What is the Best Broker for Forex and Crypto Trading?

Is there such a thing as the best broker for forex and crypto trading? Well, it depends on your preferences, goals, needs, and level of experience in this industry. While nobody can promise you that a certain online broker is the absolute best, we can definitely offer you some good options.

In this article, we will be detailing some of the most popular and professional online brokers out there that can definitely become your trusted trading companions. Then it will be up to you to decide if the best broker for forex and crypto trading is among our recommendations. Keep in mind that any service that helps you make money involves a degree of risk, especially when it comes to trading. Here are our picks!

eToro

The online broker called eToro is probably the most famous one in this industry. Founded back in 2007, it rose to fame during the early days of forex trading. This broker is specialized in copy and social trading, a trademark that has pushed its popularity level even higher. With a huge client base, a special reputation, and an incredible level of experience, eToro is definitely up there when it comes to valuable brokers.

It benefits from regulations from Australia, the United Kingdom, Cyprus, and the United States. However, its US offer is a lot different than the one provided to the rest of the world. This broker also offers the possibility to pick an Islamic account for the people who practice this religion whose rules forbid them to pay interest.

In 2019, eToro acquired a Danish blockchain company called Firmo and a Belgian crypto portfolio tracker called Delta. After that, the broker launched its crypto wallet for mobile devices and became one of the leading forces in crypto trading. On the downside, eToro doesn’t provide the highest level of trading education and it doesn’t support the popular MetaTrader 4 platform. Still, it’s worth taking into account as the best broker for forex and crypto trading.

Plus500

Plus500 is another very popular online trading broker that offers both Forex and non-Forex assets that you can trade. Plus500 is mostly aimed at manual traders because it has a user-friendly, simple, and fast trading interface. It also comes with a plethora of useful features like price movement alerts, a trader sentiment indicator, and guaranteed stop-loss orders.

Plus500 is also an amazing choice if you are a fan of cryptocurrency trading as it offers fourteen crypto pairs. This is a professional and experienced broker founded back in 2008 with regulations from CySEC, ASIC, FCA, FMA, etc.

What’s even more interesting is that Plus500 claims that 40% of their clients trade using their mobile devices. It also has a News and Market Insights section that traders can find useful, even if it’s not updated daily. Its educational resources offer is limited but this shouldn’t make you shy away from choosing Plus500 as the best broker for forex and crypto trading.

Royal Noble Group

Royal Noble Group is a CFD and cryptocurrency-centric brokerage firm that values credibility, trustworthiness, and execution. It places customers at the top of their priority list by offering the highest standard of trading and making it simple in the process. This broker actively invests money into creativity and specialist staff so that it can deliver specially tailored quality and interaction.

The Royal Noble Group team is also experienced in the development of Sirix technology. The polished trading climate, excellent spreads, and professional workers are always available to traders all over the world. In fact, their offerings are meant to accommodate both newbies and specialist traders.

Royal Noble Group has six different categories of accounts that they can choose from signing up. There are the Basic, Silver, Gold, Platinum, VIP, and Algo Fund account types. Many clients claim that its trading platforms are among the strongest in the industry today. They give immediate executions free from lags, bugs, or crashes.