Ethereum Trading and Brokers 2021

While still undeniably in its infancy, the market for cryptocurrencies, like Ethereum has exploded. Decentralised, digital alternatives to fiat currencies have been around since around the time the most well-known, bitcoin, was launched in 2009. However, it is over the past few years that adoption levels have seen cryptocurrencies enter mainstream public consciousness.

Venture capital has been pouring into cryptocurrencies and their underlying blockchain technology for several years now. Perhaps even more tellingly, financial and government institutions are now taking the concept of cryptocurrencies playing an important role in the economy seriously. They are investing big money into educating themselves and preparing infrastructure and legislation around what many consider to be the biggest technological leap since the internet to influence how we live and conduct commerce.

Ethereum Brokers List

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Found 99 Brokers
A trader with a Plus500 account can trade CFDs on underlying financial instruments such as Forex, Stocks, Commodities, Cryptocurrency (Availability subject to regulation), Options and Indices. With tight spreads and no commission, they are a leading global brand.
Demo Account
Yes
Regulated By
FCA, CySec, ASIC
MT4 Integration
No
Min. Deposit
$100
Min. Trade
Varies by asset
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
$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
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
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
Forex.com boast a global reputation. Regulated in the UK, EU, 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
CySEC, 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, ASIC, BVI
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
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
Pocket Option is a global binary options broker with sleek proprietary trading platform and competitive range of assets.
Demo Account
Yes
Regulated By
IFMRRC
MT4 Integration
No
Min. Deposit
$50
Min. Trade
$1
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
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
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
FBS is a top online broker offering MT4 & MT5 trading across a range of instruments.
Demo Account
Yes
Regulated By
IFSC, CySEC, ASIC, FSCA
MT4 Integration
Yes
Min. Deposit
$1
Min. Trade
0.01 lots
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, FSA Seychelles
MT4 Integration
Yes
Min. Deposit
$0
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
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
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
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
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
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
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
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
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
FXTrading.com 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
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
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
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
SimpleFX is a CFD broker offering its own SFX WebTrader platform & low fees.
Demo Account
Yes
Regulated By
MT4 Integration
Yes
Min. Deposit
$0
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
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
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
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
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
Squared Financial is a CySEC-regulated forex & CFD broker with 10,000 tradeable assets for both MT4 and MT5.
Demo Account
Yes
Regulated By
CySEC, FSA
MT4 Integration
Yes
Min. Deposit
$100
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
$0
Min. Trade
0.01 lots
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
$0
Min. Trade
$1
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
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
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
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
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
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
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
Admiral Markets is leading Forex and CFD broker offering the MT4 & MT5 platforms
Demo Account
Yes
Regulated By
FCA, CySEC, ASIC, JSC
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
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
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
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
MT4 Integration
Yes
Min. Deposit
$10
Min. Trade
$1
Crypto
Yes
Bithoven is a MT5-powered online broker offering leveraged cryptocurrency trading.
Demo Account
Yes
Regulated By
FSA
MT4 Integration
No
Min. Deposit
$0
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
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
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
JP Markets is an award-winning South African Forex and CFD broker.
Demo Account
Yes
Regulated By
FSB
MT4 Integration
Yes
Min. Deposit
$0
Min. Trade
0.01 lots
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
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
Remitano is a competitive peer-to-peer crypto exchange with margin trading, investing, swapping and news services.
Demo Account
No
Regulated By
MT4 Integration
No
Min. Deposit
No
Min. Trade
No
Crypto
Yes
Finalto is a tech-focused brokerage firm offering CFD trading on a competitive range of assets, alongside liquidity provision and risk management systems.
Demo Account
Yes
Regulated By
FCA,CySEC,ASIC,BVI FSC, FSCA
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
Yes
SuperForex is an African-based forex and derivatives broker with currency pairs, commodities, cryptos, stocks and indices.
Demo Account
Yes
Regulated By
IFSC
MT4 Integration
Yes
Min. Deposit
$1
Min. Trade
0.01 lots
Crypto
Yes
Bitvalex is a cryptocurrency exchange supporting small and large orders for Bitcoin, Ethereum, Litecoin and Bitcoin Cash.
Demo Account
Yes
Regulated By
MT4 Integration
No
Min. Deposit
$50
Min. Trade
0.001 BTC
Crypto
Yes
WazirX is an Indian cryptocurrency exchange with several extra functionalities, including P2P trading, an NFT marketplace and Smart Token Funds.
Demo Account
No
Regulated By
MT4 Integration
No
Min. Deposit
INR 100
Min. Trade
$14.50
Crypto
Yes
GoStreams is an unregulated forex, cryptocurrency and CFD broker with MT4 support, negative balance protection and social trading functionality.
Demo Account
Yes
Regulated By
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01
Crypto
Yes
Hugo's Way is an unregulated forex, crypto and CFD broker with MT4 access and impressive assets, leverage rates and security measures.
Demo Account
Yes
Regulated By
MT4 Integration
Yes
Min. Deposit
$50
Min. Trade
0.01 lots
Crypto
Yes
Tastyworks is an options and derivatives broker with trading in a range of equity, forex and crypto markets.
Demo Account
No
Regulated By
SEC, FINRA
MT4 Integration
No
Min. Deposit
$0
Min. Trade
Crypto
Yes
Crypto.com is a popular crypto exchange and DeFi service provider, offering token lending, pre-paid cards, NFTs and more.
Demo Account
No
Regulated By
MT4 Integration
No
Min. Deposit
$0
Min. Trade
0.0003 BTC
Crypto
Yes
Genesis Global Trading is a high-end US crypto exchange targeted at insure, high-volume digital token trades.
Demo Account
Yes
Regulated By
SEC, FINRA
MT4 Integration
No
Min. Deposit
$75,000
Min. Trade
$250,000
Crypto
Yes
AvantGardeFX is a Vanuatu-based forex and CFD broker with a competitive range of assets, platforms and tools on offer.
Demo Account
Yes
Regulated By
VFSC
MT4 Integration
Yes
Min. Deposit
$500
Min. Trade
0.01 lots
Crypto
Yes
Nuo is a decentralised finance platform with crypto lending, borrowing and leverage trading services for a range of ERC20 tokens.
Demo Account
Yes
Regulated By
MT4 Integration
Yes
Min. Deposit
No
Min. Trade
No
Crypto
Yes
Fulcrum is a DeFi platform with crypto lending, staking and margin trading on Ethereum-based digital tokens.
Demo Account
No
Regulated By
MT4 Integration
No
Min. Deposit
$0
Min. Trade
$1
Crypto
Yes
Celsius Network is a UK-based cryptocurrency lending and borrowing platform with an in-built exchange and support for trading almost 40 digital tokens.
Demo Account
Yes
Regulated By
SEC, FinCEN
MT4 Integration
No
Min. Deposit
$0
Min. Trade
$0
Crypto
Yes
Huobi is one of the world's largest cryptocurrency exchanges, offering the top tokens by market cap on their proprietary trading platform.
Demo Account
Yes
Regulated By
FCA, FSAS
MT4 Integration
No
Min. Deposit
$100
Min. Trade
No minimum
Crypto
Yes
Bitlocus is an innovative crypto exchange supporting 16 major tokens and providing a crypto payment gateway for businesses.
Demo Account
No
Regulated By
FCA
MT4 Integration
No
Min. Deposit
$0
Min. Trade
$10
Crypto
Yes
NiceHash is a cryptocurrency mining provider, hash power marketplace and crypto exchange with competitive pricing and a wide range of tokens.
Demo Account
Yes
Regulated By
BVIFSC
MT4 Integration
No
Min. Deposit
€1
Min. Trade
0.0001BTC, 1USDT
Crypto
Yes

Chart

Exactly what the future holds in store for cryptocurrencies and their role in our world is hard to tell at this point. That they will have a major role is becoming hard to argue against. As a payments system, blockchain cryptocurrencies are faster, cheaper and potentially more secure than current online payment technologies. This means that they will almost certainly have a key role in future payment processing systems. However, their position as a viable alternative to fiat currencies will face stronger opposition from established governmental and financial institutions. As such, the future of cryptocurrencies as an eventual replacement for fiat currencies is less clear cut.

A significant way in which some of the more established cryptocurrencies have already achieved acceptance as financial assets or investment instruments is that they can now be traded alongside the major fiat currencies. CFDs pairing Ethereum and bitcoin with the U.S. dollar, British pound, euro and yen are now a commonplace offering on the trading platforms of brokers. In this article, we’ll focus on Ethereum and what anyone interested in trading the cryptocurrency should be aware of.

How to Trade Ethereum

Trading cryptocurrencies online via CFDs, spread betting or binary options brokers, whether Ethereum, bitcoin or another, works in the same way as with any other derivative. An Ethereum/fiat pair CFD is created by the broker which reflects the exchange price between the two. The actual cryptocurrency is not held and the trader simply uses a derivative to take a position on whether its price will rise or fall against the fiat currency it is paired against over the course of the trade.

The broker bases the exchange price of Ethereum to the fiat side of the pair, which could be USD, BGP, EUR or JPY, on the prices currently trading on the dominant cryptocurrency exchanges and market makers they work with.

A handful of particularly progressive brokers have also started to offer the option of traders using Ethereum and other cryptocurrencies as the base currency of their trading accounts.

Advantages to Trading Ethereum

The fact that cryptocurrencies are both a developing market and asset class and that different factors influence their pricing in comparison to other financial instruments creates an interesting scenario for traders. Ethereum’s unique status in this regard has several advantages for traders as well as some disadvantages.

One strong plus as to why trading cryptocurrencies such as Ethereum is gaining popularity is that, unlike with fiat currencies, there are no market hours. Their decentralised nature means they can be traded 24 hours a day, 7 days a week. This is of particular appeal to retail traders who have day jobs and find time limited during the working week.

Traditionally traded financial instruments such as fiat currencies, commodities, stocks and indices are closely connected to geo-politics and the economics of particular countries and geographical regions. Cryptocurrencies, on the other hand, are not influenced by localised factors in the same way and this leads to minimum correlation with most other instruments. Many traders consider this as a benefit to taking cryptocurrency positions, which can be considered as a hedge to positions held in other more highly correlated markets.

Finally, the biggest incentive for trading Ethereum and other cryptos is their high levels of volatility. It’s highly unusual to see daily movements of more than a decimal place of a percentage point between major fiat currency pairs. Ethereum, bitcoin and other cryptocurrencies are, however, still immature markets and as a result much more volatile. Movements of up to 3% against the major fiat currencies over the course of a single day are relatively commonplace and double-digit swings also take place from time to time. Such big price swings mean the potential to realise huge profits for traders who are on the right side of them.

Disadvantages to Trading Ethereum

Ethereum’s relative volatility in comparison to major fiat currencies can also be considered a disadvantage when it comes to trading the cryptocurrency. Just as big profits can be made by traders on the right side of any major price swing, those on the wrong side will sustain significant losses. This makes trading cryptocurrencies a high risk-high reward trading position and only appealing to more aggressive, adventurous traders.

A further disadvantage to trading Ethereum or bitcoin is another flipside to one of the advantages – non-correlation with other financial markets. Because cryptocurrencies are not influenced by the same geo-political and localised economic trends as other financial instruments, predicting their price trajectories means learning about and monitoring a different set of influencers. Ethereum price changes are mainly influenced by events around adoption numbers and sentiment and security.

While blockchain technology theoretically means cryptocurrencies should be much safer than electronically held fiat currencies when it comes to fraud or theft, their newness means that there are still bugs in the system that hackers occasionally exploit. Security breach scandals tend to send cryptocurrency values temporarily tumbling while big events that pep up sentiment that Ethereum or another cryptocurrency demonstrating strong adoption progress can really boost values. Cryptocurrency traders therefore have to monitor a whole different set of information which is both a time commitment and learning process.

Where Can I Trade Ethereum?

As little as a year ago there were very few online brokers offering Ethereum or other cryptocurrency CFDs. That is rapidly changing and now traders wishing to take positions on crypto/fiat pairs have a good degree of choice. Some of the biggest international names in financial markets trading now offer Ethereum and bitcoin pairs as part of their suite of tradable instruments. In another year, a brokerage not offering cryptocurrencies as tradable instruments will most probably be the exception.

When choosing a broker to trade Ethereum and other cryptocurrencies with the most important factors to look at are the size of the spread or commission, as some can be quite a lot wider than standard, and where pricing is taken. Most of the bigger cryptocurrencies have competing exchanges and prices for crypto unit to fiat currencies are not always 100% uniform do to the relative immaturity of the markets. When trading with leverage even fractional price discrepancies can make a difference. Most brokers will state the source and methodology of their cryptocurrency price feeds and it is important to see this is done in a clear and transparent manner.

Ethereum vs Bitcoin

We’ve seen how cryptocurrencies differ from fiat currencies but how do different cryptocurrencies differ between each other? What’s the difference between ethereum and bitcoin, for example? The first, and probably the most important, difference between cryptocurrencies is nothing more than rate of adoption.

Bitcoin was the first widely used cryptocurrency. As such, the supporting infrastructure of online and offline storage facilities, exchanges, merchants who accept payment in bitcoin and businesses built around bitcoin is the most developed. It has the highest rate of adoption. Ethereum is bitcoin’s closest challenger in terms of rate of adoption.

Ethereum’s growing popularity and usage is the result of an accompanying software ‘platform’ that adds additional features and makes it more than just a cryptocurrency. Ethereum is actually the name of the wider platform, with the cryptocurrency units referred to as ethers. Smart contracts can be created from digital tokens to represent things such as virtual shares, assets, proof of membership voting, fundraising and more.

Other differences between Ethereum and bitcoin are that Ethereum ‘blocks’, which store cryptographed transaction and ownership data, are formed more quickly, at around 12 seconds compared to 10 minutes for bitcoin. This makes transaction confirmations faster with Ethereum. There are a number of other differences between the two, such as how transfer costs are calculated. The main difference, however, can be summed up as that bitcoin’s ambition is purely to be a digital currency while Ethereum aims to accomplish more with the currency aspect one element of a bigger overall aim.

How Cryptocurrencies Work

Cryptocurrency systems such as Ethereum and Bitcoin are based on a technology called blockchain. Blockchain is a decentralised ledger-type database that stores a registry of assets and transactions across a peer-to-peer network. It’s essentially a public registry of who owns what and who transacts what, its history locked in blocks of data then cryptographically linked and secured to make an unforgeable record of all transactions which replicated on every computer using the network.

The two fundamental differences between crypto and fiat currencies are:

  • Cryptocurrencies do not require a third party to verify and control electronic transactions
  • Cryptocurrencies have a finite, non-expandable total number of units

These two divergences in how cryptocurrencies work compared to fiat are put forward by advocates as why they are a superior alternative. The decentralised nature of blockchain makes tampering harder and security higher as there is no single point of weakness in a registry stored in potentially hundreds of millions of multiple copies on multiple devices. They are also not influenced by political and economic interests and events affecting specific geographies. And, most crucially, units cannot be devalued by a central bank printing more of the currency as and when they see fit.