Looking for the top Ethereum trading broker? Based on our hands-on analysis, we’ve identified 7 best options tailored to various trading needs. Practical tips from our experts are included.
*Leverage up to 1:20 on crypto (availability subject to regulation) for professional accounts; however, there is a risk with the higher leverage. Also, Professional Accounts lose their ICF Rights.
**82% of retail CFD accounts lose money.
To choose the best Ethereum trading forex brokers, we used the FX Empire’s 250-point rating system to identify the leaders in each category. We focused on the following key features:
Our team of experts has identified each broker’s strengths and weaknesses using FX Empire’s comprehensive methodology. I subsequently used my 16 years of forex trading experience to examine and analyze all our findings, resulting in the selection of the best Ethereum trading forex brokers across various categories. You can read more about it and how we conduct our tests here.
Now, let’s explore the selected brokers.
Founded in 2005, FP Markets offers trading in forex pairs, commodities, stocks, indices, ETFs, and cryptocurrencies. The broker is regulated by CySEC, ASIC, and FSCA. FP Markets also has an unregulated entity, which is registered in St. Vincent & the Grenadines.
Ethereum Trading Features:
FP Markets provides access to 12 cryptocurrencies, including ETH. Cryptocurrency trading is available on MetaTrader and cTrader platforms. The broker offers multiple crypto deposit and withdrawal methods, which include various cryptocurrencies from different crypto payment service providers.
FP Markets’ clients who choose the MetaTrader platforms gain access to the FP Markets Traders Toolbox, a suite of 12 essential trading tools. These tools include Correlation Matrix, Correlation Trader, Sentiment Trader, and Alarm Manager. In my opinion, correlation tools are especially useful as they provide traders with additional insights into the correlation between assets, which may not be obvious when looking at charts. Alerts and notifications, which can be set via the Alarm Manager, are time-savers, as they free traders from the need to monitor charts all day. These are the tools I always employ in my trading.
Founded in 2007, IC Markets has built a name for itself in the trading world, offering a broad spectrum of opportunities from forex and commodities to stocks, indices, and cryptocurrencies. The broker is regulated by ASIC, CySEC, and FSA Seychelles.
Ethereum Trading Features:
IC Markets’ clients can choose between MetaTrader 4, MetaTrader 5, and cTrader. The broker provides research from the in-house team, as well as popular third-party tools like Trading Central and Autochartist. In my personal opinion, the sentiment tools within the Trading Central suite are particularly helpful.
My research showed that IC Markets offers competitive spreads for various instruments and does not charge inactivity or withdrawal fees. The broker offers an extensive range of withdrawal and deposit options, although cryptocurrency options are not available for these transactions.
IC Markets’ clients have access to 23 cryptocurrencies for trading, including popular ones like Bitcoin and Ethereum, as well as more exotic options such as NameCoin and Tezos.
Founded in 2014, BlackBull Markets is a forex and CFD broker headquartered in New Zealand. It offers 28 cryptocurrency pairs at low-to-average spreads compared to the industry average. BlackBull Markets does not impose a handling fee on deposits via Ethereum and only a $5 fee on withdrawals.
Ethereum Trading Features:
I conducted my testing on a Standard account, which features commission-free trading and floating spreads from 0.8 pips. It has no minimum deposit requirement, making it quite accessible. I also found the combination of a 70% margin call and 50% stop-out especially suitable for trading highly volatile instruments, such as cryptocurrencies.
BlackBull Markets offers a variety of trading platforms and tools, including free VPS hosting and DMA trading. I deem TradingView the best option for retail traders due to its fluid and high-definition charts, featuring more than 150 technical indicators, drawing tools, and chart configurations. Additionally, crypto traders can obtain top-of-the-line market research from Myfxbook and learn about the latest changes in market sentiment.
Founded in 2006, AvaTrade provides access to stocks, ETFs, forex pairs, options, indices, commodities, cryptocurrencies, and bonds. The broker has multiple regulations, including CySEC, ASIC, and FSA Japan.
Ethereum Trading Features:
AvaTrade provides access to MetaTrader 4, MetaTrader 5, Web Trader, and the AvaTradeGo mobile app, accommodating various trading styles and preferences. Additionally, the broker offers popular Trading Central research tools and a selection of over 1,250 tradable instruments across diverse asset classes.
My tests indicated that AvaTrade’s spreads for ETH are below the industry average, ranking as the lowest in our list at 3.76. AvaTrade caters to both beginner and advanced traders with a variety of account types tailored to different needs. Broker’s clients have the flexibility to choose between CFD, Spread Betting (available in the UK only), Professional, Options, and Islamic Account options.
One noteworthy feature is AvaProtect — a risk management tool available on AvaTrade’s proprietary platforms. This unique tool enables clients to safeguard a specific trade against losses of up to one million dollars over a chosen timeframe. The modest hedging cost, payable at the time of purchase, adds a layer of security and control, making it a valuable asset for traders aiming to minimize risks.
Founded in 2008, Plus 500 offers trading in forex pairs, commodities, stocks, indices, cryptocurrencies, and ETFs. The broker is regulated by multiple top regulators, including CySEC, FCA, and ASIC.
Ethereum Trading Features*:
**Professional accounts can access leverage up to 1:20 (subject to regulation), though higher leverage carries increased risk. Additionally, professional accounts lose their ICF rights.
Plus 500 has developed a proprietary WebTrader platform, which strikes a balance between user-friendliness and robust charting tools. In my view, the modern design offers a clear layout while simultaneously providing sufficient options to satisfy professional traders.
The broker provides access to 2,800+ tradable instruments, including hundreds of stocks and ETFs. Pro-level traders can use a professional account to gain access to a maximum leverage of 1:300 if they meet certain criteria.
Plus500 clients have access to +Insights Analytics Tool, which provides data on what Plus500 clients are buying and selling. Sentiment analysis is extremely important in modern trading, and the tool is especially useful given the broker’s large client base with 400,000+ clients across 50 countries.
*Availability subject to regulation.
Founded in 2007, eToro offers trading in forex pairs, commodities, stocks, indices, ETFs, and cryptocurrencies. The broker is regulated by multiple top-tier regulators, including CySEC, ASIC, FCA, and FINRA.
Ethereum Trading Features:
eToro has developed one of the most user-friendly proprietary web trading platforms and mobile apps. The design is minimalistic and easy to use – an essential feature for beginner traders. eToro’s educational offering includes courses, guides, videos, webinars, and podcasts.
The broker’s eToro Academy is truly impressive, containing the information needed for beginners to take their first steps in the markets. The crypto markets are also covered within the eToro Academy. It’s worth noting that eToro provides a copy trading offering, which is particularly beneficial for beginners as it allows them to observe how pro-level traders make decisions.
Traders should note that eToro clients’ ability to buy real crypto assets may depend on their residence. Short trades and leveraged crypto trading with eToro involve CFDs. With access to 41 different cryptocurrencies, traders have an extensive range of options to choose from when making their trades.
Founded in 2008, Plus500 is listed on the London Stock Exchange and regulated worldwide. In 2022, they launched the Plus500 Futures Trading App for US residents. A diverse range of futures markets is available, including Mirco Ether contracts, with competitive commissions and zero platform and routing fees.
Ethereum Trading Features:
The Plus500 Futures Trading App is a breeze to use. It offers free real-time market data and charts, along with a wide array of technical analysis indicators suited for both beginners and advanced traders. The app provides access to various futures market contracts, including forex, equity indices, agriculture, energy, commodities, and crypto futures.
Notably, the Micro Ether futures contract features a low day margin of just $20, while the Micro Bitcoin futures contracts have a day margin of $100. The micro contract commissions are competitive, starting from $0.49 per contract, with no additional charges for routing, platform use, inactivity, depository services, or withdrawals.
I was also impressed with the Plus500 Futures Trading Academy. It offers numerous articles and videos that help in understanding how the futures market works and how to use futures trading strategies. The content is valuable for traders at all levels, from beginners to advanced.
Use our guide to choose the best Ethereum trading forex broker according to your trading goals.
The process of choosing a broker begins with learning where your potential broker is regulated. Ethereum trading forex brokers are regulated by top-tier regulators, as well as offshore regulators. In our research, we divide regulators into three tiers: Tier-1, Tier-2, and Tier-3.
Traders should prioritize essential safeguards such as negative balance protection, segregated funds, and compensation funds, all of which offer reassurance in case of financial issues. Note that offshore regulators do not impose strict limits on leverage, allowing traders to access high levels of leverage but offer lower levels of protection. You should be aware that compensation schemes may not be available. Consequently, if a broker faces financial difficulties, traders will have to navigate the situation independently.
Check out our comprehensive guide on the best regulated forex brokers.
Typically, brokers charge spreads, commissions, swap/rollover fees, and inactivity fees.
You should understand the difference between various types of accounts.
Typically, most brokers offer access to MetaTrader 4 and/or MetaTrader 5. Those are sophisticated platforms with a variety of tools tailored mainly for experienced traders. Hence, beginners may need to spend some time learning the ropes.
Some brokers have also developed their own in-house trading platforms. These platforms are usually tailored to the needs of traders at various experience levels. They are easy to navigate and simple to use.
The choice of trading platform largely depends on personal preferences and trading experience. In my opinion, for novice traders, it’s better to start with a user-friendly platform or a mobile app, whereas experienced traders often prefer MT4/MT5.
Read more about the platforms in our detailed guides on the best MT4 and best MT5 brokers.
Leverage provides traders with the opportunity to boost their profits through the use of borrowed funds. The higher the leverage, the greater your potential profits may be. However, leverage can be a double-edged sword, as it can also magnify potential losses. Thus, I would advise beginners to start with low levels of leverage to avoid the risk of substantial losses.
The maximum potential leverage a broker can offer is determined by the regulator. Ethereum trading forex brokers have entities that are regulated by offshore regulators that do not impose specific limits on leverage for retail clients. Thus, the leverage can be as high as 1:200. Note that it’s necessary to consider your risk tolerance and trading strategy before engaging in high-leverage trading. Additionally, traders should be aware that offshore regulators offer fewer protections. For those comfortable with these dynamics, FX Empire offers a list of the best forex brokers with high leverage, carefully selected to suit specialized trading needs.
Based on my trading experience, I have outlined the five things to avoid when choosing a broker:
To safeguard yourself against forex scams, follow these essential guidelines:
To save you time we created a comprehensive list of reliable brokers by jurisdiction here.
FX Empire, with a history dating back to 2011, has established itself as a reputable authority in broker reviews. Our extensive experience in evaluating CFD brokers, spanning over a decade, has led us to develop a meticulous and comprehensive review strategy. Adhering to stringent guidelines for editorial integrity, we consistently uphold our commitment to deliver unbiased evaluations.
We follow a diligent protocol for our review process, integrating objective criteria and quantifiable data. This methodical approach allows us to generate a justified score that accurately reflects the performance of a broker. Our mission is to provide traders with a thorough and unbiased review, empowering you to make well-informed decisions aligned with your specific needs.
To choose the best brokers for you, we rate them across nine categories and calculate a score that reflects their performance. The categories include:
We open accounts, test platforms, measure spreads, and chat with support teams to collect as much data as we can for each broker. Overall, we evaluate brokers based on more than 250 distinct data points. Every category receives a rating from one star (weak) to five stars (excellent). The broker’s total score depends on its performance in each of these nine categories.
We highlight each broker’s strengths and weaknesses, explain regulatory details, and share the results of our live tests of brokers’ fees, customer support, and trading platforms. To learn more about our review process, click here.
In this article, I focused on the best Ethereum Trading Forex Brokers. I have given priority to trustworthy brokers that are regulated by top-tier regulators, offer user-friendly platforms, and charge low fees.
The team of forex and CFD writers and editors at FX Empire is composed of trading industry professionals and seasoned financial journalists. Our writers have been published on leading financial websites such as Investopedia and Forbes. In addition, they all have extensive trading experience.
Dan Blystone began his career in the trading industry in 1998 on the floor of the Chicago Mercantile Exchange. Later Dan gained insight into the forex industry during his time as a Series 3 licenced futures and forex broker. He also traded at a couple of different prop trading firms in Chicago. Dan is well-equipped to recommend the best forex brokers due to his extensive experience and understanding of the brokerage industry.
Jitan Solanki is a professional trader, market analyst, and educator. He day trades major currency and index markets and focuses on swing trading US equities and commodities. A qualified Market Technician, Jitan also works with trader education and brokerage companies on various projects. These include market analysis, live trading events, and broker reviews. As an experienced trader and educator, Jitan brings all his qualities in action when reviewing and recommending brokers.
Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. Plamen’s favourite trading instruments include FX majors and gold. He earned a Bachelor's degree in Economics and International Relations. Plamen's broad experience has equipped him with the expertise to recommend the best forex brokers.
In more than 15 years of trading in the financial markets, Vladimir dealt with a wide range of brokers and financial instruments. His career as a day-trader at a proprietary trading firm goes back to 2007. Later, Vladimir turned to longer time frames and became an independent trader and analyst managing his own portfolio. Using his experience, he helps traders find the best broker in his reviews.
In more than 15 years of trading in the financial markets, Vladimir dealt with a wide range of brokers and financial instruments. His career as a day-trader at a proprietary trading firm goes back to 2007. Later, Vladimir turned to longer time frames and became an independent trader and analyst managing his own portfolio. Using his experience, he helps traders find the best broker in his reviews.
At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions.