Crypto trading is no longer a thing for the high and mighty. It is not a super risky-affair either. Any ordinary person willing to think outside the box can trade coins and make a killing from them. One of the best secrets to trading online coins is choosing the best cryptocurrency brokers. There are countless options to choose from. Here’s a pick of the best five:
If you are looking for the best crypto broker for mt4, Fxopen has got you covered. It started out as an educational center for a couple of financial market courses. In 2005, it was transformed into a global brokerage with entities across the planet.
The broker trades on MT4, MT5, and TickTrader platforms. It offers a range of trading accounts for both rookies and advanced traders. You can trade on ECN, Micro and Crypto accounts, Islamic swap-free accounts, and STP.
With Fxopen.com, you also get to enjoy trading free commission of Micro and STP accounts. The other benefit is its impressively low commission on the ECN account. Last but not least, Fxopen provides traders with plenty of educational articles via their blog. Just like any other top broker, customer support is available to traders 24/5.
The next mt4 cryptocurrency broker on this list is Tenkofx. This one was founded in Belize in the year 2012. It utilizes STP and ECN as its execution models. TenkoFX capitalizes on having self-developed trading solutions.
The exchange offers amazing tight spreads, transparent modeling, a minimum deposit of $10, and the option of carrying out automated trades. The best part about the cryptocurrency broker is that it runs on two of the most convenient and renowned platforms; mt4 and c Trader.
There are also several options when it comes to depositing funds (credit and debit cards, bank transfers, online payment systems like QIWI, Skrill, and Neteller). Finally, TenkoFX allows you to trade on a wide range of instruments, including currency pairs, precious metals, oil, indices, futures, stocks, and more.
eToro burst into the trading scene in 2007. With a huge customer base of approximately 11 million investors and operations in over 140 countries, this platform is a pretty big deal. eToro’s selling point is the social trading feature, which basically allows traders to connect and interact with each other similar to social media profiles. The platform lets you engage with your peers via the social feed, messaging feature, and several other add-ons. eToro is also user-friendly.
Opening an account is a fast and straightforward process. Its website and mobile trading app are also user-friendly. Additionally, this broker is multi-asset and offers access to 2,000 different assets such as traditional currencies, cryptocurrencies, indices, ETFs, commodities, stocks, and more.
The beauty with it is that you can invest with or without leverage and choose short or long-term investments. Please note that eToro is not an mt4 cryptocurrency broker. It offers a fully customized platform to suit the needs it traders.
Coinbase needs a minimal introduction. It is one of the leading crypto trading platforms in America and the rest of the world. Like Tenkofx, Coinbase was launched in 2012. It is licensed and regulated in the US. Initially, the broker offered Bitcoin as the only currency assets.
However, the broker now accepts a number of other crypto coins like Litecoin, Ethereum, Bitcoin Cash, etc. The exchange presents many products such as crypto investments, wallets for retail traders, advanced trading, and its very own dollar stable coin.
The advantages of using Coinbase include impressively high liquidity, a simple-to-use interface, and a wide variety of altcoin options. Unfortunately, Coinbase can be quite pricey, especially when trading with Coinbase Pro.
Lying somewhere between a Forex broker and a crypto broker, the xBTCe is a distinct exchange. The platform, founded in 2015, aggregates orders from a number of trading venues and uses them to offer a tight order book. Traders can then access the book through a “Cash account” or a “Margin Account”. The former is a standard account, and the latter the kind to trade with leverage.
XBTCe is popular for being unique and offering competitive trading fees. No doubt, the costs of cash account trading on the exchange are quite friendly. If you are a bigger trader, you’ll enjoy even lower fees. The broker utilizes three platforms, namely their web-based platform, ThickTrader, and Meta Trader 4.
Choosing the best mt4 crypto broker can make or break your investment efforts as a crypto trader. You want to work with a reputable broker that will safeguard your interests as an investor. Do your research before jumping into anything.
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