Best cryptocurrency brokers for trading

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Are you looking for possibilities to get real profit from cryptocurrency hype or, may be, you think about alternatives of simple investing money in bitcoin or other digital coins in 2018? At this moment it’s quite difficult to find people, who hasn’t heard nothing about cryptocurrencies and about the crazy rise of their value during last year. Of course, many of us want to get the share of this money pie. So, people try to buy cryptocoins or invest in them with aim to make profit when coins value will go up. But usual investing in crypto assets (Bitcoin, Dash, BitcoinCash, Ethereum, Litecoin, Ripple, Zcash, Neo, Monero) is not so profitable as usual trading on them. And, of course, usual trading is more preferrable because of some other reasons:
- you may get profit really faster. When you invest in bitcoin or other coins via usual currency exchange services, you need some days for getting your coins to the balance of the wallet. After that you should wait when the price of your coins will become enough high to sell your coins and fix the profit from your cryptocurrency investment. It could not be too fast. But, if you will use for trading any online cryptocurrency broker than you see that you may get the reasonable profit during 1 hour. Online broker can offer you an ability to sell or buy Bitcoin, Ethereum, Dash, Ripple, Litecoin or other coin in some clicks of your mouse.
- Besides such difference in velocity of making profit, you may earn money through online brokers even if the rate of cryptocurrency is falling. When you invest money in the asset, you need only the rise of the cryptocurrency rate for making profit and nothing other. So, trading broker allows you to benefit both from the growth of the bitcoin price and from its fall.
- Usually, the most volatile assets are the most profitable for traders. As you may see last months, bitcoin and other altcoins are super volatile. So, cryptocurrencies have high potential for making crasy profits via trading.
- Available leverage. Leverage gives you the possibility to trade cryptocurrencies with biggest volumes than if you do it in the process of actual buying the cryptoasset. For example, you have $100. Your leverage is 1:5. So, if you deposit your trading account by this $100, then you may use for trade $500. Due to the leverage you may make real big profits using the small trading capital at your start. But, if you want to do real investment in assets on cryptocurrency’s markets then you may use for buying only $100 without any leverage and even do not dream about high profits on this stage.
- Last time you may see in the news that many cryptos exchange services have become the reason of problems for investors. In other way, there are many reliable regulated online brokers, which may offer for trading good conditions and almost all big popular digital currencies (btc and others).

Compare of leading online brokers for Bitcoin trading

 

Company Min deposit Spread on Bitcoin Max leverage Trading tools Funding via Regulators Official site
Roboforex

RoboForex cryptocurrency trading account

$10 705 pips ($70,5 per lot) 1:10 Bitcoin, Dash, BitcoinCash, Ethereum, Litecoin, Ripple Bank cards (Visa or Mastercard), Skrill, Neteller, Fasapay, Epayments, Bitcoin CySEC, IFSC, FCA, BaFin Visit official site
FBS

trade Bitcoin via fbs

$100 1000 pips up to 1:3000 Bitcoin, Dash, Ethereum, Litecoin Bank cards (Visa or Mastercard), Skrill, Neteller, Bitcoin, Perfect Money, OkPay, Wire transfer, CySEC, IFSC Visit official site
NordFX

cryptocurrency broker Nordfx

$50 $40 per lot up to 1:1000 Bitcoin, Dash, BitcoinCash, Ethereum, Litecoin, Ripple Bank transfer, Visa, Mastercard, Bitcoin, Skrill, Neteller, Qiwi, Payza, Alipay, Perfect money, Fasapay, Webmoney VFSC, CyYSEC Visit official site
OctaFX

Octafx account for trading digital currencies

$100 from 14.5 pips 1:2 Bitcoin, Ethereum, Litecoin Skrill, Neteller Law of Saint-Vincent and the Grenadines Visit official site
Instaforex

best cryptocurrency broker Instaforex

$1 from 0.1% 1:1000 Bitcoin, Ethereum, Litecoin, Ripple bank cards, bank wire, Payco, Skrill, Neteller, China Union Pay, WeChat, Alipay, Paysec, Paxum, GiroPay, Epayments, Bitcoin CySEC, BVI FSC Visit official site
Binary

binary.com trading account

$1 from 0.9 pips up to 1:500 Bitcoin, Ethereum, Litecoin Bank transfer, credit cards, Skrill, Neteller, China Union Pay, Perfect money, Okpay, Ecopayz, Fasapay FSA, FCA, MGA, FFAJ, KLFB, BaFin Visit official site
Tickmill

trading Bitcoing at Tickmill

 $25 from 2 pips up to 1:500 Bitcoin  Bank transfer, credit cards, Skrill, Neteller, China Union Pay, Dotpay, Fasapay FCA, FSA Visit official site
Plus500UK Ltd

crypto currencies trading via Plus500

$100 depends on instrument up to 1:300 CFD Service (Bitcoin, BitcoinCash, Ethereum, Litecoin, Ripple, NEO) Wire transfer, Visa, Mastercard, Paypal, Skrill and other FCA
Your capital is at risk.
Visit official site
FortFS

Fortfs cryptocurrencies broker

$5 1.5% 1:3 Bitcoin, BitcoinCash, Ethereum, Litecoin, Ripple, Dashcoin, Zcash, Monero Bank transfer, credit cards (Visa or Mastercard), Skrill, Neteller, Qiwi, Perfect Money, Fasapay IFSC Visit official site
Fxopen

open cryptocurrency trading account at Fxopen

$10 0.5% 1:3 BTC, ETH, BCH, Ripple, Monero, ETC, LTC Bank transfer, Netbanx Asia, China Union Pay, Credit/Debit Cards, ePayments, Skrill, Neteller, Qiwi, Perfect Money, Payza, Fasapay, bitcoin, Litecoin FSA Visit official site

 

How to choose cryptocurrency broker?

 
Now, you may see so many broker’s offers at cryptocurrency market, that it may be real difficulty to choose the best broker from listed here, it can be difficult to know which cryptocurrency broker will be best for you. So, how to choose the best broker for cryptocurrency trading? Below I offer to you some important moments which you should keep in your mind when making your choice:

- Regulation
There are many regulatory authorities at trading market. The regulatory authority set rules and provide services to protect both sides of the market: traders/investors and cryptocurrency trading company. Your money will be under high risk of loss if you will trade via brokers without any licence from regulators. The main regulatory authorities of CFD (Contracts for Difference) market are ASIC (Australian Securities and Investments Commission), IFSC (International Financial Services Commission of Belize), FCA (Financial Conduct Authority) and FSA (Financial Services Authority) from Great Britain, BVIFSC (Financial Services Commission) from British Virgin Islands, BaFin (The Federal Financial Supervisory Authority) from Germany, CySEC (Cyprus Securities and Exchange Commission), FINRA (Financial Industry Regulatory Authority) and NFA (National Futures Association) from USA. The broker should have at least the one licence from one of these regulators, but it will be better if your cryptocurrency broker has licences from some of these regulators.

- Trading platform
The trading platform is your door to the CFD market. So, when you choose the best broker, do not forget to check which type of platform you may use for cryptorading. It should well functioned wuth different instruments, easy to use, quick soft.

- Accounts conditions
Good cryptocurrency broker may offer to its clients the wide range of trading account with flexible options. When you are looking for your ideal broker remember that the spread at account must low or competitive to other brokers and the leverage must be high enough. By the way, I mentioned about using leverage in the beginning of this review. What is leverage? It means the ratio of your own money and money, which you may take in lend from broker. So, you may use in your trading this total sum of your and broker’s money. Remember, that higher the leverage means the higher risk. But in that time the higher leverage means the higher profits from trading on bigger capital.

- Supported digital assets
In the list of cryptocurrency brokers, which was posted in the beginning of this review, you may see which crypto coins you may trade with each broker. Some brokers offer only Bitcoin trading, other offer more assets for trading. So, choose the broker which may provide you for trading all digital currencies, which you are going to use. Do not forget, that only some of the exisiting digital currencies have enough volatility and liquidity for generating high profits.

- Customer support
Understand, that you may trade at cryptocurrency market in 24/7 mode. Of course, there will be many cases when you need the help from broker. It’s very important that broker’s customer support service could be in touch 24 hours 7 days in a week. It’s good, if there will be live operator from broker’s side, who may help you with your problems in text or voice mode. So, try to know if it’s possible for you to get the quick answers from them about trading conditions, deposits and withdrawals, company regulations and other. Be sure that your preferred cryptocurrency broker has professional and experienced support service.

Some useful notices about cryptocurrency market

 
- Is there the difference between an exchange service and trading broker?
Cryptocurrency exchange is the platforms which is used by people (investors) to invest fiat(real) money in cryptocurrency assets or to convert their cryptocurrency assets into fiat money. Cryptocurrency exchange sites are mostly new services which were founded during last 1-3 years because of digital currencies hype. So, via such exchanges you may invest in cryptocurrencies, keep them in a digital wallet, use for different online payments and sell, when you need. But, you may get the profit from such investment only when the market price of the cryptocurrency from your digital wallet will grow.
With trading broker you may buy or sell digital currencies without storing them in digital wallet. You do not get the asset in your own, you only negotiate the contract about moving the price up or down. So, with trading broker you may earn your profit not only from growing of the asset price, but from its lowing too.

- Which cryptocurrencies are most profitable to trade?

Many crypto currencies may be used for profitable trading because of their super volatility! Simply analyze market trends and you will get your profit.

- How to start profitable trading in short time?

Choose good broker, open real account, fund it, use leverage for trading cryptocurrencies, analyze market. Of course, you may try to trade via demo account at the beginning of work or via real account using the broker’s welcome bonuses.

- Is there simple and effective trading strategy for start?

I’ve gathered the pack of 3 interesting videos with actual strategies and indicators for cryptocurrency trading. These strategies are quite simple and, as i think, even beginners will get enough of useful information to start their own profitable trading on bitcoin, ethereum, ripple and other altcoins in short terms after watching this set of videos.

1) Here you may watch the detailed review of how bitcoin traders use indicators MACD and RSI in their work. You will know how to add MACD and RSI to your trading charts, you will see how MACD and RSI may help to find good entries for opening orders.

2) From the next video you may know all about the interesting strategy “The Pivot Reversal Strategy” which will indicate good points for the buy or sell of cryptocurencies. Besides this this strategy may show the state of the current market if it has bullish or bearish trend.

3) Here you will know how to define excellent entry for sell/buy bitcoin or other altcoins on 5 minutes timeframe using indicators MFI and MACD. You will see aggresive and conservative method of this trading strategy.

By the way, if you know other crypto currencies brokers, which provide good opportunities for earning money, then write about it via comments and I’ll add them to the list.

I hope these articles will be useful for you too:

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