Top 3 Online Trading Platforms For CryptoCurrencies
Below you will find our top 3 ranking of the most popular CFD trading platforms that offers trading in stocks.
Important points to be aware of when choosing an online trading platform
- Platforms that only let you open positions with an expiration date. The risk with this is that you risk your position being automatically sold / closed at the date of the expiration. This can cause you to realize unwanted losses.
- Platforms that only let you trade in assets where you are charged with expensive overnight fees when you choose to hold a position more than one business day.
- Platforms that hide high fees through large “spreads” (large differences in buying and selling rates).
- Platforms that do not allow you to open positions without gearing (leverage). Gearing comes with a high risk, where negative price developments, in relation to your positions, will hit you extra hard.
- If the platform only let you trade with gearing, then keep in mind that all CFDs, when trading with gearing, have a daily interest charge whenever a position is held overnight.
- Make sure that the broker is under an official regulation authority.
- If you are receive a call or email from a broker that invites you to sign up for a platform then you should be very cautious. Reputable brokers do not need to make cold calls or send out email spam. Any form of unsolicited approach should be treated with extreme suspicion.
- Be aware of the danger of price and market manipulation in small platforms with a pool of few clients. Our general recommendation is to choose an established provider with a strong regulation and stay away from new brokers with no history.
There is a large selection of different online trading platforms for cryptocurrencies, and many of them should be avoided. Our ranking list gives you an overview of the most popular platforms with pros and cons – to make it easy for you to choose.
Note: Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. You should consider whether you can afford to take the high risk of losing your money.
Cryptocurrency toplist ranking:
Advantages:
Is today the only CFD platform that gives you the option to invest directly in cryptocurrencies without gearing, where you are owning the underlying asset directly and not through a CFD contract.
Zero commission fee.
Offers a multi-cryptocurrency wallet, with multi-signature security. This makes storage more simple and secure.
Advanced yet simple to use copy trading (social trading) options.
Strong regulation, experienced broker.
Easy to withdraw money.
Let you trade within the 16 most popular cryptocurrencies.
Is currently the most user-friendly platform where you can trade cryptocurrencies.
Disadvantages:
The verification process to secure your account may take a few days. However, you have the option to trade up to $ 2,000 immediately before the verification process of the account has been completed.
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. {etoroCFDrisk}% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.
# 2
Fordeler:
Among the platforms with the largest selection of crypto currencies.
Low spreads.
Disadvantages:
Complicated to get started if you do not own cryptocurrency from earlier.
Does not allow you to buy cryptocurrency for ordinary money, so you first need to buy cryptocurrency another place.
Difficult to have an overview of the profit of the cryptocurrency you own.
Difficult to have an overview of the profit of the cryptocurrency you own.
CFDs and cryptocurrencies are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs and cryptocurrencies work, and whether you can afford to take the high risk of losing your money.
# 3
Fordeler:
One of the most widely used platforms for cryptocurrencies.
Established broker.
High fees when buy and sell.
Not many supported cryptocurrencies.
Deposit with Visa card is charged with high fees.
CFDs and cryptocurrencies are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs and cryptocurrencies work, and whether you can afford to take the high risk of losing your money.
Score: -/10
Disadvantages:
Did not qualify to be ranked in our top 3 list in this category.
In particular, we would like to point out that cryptocurrencies can only be traded through CFDs on this platform.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76,4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Score: -/10
Disadvantages:
Did not qualify to be ranked in our top 3 list in this category.
Score: -/10
Disadvantages:
Did not qualify to be ranked in our top 3 list in this category.
Score: -/10
Disadvantages:
Did not qualify to be ranked in our top 3 list in this category.
Score: -/10
Disadvantages:
Did not qualify to be ranked in our top 3 list in this category.
Score: -/10
Disadvantages:
Did not qualify to be ranked in our top 3 list in this category.
Score: -/10
IQ Option
Disadvantages:
Did not qualify to be ranked in our top 3 list in this category.
Score: -/10
Bitstamp
Disadvantages:
Did not qualify to be ranked in our top 3 list in this category.
Score: -/10
FXPro
Disadvantages:
Did not qualify to be ranked in our top 3 list in this category.
Score: -/10
Avatrade
Disadvantages:
Did not qualify to be ranked in our top 3 list in this category.
Score: -/10
CMC Markets
Disadvantages:
Did not qualify to be ranked in our top 3 list in this category.
Score: -/10
Saxo Bank
Disadvantages:
Did not qualify to be ranked in our top 3 list in this category.
Score: -/10
ForexTime
Advantages:
No commission fees.
Low-cost trading.
Disadvantages:
Did not qualify to be ranked in our top 3 list in this category.
Score: -/10
ETX Capital
Disadvantages:
Did not qualify to be ranked in our top 3 list in this category.
Score: -/10
FXCM
Disadvantages:
Did not qualify to be ranked in our top 3 list in this category.
Score: -/10
Libertex
Disadvantages:
Did not qualify to be ranked in our top 3 list in this category.
Score: -/10
HYCM Henyep Markets
Disadvantages:
Did not qualify to be ranked in our top 3 list in this category.
Score: -/10
XTB
Disadvantages:
Did not qualify to be ranked in our top 10 list in this category.
Score: -/10
SpreadEX
Disadvantages:
Did not qualify to be ranked in our top 3 list in this category.
Score: -/10
EasyMarkets
Disadvantages:
Did not qualify to be ranked in our top 3 list in this category.
Score: -/10
XM
Disadvantages:
Did not qualify to be ranked in our top 3 list in this category.
Score: -/10
CFD Global
Disadvantages:
Did not qualify to be ranked in our top 3 list in this category.
Score: -/10
London Capital Group
Disadvantages:
Did not qualify to be ranked in our top 3 list in this category.
Score: -/10
City Index
Disadvantages:
Did not qualify to be ranked in our top 3 list in this category.
Score: -/10
Pepperstone
Disadvantages:
Did not qualify to be ranked in our top 3 list in this category.
Score: -/10
Think Markets
Disadvantages:
Did not qualify to be ranked in our top 3 list in this category.
Score: -/10
Core Spreads
Disadvantages:
Did not qualify to be ranked in our top 3 list in this category.
Conclusion
eToro is our platform winner. This platform currently has more than 17 million users and is a regulated and secure platform.
Here are some of the reasons why we scored the eToro platform as our #1 choice:
- Is currently the only CFD platform that gives you the choice to trade 15 cryptocurrencies without gearing, where you own the underlying asset directly and not through a CFD contract.
- Gives you the option to trade with or without gearing.
- Have developed and launched a multi-cryptocurrency wallet, with multi-signature security. This makes storage more simple and secure.
- Offers a crypto-currency fund, which is actively managed by eToro’s investment committee and rebalanced every month.
- Advanced yet simple to use copy trading (social trading) options.
- eToro also offers the world’s largest social trading network through their platform, where you can easily follow and copy other successful traders. When those investors trade, his or her copy traders mirror the trade in real time. We see a great benefit with this idea, as those investors are trading with their own money and are getting paid per month for the people who follow them. They aren’t fund managers sitting elsewhere and working with yours.
How to get started?
The first thing you need to do is go through a verification process to make sure you are you. Once you have done this, you can transfer money with your visa card. Then you are ready to make your first trade.
The platform lets you either find the assets you want to trade by yourself, invest in one the funds or copy other investors by following them and copying them in real-time. This sharing functionality, being able to follow what other successful traders do, is probably the main reason why eToro is currently used by more than 6 million people in the world.
Try our platform winner eToro, without any obligations
Through eToro’s platform you can trade 16 of the most popular cryptocurrencies.
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. {etoroCFDrisk}% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.
eToro in the press
"The best returns occur when investors are plugged into diverse social groups that enable them to collide with information from multiple networks. In the social media world, as in real life, it pays to hover on the edge of cliques – but not get slavishly sucked into just one."
"Internet social networks that let users follow investments the way they track status updates on Facebook are attracting record interest, turning top performers into market stars for individual investors."
"eToro has evolved into such a big network, it has become a rich information source."
"Those with less expertise might like to try a platform called eToro, which allows customers to copy “star traders” directly, and can make traders of even the least informed of punters."
Beware of CFD trading platforms where the positions get an expiration date. In these platforms, the positions can be automatically closed with losses.
Disclaimer / Risk Disclaimer
Investortoplist.com is a comparison page that provides users with free information on different online trading platforms that offer CFDs and cryptocurrencies. It's not a complementary presentation, and there are other providers on the market. This site contains affiliate links to help finance the work with this comparative service. We do not guarantee 100% accuracy of the information. The information which appears on this site is subject to change at any time.
We have given scores according to our preferences, where we have taken into consideration factors like regulation, range of markets, fees, platform user interface, popularity, available analysis and charts, customer service, access to education and company reputation.
This website is not responsible for any loss resulting from using the information on this website. It is not guaranteed that information on this website at any time is correct.
This website does not offer financial advice. Contact professional advisors if you wish for such a service. The content on this website should not to be considered as an investment advice. Trading on the platforms ranked on this site may not fit you.
Keep in mind that many of the platforms presented only let you trade with gearing.
Risk Warning
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. It also places you at risk of losing more than your initial investment, meaning you could end up owing money to the firm.
You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. Past performance is no indication of future results.
Please consider the risk and current user agreements before using any trading platforms / CFD services. Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.
Real-time data from Tradingview.com
Data that is presented on this website is provided by Tradingview.com. This website is not responsible for any loss resulting from using this data and it is not guaranteed that the data at any time is correct. Forex and crypto data is real-time, while other data normally has a 15 minute delay.
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