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Best Bitcoin Brokers for 2022

Steven Hatzakis

Written by Steven Hatzakis, Blain Reinkensmeyer
Edited by John Bringans
Fact-checked by Joey Shadeck

October 13, 2022

The ForexBrokers.com annual forex broker review (six years running) is the most cited in the industry. With over 50,000 words of research across the site, we spend hundreds of hours testing forex brokers each year. Here's how we test.

Now over 12 years old, bitcoin continues to grow and mature as an alternative asset, and is considered by many to be like a digital version of gold.

After peaking at over $18,000 per coin in late 2017, bitcoin retreated in price, and then surged back to claim record price highs above $69,000 in November 2021. As of publishing, the total value of all bitcoin is nearly $1 trillion, representing a significant portion of the entire cryptocurrency market — which is $2.36 trillion as of December 2021.

This guide explains what bitcoin is and how to buy it, and summarizes the best cryptocurrency brokers for trading bitcoin CFDs.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65% and 82% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

What is bitcoin?

Bitcoin is a form of public internet money or electronic cash, known as cryptocurrency. It was launched in January 2009 after its design was published in a white paper. Bitcoin's supply is limited, and every bitcoin comes into existence through mining, where anyone from the public can verify transactions to help secure the network.

Bitcoin behaves very much like a commodity, due to its limited supply and because of the intense mining process. Bitcoin mining is akin to mining for gold, at least in the sense that it requires great effort and cost. However, bitcoin is far more efficient than gold in many ways, thanks to its use of blockchain technology, which means that all transactions are public and anyone can join the network.

Furthermore, bitcoin is highly resistant to any form of censorship, and forged transactions are impossible, thanks to the cryptographic primitives used in the bitcoin blockchain (and in bitcoin wallets).

Best Bitcoin Brokers for 2022

Based on over 113 different variables, here are the best forex brokers for buying cryptocurrency such as bitcoin.

2022 ForexBrokers.com annual review badge
  • eToro - Best overall for crypto trading
  • Eightcap - Most cryptocurrency pairs
  • Capital.com - Great selection of crypto CFDs
  • Swissquote - Trusted global brand, diverse offering
  • Interactive Brokers
    - Best for professional traders
  • Saxo Bank - Offers crypto derivatives
  • AvaTrade - Multiple trading platform options
eToro
4.5 Stars Overall

Best overall for crypto trading

Minimum Initial Deposit$10-$10,000
Trust Score93
Tradeable Symbols (Total)3458

eToro’s easy-to-use copy trading platform and its large number of available crypto assets – both crypto CFDs and the underlying assets – made eToro our top pick for both crypto and copy trading in our 2022 annual review. Read full review

Pros
  • Large number of investors to copy
  • Extensive range of markets to trade
  • User-friendly platforms and app
Cons
  • No automated trading strategies
  • Stops, limits mandatory on trades
  • Research trails competitors
Eightcap
4 Stars Overall

Most cryptocurrency pairs

Minimum Initial Deposit$100
Trust Score87
Tradeable Symbols (Total)326

Eightcap is a MetaTrader-only broker that provides a suite of third-party plug-ins and an impressive crypto offering – delivering the largest number of crypto pairs out of 39 brokers evaluated for our 2022 annual review. Read full review

Pros
  • Good variety of written articles
  • Offers over 200 cryptocurrency CFDs
Cons
  • Only 45 forex pairs available
  • Research and educational content are lacking
Capital.com
4.5 Stars Overall

Great selection of crypto CFDs

Minimum Initial Deposit$20
Trust Score77
Tradeable Symbols (Total)6000

Capital.com stands out for its quality research, strong educational content, and innovative web platform. With an extensive range of over 200 cryptocurrency CFDs, Capital.com was selected Best in Class for Crypto in our 2022 annual review. Read full review

Pros
  • High-quality educational articles and courses
  • Newsroom-grade research articles
  • Offers over 400 crypto CFDs
Cons
  • MetaTrader 5 not available
  • Respectable range of tradeable symbols, but fewer than industry leaders
Swissquote
4.5 Stars Overall

Trusted global brand, diverse offering

Minimum Initial Deposit$1000
Trust Score99
Tradeable Symbols (Total)466

Swissquote was the first bank in the world to offer the ability to trade underlying cryptocurrency assets (non-CFDs). As of our 2022 annual review, Swissquote offers a total of 23 popular cryptocurrencies and crypto-assets. Read full review

Pros
  • Early leader in crypto offerings
  • Strong banking services
  • High-quality research
Cons
  • Desktop platform needs updating
  • Limited tradeable symbols for forex and CFDs
  • Costs tend to be on the high side
Interactive Brokers
5 Stars Overall

Best for professional traders

Minimum Initial Deposit$0
Trust Score99
Tradeable Symbols (Total)8500

Interactive Brokers is a highly trusted multi-asset broker with an extensive offering of tradeable global markets. It delivers competitive fees and high-quality research, and offers crypto trading through its innovative Impact app. Read full review

Pros
  • Robust platform for professional traders
  • Wide range of global markets
  • Thorough research offering
Cons
  • Trader Workstation platform is likely too complicated for inexperienced traders
Visit Site open_in_new

Quotes as tight as 1/10 of a pip

(66% of retail CFD accounts lose money)

Saxo Bank
5 Stars Overall

Offers crypto derivatives

Minimum Initial Deposit€2,000
Trust Score99
Tradeable Symbols (Total)60000

Saxo Bank provides an immersive trading experience with brilliant research and a superb trading platform experience that now features crypto trading, as well as a stunning selection of over 40,000 securities (including crypto derivatives). Read full review

Pros
  • Flagship platform is top of the line
  • Over 40,000 tradeable instruments
  • Excellent customer service
Cons
  • High minimum deposit
AvaTrade
4.5 Stars Overall

Multiple trading platform options

Minimum Initial Deposit$100
Trust Score93
Tradeable Symbols (Total)1260

Minimum Deposit $100.00 Trust Score 93 Tradeable Symbols (Total) 1260 AvaTrade is a trusted global brand that offers an extensive selection of trading platforms for forex and CFD traders. It’s a great option for copy trading, and offers the ability to trade crypto through CFDs. Read full review

Pros
  • AvaOptions app is an excellent forex options mobile trading platform
  • Offers 44 forex options and over 1,200 CFDs
Cons
  • Pricing for retail accounts is average, but trails industry leaders
  • Desktop platform is slow to load, has outdated design

How do you buy bitcoin?

There are three primary ways to buy and sell cryptocurrencies like bitcoin:

  1. Buy bitcoin (the underlying asset) - The most common way to buy bitcoin is to buy physical bitcoin from an online bitcoin exchange such as eToro. Your bitcoin is then held and secured in a digital wallet provided by the broker (or you can withdraw it to the wallet of your choice).
  2. Buy a bitcoin CFD (contract for difference) - Another popular way to trade bitcoin is through CFDs. With a CFD, you do not own the underlying bitcoin. Instead, you are betting on the direction that bitcoin's price will go — either up or down. The main benefit of CFDs is that you can short bitcoin if you expect the price to go down. Holding longer term can be expensive due to the cost of carrying CFDs overnight (i.e., rollover premiums).
  3. Buy an exchange-traded product (ETP) - Exchange-traded products are a class of securities that can be anything from a structured product or fund to a derivative contract or trust. Bitcoin ETPs include exchange traded funds (ETFs), exchange traded notes (ETNs) and other securities such as the Greyscale Trust (GBTC) that aim to track the price of bitcoin.

How much does it cost to trade bitcoin?

Fees for buying bitcoin can become quite high across many of the websites and unregulated exchanges that are out there, which is why we suggest only using a regulated broker. While the fees themselves may vary when buying bitcoin, the costs will consist of any per-trade commission, along with the difference between the bid/ask price — also known as the spread.

The fees to trade bitcoin generally start at anywhere from 0.002% to as much as 2% (and sometimes even more) of the trade value, depending on where you trade and the trade size.

Brokers that charge a commission will usually have lower spreads, while commission-free brokers will have higher spreads to make up for the difference. For example, if you buy $25,000 worth of a bitcoin CFD that has a spread of $50, that would be the commission equivalent of 0.002% of the trade value.

In other words, whether they come via spread or commission, bitcoin involves trading costs. Sometimes the fees also vary depending on whether you place a market order (to fill at the current or next available price) or if you use a limit order (to fill at a specific price or better), the latter of which can sometimes be cheaper at exchanges such as Coinbase.

What does a bitcoin broker do?

Bitcoin brokers enable you to buy or sell cryptocurrency. Without a broker, you cannot safely trade cryptocurrencies like bitcoin. To avoid scams, using a trusted broker is crucial when you are trading bitcoin.

What is the best forex broker to trade bitcoin?

Traders who wish to purchase the underlying physical bitcoin will find that eToro is a great option, followed by Swissquote Bank and Interactive Brokers. For bitcoin CFD trading, which includes the ability to go long or short on bitcoin, we recommend forex brokers such as Eightcap, Capital.com, Saxo Bank and AvaTrade due to their range of crypto assets (as long as you are located outside of the U.K.).

Crypto CFDs cannot be traded in the U.K. by U.K. residents due to regulatory restrictions (unless you are designated a Professional Client). Click here to learn more.

Can you trade crypto on forex?

Most crypto assets are offered either as the underlying physical asset or as a CFD or other derivative — including spot forex contracts. For example, Saxo Bank launched crypto trading for bitcoin as a spot forex contract, which behaves the same way as a CFD despite having a different legal distinction. If you are looking to trade crypto on FOREX.com, crypto CFDs are available outside of the U.S. (except in the U.K., unless you are designated a Professional trader).

Which broker is good for cryptocurrency?

If you just want to buy and hold cryptocurrency, Coinbase is an excellent choice. Coinbase is trusted by nearly 70 million users and is highly regulated in the U.S. and other countries. That said, not all cryptocurrencies are supported or available in all regions, and if you are looking for access to more trading tools and the ability to trade in either direction (long or short) then a CFD or forex broker is your best bet.

Which forex broker offers the most cryptocurrencies to trade?

Our research found that eToro offers the most cryptocurrency pairs to trade. With eToro, investors can buy and sell bitcoin (as the underlying asset), trade crypto CFDs, and even copy trade other investors. After eToro, other crypto brokers that offer dozens of cryptocurrency CFDs to choose from include XTB and HYCM .

eToro cryptocurrencies

Which crypto exchange is the safest?

Among brokers offering bitcoin underlying, Swissquote, regulated as a Swiss bank, is the safest broker. Founded in 1996, Swissquote is publicly traded (SIX: SQN) and regulated in four tier-1 jurisdictions.

After Swissquote, eToro is another safe crypto exchange that uses multi-signature schemes (a form of cryptography) to help protect the crypto that it holds as a custodian. eToro's U.S. entity is regulated in 47 states as a Money Services Business (MSB) with the Financial Crimes Enforcement Network (FinCEN), whereas its EU entity eToroX is licensed by the Gibraltar Financial Services Commission (GFSC).

Which crypto broker has the lowest fees?

While Coinbase and Binance both offer entry-level pricing, Binance is cheaper with just 0.1% for the maker fee (when you place a limit order) or taker fee (when you place a market order), compared to Coinbase which charges 0.5% for both maker and taker fees on its base level (lowest) pricing tier. Binance and Coinbase are the largest cryptocurrency exchanges globally.

In terms of fees for active traders, Coinbase only outranks Binance when you compare the highest tiers offered by each broker. For example, for traders that surpass $1 billion dollars in volume — or 150,000 BTC — Coinbase is cheaper, offering a 0% maker fee and 0.04% taker fee. The 0% maker fee kicks in when you surpass $300 million on Coinbase, whereas on Binance you are charged a maker fee no matter how much volume you trade.

How much is one bitcoin worth?

Powered by blockchain technology, the price of one bitcoin reached a new all-time high of almost $70,000 in November 2021. The price gains were mostly attributed to new institutional investors entering the market and buying bitcoin.

I first wrote about cryptocurrencies in 2013 when bitcoin was still a novelty. Yet, as I'm writing this, the combined market cap of cryptocurrencies is over $2 trillion, with bitcoin accounting for nearly half. According to data from Coinmarketcap, the price of bitcoin can fluctuate widely across various trading venues, although in recent years the cryptocurrency markets have become more efficient — despite the high volatility.

Is buying bitcoin risky?

Despite the potential for large gains, buying bitcoin remains risky. The main risk is significant volatility (price swings). If you buy bitcoin and then the price plummets, you can sustain substantial losses. Adding any leverage (trading with borrowed money) will only further increase your risk when buying bitcoin.

Also, bitcoin remains a complex financial product. Many investors have lost money simply by losing their private keys, whether through exchange hacks or because they did not secure them properly in self-hosted wallets. Using a regulated, reputable broker is essential for safely trading bitcoin.

How do I know if a crypto broker is regulated?

To avoid scams, you should only use regulated bitcoin brokers. To verify a broker's regulatory status, start by determining the broker's legal name and country, and then find the appropriate regulator website to look them up. For example, a broker in the U.K. must be authorized and regulated by the Financial Conduct Authority (FCA). Here at ForexBrokers.com, we track, rate, and rank brokers across 20 international regulators.

How do you sell bitcoin short?

To speculate that bitcoin's price will fall, you must open a forex brokerage account with a broker that offers bitcoin CFDs, or contracts for difference. Using a CFD, you can open a sell order (bet the price will go down) and then place your trade. To make a profit, the price of bitcoin must fall. If bitcoin rises in price, you will lose money.

If CFDs are not available, using a futures or options contract can be an alternative way to bet against bitcoin. However, bitcoin futures and options are very complex instruments, not widely available, and should only be traded by professionals.

Should I buy physical bitcoin or use CFDs to trade bitcoin?

If you are a long-term cryptocurrency investor, buying the underlying physical bitcoin is the safest and lowest-cost way to invest in bitcoin. For more active, short-term trading, Contracts for Difference (CFDs) might be your best option. Just remember: CFDs are not ideal for holding long-term positions (months or years), as the financing charges will add up over time.

Is trading cryptocurrency legal?

In some jurisdictions, cryptocurrency is banned or illegal to purchase, trade, or own. Meanwhile, in other countries, it is perfectly legal. For example, in the United States (U.S.) and the United Kingdom (U.K.), it is legal to buy cryptocurrency from regulated brokers. However, CFDs are illegal to trade in both countries. The U.K. ban on bitcoin CFDs went into effect on Jan. 6, 2021.

How do you safely store bitcoin?

If you do not want to keep your bitcoin with your online broker, you'll need to store it safely. To secure your bitcoin, you must choose a hot (online) or cold self-hosted (offline) wallet. Note: safeguarding cryptocurrencies in your own self-custody wallet comes with its own risks and responsibilities. Just like having cash in your pocket, it must be secured properly.

Personally, for a hot wallet (online, internet-connected), I use Blockchain.com, which provides a mobile and web-based version. For cold storage, I use Ledger, a hardware device that allows you to keep the bitcoin private key offline. When you keep your private key offline, you'll need to create a written backup recovery phrase — a critical step to safeguard your bitcoin in the event that you lose your hardware device.

Do I need a broker to buy bitcoin?

Yes, always use a trusted and highly-regulated bitcoin broker to buy bitcoin. Using a regulated broker will help you protect yourself from scams and keep your bitcoin secure. To avoid scams, never buy bitcoin from someone directly or from a third-party website or marketplace that is not properly regulated. For cryptocurrency that you do control, never share your seed phrase (recovery phrase) or private keys with anyone (this is the equivalent of giving them your money).

ForexBrokers.com 2022 Overall Ranking

Here are the Overall rankings for the 39 online brokers who participated in our 2022 Annual Review, sorted by Overall ranking.

Company Overall Rating Offering of Investments Commissions & Fees Platform & Tools Research Education Mobile Trading Trust Score Visit Site
IG logoIG 5 Stars 5 Stars 5 Stars 5 Stars 5 Stars 5 Stars 5 Stars 99 Visit Site
Saxo Bank logoSaxo Bank 5 Stars 5 Stars 5 Stars 5 Stars 5 Stars 4 Stars 5 Stars 99
CMC Markets logoCMC Markets 5 Stars 5 Stars 5 Stars 5 Stars 5 Stars 4.5 Stars 5 Stars 99
Interactive Brokers logoInteractive Brokers 5 Stars 5 Stars 5 Stars 5 Stars 5 Stars 4.5 Stars 5 Stars 99 Visit Site
TD Ameritrade logoTD Ameritrade 5 Stars 5 Stars 4 Stars 5 Stars 5 Stars 4.5 Stars 5 Stars 99 Visit Site
FOREX.com logoFOREX.com 5 Stars 5 Stars 4.5 Stars 5 Stars 4.5 Stars 4.5 Stars 5 Stars 99 Visit Site
XTB logoXTB 5 Stars 5 Stars 4.5 Stars 4.5 Stars 4.5 Stars 4 Stars 4.5 Stars 95
City Index logoCity Index 5 Stars 5 Stars 4.5 Stars 4.5 Stars 4.5 Stars 4.5 Stars 5 Stars 99
eToro logoeToro 4.5 Stars 5 Stars 4.5 Stars 4.5 Stars 4.5 Stars 4 Stars 4.5 Stars 93
Swissquote logoSwissquote 4.5 Stars 5 Stars 3.5 Stars 4.5 Stars 4.5 Stars 4 Stars 4.5 Stars 99
AvaTrade logoAvaTrade 4.5 Stars 4 Stars 4.5 Stars 4.5 Stars 4 Stars 5 Stars 4.5 Stars 93
Plus500 logoPlus500 4.5 Stars 4 Stars 4.5 Stars 4.5 Stars 4 Stars 3.5 Stars 4.5 Stars 98
FXCM logoFXCM 4.5 Stars 3.5 Stars 4 Stars 5 Stars 4.5 Stars 4 Stars 4 Stars 96
OANDA logoOANDA 4.5 Stars 3.5 Stars 4 Stars 4 Stars 4.5 Stars 4 Stars 4.5 Stars 92
FP Markets logoFP Markets 4.5 Stars 4.5 Stars 5 Stars 4 Stars 4 Stars 4 Stars 4 Stars 86
Admiral Markets logoAdmiral Markets 4.5 Stars 4.5 Stars 4.5 Stars 4 Stars 4 Stars 4.5 Stars 4 Stars 87
IC Markets logoIC Markets 4.5 Stars 4.5 Stars 5 Stars 4 Stars 4 Stars 4 Stars 4 Stars 86
Capital.com logoCapital.com 4.5 Stars 4.5 Stars 5 Stars 4.5 Stars 4.5 Stars 4.5 Stars 4.5 Stars 77
Markets.com logoMarkets.com 4.5 Stars 4 Stars 3.5 Stars 4 Stars 4 Stars 3.5 Stars 4 Stars 98
XM Group logoXM Group 4.5 Stars 4 Stars 4 Stars 4 Stars 4.5 Stars 4.5 Stars 4 Stars 90
Pepperstone logoPepperstone 4.5 Stars 4 Stars 4.5 Stars 4 Stars 4.5 Stars 4 Stars 4 Stars 93
FxPro logoFxPro 4.5 Stars 4 Stars 4 Stars 4 Stars 4 Stars 4 Stars 4 Stars 90
Tickmill logoTickmill 4 Stars 3.5 Stars 5 Stars 4 Stars 4 Stars 4 Stars 4 Stars 82
Fineco Bank logoFineco Bank 4 Stars 4.5 Stars 3.5 Stars 4 Stars 4 Stars 3.5 Stars 4 Stars 92
HYCM (Henyep) logoHYCM (Henyep) 4 Stars 3.5 Stars 4.5 Stars 4 Stars 4 Stars 3.5 Stars 4 Stars 86
DooPrime logoDooPrime 4 Stars 5 Stars 3 Stars 4 Stars 4 Stars 4 Stars 4 Stars 84
HFM logoHFM 4 Stars 4 Stars 4 Stars 4 Stars 4 Stars 3.5 Stars 4 Stars 85
FlowBank logoFlowBank 4 Stars 5 Stars 4 Stars 4 Stars 3.5 Stars 3.5 Stars 4 Stars 77
BDSwiss logoBDSwiss 4 Stars 4 Stars 4 Stars 4 Stars 4 Stars 4 Stars 4 Stars 83
Vantage logoVantage 4 Stars 3.5 Stars 4.5 Stars 4 Stars 4 Stars 3.5 Stars 4 Stars 83
TMGM logoTMGM 4 Stars 5 Stars 4 Stars 4 Stars 3.5 Stars 4.5 Stars 4 Stars 79
Trading 212 logoTrading 212 4 Stars 4 Stars 4 Stars 4 Stars 3.5 Stars 4 Stars 4 Stars 77
Moneta Markets logoMoneta Markets 4 Stars 4 Stars 4.5 Stars 4 Stars 4 Stars 3.5 Stars 4 Stars 71
Trade Nation logoTrade Nation 4 Stars 3.5 Stars 4.5 Stars 4 Stars 3.5 Stars 3.5 Stars 4 Stars 83
BlackBull Markets logoBlackBull Markets 4 Stars 5 Stars 4.5 Stars 4 Stars 4 Stars 3.5 Stars 4 Stars 74
ACY Securities logoACY Securities 4 Stars 4 Stars 4.5 Stars 4 Stars 3.5 Stars 3.5 Stars 4 Stars 75
Eightcap logoEightcap 4 Stars 4 Stars 4 Stars 4 Stars 3.5 Stars 3.5 Stars 4 Stars 87
ThinkMarkets logoThinkMarkets 4 Stars 4 Stars 3.5 Stars 4 Stars 3 Stars 3.5 Stars 4 Stars 86
VT Markets logoVT Markets 4 Stars 3.5 Stars 4.5 Stars 4 Stars 3.5 Stars 3 Stars 4 Stars 71
easyMarkets logoeasyMarkets 4 Stars 4 Stars 3.5 Stars 4 Stars 3 Stars 3.5 Stars 4 Stars 84
Exness logoExness 4 Stars 3.5 Stars 4 Stars 4 Stars 3.5 Stars 3.5 Stars 3.5 Stars 74
Spreadex logoSpreadex 4 Stars 4 Stars 4 Stars 3.5 Stars 4 Stars 3.5 Stars 3.5 Stars 70
IronFX logoIronFX 4 Stars 3.5 Stars 4 Stars 3.5 Stars 4 Stars 3.5 Stars 3.5 Stars 84
RoboForex (RoboMarkets) logoRoboForex (RoboMarkets) 4 Stars 5 Stars 3.5 Stars 4 Stars 3.5 Stars 3 Stars 4 Stars 69
Trade360 logoTrade360 4 Stars 4 Stars 3 Stars 4 Stars 3.5 Stars 3.5 Stars 4 Stars 75
GKFX logoGKFX 4 Stars 3.5 Stars 4 Stars 4 Stars 4 Stars 3.5 Stars 4 Stars 66
AxiTrader logoAxiTrader 4 Stars 3.5 Stars 4 Stars 3.5 Stars 3 Stars 4 Stars 3.5 Stars 83
Vestle logoVestle 4 Stars 3.5 Stars 3 Stars 4 Stars 3.5 Stars 3 Stars 4 Stars 79
FXOpen logoFXOpen 3.5 Stars 3 Stars 4 Stars 4 Stars 3 Stars 3 Stars 4 Stars 80
TeleTrade logoTeleTrade 3.5 Stars 3.5 Stars 4 Stars 4 Stars 3.5 Stars 3 Stars 4 Stars 67
OctaFX logoOctaFX 4 Stars 3 Stars 4 Stars 4 Stars 4 Stars 3.5 Stars 4 Stars 67
Forex4you logoForex4you 3.5 Stars 3.5 Stars 3.5 Stars 4 Stars 3.5 Stars 4 Stars 4 Stars 62
LegacyFX logoLegacyFX 3.5 Stars 3.5 Stars 3.5 Stars 3.5 Stars 3.5 Stars 3.5 Stars 3.5 Stars 75
FXPrimus logoFXPrimus 3.5 Stars 3.5 Stars 4 Stars 4 Stars 3 Stars 3.5 Stars 4 Stars 69
Alpari logoAlpari 3.5 Stars 3 Stars 4 Stars 4 Stars 3 Stars 3.5 Stars 4 Stars 67
GBE brokers logoGBE brokers 3.5 Stars 3.5 Stars 4 Stars 4 Stars 3 Stars 3 Stars 4 Stars 69
TopFX logoTopFX 3.5 Stars 3.5 Stars 4 Stars 4 Stars 3 Stars 3 Stars 4 Stars 67
ATFX logoATFX 3.5 Stars 3.5 Stars 3 Stars 3.5 Stars 3 Stars 4 Stars 3.5 Stars 70
UFX logoUFX 3.5 Stars 3.5 Stars 3 Stars 4 Stars 3 Stars 3 Stars 4 Stars 67
Libertex (Forex Club) logoLibertex (Forex Club) 3.5 Stars 3.5 Stars 3 Stars 4 Stars 3 Stars 3 Stars 4 Stars 72
Xtrade logoXtrade 3.5 Stars 3.5 Stars 2.5 Stars 3 Stars 3 Stars 3.5 Stars 3 Stars 80
Tradeo logoTradeo 3.5 Stars 3.5 Stars 3.5 Stars 3.5 Stars 3 Stars 3 Stars 3.5 Stars 67
View More

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Methodology

At ForexBrokers.com, our evaluations of online brokers and their products and services are based on our collected quantitative data as well as the qualitative observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the online forex brokerage industry, and we evaluate dozens of international regulator agencies (click here to learn about how we calculate Trust Score).

Our research team thoroughly tests the most important cryptocurrency features and services offered by online brokers. We conduct extensive research into each broker’s overall crypto offering to determine the number of available crypto assets, and whether the broker offers the physical (underlying) assets or crypto CFDs (or both) – among other important data-driven variables.

We also test any crypto-specific trading tools or resources, and we research any and all trading costs, spreads, and crypto-specific fees (such as when converting crypto to crypto).

We test cryptocurrency services across a variety of platforms and devices; all websites and web-based platforms are tested using the latest version of the Google Chrome browser. Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running macOS 12.5 to test copy trading on the go.

We also test cryptocurrency services on mobile devices; for Apple, we use the iPhone XS running iOS 15, and for Android we use the Samsung Galaxy S9+ and Samsung Galaxy S20 Ultra devices running Android OS 12.

Ultimately, our rigorous data validation process yields an error rate of less than .1% each year, providing site visitors with quality data they can trust. Click here to learn more about how we test.

Forex Risk Disclaimer

There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Read more on forex trading risks.

About the Author

Steven Hatzakis
Steven Hatzakis

Steven Hatzakis is the Global Director of Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).


Blain Reinkensmeyer
Blain Reinkensmeyer

Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets.


John Bringans
John Bringans

John Bringans is the Senior Editor of ForexBrokers.com. An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content.


Joey Shadeck
Joey Shadeck

Joey Shadeck is the Content Strategist and Research Analyst for ForexBrokers.com. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content.


TD Ameritrade, Inc. and StockBrokers.com are separate, unaffiliated companies and are not responsible for each other’s services and products.
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