Use our comparison tables to compare the best Cryptocurrency brokers for trading Bitcoin and Ethereum authorised and regulated by the FCA.  Choose or switch to a broker that offers the most markets, best pricing and client security.

CFD, spread betting and trading cryptocurrency on leverage carries a high level of risk and can result in losses that exceed your deposits.

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If you want to speculate on the price of cryptocurrencies there are basically two ways to do it.

  1. Go to a bit coin exchagne and buy some bitcoin.
  2. Trade it with a derivatives (CFD or spread betting) broker

If you buy through a bitcoin exchange, you just buy the bitcoin and tuck it away hoping the price will go up.

The disadvantage here is that if you buy $10,000 worth of Bitcoin you need to pay $10,000 for it. The advantage of this of course is that, that is your risk. If Bitcoin goes to zero you lose $10,000.

Or you could speculate on the price through a broker like ETX. Derivatives brokers allow you to speculate on whether or not the price will go up or down without actually owning it.

If you trade Bitcoin through a spread bet, then you don;t have to pay capital gains on your profits. Of course, if you lose money you can’t offset it against investment profits.

Also, trading on leverage is massively risky. Especially in crytocurrencies are very new and many think they are going to zero.

See JP Morgan Chase CEO Jamie Dimon calling Bitcoin a fraud and that it will go to zero, but he wouldn’t dare short it as there is no telling how high it could go.

So there you go, potentially massive rewards but equally massive and catastrophic loss risk.

For further information you can read our article how and where to trade bitcoin with a UK broker…

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