In addition to cryptocurrencies, users can trade forex, shares, indices, and commodities on eXcentral.
READ THE FULL EXCENTRAL REVIEW HERE
| Pros | Cons |
| Offers crypto and forex trading | A limited number of asset classes |
| Extensive asset analysis | |
| Educational center | |
| Regulated broker |
Pepperstone
Pepperstone has been one of the leading Australian brokers in various markets. Although it is based and regulated in Australia, Pepperstone has become a global platform that has set out to provide excellent trading services. The platform was built to ensure swift order execution, access to thousands of financial instruments, to offer low-cost spreads, and to provide low pricing, thanks to the superior technology they deploy. Pepperstone allows people to trade a wide range of cryptocurrencies, including BTC and ETH. However, it also supports the trading of other financial assets, such as commodities, shares, forex, indices, and the US Dollar Index. Pepperstone provides services to thousands of traders globally and they process over $9 billion in daily transactions for its users. Traders enjoy partnering with Pepperstone because they offer secure banking options, access to an intuitive trading platform, educational resources, effective trading tools, as well as responsive and professional customer service.
READ THE FULL PEPPERSTONE REVIEW HERE
| Pros | Cons |
| Offers cryptocurrency trading | No fundamental data |
| Supports other assets | Basic news flow |
| ASIC regulated broker | |
| MT4, MT5, and cTrader | |
| Tight spreads and low commissions | |
| Learning center |
FP Markets
FP Markets has made a name for itself as an innovative forex CFD broker. However, the broker also offers cryptocurrency trading services to traders all over the world. FP Markets is focused on creating a single destination for people to trade a wide range of assets, including forex, equities, indices, commodities, futures, and cryptocurrencies from a single account. As such, they have been attracting customers with their unique pricing, swift order execution, cutting-edge trading platforms, wide product range, market analysis, and superb customer service. By supporting the MT4 platform, FP Markets allow traders to unlock numerous charting and trading tools that help ease the trading process. They also offer secure banking options, an expansive educational center, and several other effective features. FP Markets is one of the largest crypto brokers in the world, as the platform processes over $1 billion in daily transactions.
READ THE FULL FP MARKETS REVIEW HERE
| Pros | Cons |
| Supports crypto trading | Live chat not available 24/7 |
| Forex, stocks, and commodities | Not available globally |
| MT4 and MT5 available | |
| High leverage | |
| Auto entry and exit positions | |
| Offers ten base currencies | |
| ASIC-regulated broker |
KronosInvest
When you partner with KronosInvest, you are dealing with one of the leading cryptocurrency brokers in the world. It is an international broker that provides trading services and facilities for all trader categories. On KronosInvest, you can start trading as a scalper, day trader, swing trader, or position trader. Although it has become a popular cryptocurrency broker, you are also able to trade other assets like forex, indices, commodities, and stocks. KronosInvest has been able to consistently win over new users thanks to their effective technical and fundamental analysis which is conducted by their experts and experienced financial advisors for their traders. Although KronosInvest was established in 2010, they have experienced a massive growth that has seen them become a global brand, with traders signing up from all parts of the world. The intuitive trading platforms, secure banking options, and excellent trading tools and charts make it an ideal broker to partner with.
READ THE FULL KRONOSINVEST REVIEW HERE
| Pros | Cons |
| Supports crypto and other asset classes | Not available to U.S traders |
| Auto and copy trading | Customer support is not 24/7 |
| Instant order execution | |
| Free demo account |
Mentor FX
Owned by Mentor Corp, Mentor FX is a rapidly growing CFD provider, offering access to over 2000 financial instruments, including cryptocurrencies. Mentor FX is one of the most highly rated CFD brokers, as their trading platform is simple to use yet powerful, thanks to its numerous advanced trading features. By providing customers with effective trading tools and features, Mentor FX has been able to increase its liquidity and attract new customers. A vantage point for using Mentor FX is that it deploys a web trading platform tailored for beginners. Users get access to a personal account manager in addition to dedicated trading coaches. The bonuses and high leverage also make Mentor FX a top choice for not only trading cryptocurrencies but also forex, commodities, indices, and ETFs. Mentor FX deploys excellent security protocols to ensure the safety of user funds and the confidentiality of their private information.
READ THE FULL MENTOR FX REVIEW HERE
| Pros | Cons |
| Supports more than 2000 assets | Supports only WebTrader |
| Provides crypto trading | |
| Account managers and trading coaches |
How to Choose the Right Crypto Broker
Since there are many brokers offering cryptocurrency trading services at the moment, it becomes challenging for traders to determine the best one to partner with. However, it is easier to choose the best crypto broker that will meet your trading needs and preferences by reading reviews that help compare their services. Take the time also to check the services and features of a broker including their regulation status, trading platform, educational resources, trading tools and customer service. Also, another good idea is to check if the broker you prefer offers a demo account. Use the demo account to familiarize yourself with the broker’s platform before you invest your hard-earned cash. Check the terms and conditions of the broker carefully and ensure that the broker offers all the tools you need to guarantee your trading success.
What is a Cryptocurrency?
Cryptocurrencies are digital assets which were designed to serve as a medium of exchange for goods and services. Cryptos carry out a similar function to regular fiat currencies, however, they are virtual. The advent of cryptocurrencies was to improve on the current financial system and while they were not initially widely accepted, this has changed drastically over time. With cryptocurrencies, the coins are protected by cryptographic technology, and transactions are approved by a network of computers around the world, making it almost impossible to double-spend or carry out fraud on the network. With cryptocurrencies, regular and cross-border transactions become faster, cheaper, easier, and safer. Transactions on the crypto networks are recorded on a ledger called the blockchain. Each chain is connected to the other and recorded publicly to allow people to see details of the transaction. In this way, there is full transparency within the cryptocurrency networks.
While most cryptocurrencies are serving currency purposes, others have been designed to help facilitate other activities in various industries, such as smart contracts and asset holding. Thanks to their features, cryptocurrencies have recorded great achievements in several sectors of the global economy, and they continue to grow in acceptance, popularity and value daily.
Top 5 Popular Crypto Cryptocurrencies
Bitcoin
Bitcoin was the first digital currency to come into existence. Created in 2008 and launched in 2009 by Satoshi Nakamoto, Bitcoin has been the leading cryptocurrency in terms of price and market cap since the beginning. It remains the entry point for most retail and institutional investors. Bitcoin uses the PoW (proof of work) protocol where miners are needed to mine the coins and approve transactions on the network. With a market dominance of over 60%, Bitcoin accounts for more than half of the entire cryptocurrency market cap.
Ethereum
Ethereum (ETH) has been perhaps the most influential cryptocurrency in the world, only second to Bitcoin. As the second-largest crypto, Ethereum and its smart contracts network has laid the foundation for the current crypto market as several projects were and are still deployed on its blockchain before they conduct their own mainnet. Ethereum is the most popular decentralized app (dApp) platform in the world, with the ETH coin currently the second largest in terms of market cap.
Litecoin
Often regarded as the Bitcoin sister, Litecoin was one of the earliest cryptocurrencies to be launched right after Bitcoin went live. The cryptocurrency, created by Charlie Lee, was established to improve some of the defects of Bitcoin and serve as the ultimate payment cryptocurrency in the world. Litecoin has always focused on making daily transactions easier for both retail and institutional users. Over the past decade, Litecoin has remained one of the top cryptocurrencies in the world.
Binance Coin (BNB)
It is surprising that Binance was not a name in the crypto space prior to 2017, but it has suddenly become a household brand amongst cryptocurrency enthusiasts. Binance is currently the world’s leading crypto exchange on various fronts. Its native cryptocurrency, the Binance Coin (BNB), quickly rose to become one of the leading cryptos, thanks to its various features. With the BNB coin, you can pay for discounted transactions on the exchange and take part in token sales on the platform.
Monero
Monero remains the most popular privacy-focused cryptocurrency in the world. This cryptocurrency was created to allow people to carry out transactions anonymously. Monero uses a wide range of techniques to hide the identity of the users and other transaction details. Due to its features, Monero has gained widespread use in industries, such as pornography and the dark web. However, it remains one of the leading cryptocurrencies in terms of market cap, and it continues to gain adoption in other areas of the digital economy.
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