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Intro and winners
To help you find the best crypto broker, we went ahead and did the research for you. We looked at the 102 online brokers that we cover, then checked their crypto offerings and services. The service providers listed below are brokers and not crypto exchanges. If you're looking for a crypto exchange platform, check out our page on cryptos. And now, without further ado...
Our top 5 picks for the best crypto brokers in 2022:
- eToro is the winner.
- TradeStation takes second place.
- Eightcap rounds out the top three.
- Swissquote came in fourth.
- Capital.com just made it to the list in fifth place.
| Broker | Overall score | Minimum deposit | Fee score | |
|---|---|---|---|---|
| #1 | eToro | 4.8 | $10 | 4.4 stars |
| #2 | TradeStation | 4.6 | $0 | 4.3 stars |
| #3 | Eightcap | 4.4 | $100 | 4.5 stars |
| #4 | Swissquote | 4.6 | $0 | 2.4 stars |
| #5 | Capital.com | 4.7 | $20 | 4.4 stars |
What makes a good crypto broker? First, they need to have a wide crypto selection. Second, the overall service of the broker, including trading platform and account opening, has to meet high standards. Finally, extra features like a crypto wallet also weighed in our selection. We test brokers based on close to 500 criteria with real accounts and real money.
Important: Some brokerage portfolios contain CFDs. CFDs are complex and very risky instruments, thus not suitable for everyone. You can easily lose your invested money when you trade these products. If you feel you need more info on what a CFD is, check out our CFD trading tips.
For more in-depth details about the different aspects of crypto trading read our cryptocurrency article.
And now, let's see the best crypto brokers one by one, starting with the winner, eToro.
#1 Best online broker for crypto trading
eToro
eToro is a well-known Israeli fintech company and a social trading broker, established in 2007.
Check out our eToro review tailored to the needs of beginner investors and traders.
eToro serves UK clients through a unit regulated by the Financial Conduct Authority (FCA) and Australians through an Australian Securities and Investment Commission (ASIC)-regulated entity. All other customers are served by a Cypriot unit that is regulated by the Cyprus Securities and Exchange Commission (CySEC).
eToro is not listed on any stock exchange, does not disclose its annual report on its website and does not have a bank parent.
Being regulated by the top-tier FCA and ASIC is a good sign for eToro's safety.
HEADS UP: Minimum deposit based on residency and account activation – Be sure to check the minimum deposit that is required to activate your account. After uploading your documents, a deposit is also needed in order to make trades. The amount of the deposit required is based on your residency, and ranges from $10 to $10,000. More details are available in the review’s Account opening section.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
#1 eToro
Markets and products
At eToro, you can trade CFDs and forex, as well as real stocks, ETFs and many cryptos. Innovative services like social trading and Smart Portfolios are also available.
| eToro | TradeStation | Eightcap | Swissquote | Capital.com | |
|---|---|---|---|---|---|
| Cryptos (#) | 76 | 11 | 331 | 35 | 490 |
| eToro | TradeStation | Eightcap | Swissquote | Capital.com | |
|---|---|---|---|---|---|
| Stocks | Yes | Yes | No | Yes | Yes |
| ETFs | Yes | Yes | No | Yes | Yes |
| Forex | Yes | No | Yes | Yes | Yes |
| Funds | No | Yes | No | Yes | No |
| Bonds | No | Yes | No | Yes | No |
| Options | No | Yes | No | Yes | No |
| Futures | No | Yes | No | Yes | No |
| CFDs | Yes | No | Yes | Yes | Yes |
#1 eToro
Fees
eToro offers free stock and ETF trading, while forex and CFD fees are low. On the negative side, non-trading fees are high, including a $5 withdrawal fee.
| Pros | Cons |
|---|---|
| • Low trading fees | • Inactivity fee |
| • Free stock and ETF trading | • $5 withdrawal fee |
| • Low forex and CFD fees |
| eToro | TradeStation | Eightcap | Swissquote | Capital.com | |
|---|---|---|---|---|---|
| Inactivity fee | Yes | Yes | No | No | No |
| Withdrawal fee | $5 | $0 | $0 | $10 | $0 |
| Deposit fee | $0 | $0 | $0 | $0 | $0 |
#2 Best online broker for crypto trading
TradeStation
TradeStation is a US stockbroker founded in 1982. It is regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). Clients are eligible for up to $500,000 investor protection per account (including cash up to $250,000).
TradeStation is considered safe because it has a long track record; transparently discloses its financials; and its parent company, the Monex Group, is listed on the Tokyo Stock Exchange.
#2 TradeStation
Markets and products
TradeStation grants access to a wide variety of US products, but its non-US market coverage is poor. Also, forex and CFDs are not available.
| eToro | TradeStation | Eightcap | Swissquote | Capital.com | |
|---|---|---|---|---|---|
| Cryptos (#) | 76 | 11 | 331 | 35 | 490 |
| eToro | TradeStation | Eightcap | Swissquote | Capital.com | |
|---|---|---|---|---|---|
| Stocks | Yes | Yes | No | Yes | Yes |
| ETFs | Yes | Yes | No | Yes | Yes |
| Forex | Yes | No | Yes | Yes | Yes |
| Funds | No | Yes | No | Yes | No |
| Bonds | No | Yes | No | Yes | No |
| Options | No | Yes | No | Yes | No |
| Futures | No | Yes | No | Yes | No |
| CFDs | Yes | No | Yes | Yes | Yes |
#2 TradeStation
Fees
TradeStation has low trading fees, and you can choose from multiple fee structures. On the negative side, there's an inactivity fee and only ACH is free for withdrawals.
| Pros | Cons |
|---|---|
| • Low trading fees | • Inactivity fee |
| • Low stock and ETF fees / Free stock trading | • WIthdrawal fee for bank wire transfers |
| • Free ACH withdrawals |
| eToro | TradeStation | Eightcap | Swissquote | Capital.com | |
|---|---|---|---|---|---|
| Inactivity fee | Yes | Yes | No | No | No |
| Withdrawal fee | $5 | $0 | $0 | $10 | $0 |
| Deposit fee | $0 | $0 | $0 | $0 | $0 |
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#3 Best online broker for crypto trading
Eightcap
Eightcap is an Australian global forex broker that was founded in 2009. The company operates two entities, regulated by the Australian Securities and Investments Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC).
Eightcap is considered safe because it is regulated by the top-tier ASIC.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 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.
#3 Eightcap
Markets and products
Eightcap's product selection covers only forex and CFDs for MT4 users. MT5 users can also access CFD cryptos but overall, popular asset types like real stocks and ETFs are not available.
| eToro | TradeStation | Eightcap | Swissquote | Capital.com | |
|---|---|---|---|---|---|
| Cryptos (#) | 76 | 11 | 331 | 35 | 490 |
| eToro | TradeStation | Eightcap | Swissquote | Capital.com | |
|---|---|---|---|---|---|
| Stocks | Yes | Yes | No | Yes | Yes |
| ETFs | Yes | Yes | No | Yes | Yes |
| Forex | Yes | No | Yes | Yes | Yes |
| Funds | No | Yes | No | Yes | No |
| Bonds | No | Yes | No | Yes | No |
| Options | No | Yes | No | Yes | No |
| Futures | No | Yes | No | Yes | No |
| CFDs | Yes | No | Yes | Yes | Yes |
#3 Eightcap
Fees
Eightcap has low forex and CFD fees, especially if you choose the Raw account. There are also no inactivity or withdrawal fees you have to pay.
| Pros | Cons |
|---|---|
| • Low trading fees | None |
| • Low non-trading fees | |
| • Low forex fees |
| eToro | TradeStation | Eightcap | Swissquote | Capital.com | |
|---|---|---|---|---|---|
| Inactivity fee | Yes | Yes | No | No | No |
| Withdrawal fee | $5 | $0 | $0 | $10 | $0 |
| Deposit fee | $0 | $0 | $0 | $0 | $0 |
#4 Best online broker for crypto trading
Swissquote
Swissquote is a Swiss investment bank established in 1996. It has three main trading entities:
- Swissquote Bank - it provides all asset classes, including stocks and ETFs. This entity is based in Switzerland and has multiple regulations, including the top-tier Swiss Financial Market Supervisory Authority (FINMA).
- Swissquote Bank Europe - it provides stocks, ETFs, funds, cryptos, forex, and CFD trading. This entity is based in Luxembourg and is regulated by the Commission de Surveillance du Secteur Financier (CSSF), Luxembourg's regulator.
- Swissquote LTD - it provides CFD and forex trading. The entity is based in the UK and regulated by the Financial Conduct Authority (FCA).
The fact that Swissquote Bank Ltd has a banking license, is listed on the Swiss stock exchange, discloses detailed financials regularly, and has a long track record are all great signs with respect to Swissquote's safety.
In this review, we focus mainly on the Swiss entity, sometimes referred to as "Swissquote Bank (CH)" and we will refer to the Luxembourg and UK-based entities as "Swissquote Europe (LUX)" and "Swissquote LTD (UK)", respectively.
#4 Swissquote
Markets and products
At Swissquote Bank (CH) and Swissquote Bank Europe (LUX), you can access many markets and trade a lot of different product types. At Swissquote LTD (UK) you can trade forex and CFDs.
| eToro | TradeStation | Eightcap | Swissquote | Capital.com | |
|---|---|---|---|---|---|
| Cryptos (#) | 76 | 11 | 331 | 35 | 490 |
| eToro | TradeStation | Eightcap | Swissquote | Capital.com | |
|---|---|---|---|---|---|
| Stocks | Yes | Yes | No | Yes | Yes |
| ETFs | Yes | Yes | No | Yes | Yes |
| Forex | Yes | No | Yes | Yes | Yes |
| Funds | No | Yes | No | Yes | No |
| Bonds | No | Yes | No | Yes | No |
| Options | No | Yes | No | Yes | No |
| Futures | No | Yes | No | Yes | No |
| CFDs | Yes | No | Yes | Yes | Yes |
#4 Swissquote
Fees
Swissquote charges no inactivity fee and you can trade an impressive selection of funds for favorable fees. On the other hand, trading fees are generally high, including stock and ETF fees, and withdrawing money comes with a price tag.
| Pros | Cons |
|---|---|
| • Low fund fees | • High stock and ETF fees |
| • No inactivity fee | • High bond fees |
| eToro | TradeStation | Eightcap | Swissquote | Capital.com | |
|---|---|---|---|---|---|
| Inactivity fee | Yes | Yes | No | No | No |
| Withdrawal fee | $5 | $0 | $0 | $10 | $0 |
| Deposit fee | $0 | $0 | $0 | $0 | $0 |
#5 Best online broker for crypto trading
Capital.com
Capital.com is a global CFD broker founded in 2016. It has offices located in the United Kingdom, Cyprus, Australia, Seychelles and Gibraltar, where each is authorized and regulated locally by the Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC) and the Financial Services Authority of Seychelles (FSA), respectively.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81.40% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
#5 Capital.com
Markets and products
Capital.com has an impressive selection of CFD products compared to other CFD brokers. However, it lacks popular asset types like exchange-listed futures and there is only a few real ETFs available.
| eToro | TradeStation | Eightcap | Swissquote | Capital.com | |
|---|---|---|---|---|---|
| Cryptos (#) | 76 | 11 | 331 | 35 | 490 |
| eToro | TradeStation | Eightcap | Swissquote | Capital.com | |
|---|---|---|---|---|---|
| Stocks | Yes | Yes | No | Yes | Yes |
| ETFs | Yes | Yes | No | Yes | Yes |
| Forex | Yes | No | Yes | Yes | Yes |
| Funds | No | Yes | No | Yes | No |
| Bonds | No | Yes | No | Yes | No |
| Options | No | Yes | No | Yes | No |
| Futures | No | Yes | No | Yes | No |
| CFDs | Yes | No | Yes | Yes | Yes |
#5 Capital.com
Fees
Forex CFD fees are low and some clients can trade real stocks for free, but stock index CFD fees (spreads plus overnight fees) are high. As a plus, there are no inactivity or withdrawal fees.
| Pros | Cons |
|---|---|
| • Low forex CFD fees | • High stock index CFD fees (spreads plus overnight fees) |
| • Commission-free real stocks (with tight spreads) | |
| • No withdrawal or inactivity fee |
| eToro | TradeStation | Eightcap | Swissquote | Capital.com | |
|---|---|---|---|---|---|
| Inactivity fee | Yes | Yes | No | No | No |
| Withdrawal fee | $5 | $0 | $0 | $10 | $0 |
| Deposit fee | $0 | $0 | $0 | $0 | $0 |
Best crypto brokers
Bottom line
Now that you've seen the details, let's zoom out. Here are the best crypto brokers in 2022:
| eToro | TradeStation | Eightcap | Swissquote | Capital.com | |
|---|---|---|---|---|---|
| Overall score | 4.8 | 4.6 | 4.4 | 4.6 | 4.7 |
| Fees score | 4.4 stars | 4.3 stars | 4.5 stars | 2.4 stars | 4.4 stars |
| Markets and products score | 4.3 stars | 3.0 stars | 1.8 stars | 5.0 stars | 3.1 stars |
| Mobile platform score | 4.7 stars | 4.8 stars | 3.8 stars | 4.7 stars | 4.9 stars |
| Deposit and withdrawal score | 3.9 stars | 2.3 stars | 4.5 stars | 4.6 stars | 4.5 stars |
| Account opening score | 5.0 stars | 5.0 stars | 5.0 stars | 4.0 stars | 5.0 stars |
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eToro is our winner, the best crypto broker in 2022.
We consider each broker featured on our list a good choice. Pick the winner, or any runner-up and take the next step in your crypto trading journey. Let us know what you think in the comments section.
Still unsure? Take a look at our broker finder tool to find the best crypto broker for you or learn more about investing your money.
