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To help you find the best online broker for crypto trading, we went ahead and did the research for you. First, we selected more than 98 quality online brokers, then checked and compared their crypto selection, fees, trading platform, deposit and withdrawal options and much much more. We dug deep, so you won't have to.

5 made it to the top list. We highly recommend all 5 to you. And now, without further ado...

Our top 5 picks for the best online brokers for crypto trading for 2021:

  1. eToro is the winner. Free stock and ETF trading. Seamless account opening. Social trading.
  2. XTB takes second place. Low forex CFD fees, commission-free stocks/ETFs for some. Free and fast deposit and withdrawal. Easy and fast account opening.
  3. Swissquote rounds out the top three. Access to many markets and products. No inactivity fee. Rock-solid background.
  4. Capital.com, numero quattro. Low forex CFD fees and commission-free real stocks. Great account opening experience. Excellent email and chat support.
  5. HYCM. just made it to the list in fifth place. Low forex and CFD fees. Great educational content. User-friendly account opening.
Best online brokers for crypto trading in 2021
Broker Accepts clients from Fee score Best in
#1 eToro Globally 4.3 stars Best broker for cryptos
#2 XTB Globally 4.3 stars Best CFD broker
#3 Swissquote Globally 2.1 stars
#4 Capital.com Globally 4.4 stars
#5 HYCM Globally 4.2 stars

What makes a good online broker for crypto trading? 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 crypto wallet, also weighed in our selection. These criteria are easy to list, but hard to figure out. We test brokers based on more than 300 criteria with real accounts and real money. We know what's up.

Not sure which broker to choose? For a tailored recommendation, check out our broker finder tool. If you enter the name of your country it will only display brokers that are available to you. Want more details? Compare brokers with our in-depth comparison table.

Potentially boring, but important stuff: Some brokerage portfolios contain CFDs. These 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 these CFD trading tips.

For more in-depth details about the different aspects of crypto trading read our bitcoin article.

And now, let's see the best online brokers for crypto trading one by one, starting with the winner, eToro.

eToro Logo

#1 Best online broker for crypto trading
eToro

4.7

eToro review summary

 

eToro is a well-known Israeli fintech company and a social trading broker, established in 2007.

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.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% 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.

Our overall eToro rating

Compare this broker to the best eToro alternative

Pros Cons
Free stock and ETF trading High non-trading fees
Seamless account opening Only one account base currency
Social trading Customer support should be improved

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Your capital is at risk

#1 eToro
Fees
4.3

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 fees
eToro XTB Swissquote Capital.com HYCM
Inactivity fee Yes Yes No No Yes
Withdrawal fee $5 $0 $10 $0 $0
Deposit fee $0 $0 $0 $0 $0

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#1 eToro
Markets and products
4.3

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 number of cryptos offered
eToro XTB Swissquote Capital.com HYCM
Cryptos (#) 37 14 12 207 64
eToro asset lineup other than cryptos
eToro XTB Swissquote Capital.com HYCM
Stocks Yes Yes Yes Yes No
ETFs Yes Yes Yes No No
Forex Yes Yes Yes Yes Yes
Funds No No Yes No No
Bonds No No Yes No No
Options No No Yes No No
Futures No No Yes No No
CFDs Yes Yes Yes Yes Yes

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#1 eToro
Account opening
5.0

Account opening at eToro is seamless and very fast, and the minimum deposit is relatively low for most countries.
Pros Cons
Fast None
Fully digital
Low minimum deposit
eToro minimum deposit and time to open an account
eToro XTB Swissquote Capital.com HYCM
Minimum deposit $200 $0 $0 $20 $100
Time to open account 1 day 1 day 1 day 1 day 1 day

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#1 eToro
Deposit and withdrawal
3.9

Depositing money is easy, with a lot of available options, although there is a $5 withdrawal fee. As only USD accounts are available, you may pay a high conversion fee if you deposit or withdraw in another currency, like EUR or GBP.
Pros Cons
Credit/Debit card available Only one account base currency
User-friendly $5 withdrawal fee
Conversion fee for non-USD deposits
eToro withdrawal fee and options
eToro XTB Swissquote Capital.com HYCM
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card Yes No No Yes Yes
Electronic wallets Yes No No Yes Yes
Withdrawal fee $5 $0 $10 $0 $0

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#1 eToro
Web trading platform
4.4

eToro offers a user-friendly and well-designed web trading platform, where social trading is also available. On the other hand, the platform's customizability is limited.
Pros Cons
User-friendly Limited customizability (for charts, workspace)
Clear fee report
Two-step (safer) login
Best online brokers for crypto trading - eToro trading platform
eToro trading platforms
eToro XTB Swissquote Capital.com HYCM
Web platform score 4.4 stars 4.4 stars 4.3 stars 3.9 stars 2.8 stars
Mobile platform score 4.7 stars 4.4 stars 4.7 stars 4.9 stars 3.8 stars
Desktop platform score - 4.4 stars 3.4 stars 3.4 stars 3.4 stars
Can you set leverage manually? Yes No Yes Yes No

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#1 eToro
Verdict

How does eToro work? eToro offers zero-commission stock trading. The account opening is swift and seamless. It has a lot of innovative features, like social trading and copying other (successful) traders. Furthermore, eToro offers many cryptos to trade.

It has some drawbacks, though. There is a $5 withdrawal fee and eToro only allows USD accounts, which means that conversion costs on deposits and withdrawals can be high if your funding currency is not USD. It's difficult to contact customer support and their educational materials could be better.

So is eToro good? Overall, we would recommend eToro for its social trading feature, crypto offering and zero-commission stock trading. If you are a long-term stock investor, a traditional stockbroker might make more sense to you as some of the drawbacks of eToro (like not applying reduced withholding tax on US dividends) might outweigh the benefits of free trading.

Risk disclaimer

eToro is a multi-asset platform that offers both investing in stocks and crypto assets as well as trading CFD assets.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% 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.

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.

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XTB Logo

#2 Best online broker for crypto trading
XTB

4.8

XTB is a global CFD 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 regularly 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. 73% 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 CFD fees, commission-free stocks/ETFs for some High stock CFD fees
Free and fast deposit and withdrawal Product portfolio limited mostly to CFDs
Easy and fast account opening Limited fundamental data

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73% of retail CFD accounts lose money

#2 XTB
Fees
4.3

Forex fees are low, in many cases there's no withdrawal fee, and some clients are eligible for free stock and ETF trading. However, stock CFD fees are high there's an inactivity fee.
Pros Cons
Free stocks/ETFs up to €100k monthly volume High stock CFD fees
Low forex and stock index CFD fees Inactivity fee
Most bank transfer withdrawals are free
XTB fees
eToro XTB Swissquote Capital.com HYCM
Inactivity fee Yes Yes No No Yes
Withdrawal fee $5 $0 $10 $0 $0
Deposit fee $0 $0 $0 $0 $0

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73% of retail CFD accounts lose money

#2 XTB
Markets and products
3.3

XTB's default selection includes only CFDs. Some European clients can also trade real stocks and ETFs. Popular assets like bonds, mutual funds, options or futures are not available.
XTB number of cryptos offered
eToro XTB Swissquote Capital.com HYCM
Cryptos (#) 37 14 12 207 64
XTB asset lineup other than cryptos
eToro XTB Swissquote Capital.com HYCM
Stocks Yes Yes Yes Yes No
ETFs Yes Yes Yes No No
Forex Yes Yes Yes Yes Yes
Funds No No Yes No No
Bonds No No Yes No No
Options No No Yes No No
Futures No No Yes No No
CFDs Yes Yes Yes Yes Yes

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73% of retail CFD accounts lose money

#2 XTB
Account opening
5.0

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
XTB minimum deposit and time to open an account
eToro XTB Swissquote Capital.com HYCM
Minimum deposit $200 $0 $0 $20 $100
Time to open account 1 day 1 day 1 day 1 day 1 day

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73% of retail CFD accounts lose money

#2 XTB
Deposit and withdrawal
4.5

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
Deposits/withdrawals are mostly free
E-wallets available
XTB withdrawal fee and options
eToro XTB Swissquote Capital.com HYCM
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card Yes No No Yes Yes
Electronic wallets Yes No No Yes Yes
Withdrawal fee $5 $0 $10 $0 $0

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73% of retail CFD accounts lose money

#2 XTB
Web trading platform
4.4

XTB's xStation 5 platform is user-friendly, customizable 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
Best online brokers for crypto trading - XTB trading platform
XTB trading platforms
eToro XTB Swissquote Capital.com HYCM
Web platform score 4.4 stars 4.4 stars 4.3 stars 3.9 stars 2.8 stars
Mobile platform score 4.7 stars 4.4 stars 4.7 stars 4.9 stars 3.8 stars
Desktop platform score - 4.4 stars 3.4 stars 3.4 stars 3.4 stars
Can you set leverage manually? Yes No Yes Yes No

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73% of retail CFD accounts lose money

#2 XTB
Verdict

XTB is a great CFD 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, XTB's forex CFD fees are low, while many European clients can enjoy commission-free stock and ETF trading up to a €100,000 monthly trade volume. We also liked that the deposit and withdrawal process is fast and mostly free. The account opening process is seamless, hassle-free and quick.

XTB has some drawbacks, though. Stock CFD fees are high. The product range is mainly limited to 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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73% of retail CFD accounts lose money

Swissquote Logo

#3 Best online broker for crypto trading
Swissquote

4.5

Swissquote is a Swiss investment bank established in 1996. It has two main trading arms: a Swiss unit for trading stocks, funds, options and futures, and a company in the UK for CFDs and forex.

Formally, Swissquote Bank Ltd is based in Switzerland and is regulated by the Swiss Financial Market Supervisory Authority (FINMA), the country's financial regulator.

The other entity, Swissquote Ltd, is Luxembourg and offers CFDs and forex trading. It is regulated by the Commission de Surveillance du Secteur Financier (CSSF), Luxembourg's regulator. The purpose of this entity is to grant access to the European markets after Brexit. The UK entity remained only for UK clients

Swissquote is considered safe because Swissquote Bank Ltd has a banking license, it is listed on the Swiss stock exchange, discloses detailed financials regularly and has a long track record.

Here, we focus mainly on the Swiss entity, sometimes referred to as "Swissquote (CH)". Throughout our content, we will refer to the Luxembourg-based entity as "Swissquote Europe (LUX)".

Pros Cons
Access to many markets and products High trading fees
No inactivity fee Confusing trading platform selection
Rock-solid background Some research tools are not free

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#3 Swissquote
Fees
2.1

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 stocks and ETFs fees, and there is a fee for withdrawing your money.
Pros Cons
Low fund fees High stock and ETF fees
No inactivity fee High bond fees
Swissquote fees
eToro XTB Swissquote Capital.com HYCM
Inactivity fee Yes Yes No No Yes
Withdrawal fee $5 $0 $10 $0 $0
Deposit fee $0 $0 $0 $0 $0

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#3 Swissquote
Markets and products
5.0

At Swissquote (CH) you can access many markets and trade with a lot of different product types. At Swissquote Bank (LUX) you can trade forex and CFDs too.
Swissquote number of cryptos offered
eToro XTB Swissquote Capital.com HYCM
Cryptos (#) 37 14 12 207 64
Swissquote asset lineup other than cryptos
eToro XTB Swissquote Capital.com HYCM
Stocks Yes Yes Yes Yes No
ETFs Yes Yes Yes No No
Forex Yes Yes Yes Yes Yes
Funds No No Yes No No
Bonds No No Yes No No
Options No No Yes No No
Futures No No Yes No No
CFDs Yes Yes Yes Yes Yes

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#3 Swissquote
Account opening
4.0

Swissquote offers a fully digital account opening process, although we encountered wait times. There is no minimum deposit for trading accounts, but a high minimum for forex and robo-advisory accounts.
Pros Cons
Fully digital Long wait times
No minimum deposit for trading account Forex and robo-advisor accounts have high minimum deposit
Swissquote minimum deposit and time to open an account
eToro XTB Swissquote Capital.com HYCM
Minimum deposit $200 $0 $0 $20 $100
Time to open account 1 day 1 day 1 day 1 day 1 day

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#3 Swissquote
Deposit and withdrawal
4.6

Depositing at Swissquote is quick with credit/debit card and can be done in several base currencies. On the negative side, you can only withdraw money via bank transfer, and the Swiss entity charges fees.
Pros Cons
Credit/Debit card available Swiss entity charges withdrawal and deposit fees
Several account base currencies
Swissquote withdrawal fee and options
eToro XTB Swissquote Capital.com HYCM
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card Yes No No Yes Yes
Electronic wallets Yes No No Yes Yes
Withdrawal fee $5 $0 $10 $0 $0

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#3 Swissquote
Web trading platform
4.3

The Swissquote (CH) eTrading platform has a lot of functions, so many that sometimes it can get complicated. Customizability is good and there is a clear overview of trading fees, but it's easy to get lost on the platform.
Pros Cons
Clear fee report Easy to get lost among functions
Two-step (safer) login
Good search function
Best online brokers for crypto trading - Swissquote trading platform
Swissquote trading platforms
eToro XTB Swissquote Capital.com HYCM
Web platform score 4.4 stars 4.4 stars 4.3 stars 3.9 stars 2.8 stars
Mobile platform score 4.7 stars 4.4 stars 4.7 stars 4.9 stars 3.8 stars
Desktop platform score - 4.4 stars 3.4 stars 3.4 stars 3.4 stars
Can you set leverage manually? Yes No Yes Yes No

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#3 Swissquote
Verdict

Swissquote is an investment bank with a rock-solid background:

  • It is Swiss,
  • it is listed on an exchange
  • and it is a bank

It has two main entities, one in the UK and one in Switzerland. If you open an account at the London-based entity you can trade forex and CFDs, while the Swiss entity gives you access to assets ranging from stocks to options.

Swissquote offers a broad range of products across many markets. There are many stocks, mutual funds, and a lot of different other types of products, from bonds to cryptos.

However, nothing is free: Swissquote's trading fees are relatively high

All in all, Swissquote is a great stockbroker. As you can trade many products and no inactivity fee is charged, feel free to give it a try.

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Capital.com Logo

#4 Best online broker for crypto trading
Capital.com

4.7

Capital.com is a global CFD broker founded in 2016. It is regulated by the UK's Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC) and the National Bank of the Republic of Belarus (NBRB).

Capital.com is considered safe because it is regulated by the top-tier FCA and ASIC.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.81% 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 CFD fees and commission-free real stocks Only CFD and real stock available
Great account opening experience No price alerts on web platform
Excellent email and chat support Smaller account currencies not available

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73.81% of retail CFD accounts lose money

#4 Capital.com
Fees
4.4

Forex CFD fees are low and some clients can trade real stocks for free, but stock and stock index CFD fees aren't the best. As a plus, there are no inactivity or withdrawal fees.
Pros Cons
Low forex CFD fees Average stock and stock index CFD fees
Commission-free real stocks (with tight spreads)
No withdrawal or inactivity fee
Capital.com fees
eToro XTB Swissquote Capital.com HYCM
Inactivity fee Yes Yes No No Yes
Withdrawal fee $5 $0 $10 $0 $0
Deposit fee $0 $0 $0 $0 $0

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73.81% of retail CFD accounts lose money

#4 Capital.com
Markets and products
3.4

Capital.com has an impressive selection of CFD products compared to other CFD brokers. However, it lacks popular asset types like real ETFs, funds, or futures.
Capital.com number of cryptos offered
eToro XTB Swissquote Capital.com HYCM
Cryptos (#) 37 14 12 207 64
Capital.com asset lineup other than cryptos
eToro XTB Swissquote Capital.com HYCM
Stocks Yes Yes Yes Yes No
ETFs Yes Yes Yes No No
Forex Yes Yes Yes Yes Yes
Funds No No Yes No No
Bonds No No Yes No No
Options No No Yes No No
Futures No No Yes No No
CFDs Yes Yes Yes Yes Yes

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73.81% of retail CFD accounts lose money

#4 Capital.com
Account opening
5.0

Capital.com has one of the best account opening processes we've ever encountered: it is simple, quick, well-designed and intuitive. We are impressed.
Pros Cons
Fast None
Fully digital
Low minimum deposit
Capital.com minimum deposit and time to open an account
eToro XTB Swissquote Capital.com HYCM
Minimum deposit $200 $0 $0 $20 $100
Time to open account 1 day 1 day 1 day 1 day 1 day

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73.81% of retail CFD accounts lose money

#4 Capital.com
Deposit and withdrawal
4.5

Deposits and withdrawals are free at Capital.com and many options are provided, including Apple Pay or PayPal. However, only four major currencies (USD, GBP, EUR, AUD) and one smaller (PLN) are available.
Pros Cons
Credit/Debit card available Smaller currencies not available
Free withdrawal
No deposit fee
Capital.com withdrawal fee and options
eToro XTB Swissquote Capital.com HYCM
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card Yes No No Yes Yes
Electronic wallets Yes No No Yes Yes
Withdrawal fee $5 $0 $10 $0 $0

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73.81% of retail CFD accounts lose money

#4 Capital.com
Web trading platform
3.9

Capital.com has an easy-to-use and well-designed web trading platform, with clear fee reports and a two-step login. However, the platform has limited customizability and lacks price alerts.
Pros Cons
User-friendly Limited customizability (for charts, workspace)
Clear fee report No price alerts
Two-step (safer) login
Best online brokers for crypto trading - Capital.com trading platform
Capital.com trading platforms
eToro XTB Swissquote Capital.com HYCM
Web platform score 4.4 stars 4.4 stars 4.3 stars 3.9 stars 2.8 stars
Mobile platform score 4.7 stars 4.4 stars 4.7 stars 4.9 stars 3.8 stars
Desktop platform score - 4.4 stars 3.4 stars 3.4 stars 3.4 stars
Can you set leverage manually? Yes No Yes Yes No

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73.81% of retail CFD accounts lose money

#4 Capital.com
Verdict

Capital.com is a great CFD broker, regulated by top-tier authorities such as the UK's FCA and ASIC in Australia.

On the plus side, forex CFD fees are low, the account opening is very user-friendly, and customer support is exceptional.

Among drawbacks, Capital.com offers only CFDs (equity, index, crypto, commodity, forex) and real stocks as tradable products. Only major currencies are supported as account base currencies and price alerts are not available on the web platform.

As there is no inactivity fee and the account opening is fast, feel free to try Capital.com.

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73.81% of retail CFD accounts lose money

HYCM Logo

#5 Best online broker for crypto trading
HYCM

4.3

HYCM or Henyep Markets is a global CFD and forex broker. HYCM's parent company, Henyep was established in 1977. The broker is regulated by several financial authorities globally, including the UK Financial Services Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC).

HYCM's UK operation is considered safe because it has a long track record and it is regulated by the top-tier FCA.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% 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 CFD fees Only forex and CFD products
Great educational content Trading platforms have outdated design
User-friendly account opening Inactivity fee

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67% of retail CFD accounts lose money

#5 HYCM
Fees
4.2

HYCM has low forex and CFD trading fees. It's also great that the broker charges no deposit and withdrawal fees in most cases. On the negative side, there is a quite high inactivity fee.
Pros Cons
Low forex fees Inactivity fee
Low CFD fees
HYCM fees
eToro XTB Swissquote Capital.com HYCM
Inactivity fee Yes Yes No No Yes
Withdrawal fee $5 $0 $10 $0 $0
Deposit fee $0 $0 $0 $0 $0

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67% of retail CFD accounts lose money

#5 HYCM
Markets and products
2.3

At HYCM you can only trade with forex and other CFDs (commodities, stock indices, futures, and share CFDs). Popular asset classes, such as real stocks, bonds, mutual funds and options are missing.
HYCM number of cryptos offered
eToro XTB Swissquote Capital.com HYCM
Cryptos (#) 37 14 12 207 64
HYCM asset lineup other than cryptos
eToro XTB Swissquote Capital.com HYCM
Stocks Yes Yes Yes Yes No
ETFs Yes Yes Yes No No
Forex Yes Yes Yes Yes Yes
Funds No No Yes No No
Bonds No No Yes No No
Options No No Yes No No
Futures No No Yes No No
CFDs Yes Yes Yes Yes Yes

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67% of retail CFD accounts lose money

#5 HYCM
Account opening
5.0

The account opening at HYCM is seamless and fully digital. Our account was verified within one business day. The minimum deposit is also low: $100 for Classic and Fixed accounts and $200 for Raw accounts.
Pros Cons
Fast None
Fully digital
Low minimum deposit
HYCM minimum deposit and time to open an account
eToro XTB Swissquote Capital.com HYCM
Minimum deposit $200 $0 $0 $20 $100
Time to open account 1 day 1 day 1 day 1 day 1 day

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67% of retail CFD accounts lose money

#5 HYCM
Deposit and withdrawal
4.5

HYCM offers free and fast deposit and withdrawal options, including traditional methods such as bank transfer and credit card funding as well as various e-wallets. On the other hand, the number of available account currencies lags behind some of HYCM's competitors.
Pros Cons
Credit/Debit card available Average account currency selection
Free withdrawal
No deposit fee
HYCM withdrawal fee and options
eToro XTB Swissquote Capital.com HYCM
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card Yes No No Yes Yes
Electronic wallets Yes No No Yes Yes
Withdrawal fee $5 $0 $10 $0 $0

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67% of retail CFD accounts lose money

#5 HYCM
Web trading platform
2.8

HYCM's web trading platform is provided by MetaTrader. It is highly customizable, available in many languages and has a clear fee report. On the other hand, the platform lacks a two-step login or price alerts and its design is outdated.
Pros Cons
Clear fee report No two-step (safer) login
Good customizability (for charts, workspace) No price alerts
Order confirmation Poor design
Best online brokers for crypto trading - HYCM trading platform
HYCM trading platforms
eToro XTB Swissquote Capital.com HYCM
Web platform score 4.4 stars 4.4 stars 4.3 stars 3.9 stars 2.8 stars
Mobile platform score 4.7 stars 4.4 stars 4.7 stars 4.9 stars 3.8 stars
Desktop platform score - 4.4 stars 3.4 stars 3.4 stars 3.4 stars
Can you set leverage manually? Yes No Yes Yes No

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67% of retail CFD accounts lose money

#5 HYCM
Verdict

HYCM is a forex and CFD broker regulated by several authorities globally, including the top-tier FCA.

On the plus side, HYCM has low forex and CFD fees. The education section, especially the webinars are more informative and enjoyable than what some other brokers offer. The account opening is seamless and there are a lot of free deposit & withdrawal options.

On the flip side, the product portfolio at HYCM is limited as the broker only offers forex and CFDs. In our view, the MetaTrader platforms that the broker uses have an outdated design. HYCM charges an inactivity fee: $10 per month after only 90 days of inactivity.

We recommend HYCM for those who are interested in CFD and forex trading and prefer MetaTrader trading platforms. Feel free to test it via the demo account.

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67% of retail CFD accounts lose money

Best online brokers for crypto trading
Bottom line

Now that you have seen the details, let's zoom out. Here are the best online brokers for trading cryptos in 2021:

Best online brokers for crypto trading in 2021
eToro XTB Swissquote Capital.com HYCM
Overall score 4.7 4.8 4.5 4.7 4.3
Award Best broker for cryptos Best CFD broker
Fees score 4.3 stars 4.3 stars 2.1 stars 4.4 stars 4.2 stars
Account opening score 5.0 stars 5.0 stars 4.0 stars 5.0 stars 5.0 stars
Deposit and withdrawal score 3.9 stars 4.5 stars 4.6 stars 4.5 stars 4.5 stars
Markets and products score 4.3 stars 3.3 stars 5.0 stars 3.4 stars 2.3 stars
Web platform score 4.4 stars 4.4 stars 4.3 stars 3.9 stars 2.8 stars
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Your capital is at risk
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73% of retail CFD accounts lose money
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73.81% of retail CFD accounts lose money
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67% of retail CFD accounts lose money

eToro is our winner, the best broker for cryptos in 2021. Free stock and ETF trading. Seamless account opening. Social trading

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.

Author of this article

Gergely Korpos

Author of this article

Gergely is the co-founder and CPO of BrokerChooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Gergely Korpos

Co-founder, CPO

Gergely is the co-founder and CPO of BrokerChooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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