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What Is The Best Cryptocurrency Broker?

The text below is an advertorial article that was not written by Cryptonews.com journalists. Deciding on which cryptocurrency broker to invest with is one of the most important tasks in the crypto industry. You have to invest with a reliable and trustworthy broker which not only ensures the safety of your funds but also can…

The text below is an advertorial article that was not written by Cryptonews.com journalists.

Best Cryptocurrency Broker

Deciding on which cryptocurrency broker to invest with is one of the most important tasks in the crypto industry. You have to invest with a reliable and trustworthy broker which not only ensures the safety of your funds but also can help you make a profit. To do this, you have to consider some factors like the coin spreads, available trading platforms, regulation, minimum deposit, etc.

Here, we’ll figure out what is the best cryptocurrency broker by comparing some of the top dogs out there.

What Is The Best Cryptocurrency Broker?

1. Plus500

Plus500 – self-described as the World’s Trading Machine – is a CFD broker for trading cryptocurrencies among other trading commodities. The broker is owned by Plus500UK Ltd and has its headquarters in London, United Kingdom. The world’s top cryptocurrencies can be traded on Plus500 and the trading platform is available 24/7. With Plus500, you can try a Free Demo Account to practice your trading skills before registering for live trading and as a CFD, you do not need to own the cryptocurrencies before you can trade them.

  • Bitcoin Spread: Bitcoin is traded at a spread of 0.37% on Plus500.
  • Ethereum Spread: Ethereum is traded at a spread of 0.87% on Plus500.
  • Ripple Spread: Ripple is traded at a spread of 1.85% on Plus500.
  • Trading Platforms: Plus500 offers several trading platforms which include an Android an iOS mobile app, Windows 10 Trader, and Web Trader.
  • Minimum Deposit: The minimum you can deposit on Plus500 is $100 for electronic payments and $500 for bank transfers.
  • Deposit and Withdrawal fees: No deposit or withdrawal fee is charged on Plus 500
  • Regulation: Through its subsidiaries, Plus500 is regulated by the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), and Seychelles Financial Services Authority (SFSA).

<h3 data-param="2" id="2.-iq-option“>2. IQ Option

IQ Option is the cryptocurrency broker choice for most traders because of its quick deposit & withdrawal and short selling features. Though it is renowned majorly for Forex, Stocks, and Options trading, IQ option is still one of the leading crypto brokers in the world. The platform was founded in 2013 and boasts of close to 50 million registered users; over 1 million trades are completed daily which amounts to about $11 billion every month. You can trade cryptocurrencies normally and as CFD. A demo account is featured before trying your hands on the real deal.

  • Bitcoin Spread: Bitcoin is traded at a spread of 430 on IQ Option.
  • Ethereum Spread: Ethereum is traded at a spread of 9.6 on IQ Option.
  • Ripple Spread: Ripple is traded at a spread of 0.0875 on IQ Option.
  • Trading Platforms: IQ Option features mobile trading, desktop trading, and online trading. There are apps for Android, iOS, macOS, Ubuntu, and Windows devices.
  • Minimum Deposit: IQ option accepts a minimum deposit amount of just $10.
  • Deposit and Withdrawal fees: No fees are charged when you deposit or withdraw money on IQ Option.
  • Regulation: IQ option is a cryptocurrency broker regulated by the Cyprus Securities and Exchange Commission (CySEC).

<h3 data-param="2" id="3.-etoro“>3. eToro

eToro has been around since 2007 and has more than 10 million users worldwide. Fifteen of the most popular cryptocurrency are available to be traded on eToro; this includes Bitcoin and fourteen other altcoins. The platform is focused on copy trading services with a CopyTrader technology so you can imitate the winning trading strategies of top crypto traders. It is user-friendly and optimized for both crypto trading beginners and experts. The platform features a risk-free practice trading account with up to $100,000 virtual funds.

  • Bitcoin Spread: Bitcoin is traded at a spread of 0.75% on eToro
  • Ethereum Spread: Ethereum is traded at a spread of 1.90% on eToro
  • Ripple Spread: Ripple is traded at a spread of 2.45% on eToro
  • Trading Platforms; iOS and Android trading applications are made available by eToro. A web trading platform is also featured.
  • Minimum Deposit: $50 is the minimum amount you can deposit on eToro to start trading
  • Deposit and Withdrawal fees: No fees are charged for deposits but a $5 fee is charged for withdrawals.
  • Regulation: eToro is regulated by the Financial Conduct Authority (FCA) and the Cyprus Securities & Exchange Commission (CySEC).

<h3 data-param="2" id="4.-xtb.com“>4. XTB.com

XTB.com was rated by Brokerchooser as the Best CFD Broker for 2020. The platform is used by about 170,000 traders across the globe. Cryptocurrency can be traded all days of the week except from 9 pm on Fridays to 3 am on Saturdays. The platform features a free demo trading account that you can use for up to 4 weeks.

  • Bitcoin Spread: Bitcoin is traded at a spread of 1% on XTB.com.
  • Ethereum Spread: Ethereum is traded at a spread of 2% on XTB.com.
  • Ripple Spread: Ripple is traded at a spread of 2% on XTB.com.
  • Trading Platforms: XTB.com offers two major trading platforms, xStation 5 and MetaTrader 4 on the web. Also, there are trading apps for iOS and Android.
  • Minimum Deposit: The minimum deposit on XTB is relatively on the high side being pegged at $250.
  • Deposit & Withdrawal fees: XTB charges no fees for deposits if done via bank transfer and credit/debit cards. E-payment platforms charge a 2% fee and there is no withdrawal fee.
  • Regulation: XTB.com is registered with the name- XTB LTD UK. Also, it is both regulated and authorized by the Financial Conduct Authority (FRN 522157).

Side By Side Comparison

BrokerBTC SpreadETH SpreadXRP SpreadTrading PlatformsMin. DepositDeposit / Withdrawal FeesRegulation
Plus 5000.37%0.87%1.85%Android app, iOS app, Windows 10 Trader, Web Trader$100 for e-payments, $500 for bank transferNilFCA, CySEC, SFSA
IQ Option4309.60.0875Android app, iOS app, Windows software, macOS software, Ubuntu software, Online$10NilCySEC
eToro0.75%1.90%2.45%Android app, iOS app, Web trader$50$5 for withdrawalFCA, CySEC
XTB.com1%2%2%Android app, iOS app, xStation 5, Meta Trader 4$2502% deposit fee for e-payment platformsFRN

Wrapping Up…

From the comparison, the best cryptocurrency broker out of the lot is Plus500. The platform is well regulated by different bodies and relatively low spreads for all top 3 cryptocurrencies. However, it is important to note that since cryptocurrencies are volatile, the spreads can change at any time.

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Daily Financial News

What is the best crypto wallet ?

What is the best crypto wallet_ a hardware wallet, a software wallet, or a mobile wallet_

What is the best crypto wallet: a hardware wallet, a software wallet, or a mobile wallet?

In the early stages of learning how to use Bitcoin, the security question arises: how to ensure your coins remain in your possession? Only by generating and storing keys in a way that can be verified can you be certain. It is impossible to be sure no one else has a copy of your keys unless you know they were created properly and stored offline.

Hardware wallets create your keys offline using a random number generator, so they cannot be logged. Additionally, the keys are kept permanently offline, so they cannot be accidentally shared on a network.

In software wallets and mobile wallets, random number generators are often built into the device the wallet is installed on. Since they use inputs like the current time to calculate randomness, they are difficult to verify and generally not secure. Even if your device generates randomness in a secure manner, host the resulting keys on a networked device, and an attacker can extract, view, or intercept them at any time.

It is transparent to verify that open-source hardware wallets create and store randomness securely, and that your keys are kept offline while being protected from threats like phishing. It is different in the case of open-source Bitcoin wallet though.

In addition to protecting against other vulnerabilities, hardware wallets resolve new attacks both progressively and reactively among security researchers. Supporting bug bounty programs ensures that all types of security issues are regularly checked.

What is the best crypto wallet_ a hardware wallet, a software wallet, or a mobile wallet_

What is the best crypto wallet_ a hardware wallet, a software wallet, or a mobile wallet_

Stay more secure everywhere

Hardware wallets have set a new standard for universal cybersecurity, as we discussed above. According to speculators, the future of the internet – dubbed Web3 – will rely on cryptographically secure keys backed up physically. In the cryptosphere, as well as in everyday business, e-commerce, and social media, hardware wallets are essential.

Your assets and identity are both protected offline when you use a hardware wallet for authentication, so there is no counterparty risk.

As a result of forgetting passwords and changing authenticator devices, security has long relied on third parties. Using the open recovery seed standard, users can backup their accounts safely without relying on a third party and recover accounts from any compatible device. Using Shamir backup, the recovery seed is split into multiple equal parts for stronger security.

Keeping in mind that not just crypto can be targeted is important. Similarly, your data can be leaked, resulting in phishing attacks, hostage situations, or compromised devices arriving by mail.

It has become easier and more affordable for everyone to have verifiable security thanks to hardware wallets.

The base layer of crypto security is hardware wallets

By bridging the digital and physical worlds, hardware wallets create digital keys offline and keep them safe. Crypto assets can be controlled with the keys in many ways, such as two-factor authentication, digital signatures, or two-factor authentication.

With open standards, you can ensure the same level of security across any app you use. As a result, dozens of hardware wallet manufacturers have appeared around the world, accelerating the adoption of crypto security and ensuring standards are maintained to ensure your coins remain yours regardless of wallet.

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Industry News

School4Trading Review – How to Spot Possible Forex Broker Fraud

School4trading Review

School4Trading Review – How to Spot Possible Forex Broker Fraud

In this School4trading Review, we will look at the features of the software, as well as the customer support. First, let us look at the interface. The design is simple and easy to navigate. It also provides a chatbot, which helps you to communicate with the broker. The customer service is warm and inviting, which is a hallmark of a good broker. In contrast, a fraudulent broker will use cold and impersonal customer support to lure people in.

Another problem with the system is that the login process is not always intuitive. You may have to retype your password several times to get in. Then, you may experience difficulties withdrawing your funds or accessing your account. In such cases, you might have to wait for days or even weeks before you can withdraw the money you’ve invested. This is not a good sign. It’s better to choose a different trading platform altogether.

If you’re having trouble logging in, you should also check the legitimacy of the broker. Whether the broker is licensed by a reliable regulatory body or closed down, you’ll want to be sure it’s legitimate. If the broker isn’t licensed by the right body, don’t trust him. You shouldn’t waste your time with an inexperienced company. This will only cause you problems in the long run.

The next factor that should be checked is the licensing. A legitimate broker will have a license from a high regulatory body. However, a broker without a license will be unreliable. Moreover, a reliable regulator will take away the license of a scam broker. As a result, a trustworthy School4Broker/Profittrade review should mention fees, account rules, and contract terms. A scam broker will be unable to operate legally.

Secondly, look for warning signs. The broker should be licensed and regulated by a reliable regulatory body. It should be regulated by a high level. If it doesn’t, it’s a scam. Lastly, it should have a website that lets you easily access your account. Moreover, you should not hesitate to check the contact information. If you find any information that seems suspicious, you should reconsider using the broker.

In summary, Forex trading isn’t easy, but it doesn’t have to be complicated. It’s not as difficult as it seems if you’ve heard about the program. You’ll learn everything about the basics and how to become a professional. But if you’re still unsure about whether this program is right for you, don’t hesitate to contact a school4trading’s website.

The most important thing to remember when it comes to Forex trading is that it’s not easy. While it’s important to have a strong background in trading, there are a number of factors that can affect your success. Having a proper plan is vital in the long run, because you will be trading with real money. And, the platform should be reliable. Otherwise, you’ll end up losing a lot of money.

As we’ve mentioned, Forex is not easy. Investing isn’t something you can do in the comfort of your own home. You need a proven system. There are no free trials, so you’ll have to find a way to do it yourself. This isn’t a scam, and it’s a great way to make money without any help. A Forex system can help you learn the intricacies of the market.

Although the process of learning Forex isn’t an easy one, it’s certainly not impossible. Fortunately, there are many people who are willing to take the time to learn how to trade. But, even the most experienced trader needs to be aware of the risks of the market. While Forex trading isn’t easy, it can be done with the right knowledge. The software’s user-friendly interface is key.

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Daily Financial News

Don’t Count On JPY Correction; Staying Long GBP/JPY

The path of the potential pace of the JPY decline may still be underestimated by markets, which continue trading the JPY long.

While the 10% USDJPY advance from September lows looks impressive from a momentum point of view, it may no thave been driven by Japan’s institutional investors reducing their hedging ratios or Japan’s household sector reestablishing carry trades.

Instead, investors seemed to have been caught on the wrong foot, concerned about a sudden decline of risk appetite or the incoming US administration being focused on trade issues and not on spending. Spending requires funding and indeed the President-elect Trump’s team appears to be focused on funding. Here are a few examples: Reducing corporate taxation may pave the way for US corporates repatriating some of their USD2.6trn accumulated foreign profits. Cutting bank regulation could increase the risk-absorbing capacity within bank balance sheets. Hence, funding conditions – including for the sovereign – might generally ease. De-regulating the oil sector would help the trade balance, slowing the anticipated increase in the US current account deficit. The US current account deficit presently runs at 2.6% of GDP, which is below worrisome levels. Should the incoming government push for early trade restrictions, reaction (including Asian sovereigns reducing their holdings) could increase US funding costs, which runs against the interest of the Trump team.

Instead of counting on risk aversion to stop the JPY depreciation, we expect nominal yield differentials and the Fed moderately hiking rates to unleash capital outflows from Japan.The yield differential argumenthas become more compelling with the BoJ turning into yield curve managers. Via this policy move, rising inflation rates push JPY real rates and yields lower, which will weaken the JPY. Exhibit 12 shows how much Japan’s labor market conditions have tightened. A minor surge in corporate profitability may now be sufficient, pushing Japan wages up and implicity real yields lower.

JPY dynamics are diametrical to last year . Last year, the JGB’s “exhausted”yield curve left the BoJ without a tool to push real yields low enough to adequately address the weakened nominal GDP outlook. JPY remained artificially high at a time when the US opted for sharply lower real yields. USDJPY had to decline, triggering JPY bullish secondround effects via JPY-based financial institutions increasing their FX hedge ratios and Japan’s retail sector cutting its carry trade exposures. Now the opposite seems to be happening. The managed JGB curve suggests rising inflation expectations are driving Japan’s real yield lower. The Fed reluctantly hiking rates may keep risk appetite supported but increase USD hedging costs.Financial institutions reducinghedge ratios and Japan’s household sector piling back into the carry trade could provide secondround JPY weakening effects

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