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Best Crypto Brokers in 2024: Fees and Coins Compare

Updated: March 04, 2024
Ivan Andriyenko
Contributor
Opinions expressed by Traders Union Contributors are their own.
Reviewed by
Olga Shendetskaya
Editor
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Best Crypto Brokers in 2024

Editorial Note: While we adhere to strict Editorial Integrity, this post may contain references to products from our partners. Here's an explanation for How We Make Money. None of the data and information on this webpage constitutes investment advice according to our Disclaimer.

Cryptocurrencies continue to gain momentum as a trading or investment asset. This drives the demand for the platforms that provide access to trading these assets. As the demand for cryptocurrencies grows, crypto brokers, i.e. the brokers that allow you to trade digital assets, emerged. Traders Union analysts have prepared a rating of cryptocurrency brokers. In this article you will learn about the best companies on the market, their features and how to choose a company.

Start Trading Crypto right now with ByBit!
Your capital is at risk.

Top 3 Best Crypto Brokers

A crypto broker is an intermediary between clients and financial markets. It allows you to exchange fiat currencies for cryptocurrencies and vice versa, and earn a profit on the price changes. Unlike a cryptocurrency exchange, where only money is exchanged for cryptocurrencies and vice versa, crypto brokers offer a wider selection of assets. Depending on the company, traders can trade stocks, commodities, precious metals, energies, etc.

Cryptocurrencies are digital assets that are actually computer code. They do not exist in physical form and can only be used for online payments. Cryptocurrencies are characterized by high volatility. Their price can strongly fluctuate even within 1 day. Cryptocurrency brokers can offer trading not only directly with cryptocurrencies, but also with derivative instruments – contracts for difference (CFDs), futures, etc.

Top Crypto Brokers in 2024

Important notice!
The rating of cryptocurrency brokers was created by Traders Union experts to ensure that you are provided with unbiased information. TU analysts have access to internal trading and client metrics from a large number of cryptocurrency brokers and can also analyze data from hundreds of thousands of traders. That is why the Traders Union cryptocurrency exchange rating is the most objective rating available in 2024.

Overall Score Minimum Deposit Commission

Eightcap

7.69

100 USD

Floating, from 0-1 pips subject to the account type

Open an Account

Your capital is at risk.

Exness

7.58

$10

Standard: from 0.3-1 pips subject to the account type;
Professional: from 0-0.1 pips subject to the account type

Open an Account

Your capital is at risk.
You can lose your money.

Forex4you

7.44

From 0 USD

From 0.1–2.0 pips

Open an Account

Your capital is at risk.

TeleTrade

7.19

USD 10 

From 0.2 pips

Open an Account

Your capital is at risk.

FxPro

8.5

100 (USD, EUR, GBP, CHF)

from 0.0 pips

Open an Account

Your capital is at risk.

XM Group

8.28

$5

From 0.6 pips

Open an Account

Your capital is at risk.
77.74% of retail investor accounts lose money when trading CFDs with this provider.

AMarkets

7.1

$100 / €100

ECN - floating from 0 pips, Standard - floating from 1.3 pips, Fixed - fixed from 3 pips, Crypto - floating from 1.3 pips.

Open an Account

Your capital is at risk.

Pepperstone

8.29

$1

from 0.0 pips

Open an Account

Your capital is at risk.
Please note that your capital is at risk.

Average score of the Top crypto brokers on the Traders Union rating

This section features the average rating of the best cryptocurrency brokers. The assessment is made on the basis of a detailed analysis. Traders Union analysts rate brokers on over 100 criteria, including commission policy, trading instrument selection, deposit and withdrawal methods, analytics, learning tools, etc.

7.69/10
Eightcap
7.58/10
Exness
7.44/10
Forex4you

How to choose the best cryptocurrency broker?

You can choose the most suitable cryptocurrency broker by using the rating from Traders Union experts. You can get information about the features of a broker by reading its profile. Also in the profile you will find the Traders Union referral link, and you can register using it. Before you start working with a broker, you need to study the services and features that it offers. It is important that you get full information about the company before you decide to work with it. In particular, it is important to analyze the following information.

Reliability of a cryptocurrency broker

First of all, you need to learn the basic information about the crypto broker. It is important to know what year it began its operation. The older and more reputable the company, the better. You also need to learn information about where the broker is registered and the number of the registration certificate.

Financial license is the key factor in choosing a cryptocurrency broker. This is the most important document that ensures that the company complies with all reliability and safety requirements of the regulator for.

It is recommended to choose a company with a license from a reliable jurisdiction - the USA, EU countries (for example, Cyprus), Australia, etc.

Trading conditions

The second important factor in choosing a broker is the trading conditions, more specifically the fees. Read about the structure and size of commissions and fees. Fees may vary depending on the type of trading account. Therefore, check out the fee options for cryptocurrencies that the broker offers.

It is also important to evaluate the number of trading instruments, specifically the cryptocurrencies the broker offers access to trading.

First of all, these are the cryptocurrencies that the broker offers access to. Availability of derivative instruments, such as contracts for difference (CFD), futures, options, is an additional advantage. If you plan to trade instruments other than cryptocurrencies (for example, Forex, precious metals, stocks), look at what the broker has to offer in this respect.

Educational materials

Education is one of the key criteria for choosing a broker for novice traders. The more materials the company provides, the better. Companies may offer the following educational opportunities:

Video courses and tutorials.

Online webinars.

Educational blog.

Literature.

Glossary, etc.

Personal support of managers is a plus. Education can be paid or free. It is also important to pay attention to this when you are choosing a broker.

Analytics and news

Analytics is essential for effective trading. The more analytical materials and tools a company offers, the better. For example, a cryptocurrency broker may offer the following options:

Newsfeed.

Analytics by company experts and trading ideas.

Fundamental data.

Technical analysis tools on the trading platform.

Email newsletters and reports.

If you are planning to trade cryptocurrencies,choose a broker that offers digital assets analysis. However, it is much better when the broker offers analytics on other assets as well.

Customer support

The mission of customer support is to assist traders in case of any issues. The key criteria for evaluation of customer support are the operating time and the available ways of contacting the support. It is important to choose a broker whose support is available 24/7 or at least 24/5. As for the contact options, the following need to be considered:

Online chat.

Email.

Support by phone.

Support through instant messengers - Viber, Telegram, WhatsApp, Facebook Messenger and others, is also a big advantage.

How to start trading on a cryptocurrency exchange?

In order to start trading with a cryptocurrency broker, you need to:

Choose a good cryptocurrency broker. Brokerprofiles on the Traders Union’s website can be of great help. There is a referral link in each profile that you can use to register.

Fund your account. You can start with depositing a minimum amount to test the broker, its features and functionality. Information about the minimum deposit must be provided on the broker’s website. Traders can also find it in their Traders Union’s profile.

Select assets to trade. Some brokers offer a limited selection of instruments, such as only the most popular cryptocurrencies. Other companies offer a large list that includes dozens or even hundreds of digital assets.

Open a position. To do this, you need to understand how the trading platform of the brokerworks and check the selection of orders. Orders must be selected in accordance with the trading strategy.

Cryptocurrency trading is not much different to Forex trading or working with other assets. The goal is to buy low and sell high. If you work with contracts for differences (CFDs), then you can earn on the price difference. If you are just starting to trade in the financial markets, it is recommended to take one of the educational courses.

Things to consider when trading cryptocurrencies

Avoid risks, especially if you are a beginner. Monitor trades, be careful and close the trade if the conditions are unfavorable.

Be patient. Don’t rush into a trade. Wait for clear trading signals and their confirmation. It is better to miss a trade than to rush into it and lose money.

Learn to work with the order book. An order book with a list of quotes is one of the most important tools, because the success of a trader depends on cryptocurrency quotes.

Follow the information. The more information you get about a particular asset, the better. Keep track of trading volume, market capitalization, fundamental data, information dynamics.

Follow the rules of money management. Avoid opening trades for large amounts. Use no more than 10% of your deposit. In this case, you can avoid significant losses in case of a failed transaction.

Cryptocurrency trading has an important feature; it is difficult to trade large orders here. This is due to the fact that traders react to any big trade and can counteract. Therefore, if you plan to trade large volumes, it is better to separate transactions. It is best to divide transactions into several parts. For example, 0.5 BTC each.

Best Crypto Broker For Beginners

Interactive Brokers is the best cryptocurrency broker for beginners. This broker offers a low minimum deposit of just $100. There is a demo account for beginners here. There is also a good educational section.

The other brokers worth mentioning are eToro and Swissquote.hey offer even lower minimum deposits - $10 for eToro and $1 for Swissquote. However, Interactive Brokers’ educational sections are still better than those of their competitors.

Best Crypto Broker for Day Trading

eToro is the best broker for day trading. The platform offers low commissions, the spread for Forex is from 0.1 pip. The minimum deposit here is also suitable for day trading. An important advantage is the performance of the platform and a large number of trading robots.

Swissquote and Interactive Brokers are less suitable for day trading. In particular, IBKR does not offer the possibility to trade with robots. Both brokers have higher commissions compared to eToro.

Best Crypto Broker: Fees

In general, all three brokers offer competitive trading fees. However, the commissions on eToro can be considered the most advantageous. The company offers commissions from 0.1 pip. The fee amount o varies depending on the type of trading account, so it is important to get information about all types of accounts.

Swissquote and Interactive Brokers offer less favorable commissions. These companies charge fees based on trading volume. For example, Interactive Brokers has a commission of 0.18% for a trading volume of less than $100,000. On Swissquote it is 0.95% per trade.

Crypto Brokers | Expert opinion

Crypto brokers are companies that provide clients with access to cryptocurrency trading. Such brokers act as intermediaries between the client and the market. They have certain advantages over cryptocurrency exchanges, primarily in terms of access to other trading instruments. Often, commissions from such brokers are more favorable compared to classic crypto exchanges. This is especially true for ECN accounts.

When choosing, be sure to pay attention to the broker’s commission policy. Not only the size is important, but also the structure. For example, it can be a spread or commission per lot. The choice depends on trading volumes, your strategy and other factors. If you are just starting out in trading, it is important to learn. Make sure the company offers enough learning opportunities. Make sure that you have all the necessary trading tools.

Anton Kharitonov

Anton Kharitonov,

Traders Union expert

Latest reviews about crypto exchanges

  • Zoomex

    Flintka

    16.04.2024

    Comment

    I use Zoomex to trade futures contracts because I like its conditions. The mobile app for Android operates quickly and freezes very rarely. Yet, there are few indicators, so I switch to the web platform for deeper market analysis. Over 40 cryptocurrencies are available for deposits and withdrawals. The exchange supports the fast withdrawal of funds, however processing requests sometimes takes up to 30 minutes. All financial transactions are conducted 24/7. Technical support is also available without breaks, so all questions and problems are solved quickly. Zoomex’s speed and fees are overall fine for me.

  • Zoomex

    sandrado16

    15.04.2024

    Comment

    I’ve been trading cryptocurrency derivatives on Zoomex for over 2 years. Spot trading has become a significant advantage, since now I can trade both underlying assets and derivatives on a single platform. Also, it is possible to switch between DEX and CEX with one click. Today, the choice of cryptocurrency pairs is not very wide, but the most popular coins are available and new ones are added regularly. Occasionally, the exchange offers bonuses to its existing clients, including cash back for staking, an increased rate of a partner reward, etc. Copy trading is available on the web platform and in mobile apps. It is convenient as all portfolio and trading statistics are provided in one place and you don’t have to sign in on several platforms or download additional apps.

  • eToroX

    feizalakbar

    13.04.2024

    Comment

    eToroX is a good crypto company. Withdrawals take about 30 minutes. I don’t withdraw often, but the money always comes within the specified time. The support works great — if there are problems, they will definitely help you.

  • Binance

    mbialbeaniaan@gmail.com

    11.04.2024

    Comment

    Despite the growing number of reported hacks in the crypto space, I never once felt worried about using Binance as my crypto exchange. They have the most extensive security verification methods, and this makes me feel that trusting my funds with them is one of the best decisions I’ve made. Earlier this year I lost my phone number to which my Binance acct was connected and got very worried that my funds will be compromised. Turns out, it was easy to replace my old contact info with my new number, and they also suggested that I activate my 2-factor authentication for an extra layer of protection. I have also recently activated my passkeys for added security. All these years, Binance has been nothing but a trustworthy platform to me. I only trade crypto with them and nowhere else.

  • Margex

    RozhovMr

    10.04.2024

    Comment

    Upon registration with Margex, I received a $50 bonus. I couldn’t withdraw or use it for trading, but I reduced my trading fees with it. I like the web platform more since it is more functional than mobile apps. It is possible to switch between accounts for active and copy trading in one click, and more than 50 technical indicators and price alerts are available. The minimum leverage is 1:5. However, if I think there is no need to risk too much, 1:2 would be enough for me.

  • OKX

    dmitry.p.481@protonmail.com

    09.04.2024

    Comment

    Been playing around with OKX for a while now, mostly on their demo account. Great for getting the hang of the platform and trying out different trading strategies without risking real money. But the demo seems a bit limited. For example, it doesn't have all the features available on the live account, like margin trading. Wish you could test out everything before jumping in with real cash. Kind of feels like training wheels you gotta eventually take off.

  • Huobi Global

    botafogorio

    09.04.2024

    Comment

    What I liked about Huobi is that here you won’t be left alone with the market. They will always help if needed. They help those who are just starting and don’t currently have a strategy. It is important to note that trading and conditions here are suitable for everyone. Both novice and experienced traders feel comfortable here.

  • KickEX

    batlerdonald@gmail.com

    08.04.2024

    Comment

    Cool exchange, convenient, functional, secure, with low fees. I'm new to it, but I'm already enjoying the opportunity to trade on it. There's also profitability.

  • BitGet

    ma712490@gmail.com

    08.04.2024

    Comment

    I like to keep an eye on my crypto on the go, so the Bitget mobile app is pretty important to me. Most of the time it works fine, but sometimes it glitches out, especially when the market's crazy volatile. This can be stressful if you're trying to make a quick trade and the app freezes or something. Also, the charts on the app seem a little basic compared to the desktop platform. Would be nice to have more technical indicators and stuff for serious analysis on the go.

  • Huobi Global

    som.hasanov@gmail.com

    05.04.2024

    Comment

    HuobiGlobal trading platform includes a trading bot that you to trade with quant strategies. You can configure this bot to trade with strategies like mean reversion which focuses on the reverting of the price of stocks and financial instruments to their average value. This bots monitors the market, identify the best trade format, and executes the trade using the parameter set by the trader. The HTX grid trading bot an excellent tool for financial derivatives that to buys gradually when the market goes down, and sells automatically when the market starts to recover. The best way to maximize investors' profits in a volatile market is to buy coins during periods of declining value and earn USDT during periods of strong market conditions! Because major tokens are highly liquid and guarantee capital preservation and appreciation, the Grid Trading Bot is especially useful when trading them.HTX provides a grid trading user guide to help traders get started with the platform bots.

FAQs

In what cases is a crypto broker better than a crypto exchange?

Crypto brokers are for traders who plan to trade not only cryptocurrencies, but also other assets. In addition, they will suit people who are interested in trading major cryptocurrencies. Exchanges tend to have a wider choice of digital assets.

Do all brokers offer cryptocurrency trading?

No. Some companies do not provide this option to customers. Therefore, crypto brokers are a separate category among Forex brokers.

Should I trade with a crypto broker if I don’t plan to start trading cryptocurrencies?

Yes, even if you do not immediately plan to trade cryptocurrencies, but intend to start a little later. In this case, you do not have to transfer money and open an account with a new broker.

Do commissions differ between crypto brokers and crypto exchanges?

Yes, they have different structures. Crypto exchanges typically offer a Maker/Taker fee structure while crypto brokers apply spread and commission per lot.

Team that worked on the article

Ivan Andriyenko
Ivan Andriyenko
Author at Traders Union

Ivan is a financial expert and analyst specializing in Forex, crypto, and stock trading. He prefers conservative trading strategies with low and medium risks, as well as medium-term and long-term investments. He has been working with financial markets for 8 years. Ivan prepares text materials for novice traders. He specializes in reviews and assessment of brokers, analyzing their reliability, trading conditions, and features.

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Olga Shendetskaya
Olga Shendetskaya
Author and editor at Traders Union

Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.

Olga has extensive experience in writing and editing articles about the specifics of working in the Forex market, cryptocurrency market, stock exchanges and also in the segment of financial investment in general. This level of expertise allows Olga to create unique and comprehensive articles, describing complex investment mechanisms in a simple and accessible way for traders of any level.

Olga’s motto: Do well and you’ll be well!

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