Cryptocurrency Trading In The UK 2021

Cryptocurrency trading in 2021 is big businesses. From Bitcoin and Litecoin to Ethereum and Dash, individuals and institutions are investing billions. Of course, to profit from day trading cryptocurrencies, you need an effective strategy and a broker with powerful apps.

This guide explains how to start investing in cryptocurrency for beginners, covering top tips, crypto wallets, UK taxes, plus the best online software and trading bots.

Crypto Brokers

Filter Brokers
Found 126 Brokers
Eightcap is a multi-regulated FX & CFD broker offering the MT4 & MT5 platforms. Award winning platform, zero commission, free education and low spreads.
Demo Account
Yes
Regulated By
ASIC, VFSC
MT4 Integration
Yes
Min. Deposit
£/€/$100
Min. Trade
0.01 lots
Crypto
Yes
Trade CFDs on a powerful and intuitive trading platform. Over 300 markets to trade, with tight spreads and multi-device support. CySec Regulated.
Demo Account
Yes
Regulated By
CySEC
MT4 Integration
Yes
Min. Deposit
$250
Min. Trade
0.01 lots
Crypto
Yes
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Demo Account
Yes
Regulated By
FCA
MT4 Integration
No
Min. Deposit
$200 ($50 in US)
Min. Trade
$1
Crypto
Yes
BDSwiss offer 250+ Shares, Indices, Forex, Commodities and Cryptocurrencies markets via CFDs. With spreads from 1 pip and an award winning app, they offer a great package.
Demo Account
Yes
Regulated By
CySec, FSC, FSA
MT4 Integration
Yes
Min. Deposit
100 $/€/£
Min. Trade
0.01 Lots
Crypto
Yes
PrimeXBT is a Bitcoin-based platform offering highly leveraged trading in FX, indices, commodities, & cryptocurrencies.
Demo Account
No
Regulated By
MT4 Integration
No
Min. Deposit
0.001 BTC
Min. Trade
0.01 contract
Crypto
Yes
Fusion Markets are delivering low cost forex and CFD trading via low spreads and trading costs. Their message is - Stop paying too much to trade
Demo Account
Yes
Regulated By
ASIC
MT4 Integration
Yes
Min. Deposit
No Minimum
Min. Trade
0.01 Lots
Crypto
Yes
Axi is a global online FX and CFD trading company, trusted by 60,000+ ambitious customers in 100+ countries around the world.
Demo Account
Yes
Regulated By
FCA, ASIC, FMA
MT4 Integration
Yes
Min. Deposit
0 $/€/£
Min. Trade
0.01 Lots
Crypto
Yes
Trade Forex on 0.0 pip spreads with the world's leading True ECN forex broker - IC Markets.
Demo Account
Yes
Regulated By
ASIC, CySec, FSA
MT4 Integration
Yes
Min. Deposit
$200
Min. Trade
0.01 Lots
Crypto
Yes
Forex.com boast a global reputation. Regulated in the UK, US and Canada they offer a huge range of markets, not just forex, and offer very tight spreads and a cutting edge platform.
Demo Account
Yes
Regulated By
NFA, CFTC, FCA, FSA, IIROC and CIMA
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
$1
Crypto
Yes
easyMarkets.com - Simply Honest. Trade CFDs on Forex, Commodities, Indices, Shares & Cryptos With a Top Rated Forex Broker
Demo Account
Yes
Regulated By
CySec
MT4 Integration
Yes
Min. Deposit
€100
Min. Trade
Varies by asset
Crypto
Yes
LegacyFX is a multi-asset broker offering an MT5 download & free signals.
Demo Account
Yes
Regulated By
CySEC, FCA, VFSC, NBRB
MT4 Integration
No
Min. Deposit
$500
Min. Trade
0.01 lots
Crypto
Yes
Skilling are an exciting new brand, regulated in Europe and beyond, with a bespoke browser based platform, allowing seamless low cost trading across devices.
Demo Account
Yes
Regulated By
CySec, FSA
MT4 Integration
Yes
Min. Deposit
100 £/€/$ or 1000 NOK, SEK
Min. Trade
0.01 Lots or 1 Share
Crypto
Yes
RoboForex is a multi-asset online broker offering powerful trading aides.
Demo Account
Yes
Regulated By
IFSC
MT4 Integration
Yes
Min. Deposit
$10
Min. Trade
0.01 lots
Crypto
Yes
Capital.com offer CFDs and Forex on a huge range of assets, with competitive spreads and unique platforms, including the fully functional mobile app.
Demo Account
Yes
Regulated By
FCA, CySec
MT4 Integration
Yes
Min. Deposit
£/$/€20
Min. Trade
Varies by asset
Crypto
Yes
FXChoice is an offshore retail broker offering MT4 and MT5 platform downloads.
Demo Account
Yes
Regulated By
IFSC
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
Yes
Bit Mex Offer the largest market liquidity of any Crypto exchange. Ultra low trading costs and minimum deposit requirements. Join in 30 seconds.
Demo Account
Yes
Regulated By
MT4 Integration
No
Min. Deposit
0.0001 XBT
Min. Trade
0.0001 XBT
Crypto
Yes
OBR Invest is a CySEC-regulated forex, CFD and cryptocurrency trading broker offering the MetaTrader 4 platform.
Demo Account
Yes
Regulated By
CySEC
MT4 Integration
Yes
Min. Deposit
$250
Min. Trade
0.01
Crypto
Yes
Multi-Award winning broker. Specialising in Forex but also offering stocks and tight spreads on CFDs and Spread betting across a huge range of markets.
Demo Account
Yes
Regulated By
CySec, FCA, SCB, FSCA
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 Lots
Crypto
Yes
Coinbase is the easiest place to buy, sell, and manage your cryptocurrency portfolio.
Demo Account
No
Regulated By
CBoI
MT4 Integration
No
Min. Deposit
0 $/€/£
Min. Trade
0.0001 XBT
Crypto
Yes
Quotex offers a proprietary web platform that offers digital options and copy trading.
Demo Account
Yes
Regulated By
IFMRRC
MT4 Integration
No
Min. Deposit
$10
Min. Trade
$1
Crypto
Yes
SpreadEx offer spread betting on Financials with a range of tight spread markets. Popular award winning, UK regulated broker.
Demo Account
No
Regulated By
FCA
MT4 Integration
No
Min. Deposit
$1
Min. Trade
$1
Crypto
Yes
ROInvesting is an online CFD broker regulated by the CySEC.
Demo Account
Yes
Regulated By
CySEC
MT4 Integration
Yes
Min. Deposit
$250
Min. Trade
0.01 lots
Crypto
Yes
GO Markets is an ASIC-regulated FX & CFD broker.
Demo Account
Yes
Regulated By
ASIC
MT4 Integration
Yes
Min. Deposit
$200
Min. Trade
0.01 lots
Crypto
Yes
ThinkMarkets is a multi-regulated forex and CFD broker
Demo Account
Yes
Regulated By
FCA, ASIC, FSCA
MT4 Integration
Yes
Min. Deposit
No minimum
Min. Trade
0.01 lots
Crypto
Yes
Established spread betting, forex and CFD broker with over 30 years in the business. Regulated around the globe.
Demo Account
Yes
Regulated By
ASIC,FCA
MT4 Integration
Yes
Min. Deposit
£/$100
Min. Trade
0.01 Lots
Crypto
Yes
Dukascopy is a Swiss-based forex, CFD, and binary options broker
Demo Account
Yes
Regulated By
FINMA, FCMC, JFSA
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
Yes
Binary.com are the established pioneers of binary options. The choice of the advanced trader, Binary.com offer the greatest flexibility of any binary broker. They also offer Forex and CFD via the MT5 platform.
Demo Account
Yes
Regulated By
MGA
MT4 Integration
Yes
Min. Deposit
$5
Min. Trade
$1
Crypto
Yes
Sage FX is an MT4 trading broker offering high leverage rates and secure mobile investing.
Demo Account
Yes
Regulated By
Pending
MT4 Integration
Yes
Min. Deposit
$10
Min. Trade
0.01 lots
Crypto
Yes
NordFX offer Forex trading with specific accounts for each type of trader. Zero accounts offer spread from 0 pips, while the Crypto offers optimal cryptocurrency trading. Open account from just $10.
Demo Account
Yes
Regulated By
VFSC, CySec
MT4 Integration
Yes
Min. Deposit
$10
Min. Trade
$1
Crypto
Yes
Libertex - Trade Online. Libertex offer CFD and Forex trading, with fixed commissions and no hidden costs.
Demo Account
Yes
Regulated By
CySec
MT4 Integration
Yes
Min. Deposit
€100
Min. Trade
€20
Crypto
Yes
Spectre.ai is a blockchain-based binary options broker
Demo Account
Yes
Regulated By
St. Vincent and the Grenadines
MT4 Integration
No
Min. Deposit
No minimum
Min. Trade
$1
Crypto
Yes
AGEA is a regulated forex & CFD broker offering multiple trading platforms and account types.
Demo Account
Yes
Regulated By
Commission for Capital Markets
MT4 Integration
Yes
Min. Deposit
$1
Min. Trade
0.01 lots
Crypto
Yes
Lightspeed is a broker for high-volume traders offering advanced platforms & tools.
Demo Account
Yes
Regulated By
FINRA, NFA
MT4 Integration
No
Min. Deposit
$10,000
Min. Trade
Variable
Crypto
Yes
Admiral Markets is leading Forex and CFD broker offering the MT4 & MT5 platforms
Demo Account
Yes
Regulated By
FCA, CySEC, ASIC
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
Yes
ProfitiX offers an interactive desktop and mobile trading experience via MT5.
Demo Account
No
Regulated By
MT4 Integration
No
Min. Deposit
$250
Min. Trade
0.01 lots
Crypto
Yes
Bithoven is a MT5-powered online broker offering leveraged cryptocurrency trading.
Demo Account
Yes
Regulated By
FSA
MT4 Integration
No
Min. Deposit
None
Min. Trade
0.01 lots
Crypto
Yes
JFD Bank offers comprehensive trading services, complete with MT4 and MT5 platforms and a range of products.
Demo Account
Yes
Regulated By
CySEC, VFSC, BaFin 
MT4 Integration
Yes
Min. Deposit
$500
Min. Trade
0.01 lots
Crypto
Yes
NPBFX offers trading in leading financial instruments as well as copy trading.
Demo Account
Yes
Regulated By
Financial Commission
MT4 Integration
Yes
Min. Deposit
$10
Min. Trade
0.01 lots
Crypto
Yes
GKFX is an MT4 trading broker offering a suite of financial instruments & tools.
Demo Account
Yes
Regulated By
MFSA
MT4 Integration
Yes
Min. Deposit
€100
Min. Trade
0.01 lots
Crypto
Yes
Squared Financial is a CySEC-regulated forex & CFD broker
Demo Account
Yes
Regulated By
CySEC, FSA
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
Yes
iFOREX is a multi-regulated forex & CFD broker with millions of clients worldwide
Demo Account
Yes
Regulated By
CySEC, FCA, BVI
MT4 Integration
No
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
Yes
Tier1FX is a regulated CFD and forex trading broker.
Demo Account
Yes
Regulated By
MFSA
MT4 Integration
Yes
Min. Deposit
$1,000
Min. Trade
0.01 lots
Crypto
Yes
Fortrade is a multi-asset broker offering a simple live account with advanced tools.
Demo Account
Yes
Regulated By
FCA, ASIC, CySEC, NBRB, IIROC
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
Yes
FortFS is a multi-asset trading broker offering a range of tools & resources.
Demo Account
Yes
Regulated By
MT4 Integration
Yes
Min. Deposit
$5
Min. Trade
0.01 lots
Crypto
Yes
FP Markets is a multi-asset broker offering a choice of trading platforms.
Demo Account
Yes
Regulated By
ASIC, CySEC
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
Yes
12Trader is a regulated online broker offering trading in forex & CFDs.
Demo Account
Yes
Regulated By
CySEC, VFSC
MT4 Integration
No
Min. Deposit
$500
Min. Trade
0.01 lots
Crypto
Yes
TMS Brokers is a leading European trading broker providing powerful tools and a suite of financial instruments.
Demo Account
Yes
Regulated By
Polish Financial Supervision Authority (KNF)
MT4 Integration
No
Min. Deposit
None
Min. Trade
0.01 lots
Crypto
Yes
IronFX offers online trading in forex, stocks, futures, commodities and cryptocurrencies
Demo Account
Yes
Regulated By
FCA, CySEC, ASIC, FSB
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
Yes
FXOpen is a highly regulated FX & CFD broker offering multiple trading platforms.
Demo Account
Yes
Regulated By
FCA, ASIC
MT4 Integration
Yes
Min. Deposit
$300
Min. Trade
0.01 lots
Crypto
Yes
AAAFx offers automated and copy platforms for forex and CFD trading.
Demo Account
Yes
Regulated By
HCMC (Greece), FSA (St Vincent & Grenadines)
MT4 Integration
Yes
Min. Deposit
$300
Min. Trade
0.01 lots
Crypto
Yes
Kraken is a top crypto trading exchange offering the largest altcoins by market cap.
Demo Account
Yes
Regulated By
FCA, FinCEN, FINTRAC, AUSTRAC, FSA
MT4 Integration
No
Min. Deposit
0.0001 XBT
Min. Trade
0.0002 XBT
Crypto
Yes
Bybit is an established crypto exchange aimed at active online traders.
Demo Account
Yes
Regulated By
MT4 Integration
No
Min. Deposit
No minimum
Min. Trade
0.001
Crypto
Yes
SushiSwap is an emerging brand in the DeFi space, operating as an automated market maker with its own crypto coin - Sushi.
Demo Account
Yes
Regulated By
MT4 Integration
No
Min. Deposit
Variable
Min. Trade
Variable
Crypto
Yes
OKEx is a digital exchange offering trading on hundreds of cryptos across desktop and mobile applications with low fees.
Demo Account
Yes
Regulated By
MT4 Integration
No
Min. Deposit
10 USDT
Min. Trade
Variable
Crypto
Yes
Bitfinex is among the best crypto exchanges for experienced traders with a free mobile trading app and low fees.
Demo Account
Yes
Regulated By
MT4 Integration
No
Min. Deposit
$10,000
Min. Trade
$10
Crypto
Yes
Gemini is a leading crypto trading exchange with low fees and a long list of altcoins.
Demo Account
No
Regulated By
FCA
MT4 Integration
No
Min. Deposit
None
Min. Trade
0.00001 BTC
Crypto
Yes
Binance is one of the leading online crypto exchanges offering Bitcoin.
Demo Account
No
Regulated By
FCA
MT4 Integration
No
Min. Deposit
No minimum
Min. Trade
$10
Crypto
Yes
Paxful is a crypto trading exchange and digital wallet offering low fees and easy sign-up.
Demo Account
No
Regulated By
MT4 Integration
No
Min. Deposit
From 0.005 BTC
Min. Trade
10 USD
Crypto
Yes
TradeTime is an FX broker also offering trading in stocks, commodities, & Bitcoin.
Demo Account
Yes
Regulated By
MT4 Integration
Yes
Min. Deposit
$500
Min. Trade
0.01 lots
Crypto
Yes
Alvexo is a CySEC-regulated MT4 forex & CFD broker.
Demo Account
Yes
Regulated By
CySEC, FSA
MT4 Integration
Yes
Min. Deposit
500 EUR/USD
Min. Trade
0.01 lots
Crypto
Yes
TrioMarkets is a CySEC-regulated online ECN trading broker.
Demo Account
Yes
Regulated By
CySEC, FSC (Mauritius)
MT4 Integration
Yes
Min. Deposit
$500
Min. Trade
0.01 lots
Crypto
Yes
Finexo is a multi-asset online broker regulated by the CySEC.
Demo Account
Yes
Regulated By
CySEC
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
Yes
101investing.com is a CFD broker providing access to a range of financial markets.
Demo Account
Yes
Regulated By
CySEC
MT4 Integration
Yes
Min. Deposit
$250
Min. Trade
0.01 lots
Crypto
Yes
Zero Markets is a multi-asset online trading broker offering ultra low spreads.
Demo Account
Yes
Regulated By
ASIC
MT4 Integration
Yes
Min. Deposit
$200
Min. Trade
0.01 lots
Crypto
Yes
CMSTrader offers multi-asset trading with fast payment speeds & useful features.
Demo Account
Yes
Regulated By
MT4 Integration
No
Min. Deposit
$500
Min. Trade
0.01 lots
Crypto
Yes
DeltaStock is a multi-asset online broker offering desktop & mobile trading tools.
Demo Account
Yes
Regulated By
FSC (Bulgaria)
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
Yes
Axes offers multi-asset trading through the MT5 platform and mobile app.
Demo Account
Yes
Regulated By
FSA, IFMRRC
MT4 Integration
No
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
Yes
Ayondo offer trading across a huge range of markets and assets. They also offer negative balance protection and social trading.
Demo Account
Yes
Regulated By
FCA
MT4 Integration
Yes
Min. Deposit
£1
Min. Trade
£1
Crypto
Yes
FXFlat offers several asset classes on the MetaTrader 4 & MetaTrader 5 platforms.
Demo Account
Yes
Regulated By
BaFin
MT4 Integration
Yes
Min. Deposit
€200
Min. Trade
0.01 lots
Crypto
Yes
JP Markets is an award-winning South African Forex and CFD broker.
Demo Account
Yes
Regulated By
FSB
MT4 Integration
Yes
Min. Deposit
No minimum
Min. Trade
0.01 lots
Crypto
Yes
ITradeFX offers online trading with competitive fees, but is the broker safe?
Demo Account
Yes
Regulated By
MT4 Integration
No
Min. Deposit
None
Min. Trade
0.01 lots
Crypto
Yes
AskoBID offers multi-asset trading with a €250 minimum deposit & 1:500 leverage.
Demo Account
No
Regulated By
MT4 Integration
No
Min. Deposit
€250
Min. Trade
0.01 lots
Crypto
Yes
StormGain provides an online crypto trading platform & cloud mining tool.
Demo Account
Yes
Regulated By
MT4 Integration
No
Min. Deposit
50 USDT
Min. Trade
10 USDT
Crypto
Yes
FxGlory offers leveraged trading in forex and commodities through the MT4 desktop and mobile platform.
Demo Account
Yes
Regulated By
MT4 Integration
Yes
Min. Deposit
$1
Min. Trade
0.01 lots
Crypto
Yes
Grand Capital is an MT4 retail trading broker offering multiple bonuses.
Demo Account
Yes
Regulated By
MT4 Integration
Yes
Min. Deposit
$10
Min. Trade
0.01 lots
Crypto
Yes
Blackwell Global offers seamless online trading in forex, stocks & cryptos.
Demo Account
Yes
Regulated By
FCA, CySEC
MT4 Integration
Yes
Min. Deposit
$250
Min. Trade
0.01 lots
Crypto
Yes
BP Prime offers MT4 trading with fast executions and a mobile app solution.
Demo Account
Yes
Regulated By
FCA
MT4 Integration
Yes
Min. Deposit
$5,000
Min. Trade
0.01 lots
Crypto
Yes
Atiora offers forex & CFD trading with easy-access $1 minimum deposit accounts.
Demo Account
Yes
Regulated By
VFSC
MT4 Integration
Yes
Min. Deposit
$1
Min. Trade
0.01 lots
Crypto
Yes
Weltrade is an established online broker providing tight spreads & powerful tools.
Demo Account
Yes
Regulated By
MT4 Integration
Yes
Min. Deposit
$25
Min. Trade
0.01 lots
Crypto
Yes
Arum Capital is a CySEC-regulated forex broker offering the MT5 platform.
Demo Account
Yes
Regulated By
CySEC
MT4 Integration
No
Min. Deposit
$500
Min. Trade
0.01 lots
Crypto
Yes
4xCube is a MetaTrader forex broker registered and licensed in the Cook Islands.
Demo Account
Yes
Regulated By
FSC Cook Islands
MT4 Integration
Yes
Min. Deposit
$10
Min. Trade
0.01 lots
Crypto
Yes
MultiBank FX is a regulated forex and CFD broker offering sign-up deposit bonuses, tight spreads and MT4 trading.
Demo Account
Yes
Regulated By
ASIC, BaFin, FMA, CNMV, DFSA, FSC, CIMA
MT4 Integration
Yes
Min. Deposit
$50
Min. Trade
0.1 lots
Crypto
Yes
LH Crypto combines a digital alt coin exchange with a user-friendly online brokerage offering an array of tools, instruments and payment options.
Demo Account
Yes
Regulated By
VFSC
MT4 Integration
No
Min. Deposit
€10
Min. Trade
0.01 lots
Crypto
Yes
PaxForex is an offshore broker offering $10 minimum deposits & MT4 trading.
Demo Account
Yes
Regulated By
FSA
MT4 Integration
Yes
Min. Deposit
$10
Min. Trade
0.0001 lots
Crypto
Yes
ADSS is a regulated forex broker offering $100 minimum deposits & 1:500 leverage.
Demo Account
Yes
Regulated By
Central Bank of the UAE, FCA, SFC
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
Yes
Trade.com offers thousands of tradable assets on desktop and mobile platforms.
Demo Account
Yes
Regulated By
FCA, CySEC, FSCA
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
Yes
Capex offers a portfolio of trading products and leading investing tools.
Demo Account
Yes
Regulated By
CySEC, FSCA, ADGM
MT4 Integration
No
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
Yes
IFC Markets is a top broker offering the bespoke NetTradeX plus MT4 & MT5.
Demo Account
Yes
Regulated By
BVI FSC, Labuan Financial Services Authority
MT4 Integration
Yes
Min. Deposit
1 USD / 1 EUR / 100 JPY
Min. Trade
0.01 lots
Crypto
Yes
Global Prime is a multi-regulated trading broker offering 100+ markets.
Demo Account
Yes
Regulated By
ASIC, VFSC, FSA
MT4 Integration
Yes
Min. Deposit
AUD $200
Min. Trade
0.01 lots
Crypto
Yes
Global FX is an unregulated broker offering a suite of trading tools and products.
Demo Account
Yes
Regulated By
MT4 Integration
No
Min. Deposit
$300
Min. Trade
0.01 lots
Crypto
Yes
Tradeview is based in the Cayman Islands and offers four leading trading platforms and 100+ financial instruments.
Demo Account
Yes
Regulated By
CIMA
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
Yes
Uptos offers multiple trading assets, payment options and the MT5 platform.
Demo Account
No
Regulated By
MT4 Integration
No
Min. Deposit
$250
Min. Trade
0.01 lots
Crypto
Yes
Key To Markets is an FCA-regulated online trading broker offering a variety of account types, including social PAMMs.
Demo Account
Yes
Regulated By
FCA, FSA
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
Yes
Trade Q8 is an online broker in the MENA region offering forex & multi-asset trading.
Demo Account
Yes
Regulated By
FSA (Seychelles)
MT4 Integration
Yes
Min. Deposit
$250
Min. Trade
0.01 lots
Crypto
Yes
Trade the markets with MT4 trading tools alongside CySEC regulation.
Demo Account
Yes
Regulated By
CYSEC, VFSC, FSCA
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
Yes
EZ Invest is a CySEC-licensed broker offering trading on the financial markets.
Demo Account
Yes
Regulated By
CySEC
MT4 Integration
Yes
Min. Deposit
$500
Min. Trade
0.01 lots
Crypto
Yes
ForexMart is an EU-regulated broker offering MT4 trading on stocks, FX and cryptos.
Demo Account
Yes
Regulated By
CySEC
MT4 Integration
Yes
Min. Deposit
1 EUR/USD
Min. Trade
0.01 lots
Crypto
Yes
CFD Global FX is an offshore broker offering trading on multiple financial markets.
Demo Account
Yes
Regulated By
MT4 Integration
No
Min. Deposit
$500
Min. Trade
0.01 lots
Crypto
Yes
Dsdaq specialises in crypto trading through its accessible mobile app & low deposit.
Demo Account
Yes
Regulated By
MT4 Integration
No
Min. Deposit
0.001 BTC/BCH/LTC
Min. Trade
0.01 lots
Crypto
Yes
Gate.io is a crypto exchange offering a variety of derivatives on a proprietary platform.
Demo Account
Yes
Regulated By
MT4 Integration
No
Min. Deposit
No minimum
Min. Trade
$10
Crypto
Yes
Trade a range of products on the MetaTrader platforms at DMM FX.
Demo Account
Yes
Regulated By
MT4 Integration
Yes
Min. Deposit
Undisclosed
Min. Trade
0.01 lots
Crypto
Yes
OctaFX offers multi-asset trading on a range of platforms and mobile solutions.
Demo Account
Yes
Regulated By
CySEC
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
Yes
FXGM offers live trading accounts on its proprietary PROfit platform.
Demo Account
No
Regulated By
CySEC, FSCA
MT4 Integration
No
Min. Deposit
$200
Min. Trade
0.01 lots
Crypto
Yes
Moneta Markets is a regulated FX & CFD broker offering a proprietary web platform.
Demo Account
Yes
Regulated By
CIMA
MT4 Integration
Yes
Min. Deposit
$200
Min. Trade
0.01 lots
Crypto
Yes
Naga is a social investing platform offering copy trading on major financial markets including cryptocurrencies and stocks.
Demo Account
Yes
Regulated By
CySEC, FCA
MT4 Integration
Yes
Min. Deposit
$250
Min. Trade
Variable
Crypto
Yes
FXTrading offers online forex, stocks, commodities and crypto financial markets.
Demo Account
Yes
Regulated By
ASIC, VFSC
MT4 Integration
Yes
Min. Deposit
$200
Min. Trade
0.01 lots
Crypto
Yes
SimpleFX is a CFD broker offering its own SFX WebTrader platform & low fees.
Demo Account
Yes
Regulated By
MT4 Integration
Yes
Min. Deposit
None
Min. Trade
0.01 lots
Crypto
Yes
AMarkets offers a suite of tools and trading products on the MT4 & MT5 platforms.
Demo Account
Yes
Regulated By
FSA SVG
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
Yes
TIO Markets offers 120 instruments, MetaTrader platforms & PAMM accounts.
Demo Account
Yes
Regulated By
FCA
MT4 Integration
Yes
Min. Deposit
$50
Min. Trade
0.01 lots
Crypto
Yes
FIBO Group is a dual-licensed forex broker offering multiple trading platforms.
Demo Account
Yes
Regulated By
CySEC, FSC BVI
MT4 Integration
Yes
Min. Deposit
$50
Min. Trade
0.01 lots
Crypto
Yes
Financial Spreads is a UK-regulated broker offering spread betting and CFDs.
Demo Account
Yes
Regulated By
FCA
MT4 Integration
No
Min. Deposit
£250
Min. Trade
0.01 lots
Crypto
Yes
With multiple trading products and an advanced suite of analysis tools, Darwinex is an excellent online broker.
Demo Account
Yes
Regulated By
FCA
MT4 Integration
Yes
Min. Deposit
$500
Min. Trade
0.01 lots
Crypto
Yes
EagleFX is a popular trading broker offering forex, stocks, cryptos & commodities.
Demo Account
Yes
Regulated By
MT4 Integration
Yes
Min. Deposit
$10
Min. Trade
0.01 lots
Crypto
Yes
Trade stocks, forex and commodities on the CrescoFX platform & MT4 app.
Demo Account
Yes
Regulated By
FCA
MT4 Integration
Yes
Min. Deposit
$1,000
Min. Trade
0.01 lots
Crypto
Yes
TeleTrade offers ECN accounts with tight spreads & powerful trading platforms.
Demo Account
Yes
Regulated By
CySEC
MT4 Integration
Yes
Min. Deposit
100 EUR/USD
Min. Trade
0.01 lots
Crypto
Yes
Trade FX, stocks, cryptos and commodities with powerful trading tools at eXcentral.
Demo Account
No
Regulated By
CySEC, FSCA
MT4 Integration
Yes
Min. Deposit
$250
Min. Trade
0.01 lots
Crypto
Yes
Zulutrade provide multiple automation and copy trading options across forex, indices, stocks, cryptocurrency and commodities markets
Demo Account
Yes
Regulated By
HCMC
MT4 Integration
Yes
Min. Deposit
$1 to $300 (Broker choice dependent)
Min. Trade
$1
Crypto
Yes
Forex broker Videforex accepts deposits in a range of cryptocurrencies. Payouts reach 95% per trade.
Demo Account
Yes
Regulated By
MT4 Integration
No
Min. Deposit
$250
Min. Trade
$1
Crypto
Yes
Deposit and trade with a Bitcoin funded account! Binarycent accept deposits in, and trade, 15+ Cryptocurrency types.
Demo Account
Yes
Regulated By
MT4 Integration
No
Min. Deposit
$250
Min. Trade
$.01
Crypto
Yes
Coinmama aim to make entering the crypto market as easy as possible, offering BTC,ETH,LTC,ADA,BCH and XTZ
Demo Account
Yes
Regulated By
MT4 Integration
No
Min. Deposit
€/£/$100
Min. Trade
€/£/$100
Crypto
Yes
IB Boast a huge market share of global trading. With a minimum deposit of $10,000 however, they remain an option for larger traders only.
Demo Account
Yes
Regulated By
SEC, FCA
MT4 Integration
No
Min. Deposit
$10000
Min. Trade
$100
Crypto
Yes
Trading 212 Offer a truly mobile trading experience. With tight spreads and a huge range of markets, they offer a dynamic and detailed trading environment. Recent customer care issues have severely damaged the reputation of the brand.
Demo Account
Yes
Regulated By
FCA
MT4 Integration
No
Min. Deposit
€/£/$1
Min. Trade
0.01 Lots
Crypto
Yes
ETX Capital are a London based, FCA regulated broker offering tight spreads across a wide range of markets. They offer professional client services to Pro clients. ETX are offering a FREE trading course to new clients, and free guaranteed stops on the TraderPro platform.
Demo Account
Yes
Regulated By
FCA
MT4 Integration
Yes
Min. Deposit
£250
Min. Trade
£1
Crypto
Yes
Just2Trade offer hitech trading on stocks and options with some of the lowest prices in the industry
Demo Account
Yes
Regulated By
FINRA, SIPC, NFA
MT4 Integration
Yes
Min. Deposit
£2500
Min. Trade
1 contract
Crypto
Yes
Alpari offer forex and CFD trading across a big range of markets with low spreads and a range of account types that deliver for every level of trader from beginner to professional.
Demo Account
Yes
Regulated By
FSC of Maritius
MT4 Integration
Yes
Min. Deposit
From $/£/€ 5
Min. Trade
0.01 Lots
Crypto
Yes
EverFX is an online broker offering trading in forex, stocks, cryptos and commodities.
Demo Account
Yes
Regulated By
CySEC, FSA, CIMA
MT4 Integration
Yes
Min. Deposit
$250
Min. Trade
0.01 lots
Crypto
Yes

What Is Cryptocurrency?

Crypto coins are digital currencies, typically built on decentralised blockchain networks and secured through cryptography. Instead of the physical distribution of traditional notes and coins by a government-controlled body, cryptocurrencies are mined and secured through an online system of computers, otherwise known as nodes.

The result is a system of money that governments cannot easily control through laws and rules. It’s this ambiguity that makes their use so hotly debated, leading to market volatility, and in turn, huge day trading volumes as investors try to profit from their fluctuating value.

Bitcoin investing

How To Start Cryptocurrency Trading

Here’s a quick guide if you want to start cryptocurrency trading:

  1. Own or speculate – If you want to invest by buying and holding cryptocurrency, you need an online exchange, such as BitMex. The straightforward mobile app receives positive customer reviews. Alternatively, if you want to take a position on the price of Bitcoin, for example, you’ll need to open an account with a broker. See our list of the best cryptocurrency trading brokers in the UK or check out our guidance below on how to compare companies.
  2. Fund your account – Deposit money into your exchange or cryptocurrency trading account.
  3. Trade & invest – Take a position on the crypto market or buy the digital coin you want, such as Litecoin.

Note, most cryptocurrency trading is done through short term price speculation instead of the longer-term holding of digital currencies at exchanges. As a result, brokers that offer leveraged crypto CFDs and forex trading are often a good place to start.

How To Compare Cryptocurrency Trading Brokers In The UK

When you start cryptocurrency trading, one of the key decisions you’ll need to make is which broker to open a trading account with. This is where you’ll exchange money for crypto products or assets. The tools offered, market access provided, and range of instruments can all impact returns. So when comparing brokers, it’s important to consider the below.

Products

If you just want to buy and hold Bitcoin, for example, you’ll be looking for an easy-access and secure crypto exchange that will serve as an online wallet. If you’re looking to start day trading cryptocurrency, you’ll want a competitive instrument that meets your needs. IQ Option, for example, offers investing in cryptos through forex and CFDs. In addition, they provide cryptocurrency trading multipliers which provide extra leverage in return for greater risk. For traders with limited capital, such products may help maximise profits.

Platforms & Apps

For the best results, you want a powerful cryptocurrency trading platform that’s stocked with a suite of volume charts and graphs, statistics, indicators, and analysis tools. This will make judging the market and executing positions easier. Regularly topping PDF lists of user-friendly cryptocurrency day trading platforms is MetaTrader (MT4).

Most popular cryptocurrency trading software in the UK is also available as stand-alone mobile apps. The best mobile investing platforms let you make deposits and withdrawals, track prices and take positions on the markets with a few taps. One useful tip is to use free demo accounts to do your own platform comparison.

Cryptocurrency trading MT4 mobile app

Cryptocurrency Trading Fees

Investors need to balance features with fees. Payment charges, cryptocurrency trading commissions and exchange costs can all cut into profits. At the same time, opting for the broker with the lowest fees or even without fees will likely come at a price, such as fewer trading tools or reduced reliability.

Cryptocurrency trading fees usually come in the form of:

  • Exchange costs – Cryptocurrency trading desks and exchanges charge varying amounts to use their software and services. The cryptocurrency you’re investing in and the volume of trades will impact the size of these fees. Kraken is a popular exchange with low costs. It’s always worth checking for price quotes before you open an account.
  • Trading fees – Brokers usually profit from the difference in the ask and bid price, known as the spread, or by charging a fixed price per trade, known as a commission. It’s worth checking reviews and doing a comparison before you start cryptocurrency trading as even small differences in fees can quickly add up.
  • Payment charges – At some of the best brokers, such as Trading 212, it’s free to make deposits and withdrawals into and from your cryptocurrency trading account. Robinhood and XM are also low-cost options. However, other firms may charge a fee for each payment. If you do open an account with these providers, it could be worth making fewer, larger payments to keep costs down. It’s also worth checking with customer support to see which payment options offer the lowest fees.

Licensing

The cryptocurrency trading market is to some extent as an unregulated investing engine. As a result, it’s not considered as secure and reputable as other financial markets, such as forex and stocks. It’s therefore important that traders open accounts with licensed and regulated cryptocurrency trading brokers. In the UK, the regulatory agency is the Financial Conduct Authority (FCA). Check the FCA register to make sure a broker is licensed.

Cryptocurrency Trading For Beginners

For cryptocurrency trading dummies, there are a few basics to get your head around before you put your money on the line:

  • Understand what’s hot – Cryptocurrencies such as Bitcoin, Litecoin and Ethereum are popular among investors for their large trading volumes and accessibility. However, new crypto coins emerge each week, so it’s worth keeping an eye out for fast climbers, such as Dash, Monero and Ripple.
  • Expect the unexpected – Cryptocurrencies are notoriously volatile. If you can’t get comfortable with serious fluctuations in price, you’ll be caught off guard. For example, Bitcoin dropped from close to $20,000 in 2017 to less than $5,000 in 2019 before closing post $20,000 in December of 2020.
  • Learn about blockchain – You don’t need a comprehensive understanding of the underlying blockchain technologies that sit behind popular cryptos, such as Bitcoin. However you do need to understand the basics so you can react to relevant news pieces that might affect the value of cryptos. For day trading beginners, there are a host of tutorials, video guides and detailed PDFs online that explaining the meaning of key terms and technologies. See our cryptocurrency trading tips below and investing tutorials for additional information.

Wallets

For beginners, if you want to own and hold cryptocurrencies instead of speculating on the price, you’ll need a wallet. In 2021 there are multiple online companies to choose from. It’s worth opting for a service that’s easy to register with and offers high levels of customer security. Our recommendation is Bitmex – a leading online crypto exchange.

cryptocurrency alt-coins

Cryptocurrency Trading Strategies

Once you’ve opened an account with a cryptocurrency trading broker, you can then implement a strategy. The best strategies combine technical analysis with a careful approach to risk management.

HODling

This straightforward strategy involves taking a long position on crypto coins in the belief the price will climb over time. This strategy became well known in 2013 when a trader accidentally proclaimed they would be hodling (holding) onto their Bitcoin position despite the fall in price. Of course, due to the volatility of popular crypto coins, this is a risky strategy. Indeed, Bitcoin only returned to its 2018 peak in December of 2020.

Day Trading

As the name suggests, a day trading cryptocurrency strategy refers to the buying and selling of crypto, such as Litecoin, in the same trading day. Day traders typically place a number of long and short positions intending to profit on intra-day price movements. Day traders usually close all of their positions at the end of the day. This is a particularly popular strategy for those with the time to analyse charts and follow market news.

Find out more about day trading.

Tips

There are several useful tips to bear in mind when you start trading and investing in cryptocurrencies:

  • Leverage – Leveraged cryptocurrency trading allows you to increase your position size by borrowing capital from a broker. FCA-regulated brokers cap leverage rates at 1:30 for retail traders. Leveraged cryptocurrency trading can also lead to large losses, so caution is advised. Margin exchanges have varying leverage rates. Bitfinex is one leading cryptocurrency trading platform and is our recommendation. Bittrex also receives good customer reviews.
  • Risk management – to make consistent profits investing in cryptocurrencies, you’ll need a carefully thought through risk management strategy. The one percent rule is one such example. Brokers today offer a multitude of risk management alerts and various orders and trailing stops so you can minimise risk. You can also find strategy PDFs online for additional tips.
  • Trading journals –  Keeping a journal is an excellent way to track your trading performance and identify opportunities to refine strategies, tweak risk management processes, and maximise profits.
  • Market analysis – Brokers today after a wealth of technical analysis tools, from advanced charting and signals to historical price charts that allow you to track the value of cryptocurrencies. These can all help inform strategies.
  • News – The short-term value of cryptocurrencies can be seriously influenced by the news. The announcement of new rules and regulations from the UK government, for example, will likely impact the price of some cryptos.
  • Volumes – One particularly useful cryptocurrency trading tip is to analyse current investing volumes against the number of wallets and active wallets. This can help paint a picture of the present market value of cryptocurrencies.

Cryptocurrency trading risk management stops

Rules

Due to their short but eventful history, governments are working hard to introduce rules and regulations to control the growth of cryptocurrencies. Before you start cryptocurrency trading & investing, it’s worth understanding your obligations when it comes to taxes and any other legal requirements.

The UK government is yet to introduce any legal rules to prevent trading in cryptocurrencies. Of course, that isn’t to say that cryptocurrency trading doesn’t come with risks. Multiple groups that warn of the dangers of crypto investing, including online scams. It also doesn’t mean that bans won’t be introduced in the future.

Taxes

The UK’s HMRC was among the first countries to introduce rules on cryptocurrency trading taxes. They are also among the most active tax agencies when it comes to collecting any revenue due from investing & trading in cryptocurrencies. In the 2019 – 2020 tax year, for example, HMRC reached an agreement with online crypto exchange – Coinbase, to share information on all accounts that held over $5,000 in crypto assets.

Your tax obligations will depend on your cryptocurrency trading activity:

  • Holding cryptocurrency – If you invest in cryptos and hold it as an investment in a wallet or exchange, you will be required to pay Capital Gains Tax. The capital gain is the difference between the GBP value of the cryptocurrency when it’s bought and when it’s sold.
  • Trading cryptocurrency – If you are day trading cryptocurrency, for example, you will be subject to Income Tax rules. Thresholds change, but most individuals are entitled to a personal tax allowance, before moving onto the basic rate of tax, higher rate, and then an additional rate for high-income earners.

For more information on UK taxes on cryptocurrency trading and investing, see HMRC’s guidance.

Pros Of Cryptocurrency Trading In The UK

There are several advantages to cryptocurrency trading:

  • Profit potential – If you take cryptocurrency trading vs forex or stock trading, there is typically more market volatility, which may lead to greater profits for savvy investors.
  • Market tips – There are a host of useful websites and resources that offer daily trading tips, crypto definitions, and investing basics.
  • Mining cryptos – Investing can be done through mining and holding cryptos – you don’t have to trade the digital coins on online trading markets.
  • Account options – Traders can choose between multiple brokers and exchanges that offer everything from micro investing up to large volume investment funds.
  • Weekend trading – Cryptocurrencies break the traditional mould of financial markets and still see fairly decent trading volumes over the weekends. These extended cryptocurrency trading times and hours may suit some investors with fewer days free in the week.

Cons Of Cryptocurrency Trading In The UK

Downsides of investing in cryptocurrencies include:

  • Risky – Cryptocurrencies are more unpredictable than established financial markets. As a result, there is a risk of large losses if prices don’t move in the expected direction. Trading on leverage increases these risks.
  • Rules – Whilst the UK government hasn’t thus far brought in strict rules to curtail the use of and investment in cryptocurrencies, it is a possibility. At that point, the value of crypto assets held may fall.

Bots

Cryptocurrency day trading bots are a useful tool that allow you to automate successful trading strategies. Following pre-determined investing algorithms, bots automatically open and close positions based on market data and signals. Used correctly, trading robots can free up time while increasing investing volumes. Zenbot is a particularly popular cryptocurrency trading bot.

A number of automated services in the UK can help you build a cryptocurrency trading robot. You’ll also find tutorials online that explain how to make a bot. Alternatively, there are pre-existing Python scripts and APIs with user-friendly dashboards to help you refine a pre-existing algorithm. As machine learning continues to evolve, traders can expect more intelligent quantitative bots to enter the cryptocurrency trading game.

It’s worth highlighting that there are downsides to investing in cryptocurrencies in the UK with bots. Firstly, learning how to create your own algorithm isn’t easy and can be time-consuming. Bots are also expensive, especially if you pay to use someone else’s. Bots also need monitoring. If the market dives, algorithms may need adjusting.

Cryptocurrency Trading Education

Cryptocurrencies are still relatively new and people are still learning how investing in these digital coins works. Fortunately, there are ample resources online to help upskill prospective traders and investors, including free courses online, detailed PDFs and ebooks, plus newsletters and treading calculators, all of which provide important market lessons and offer tactics.

There are also podcasts and online videos on YouTube to explain how it all works. Online forums and newsletters are another good place to get recommendations and cryptocurrency trading methods explained by successful investors.

For those with deeper pockets and enough time, you can also find cryptocurrency trading mentors who will start with trading 101s and stay with you until you’re generating consistent profits.

It’s worth setting time aside to explore crypto investing websites and studying educational resources to inform your investing strategies.

Demo Accounts

One of the most important tools available is a cryptocurrency trading demo account. Offered by many online brokers, simulator accounts are an excellent place to practice trading in a risk-free environment. Investors can practice the basics and get a view on how successful cryptocurrency trading strategies may be with a virtual bankroll. Once investors have finished in the training arena, they can open a live account and start trading with real money.

Final Word On Cryptocurrency Trading

We’ve walked you through how to start trading and investing in cryptocurrencies in the UK in 2021. Our guide has explained how to choose a good broker, what to factor into good strategies, as well as considering leading software and apps. It’s also worth remembering that while there are crypto millionaires, there is also a long list of traders who lose money trading on the likes of Bitcoin. Crypto investing is not a game.

Further Reading