Stablecoins
The first stablecoins were issued in 2014 in an attempt to combat the volatility associated with cryptos like Bitcoin. Today, the market capitalisation of these new digital currencies stands above £6.5 billion with Tether’s USDT leading the pack. Here we review stablecoins, with definitions explained and the respective merits and drawbacks detailed. We also explain how retail investors can start trading stablecoins.
Crypto Brokers
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OANDA is an award-winning global broker, established in 1996. The hugely respected brand offers competitive trading accounts and serves clients from 196 countries. It has proven a popular option with both beginners and experienced traders thanks to its user-friendly and sophisticated web platform, no minimum deposit and premium currency products and services. The company is also overseen by reputable regulators, including the FCA, ASIC and CIRO.
Crypto Coins
- BTC
- ETH
- LTC
- BCH
- PAXG
- LINK
- UNI
- AAVE
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IC Markets is a respected multi-asset broker offering premium trading technology, highly competitive pricing and 24/7 customer support. The broker provides various social trading features for beginners whilst experienced traders can enjoy advanced charting and analysis tools. Over 180,000 clients from more than 200 countries have signed up with the heavily regulated and trustworthy brand.
Crypto Coins
- BTC
- BCH
- ETH
- LTC
- DASH
- XRP
- EOS
- EMC
- NMC
- PPC
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OKX is a respected cryptocurrency firm, established in 2017, that offers a large suite of products, from mining pools to NFTs. Traders can access over 400 crypto tokens via OTC trading and derivatives. With an excellent web platform, developer tools and dynamic charts, OKX is a popular choice for technical traders.
Crypto Coins
- BTC
- XCH
- ETH
- OKB
- OKT
- LTC
- DOT
- ADA
- DOGE
- XRP
- USDT
- ICP
- BCH
- LINK
- XLM
- ETC
- MATIC
- THETA
- UNI
- TRX
- EOS
- FIL
- XMR
- NEO
- USDC
- AAVE
- SHIB
- LUNA
- KSM
- BSC
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XTB is one of the largest stock exchange-listed forex and CFD brokers in the world, offering access to over 5800 instruments on their xStation platform. They boast 700,000 active traders, 20 years experience and authorization from tier-one regulators, including the UK's FCA.
Crypto Coins
- ADA
- BTC
- BCH
- DSH
- EOS
- ETH
- IOTA
- LTC
- NEO
- XRP
- XLM
- TRX
- XEM
- XLM
- XMR
- DOGE
- BNB
- LINK
- UNI
- DOT
- XTZ
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Uphold is a digital asset platform offering a range of services, from crypto trading and staking to payment cards that provides rewards and easy multi-currency payments. The company was established in 2015 and has enabled $4+ billion in transactions. Uphold is now active in 180+ countries and deals in 200+ crypto and fiat currencies.
Crypto Coins
- BTC
- BTCO
- AAVE
- ALCX
- DYDX
- INH
- XYO
- API3
- GHST
- LSK
- AUDIO
- GLMR
- NMR
- CAKE
- GODS
- REQ
- CHR
- TRB
- DAO
- ROOK
- XRP
- ETH
- BAT
- ADA
- ALGO
- ATOM
- AVAX
- AXS
- BCH
- BAL
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BitMEX is a crypto exchange and derivatives trading platform, launched in 2014, that offers low fees and starting deposit for a fiat–crypto onramp, spot trading, and crypto derivatives including perpetual contracts, traditional futures and quanto futures. BitMEX offers amongst the largest market liquidity of any cryptocurrency exchange.
Crypto Coins
- BCH
- BTC
- ETH
- LTC
- XRP
- TRON
- EOS
- XMR
- ADA
- DOGE
- BNB
- DOT
- SOL
- SHIB
- AVAX
- GAL
- NEAR
- SUSHI
- AXS
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PrimeXBT is a multi-asset platform offering highly leveraged trading in forex, indices, commodities and cryptocurrencies. The company launched in 2018 and now has over 1 million users from more than 150 countries. With no minimum deposit, copy trading features and low commissions, the broker has become popular among new and experienced traders.
Crypto Coins
- BTC
- LTC
- ETH
- XRP
- EOS
- ADA
- DOT
- SOL
- UNI
- LINK
- DOGE
- BNB
- ICP
- SAND
- more
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Coinmama is a popular cryptocurrency exchange that aims to provide streamlined and user-friendly cryptocurrency trading options to the retail market. Traders can buy a range of tokens via a fiat on-ramp, store their tokens in a third-party wallet and earn loyalty bonuses for trading with Coinmama. Millions of clients from over 180 countries have signed up to the firm.
Crypto Coins
- BTC
- ETH
- LTC
- BCH
- XRP
- DOGE
- UNI
- LINK
- XTZ
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IQCent is an offshore binary options and CFD broker based in the Marshall Islands with 10+ payment methods and a low $50 starting deposit. With 100+ assets, around the clock trading and high payouts the brand is popular with aspiring traders.
Crypto Coins
- BTC
- ETH
- LTC
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LQDFX is a straight-through processing (STP) broker based in the Marshall Islands. The offshore trading firm offers competitive spreads from 0.0 pips, free deposits, 24/5 support and access to the hugely popular MetaTrader 4 platform. LQDFX also runs a competitive bonus program with welcome incentives.
Crypto Coins
- BTC
- LTC
- ETH
- DSH
- XRP
- BCH
- NEO
- ZEC
- XMR
- ADA
- BNB
- SOL
- LUNA
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Kwakol Markets is a Nigerian headquartered broker with strong regulatory oversight in Australia and Canada. A great selection of asset classes are available, including synthetic products that simulate realistic market activity. Clients can trade on the MT4, MT5 and cTrader platforms, as well as a copy trading solution whereby a fee is only paid on profitable trades.
Crypto Coins
- BTC
- BCH
- ETH
- LTC
- XRP
- BNB
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OspreyFX is an ECN broker headquartered in St. Vincent and the Grenadines. Established in 2019, the firm offers 120+ forex and CFD assets with high leverage up to 1:500, tight spreads from 0.1 pips and round-the-clock customer support. OspreyFX also stands out for its funded trading accounts where traders can keep up to 70% of profits.
Crypto Coins
- BTC
- DASH
- EDO
- EOS
- ETH
- IOTA
- LTC
- NEO
- OMG
- SAN
- XMR
- XRP
- ZEC
- DOGE
- SHIB
- ADA
- SOL
- DOT
- AVA
- XLM
- TRON
- ETC
- BNB
- BCH
- BAT
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CloseOption is a Georgia-headquartered broker with over a decade in the trading industry. The brand offers high/low binary options trading on forex and crypto markets, with decent payouts, welcome bonuses, 24/7 customer support and intuitive trading software.
Crypto Coins
- BTC
- BCH
- ETH
- LTC
- XBT
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Amega is an offshore STP broker offering CFD trading on forex, stocks, indices and commodities with very high leverage up to 1:1000 and a zero-commission pricing structure. Traders access markets through the MT5 platform and can test the broker's services through a demo account.
Crypto Coins
- BTC
- ETH
- LTC
- XRP
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Errante is a Cyprus-based and regulated forex and CFD broker with leveraged trading on multiple assets, tiered accounts including a zero-spread option, and copy trading support. The broker offers leveraged trading up to 1:30 under its CySEC-regulated branch and 1:500 from an offshore branch, and supports the MetaTrader 4 and MetaTrader 5 platforms. Errante's asset list is relatively limited but it does offer fast execution and low latency, and it is a trustworthy brand.
Crypto Coins
- BTC
- ETH
- LTC
- BCH
- XRP
- DASH
- EOS
- IOTA
- NEO
- OMG
- QTU
- TRX
- XMR
- ZEC
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Coinexx is an unregulated broker that provides leverage up to 1:500 on forex, commodities, indices and cryptocurrencies with deep liquidity, pure ECN spreads and negative balance protection. The broker uses crypto as base currencies and has low minimum deposit requirements of 0.001 BTC.
Crypto Coins
- BTC
- ETH
- LTC
- XRP
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Ingot Brokers is a multi-regulated brokerage offering CFD trading opportunities on 1000+ instruments including forex, stocks, indices, commodities and cryptocurrencies. The broker supports the MetaTrader 4 and MetaTrader 5 platforms and offers both raw spreads and commission-free account options with competitive pricing and fast execution. It also has copy trading functionality and a decent suite of extras including educational content and calculators.
Crypto Coins
- BTC
- ETH
- LTC
- BCH
- XRP
- DOT
- EOS
- LNK
- DOGE
- ADA
- XLM
- ATOM
- AAVE
- AVX
- BNB
- DASH
- ENJ
- FTM
- MATIC
- SNX
- WAVE
- XMR
- XTZ
- YFI
- SOL
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GoFX is an unregulated CFD and forex broker that covers instruments from currency, stock, index, commodity and crypto markets. Traders can sign up to a variety of account types with deposits as low as $1 and will trade using the popular MetaTrader 4 platform. Exceptionally high leverage up to 1:3000 is offered on the standard account, while traders with the low-spread account can access leverage up to 1:1000.
Crypto Coins
- BTC
- ADA
- ETH
- LTC
- DOG
- XRP
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LonghornFX is a forex and CFD broker offering over 150 instruments with leverage up to 1:500. The firm is registered in Saint Vincent and the Grenadines and was launched in 2020. Clients can access a strong selection of cryptos, alongside forex, indices, commodities and stocks. With ECN/STP processing, this offshore broker promises tight spreads and fast execution.
Crypto Coins
- BTC
- DASH
- ETH
- LTC
- BCH
- XRP
- NEO
- IOTA
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Firstrade is a US-headquartered discount broker-dealer with authorization from the SEC. The company is also a member of FINRA/SIPC. With welcome bonuses, powerful tools and apps, plus commission-free trading, Firstrade Securities is a popular online brokerage. It is also quick and easy to open a new account.
Crypto Coins
- ALGO
- AVAX
- BAT
- BTC
- BCH
- ADA
- LINK
- ATOM
- CRO
- CRV
- MANA
- DOGE
- ETH
- ETC
- FTM
- LTC
- LRC
- MATIC
- REN
- SHIB
- SOL
- XLM
- SUSHI
- GRT
- UNI
- YFI
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GC Option is a binary options broker offering contracts with flexible contract lengths and payouts up to 86% on 27 instruments. This is one of the few binary options brokers to support MetaTrader 4, which it provides alongside two proprietary trading platforms.
Crypto Coins
- BTC
- BCH
- BNB
- ETH
- ETC
- XMR
- ZEC
- DSH
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World Forex is an offshore broker registered in St Vincent and the Grenadines, offering commission-free trading with a $1 minimum deposit and 1:1000 leverage. Digital contracts are also available, offering beginners a straightforward way to speculate on popular financial markets.
Crypto Coins
- BTC
- DSH
- LTC
- ETH
- ZEC
- XRP
- BCH
- XMR
- EOS
- NEO
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FinPros is an offshore broker that provides CFD trading on 400+ instruments with high leverage up to 1:500. This is a reliable bet for traders seeking offshore options, with strong security measures, negative balance protection and segregated client funds. The extra features including trading tools and commission-free stocks make this a good choice for beginners, and experienced day traders will appreciate tight spreads.
Crypto Coins
- ADA
- BTC
- DOT
- EOS
- ETH
- LTC
- XLM
- XRP
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Baxia Markets is an offshore CFD broker that offers trading on forex, commodities and indices with tight spreads on a straight-through processing model with ultra-low latency. Trade on MetaTrader 4 or MetaTrader 5 with leverage up to 1:500 and no restrictions to scalping or hedging strategies. Users also benefit from third-party copy trading services.
Crypto Coins
- BTC
- BCH
- ETH
- LTC
- XRP
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Vault Markets is an award-winning brokerage headquartered in Namibia. It is an accessible direct-market-access CFD broker with affordable minimum deposits, flexible funding methods and high leverage. This broker offers a very large range of forex pairs as well as commodities and indices through MetaTrader 4 or MetaTrader 5.
Crypto Coins
- BTC
- ETH
- LTC
- ADA
- XRP
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Zacks Trade is a FINRA-regulated US broker offering trading on stocks, ETFs, cryptocurrencies, bonds and more through a proprietary terminal. The broker is geared toward active traders and offers very affordable fees on most assets as well as an app and a vast amount of market data.
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Revolut is a popular financial app that also offers trading on stocks, metals and digital currencies. The brand has over 25 million users worldwide with a choice of accounts, tools and services to suit different needs and budgets, including online investing and currency exchange.
Crypto Coins
- ZRX
- 1INCH
- AAVE
- ALGO
- AMP
- ANKR
- BNT
- BAND
- BAT
- BTC
- BCH
- ADA
- CTSI
- CELO
- LINK
- CHL
- COMP
- ATOM
- CRV
- MANA
- DOGE
- ENJ
- EOS
- ETH
- FIL
- RLC
- ICP
- KEEP
- KNC
- LTC
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Scope Markets offers day trading and investing in multiple spot and CFD instruments. The group of brokers is regulated in several locations, including Belize, Kenya and South Africa. Users get competitive trading conditions, a range of payment methods, strong support and can get started in a few straightforward steps.
Crypto Coins
- BTC
- ETH
- LTC
- XRP
- XMR
- ZEC
- BCH
- DASH
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TMGM is an ASIC-regulated forex and CFD broker with a vast range of tradeable assets covering forex, stock, index, crypto and commodity markets. The account types on offer provide a flexible choice between no commission or zero spreads, with competitive pricing all-round.
Crypto Coins
- BTC
- BCH
- ETH
- LTC
- XRP
- BNB
- DOT
- EOS
- LINK
- UNI
- XTZ
- XLM
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AZAforex is a multi-asset broker founded in 2016. The brand offers a sophisticated proprietary platform, ECN trading and 40+ deposit methods. The brokerage has 120,000+ registered customers with copy trading and a VPS.
Crypto Coins
- BTC
- BCH
- DASH
- ETH
- LTC
- USDC
- USDT
- XMR
- XRP
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Kucoin is a crypto exchange that offers trading on 1000+ tokens as well as leveraged trading opportunities via futures and perpetual swaps. This exchange has a slick trading platform that supports robots, allowing traders to implement automated strategies. Other attractive features include a demo account, flexible funding methods and DeFi features like staking and mining.
Crypto Coins
- ETH
- BTC
- VRA
- LUNA
- KCS
- XRP
- LTC
- ALGO
- TEL
- DOT
- ADA
- XMR
- AVAX
- FTM
- VET
- XLM
- LINK
- MATIC
- ONE
- TRX
- HBAR
- ICP
- CRO
- EOS
- DOGE
- WBTC
- ATOM
- XDC
- DAG
- COTI
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RockGlobal is a New Zealand based and regulated CFD broker. They offer competitive spreads from 0.1 pips and a large range of assets, trading platforms and educational services, with up to 1:500 leverage. Operating in a Tier 1 regulated environment, RockGlobal offers peace of mind and excellent customer support. All client funds are held in segregated Trust accounts. Join a large community of active traders and get a 30% First Deposit Bonus!
Crypto Coins
- BTC
- BCH
- LTC
- ETH
- XRP
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Founded in 2017, Pocket Option is a binary options broker offering up/down contracts on forex, stocks and cryptocurrencies. With over 100,000 active users and a global reach, the brand has proven popular with budding traders. Pocket Option also supports dozens of payment methods and has a low minimum trade of just $1.
Crypto Coins
- BTC
- ETH
- DSH
- BCH
- LINK
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ForexChief is a foreign exchange and CFD broker, established in 2014. The company is based offshore and registered with the VFSC and FMA. Users can choose between a wide selection of accounts and base currencies, making ForexChief accessible to global traders. The brand also stands out for its no deposit bonus and fee rebates for high-volume traders.
Crypto Coins
- BTC
- BCH
- ETH
- LTC
- XRP
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Pacific Union Prime is an FSCA and offshore-regulated multi-asset broker offering competitive fees and direct market access on forex, commodities, stocks, bonds and indices. The broker supports the popular MetaTrader 4 and MetaTrader 5 platforms and a proprietary mobile app. Fees vary by account type with no commission and spreads from 1.9 pips on the Standard account and $7 commission per lot and spreads from 0.4 pips on the Prime account.
Crypto Coins
- BTC
- BCH
- ETH
- LTC
- EOS
- XLM
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Nexo is a crypto trading platform that also acts as a gateway to DeFi crypto functions such as staking, borrowing and lending. The platform supports 60+ crypto tokens, which can be purchased with a fiat on-ramp and traded in 500+ market pairs. The exchange operates a zero-fee policy allowing a set number of completely free withdrawals per month and fee-free trading.
Crypto Coins
- BTC
- ETH
- NEXO
- USDT
- USDC
- AXS
- RUNE
- MATIC
- DOT
- APE
- AVAX
- KSM
- ATOM
- FTM
- NEAR
- BNB
- ADA
- SOL
- XRP
- LTC
- LINK
- BCH
- TRX
- XLM
- EOS
- PAXG
- UNI
- DOGE
- MANA
- SAND
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SuperForex is an offshore CFD and forex broker that offers highly leveraged trades on a wide selection of forex pairs plus commodities, indices, cryptos and stocks using the popular MetaTrader 4 platform. With a range of account types, including swap-free, micro and zero spread, this broker will suit traders with different styles and setups. SuperForex is also based in Europe and offers welcome bonuses and trading contests.
Crypto Coins
- BTC
- ETH
- LTC
- ZEC
- DASH
- BCH
- XMR
- NEO
- EOS
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Pionex is a crypto trading platform that specializes in trading robots, offering a variety of ready made bots and strategies to traders as well as integrated AI to help customize a strategy or come up with your own. These can be used on spot crypto markets as well as crypto futures.
Crypto Coins
- BTC
- LTC
- ETH
- BUSD
- EOS
- BTT
- TRX
- NFT
- DOGE
- XRP
- HT
- ALICE
- FIL
- DOT
- JST
- AXS
- UNI
- AAVE
- WIN
- SUN
- CAKE
- LINK
- BAKE
- BCH
- ETC
- SNX
- TFUEL
- ADA
- PUNDIX
- ICP
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AdroFX is an online forex and CFD broker with a beginner-friendly copy trading platform, zero commissions and tight spreads. The mix of fiat and crypto deposit options will appeal to global traders while the choice of 8 accounts will suit different trading strategies and styles. Traders also benefit from 11.07 millisecond execution times with minimal slippage.
Crypto Coins
- BTC
- ETH
- LTC
- XRP
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SageFX is an offshore, unregulated CFD broker that offers highly leveraged trading on forex, stocks, commodities, indices and crypto via the TradeLocker platform. Traders can access commission-free trading or an ECN account with tight spreads. While the broker's regulatory status is weak, it does provide segregated accounts and two-factor authentication.
Crypto Coins
- BTC
- XRP
- LTC
- DASH
- ETH
- EOS
- NEO
- TRX
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Bitfinex is a crypto trading firm with a powerful proprietary platform and a good range of digital assets. With 180+ cryptocurrencies and 430+ market pairs traded via spot or perpetual swap derivatives, this is a flexible exchange with plenty of opportunities for serious crypto traders. Bitfinex also offers decent leverage up to 1:10.
Crypto Coins
- BTC
- ETH
- USDT
- LTC
- XRP
- DOGE
- ETC
- EOS
- LINK
- BCHN
- DOT
- DASH
- IOTA
- SUSHI
- NEO
- ZEC
- UNI
- ADA
- OMG
- MDOGE
- BSV
- TRX
- XTZ
- SOL
- XLM
- YFI
- USDC
- ZRX
- FIL
- VET
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Interactive Brokers is a leading global brokerage that provides access to a comprehensive offering of stocks as well as forex, futures, metals, bonds and cryptos. The firm has over 40 years experience in the online trading industry and is heavily regulated by SEC, FCA, IIROC, and SFC. Traders use the proprietary Trader Workstation and can access powerful tools and data feeds as well as comprehensive educational resources.
Crypto Coins
- BTC
- LTC
- ETH
- XRP
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Gemini is a crypto exchange offering 90+ cryptocurrencies, a native stablecoin and derivative trading via perpetual swaps. The two proprietary platforms will suit beginners and experienced traders, execution is fast with low slippage and fees are competitive.
Crypto Coins
- BTC
- ETH
- XRP
- ADA
- DOGE
- DOT
- BCH
- LTC
- UNI
- LINK
- FIL
- XLM
- WBTC
- EOS
- SOL
- AAV
- XTZ
- ATOM
- MKR
- DAI
- COMP
- ZEC
- ENJ
- GRT
- SNX
- BAT
- MANA
- YFI
- UMA
- ZRX
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Kraken is a leading cryptocurrency exchange with a proprietary trading terminal and a list of 220+ tradeable crypto tokens. Up to 1:5 leverage is available with stable rollover fees on spot crypto trading and up to 1:50 on futures. The exchange also supports crypto staking and has an interactive NFT marketplace.
Crypto Coins
- AAVE
- ALGO
- ANT
- REP
- REPV2
- BAT
- BAL
- XBT
- BCH
- ADA
- LINK
- COMP
- ATOM
- CRV
- DAI
- DASH
- MANA
- XDG
- EWT
- EOS
- ETH
- ETC
- FIL
- FLOW
- GNO
- ICX
- KAVA
- KEEP
- KSM
- KNC
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M4Markets is an award-winning broker regulated by the CySEC, FSA and DFSA. Clients can speculate on popular financial markets with ultra-tight spreads from 0.0 pips and very high leverage up to 1:5000. There are no hidden fees and funds are held in segregated accounts alongside negative balance protection.
Crypto Coins
- BTC
- ETH
- LTC
- XRP
- DOGE
- DASH
- XMR
- OMG
- NEO
- QTUM
- ZEC
- DOT
- SOL
- ETX
- AXS
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MultiBank FX is an established broker offering forex and CFD products since 2005. With 20,000+ instruments, plenty of local payment methods and 24/7 multilingual customer support, the broker is a popular choice among traders globally. New clients can also access a variety of bonus offers and access the hugely popular MT4 and MT5 trading platforms.
Crypto Coins
- BTC
- LTC
- ETH
- XRP
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Global Prime is a multi-regulated trading broker offering 150+ markets. Traders can get started with a $200 minimum deposit and trade with leverage up to 1:100. The firm also has a high trust score and a good reputation with a license from the ASIC.
Crypto Coins
- BTC
- BCH
- LTC
- ETH
- XRP
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Trade Nation is a top FX and CFD broker regulated in multiple jurisdictions including the UK and Australia. The firm offers low-cost fixed and variable spreads on 1000+ assets with robust trading platforms and training materials. The Signal Centre can also be used for trade ideas.
Crypto Coins
- BTC
- ETH
- LTC
-
Trade.com is a trustworthy online broker with a global presence. The broker offers 2,100+ CFDs in major markets, as well as futures, options and more. The broker offers best-in-class platforms and superior analysis tools for experienced traders. The broker is also regulated by top-tier authorities including the FCA and CySEC.
Crypto Coins
- BTC
- BCH
- DSH
- ETH
- LTC
- XRP
- DOT
- EOS
- LINK
- XLM
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Videforex offers access to stock, index, crypto, forex and commodities markets via binary options and CFDs. The proprietary platform, mobile app and integrated copy trading are user-friendly and will suit new and casual traders, and the market analysis tools and trading contests provide good ways to improve your trading skills.
Crypto Coins
- BTC
- ETH
- QUANT
- UNI
- SOL
- BNB
- DOGE
- XRP
- XMR
- MATIC
- USDT
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4xCube is an online forex and CFD broker registered and licensed in the Cook Islands. Clients can trade on popular financial markets and choose between three accounts based on their capital and trading strategy.
Crypto Coins
- BTC
- LTC
- XRP
- ETH
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ActivTrades is a UK-headquartered CFD and forex broker established in 2001. The brokerage is heavily regulated with licenses from the FCA, SCB, CSSF, BACEN & CVM and CMVM. Over 1000 CFDs are available spanning 7 asset classes. Over 93.60% of orders are executed at the requested price. ActivTraders also offers a selection of leading trading platforms, including MT4, MT5, TradingView and ActivTrader platforms.
Crypto Coins
- BTC
- ETH
- LTC
- BCH
- DOT
- EOS
- LINK
- XLM
- NEO
- ADA
- SOL
- XRP
- BNB
- XMR
- AVAX
- DOGE
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BlackBull is a New Zealand-based CFD broker with trading opportunities on forex, stocks, indices, commodities and cryptos. The broker supports the MetaTrader 4 and 5 platforms as well as TradingView and a proprietary mobile app. Clients can trade with high leverage and tight spreads from 0 pips on the broker's ECN accounts.
Crypto Coins
- BTC
- ETH
- BCH
- LTC
- XRP
- DOGE
- ADA
- DOT
- LINK
- EOS
- XLM
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StormGain is a comprehensive crypto platform that allows clients to trade digital currencies via an exchange, store them in a wallet, mine new tokens and access DeFi capabilities such as staking. Trading takes place through proprietary software, and clients can access trading signals and a suite of educational software. The platform also supports trading on 'tokenized assets' – smart contracts based on gold and silver price movements – and crypto options.
Crypto Coins
- BTC
- BCH
- LTC
- ETH
- XRP
- USDT
- DOGE
- ADA
- XLM
- LNK
- ZTZ
- VET
- EGLD
- BNB
- AAVE
- CHZ
- CAKE
- ENJ
- UNI
- DOT
- ZEC
- EOS
- NEO
- IOT
- TRX
- XMR
- DASH
- BSV
- SHIB
- ICP
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RoboForex is a global broker launched in 2009. The firm offers more than 12,000 instruments spanning 9 asset classes with trades from 0.01 lots and spreads from 0 pips. The broker's advanced copy trading tool is also home to thousands of active traders.
Crypto Coins
- No
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SimpleFX is an offshore forex, CFD and cryptocurrency broker with over 200,000 clients globally. The broker offers a proprietary trading solution, as well as the reputable MT4 platform. Traders can access a vast selection of digital assets with crypto deposits and multi currency accounts.
Crypto Coins
- BTC
- BHC
- LTC
- ETH
- ETC
- XRP
- LNK
- WAV
- XTZ
- YFI
- ADA
- DOT
- EOS
- NEO
- BNB
- XMR
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EagleFX is a forex and CFD broker, established in 2019. The broker uses STP execution on the MT4 platform, offering tight spreads and low commissions. With leverage up to 1:500 and no restrictions on hedging or scalping, EagleFX is an attractive option for global traders.
Crypto Coins
- BCH
- BTC
- DASH
- EOS
- BIT
- ETP
- LTC
- BTC
- OMG
- ZEC
- USDT
- BCH
- ETP
- QTUM
- XMR
- DOT
- ETC
- IOS
- NEO
- SAN
- ZRX
- EDO
- ETH
- IOT
- NEO
- SAN
- XRP
- BTG
- EDO
- ETH
-
FXPrimus is an award-winning CySEC-regulated brokerage offering CFD trading on 200+ instruments via the MetaTrader 4, MetaTrader 5 and cTrader platforms. The choice between a competitive commission-free account and two affordable raw spread options make this an accessible broker for anyone seeking forex, stocks, indices and commodities with high leverage.
Crypto Coins
- BTC
- DSH
- ETH
- LTC
-
FXTrading.com is global broker offering highly leveraged CFDs on 10,000+ assets, including forex, stocks, indices, commodities and cryptocurrencies. Competitive prices with raw spreads and low to zero commissions are available. Traders can use the popular MetaTrader 4 platform and will have access to a suite of additional analytical tools and other resources. The multi-regulated brokerage is authorized by the ASIC and VFSC.
Crypto Coins
- BTC
- ETH
- XRP
- ADA
- BCH
- BNB
- DOG
- DOT
- EOS
- LTC
- XLM
-
FXChoice is a Belize-based broker established in 2010 and registered with the Financial Services Commission (FSC). The brand offers a wide selection of markets including crypto, plus the familiar MT4 and MT5 platforms. FXChoice stands out for its extra tools and perks, from LearnFx EAs to a VPS and Myfxbook's AutoTrade. New users can also claim a welcome bonus upon sign-up.
Crypto Coins
- BTC
- LTC
- ETH
-
EZ Invest is a CySEC-licensed broker, launched in 2008, that offers trading on popular financial markets through leveraged CFDs. Traders can choose between multiple respected platforms, including MetaTrader software and a user-friendly in-house app. The reliable multilingual customer support team are also on-hand to support new users.
Crypto Coins
- BTC
- ETH
- LTC
- XRP
- XMR
- DASH
-
FP Markets is an ASIC- and CySEC-regulated broker that offers forex and CFD trading on a broad range of assets through the MT4, MT5 and IRESS platforms. With trading available through standard and raw spread accounts on thousands of international stocks, forex, indices, commodities, cryptocurrencies, bonds and ETFs, this broker has some of the most comprehensive market coverage available. FP Markets also offers a full range of additional features, including educational resources and access to powerful software such as Autochartist.
Crypto Coins
- ADA
- BCH
- BTC
- DOG
- DOT
- EOS
- ETH
- LNK
- LTX
- XRP
- SOL
- XLM
-
Admirals is an FCA- and ASIC-regulated broker with an excellent range of leveraged instruments, including forex, stocks, indices, ETFs, commodities, cryptos and more. The broker supports the MetaTrader 4, MetaTrader 5 and TradingCentral platforms. With both spread betting and CFDs available and thousands of instruments, this broker provides more flexibility than most rivals.
Crypto Coins
- BTC
- BCH
- DSH
- EOS
- ETC
- ETH
- LTC
- XLM
- XMR
- XRP
- ZEC
-
Libertex is a well-known broker, established in 2012. The regulated brand has served numerous clients and is regulated by the Cyprus Securities and Exchange Commission with license number 164/12. Libertex offers CFD trading on 250+ underlying assets, including through an innovative and user-friendly proprietary web trader platform. Choose between CFDs on forex, cryptocurrencies, commodities, stocks, indices and ETFs, which are available with tight spreads and low commissions.
Crypto Coins
- AAVE
- ADA
- ALGO
- APE
- APT
- ARB
- ATM
- AVA
- AXS
- BCH
- BNB
- BTC
- CAKE
- CHZ
- COMP
- DASH
- DOGE
- EGLD
- ENJ
- EOS
- ETC
- ETH
- FIL
- FLOW
- FTM
- GMT
- ICP
- IOT
- LNK
- LTC
-
FXOpen is a multi-asset broker with regulation from several trustworthy bodies including the UK's FCA. The broker offers CFD trading on forex, stocks, commodities, indices, cryptocurrencies and ETFs via the MetaTrader 4 & 5 and TradingView platforms.
Crypto Coins
- BTC
- BCH
- ETH
- LTC
- ETC
- EOS
- DSH
- XRP
- IOT
- XMR
- NEO
-
Hantec Markets is a UK-based multi-regulated broker offering CFDs on a range of forex pairs, stocks and indices as well as cryptocurrencies, commodities and bullion. With support for MetaTrader 4 and ZuluTrade, this broker provides good market access for traders of all experience levels, with competitive spreads from 0.2 pips.
Crypto Coins
- BTC
- BCH
- XRP
- LTC
- ETH
-
Dukascopy is an online broker operated by a Swiss-regulated banking group. It offers a good selection of 500+ markets, with forex, stocks, gold, ETFs, indices, bonds and cryptocurrencies available. It also offers flexible trading opportunities through the choice of CFDs or binary options. Traders will use MetaTrader 4 or a proprietary platform that is well-suited to automated trading.
Crypto Coins
- BTC
- ETH
- LTC
- BCH
- XLM
- DSH
- EOS
- TRX
- ADA
- UNI
- LNK
- MAT
- AVE
- MKR
- CMP
- ENJ
- YFI
- BAT
-
NinjaTrader is a US-headquartered and regulated brokerage that specializes in futures trading. There are three pricing plans to suit different needs and budgets, as well as ultra-low margins on popular contracts. The brand's award-winning charting software and trading platform also offers a high-degree of customization and superb technical analysis features.
Crypto Coins
- BTC
-
GO Markets is an established forex and CFD broker with multiple industry awards and accolades. The ECN/STP broker is popular with budding traders, offering competitive accounts in multiple base currencies and a range of flexible payment methods. With top-tier regulation from CySEC and ASIC, GO Markets is a trusted broker.
Crypto Coins
- BTC
- ETH
- LTC
- XRP
- BCH
-
Saxo is a multi-award-winning trading brokerage, investment firm and regulated bank. With a huge 72,000+ trading instruments, plus investment products and managed portfolios, clients have no shortage of opportunities. The trusted brand also offers transparent pricing and top-tier regulatory protection from 10+ agencies including FINMA, FCA & ASIC.
Crypto Coins
- BTC
- ETH
- LTC
- XRP
- XTZ
- SOL
- ADA
- DOT
-
easyMarkets is a multi-regulated forex broker offering leveraged trading opportunities on forex, stocks, indices, commodities and crypto. With fixed spreads, an affordable initial deposit, regulation from several reputable bodies and a diverse selection of account currencies, this broker provides simple and straightforward trading solutions to a diverse range of traders.
Crypto Coins
- BTC
- XRP
- ETH
- LTC
- BCH
- XLM
- ADA
- ALG
- SOL
- UNI
- DOT
- LNK
- ZEC
- OMG
- MTC
- DSH
- DOG
- CHZ
- AVA
-
BinaryCent is an unregulated binary options broker that offers 24/7 trading on forex, cryptos and stocks with payouts up to 95%. Despite its lack of regulation, this broker takes client security seriously and stores client funds in European banks. The broker also offers CFDs with very high leverage up to 1:500.
Crypto Coins
- ZEC
- XRP
- XMR
- SAN
- OMG
- LTC
- BTC
- IOT
- ETH
- ETC
- EOS
- DSH
-
eToro is a top-rated multi-asset platform which offers both investing in stocks and cryptoassets. Launched in 2007, the brand has millions of active traders globally and is authorized by tier one regulators, including the FCA and CySEC. Cryptoasset investing is highly volatile and unregulated in the UK and some EU countries. No consumer protection. Tax on profits may apply. 76% of retail CFD accounts lose money.
Crypto Coins
- BTC
- ETH
- BCH
- XRP
- DASH
- LTC
- ETC
- ADA
- MIOTA
- XLM
- EOS
- NEO
- ZEC
- BNB
- VET
-
Spreadex is an FCA-regulated broker that offers spread betting opportunities on an impressive 10,000+ instruments including 60 forex pairs as well as shares, indices, bonds, interest rates, ETFs, commodities and cryptocurrencies. Traders can also speculate on financial markets with CFDs and options, and take positions on sporting events. The brand has been around for over 20 years and won multiple awards.
Crypto Coins
- BCH
- BTC
- ETH
- LTC
- XRP
-
RaceOption is a binary options broker operating from the Marshall Islands. With over 1,500 clients, the broker aims to offer fast funding, low fees and a secure trading environment. Traders can access over 100 binary options and CFDs, plus copy trading and weekly prizes.
Crypto Coins
- BTC
-
Pepperstone is a leading online broker with over 400,000 clients in more than 175 countries. The top-rated brokerage offers excellent market access, industry-leading platforms in MT4, MT5, TradingView and cTrader, plus low fees with no hidden charges. Pepperstone is also heavily regulated with a high trust score, holding licenses with reputable bodies, including the FCA, ASIC, DFSA, and CySEC.
Crypto Coins
- BCH
- BTC
- ETH
- LTC
- DASH
- ADA
- LINK
- DOGE
- EOS
- DOT
- XRP
- XLM
- XTZ
- UNI
- BNB
-
Coinbase is a leading cryptocurrency exchange that provides access to 18,000+ crypto assets that can be traded on the marketplace, stored in a wallet or borrowed via the brand's DeFi function. The US-based firm has over 10 million clients and offers educational support to individual traders and tailor-made derivative products for businesses.
Crypto Coins
- BCH
- BTC
- ETH
- LTC
- XRP
- IOTA
- NEO
- EOS
- XMR
- FIL
- WBTC
- SHIB
- BNB
-
Fusion Markets is an Australian headquartered and regulated broker that offers low-cost forex and CFD trading. Copy trading, 1:500 leverage plus multiple account types are also available, catering to traders of different experience levels and budgets. New clients can sign up and start trading in three straightforward steps.
Crypto Coins
- BTC
- BCH
- ADA
- ETH
- LTC
- EOS
- XLM
- DOT
- LNK
- AVAX
- SOL
- MATIC
- DOGE
- BNB
-
Focus Option is an offshore broker that specializes in binary options as well as CFDs. Binary options trading on forex, cryptos and three commodities is done through the broker's simple web-based platform with average payouts between 70% and 95%. The broker also offers a mobile app for trading CFDs, with 300+ tradeable instruments.
Crypto Coins
- BTC
- ETH
- XRP
- USDT
- BTC
- LTC
- ADA
- AAVE
- ATOM
- DOGE
- KSM
- CRO
- THETA
- LINK
- YFI
- YCC
- MATIC
- RUNE
- SOL
- MANA
- MIOTA
- XMONEY
- XMR
- SUSHI
- BAT
-
Axi is a global forex and CFD trading firm, trusted by investors around the world. Highly leveraged trading opportunities plus a $0 minimum deposit make it a popular broker with beginners and seasoned traders. Axi also stands out for its resources, including copy trading and Myfxbook.
Crypto Coins
- BCH
- BNB
- BTC
- LTC
- OMG
- FTT
- BTC
- BCH
- DOG
- LTC
- XLM
- AAVE
- COMP
- LRC
- MKR
- SUSHI
- UNI
- BAT
- CRV
- ENJ
- LNK
- MANA
- MATIC
- SAND
- XRP
- LNK
- XRP
- KSM
- AVAX
- ETH
-
LegacyFX is a multi-asset broker offering an MT5 download & free signals.
Crypto Coins
- BTC
- LTC
- ETH
- XRP
- SOL
- BNB
-
FXCC is a trustworthy trading broker regulated by the CySEC. The brokerage offers ECN trading executions, spreads from zero pips and no commissions. The brand is also well-known for its welcome bonuses and trading deals, including a free VPS.
Crypto Coins
- BTC
- BCH
- ETH
- LTC
- XMR
- ZEC
- DAS
- XRP
-
FxPro is an award-winning forex, CFD and spread betting broker with over 2 million clients worldwide. The broker is regulated in 4 jurisdictions and offers 24/5 customer support, earning it a high trust and safety score. FxPro has also picked up more than 100 industry accolades for its competitive trading conditions, including fast execution and deep liquidity.
Crypto Coins
- BAT
- BCH
- BTC
- DOG
- DOT
- DSH
- EOS
- ETC
- ETH
- IOT
- LNK
- LTC
- NEO
- XLM
- XMR
- XRP
- ZEC
-
Binance is one of the best-known crypto exchanges. The company is available in more than 180 countries with over 120 million registered customers. The platform offers a suite of crypto trading products, from staking and NFTs to derivatives.
Crypto Coins
- DOGE
- VET
- USDT
- BTC
- BNB
- ETH
- VTHO
- ADA
- ONE
- SOL
- NEO
- LINK
- XLM
- NANO
- LTC
- BUSD
- HBAR
- ALGO
- MANA
- ZIL
- ENJ
- BCH
- MATIC
- EGLD
- HNT
- EOS
- QTUM
- RVN
- DAI
- IOTA
What Is A Stablecoin?
Stablecoins are digital currencies pegged to assets with low levels of volatility, such as fiat money like GBP, commodities like gold, or other cryptos like Ripple (XRP). They are essentially a hybrid coin that balances the benefits of cryptos, such as secure money transfer and blockchain technology, with the price stability associated with precious metals, for example.
How Do Stablecoins Work?
There are several types of stablecoins, those pegged to established assets and those that aren’t, known as seigniorage-style. Stablecoins pegged to an asset like gold and are subject to the same price movements, market risks, and regulatory requirements. The purpose of a seigniorage-style mechanism is to use algorithms to control the supply of a coin much like the World Bank printing and destroying money.
Currency-Backed Stablecoins
Fiat-backed stablecoins are tied to a currency, such as the GBP. A third party will hold a reserve of the currency and peg it to crypto, with the stability and value aligned to the cost of maintaining the currency reserve, including any legal requirements such as compliance audits. Stablecoins can be pegged to one currency or multiple, with the US Dollar, Euro, Yen and Yuan the most common. The ratio of the stablecoin vs traditional currency is fixed and reflects the market supply of the crypto.
Currency-backed stablecoins are the most popular type with leading assets including Tether (USDT), USD Coin (USDC), and Gemini Dollar (GUSD). But whilst USDT is the largest by market share, the Bitfinex exchange who facilitated trading in the asset came under public scrutiny after being unable to provide audits for their reserves.
Commodity-Backed Stablecoins
Commodity-backed stablecoins are tied to physical assets such as energy and precious metals, with gold the most frequently used. Because a digital currency is pegged to the value of the commodity, its price may fall if demand for silver drops, for example. Stablecoins are redeemable at the conversion rate to take possession of the asset and can be pegged to more than one commodity.
Crypto-Backed Stablecoins
Crypto-backed stablecoins use smart contracts via blockchain technology while currency-backed stablecoins are validated off the blockchain. Since cryptocurrencies have a history of volatility, if there is a sudden price crash the smart contract may be liquidated. As a result, it’s worth paying off the debt on the smart contract in the event the value of the crypto drops.
There are limited regulations or monetary policy requirements to adhere to with cryptocurrency-backed stablecoins which are often stored on decentralised exchange indexes. Organisations typically over-collateralise and store more of the pegged digital currency to protect against market fluctuations. However, this can be easier to audit as a company’s collateral balance can be checked on the blockchain.
Seigniorage-Style
Non-backed stablecoins do not use a reserve but operate like central banks by increasing or decreasing the supply of a coin to maintain price stability. This is achieved by using algorithms and smart contracts which manage the supply ratio. If the price of the stablecoin surpasses the value of the fiat currency it tracks; more tradable coins will be released driving down the price. The opposite will take place should the price of the stablecoin fall.
Best Stablecoins In 2023
Topping the list of the best 5 stablecoins in 2023 is:
- Tether (USDT) – The best-known stablecoin is pegged to gold, fiat currency and cash equivalents
- True USD (TUSD) – The leading coin is backed by the US Dollar and is among the most liquid options on the market. The company behind the asset, TrustToken, also offers TrueGBP, which is pegged to the Pound Sterling
- Paxos Standard (PAX) – The stablecoin seeks 1:1 parity with the US Dollar
- USD Coin (USDC) – Backed by crypto heavyweight Coinbase, the world’s largest Bitcoin broker has released its own popular stablecoin
- Binance USD (BUSD) – Another of the top 10 crypto exchanges, Binance’s stablecoin is pegged to the US Dollar at a 1:1 ratio
How To Start Trading Stablecoins
Choose An Exchange
Stablecoins are available to trade on key cryptocurrency exchanges, with examples including Coinbase, Binance, Exodus, Kraken and, Crypto.com. Each exchange provides a list of tradable coins and any fees for UK traders. We recommend opting for a provider with good user reviews and a decent range of assets compared with rankings.
Open An Account
Once traders have decided on an exchange they will need to open a live trading account. Some crypto exchanges permit signing up without KYC documentation, however, most will need identity documents to be approved, including Coinbase. This helps to reduce the risks posed by fraud and money laundering.
Deposit Funds
Before you can start buying and selling stablecoins, you will need to deposit funds. This can usually be done via traditional depositing methods such as Mastercard or e-money transfers. Traders can protect their Stablecoin portfolio by investing in a hardware wallet such as those seen on the XRP Ledger, though it’s worth doing your own comparison of providers before investing. Crypto wallets help protect a user’s private keys (transaction data codes) from hackers.
Research
Stablecoins are becoming an increasingly popular investment vehicle leading to a growth in the volume of information available online. Popular research articles include ‘Stablecoins: A Brave New World’, ‘Stablecoins: The Quest for a Low- Volatility Cryptocurrency’, and ‘Stablecoins: Use Cases and, Stablecoins for Dummies.’ Prospective investors can also make use of online lists that publish data on popular assets, including CoinMarketCap.
Pros Of Stablecoins
Reasons to start buying and selling stablecoins include:
- Crypto technology – Retains the secure nature of cryptocurrencies by executing transactions on the blockchain
- Online information – Traders can educate themselves with the wealth of free online articles and reports
- Hybrid asset class – A medium of exchange that bridges the gap between fiat currency and altcoins
- Earn interest – Interest rates on stablecoins are typically greater than high-yield savings accounts
- Less volatile – Stablecoins offer a safer alternative to day trading erratic cryptos like Bitcoin
Cons Of Stablecoins
There are also some drawbacks to buying, lending and selling stablecoins:
- Unclear tax policies – Charges and taxes may apply when trading stablecoins
- Complex setup – The novel nature and differences of this emerging crypto class may deter investors new to altcoins
- Centralisation – The central influence of fiat or commodity-backed stablecoins arguably contradicts the decentralised nature of cryptocurrencies
- Profit potential – The stable nature of these coins means reduced price swings and trading volumes which may limit the profit a day trader could generate, for example. Instead, investing in stablecoins is likely a longer-term game
- Transparency – As highlighted by the Tether lawsuit, some companies issuing and selling stablecoins may be untrustworthy. This lack of transparency can affect the value of coins and impact investor confidence
- Global market regulation – The world, including the UK, is still grappling to introduce rules and regulations to monitor the use of cryptocurrencies. Aside from differing rules, it’s difficult to predict what the future holds for cryptos and stablecoin stock which makes it challenging to forecast their future value. Keep an eye on news announcements from the likes of Rishi Sunak, Chancellor of the Exchequer, who has been involved in potential crypto risks and regulations.
Final Word On Stablecoins
Despite some challenges, trading stablecoins is on the rise. They are emerging as a prominent class of cryptocurrencies that aim to bring stability to a hugely volatile marketplace while retaining the flexibility and underlying technology behind altcoins. Several exchanges offer the best stablecoins in 2023, with Coinbase topping our list of recommended brokers.
FAQ
How Do Stablecoins Work?
A stablecoin is a crypto whose market value is tied to an external asset. These assets can be a currency (fiat), commodity (gold), or another digital currency (Bitcoin). The most common stablecoins are USD-backed coins. A reserve of the asset is held by the issuing company.
Are Stablecoins Safe?
Stablecoins retain the same level of security as other cryptos by using blockchain technology but are more stable because they’re tied to a robust reserve asset like gold. The reserve is held by a third party meaning some stablecoins retain an element of decentralisation.
Are Stablecoins Taxable?
The tax treatment of stablecoins and cryptos varies from country to country. In the UK, for example, gains from crypto trading are usually subject to capital gains tax. It could be worth seeking professional tax guidance before you start buying and staking stablecoins.
Are Stablecoins Decentralized?
It is debatable as to what extent stablecoins are decentralized. It can be argued that because the digital currencies are pegged to assets controlled by central banks and governments, such as fiat currency, they are not decentralised. With that said, they can still sit on a decentralised blockchain ledger. As a result, it’s more accurate to say they retain some decentralised qualities but are less so than pure cryptos like Bitcoin (BTC), Stellar (XLM), or Ethereum (ETH).