Learn which of the many cryptocurrency brokers out there are most popular among traders because of the low spreads, great commissions and favourable trading conditions.

Regulations

Selecting and trading through a regulated Crypto broker is vital. Of the many regulatory bodies, the most common are CFTC & NFA in the USA; FCA or FSA in the UK; CySEC in Cyprus.

Low Costs

Regardless of how profitable your strategy is, unless you select a cryptocurrency broker that offers small spreads, commissions and low swap fees, you’ll find it difficult to generate good profits.

Reviews

Before selecting your crypto broker, you should do some research in the form of reviews written by existing clients. Doing this will ensure you are well informed about the crypto broker’s performance and ethics before making a decision to join them.

We have prepared a list of cryptocurrency brokers that you will find below. These are crypto brokers that have been tested by ourselves, as well as thousands of our students. Of course, there are hundreds of others out there, and ultimately, the choice of broker to trade with remains yours, but before you risk real money, it is essential to test each cryptocurrency broker by setting up and trading on a risk-free demo account

When selecting whether to use MT4 or MT5, keep in mind that if you want to use hedging accounts, EA Studio would be best. FSB Pro only works with netting accounts on MT5. However, if your preferred platform is MT4, both FSB Pro and EA Studio would work perfectly.

Recommended Cryptocurrency Brokers

Broker Regulator EURUSD Spread Pros Cons Rating Open Account
HotForex
Hot Forex Broker Logo
CySEC, DFSA, FCA, FSA,FSC, FSCA 1.0 pips
(0.0 pips in Zero Spread Account)
  • Variety of contests and bonuses
  • CFDs for BTC, ETH, LTC, XRP
  • +1000 different assets
  • Only MT4 and MT5 platforms are offered
4.8
Read review
Open Account
Pepperstone
Pepperstone Broker Logo
ASIC, FCA, Tier-1 & Tier-2 1.0 pips
  • Strict Regulations
  • Lowest Spreads for Crypto
  • Great support for the traders
  • High trading requirements for Premium Clients
4.7
Read review
Open Account

Cryptocurrency Exchanges

Broker Regulation Users Traded Country Rating Register
Coinbase
Coinbase Cryptocurrency exchange
NY BitLicense 30M+ $150B+ USA 4.5 Open Account

Why did we choose these Crypto brokers?

Selecting a trusted crypto broker is now much easier. After receiving many requests from our students and traders, we heeded the call and created a new page on our Forum specifically to list the brokers we have personally tested. You can find the list right here.

Using the list provided, new traders can confidently select a tested cryptocurrency broker, and avoid the many scam brokers operating out there. Once you have tested any of the crypto brokers, please share your experiences so others can benefit too.

Our team, as well as many of our students personally test each of the crypto brokers on the list, and share their experiences. Please do the same, whether it’s good or bad. We will continue to test brokers, and update you as we do.

More tips when choosing a Crypto broker

A great way to initially test your selected cryptocurrency broker is to open a demo as well as a live account. Don’t fund your live account just yet. Select an EA, and run a backtest in both accounts. Your results should be the same. If they’re not, this means that the broker does not provide the same quotes on their demo and live platforms, and your results on your live account won’t match your demo account.

Once you have opened a live account, fund it using the smallest amount allowed by the crypto broker, and trade the smallest possible lot sizes. Once a few trades have closed, try to withdraw some of the funds using the withdrawal options available, to ensure this is an easy and smooth process with no headaches.

Should you choose to trade with EAs, start by trading many EAs trading the smallest possible lot sizes – 0.01 if you can. Run the same EAs with the same lot sizes on your demo account simultaneously and compare the results to ensure they are almost identical.

Don’t rely on just a single broker for your trading. Open accounts with several. By doing this, you can move between them easily, and if needed pause one while the others continue trading. Additionally, you will be able to access historical data from several sources for comparison.

Always be aware of your cryptocurrency broker’s performance and operating procedures. Even a trusted crypto broker that has been performing in a fair and open manner for a long time can quickly change, affecting your trading.

Selecting any of the crypto brokers from the forum may result in the Academy receiving a small referral fee. Rest assured, all of these small amounts are invested back into the Academy, and used for purchasing better recording and editing equipment, ensuring we can give you, our students, the best possible learning experience.