Cryptocurrency trading has great potential and is favored by more and more traders。While some prefer to trade cryptocurrencies on cryptocurrency exchanges, others choose to trade with CFD brokers.。

Today, there are many brokers for cryptocurrency beginners that offer low-cost trading fees and educational materials to help traders learn more about these tools。Before going into details, there are some reasons why you should consider investing in cryptocurrency。

Benefits of investing in cryptocurrency

Cryptocurrencies are a highly volatile asset with many opportunities to enter the market and a higher probability of profit。Since cryptocurrencies have nothing to do with the value of goods or governments, the price is not affected by political events。This is also the reason why many professional traders use cryptocurrencies as hedging tools to protect themselves from unexpected effects during press releases.。

However, cryptocurrencies also have their own risks to consider。For example, there are no sound regulations and consumer protections around the world, and many people have been fooled by Ponzi schemes posing as cryptocurrency projects.。Fraud is not the only risk in the field of cryptocurrency trading, and there are some problems with hacking。Although the blockchain system is secure, some hackers have managed to compromise the security of some cryptocurrency exchanges.。

What makes a good cryptocurrency broker?？

There are many brokers for cryptocurrency beginners, but not all are worth choosing。Although it is rare for a single forex broker to meet all these requirements, they may help guide you in choosing the best broker。

1.Low cost

Trading is not just about buying and selling products, but also involves other fees, which vary according to the criteria of each broker。Some may charge a fee, while others will not。You need to consider this as it will increase your trading commission。

2.asset diversification

There are thousands of cryptocurrency products on the market, traders try other currencies besides Bitcoin and Ethereum。If you show this interest, you may want to consider which crypto assets the broker offers。Ensure that in addition to BTC and ETH, the broker also offers at least 5 of the largest cryptocurrencies by market capitalization。The more cryptocurrencies they offer, the better the service。

3.Learning Materials

Cryptocurrency trading can be overwhelming for new players, which is why educational courses are important for beginners。In this case, choose a broker with educational content on cryptocurrencies。If the broker also provides a mentor so that you can communicate the difficulties and problems you have encountered in understanding the topic。

Beginners Cryptocurrency Broker

1. IC Markets

IC Markets is an ASIC regulated broker offering multiple assets to trade。The broker is known for trading contracts for difference (CFD) in a variety of instruments, including cryptocurrencies。You can go long or short the world's largest and most popular cryptocurrency。The service is open 7 days a week and can be traded at any time。IC Markets can also trade with well-regulated CFD companies, enjoy up to 1: 5 leverage and eliminate cryptocurrency exchange risk。

If you know almost nothing about CFD trading, IC Markets also offers various educational materials on that trade。Since CFDs are slightly different from regular trading, you may need to take all courses。These materials are available through video tutorials, articles and web TV, and you can enjoy it all as a customer of IC Markets。For better trading conditions, choose the IC Markets original account as it allows for below average spreads。They also offer mobile apps with all the features inside。

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IC Markets is a private company in International Capital Markets Pty Ltd..) an online forex brokerage company operated under。Traders under Australian jurisdiction offer trading services at IC Markets-AU, which is based in Australia and licensed by the Australian Securities and Investments Commission (ASIC).。

On the other hand, non-Australian traders who open accounts with the broker are registered under the Seychelles-based IC Markets SEY and are regulated by the Seychelles Financial Services Authority (SFSA).。This dual operation is the result of the Australian Securities and Investments Commission's relatively new rules, which prohibit its regulated brokers from providing trading services outside Australia.。

IC Markets is classified as an ECN broker offering clients MetaTrader 4, MetaTrader 5 and cTrader as platform trading options。The broker also follows market trends with cryptocurrencies as one of its products, enriching its already wide selection of trading assets, including currencies, indices, metals, energy, software, stocks and bonds.。

IC Markets "minimum deposits are at a moderate level compared to other ASIC-regulated brokers, as each customer has a deposit of $200.。Market analysis materials are also regularly prepared for trading insights on the official website of IC Markets, proving their ability to provide traders with important content created specifically for the market experts they work for.。

For payment methods, IC Markets allows financing and withdrawals via wire transfers, credit cards, PayPal, Skrill, Neteller, FasaPay, UnionPay, and BitPay's Bitcoin。The more interesting aspect of the broker is its multiple base currencies, including the US dollar, Australian dollar, euro, British pound, Singapore dollar, New Zealand dollar, Japanese yen, Swiss franc, Hong Kong dollar and Canadian dollar。

Due to the trading technology of IC Markets equipped with highly centralized servers and extremely low latency (especially on cTrader), the broker is well known for its ability to host traders with special needs for high-frequency trading and order brushing。

In summary, IC Markets is the right destination for active traders looking for well-regulated brokers。IC Markets is also flexible in terms of base currency and payment methods, which demonstrates their commitment to welcoming traders from outside their home countries.。By the end of 2019, IC Markets was offering websites in 18 international languages, including English, Korean, Indonesian, French, Spanish, Italian, Malay, German and Chinese.。

2. eToro

As one of the best brokers for cryptocurrency beginners, eToro lets you trade a variety of leading cryptocurrencies and cryptocurrency crosscurrencies。

In addition to this, the broker also allows cryptocurrency to pay deposits。Their advanced charting and analysis tools allow you to track the trends of each token and help you strategize, as well as create custom watchlists and stay informed about real-time updates。They not only provide cryptocurrency trading services, but also allow you to pledge。If you don't know much about cryptocurrencies, don't worry, eToro will guide you through an educational video where you can learn about the tool。

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Founded in early 2007, eToro's mission is to make transactions available to anyone, anywhere, and to reduce reliance on traditional financial institutions.。The company has headquarters in the UK, Cyprus, USA and Australia。

eToro (Europe) Limited is a financial services company authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) with license number # 109 / 10.。Meanwhile, eToro (UK) Limited is regulated and regulated by the Financial Conduct Authority (FCA) under license number FRN 583263.。

As for eToro AUS Capital Pty Ltd, its legal status is recognised by the Australian Securities and Investments Commission (ASIC) to provide financial services under Australian Financial Services Licence 491139.。

As a 4-figure broker, eToro offers both short-term options for day traders and long-term options for investors, such as their innovative CopyPortfoliosTM, a fully managed thematic portfolio.。

Since 2007, eToro has been at the forefront of the fintech revolution.。The latest is CopyPortfolio, which was launched in 2017 and is powered by machine learning Al。In addition to developing CopyPortfolio, the company also integrated Microsoft's machine learning technology into Momentum DD.。

The new CopyPortfolio investment strategy uses artificial intelligence to find the most stable traders who are most likely to earn double-digit returns and bundles traders into a fully managed portfolio.。eToro has hundreds of financial assets available for trading, including stocks, commodities, crypto assets, currencies, indices and ETFs。Each asset class has its own characteristics and can be traded using multiple investment strategies。

Certain positions on eToro involve ownership of underlying assets, such as non-leveraged positions in equities and crypto assets。Using contracts for difference (CFD) will make various options possible, such as leveraged trading, short (sell) positions, fractional ownership, etc.。For example, a trader can invest in gold at a minimum amount of $100, even if the price of a single unit of gold is $1,000.。eToro's most popular CFD commodities include gold, oil, gas, silver and platinum。

Currency can only be traded as CFD on eToro。In addition, CFD allows for short selling (short) positions and leveraged trading, even for assets that do not offer this option in traditional trading.。Some popular currency pairs include EUR / USD, GBP / USD, AUD / USD, USD / JPY, and USD / CAD。

In addition, an exchange-traded fund (ETF) is a financial instrument consisting of several assets and is used as a tradable fund.。After opening an eToro account, traders can invest at least $250 in an ETF that sells for $500.。Some popular ETFs on eToro include SPY, VXXB, TLT and HMMJ。

However, eToro also offers other features through the use of CFD trading。All leveraged ETF positions in the UK are regulated by the FCA。Meanwhile, all CFD positions executed by eToro Australia are regulated by ASIC.。

The company also has other advantages。Of all tradable financial assets, eToro does not charge any deposit or transaction fees other than spreads。

eToro charges $25 for withdrawals, with a minimum withdrawal amount of $50。Non-leveraged long positions held in cryptocurrencies, stocks and ETFs are not executed as CFD and are not charged。eToro charges overnight or weekend fees for CFD positions, such as leveraged positions and short (sell) orders。

Update of fees always applies to open positions。Fees are subject to change at any time and may change on a daily basis based on market conditions without prior notice。

As a beginner, traders can use eToro's copy trading feature。Unlike the features of other brokers, traders can copy the strategies of professional traders for free without splitting into profits。As a result, 100% of the profit goes entirely to the trader.。For example, when Trader A, copied by Trader B, generates 10% profit this month, Trader B also earns 10% profit。

The company is the world's leading social trading network.。Since eToro operates in complete transparency, each trader has valuable information in their eToro profile, so it is helpful for other traders interested in copying their trades when creating their best portfolio。

Another unique feature of eToro is personalized social news subscriptions。Just like on any social media, traders can post their own updates in a subscription, comment on other people's posts, and gradually create a subscription that suits a trader's trading and investing interests.。On the eToro social trading platform, traders will also be notified when there are new posts and other important updates from traders。

3. Think Markets

Recently, the cryptocurrency trading service of ThinkMarkets has just been updated, you can trade crypto products 24 / 7 through ThinkMarkets without missing any more opportunities。The brokerage also provides $1 million in insurance to protect your funds, thereby ensuring your safety。You can also get more out of persistent low spreads across all platforms。

Mobile traders can download a mobile trading app called the ThinkTrader app, which provides an unparalleled trading experience on mobile devices such as desktops and tablets。

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As a multi-asset online brokerage, ThinkMarkets offers a wide range of trading assets from Forex to Precious Metals, Commodities, Indices, Stocks and Cryptocurrencies。The Australian-based broker was founded in 2010 and has since opened more headquarters in London and regional offices in Asia Pacific, the Middle East, North Africa, Europe and South America.。

Along with its historical operations, ThinkMarkets has received numerous awards and recognition in various aspects.。They recently won the Best Value Broker Award in Asia at the 2020 Global Forex Awards。

Standard account average forex spread for traders who open an account with ThinkMarkets from 1.From 2, while ThinkZero offers 0.Best trading experience at 1 point spread。However, traders may want to take into account that ThinkZero charges 3 per side for every 1,000,000 trades..$5 commission。

As a global online brokerage firm, ThinkMarkets operates under the supervision of multiple financial regulators, for example, ThinkMarkets Australia is managed by TF Global Markets (Aust) Limited and licensed by the Australian Financial Services Authority and the Australian Securities and Investments Commission (ASIC), ABN: 69158361561。ThinkMarkets UK is registered with the Financial Conduct Authority (FCA) under the name TF Global Markets (UK) Limited (No.09042646)。

ThinkMarkets is always committed to improving its trading environment through a variety of advanced products.。Auto trading enthusiasts can use free VPS hosting, while enthusiastic traders who want to experience outside the MetaQuote platform can try ThinkMarkets' proprietary platform ThinkTrader。

The trading platform offers 3 different interfaces designed for web desktop, tablet and mobile display。In addition, custom tools such as more than 80 drawing tools and more than 125 technical analysis indicators can even be accessed via mobile screens, which will undoubtedly provide a new mobile trading experience.。

In terms of market updates, the ThinkMarkets deal will be accompanied by news from FX Wire Pro, which is known for its strict policy of adhering to objective news reporting and providing critical, credible information in real time.。Information areas covered by FX Wire Pro include economic commentary, technical-level reports, currencies and commodities, central bank bulletins, energy and metals, and event-driven bulletins。

For payment methods, ThinkMarkets provides gateways through bank transfers, credit cards (Visa and MasterCard), Skrill, Neteller, POLi online banking, BPay, and Bitcoin wallets。

All in all, for a company that has been in business since 2010, ThinkMarkets has been quite successful in terms of legal status and trading technology innovation.。As an additional guarantee of safety for traders, the broker highlighted its commitment to a $1 million insurance protection plan, which is achieved through ThinkMarkets and Lloyd's of London insurance policies, in the unlikely event of bankruptcy Provide up to $1 million in protection for customers' funds。

4. Admiral Markets

You can trade cryptocurrency CFDs products with leverage in Admiral Markets。The broker allows you to increase your investment capital with up to 10: 1 leverage and access to all major cryptocurrencies 24 / 7。

5. AvaTrade

You can trade cryptocurrencies in AvaTrade using other tools that also teach you everything you need to start a business in the digital market。By understanding the cryptocurrency market, you can not only learn how to recognize current market conditions, but also predict how market conditions may change。With AvaTrade, you can learn about the many ways to profit from digital tools。

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Avatrade is one of the most comprehensive brokers, supporting almost all trading styles。Avatrade not only allows hedging, scalping and expert advisors (EA), but also completes its services through one cancellation of another order (OCO) and automated trading in many variants of automated trading systems.。

Founded in 2006, AvaTrade's primary mission is to allow people to trade with confidence.。If traders are still confused about the best broker to support traders trading, AvaTrade may be the trader's choice, as it has been evaluated and recognized for some of the industry's most outstanding financial and technical achievements for its clients.。

In 2019, the Dublin-based broker acquired Daytrading."Best Forex Broker 2019" by com。In addition, the company has been honored as "Best Forex Broker," "Best Bitcoin CFD Trading Provider of the Year" and "Best Alliance Program in Europe."。

In addition, for more liquid traders, AvaTrade offers a number of platforms that allow traders to trade using laptops and mobile phones。The availability of the free Autochartist tool in the platform is the best support for both novice and experienced traders, as it makes it easier for them to find trading opportunities without having to look at the chart all day。

Autochartist free signals available in gold accounts, platinum accounts and AVA Select。By opening an account with AvaTrade, traders do not have to pay for the full Autochartist service。Autochartist itself is a market scanning tool that can detect trading signals from various technical perspectives.。

Traders can access AvaTrade on multiple platforms such as AvaTradeGO, MetaTrader 4, MetaTrader 5, Automated Trading, Mac Trading, Web Trading, Mobile Trading and AvaOptions。

On the regulatory side, AvaTrade has a large number of credible licenses that guarantee security even with deposits as high as $10,000.。AvaTrade uses a separate account system, subject to the Central Bank of Ireland (No..C53877), ASIC Australia (No.406684), Japan JFSA (No.1662) and South Africa (FSP 45984) regulatory。

In the event of extreme market volatility, will traders suddenly lose more than their deposits?？AvaTrade explicitly answers no because traders have negative balance protection。

AvaTrade has a minimum deposit of $100 and offers different leverage depending on the trading instrument; whether it is Forex (30: 1 start), Indices (20: 1 start), Commodities (5: 1 start), ETFs (5: 1 start) or Cryptocurrencies (2: 1 start)。

AvaTrade is committed to maintaining a set of customer-related values。As a result, the company offers the best trading experience with multilingual customer service and the most advanced and user-friendly trading platform.。

Novice traders can also learn Forex trading in the "Education" tab of the official AvaTrade website。Traders will find tons of articles, video tutorials and more tools to help them every step of the way。This is an important requirement as the forex market can be a bit unbearable and even scary at times, so traders need to make sure they are fully prepared before they start trading in a live account。

AvaTrade offers a variety of account types, as well as Islamic trading accounts specifically for Muslim traders.。The Islamic account type is similar to the regular account type with one key difference; it does not charge any special fees or interest (no overnight interest), which is in line with the financial principles of Islamic law。

Traders can choose AvaTrade as an ideal option if they are confident in forex trading。The minimum deposit and the various platforms offered are suitable for beginners trying Forex trading for the first time。

6. easyMarkets

In addition to providing the best conditions for cryptocurrency trading, easyMarkets also ensures that you have access to educational materials, which are free and available to all easyMarkets customers.。

You can also register through their official website to unlock multiple video courses as well as comprehensive knowledge tests。After passing the course, you can learn more about trading different types of assets, including cryptocurrencies, trading psychology, technical analysis, fundamental analysis, and more。

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EasyMarkets has been writing its own story in the financial markets since 2001.。Simplicity, honesty and transparency are the three values of easyMarkets。The company tries to make the trading process as simple as possible.。

In 2016, they changed their name from easy-forex to easyMarkets。Over the years, easyMarkets has expanded its range of CFDs products to cover global indices, options, metals, foreign exchange, commodities and cryptocurrencies, and the company has been licensed by CySEC and ASIC.。

Another privilege when trading at easyMarkets is its own platform。The easyMarkets Ease platform is simple and versatile. According to trader reviews, it is friendly to new customers and provides many features for experienced traders。Customers can also get free guaranteed stops, no slippage, fixed spreads, and no capital or withdrawal fees from easyMarkets.。

The platform has three unique features。First, dealCancellation enables traders to "undo" their trades。easyMarkets is the only broker that offers to close trades before the trading time reaches 60 minutes for a small fee。

In addition, traders can enjoy the internal viewer。The tool helps traders gain a deeper understanding of market sentiment by showing them the percentage of buy and sell executed in the platform。The third unique feature is the freeze rate, which traders can use to suspend the exchange rate and place their trades at the "frozen" rate。

easyMarkets also offers financial calendars, market news, trading charts and trading signals as a perk of the platform, offering the technology on a mobile interface via iOS and Android devices, allowing traders to enter the market anytime, anywhere。

MetaTrader 4 is also provided by easyMarkets。Traders will get negative balance protection and fixed spreads when using this popular trading platform。In addition to this, the broker offers ordinary options。

As a result of these innovations, easyMarkets has become an award-winning broker, winning the 2019 Forex Broker Award from Dubai Forex Expo, the 2018 Most Innovative Broker Award from World Financial Markets Awards, the 2018 Best Asia Pacific Broker Award from ADVFN International Finance Awards, the 2017 Most Transparent Broker Award from ADVFN International Finance Awards, the 2017 Best Forex Service Provider Award from FXWord China, and more.。

In addition, easyMarkets offers three account types, such as VIP accounts, Premium accounts, and Standard accounts。All accessible via web / app and MT4 platform。Maximum leverage is 1: 200 when using the easyMarkets Web / App platform and 1: 400 when using MT4。

Fixed spreads in forex trading from 1.Start at 0: 00。Traders can become easyMarkets VIP customers and enjoy some benefits, such as trading by phone, obtaining the most stringent fixed spreads, personal analysts, and real-time market updates via SMS。

Traders pay no additional fees, whether commissions, account fees or withdrawals。The account currency has 18 options, including euro, Canadian dollar, Czech koruna, Japanese yen, New Zealand dollar, US dollar, Singapore dollar, etc.。The company offers a variety of deposit and withdrawal methods, some of which are credit / debit cards, bank transfers and e-wallets such as Neteller, Skrill and Fasapay。

Traders can contact one of the company's local offices or its headquarters in the Marshall Islands directly if they have any questions or need help.。In addition, traders can chat with their customer service via email, Facebook, WhatsApp, Viber and live chat.。

Based on the above comments, easyMarkets offers an easy-to-use platform and some unique tools that traders can access anytime, anywhere。In addition, traders do not have to pay additional trading commissions and deposit and withdrawal fees.。Traders registered with easyMarkets can enjoy the EUR / USD pair as low as 0 in the MT4 platform.Spread of 9。

7. FIBO

FIBO is probably one of the best brokers in the market for beginners in cryptocurrency。It has a small spread and no commission, which is very useful for new traders who don't have much money to spend。It uses the MT4 trading platform so traders can clearly see market movements。

You can trade between 9 cryptocurrency CFDs products with 1: 25 leverage, and some of the best cryptocurrencies are Bitcoin, Ethereum, Ethereum Classic, and Litecoin。

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International Financial Holdings, officially known as FIBO Group (Financial Cross-Market Brokerage Online Group), is a brokerage firm that has provided online trading services since 1998.。With a mission to always meet the highest international standards, FIBO is currently regulated by the UK Financial Services Commission, the Virgin Islands and the Cyprus Securities and Exchange Commission (CySEC).。

The company offers different types of trading accounts, with a minimum deposit of $50 for FIBOGroup accounts, except for cent accounts and MT5 NDD.。Note that the MT5 NDD requires a minimum deposit of $1000。Although the MT4 fixed account offers a fixed spread from 2 points, trading in FIBOGroup allows traders to enjoy variable spreads。

Meanwhile, FIBOGroup's average maximum leverage is 1: 400。The only difference between the two types of accounts is the maximum leverage standard: 1: 1000 for cent accounts and 1: 200 for MT4 fixed accounts.。

FIBOGroup provides comprehensive market analysis, including long-term forecasts, economic calendars, interest rates, financial instruments and equities。

The company also has a proprietary PAMM function that allows professional traders to become account managers with a profit-sharing system.。New traders who open an account at FIBO can benefit from PAMM by following their preferred account manager。For this special function, FIBOGroup provides a special function of the manager rating table。

Since its inception in the late 1990s, FIBOGroup has gained global recognition with official branches in Vienna, Limassol, Munich, Shanghai, Kiev, Limassol and Almaty.。Deposit and withdrawal options include wire transfer, credit card, BitPay, Blockchain, Neteller, Skrill, Perfect Money, FasaPay and more。

In summary, FIBO Group is an experienced broker for adventurous traders who like to try a variety of trading conditions: from variable spreads to fixed spreads, from MT4 to cTrader, from low leverage to high leverage, from independent trading to PAMM trading。Their low deposit requirements also suggest that FIBO is open to all types of traders, regardless of the amount of their funds.。

8. RoboForex

RoboForex offers cryptocurrency deposit of at least $10 and invest in cryptocurrency 24 / 7 anywhere in the world and get more than 10 cryptocurrencies。All functions are accessible via MetaTrader 4 and MetaTrader 5。

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RoboForex is known as one of the most committed brokers to the advancement of trading technology, with a wide range of services, from beginners to experienced traders who seek a complex trading environment with similar ECN spreads and execution。Founded in 2009 and headquartered in Belize, RoboForex is registered under the Belize IFSC and successfully attracts customers with a leverage ratio of up to 1: 2000.。

As for services for European traders, RoboForex operates exclusively a different brand called RoboMarkets, which is still a member of the head office (Robo Holding Company) and has an office in Cyprus.。The business is licensed by the Cyprus Securities and Exchange Commission (CySEC)。

RoboForex is committed to being at the forefront of high-tech forex brokers, offering a variety of trading platform options including MetaTrader 4, MetaTrader 5, cTrader, social platforms and its proprietary platforms。

Trading instruments range from currencies to metals, indices, energy, stocks, ETFs and cryptocurrencies。In addition to basic services, RoboForex trading also presents a series of unique features, such as the PAMM system and the social trading network developed under its own brand CopyFX, ETFs and stocks, with thousands of available trading assets, small spreads, and payment methods via Bitcoin and Ethereum.。

In addition to wire transfers and credit cards, RoboForex accepts payments through a surprising online gateway。Alternatives are Skrill, Neteller, FasaPay, UnionPay, WebMoney, Perfect Money, Qiwi and other similar online payments。

After opening an account, traders can start with a minimum deposit as low as $10 in a professional account。To be specific, here is a short description of each type of account a trader can choose in RoboForex:

Pro-Standard

Minimum deposit: $10 Spread: 1.Minimum order quantity from 3: 00: 0.01 Leverage: up to 1: 2000

ECN-Pro

Minimum deposit: $10 Spread: minimum order volume from 0: 0.01 Leverage: up to 1: 300

Prime

Minimum deposit: $5,000 Spread: Minimum order volume from 0: 0.01 Leverage: up to 1: 100

Pro-Cent

Minimum deposit: $10 Spread: 1.Minimum order quantity from 3: 00: 0.1 Leverage: up to 1: 2000

R Trader

Minimum deposit: $100 Spread: 0.Minimum order quantity from $01: 1 inventory lever: up to 1: 200 (during trading hours) and up to 1: 4 (after trading hours)

The R Trader account marks RoboForex's attempt to distinguish between forex and stock trading conditions。The platform used in this particular account appears to be an internal product of RoboForex, designed for online trading of stocks.。

Despite being an offshore regulatory entity, RoboForex is an outstanding broker。RoboForex not only successfully offers a variety of trading techniques, but also focuses on stock trading for more conservative traders.。However, it is also important to note that RoboForex is one of the few brokers that boldly offers extremely high leverage ratios of 1: 2000.。

Conclusion

Right now, cryptocurrencies are on the rise。Despite some risks, many believe that cryptocurrencies seem to have a brighter future。So, more and more people are trying to enter the cryptocurrency market。

Using a cryptocurrency beginner broker seems like a reasonable step for those who are just starting out, especially if they are already familiar with forex trading。These brokers typically charge lower fees, which can reduce the trading budget。Some of them even offer good educational content to broaden your knowledge of cryptocurrencies and cryptocurrency trading。