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The 9 Best Cryptocurrency CFD Brokers in 2024
Swen Keller
- Last Updated 29 August, 2024
Best for Most Selection of Crypto CFDs
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This article reviews the 9 best crypto CFD brokers by analyzing their unique features, pros and cons, available security measures, and fees.
To build our list we got first-hand experience, analyzed user reviews, and studied expert analyses of each crypto CFD trading platform.
Best Cryptocurrency CFD Broker: Our Opinion
Plus500 is our top choice for experienced traders seeking a reliable and straightforward platform for cryptocurrency CFD trading. The proprietary platform supports over 2,800 financial instruments, providing seasoned traders with diverse opportunities. Plus500 offers competitive spreads and zero commissions, ensuring cost-effective trading. The platform’s robust security features and real-time alerts cater to the needs of professional traders.
Although it lacks some advanced features like automated trading, its efficiency, regulatory compliance, and ease of use make Plus500 an excellent choice for traders looking for a dependable CFD trading environment.
Launched in 2008, Plus500 offers a proprietary CFD trading platform that supports over 2,800 financial instruments and industry-average fees.
Its custom platform for trading CFDs is targeted at Advanced traders.
It supports crypto trading on 22 assets, inclusive of Bitcoin CFDs.
Concerning its fees, Plus500 charges industry-average spreads (starting from 0.6 on major currency pairs) and zero commissions.
That said, Plus500 stands out for its ease of use and abundance of educational resources on its Trading Academy.
Key Features of Plus500
Plus500 Mobile App
The Plus500 app supports CFD trading in multiple-asset classes across more than 2,800 instruments.
It also offers live market quotes on all products and supports access to multiple markets on one screen.
Users also have access to the Plus500 demo account, which allows them to practice trading CFDs, Bitcoin futures, and much more risk-free.
The proprietary mobile app sends real-time alerts to traders via push notifications, SMS, and email. It offers more than 108 technical indicators and over 19 drawing tools.
The CFD mobile app also features an economic calendar that keeps users abreast with the latest happenings that could impact the financial markets and is a sentiment tool.
Economic Calendar
Plus500 CFD trading platform offers an Economic Calendar that enables investors to monitor events capable of moving the financial markets. Examples of such events include monetary policy decisions and economic partnerships between nations.
The Calendar lists daily events and their respective volatility levels (the likelihood of a particular event impacting the financial markets).
It is displayed as a chart that shows the days, weeks, and months of a year with the market-moving events listed beside its relevant day, week, or month in chronological order.
Plus500 Security
Like most CFD brokers and Forex brokers, Plus500 is authorized and regulated by several regulatory bodies including the Financial Conduct Authority, Cyprus Securities and Exchange Commission (CySEC License No. 250/14), and the Monetary Authority of Singapore. It is also regulated in Israel, South Africa, the United Arab Emirates, and New Zealand.
Beyond this, Plus500 isn’t exposed to sovereign or corporate debt and has capital higher than the regulatory requirements for CFD brokers in most jurisdictions.
The CFD crypto trading service also requires Two-Factor Authentication and password login to access the trading platform.
Countries Availability
Plus500 is available in more than 50 countries of the world. Some supported countries include Australia, Singapore, the United States, Israel, Japan, Cyprus, Bulgaria, Seychelles, Japan, Estonia, etc.
Pros
- Easy to navigate and trade with
- Two-Factor Authentication supported
- Supports Bitcoin futures
- Regulated in several countries
Cons
- Doesn't support multiple crypto trading platforms
Capital.com - Best Crypto CFD Platform For Retail Investor Accounts
Founded in 2016, Capital.com is a global forex broker that stands out for its low spreads, retail investor accounts, large selection of crypto CFDs, and low overnight fees.
It is authorized and regulated by several regulatory bodies including the Cyprus Securities and Exchange Commission, the Securities Commission of The Bahamas, The United Kingdom Financial Conduct Authority, the Financial Services Authority of Seychelles, and the Australian Securities and Investments Commission.
Capital.com has access to over 3,800 markets and allows its customers to invest directly in global stocks, currency pairs, ETFs, commodities, shares, and indices.
Capital.com is best for inexperienced traders looking for retail CFD accounts that offer CFDs. It supports over 400 cryptocurrencies and several currency pairs.
The platform offers a user-friendly interface that allows beginners to trade Bitcoin CFDs effortlessly.
That said, Capital.com does not offer trading instruments such as options. It also offers limited maximum leverage when compared to other top brokers.
Concerning fees, Capital.com charges low spreads and low overnight fees. For all trades you open, you will have to pay the difference between the bid and ask price. Also, the interest charged as overnight fees varies based on the instrument being traded.
Capital.com also charges a Guaranteed Stop fee. This is a Premium the trader pays to safeguard their position with a guaranteed stop if triggered.
Key Features of Capital.com
Capital.com Demo Account
The Capital.com Demo account gives traders a platform to test and perfect their trading strategies before trading in the Live market.
The demo account is pre-funded with $1,000.
Capital.com allows users to use the demo account for as long as is needed, but if there are no active trades on the demo account for 2 weeks it will be automatically closed down even if there are open trades.
Capital.com Trading App
The Capital.com trading app gives users access to over 3,800 of the most traded international markets including stocks, indices, cryptocurrencies, forex, and commodities.
It also features 70 technical analysis indicators, advanced charts, and several risk management tools.
With the mobile app, users can receive price alerts and live market updates.
It also features negative balance protection.
Users can create up to 10 demo accounts and 10 live accounts in different currencies in the Capital.com mobile app.
Security of Capital.com
Capital.com is licensed by the Cyprus Securities and Exchange Commission, the Australian Securities and Exchange Commission, the Financial Services Authority, the UK’s Financial Conduct Authority, and the Securities Commission of The Bahamas.
Capital.com holds an ISO27001 Certification for Information Security Management and privacy risk management.
It has also enabled a Payment Card Industry Data Security Standard certification.
Users’ funds are stored separately from the company’s funds. They are stored in segregated bank accounts and not used for business activities.
Capital.com monitors and filters outgoing network traffic to ensure the security of the network against cyber threats.
Users’ accounts are protected with passwords and Two-Factor Authentication.
Countries Availability
Capital.com is available in over 183 countries. Supported countries include the United Kingdom, India, Germany, France, the Bahamas, South Africa, Cyprus, Australia, Poland, Seychelles, South Africa, etc.
Pros
- Regulated by several regulatory bodies
- Beginner-friendly retail CFD accounts
- Large selection of crypto CFDs
- Free demo account with unlimited access
- Zero commission
Cons
- Low maximum leverage
- Limited trading instruments
Vantage Markets - Best for Most Crypto CFDs
Headquartered in Sydney, New South Wales, Australia, Vantage Markets was founded in 2009. Vantage Markets supports users from over 172 nations, but it does not accept users from Canada and the United States.
Vantage Markets allows users to trade CFDs with over 400 different instruments.
Vantage Markets is regulated by the Financial Conduct Authority, the Australian Securities and Investments Commission, the Vanuatu Financial Services Commission, and the Cayman Islands Monetary Authority.
Vantage Markets has a user-friendly interface, which makes it suitable for both beginners and advanced traders. Vantage Markets offers educational resources that can help beginners learn how to trade Bitcoin CFDs.
The platform supports over 40 cryptocurrency CFDs.
With regards to fees, Vantage Markets charges zero commissions for CFDs (spreads) up to USD 2 in RAW account commission charges and 0.0 to 1.6 pips in spreads.
Key Features of Vantage
Vantage Demo Account
The Vantage Demo Account allows users to test out their trading strategies before trading in the actual market.
The demo account offers traders free $100,000 in virtual currency to trade Bitcoin CFDs with.
The demo account is available in MetaTrader 4 and 5. Each account lasts for 30 days after which, the login will expire.
Users who want a non-expiring demo account can send a message to the support team. That said, users with a live account have unlimited access to the demo account.
The Vantage Markets demo account simulates actual market movements and has all the features of the live account.
Social Trading
Vantage Social Trading or Copy Trading allows traders to automatically copy the trading strategies of expert traders.
The Vantage copy trading feature is only available in the mobile app, it is not available in Vantage’s Web Trader.
Vantage traders can start copying trades for as low as $200. Vantage also allows them to copy more than one trader at a time as long as they have sufficient funds in their wallets.
Security of Vantage
Vantage Markets is regulated by several regulatory bodies. It is a regulated multi-asset and Bitcoin CFD trading service provider and an authorized Financial Service Provider.
It adheres to AML/CTF regulations and stores users’ funds in segregated bank accounts.
Users’ accounts are protected with fingerprint lock and pattern lock.
Countries Availability
Vantage Markets is available in over 170 countries. Just like other major forex brokers, it does not offer services to users in Canada and the United States.
Pros
- Low fees and tight spreads
- Suitable for both advanced and inexperienced traders
- Free demo account
- A sizeable selection of cryptocurrencies
Cons
- Restrictive leverage
- High minimum initial deposit
Octa - Best Crypto CFD Platform for Copy Trading
OctaFX is an online broker that offers trading services like CFD and Forex trading. The platform was founded in 2011 and has received over 58 forex industry awards.
OctaFX offers 230 trading instruments and 30 cryptocurrencies.
The platform stands out for its copy trading feature that enables beginners to mirror the trades of experienced investors.
OctaFX offers a 50% deposit bonus. It also has a low minimum initial deposit of $25.
For fees, it offers up to 12.0 in crypto CFDs and 140.0 in stock spread.
Unlike other brokers OctaFX does not charge commissions when users trade CFDs, instead, they add a markup to the spread being charged when trades are opened and closed.
Also,the platform does not charge commissions or fees for deposits and withdrawals and no swap fees on all major currency pairs. It also charges zero inactivity fees.
OctaFX is suitable for beginners and intermediate traders looking for a user-friendly platform.
Key Features of Octa
Copy Trading
OctaFX allows inexperienced traders to maximize profit by copying the trading strategies of experienced traders via the copy trading feature. OctaFX copy trading is only available in the MetaTrader 4 platform and it is only available to verified accounts with a funded wallet.
Copiers are allowed to copy as many Masters as they wish, provided they have sufficient funds in their wallets.
OctaFX allows Copiers to add support funds to protect their investments from unexpected market movements. While these funds are used to support the strategies, they do not directly influence the profit.
OctaFX monitors the trading activities of Master Traders to ensure that they do not engage in malpractice.
Octa Security
OctaFX is licensed by several regulatory bodies including the Cyprus Securities and Exchange Commission. It is also compliant with several international legislation and regulation standards.
Users’ funds are stored in segregated accounts. The accounts also have negative balance protection which ensures that traders do not lose more than they have in their accounts.
The platform protects users’ funds using SSL-protected Personal Area with 128-bit encryption and email confirmations for withdrawals.
Countries Availability
OctaFX is available in over 180 countries. This includes Singapore, Cyprus, Indonesia, Pakistan, Nigeria, etc.
Pros
- Low minimum initial deposit
- Offers a welcome bonus
- It supports copy trading
- Free deposits and withdrawals
- Suitable for both beginners and intermediate traders
Cons
- The only available fiat currency is USD
- Not available to users in the United States and Canada
Exness - Best Crypto CFD Platform For Unlimited Leverage
Exness Group was founded in 2008 and is Headquartered in Limassol, Cyprus. It is a multi-asset brokerage that offers trading services with financial instruments like Cryptocurrency CFDs, forex, and metals.
Exness supports over 26 cryptocurrencies and more than 40 fiat currencies (as base currencies).
Exness stands out for its tight spreads, a sizable selection of cryptocurrency CFDs, and unlimited leverage. It also has a low barrier of entry for beginners as it offers a low minimum deposit ($10) for most options.
Exness is regulated by several regulatory bodies including the Financial Conduct Authority (FCA) – United Kingdom, the Central Bank of Curacao and Sint Maarten (CBCS) – Curaçao, the Financial Services Commission (FSC) – British Virgin Islands, the Financial Services Authority (FSA) – Seychelles, the Cyprus Securities and Exchange Commission (CySEC), the Capital Markets Authority (CMA) – Kenya and the Financial Sector Conduct Authority (FSCA) – South Africa.
Exness spreads for professional accounts start from 0.0 and 0.3 pips for standard accounts. It charges up to $3.5 commission on each side per lot for professional accounts.
Key Features of Exness
Exness Terminal
The Exness Terminal is a web-based trading terminal available to Exness users trading on MT5 trading accounts. The terminal gives traders access to the best charting functionality in the industry. It features 50 drawing tools, 100 indicators, and over 100 popular CFDs.
It also offers several order types including Stop Loss, Buy Stop, Sell Stop, Take Profit, Sell Limit, and Buy Limit.
Exness Terminal is available on Linux, Windows, Android, MacOS, and iOS.
Exness Security
Like other best forex and CFD brokers, Exness stores users’ assets in segregated bank accounts. It also maintains funds larger than that of its clients to ensure enough funds to compensate clients when the need arises.
Exness also audits its books and publishes the reports of the audit.
All Exness accounts are protected by security tools that are used to verify the identity of account owners. These security tools include Security types and Support PINs.
All withdrawal requests require a One-Time-Pin, this is to ensure that the withdrawal request was initiated by the account owner.
Countries Availability
Exness is available in 150+ countries in Europe, Africa, and Asia. Supported countries include South Africa, the British Virgin Islands, the United Kingdom, Cyprus, Kenya, etc.
Pros
- Supports over 40 fiat currencies
- Low minimum deposit
- Tight spread
- Unlimited leverage
Cons
- Not available in the United States
- Deposit restrictions on users in various regions
IC Markets - Best Crypto CFD Platform For Commission-Free Trading
Founded in 2007 by Andrew Budzinski, IC Markets is a forex trading platform that offers a sizable selection of crypto CFDs and allows users to trade stocks and other trading instruments via CFD trading.
IC Markets stands out for its commission-free trading and high maximum leverage.
It, however, has a slightly higher minimum initial deposit of $200.
IC Markets has a user-friendly interface that is suitable for beginners. Experienced traders may however find the platform too basic.
IC Markets offers several services including 61 currency pairs in the Forex markets, 25 products on indices, over 27 crypto CFDs, 9 products on Bonds, 24 products for CFDs on commodities, over 2,100 stocks and RAW Spread accounts that start from 0.0 pips.
Key Feature of IC Markets
Algorithmic Trading
Algorithmic trading, which is also known as automated trading, uses algorithms to make trades.The IC Markets algorithmic trading platform allows users to automate their trades using algorithms. These algorithms are a series of trading conditions that must be met for a trade order to be executed.
IC Markets’ algorithmic trading grants users access to specific trading strategies and ensures that trades are executed at the best possible price.
IC Markets algorithmic trading is available on the cTrader suite and MetaTrader.
IC Markets Security
IC Markets is regulated by several regulatory bodies including the Seychelles Financial Services. It complies with the regulatory requirements of the FSA and the Securities Act and Securities (Conduct of Business) Regulations.
It also holds clients’ funds in segregated bank accounts.
It has a Secure Client Portal where users can access both the demo and live trading accounts securely.
All electronic payments are encrypted and processed using Secure Socket Layer technology.
Countries Availability
IC Markets is available to users in over 190 countries in Canada, Europe, Australia, Africa, and Asia.
It is not available to residents of over 50 restricted regions including Israel, Iran, Yemen, Zimbabwe, etc.
Pros
- User-friendly interface
- It offers several financial services
- It offers automated trading and social trading
- Commission-Free trading
- High maximum leverage
- Allows all trading strategies
Cons
- Not the largest selection in crypto CFDs
- High minimum initial deposit
FxPro - Best Crypto CFD Trading Service for Trade Account Variety
Headquartered in London, the United Kingdom, FxPro is one of the leading CFD brokers in the world today. It was launched in 2006 and has spread to over 170 nations.
The platform for trading CFDs stands out for its multiple trading account options as it allows investors to choose from over 8 account types and more than 2 trading platforms.
Each account type offers unique benefits, targets specific user types, and charges different fees via spreads or commissions.
FxPro offers more than 26 cryptocurrencies and over 2,100 tradable assets.
Users can open a trading account on the CFD broker with a minimum initial deposit of $100, which is the industry average for most Forex brokers.
It is regulated by the Cyprus Securities and Exchange Commission and the Financial Conduct Authority of the United Kingdom.
Key Features of FxPro
FxPro VPS
FxPro VPS gives users access to a VPS service offered by BeeksFX. The feature allows investors to load their Expert Advisors and cBots directly to the server and has them running without their direct involvement (the trader’s computer running).
This enables CFD trading automation.
The FxPro VPS service goes for $30 per month if you’re a regular user but it is free for Premium crypto CFD trading accounts.
Trading CFDs via FxPro’s VPS hosting executes your trades from FxPro’s Equinix Data centers in LD4 London.
Benefits of the FxPro VPS include zero downtime, 24-hour trading, and reduced latency.
FxPro Edge
The FxPro Edge is a tax-free trading platform that allows FxPro investors to trade hundreds of instruments in 6 asset classes. It also supports more than 48 technical indicators.
The FxPro Edge is customizable to the trader’s specific needs, however, it does not support custom indicators or Expert Advisors. But traders can add multiple Widgets to the workspace for customization.
FxPro Security
FxPro, like most brokers that support trading CFDs, is regulated by several regulatory bodies across the world including the Cyprus Securities and Exchange Commission and the Financial Conduct Authority of the United Kingdom.
For account security, users are mandated to use Two-Factor Authentication, and email confirmation is needed for any change to the client account. The FxPro team also manually verifies all changes to the account.
Countries Availability
FxPro is available in over 170 countries. Some supported nations include Cyprus, the United Kingdom, Japan, Australia, etc.
Pros
- Available in over 170 countries
- Fully regulated online broker
- Supports multiple trading platforms
- Offers VPS for trading CFDs and Forex
Cons
- High commissions and spreads
- Not beginner-friendly
Deriv - Best Platform for Professional Investors
Deriv was founded in 1999 and is headquartered in Birkirkara, Malta. The crypto trading CFD broker hosts more than 2.5 million users with a trade turnover of $10 billion.
Deriv stands out for its high leverage as unlike most brokers the platform offers up to 1:1000 leverage.
It also supports automated trading via its DBot feature, which enables investors to build a trading bot without any prior coding experience.
Deriv has an almost non–existent barrier to entry as it allows users to begin trading CFDs for as low as $5.
Key Features of Deriv
DBot
DBot, short for the Deriv Trading Bot, allows crypto trading investors to build a bot for CFD trading automation.
The DBot comes with 3 pre-built strategies and more than 50 tradable assets.
Creating a bot is free and allows you to automate trades on popular financial markets like commodities, Forex, synthetic indices, derived indices, etc.
In addition, the Deriv Bot saves all strategies directly to your Google Drive account.
Deriv X
Deriv X is one of Deriv’s CFD trading platforms. It offers a customized experience by allowing traders to personalize their trading experience.
You’ll be able to create custom layouts by dragging and dropping widgets as well as pick the data you need displayed and when.
It supports synthetic indices, trading CFDs on commodities, crypto CFDs, and share CFDs.
It is accessible on both iOS and Android devices and available to ask users except European investors.
The app supports more than 90 technical indicators and over 10 drawing tools.
Deriv Security
Deriv is a fully regulated crypto CFD trading broker. It is authorized and regulated by the Malta Financial Services Authority, the Vanuatu Financial Services Commission, the Labuan Financial Services Authority, and the British Virgin Islands Financial Services Commission.
These regulations, among other requirements, demand that Deriv stores customer funds separately from company funds to ensure that client money isn’t used for company business.
Deriv secures user accounts like most online brokers; Two-Factor Authentication, password, and manual verification to approve major account changes.
It also enables users with trade addiction to limit the amount of money they can trade within a specified period.
Countries Availability
Deriv supports over 160 nations including Malta and Vanuatu. It isn’t available in the United States, the United Kingdom, and Canada.
Pros
- Supports multiple trading platforms
- Allows users to create custom trading bots
- Fully regulated in over 4 countries
- High Leverage
- Low minimum initial deposit
Cons
- No Islamic account
- Charges inactivity fees
- Charges commissions on some instruments
AvaTrade - Best Easy-to-Use Cryptocurrency CFD Platform
Headquartered in Dublin, Ireland, and launched in 2006, AvaTrade is one of the top online Fx brokers in the world today.
The broker stands out for its easy-to-use WebTrader trading platform that makes it seamless for complete CFD trading and Forex trading beginners to execute trades.
AvaTrade holds a Financial Services Agency status with the Central Bank of Ireland, however, it isn’t regulated by the Financial Conduct Authority of the United Kingdom.
It also isn’t subject to leverage restrictions and ESMA-mandated user account security.
Concerning fees, AvaTrade charges up to 0.35 pips in spreads and up to $100 in inactivity fees.
It supports multiple trading platforms, which gives traders ample options when trading as each platform offers different unique benefits. Some supported trading platforms include AvaTrade Options, AvaTrade Go, WebTrader, etc.
Key Features of AvaTrade
AvaProtect
This popular AvaTrade feature enables investors to open positions with guaranteed protection (for a fee) against loss of funds.
AvaProtect safeguards specific traders against loss of up to $1,000,000 over a particular time frame.
This feature is only available in the WebTrader and AvaTrade Go trading platforms.
To use AvaProtect all you need to do is open a Buy or Sell position via WebTrader or AvaTrade Go and then in the trade details scroll down and move the AvaProtect toggle on.
If the trade goes against you AvaTrade will reimburse you for the loss at the end of the protection period.
AvaTrade Go
This is AvaTrade’s mobile app and it is available on both Android and iOS devices. The mobile app supports crypto CFD trading, indices, other CFDs, ETFs, Bitcoin futures trading, and Forex Options.
Traders will also have access to professional trading charts and data on market trends.
AvaTrade Security
AvaTrade is a fully regulated broker with regulation licenses from various nations including Ireland and Australia. And like all regulated CFD trading online brokers, AvaTrade separates users’ funds from company money to ensure that customer deposits aren’t used for the organization’s businesses.
The AvaTrade website uses McAfee Secure to prevent card fraud and identity theft. It also utilizes True-site identity, 256-bit SSL encryption, and is 100% WebTrust compliant.
Countries Availability
AvaTrade is available in more than 150 nations including Ireland and Australia. It isn’t available in Cuba, the United States, Belgium, Iran, Syria, and New Zealand.
Pros
- Up to 1:400 leverage
- Offers AvaProtect to prevent trade loss
- WebTrader platform is beginner-friendly
- Fully regulated
Cons
- A limited number of cryptocurrencies
- Not regulated by the FCA
| BROKER | PAYMENT METHODS | N. of Cryptocurrencies | TRADING FEES | MAXIMUM LEVERAGE | MIN. INITIAL DEPOSIT |
|---|---|---|---|---|---|
| Plus500 | Google Pay, debit and credit cards, electronic wallets (PayPal, Skrill, etc), wire transfer, and more | 20+ | $10 inactivity fee, no commissions, dynamic spreads, 0.7% currency conversion fee | 1:30 | $100 |
| Capital.com | Debit card, credit card, wire transfer, MultiBanco, WebMoney, Bank transfers, Skrill, Qiwi, IDeal, Sofort, and Trustly | 400+ | Zero commissions, Up to 2 pips in spreads | 1:30 | $20 |
| AvaTrade | Credit and debit card, wire transfer, e-payments (Skrill, Neteller, WebMoney) | 17+ | Up to 0.35% in spreads, overnight financing, inactivity fees | 1:400 | $100 |
| Exness | Electronic Payment Systems (EPS), Bank debit cards and credit cards (MasterCard, Visa, and JCB), Exness Bitcoin wallet, mobile banking, bank cashier | 26+ | Spread from 0.0 for professional accounts and 0.3 pips for standard accounts, up to $3.5 commission on each side per lot for professional accounts | 1:unlimited | $10 |
| IC Markets | Bank transfer/wire transfer, Paypal, credit card, debit card, Skrill, Neteller, UnionPay, Bpay, FasaPay, and Poli | 27+ | $7 per standard lot find turn, 1 pip above the Raw inter-bank prices | 1:500 | $200 |
| Deriv | Credit card, debit card, Skrill, Neteller, FasaPay, AdvCash, PerfectMoney, WebMoney, PaySafe, AstroPay, Trustly, Pay Livre, Boletol, SticPay, Airtm, Instant Bank Transfer, ZingPay, PayTrust, Banxa, XanPool, Changelly, Cryptocurrencies | 6 | Commission-free trading with spreads starting from 0.1 pips | 1:1000 | $5 |
| Octa | Bank transfer, credit card, debit card, e-wallets (Skrill, Neteller, Perfect Money), Bitcoin | 30 | Up to 140.0 in stocks spread, up to 12.0 in crypto CFD trading, Commissions are included as spread markups | 1:500 | $25 |
| FxPro | Bank wire transfer, PayPal, Neteller, Skrill, debit card, and credit card | 26+ | Commission of $3.50 charged per lot, a commission fee of 35 USD for every 1 million USD traded (FX and Metals), Swap charges, floating spread | 1:500 | $100 |
| Vantage | China Union Pay, Neteller, Wire transfer, credit card and debit card (Visa and MasterCard), Skrill, AstroPay, Thailand Instant Bank Transfer, FasaPay, Broker-to-Broker Transfer, JCB, Domestic EFT | 40+ | Zero commission for CFDs (spreads), 0.0 to 1.6 pips in spreads, up to USD 2 in RAW account commission charges | 1:500 | $200 for Standard Account and $500 for RAW account |
What is a Crypto CFD?
A cryptocurrency CFD is a trading instrument that gives investors indirect exposure to the price movement of an underlying cryptocurrency like Bitcoin or Ethereum. By trading crypto CFDs, traders can go short or long to speculate on the next price movements. Crypto CFDs are often used to hedge against current crypto holding.
How to Choose the Right Brokers for Crypto CFDs?
To choose the right brokers for trading crypto CFDs you’ll need to consider the following:
- Number of supported cryptocurrencies (experienced traders will need a large selection)
- Number of supported trading platforms
- Types of trading tools available (Advanced or basic)
- Platform Security & Regulation
- Ease of Use
- Country Availability
Final Thoughts
Choosing the right cryptocurrency CFD broker depends on your specific trading needs. For experienced traders, platforms like Plus500 offer reliability and competitive fees, while others provide advanced tools or diverse crypto options. Evaluate each broker’s strengths to find the one that aligns with your trading strategy and goals.
FAQ
Most frequent questions and answers
Online CFD brokers like Plus500, Exness, Capital.com, IC Markets and AvaTrade provide users the opportunity to trade crypto CFDs.
Plus500 stands out as one of the most reliable CFD brokers, offering a user-friendly platform with strong regulatory compliance, competitive fees, and a wide range of financial instruments. It is a top choice for experienced traders seeking a dependable and efficient trading experience. Other reliable options include IC Markets, AvaTrade, Deriv, and Capital.com.
Yes, you can trade a CFD on an underlying asset, mostly via a broker as most crypto exchanges allow you to directly buy cryptocurrencies.
The best broker for trading CFDs depends on your particular needs. If you’re interested in a reliable broker then Plus500 wins but if you’re looking to execute tech trades then platforms like FxPro and Deriv are better options.
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
We always try to provide the most accurate information available, and make sure our team follow through.
If you want to know more about our Crypto Exchanges Review Methodology follow the link below
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