Cryptocurrency Brokers

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Cryptocurrency Brokers

Cryptocurrencies are digital assets which have recently become incredibly popular on the financial market spectrum. The Crypto part of the asset class name originates from the use of modern cryptography methods for securing the transactions and transfer of these assets. The first and by far most popular cryptocurrency is Bitcoin among over 30 other cryptocurrencies and their hundreds of specifications available online today.

It is worth noting that unlike currencies, cryptocurrencies are decentralized or in other words not part of any centralized banking system such as the Federal Reserve system. As such Cryptocurrencies are a very risky asset class and investing in such assets carries much risk as we explain below.

Can I buy and sell CFDs in Cryptocurrencies with GBE brokers?

The short answer is YES.

GBE brokers is a licensed and regulated broker which offers CFDs in Cryptocurrencies trade.

You can buy Cryptocurrencies much alike you can go to your bank tomorrow and buy some Swiss Franks (CHF). You cannot however physically hold a bunch of Bitcoins (BTC) in your hand for example – these when bought are owned digitally.

This process may be a bit longer than you think therefore the alternative is for you to invest in cryptocurrencies on CFD basis just like you can invest in Gold CFD (i.e. XAU/USD) or in EUR versus USD (EUR/USD). In this way you can benefit from the change in the price of a cryptocurrency against a currency instantly (i.e. BTC/EUR) based on current market prices. Please note that trading Forex and CFD is risky. You can loose all of your invested capital.

GBE brokers offers you the opportunity to buy and sell over 10 of the top traded cryptocurrencies on CFD basis instantly using our MT4 platform.

Don’t forget that trading with GBE brokers gives you the advantage of using lightning-fast transaction execution speeds and tight spreads. What else do you need to support your cryptocurrency trade?

Open Your Demo or Live account now and let us know what You think and what You would like to see next from GBE brokers!

Let’s get a bit more technical

GBE brokers offers You a leverage of 1:5 for all cryptocurrencies.

  • You can trade CFDs in cryptocurrencies with GBE brokers 24/5!
  • You can trade CFDs in cryptocurrencies on all our accounts, even on our Demo account!
  • You can trade CFDs in cryptocurrencies using our tools!

The small print in large font

  • Margin Based on a position size of 1 lot.
  • 1 lot equals 1 contract.
  • Triple Swaps is applied on Friday. Swaps may be adjusted daily based on market conditions and are applicable to all open positions.

The below table includes all the cryptocurrency pairs which you can trade at GBE brokers:

Instruments / Instrumente Name Min. Ticket Size / Min. Handwlsgröße Max. Ticket Size / Max. Handwlsgröße Trading Steps (Lots) / HAndelsschritte Currency / Währung
BTCUSD Bitcoin vs. USD 0.01 10 Mon. – Fri. 00:05 — 23:55 USD
ETHUSD Ethereum vs. USD 0.10 100 Mon. – Fri. 00:05 — 23:55 USD
LTCUSD Litecoin vs. USD 1 20 Mon. – Fri. 00:05 — 23:55 USD
XRPUSD Ripple vs.USD 0.10 1000 Mon. – Fri. 00:05 — 23:55 USD
BCHUSD Bitcoin Cash vs. USD 0.01 10 Mon. Fri. 00:05 – 23:55 USD

Trading cryptocurrencies carries a high level of risk to your invested capital

GBE Group

  • [email protected] Trading Support : +49 40 605 90 10 30 / +357 25 281 717 Sales Support : +49 40 605 90 10 40 Back Office Support : +357 25 281 718
  • Live Chat
  • [email protected] Trading Support : +49 40 605 90 10 30 / +357 25 281 717 Sales Support : +49 40 605 90 10 40 Back Office Support : +357 25 281 718
  • Live Chat

GBE brokers Ltd is regulated by the Cyprus Securities and Exchange Commission (CySEC) with CIF license number 240/14. As well as having our headquarters in Limassol, Cyprus, we have an established branch in Hamburg, Germany. GBE brokers is authorized to provide investment and ancillary services in relation to financial instruments stated here.

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Risk Warning: Trading Foreign Exchange and Contracts for Difference (CFDs) is highly speculative and may not be suitable for all investors. GBE brokers offers trading on margin. The leverage created by trading on margin can work against you as well as for you. Only invest with money you can afford to lose and ensure that you fully understand the risks involved. Please ensure you read our Risk Disclosure and Terms and Conditions in full before opening an account with GBE brokers.

Legal Disclaimer: GBE brokers provides references and links to selected information and other sources of economic and market information as a service to its clients and prospects and does not endorse the opinions or recommendations of the internet sites or other sources of information. Clients and prospects are recommended to carefully consider the opinions and analysis offered in the internet sites or other information sources in the context of the client or prospect’s individual analysis and decision making. None of the internet sites or other sources of information is to be considered as constituting a track record. Past performance is no guarantee of future results and GBE brokers specifically advises clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any broker. Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. GBE brokers expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. GBE brokers is only responsible for complying with laws within the European Union (EU), predominantly Cyprus, and compliance with any laws outside of EU is the responsibility of the client. GBE brokers does not advertise its services in any territory outside of the EU.

GBE brokers Ltd company number HE324205, registered address, Agias Fylaxeos & Amisou, 134, Annissa Court, 4th floor, 3087, Limassol, Cyprus.
GBE brokers Ltd provides services to countries as per CySEC authorization

Best Crypto Trading Forex Brokers for 2020

Below you will find a list of Forex Brokers that offer cryptocurrency trading instruments (e.g. BTCUSD, ETHUSD, LTCUSD) and allow account funding with major crypto coins. In most cases, these are Bitcoin, Etherium and LiteCoin, although certain companies provide more options. Blockchain technologies made crypto transactions very simple and highly anonymous. Hence, some Forex Brokers don’t even require to undergo an account verification process before you can deposit or withdraw some funds in the form of cryptocurrency.

Who are crypto forex brokers? These are forex brokers that also list cryptocurrency assets on their platforms, usually in combination with fiat currencies to form a crypto-fiat pairing. Examples of crypto-fiat pairs include BTCUSD, DASHUSD, ETHUSD and LTCUSD. These cryptocurrency assets are CFD instruments and do not warrant owning the actual cryptocurrencies in itself.

What crypto assets are offered by crypto forex brokers?

Assets that are offered by crypto forex brokers include various pairings between cryptocurrencies and fiat currencies. Popular cryptos used in these pairings are Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC). However, other cryptos such as DASH, Ripple, NEO and Stellar Lumens have emerged as crypto assets that are making their way onto platforms featured by crypto forex brokers. Fiat currencies which are used as the counter asset in these pairings are US Dollar (most popular), Euro and British Pound. So you get to find pairings such as BTC/USD, ETH/USD, LTC/USD, DASH/USD, BTC/EUR, etc. The exact combinations will differ from broker to broker. These crypto assets are usually listed on popular platforms such as the MT4, where they can be traded just like any other currency pair of CFD asset. You can use market or pending orders to setup trades, or trade with the regular lot sizes featured on the platforms to setup your trades.

Account opening with crypto forex brokers

Opening an account with a crypto forex broker is quite simple, and follows the regular process of account opening, which involves filling an online form. Account verification is also easier, especially if you are going to use a crypto-only account, or if you will use cryptos for deposits and withdrawals. This is because cryptocurrency transactions are basically anonymous and do not require verification of the identities of the individuals involved in the transaction. So if you opt for a crypto transaction method for deposits and withdrawals, your account will most likely be opened for trading without verification.

Depositing/withdrawing funds on crypto forex broker platforms

Some crypto forex brokers require that you open a dedicated account that can be used to trade cryptocurrency assets, while others allow you to use the same regular trading accounts used to forex and CFDs. In the last few years, some crypto forex brokers have opened up new payment channels that allow their clients to deposit and withdraw their holdings in cryptocurrencies. Bitcoin and Ethereum are the popular cryptocurrencies used for such deposits and withdrawals. To be able to use these cryptos for deposit and withdrawal transactions, there is a need to get a wallet to be able to hold your assets. These wallets are usually provided by the crypto forex broker. Making a deposit in cryptocurrencies will require you to obtain BTC or ETH from a third party source exchange, store this in an external wallet, and transfer what you want to trade with to your wallet on the crypto forex broker platform. Withdrawals will also follow the same route. The advantage here is that the cryptos used in conducting your deposit transactions are held in a cold wallet and are not accessible to hackers, unlike the ones held in exchanges which are hot wallets and are vulnerable to theft by hackers. Brokers like SimpleFX typify an emerging trend where crypto forex brokers are increasingly dispensing with fiat deposit methods and replacing these with more crypto-based methods. Presently, SimpleFX allows users to deposit and withdraw funds in cryptos such as Bitcoin, Bitcoin Cash, Ethereum, Dash and Litecoin. It also offers e-wallets such as FasaPay, Skrill and Neteller. You really would not even find the bank wire or card options here.

For other brokers, you will also be able to use conventional means of payment to transact on your account. This includes the use of bank wires, credit/debit cards and e-wallets such as Skrill, Neteller and WebMoney.

More consistently, you will find that some of the crypto forex brokers in our list offer both fiat and cryptocurrency deposit and withdrawal methods. ThinkMarkets is an example of this hybrid transaction model, as it offers the fiat methods just mentioned as well as the Bitcoin method using the BitPay wallet.

How were crypto forex brokers on this list selected?

Certain factors were considered in compiling the list of the best crypto forex brokers you can use today. These factors include leverage/margin requirements, security of transactions and spreads.

Trading cryptocurrencies on forex broker platforms in Europe and the UK has become very expensive, no thanks to the 1:2 leverage cap imposed by the European Securities and Markets Authority (ESMA). Ordinarily, spreads on some cryptocurrency assets such as BTC/USD are quite high, and margin requirements as well as the inherent volatility of some of these assets may overwhelm most traders’ financial capacity. In compiling our list of the best crypto forex brokers, one of the criteria used for selection was to seek for platforms that had friendlier leverage provisions. The leverage provided by many of the brokers on our list for trading cryptocurrency assets ranges from 1:2 to 1:100. In terms of cost implications to the trader, what does this mean?

Trading LTC/USD with a leverage of 1:2 means that setting up a $100,000 position on this asset will require a margin of $50,000. But on a crypto forex broker platform like that of PrimeXBT (one of the brokers found on our list), the leverage provided for trading this asset is 1:100. This means that you can trade a Standard Lot with a margin of $1000. Look at the difference in the two positions: $50,000 margin (UK/EU broker) as opposed to $1,000 margin (our broker). It goes without saying that this represents significant cost savings and using our brokers will make crypto trading on a forex platform cheaper.

– Security of Transactions

For those who opt to use the crypto-based funding and withdrawal methods, a key advantage of using crypto forex brokers is the safety of transactions. Rather than expose your crypto holdings in exchange-based hot wallets, you can use the same holdings in secure cold wallets to fund your account and trade the same assets as CFDs. This represents a far more secure way to trade and enables the trader to have immense peace of mind. It should also be mentioned that most crypto forex brokers mentioned here are regulated, and so there is accountability in how business is conducted on those platforms. Using exchanges which are unregulated always carries risks, as users of Cryptopia and QuadrigaCX have found out the very hard way.

Cryptos tend to have higher spreads than any other assets on these crypto forex platforms. For instance, the spread on LTC/USD on SimpleFX is 14,800 points, or $148 for a Standard Lot position. But comparatively speaking, the spreads on crypto assets with our crypto forex brokers are lower than what you will get on other platforms. Spreads are the trader’s cost, and for assets that carry wider spreads, this cost simply needs to be kept as low as possible. By offering traders lower spreads, the savings that will be realized over time will prove beneficial for the trader.

Cryptocurrency Brokers – the Complete Trading Guide

The full list of online brokers offering cryptocurrency trading, including Bitcoin, Litecoin, Ethereum and more.

Bitcoin trading has been supported by a number of brokers for a couple of years already but this year saw an absolute explosion in the number of cryptocurrency offerings. The incredible rally in blockchain asset prices has attracted so many new companies to the crypto bandwagon – how does a trader choose who to go with?

To help, Finance Magnates has assembled the ultimate list of brokers offering cryptocurrency trading. We examined which top currencies they support and what the offered leverage is, so you can review the whole market in one place.

Broker Bitcoin Litecoin Ethereum Ripple Dash Leverage More details
eToro + + + + + 1:1
Plus500 + + + + + up to 1:30
AvaTrade + + + + + up to 1:20
FxOpen + + + + up to 1:3 + + + + 1:5
UFX + + 1:4
JFD Brokers + 1:5
XTB + + + + + up to 1:20 + + + + + up to 1:10
SwissQuote + 1:1
IG + + 1:13
HYCM + 1:10
ADS Prime + 1:50
AAAFx + + + N/A
Evolve Markets + + + up to 1:25
Fortrade + + + + 1:5 + N/A
FXChoice + 1:3
ForexClub + + up to 1:20
Ayondo + 1:7 + N/A
Salma Markets + 1:1
Whaleclub + + + + up to 1:20 + 1:3 Ltd.) + + + + 1:3
PrivateFX + N/A
FXCortex + N/A + N/A
Alpari + up to 1:10
NordFX + + + 1:3
Admiral Markets + + + +

InstaForex + 1:10
Exante + + + + N/A
Vantage FX + 1:1
Trade360 + + 1:4
Trade + + + + + 1:20
HotForex + + + + 1:5
IQ Options + + + + + 1:1
IFM Trade + + + + + up to 1:16
HYCM + + + 1:20
AvaTrade + 1:50
FXPRIMUS + + + + + 1:5
Tickmill + 1:20
IC Markets + up to 1:20
ThinkMarkets + + + + + up to 1:25
iFOREX + + + + up to 1:20
SimpleFX + + + + up to 1:10
AAATrade + + + + + 1:5
Intertrader + + N/A
Roboforex + + + up to 1:5

Why trade with a broker?

Most crypto investors still trade with exchanges directly, which raises the question – what is the need for a broker at all? There are several answers to this but all emanate from the issue of user experience.

Most cryptocurrency exchanges were not built with a simple trading experience in mind. As such they offer cumbersome interfaces, little support for 3rd party platforms and very limited customer support options.

If you have ever tried to contact one of the bigger exchanges with a problem that needed active support, you likely only received canned email responses that felt like corresponding with a cheap chat robot. A good broker must offer great client support so if you forget your password and can’t get a text message confirmation (2FA) you won’t completely lose your account as can happen with an exchange.

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Online brokers have about twenty years of experience with trading, developing platforms and ancillary services while the cryptocurrency ecosystem is still developing. If you are used to trading on the charts, from a mobile app or need all your EA robots for algo trading, a broker is the way to go.

Crypto exchanges have also fallen victim to cyber attacks, exit scams and FBI takedowns. While everyone can be hacked, at least a broker which you know and trust can provide some accountability in case anything goes wrong.

Why are FX brokers adding cryptocurrencies?

In a word, volatility. While long term investors can just buy an asset at an exchange, transfer it to a secure wallet and hold, day traders look for something else. Volatility creates many small trading opportunities which they try to capture with risking holding for long term. As such, crypto assets are magnet for short term and algo forex traders.

The major fiat currency pairs offer volatility that is literally thousands of times less than cryptocurrencies, so they can not match the excitement associated with trading them.

Beyond that, there is incredible hype right now surrounding Bitcoin and Ethereum in the mainstream financial media, and many clients are simply demanding access to them as a result. By offering just a few more CFDs, a broker can capture a huge new market of people looking to speculate on this hot new thing that they heard about without any desire to ever use blockchain assets for anything else.

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