CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Learn about how brokers are ranked...
Please Note: If you want to buy cryptocurrency rather than trade it you need a Cryptocurrency exchange like Revolut
Cryptocurrency Trading: Compare FCA Regualted Brokers
|Featured Cryptocurrency Broker||What Cryptocurrencies can you trade?||How much does Crypto trading cost?||CEO Interview||More Info|
|Trade eight cryptocurrencies, including bitcoin, ether, ripple and litecoin, without taking ownership of the underlying. Or get broad exposure in a single trade with our Crypto 10 index via CFDs or spread bets.||Trade Bitcoin with a 50 point minimum spread, 2 points on Ether and 40 points for IG Crypto Indices|| Visit IG
|Spread bet or trade CFDs on popular cryptocurrencies, including bitcoin, ethereum, litecoin and ripple, as well as our unique range of crypto indices.||Trade Bitcoin with min 30 point spreads. The CMC All Crypto Index has 35 point spreads|| Visit CMC
|5 cryptocurrency derivative products – Bitcoin, Bitcoin Cash, Ethereum, Dash and Litecoin – and leverage up to 2:1 across all of our trading platforms.||No commission fees and leverage of up to 5:1 for Professional Clients, and 2:1 for Retail Clients||Read Tamas Szabo CEO Interview|| Visit Pepperstone
|Trade crypto CFDs on eToro and speculate on a 98 cryptocurrencies without buying the underlying coin||eToro crypto trading costs are built into the spread. Overnight funding is charge on top as are fees for social trading.|| Visit eToro
|Access to two Exchange Traded Notes (ETNs) that track the movement of Bitcoin and Ethereum against the USD (BTC/USD and ETH/USD).||Saxo has three pricing tiers. Pay less as you trade more. Commissions from £4.99 on UK-listed ETFs, and $3 for US-listed.||Read Andrew Edwards CEO Interview|| Visit Saxo
|Choose from 9 individual coins or 16 Crypto pairs including Bitcoin, Dash, Litecoin, Ethereum & Ripple||Competitive crypto trading spreads from 70 points on Bitcoin and 8 on Ethereum.|| Visit XTB
|Trade CFDs of spread bet on cryptocurrencies including bitcoin, bitcoin cash, ether, ripple, litecoin and ripple.||Bitcoin spreads from 40, Ethereum from 4 and Ripple from 1.|| Visit Spreadex
|Trade cryptocurrency CFDs with leverage and 24/71 availability on Bitcoin, Ethereum / Bitcoin, Ethereum, Crypto 10 Index, Litecoin, NEO, Ripple XRP, IOTA, Stellar, EOS, Bitcoin Cash ABC, Cardano, Tron & Monero||Crypto CFD spreads are variable on Plus 500. No commission is charged. Overnight financing is charged on held positions.||Coming Soon|| Visit Plus 500
Plus 500 Reviews
|Trade Crypto volatility without owning Cryptocurrency on Bitcoin, Ethereum, Litecoin and Ripple.||City Index claim to offer the lowest cost Cryptocurrency trading, with market-leading pricing on Bitcoin, Ethereum, Litecoin and Ripple.||Coming Soon|| Visit City Index
City Index Reviews
|Trading cryptocurrencies through ETX's Spread Betting and trading CFDs allows you to take advantage of crypto price moves without having to open an exchange account.||Profits are tax free through spread bet trading on cryptocurrencies including Bitcoin, Ethereum, Ripple and Litecoin.||Phil Adler CEO Interview||ETX Reviews|
What are the most reputable cryptocurrency brokers in the UK?
Cryptocurrency trading is in it's infancy, and there are firms popping up everyday that claim to be cryptocurrency brokers in the UK. however, in reality cryptocurrency, is just another currency or asset class, no different to Gold, which is actually traded against the USD. So if you are looking for a cryptocurrency broker in the UK there are many established brokers that are adding cryptocurrency to their offering.
Which are the best CFD cryptocurrency brokers in the UK?
We highlight the best cryptocurrency CFD brokers in the UK above in our cryptocurrency broker comparison tables. Only FCA regulated brokers based in the UK are included in the crypto comparison, as client funds are protected under the FSCS scheme.
Trading cryptocurrencies through a spread betting broker means your profits are free from capital gains tax. Although this is subject to change, it means that spread betting on cryptocurrencies is one of the most cost-effective ways to trade.
Compare the best spread betting accounts that offer access to digital currencies.
Comparing FCA regulated cryptocurrency brokerage firms
It's important to avoid cryptocurrency scams by only using a fully FCA regulated cryptocurrency broker. Some brokers can give access to Bitcoin futures on the CME, offer cryptocurrency spread betting of CFD trading on cryptocurrencies.
You can find cryptocurrency specific brokers here:
- Bitcoin brokers
- Ethereum brokers
- Ripple brokers
- NEM brokers
- Monero brokers
- Litecoin brokers
- Dash brokers
- Bitcoin Cash brokers
Top ten brokers that trade cryptocurrency
If you are looking for the top ten brokers that trade cryptocurrencies, there is no definitive list. This is because brokers that trade cryptocurrencies vary dramatically depending on your requirements. Some crypto brokers offer tight pricing, but no added value. Other crypto brokers offer lots of research, analysis and data. So it really depends on what you are looking for. That said, all the cryptocurrency brokers listed in our comparison tables should be considered to be in the top ten.
Where to find Bitcoin CFD brokers
Trading bitcoin on CFDs is one of the most popular ways to trade as you can speculate on margin and profits whether the price goes up or down. You can view the best CFD brokers in the UK in our comparison tables. As there are now Bitcoin futures on the CME, it;s easier for broker to hedge so now most CFD brokers offer Bitcoin CFDs.
Are there any Bitcoin MT4 brokers in our lists?
Yes, you can view our MT4 brokers comparison table if you want to trade Bitcoin on MT4. trading Bitcoin on MT4 is no different to trading any other currency (in theory). In practice, Bitcoin is far more volatile, the spreads are wider and it is more expensive to hold overnight positions. This isn't just for Bitcoin MT4 trading, it applies for trading Bitcoin in general.
How to trade and buy cryptocurrencies
If you want to speculate on the price of cryptocurrencies there are basically two ways to do it.
- Go to a bitcoin exchagne and buy some bitcoin.
- Trade it with a derivatives (CFD or spread betting) broker
If you buy through a bitcoin exchange, you just buy the bitcoin and tuck it away hoping the price will go up.
The disadvantage here is that if you buy $10,000 worth of Bitcoin you need to pay $10,000 for it. The advantage of this of course is that, that is your risk. If Bitcoin goes to zero you lose $10,000.
Or you could speculate on the price through a broker like ETX. Derivatives brokers allow you to speculate on whether or not the price will go up or down without actually owning it.
If you trade Bitcoin through a spread bet, then you don;t have to pay capital gains on your profits. Of course, if you lose money you can't offset it against investment profits.
Also, trading on leverage is massively risky. Especially in crytocurrencies are very new and many think they are going to zero.
See JP Morgan Chase CEO Jamie Dimon calling Bitcoin a fraud and that it will go to zero, but he wouldn't dare short it as there is no telling how high it could go.
So there you go, potentially massive rewards but equally massive and catastrophic loss risk.
For further information you can read our article how and where to trade bitcoin with a UK broker...
US cryptocurrency brokers for trading Crypto in the USA
We generally on feature cryptocurrency brokers for UK trading, but if you are looking for a cryptocurrency broker for US trading you can view our US crypto broker comparison table here.