Compare Top UK Based Cryptocurrency Brokers
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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What are the most reputable cryptocurrency brokers in the UK?
Cryptocurrency trading is in it's infancy, and there are firms popping up everyday that claim to be cryptocurrency brokers in the UK. however, in reality cryptocurrency, is just another currency or asset class, no different to Gold, which is actually traded against the USD. So if you are looking for a cryptocurrency broker in the UK there are many established brokers that are adding cryptocurrency to their offering.
Which are the best cryptocurrency brokers in the UK?
We highlight the best cryptocurrency brokers in the UK above in our cryptocurrency broker comparison tables. Only FCA regulated brokers based in the UK are included in the crypto comparison, as client funds are protected under the FSCS scheme.
Comparing FCA regulated cryptocurrency brokerage firms
It's important to avoid cryptocurrency scams by only using a fully FCA regulated cryptocurrency broker. Some brokers can give access to Bitcoin futures on the CME, offer cryptocurrency spread betting of CFD trading on cryptocurrencies.
You can find cryptocurrency specific brokers here:
- Bitcoin brokers
- Ethereum brokers
- Ripple brokers
- NEM brokers
- Monero brokers
- Litecoin brokers
- Dash brokers
- Bitcoin Cash brokers
Top ten brokers that trade cryptocurrency
If you are looking for the top ten brokers that trade cryptocurrencies, there is no definitive list. This is because brokers that trade cryptocurrencies vary dramatically depending on your requirements. Some crypto brokers offer tight pricing, but no added value. Other crypto brokers offer lots of research, analysis and data. So it really depends on what you are looking for. That said, all the cryptocurrency brokers listed in our comparison tables should be considered to be in the top ten.
Where to find Bitcoin CFD brokers
Trading bitcoin on CFDs is one of the most popular ways to trade as you can speculate on margin and profits whether the price goes up or down. You can view the best CFD brokers in the UK in our comparison tables. As there are now Bitcoin futures on the CME, it;s easier for broker to hedge so now most CFD brokers offer Bitcoin CFDs.
Are there any Bitcoin MT4 brokers in our lists?
Yes, you can view our MT4 brokers comparison table if you want to trade Bitcoin on MT4. trading Bitcoin on MT4 is no different to trading any other currency (in theory). In practice, Bitcoin is far more volatile, the spreads are wider and it is more expensive to hold overnight positions. This isn't just for Bitcoin MT4 trading, it applies for trading Bitcoin in general.
Plus 500 are one of the largest cryptocurrency brokers in the world. Plus500 Ltd is listed on the AIM section of the London Stock Exchange. Market Cap as of May 2017 is over £1bn. Plus500UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909). Your capital is at risk.
What makes them stand out in a few words? The trading platform is simple and spreads are tight as you would expect you can see a list of spreads and fees here. There is an in-activity if the account isn’t used through.
ETX Capital are one of the oldest cryptocurrency brokers in the UK. ETX was founded in 1965 as Monecor and remains a member of the London Stock exchange.
They offer tight spreads as low as 0.7 on EuroDollar and 0.9 on other FX pairs.
ETX has won some pretty decent awards including: Money AM Awards 2012 Best Online Charts. Investment Trends Award 2013 Best Value for Money and UK Forex Award 2013 Best Forex Trading Tool & Software.
For new clients they offer free demo account test their Pro, MT4 and Binary trading platforms (more info).
ETX Capital are one of the oldest brokers on this list and at the top of the top five Forex brokers list. They were first founded in 1965 as Monecor and focus on looking after bigger high net worth customers who need a professional trading platforms and dealers. ETX Capital is privately help and employs around 90 people in the UK office The name ETX refers to Electronic Trading, Telephone Trading and EXecutions Services. ETX Capital are also a member of the London Stock Exchange.
ETX offer four platforms to choose from – ETX Trader, ETX Pro, Binary and MT4. ETX Pro is by far the best platform they offer for all round traders. But larger Forex traders may want to also have an MT4 account. MT4 offers some of the tightest FX spreads in the industry as well as some very advanced technical tools for FX pastern recognition.
They offer new clients £500 to switch accounts to drum up new business and offer traditional spread betting as well. You can even set your margin limits to 100% if you want to trade on a non-leveraged basis and just take advantage of the tax breaks.
If you go to ayondo because of the social trading feature you can earn money by getting other traders to follow you or by choosing a winning trader to follow. Obviously picking a winning trader to follow is just as hard as picking a winning stock! Sign up with ayondo here.
One of the fastest growing cryptocurrency brokers is eToro the social trading network, originally called retail FX when it was founded in 2006.
It now has millions of traders ranked in leagues across the world. eToro website claims to have over 4,500,000 registered traders.
Being a social trading network it is possible to earn money by being a leader or by following a profitable trader. Find out more…
How to trade and buy cryptocurrencies
If you want to speculate on the price of cryptocurrencies there are basically two ways to do it.
- Go to a bitcoin exchagne and buy some bitcoin.
- 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...
US cryptocurrency brokers for trading Crypto in the USA
We generally on feature cryptocurrency brokers for UK trading, but if you are looking for a cryptocurrency broker for US trading you can view our US crypto broker comparison table here.
Latest Cryptocurrency Broker News, Views, Reviews & Guides
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