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Best Ethereum Brokers of 2024

BrokerNotes.co

Written by BrokerNotes.co

March 14, 2024

What is Ethereum?

Ethereum is an online platform that enables users to exchange blockchains. It was developed by developer Vitalik Buterin. One useful way to understand how Ethereum works is to compare it to Bitcoin, which in many ways is much simpler. Bitcoin users exchange bitcoins and blockchains are used to track the ownership of specific bitcoins: this constitutes a form of currency. Ethereum has potentially wider applications as it focuses mainly on running code. Nevertheless, Ethereum is primarily used as a form of digital currency - an alternative to Bitcoin. This currency is sometimes just known as "Ether" and those who exchange this currency are known (as with Bitcoin) as "miners". Ether and Bitcoin are both cryptocurrencies. Ethereum can be used as payment for goods and services, or to pay for using features of the Ethereum site itself. It can also be traded. It can be bought via a bank transfer or PayPal.

Best Forex Brokers for Trading Ethereum

Here are the forex brokers for trading ethereum.

  • eToro - 8.8/10 Overall
  • Swissquote - 8.8/10 Overall
  • Capital.com - 8.7/10 Overall
  • Interactive Brokers
    - 9.9/10 Overall
  • Eightcap - 7.5/10 Overall
  • XTB - 9.1/10 Overall
  • Saxo - 9.7/10 Overall
  • ActivTrades - 7.7/10 Overall
  • ACY Securities - 7.4/10 Overall
eToro
star 8.8/10 Overall
Minimum Deposit$50-$10,000
Tier-1 Licenses3
Tradeable Symbols (Total)5461

Best known for its copy trading platform suite, eToro is a highly trusted broker offering a large selection of cryptocurrency products, CFDs, shares, forex pairs, and a wide range of powerful trading tools. It’s worth noting that eToro is not a discount broker (though it offers zero-dollar commissions for U.S. stocks). Read full review

Apple iOS AppYes
Android AppNo
Proprietary PlatformYes
Desktop Platform (Windows)No
Web PlatformYes
MetaTrader 4 (MT4)No
MetaTrader 5 (MT5)No
Swissquote
star 8.8/10 Overall
Minimum Deposit$1000
Tier-1 Licenses5
Tradeable Symbols (Total)472

Swissquote delivers a balanced offering of easy-to-use proprietary trading platforms and popular third-party platforms like MetaTrader and TradingView. Swissquote also offers a staggering 3 million financial products. It’s worth noting that Swissquote's pricing is more expensive than what you'd find with low-cost forex brokers. Read full review

Apple iOS AppYes
Android AppNo
Proprietary PlatformYes
Desktop Platform (Windows)Yes
Web PlatformYes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes
Capital.com
star 8.7/10 Overall
Minimum Deposit$20 info
Tier-1 Licenses3
Tradeable Symbols (Total)3007

Capital.com delivers an innovative trading platform, powerful market research, and an impressive range of educational content. Capital.com also offers a growing number of tradeable markets, and the broker's competitive pricing puts it in the same category as the best low-cost forex brokers. Read full review

Apple iOS AppYes
Android AppNo
Proprietary PlatformYes
Desktop Platform (Windows)Yes
Web PlatformYes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)No
Interactive Brokers
star 9.9/10 Overall
Minimum Deposit$0
Tier-1 Licenses9
Tradeable Symbols (Total)8500

Interactive Brokers is a highly trusted broker regulated across the globe that delivers access to over 100 markets, including forex and CFDs. Its Trader Workstation (TWS) platform offers a variety of advanced trading tools for experienced traders, and IBKR's web-based platform is great for beginner forex traders. Read full review

Apple iOS AppYes
Android AppNo
Proprietary PlatformYes
Desktop Platform (Windows)Yes
Web PlatformYes
MetaTrader 4 (MT4)No
MetaTrader 5 (MT5)No
Eightcap
star 7.5/10 Overall
Minimum Deposit$100
Tier-1 Licenses3
Tradeable Symbols (Total)736

Eightcap offers an impressive range of cryptocurrency CFDs (though these are not available to traders in the U.K.). Eightcap doesn't offer any proprietary trading platforms, but does provide the full MetaTrader platform suite as well as several plugins and third-party tools like TradingView and Capitalise.ai. Read full review

Apple iOS AppYes
Android AppNo
Proprietary PlatformNo
Desktop Platform (Windows)Yes
Web PlatformYes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes
XTB
star 9.1/10 Overall
Minimum Deposit$0 info
Tier-1 Licenses2
Tradeable Symbols (Total)6200

XTB is a highly trusted brand with a proprietary platform (xStation 5) that delivers a rich selection of trading tools. XTB also offers CFDs for a wide range of asset classes, including multiple cryptocurrencies. Beginners will appreciate XTB's excellent educational content and the hundreds of lessons that are available via its Trading Academy. Read full review

Apple iOS AppYes
Android AppNo
Proprietary PlatformYes
Desktop Platform (Windows)Yes
Web PlatformYes
MetaTrader 4 (MT4)No
MetaTrader 5 (MT5)No
Saxo
star 9.7/10 Overall
Minimum Deposit$0
Tier-1 Licenses7
Tradeable Symbols (Total)70000

Saxo is a highly trusted broker that operates multiple banks and is regulated across the globe. Saxo delivers an incredible cross-platform experience alongside powerful research and a vast selection of more than 60,000 symbols across multiple asset classes. It’s worth noting that minimum deposits at Saxo are steep. Read full review

Apple iOS AppYes
Android AppNo
Proprietary PlatformYes
Desktop Platform (Windows)Yes
Web PlatformYes
MetaTrader 4 (MT4)No
MetaTrader 5 (MT5)No
ActivTrades
star 7.7/10 Overall
Minimum Deposit0
Tier-1 Licenses2
Tradeable Symbols (Total)1267

Apple iOS AppYes
Android AppNo
Proprietary PlatformYes
Desktop Platform (Windows)Yes
Web PlatformYes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes
ACY Securities
star 7.4/10 Overall
Minimum Deposit$50
Tier-1 Licenses1
Tradeable Symbols (Total)2200

ACY Securities offers the full MetaTrader suite (including MetaTrader 5) as well as a decent range of CFD markets and a balanced account offering. That said, ACY's market research and educational content have room for improvement, and the spreads available within the broker's standard account are a bit higher than average. Read full review

Apple iOS AppYes
Android AppNo
Proprietary PlatformNo
Desktop Platform (Windows)Yes
Web PlatformYes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Advantages of trading Ethereum with a regulated online broker

When trading any instrument it is always advisable to trade with a regulated broker. One key reason for this is the fact that regulated brokers provide a degree of client fund protection. A recent catastrophic event demonstrated that a regulated broker is the better option when it comes to trading cryptocurrencies. In February 2014, Mt Gox - which up until that point had been the largest Bitcoin exchange in the world - was the victim of a digital heist. As a result, 850, 000 Bitcoins were stolen from Mt Gox. 90% of these Bitcoins belonged to M Gox"s customers. The total losses equalled $473m, i.e. around GBP 365, 865, 500. Hedge fund managers in the know pulled out of any dealings with Mt Gox and the company swiftly declared bankruptcy. In the subsequent months, around 24, 000 former Mt Gox customers claimed for compensation. Mt Gox, however, did not provide client fund protection, and as only 202, 000 Bitcoins have been recovered from the thieves, it is likely that many of these Bitcoin users will never get their money back.

The moral of the story? Protect your funds when trading instruments such as Bitcoin and Ethereum by trading with regulated brokers such as AvaTrade. A regulated broker like AvaTrade also offers other advantages, too, such as a simple sign up process and the ability to trade other instruments as well as Ethereum, like Bitcoin and other currencies, stocks, commodities and indices.

The fundamental influences of Ethereum

Ethereum is growing in influence, and this growth has been aided by the fact that several powerful multinationals have adopted Ethereum as a currency option. Companies such as Microsoft, Intel and JPMorgan formed a "blockchain alliance" in 2017. On May 9th 2017, the phrase "buy Ethereum" started to trend on Google, demonstrating that there has been a huge surge in popular interest in this cryptocurrency in 2017 especially. This is also the year that the Enterprise Ethereum Alliance was announced - a group of academic entities and corporations aiming to focus on the further development of Ethereum. As of 23 May 2017, Ethereum was priced at $162.59 representing a 2009.76% increase for the year since opening at $8.07 on the 1st of January 2017.

Ethereum Quick facts:

  • Year Ethereum started: 2014
  • Price at start: at the pre-launch purchase phase in 2014, Ethereum was exchanged for Bitcoins. 1 Bitcoin bought 2000 Ethereum, which works out as an exchange rate of 1 Ethereum equalling GBP 0.23 GBP. This was described as a "sale", and the value of Ethereum rose steadily following the initial 42 days after its release.
  • Highest price to date and what day: on May 22nd, 2017 Ethereum hit a high of $186.96.
  • Volume of Ethereum exchanged (daily): GBP 85,254,558.3
  • First broker to accept Ethereum for deposit/withdrawals:FXOpen
  • Top social trading broker to include Ethereum as a trading instrument: eToro

Want to trade other cryptocurrencies? You can read more cryptocurrency broker comparisons here:

BrokerNotes.co 2024 Overall Rankings

To recap, here are our top forex brokers for 2024, sorted by Overall ranking.

Company Overall Rating Minimum Deposit Average Spread EUR/USD - Standard Trust Score Tradeable Symbols (Total) Read Review Visit Site
eToro logoeToro
8.8 $50-$10,000 1 info 93 5461 eToro Review
Swissquote logoSwissquote
8.8 $1000 N/A info 99 472 Swissquote Review
Capital.com logoCapital.com
8.7 $20 info 0.67 info 87 3007 Capital.com Review
Interactive Brokers logoInteractive Brokers
9.9 $0 0.63 info 99 8500 Interactive Brokers Review
Eightcap logoEightcap
7.5 $100 1.0 info 85 736 Eightcap Review
XTB logoXTB
9.1 $0 info 1.00 info 96 6200 XTB Group Review
Saxo logoSaxo
9.7 $0 1.1 info 99 70000 Saxo Review
IG logoIG
9.9 £250.00 0.98 info 99 19537 IG Review
CMC Markets logoCMC Markets
9.6 $0 0.61 info 99 11925 CMC Markets Review
FOREX.com logoFOREX.com
9.4 $100 1.4 info 99 5500 FOREX.com Review
Charles Schwab logoCharles Schwab
9.3 $0 1.25 info 99 40000 Charles Schwab Review
City Index logoCity Index
9.3 £100.00 1.4 info 99 13500 City Index Review
AvaTrade logoAvaTrade
8.7 $100 0.93 info 94 1260 AvaTrade Review
Plus500 logoPlus500
8.6 €100 1.5 info 99 5500 info Plus500 Review
FXCM logoFXCM
8.5 Starts from $50 0.78 info 95 440 FXCM Review
OANDA logoOANDA
8.5 $0 1.61 info 93 3928 info OANDA Review
Pepperstone logoPepperstone
8.4 $0 1.10 info 95 1726 Pepperstone Review
XM Group logoXM Group
8.4 $5 1.6 info 88 1394 XM Group Review
Admirals logoAdmirals
8.5 $100 0.8 info 93 8702 Admiral Markets Review
FP Markets logoFP Markets
8.3 $100 AUD 1.1 info 87 10000 FP Markets Review
Tickmill logoTickmill
8.1 $100 0.51 info 86 725 Tickmill Review
IC Markets logoIC Markets
8.1 $200 0.62 info 84 3583 IC Markets Review
FxPro logoFxPro
8.1 $100 1.51 info 90 2249 FxPro Review
Markets.com logoMarkets.com
8.1 $100 1.9 info 93 2179 Markets.com Review
FinecoBank logoFinecoBank
8.0 $0 N/A info 94 9770 Fineco Bank Review
BlackBull Markets logoBlackBull Markets
8.0 $0 0.76 info 78 26000 BlackBull Markets Review
Vantage logoVantage
8.0 $50 1.30 info 90 1000 Vantage Review
ThinkMarkets logoThinkMarkets
7.8 $0 info 1.1 info 92 4000 ThinkMarkets Review
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
7.9 $20 1.2 info 86 1199 HYCM Review
HFM logoHFM
7.9 $0 1.2 info 86 500 HFM Review
DooPrime logoDooPrime
7.8 $100 N/A info 83 10000 DooPrime Review
Questrade logoQuestrade
$250 N/A 86 641
ActivTrades logoActivTrades
7.7 0 0.98 info 81 1267
Trading 212 logoTrading 212
7.7 €10 1.9 info 79 8025 Trading 212 Review
BDSwiss logoBDSwiss
7.7 $10-$5000 info 1.6 info 76 1081 BDSwiss Review
Trade Nation logoTrade Nation
7.6 $0 0.6 85 1000 Trade Nation Review
TMGM logoTMGM
7.6 $100 N/A info 83 12000 TMGM Review
Moneta Markets logoMoneta Markets
7.5 $50 1.38 info 72 1016 Moneta Markets Review
Spreadex logoSpreadex
7.2 $0 0.81 info 71 10000 Spreadex Review
Exness logoExness
7.0 $10 info N/A 81 227 Exness Review
ACY Securities logoACY Securities
7.4 $50 1.2 info 75 2200 ACY Securities Review
easyMarkets logoeasyMarkets
7.3 $50 0.8 info 80 230 easyMarkets Review
RoboForex logoRoboForex
7.3 $100 1.3 info 73 8400 Roboforex (RoboMarkets) Review
VT Markets logoVT Markets
7.3 $100 1.2 info 70 1000 VT Markets Review
Octa logoOcta
7.2 $25 0.9 info 70 277 OctaFX Review
IronFX logoIronFX
7.2 $50 1.2 83 340 IronFX Review
IFC Markets logoIFC Markets
7.2 $1 1.44 info 67 630 IFC Markets Review
Trade360 logoTrade360
7.2 $250 N/A info 76 1062 Trade360 Review
Axi logoAxi
7.1 $0 N/A info 81 175 Axitrader Review
TeleTrade logoTeleTrade
7.1 $100 N/A 71 500 Teletrade Review
iFOREX logoiFOREX
7.0 $100 N/A 75 750 iFOREX Review
FXOpen logoFXOpen
7 $100 N/A info 76 87 FXOpen Review
Xtrade logoXtrade
6.5 $250 N/A info 74 482 Xtrade Review
FXPrimus logoFXPrimus
7.0 $100 N/A info 71 140 FXPrimus Review
Forex4you logoForex4you
6.9 $0 N/A info 61 150 Forex4you Review
GBE brokers logoGBE brokers
6.8 $500 N/A info 71 500 GBE Brokers Review
Alpari logoAlpari
6.8 $20 N/A info 68 105 Alpari Review
MultiBank logoMultiBank
7.5 $50 N/A 84 1042 MultiBank Review
TopFX logoTopFX
6.7 Depends on payment method 1.03 info 67 655 TopFX Review
Libertex (Forex Club) logoLibertex (Forex Club)
6.7 $10 N/A info 73 300 Libertex Review
LegacyFX logoLegacyFX
6.7 $500 N/A 67 425 LegacyFX Review
FXGT.com logoFXGT.com
6.6 $5 N/A 69 117 FXGT Review
ATFX logoATFX
6.5 $500 N/A info 85 150 ATFX Review

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Methodology

At BrokerNotes.co, our data-driven online broker reviews are based on our extensive testing of brokers, platforms, products, technologies, and third-party trading tools. Our product testing extends to the quality and availability of educational content, market research resources, and the accessibility and capabilities of mobile platforms and trading apps. We also dive into each broker’s trading costs, such as VIP rebates, inactivity fees, custody fees, bid/ask spreads, and other fee-based data points.

Steven Hatzakis, an industry veteran with decades of experience in the forex market, leads the BrokerNotes research team. All BrokerNotes content is researched, fact-checked, and edited by the research team.

All websites and web-based platforms are tested using the latest version of the Google Chrome browser. Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go. We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14.

Note: The online brokers on our site provide the ability to trade forex in one or more ways, such as non-deliverable spot forex (i.e., rolling spot contracts), contracts for difference (CFD), or other derivatives such as futures. The availability of specific markets or features will depend on your country of residence and the broker's applicable brand or entity that services your account(s).

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We use proprietary AI technology to assist in some aspects of our content production. However, our scores, ratings, and rankings of online brokers are based on our in-depth product testing and thousands of hand-collected data points. Learn more about our AI Policy and How We Test.

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There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Learn more about foreign exchange risk.

About the Editorial Team

BrokerNotes.co
BrokerNotes.co

BrokerNotes.co provides unbiased forex broker reviews and ratings to help traders and investors find the best broker for their needs. All content is researched, fact-checked, and edited by our research team and all ratings and rankings are based on the team’s in-depth product testing.

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