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Best Cryptocurrency Brokers of 2020

InvestorGreg upholds the most rigorous standards for testing of brokers. We may receive compensation for advertising or for links that feature inside our reviews. Learn more about our methodology and review process.

The new financial asset class of сryptocurrencies have taken traders and investors from around the world by storm. There is so much money to be made in trading and investing in these volatile cryptocurrency assets. However, in order to be successful in this industry you must do your own research and select the best online сryptocurrency brokers to trade with. While there are many сryptocurrency brokers to choose from, they are not all best for you. They offer different сryptocurrency trading platforms, сrypto assets, order types and more. In the end its up to you of whether or not you will select the right online cryptocurrency broker and succeed at trading.

Minimum Deposit
None
Types of Trading
Options, Stock
Country
United States
Regulation
SEC, FINRA
Robinhood is a new, innovative online investing platform that was established in 2013 with $539 million of venture capital. The primary aim of this investing platform was to democratize access to the financial markets by letting investors trade in various financial instruments such as cryptocurrencies, ETFs, stocks and options commission free. The main target market of this investing platform is geared towards young individual investors that want more control over their trading activities with minimal cost. The Robinhood platform is accessible through its website and mobile trading app. There is no telephone support and only basic level services are provided and sometimes at an extra cost. Despite the no frills offering, this has not slowed down the growth of this investing platform. Today, the platform boasts of having more than 6 million registered accounts.
Minimum Deposit
$10
Types of Trading
Forex, Options, Stock
Country
Seychelles
Regulation
Not Regulated
IQ Option was first founded in 2013 as a binary options trading brokerage but has since rebranded in 2017 to provide the trading of Forex and CFDs on a wide range of asset classes. IQ Option now has 25,580,000 registered users and facilitates around 1,800,000 trades per month accounting for nearly $380 million worth of trading volume. IQ Option is truly a global online trading brokerage by servicing traders from over 60 countries and offering their services in 13 different languages. The IQ Option brokerage is based offshore in the Seychelles with their headquarters located at Global Gateway 8, Rue de la Perle, Providence, Mahe, Seychelles. Unfortunately, the IQ Option broker is not licensed or regulated by any reputable regulatory authorities. Therefore, how do you know if IQ Option can be trusted to provide fair and reliable online trading services and how are the services they provide. Find out in our in-depth IQ Option Broker review where we extensively analyze the IQ Option broker and services they provide.
Minimum Deposit
$10
Types of Trading
Forex, Options
Country
St. Vincent and the Grenadines
Regulation
Not Regulated
Olymp Trade is a very well recognized online trading brokerage and has won numerous awards from various international publications. The brokerage was founded in 2014 and is owned and operated by Smartex International Ltd. Olymp Trade offers their services to traders from around the world but is based out of St. Vincent and the Grenadines with their headquarters located at Suite 305, Griffith Corporate Centre P.O. box 1510, Beachmont, Kingstown, St. Vincent and the Grenadines. As far as regulation goes, Olymp Trade is a member of the International Financial Commission and is therefore a safe and reliable online trading brokerage. Olymp Trade continues to innovate and grow as a reputable online trading brokerage and now has more than 20,000 active traders trading each day and nearly 32,000,000 trades per month with an average trade value of $4.50. Therefore, Olymp Trade is obviously a reliable and trustworthy online trading brokerage, but are they right for you? Find out in our in-depth Olymp Trade Broker Review where we discover what makes Olymp Trade so special and analyze the quality of services they provide.
Minimum Deposit
$200
Types of Trading
CFD, Forex, Options, Stock
Country
Cyprus
Regulation
CySEC, FCA, ASIC
The eToro online trading platform is well known in the online trading industry as the platform that changed the way retail traders trade the financial markets. Established in 2006 by 2 siblings Ronen and Yoni Assia together with their business partner David Ring, eToro single handedly revolutionized the concept of social trading with the introduction of their Openbook social trading platform in 2010. Since then, eToro has expanded by leaps and bounds with the acceptance by traders of the idea of harnessing the collective wisdom of the trading community to improve their trading objectives. Since 2017, eToro has achieved more than 8 million registered users on its trading platform.  Today, the eToro brand is managed by different subsidiaries of the eToro Group. For clients in the UK, they are serviced by eToro (UK) Ltd, a company registered with the UK’s FCA with the registration number FRN 583263. For clients based in the European Economic Area (EEA), they are serviced by a Cyprus based company called eToro (Europe) Ltd. The company is authorized and regulated by the Cyprus Securities Exchange Commission (CySEC) under the CIF license # 109/10. For the Australian market, eToro operates under the subsidiary eToro AUS Capital Pty Ltd which is regulated by the Australian Securities and Investments Commission (ASIC) under the license number 491139.
Minimum Deposit
$250
Types of Trading
CFD, Forex, Stock
Country
United Kingdom
Regulation
FCA, IFSC, KNF, CNMV and CMB
XTB is a well-established online Forex and CFD trading broker with more than 14 years of experience and an international presence with offices in more than 10 countries around the world. The XTB brokerage is said to be one of the leading online trading brokerages in the world and has been awarded numerous awards for their trading services. XTB’s primary headquarters are located in the United Kingdom at Level 34, One Canada Square, Canary Wharf, E14 5AA, London, United Kingdom, and their registered company number is 07227848. Since XTB is based out of the UK, they are licensed and regulated by the UK Financial Conduct Authority (FCA) as well as the IFSC, KNF, CNMV and CMB due to their international presence. Though XTB has an excellent reputation and is praised by many, are they the right trading brokerage for you? Let’s find out in our in-depth XTB Broker Review as we uncover the facts and aspects of this lucrative online trading broker.
Minimum Deposit
$500
Types of Trading
CFD, Options, Stock
Country
United States
Regulation
SEC, FINRA
TradeStation is a broker that is based in the United States and has been operating since 1982. The Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) are both tasked with the oversight of the TradeStation offering. There is also protection of client accounts of up to $500,000. The broker has a long track record of success, with its parent company, the Monex Group having a Tokyo Stock Exchange listing. TradeStation is a broker that places an emphasis on top-quality market data and efficiently executing trades. It also focuses a lot on the customer experience right throughout the offering. You also have options to automate your trading or to engage in the stock lending program. This TradeStation review looks at all of the various aspects of this offering. It will highlight the strengths and weaknesses, allowing you to make an informed decision as to whether or not you should use the TradeStation brokerage.
Minimum Deposit
$250
Types of Trading
CFD, Forex, Options
Country
Cyprus
Regulation
CySEC, IFSC
Founded in 2010, 24Option is a leading online brokerage that offers online forex and CFDs trading services to its clients. The 24Option brand was established with the goal of providing online traders with an easy to use trading platform. The brand is managed by two different companies, Rodeler Ltd based in Cyprus and Richfield Capital Ltd based in Belize. In addition, 24Option has also endeavored to provide its clients with a wide range of financial instruments to trade with. The types of financial instruments covered by 24Option include the following: Commodities Cryptocurrencies Forex Indices Stocks The choice of these financial instruments are carefully selected by 24Option in order to cater to a global clientele. Hence, it is not surprising for you to be able to trade in major stocks that are listed on leading exchanges such as the FTSE, NASDAQ and London Stock Exchange. Access to these assets on 24Option is through the web based trading platform or the popular MetaTrader 4 (MT4) trading platform developed by MetaQuotes Software. For a better insight into what 24Option has to offer, let us take a look at the 24Option review below.
Minimum Deposit
$0
Types of Trading
CFD, Forex, Stock
Country
Australia
Regulation
ASIC, FCA
Pepperstone is one of Australia leading forex and CFD brokers, and was established in 2010. The brokerage firm was founded by two individuals by the name of Owen Kerr and Joe Davenport. Pepperstone’s head office is located in Melbourne, Australia. It also maintains an office in London in order to better serve the needs of its European based clients. Pepperstone is regulated by two of the top tiered regulatory bodies in the world, the Australian Securities & Investment Commission (ASIC) and the UK’s Financial Conduct Authority (FCA). Pepperstone specializes in offering online trading services for spot forex and CFDs through a selection of advanced trading platforms. The broker draws its appeal from the fact that it is able to meet the differing needs of traders of different skill levels. Apart from being able to serve the needs of various categories of traders, Pepperstone also cater to institutional investors. Despite being only operational for a less than a decade, Pepperstone has been considered as one of the more successful forex brokers in the industry by many key players. This is hardly surprising as it has always been the broker’s aim to leverage technology, superior services and competitive spreads as the primary driver of growth for the company.a
Minimum Deposit
$0
Types of Trading
CFD, Forex, Options, Stock
Country
United States
Regulation
NYSE, FINRA, SIPC
Interactive Brokers have been in business for more than 40 deals and they currently have capitalised equity capital of over $6 billion. Most of their emphasis is on professional and institutional investors. They now have a presence as a broker-dealer in more than 120 market destinations across the world. They have a wide range of investment products to choose from and they are responsible as a whole for more than 800,000 trades each and every day. Their headquarters is based in Greenwich, Connecticut and they have offices across North America, Europe, Asia and Australia, with more than 1,200 employees. They are regulated by the FCA, NYSE, FINRA and the SEC, as well as other global regulatory agencies. They are constantly looking to innovate and push the boundaries in the broker-dealer space. In 1017, they were one of the first broker-dealers to offer their clients access to trading Bitcoin futures for example. This Interactive Brokers broker review will look at the various aspects which makes the broker stand out from the crowd.
Minimum Deposit
0
Types of Trading
CFD, Forex, Options, Stock
Country
Netherlands
Regulation
AFM, DNB
DEGIRO is brokerage firm that has been on the scene since 2013, starting off its operations in the Netherlands. Since then, it has expanded its operations into 18 different countries across the European Union. In this relatively short space of time, it has managed to develop its offering into one of the biggest on the continent. DEGIRO is focused on pairing financial knowledge with technology in order to create an experience for traders that is cost-effective and efficient. It is always looking at different ways to innovate and improve with its offering. The company is well-respected in the industry and it is under the regulation of the AFM in the Netherlands, as well as the Dutch Central Bank. This DEGIRO review looks a variety of elements, showcasing what areas the broker performs best in and what areas can be improved upon.
Minimum Deposit
$0
Types of Trading
CFD, Options, Stock
Country
United States
Regulation
SEC and FINRA
SogoTrade is a broker that is based in St. Louis, Missouri, United States and first started its operations back in 1986. It is under the regulation of the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). It is not currently listed on a stock exchange and there is no background in banking at SogoTrade. The SogoTrade platform is also available in Chinese for users. There are a variety of different aspects of this offering. One of its main focuses is on being innovative with its offering, as well as having a lot of discounts when it comes to trading commissions. This SogoTrade review breaks down these different aspects, looking at what the platform does well and where it can improve.
Minimum Deposit
$100
Types of Trading
CFD, Forex, Options, Stock
Country
Ireland
Regulation
Central Bank of Ireland
AvaTrade is a highly respected and reputable online trading brokerage with extensive experience as they were founded back in 2006. Since their establishment, AvaTrade has seen massive growth and now serves more than 200,000 customers around the globe and executes more than 2 million trades a month which account for over $60 billion in monthly trade volume. AvaTrade’s customer base and trading volume is so massive because they are an international trading brokerage with head offices in Italy, France, Japan, Spain, Australia, Mongolia, China, Nigeria, Chile, and South Africa. However, the brokerages primary headquarters are located in Ireland at Five Lamps Place, Amiens Street, Dublin 1, Ireland. The tradable products offered by AvaTrade consists of over 250 tradable instruments including: Forex currency pairs CFD trading on bonds Stocks Indices ETFs Commodities 24/7 cryptocurrency trading. These tradeable products are available to all traders via the suite of sophisticated trading platforms featured by AvaTrade.  Let’s explore more about this broker in the AvaTrade Broker Review.
Minimum Deposit
$200
Types of Trading
Forex
Country
Australia
Regulation
ASIC
Vantage FX is a top Australian Forex and CFDs trading brokerage that provides unparalleled access to the global financial markets to traders around the world. The brokerage is very well-established as they were founded in 2009 and have won multiple awards from numerous publications. Vantage FX is an international trading brokerage but is based out of Australia with their headquarters located at Vantage FX, 29/31 Market St, Sydney NSW 2000, Australia. Since they’re based out of Australia, Vantage FX is licensed and regulated by the Australian Securities and Investment Commission (ASIC). This is a highly reputable regulatory agency and helps to ensure the broker remains transparent and fair with their trading services. With so many viable online trading brokerages to choose from, it can be difficult knowing which one to choose. Especially when there are so many fraudulent brokers in the financial trading industry. To help you better, we have conducted an extensive Vantage FX Broker Review to shine light on whether or not they can be trusted, and to help you decide if they’re the right broker for you.
Minimum Deposit
€100
Types of Trading
CFD, Forex, Options
Country
Cyprus
Regulation
CySEC, ASIC
EasyMarkets is an innovative online trading brokerage who has been revolutionizing how people trade and invest in the financial markets since their establishment in 2001. EasyMarkets was one of the first online trading brokerages to accept low initial deposits of just $25 and offer institutional level tools and services to ordinary traders and investors. Today, EasyMarkets continues to innovate by offering their clients valuable trading tools and favorable conditions such as free guaranteed stop loss, insideViewer, Freeze Rate – and their most innovative tool yet, dealCancellation. The brokerage also provides their clients with a comprehensive education centre, a selection of sophisticated trading platforms, and over 175 tradeable instruments available across the global markets. EasyMarkets serves the international markets and is based offshore with their headquarters located at P.O. Box 53742, Limassol 3317, Cyprus. Though the brokerage is located offshore, they are still trusted among many as they are licensed and regulated by both the Cyprus Securities & Exchange Commission (CySEC) and the Australian Securities & Investments Commission (ASIC). Let’s look in more details in the EasyMarkets broker review.
Minimum Deposit
$100
Types of Trading
CFD, Forex, Stock
Country
Republic of Vanuatu
Regulation
VFSC
UFX is a large and successful international online trading brokerage with extensive experience in the financial markets. The brokerage is very well-established as they were founded in 2007 and have been competently providing STP (Straight-Through-Processing) brokerage services to both retail and institutional traders and investors from around the world. The UFX brokerage is based offshore in the Republic of Vanuatu with their headquarters located at Govant Building, Kumul Highway, P.O.Box 1276 Port Vila, Vanuatu. As such UFX is licensed and regulated by the Vanuatu Financial Services Commission (VFSC) under licence number 14581. Since UFX is an offshore trading brokerage, we should probably be skeptical due to the questionable practices of offshore trading brokerages. However, UFX has built up a viable reputation and have won numerous awards for their excellence over the years. Therefore, how do you know if the UFX trading brokerage can be trusted? And how is the quality of their trading services compared with other reputable trading brokers? Find this out and more in our extensive UFX Broker Review where we analyze all aspects pertaining to this lucrative trading brokerage.
Minimum Deposit
$250
Types of Trading
CFD, Forex, Stock
Country
Belize
Regulation
IFSC
AroTrade is one of the fastest growing online trading brokerages with an asset index of over 1000 stocks, forex, commodities and indices available as CFDs. The brokerage primarily serves the average retail investor by providing low cost investment opportunities, financial education, and sophisticated trading platforms and tools to help their clients succeed. AroTrade was only recently established in 2018 and is owned and operated by Speed Solutions Ltd. The brokerage is an offshore trading brokerage as they are based out of Belize with their headquarters located at 5, Cork St, Belize City, Belize. Though they are based offshore, AroTrade thus far has a good reputation and are licensed and regulated by the Belize International Financial Services Commission (IFSC) with number IFSC/60/391/TS/17. With so many online trading brokerages to choose from and many of them being fraudulent, how do you know which one to choose? We’re here to make your decision easier with our in-depth AroTrade Broker Review where we analyze all aspects of this lucrative broker.
Minimum Deposit
$1.00
Types of Trading
CFD, Forex, Stock
Country
British Virgin Islands
Regulation
BVI FSC
IFC Markets is an internationally recognized online trading brokerage with extensive experience in the global financial markets. IFC Markets was founded in 2006 and have since been operating in compliance with the international standards for brokerage services. The brokerage is registered and incorporated out of the British Virgin Islands with their headquarters located at IFC Markets Corp. Quijano Chambers, P.O. Box 3159, Road Town, Tortola, British Virgin Islands. IFC Markets is known to be a reliable and innovative trading broker as they provide top of the line trading services and exclusive tradable instruments. The broker does their best to accommodate all types of traders whether they are novice traders just starting out or are experienced trading veterans. However, with so many viable online trading brokerages to choose from, how do you know which one is right for you? Well, in the following IFC Markets Broker Review we’ll shine light on all aspects of this lucrative trading broker so that you can decide if they’re right for you.
Minimum Deposit
$10
Types of Trading
CFD, Forex
Country
St. Vincent and Grenadines
Regulation
Not Regulated
PaxForex is a reputable online trading brokerage that was established in 2014 by a team of professional traders and investors. The brokerage specializes in the trading of Forex, Stocks, CFDs and Options and provides their traders with all of the tools and resources needed to succeed. PaxForex is owned and operated by Laino Group and is based offshore with their headquarters located at 1825, Cedar Hill Crest, Villa, Kingstown, St. Vincent and Grenadines. Though PaxForex is located offshore, the brokerage is still highly reputable and trusted by many as they serve clients from around the world and support their services in 8 different languages. While PaxForex has a good reputation, how do you know if they’re the right online trading brokerage for you and should you choose them? It can be a hard decision and we’re here to make it easier for you with our in-depth PaxForex Broker Review where we analyze all aspects of this lucrative trading broker.

What is a сryptocurrency broker?

A сryptocurrency broker is an online exchange where traders and investors can buy, sell, or exchange cryptocurrency assets for one another or for fiat currencies like the US Dollar (USD) or Euro (EUR). These types of brokers offer a cryptocurrency trading platform that’s open for trading 24 hours a day, 7 days a week.

How do сryptocurrency brokers work?

Cryptocurrency brokers are website based exchanges where traders and investors buy and sell cryptocurrencies at a price set by the broker. For instance, the customer will send cryptocurrency or fiat currency to the broker and buy or sell said currency for another at the price set by the broker.

How select best сryptocurrency broker?

The сryptocurrency industry is still very new and filled with fraudulent actors and unregulated businesses. Therefore, when choosing a сryptocurrency broker to deal with, one must select a broker very carefully. It is important to conduct extensive research into the best сryptocurrency brokers and read in-depth broker reviews.