Top Brokers For Online Cryptocurrency Trading - June 2018

Find the best Broker for you & Start trading instantly!

June 2018
Show Only:
Advertiser Disclosure
Top8forexbrokers.com is an independent professional comparison site that provides users with free and valuable information on leading Forex brokers. Top8forexbrokers.com is supported by referral fees from listed companies. We do not provide a listing of each and every company in the market. We do not guarantee 100% accuracy of the information. The information which appears on this site is subject to change at any time. We aim to help users make an informed choice that best suits their particular needs.
RANK
BROKER
SPECIAL
OFFER
MIN
DEPOSIT
SPREADS
FROM
USER
SCORE
MAX
LEVERAGE
REGULATION
TRADABLE ASSETS
START
TRADING
1
No Bonus
$ 10
20 USD
25:1
CySEC
2
Deal Cancellation Within an Hour
$100
25 USD
10:1
CySEC, ASIC
Special Features
  • dealCancellation
  • Market News
  • Trading Charts
  • Trade Simulator
  • Financial Calendar
Cryptocurrencies
Platform & Devices
  • easyMarkets Web
  • easyMarkets MT4
  • easyMarkets for iOS
  • easyMarkets for Android
3
Free Demo Account
$100
20 USD
10:1
CySEC, FSB
Special Features
  • Crypto Weekend Trading
  • Daily Analyst Recommendations (DAR)

  • Events & Trade
Cryptocurrencies
  • Bitcon
  • Ethereum
  • Litecoin
  • Dash
Platform & Devices
  • Markets.com Trader
  • Meta Trader 4
4
Zero Commissions
$100
30 USD
5:1
CySEC
5
No Bonus
$200
25 USD
10:1
CySEC, FCA (UK)
6
Demo Contest Prize $24,000
$100
20 USD
83
10:1
CySEC, IFSC
7
up to 50% up to $20,000
$100
12 USD
20:1
FSA, BVIFSC, ASIC, CBI
8
100% Up to $600
$200
20 USD
5:1
ASIC , FCA
1
No Bonus
97
Users Score
2
Deal Cancellation
95
Users Score
3
Free Demo Account
92
Users Score
4
Zero Commissions
89
Users Score
5
No Bonus
86
Users Score
6
Demo Contest
83
Users Score
7
up to 50%
80
Users Score
8
100%
77
Users Score
Advertiser Disclosure
Top8forexbrokers.com is an independent professional comparison site that provides users with free and valuable information on leading Forex brokers. Top8forexbrokers.com is supported by referral fees from listed companies. We do not provide a listing of each and every company in the market. We do not guarantee 100% accuracy of the information. The information which appears on this site is subject to change at any time. We aim to help users make an informed choice that best suits their particular needs.

Why to trade Cryptocurrencies and not just buy them?

 

If you are reading this, you probably heard about cryptocurrencies and know their value is generally on the rise, many people want to join and buy them in order to make a profit when their value goes up, here are a few reasons why you should buy them via trading broker if you are a profit seeker..

 

1. It is faster, way faster..

While it can take up to 2 weeks to open and fund an account with exchanges like Coinbase (4-7 days to verify your bank account and another 4-7 days to fund it), it is super fast to start trading cryptocurrencies with online trading brokers. In a matter of couple of hours you will have the ability to start buy and sell your cryptocurrencies, therefor making this option the best one when it comes to catch the current wave in order to try to profit from it.

 

 

2. You can potentially make a profit even when the value of the altcoin falls (Short Option).

The most basic way to profit from anything is to buy it cheap and sell in a higher price, therefor, making a profit. Alternatively, you can do the opposite, sell first when the price is high and buy it later when it become cheaper and again, make a profit.

 

Online trading brokers are the only financial bodies which lets you go short on cryptocurrencies and potentially profit when they goes down.

  

 

3. Altcoins are highly volatile.

When trading online, traders making their profit when there is a big differences in the value of a trading asset (such as USD, Gold or Bitcoin..) in a short period of time, giving them the opportunity to buy and sell with a profit in those opportunity windows. Cryptocurrencies are highly volatile and therefor having a lot of trading potential in them, while the markets is swinging the keen eyed traders can enjoy a lot of opportunities to make a good trade.

 

 

4. You can trade all major altcoins.

No matter if you are looking to trade Bitcoin, Litecoin, Ethereum, Ripple, Dash and so on, If the altcoin is big enough, you can trade it with a good broker.

 

BTC/USD Live Rates
Latest Expert Reviews Summary:
"A buddy of mine recommended IQ Option to me and I've been very pleased with my service thus far"
Score: 9 Written on: 18.11.2017
Pros
  • Thousands of investment options in financial instruments
  • Regulated by CySEC
  • Demo trading account
  • Minimum account balance of $10 and trade starting at $1
Cons
  • No apparent bonuses or friend referral offers
  • Platform can be a bit buggy
"Very impressed by the service at AvaTrade and highly suggest them to new and experienced traders alike"
Score: 9 Written on: 12.11.2016
Pros
  • 400:1 leverage
  • Tight spreads
  • Multiple trading platforms (AvaTrader, MT4, mobile and others)
  • Powerful tools and resources available
Cons
  • Deposit and Withdrawal information limited on the website
  • Fewer currency pairs compared to other brokers
  • Limited bonuses and promotions
"As an experienced trader, I've enjoyed working with Markets.com They offer great options and low spreads ."
Score: 9.5 Written on: 01.11.2016
Pros
  • 200:1 leverage on Forex Trades
  • Comprehensive education center
  • Practice Account available to traders
  • Multiple platforms to choose from including MetaTrader 4
Cons
  • Does not accept U.S. traders
  • Live chat is only available 24/5
  • Information on bonuses is scant
How to Choose the Right Broker?

Top8ForexBrokers.com helps you compare and choose your preferred online trading Broker.

We suggest keeping the following checklist in mind when making your decision:

  • Is the Broker regulated?
  • Account Details: Ideally, your broker should offer either a selection of account types or some element of customizability. Competitive spreads and easy deposits/withdrawals are good indicators too. 
  • Number of Currency Pairs offered: The variety of currency pairs on offer, as well as the quantity, should be considered (the more of both, the better).
  • Availability of Customer Service. 
  • Quality of the Trading Platform: look for a platform that is easy to use, straightforward and offers a collection of technical and analytical tools to enhance your trading experience. 

Online Trading Goes Digital Currencies with Bitcoin

Bitcoin trading has come into its own in recent years. As the world’s preeminent digital currency, Bitcoin or BTC is internationally accepted by merchants, traders and customers alike. As a cryptocurrency, Bitcoin is in a unique class. The actions of central banks or governments do not determine the demand or supply of BTC; it is governed by a complex algorithm that caps its production at 21 million coins.

 

BTC can be traded alongside fiat currencies (traditional currencies) online, and it is rapidly gaining in popularity in the virtual trading arena. Traders across Europe, the United Kingdom, and elsewhere are showing increasing interest in Bitcoin trading for many different reasons. It is especially popular with CFD trading (contracts for difference), and a wide range of reputable trading platforms and brokers now offer BTC as one of their assets. It fits into the currency category, alongside other Forex pairs such as the USD/CAD, GBP/EUR, USD/JPY, USD/ZAR etc.

 

 

Why is Online Bitcoin Trading So Popular?

Reputable trading sites offer competitive leverage with BTC trading in a CFD format. It is common for traders to enjoy 20:1 leverage ratios, with trades starting from as little as €100/$100/£100. It behooves traders to select fully regulated, licensed, and reputable trading brokerages with Bitcoin trading, since these guarantee safety, security, and recourse in the event of errors. As one of the more recent additions to the range of tradable assets, Bitcoin is truly unique.

 

It was created by Satoshi Nakamoto back in 2009 and was intended to be used as a peer-to-peer money transfer system. It is 100% safe and secure to transfer BTC from one person to another, for investment purposes, merchandise, trading etc. All traders have the benefit of complete anonymity when purchasing BTC. Recall that it is not governed by the actions of central banks. This means that no monetary authorities can increase or decrease its supply. Since there are no transactions fees levied on BTC transfers, it is easy to make payment or receive payment with this option.

 

 

Bitcoin Valuations Rise Relative to Fiat Currencies

As far as online trading of BTC goes, clients at all regulated brokerages can use their Bitcoin wallets to transfer BTC into their trading accounts. This can be used to purchase fiat currency, commodities, indices, equities and other currency pairs. These digital currency units are mined with powerful computers and complex software. It takes time to do this, and this is precisely the reason why Bitcoin is so rare. Production will be capped at 21 million coins, after which time there will be no additional production. This finite commodity is not dissimilar to other commodities like silver, copper, gold, platinum, and the like.

 

As its rarity increases and demand increases, so the price of BTC skyrockets. Consider that in 2009, it was possible to purchase 1,309 Bitcoin with $1. Fast-forward 9 years 1 Bitcoin is worth $2,783.97. This dramatic reversal is testament to the value that people place in this digital currency. The global economy is fast moving towards a cashless society, and BTC is at the forefront of this revolution. Traders are wasting no time and cashing in on its popularity by trading it against the multiple currencies and commodities. For example, XGB/BTC, MOON/BTC, BTC/INR, BTC/CBY, BTC/EUR, CBX/BTC and DOGETH/BTC are common cryptocurrency pairs.

 

 

How to Trade Bitcoin Against Other Currencies?

Bitcoin can be traded in much the same way as other currencies. The main determinants of BTC trading include the economic calendar of events that will affect fiat currencies like the USD, EUR, JPY and ZAR. For example, central bank decisions, GDP forecasts, NFP data, inflation figures, Consumer Price Index (CPI) data, consumer confidence reports, producer price inflation figures and others need to be considered. Regulatory changes by governments can also impact the value of Bitcoin, by increasing or decreasing demand respectively.

 

Overall, there is significant interest in trading Bitcoin and a multitude of credible trading platforms now make this possible for everyone.

AltCoins Live Rates - Ripple
Ethereum
Litecoin
Bitcoin Cash