Trade on IBKR
To help you to find the best online broker for crypto trading, we went ahead and did the research for you. First, we selected more than 71 quality online brokers, then we checked and compared their crypto offering, fees, trading platform, deposit and withdrawal and more. We went deep, so you won't have to.
5 made it to the top. We highly recommend all 5 to you. And now, without further ado...
Our top 5 picks for the best online brokers for crypto trading of 2020:
- eToro is the winner. Free stock and ETF trading . Seamless account opening. Social trading experience.
- XTB in the second place. Low forex and stock index CFD fees. Free and fast deposit and withdrawal. Easy and fast account opening.
- City Index rounded out the top three. Low fees for forex and index CFDs. Fast and smooth account opening. Diverse research tools.
- Robinhood, numero quatro. Free US stock and ETF trading. Great mobile and web trading platforms. Fast and fully digital account opening.
- IG. First-class web trading platform. Superb educational tools. Great deposit and withdrawal options. Just made it to the list with being number five.
| Broker | Accepts clients from | Fee score | Best in | |
|---|---|---|---|---|
| #1 | eToro | Globally | 4.5 stars | Best broker for cryptos |
| #2 | XTB | Globally | 4.1 stars | Best CFD broker |
| #3 | City Index | Globally | 4.1 stars | |
| #4 | Robinhood | US | 4.7 stars | Best broker for beginners |
| #5 | IG | Globally | 3.4 stars |
What makes a good online broker for crypto trading? First, they need to offer a good amount of crypto currencies to trade with. Second, overall it should be a great broker. Finally, we appreciated if a broker offers some extra features, like a crypto wallet. Easy to list, but hard to figure it out. We are testing brokers along ~100 criteria with real accounts and real money. We know what's up.
Not sure which broker? For a tailored recommendation, check out the broker finder tool. You can enter your country and it will show only the relevant brokers. Want more details? Compare brokers with this detailed comparison table.
Boring, but important stuff: All broker's portfolio contains CFD products except for Robinhood. CFDs are complex and very risky, thus not suitable for everyone. You can easily lose all of your invested money. If you don't have a clue what a CFD is, start with these CFD trading tips.
You can also read very useful information about the safety of the different crypto assets in our bitcoin article..
And now, let's see the best online brokers for crypto trading one by one, starting with the winner, eToro.
#1 Best online broker for crypto trading
eToro
eToro is a well-known Israeli fintech startup, a social trading broker established in 2007.
eToro serves UK clients through an entity regulated by the Financial Conduct Authority (FCA), Australians through an Australian Securities and Investment Commission (ASIC) regulated entity. All other customers are served by a Cypriot entity 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 site and does not have a bank parent.
eToro is considered safe because its UK and Australian arms are regulated by top-tier financial authorities and it is a well-known fintech startup.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% 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.
| Pros | Cons |
|---|---|
| • Free stock and ETF trading | • High forex fees |
| • Seamless account opening | • Withdrawing money can be slow |
| • Social trading experience | • Only one account base currency |
#1 eToro
Fees
eToro offers free stock trading. On the negative side, forex trading fees are high and there is a fee charged for inactivity or withdrawal.
| Pros | Cons |
|---|---|
| • Low trading fees | • Withdrawal fee |
| • Free stock trading | • Monthly inactivity fee after 1 year of no trading |
| • Low CFD fees |
| eToro | XTB | City Index | Robinhood | IG | |
|---|---|---|---|---|---|
| Inactivity fee | Yes | Yes | Yes | No | Yes |
| Withdrawal fee | $5 | $0 | $0 | $0 | $0 |
| Deposit fee | $0 | $0 | $0 | $0 | $0 |
#1 eToro
Markets and products
At eToro you can trade with CFDs and forex, as well as real stocks, ETFs and many cryptocurrencies. In addition, the broker also offers innovative services like social trading and CopyPortfolio.
| eToro | XTB | City Index | Robinhood | IG | |
|---|---|---|---|---|---|
| Cryptos (#) | 16 | 25 | 6 | 7 | 8 |
| eToro | XTB | City Index | Robinhood | IG | |
|---|---|---|---|---|---|
| Stock | Yes | Yes | No | Yes | Yes |
| ETF | Yes | Yes | No | Yes | Yes |
| Forex | Yes | Yes | Yes | No | Yes |
| Fund | No | No | No | No | No |
| Bond | No | No | No | No | No |
| Options | No | No | No | Yes | Yes |
| Futures | No | No | No | No | No |
| CFD | Yes | Yes | Yes | No | Yes |
#1 eToro
Account opening
Account opening at eToro is seamless and very fast.
| Pros | Cons |
|---|---|
| • Fast | None |
| • Fully digital | |
| • Low minimum deposit |
| eToro | XTB | City Index | Robinhood | IG | |
|---|---|---|---|---|---|
| Minimum deposit | $200 | $0 | $100 | $0 | $0 |
| Time to open account | 1 day | 1 day | 1 day | 1 day | 1-3 days |
#1 eToro
Deposit and withdrawal
Depositing money is free and easy, with a lot of available options, including credit cards. However, there is a withdrawal fee and only USD accounts are available.
| Pros | Cons |
|---|---|
| • Credit/Debit card available | • Only one account base currency |
| • No deposit fee | • $5 withdrawal fee |
| • User-friendly | • Conversion fee for non-USD deposits |
| eToro | XTB | City Index | Robinhood | IG | |
|---|---|---|---|---|---|
| Bank Transfer | Yes | Yes | Yes | Yes | Yes |
| Credit/Debit card | Yes | No | Yes | No | Yes |
| Electronic wallets | Yes | No | Yes | No | Yes |
| Withdrawal fee | $5 | $0 | $0 | $0 | $0 |
#1 eToro
Web trading platform
eToro offers a user-friendly and well-designed web trading platform. In addition, social trading is also available. On the other hand, the customizability is limited.
| Pros | Cons |
|---|---|
| • User-friendly | • Limited customizability (for charts, workspace) |
| • Clear fee report | |
| • Two-step (safer) login |
| eToro | XTB | City Index | Robinhood | IG | |
|---|---|---|---|---|---|
| Web platform score | 4.4 stars | 4.4 stars | 4.3 stars | 4.5 stars | 5.0 stars |
| Mobile platform score | 4.9 stars | 4.4 stars | 4.3 stars | 5.0 stars | 5.0 stars |
| Desktop platform score | - | 4.4 stars | 3.0 stars | - | - |
| Can you set leverage manually? | Yes | No | No | Yes | No |
#1 eToro
Verdict
eToro has zero-commission stock trading. Account opening is swift and seamless. It also has a lot of innovative features, like social trading and copying other (successful) traders.
It has some drawbacks, though. Forex fees are high and eToro only allows USD accounts, which means that conversion costs on deposits and withdrawals can be high in some cases. Live chat is hard to reach and their educational materials could be better.
Overall, we would recommend eToro for its social trading feature and zero-commission stock trading.
Risk disclaimer
eToro is a multi-asset platform that offers both investing in stocks and crypto assets, as well as trading CFD assets.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% 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.
Cryptoassets are volatile instruments that can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading crypto assets is unregulated and therefore is not supervised by any EU regulatory framework.
Past performance is not an indication of future results.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.
#2 Best online broker for crypto trading
XTB
XTB is a global CFD and forex broker with headquarters in London and Warsaw, founded in 2002. The company is regulated by several financial authorities worldwide, including the top-tier UK Financial Conduct Authority (FCA). In addition, XTB is listed on the Warsaw Stock Exchange, and as such is required to disclose its financials.
XTB is considered safe because it has a long track record, is listed on a stock exchange, and publishes its financial statements transparently.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% 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.
| Pros | Cons |
|---|---|
| • Low forex and stock index CFD fees | • High fees for stock CFDs |
| • Free and fast deposit and withdrawal | • Product portfolio limited mostly to CFDs and FX |
| • Easy and fast account opening | • Limited fundamental data |
#2 XTB
Fees
XTB has low forex and stock index CFD fees. There is also no withdrawal fee for most transfers. On the other hand, stock CFD fees are high, and XTB also charges an inactivity fee.
| Pros | Cons |
|---|---|
| • Low forex fees | • High stock CFD fees |
| • Low stock index CFD fees | • Inactivity fee |
| • No withdrawal fee for transfers above $100 |
| eToro | XTB | City Index | Robinhood | IG | |
|---|---|---|---|---|---|
| Inactivity fee | Yes | Yes | Yes | No | Yes |
| Withdrawal fee | $5 | $0 | $0 | $0 | $0 |
| Deposit fee | $0 | $0 | $0 | $0 | $0 |
#2 XTB
Markets and products
XTB's default product selection includes only CFDs, forex and crypto. Some European clients can also trade real stocks and ETFs. Popular asset classes like bonds, mutual funds, options and futures are not available.
| eToro | XTB | City Index | Robinhood | IG | |
|---|---|---|---|---|---|
| Cryptos (#) | 16 | 25 | 6 | 7 | 8 |
| eToro | XTB | City Index | Robinhood | IG | |
|---|---|---|---|---|---|
| Stock | Yes | Yes | No | Yes | Yes |
| ETF | Yes | Yes | No | Yes | Yes |
| Forex | Yes | Yes | Yes | No | Yes |
| Fund | No | No | No | No | No |
| Bond | No | No | No | No | No |
| Options | No | No | No | Yes | Yes |
| Futures | No | No | No | No | No |
| CFD | Yes | Yes | Yes | No | Yes |
#2 XTB
Account opening
XTB's account opening process is hassle-free, straightforward and fully digital. Your account will be ready for trading on the same day.
| Pros | Cons |
|---|---|
| • Fast | None |
| • Fully digital | |
| • No minimum deposit |
| eToro | XTB | City Index | Robinhood | IG | |
|---|---|---|---|---|---|
| Minimum deposit | $200 | $0 | $100 | $0 | $0 |
| Time to open account | 1 day | 1 day | 1 day | 1 day | 1-3 days |
#2 XTB
Deposit and withdrawal
XTB deposits and withdrawals are fast, mostly free, and can be done via several channels.
| Pros | Cons |
|---|---|
| • Credit/Debit card available | • Few minor account currencies accepted |
| • Free withdrawal | |
| • No deposit fee |
| eToro | XTB | City Index | Robinhood | IG | |
|---|---|---|---|---|---|
| Bank Transfer | Yes | Yes | Yes | Yes | Yes |
| Credit/Debit card | Yes | No | Yes | No | Yes |
| Electronic wallets | Yes | No | Yes | No | Yes |
| Withdrawal fee | $5 | $0 | $0 | $0 | $0 |
#2 XTB
Web trading platform
XTB's xStation 5 platform is user-friendly, can be customized and has a good search function. On the other hand, two-step login is not available.
| Pros | Cons |
|---|---|
| • User-friendly | • No two-step (safer) login |
| • Clear fee report | |
| • Good search function |
| eToro | XTB | City Index | Robinhood | IG | |
|---|---|---|---|---|---|
| Web platform score | 4.4 stars | 4.4 stars | 4.3 stars | 4.5 stars | 5.0 stars |
| Mobile platform score | 4.9 stars | 4.4 stars | 4.3 stars | 5.0 stars | 5.0 stars |
| Desktop platform score | - | 4.4 stars | 3.0 stars | - | - |
| Can you set leverage manually? | Yes | No | No | Yes | No |
#2 XTB
Verdict
XTB is a great CFD and forex broker. It is regulated by several financial authorities globally, including the UK's FCA. The company is listed on the Warsaw Stock Exchange.
On the plus side, its forex and stock index CFD fees are low, and the deposit and withdrawal process is fast and mostly free. We also liked the seamless and hassle-free account opening process.
XTB has some drawbacks, though. Stock CFD fees are high. The product range is mainly limited to FX and CFDs, although real stock and ETF trading is available in some European countries. Fundamental data offered by XTB covers only a few basics such as P/E.
We recommend XTB for clients who prefer forex or CFD trading, and also want to enjoy great deposit and withdrawal options along with fast account opening. Feel free to test it using a demo account.
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#3 Best online broker for crypto trading
City Index
City Index was founded in 1983 and it is a global CFD and FX broker. City Index is the trading name of GAIN Capital, which is listed on the New York Stock Exchange. The company is regulated by top-tier financial authorities, such as the Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC) or Monetary Authority of Singapore (MAS).
City Index is considered safe because it has a long track record, is regulated by top-tier financial authorities, and its parent company is listed on a stock exchange.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% 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.
| Pros | Cons |
|---|---|
| • Low fees for forex and index CFDs | • Limited product portfolio |
| • Fast and smooth account opening | • High stock CFD fees |
| • Diverse research tools | • Not user-friendly desktop platform |
#3 City Index
Fees
City Index has low fees for forex and stock index CFDs. On the other hand, stock CFD fees are high and they charge inactivity fee after one year.
| Pros | Cons |
|---|---|
| • Low forex fees | • Inactivity fee |
| • No withdrawal fee | • High stock CFD fee |
| • Low stock index CFD fees |
| eToro | XTB | City Index | Robinhood | IG | |
|---|---|---|---|---|---|
| Inactivity fee | Yes | Yes | Yes | No | Yes |
| Withdrawal fee | $5 | $0 | $0 | $0 | $0 |
| Deposit fee | $0 | $0 | $0 | $0 | $0 |
#3 City Index
Markets and products
At City Index, you can only trade with CFDs, forex, and cryptos. Unfortunately, real stocks, bonds and ETFs are not available.
| eToro | XTB | City Index | Robinhood | IG | |
|---|---|---|---|---|---|
| Cryptos (#) | 16 | 25 | 6 | 7 | 8 |
| eToro | XTB | City Index | Robinhood | IG | |
|---|---|---|---|---|---|
| Stock | Yes | Yes | No | Yes | Yes |
| ETF | Yes | Yes | No | Yes | Yes |
| Forex | Yes | Yes | Yes | No | Yes |
| Fund | No | No | No | No | No |
| Bond | No | No | No | No | No |
| Options | No | No | No | Yes | Yes |
| Futures | No | No | No | No | No |
| CFD | Yes | Yes | Yes | No | Yes |
#3 City Index
Account opening
City Index account opening is fully digital and there is no minimum deposit. It took us one day to have an approved open account.
| Pros | Cons |
|---|---|
| • Fast | None |
| • Fully digital | |
| • No minimum deposit |
| eToro | XTB | City Index | Robinhood | IG | |
|---|---|---|---|---|---|
| Minimum deposit | $200 | $0 | $100 | $0 | $0 |
| Time to open account | 1 day | 1 day | 1 day | 1 day | 1-3 days |
#3 City Index
Deposit and withdrawal
City Index provides multiple options for deposit and withdrawal and they are free of charge. However, the withdrawal with some credit cards is not possible.
| Pros | Cons |
|---|---|
| • Credit/Debit card available | • Problem with credit card withdrawal |
| • Free withdrawal | |
| • No deposit fee |
| eToro | XTB | City Index | Robinhood | IG | |
|---|---|---|---|---|---|
| Bank Transfer | Yes | Yes | Yes | Yes | Yes |
| Credit/Debit card | Yes | No | Yes | No | Yes |
| Electronic wallets | Yes | No | Yes | No | Yes |
| Withdrawal fee | $5 | $0 | $0 | $0 | $0 |
#3 City Index
Web trading platform
City Index's web trading platform is user-friendly and extremely customizable. It has also a lot of order types. On the flip side, there is no two-step login.
| Pros | Cons |
|---|---|
| • User-friendly | • No two-step (safer) login |
| • Good customizability (for charts, workspace) | |
| • Good variety of order types |
| eToro | XTB | City Index | Robinhood | IG | |
|---|---|---|---|---|---|
| Web platform score | 4.4 stars | 4.4 stars | 4.3 stars | 4.5 stars | 5.0 stars |
| Mobile platform score | 4.9 stars | 4.4 stars | 4.3 stars | 5.0 stars | 5.0 stars |
| Desktop platform score | - | 4.4 stars | 3.0 stars | - | - |
| Can you set leverage manually? | Yes | No | No | Yes | No |
#3 City Index
Verdict
City Index is a great CFD and forex broker regulated by top-tier financial authorities, such as the UK FCA.
On the bright side, it has low forex and stock index CFD fees, a smooth account opening process, and high-quality research tools.
It has some drawbacks though. The product portfolio is limited, the stock CFD fees are quite high, and the desktop platform falls behind of its competitor's solutions.
As there is no minimum balance, no withdrawal fee and inactivity fee only kicks in after one year, feel free to try City Index out.
#4 Best online broker for crypto trading
Robinhood
Robinhood is a US zero-fee discount broker established in 2013. The company is regulated by top-tier financial authorities, such as the US Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).
Besides the brokerage service, Robinhood introduced a Cash Management service, which can earn interest on your uninvested amounts. It's a great and unique service. You can read more details here.
BrokerChooser is committed to bringing high transparency and clarity to our customers not just brokers, but also our partners: BrokerChooser's Advertiser Disclosure.
| Pros | Cons |
|---|---|
| • Free US stock and ETF trading | • Limited product range |
| • Great mobile and web trading platforms | • Weak customer support |
| • Fast and fully digital account opening | • Few educational materials |
#4 Robinhood
Fees
Trading US stocks and ETFs is free at Robinhood. It's also great that Robinhood doesn't charge an inactivity or withdrawal fee. On the negative side, there is high margin rates.
| Pros | Cons |
|---|---|
| • Commission-free US stock and ETF trading | • High margin rate |
| • No fee for deposit or withdrawal | |
| • Transparent fee structure |
| eToro | XTB | City Index | Robinhood | IG | |
|---|---|---|---|---|---|
| Inactivity fee | Yes | Yes | Yes | No | Yes |
| Withdrawal fee | $5 | $0 | $0 | $0 | $0 |
| Deposit fee | $0 | $0 | $0 | $0 | $0 |
#4 Robinhood
Markets and products
Robinhood's product portfolio is limited, as it offers only stocks, ETFs, options and cryptos. Furthermore, assets are limited mainly to US markets.
| eToro | XTB | City Index | Robinhood | IG | |
|---|---|---|---|---|---|
| Cryptos (#) | 16 | 25 | 6 | 7 | 8 |
| eToro | XTB | City Index | Robinhood | IG | |
|---|---|---|---|---|---|
| Stock | Yes | Yes | No | Yes | Yes |
| ETF | Yes | Yes | No | Yes | Yes |
| Forex | Yes | Yes | Yes | No | Yes |
| Fund | No | No | No | No | No |
| Bond | No | No | No | No | No |
| Options | No | No | No | Yes | Yes |
| Futures | No | No | No | No | No |
| CFD | Yes | Yes | Yes | No | Yes |
#4 Robinhood
Account opening
Robinhood account opening is seamless and fully digital and can be completed within a day. On the negative side, only US clients can open an account.
| Pros | Cons |
|---|---|
| • Fast | • Available only for US clients |
| • Fully digital | |
| • No minimum deposit |
| eToro | XTB | City Index | Robinhood | IG | |
|---|---|---|---|---|---|
| Minimum deposit | $200 | $0 | $100 | $0 | $0 |
| Time to open account | 1 day | 1 day | 1 day | 1 day | 1-3 days |
#4 Robinhood
Deposit and withdrawal
Deposit and withdrawal at Robinhood are free and easy and you can use a great cash management service. On the other hand, you can use only bank transfer, and deposits above your 'instant' limit may take several business days.
| Pros | Cons |
|---|---|
| • Free withdrawal | • Credit/Debit card not available |
| • No deposit fee | • Depositing larger amounts on Robinhood Gold takes longer |
| • Cash management service | • Wire withdrawal is pricey |
| eToro | XTB | City Index | Robinhood | IG | |
|---|---|---|---|---|---|
| Bank Transfer | Yes | Yes | Yes | Yes | Yes |
| Credit/Debit card | Yes | No | Yes | No | Yes |
| Electronic wallets | Yes | No | Yes | No | Yes |
| Withdrawal fee | $5 | $0 | $0 | $0 | $0 |
#4 Robinhood
Web trading platform
Robinhood provides a safe, user-friendly and well-designed web trading platform. On the downside, customizability is limited.
| Pros | Cons |
|---|---|
| • User-friendly | • Limited customizability (for charts, workspace) |
| • Clear fee report | |
| • Two-step (safer) login |
| eToro | XTB | City Index | Robinhood | IG | |
|---|---|---|---|---|---|
| Web platform score | 4.4 stars | 4.4 stars | 4.3 stars | 4.5 stars | 5.0 stars |
| Mobile platform score | 4.9 stars | 4.4 stars | 4.3 stars | 5.0 stars | 5.0 stars |
| Desktop platform score | - | 4.4 stars | 3.0 stars | - | - |
| Can you set leverage manually? | Yes | No | No | Yes | No |
#4 Robinhood
Verdict
Robinhood fees are great. US stock trading is commission-free, and there is no withdrawal or inactivity fee. Robinhood has awesome, user-friendly mobile and web trading platforms. Account opening is easy, fully digital and fast.
Robinhood has some drawbacks though. Most of the products you can trade are limited to the US market. Customer support is weak; you can only reach them via e-mail and it can take some time to get an answer. It provides educational articles but little else to guide you through the world of trading.
If you want to trade US stocks for free and are looking for an easy-to-use platform, Robinhood is your best choice.
#5 Best online broker for crypto trading
IG
IG was established in the UK in 1974 and is one of the biggest CFD brokers in the world. It is regulated by several bodies globally, including top-tier regulators like the UK's Financial Conduct Authority (FCA) and Germany's Federal Financial Supervisory Authority (BaFin). IG Group is listed on the London Stock Exchange.
IG is considered safe because it is listed on a stock exchange, discloses its financials and is overseen by top-tier regulators.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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. CFDs are not provided for US clients. Forex trading involves risk. Losses can exceed deposits.
| Pros | Cons |
|---|---|
| • First-class web trading platform | • High stock CFD fees |
| • Superb educational tools | • Limited product portfolio |
| • Great deposit and withdrawal options | • Slow customer support |
#5 IG
Fees
IG has low fees for stock index CFDs, while forex fees are average to low. There is no fee for withdrawals and an inactivity fee is charged only after 2 years. On the negative side, the stock CFD fees are high.
| Pros | Cons |
|---|---|
| • No withdrawal fee | • High stock CFD trading fees |
| • Low stock index CFD trading fees |
| eToro | XTB | City Index | Robinhood | IG | |
|---|---|---|---|---|---|
| Inactivity fee | Yes | Yes | Yes | No | Yes |
| Withdrawal fee | $5 | $0 | $0 | $0 | $0 |
| Deposit fee | $0 | $0 | $0 | $0 | $0 |
#5 IG
Markets and products
At IG, most clients can only trade with CFDs, forex and options. There are literally thousands of CFDs available to trade. Residents in the UK and some other countries can also trade with real stocks. Other popular assets, however, like mutual funds and bonds, are not available.
| eToro | XTB | City Index | Robinhood | IG | |
|---|---|---|---|---|---|
| Cryptos (#) | 16 | 25 | 6 | 7 | 8 |
| eToro | XTB | City Index | Robinhood | IG | |
|---|---|---|---|---|---|
| Stock | Yes | Yes | No | Yes | Yes |
| ETF | Yes | Yes | No | Yes | Yes |
| Forex | Yes | Yes | Yes | No | Yes |
| Fund | No | No | No | No | No |
| Bond | No | No | No | No | No |
| Options | No | No | No | Yes | Yes |
| Futures | No | No | No | No | No |
| CFD | Yes | Yes | Yes | No | Yes |
#5 IG
Account opening
IG's account opening is seamless and fully digital. There is no minimum deposit for bank transfers and a low, $/€300 minimum deposit for credit/debit cards and PayPal. On the other hand, account verification takes around 3 business days, which is slower than at some other brokers.
| Pros | Cons |
|---|---|
| • Fully digital | • Slower account opening |
| • Low minimum deposit | |
| • No minimum deposit for bank transfer |
| eToro | XTB | City Index | Robinhood | IG | |
|---|---|---|---|---|---|
| Minimum deposit | $200 | $0 | $100 | $0 | $0 |
| Time to open account | 1 day | 1 day | 1 day | 1 day | 1-3 days |
#5 IG
Deposit and withdrawal
IG offers free and fast deposits and withdrawals. There are various options for funding your account, including traditional methods such as bank wire transfer and credit card funding, as well as PayPal.
| Pros | Cons |
|---|---|
| • Credit/Debit card available | None |
| • Free withdrawal | |
| • No deposit fee |
| eToro | XTB | City Index | Robinhood | IG | |
|---|---|---|---|---|---|
| Bank Transfer | Yes | Yes | Yes | Yes | Yes |
| Credit/Debit card | Yes | No | Yes | No | Yes |
| Electronic wallets | Yes | No | Yes | No | Yes |
| Withdrawal fee | $5 | $0 | $0 | $0 | $0 |
#5 IG
Web trading platform
IG's web trading platform is great for both beginners and professional traders. It is easy to use, has all the necessary functions and can be customized.
| Pros | Cons |
|---|---|
| • User-friendly | None |
| • Clear fee report | |
| • Two-step (safer) login |
| eToro | XTB | City Index | Robinhood | IG | |
|---|---|---|---|---|---|
| Web platform score | 4.4 stars | 4.4 stars | 4.3 stars | 4.5 stars | 5.0 stars |
| Mobile platform score | 4.9 stars | 4.4 stars | 4.3 stars | 5.0 stars | 5.0 stars |
| Desktop platform score | - | 4.4 stars | 3.0 stars | - | - |
| Can you set leverage manually? | Yes | No | No | Yes | No |
#5 IG
Verdict
IG is one of the biggest and most reliable CFD brokers. It is regulated by several financial authorities around the world. IG Group is listed on the London Stock Exchange.
IG has one of the best web trading platforms BrokerChooser has tested. The deposit and withdrawal conditions are great. You can also expand your knowledge with great educational materials.
On the other hand, there are some drawbacks. The stock CFD fees are high and the product portfolio in most countries is limited to forex, CFDs and options. Customer support could be better.
Feel free to test IG's first-class trading platform, since there is no minimum funding amount for bank transfers and you can also easily open a demo account.
Best online brokers for crypto trading
Bottom line
You saw the details, now let's zoom out. Here are the best online brokers for trading crytos in 2020:
| eToro | XTB | City Index | Robinhood | IG | |
|---|---|---|---|---|---|
| Overall score | 4.7 | 4.7 | 4.6 | 4.6 | 4.6 |
| Award | Best broker for cryptos | Best CFD broker | Best broker for beginners | ||
| Fees score | 4.5 stars | 4.1 stars | 4.1 stars | 4.7 stars | 3.4 stars |
| Account opening score | 5.0 stars | 5.0 stars | 5.0 stars | 5.0 stars | 4.4 stars |
| Deposit and withdrawal score | 3.7 stars | 4.5 stars | 4.3 stars | 2.8 stars | 4.5 stars |
| Markets and products score | 3.8 stars | 2.8 stars | 2.0 stars | 2.4 stars | 3.5 stars |
| Web platform score | 4.4 stars | 4.4 stars | 4.3 stars | 4.5 stars | 5.0 stars |
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Your capital is at risk |
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79% of retail CFD accounts lose money |
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74% of retail CFD accounts lose money |
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76% of retail CFD accounts lose money |
eToro is our winner, the best broker for cryptos in 2020. Free stock and ETF trading . Seamless account opening. Social trading experience
All are considered 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 comment section.
Still unsure? Use the broker finder and find the best crypto broker for you or learn more about investing your money.
