Venturing into cryptocurrency in the UK is lucrative but risky. This is because the cryptocurrency market is highly volatile, and you need the best approach and strategy. For starters, it is crucial to be familiar with how the crypto space works and choose the best assets for your skills. Furthermore, you need a reliable cryptocurrency broker that will fully support you with quality trading tools and resources for maximum experience.
Unfortunately, many UK cryptocurrency traders do not know how to identify the best broker for their trading needs. As a result, it is challenging for them to enjoy their experience, thus bringing about losses. To help you in your research for the top cryptocurrency brokers in the UK, consider your investment needs. These include your trading funds’ safety, charges, platform performance, customer service, demo account, etc.
We understand that the research procedures involved in finding a top broker for your cryptocurrency investment can be challenging. Based on expert researchers’ experience, it can take you days or even weeks to test and compare UK brokers to choose the best one. For this reason, we help you simplify things by recommending the top three cryptocurrency brokers that have been approved by experts who are also professional traders. You can also read more on this list of CFD brokers in the UK.
1. eToro
eToro is a user-friendly broker that newbies can use to kickstart their cryptocurrency trading ventures. Moreover, its platform is customizable, and you will get exposed to quality trading tools and resources. For instance, eToro has social and copy trading platforms that traders connect with and mirror positions with more profitability. This can be the best platform to get started, especially if you have limited time for research and market analysis.
There are over 33 cryptocurrencies hosted by this broker to choose from, including Bitcoin, Ethereum, Litecoin, Ripple, Dash, etc. Getting started is a pretty straightforward process, and you only need a minimum deposit of $50. Moreover, deposits are free, and you only incur low spreads. Most importantly, eToro has a reliable demo account funded with $100,000 virtual funds to build your skills.
2. Plus500
Plus500 is a CFD cryptocurrency broker with a modern design platform that is user-friendly and customizable. Plus, it is among the safest trading platforms in the UK since the Financial Conduct Authority regulates it. Trading CFDs with Plus500 allows you to solely focus on speculating cryptocurrencies’ price movements. Moreover, you can diversify your portfolio with additional CFD assets the broker hosts.
Note that Plus500 is one of the highly-rated trading apps for users on Google Play and the App Store. It is known to work seamlessly on all mobile devices, so if you are always on the move, this broker will help you manage your trades and maximize your potential. In addition, it is among the low-cost brokers with a minimum deposit of $100, thus attracting budget-conscious traders. Like eToro, the broker has a demo account to test it out with.
3. AvaTrade
This broker is beginner-friendly since, like eToro, it also has a social trading platform that connects like-minded cryptocurrency traders to socialize. Additionally, the broker is among the best in mobile trading, and most users rate it highly on Google Play and the App Store. To get started, you only need a minimum deposit of $100.
AvaTrade hosts over 15 cryptocurrencies to trade and diversify your portfolio with. The broker also offers excellent research tools and educational resources for skills development. On top of that, you get access to a ZuluTrade copy trading platform to mirror experts’ positions with more profitability.
Verdict
The best cryptocurrency brokers are those meeting your trading demands, and this article has all the information you need to choose the best ones in the UK. With the above brokers, your funds are secured and are guaranteed the best trading conditions. You can use them to buy cryptocurrencies, invest in crypto stocks, or trade the assets by taking short-term positions.
