Best Cryptocurrency Brokers, Exchanges & Platforms in the UK

cryptocurrency brokers and platforms in the ukLooking to trade cryptocurrencies? Then you have to consider using one of the best cryptocurrency brokers in the UK. They offer many benefits compared to other trading and investment software and are available to everyone.

Our team of crypto trading experts has spent well over 150 hours on testing, reviewing, and evaluating all the brokers and have created a list of the top crypto brokers in the UK.

Our List of the Best Cryptocurrency Brokers, Exchanges & Platforms in the UK

  • Best Cryptocurrency platform: Plus500
  • Best Platform With Cryptocurrency Derivatives on Offer: CMC Markets
  • Best Crypto Broker for Beginners: eToro
  • Best Crypto Platform for Automated Trading: AvaTrade
  • Best Crypto Trading Platform for Advanced: Forex.com

Availability subject to regulation.

Which is one of the Best CFD Platforms for Trading Cryptocurrencies in the UK?

Plus500

When you trade with Plus500's app, you will be using the highest-ranked trading app for both Android and iOS.

You will also gain access to some of the world's best mobile trading features and a great selection of asset classes.

What we like

Easy to use mobile software

Competitive spread

Top rated in both app stores

What we don't like

Commission on stock trading

Limited monthly transactions

Only 2,200 assets on offer

Easy to use mobile software

Competitive spread

Top rated in both app stores

Commission on stock trading

Limited monthly transactions

Only 2,200 assets on offer

Features

Fees: 0% commission, except stocks.
Demo Account: Yes
Min Deposit: £100
Assets: 2,000+
License: FCA, CySEC, ASIC, FSCA, MAS

Ratings:
star-full star-full star-full star-full star-half

Rating by our editorial team

16 users gave the score of 4.4/5
Total score:
star-full star-full star-full star-full star-empty

98,675 users gave the score of 4.14/5

76,4% of retail CFD accounts lose money. Plus500 has been named the best CFD provider in the UK, Spain, and Germany by the Investment Trends 2019 Leverage Trading Report in the UK and Spain. In 2018, Plus500 was named the best CFD mobile platform by the Investment Trends 2018 Australia CFD report.

Plus500 is one of the best CFD and Crypto brokers in the industry which is why they qualified for this list.

For the longest time, Plus500 focused on stocks and forex, but in 2017 they also jumped on the cryptocurrency bandwagon.

Thanks to their industry leading platform, excellent features and accounts, and over-all incredible trading experience, Plus500 is one of the best CFD brokers on the planet.

Availability subject to regulation.

Which is the Best Platform With Cryptocurrency Derivatives on Offer in the UK?

CMC Markets

CMC Markets is a global trading service based in the UK but with customers and offices all around the globe.

A combination of great trading tools, tons of assets, and long experience in the industry make CMC Markets an excellent choice for most traders.

What we like

Huge selection of assets

Well-established broker

Top-notch trading platform

What we don't like

Complicated registration

High spread on stocks

Fees on many transactions

Huge selection of assets

Well-established broker

Top-notch trading platform

Complicated registration

High spread on stocks

Fees on many transactions

Features

Fees: 0 commission on FX and CFDs
Demo Account: Yes
Min Deposit: Zero
Assets: 10,000+
License: CySEC, FCA, ASIC

Ratings:
star-full star-full star-full star-full star-empty

Rating by our editorial team

5 users gave the score of 4.6/5
Total score:
star-full star-full star-full star-full star-empty

3,317 users gave the score of 3.96/5

Between 73-89% of retail investor accounts lose money when trading CFDs.

CMC Markets allows all their customers to benefit from the highly-volatile cryptocurrency market. With a total of 12 cryptocurrencies that are traded against the USD, you can apply your derivatives trading skills to the world’s newest market.

This broker does not have a wallet and all cryptocurrency trading is done using derivatives similar to trading stocks as CFDs.

In addition, you can trade cryptos using CMC Markets with the two desktop platforms or the incredible mobile trading software.

Not sure which platform or broker will suit you better? Register a CMC Markets demo account today and test it out for yourself.

Which is the Best Crypto Broker for Beginners? 

eToro

No online broker does copy trading like eToro.

You can choose to trade on your own or copy other traders, and the social trading network is the perfect place to share experiences and learn new skills from other traders from all over the world.

What we like

Copy trading for convenience.

Fantastic app that runs smoothly on Android and iOS.

What we don't like

Commission of CFD stocks.

High minimum deposit

Copy trading for convenience.

Fantastic app that runs smoothly on Android and iOS.

Commission of CFD stocks.

High minimum deposit

Features

Fees: 0% commission on stocks, although not on stock CFDs.
Demo Account: Yes
Min Deposit: £200
Assets: Hundreds of stocks.
Deposit Options: Credit/Debit Cards, Skrill, Neteller, PayPal, Wire, Rapid Transfer
License: FCA, CySEC, ASIC

Ratings:
star-full star-full star-full star-full star-full

Rating by our editorial team

14 users gave the score of 4.6/5
Total score:
star-full star-full star-full star-full star-empty

86,449 users gave the score of 3.98/5

67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

eToro is the one broker that is really trying to keep up with IQ Option when it comes to cryptocurrency trading.

They offer a great selection of exciting cryptocurrencies as well as unique features such as copy trading and a social network.

They also happen to be one of the best trading platforms UK in general.

eToro is also working on launching their own cryptocurrency exchange sometime during 2018.

Which is the Best Crypto Platform for Automated Trading in the UK?

AvaTrade

AvaTrade represents the top tier of online brokers.

With a combination of their own software and third-party platforms, you'll gain access to some of the best trading services and features.

What we like

Easily integrated trading robots

Commission-free trading

What we don't like

A limited selection of assets

Rather high spread on certain assets

Easily integrated trading robots

Commission-free trading

A limited selection of assets

Rather high spread on certain assets

Features

Fees: 0% commission but spread on each trade
Demo Account: Yes
Min Deposit: £100
Deposit Options: Debit & Credit Cards, Skrill, Neteller, Webmoney
Assets: 1,000 assets
License: Central Bank of Ireland, ASIC, FSCA, FSA

Ratings:
star-full star-full star-full star-full star-half

Rating by our editorial team

4 users gave the score of 4.8/5
Total score:
star-full star-full star-full star-full star-half

9,373 users gave the score of 4.52/5

Between 73-89% of retail investor accounts lose money when trading CFDs.

AvaTrade has been spearheading the online crypto trading market for quite some time.

With a solid selection of the most popular cryptocurrencies as well as great platforms, both on desktop and mobile, this broker is an excellent choice for anyone wanting to speculate on the digital currency market.

Sign up with an AvaTrade account to gain access to 8 cryptocurrencies including EOS and Bitcoin Gold, which most brokers do not offer at the moment.

In our opinion, AvaTrade is best experienced through their trading apps but it’s up to you, trading cryptos with MT4 and AvaTrade is also a great experience.

Which is the Best Crypto Trading Platform for Advanced in the UK? 

Forex.com

Forex.com is a top forex broker with a great reputation, 80+ currency pairs, and a selection of trading platforms suitable for any and every trader.

Even though this broker offers other assets as well – mainly CFDs – what sets them apart from their competitors is their fantastic forex trading service.

What we like

Offers MT4 and an Advanced Platform

Unparalleled forex service

What we don't like

Poor selection of CFDs

Long processing times for certain withdrawals

Offers MT4 and an Advanced Platform

Unparalleled forex service

Poor selection of CFDs

Long processing times for certain withdrawals

Features

Fees: Commission-free forex trading
Demo Account: Yes
Min. Deposit: $100
Assets: 300 assets, including 80+ FX pairs.
License: FCA, CySEC, etc.

Ratings:
star-full star-full star-full star-full star-empty

Rating by our editorial team

3 users gave the score of 4.7/5
Total score:
star-full star-full star-full star-empty star-empty

1,607 users gave the score of 3.1/5

Between 73-89% of retail investor accounts lose money when trading CFDs.

Forex.com does not have the biggest selection of cryptocurrencies on the market but they do have two of the best platforms as well as a reputation of belonging to the best of the best.

There are currently 8 cryptocurrencies offered on Forex.com’s platforms and you have the option of quickly choosing between going short or long since. Although, right now you can only go short on BTC and ETH.

Better yet, Forex.com has incredibly fair spread on cryptocurrency trading, meaning you don’t have to pay as much to trade as you would with other broker and exchanges.

Moreover, Forex.com is owned by the massive American financial firm called Gain Capital that also operates City Index.

Trading Guide Cryptocurrency Trading Platforms UK

Cryptocurrency Trading UK is something most platforms offer today. The platforms listed above are all great trading platforms for cryptocurrencies, however, here at BullMarketz, we have reviewed and listed a lot of different brokers.

Most of them offer crypto but also other assets.

Below is a list of the best trading platforms available in the United Kingdom.

Trade Cryptocurrency UK:

  • All of our recommended brokers in the UK have a license from the FCA or the CySEC which means they are able to operate in the UK. Both agencies are very strict and getting a license from them is not easy, and therefore you can trust the companies that have gone through the process.
  • Most brokers offer between 3 and 10 cryptocurrencies, eToro and IQ Option are two of the brokers that offer the most cryptocurrencies. Bitcoin, Ethereum, XRP, and Litecoin are almost always offered.
  • CFD trading on cryptocurrencies is a simple way to buy and sell crypto without unnecessary hassle. Though you need to be aware there will be some costs, as always, fees are a necessary evil.

While there are many brokers who offer cryptocurrencies, the 5 brokers listed on this page are our top picks.

We recommend that you check these brokers out if you are interested in trading cryptocurrencies, but first a little background information on the cryptocurrency market.

How to Choose Bitcoin Trading Brokers?

The brokers we are listing here are offering Bitcoin, Ethereum, XRP, EOS, Litecoin, Bitcoin Cash and usually even more cryptocurrencies. Though we recommend that you check out each broker individually.

Most brokers are offering the 5-10 biggest cryptos, however some brokers, like eToro and IQ Option, are offering much more than that.

Which cryptocurrencies do you want to trade?

Make sure the broker you are looking at is offering those. This you can learn either from our reviews or by visiting the brokers directly.

Pros and Cons of Crypto Trading

In 2009, Bitcoin became the first official cryptocurrency to be launched, making the cryptocurrency market one of the youngest financial markets in the world. Yet, the market has grown tremendously in popularity over the past 10 years and today, there are thousands of assets available.

Originally, cryptocurrencies were traded using exchanges and wallets where the investor bought the actual asset. This type of investment is still available and popular today, however, more and more traders are opting to trade cryptos as derivatives.

In 2013, the forex and CFD broker Plus500 became the first broker to start offering a CFD on Bitcoin, effectively creating a brand new market. Not long after, other brokers started following suit and nowadays, most top CFD brokers offer CFDs on bitcoin and several other cryptocurrencies.

Is Cryptocurrency Trading Safe?

That is a very good question with a slightly complex answer. Generally speaking, cryptocurrency trading is safe as long as you know what you’re doing and only use regulated brokers. In case you don’t use a regulated broker, chances are that you will get ripped off and even have your funds stolen.

Therefore, we advise you to only use brokers that have been recommended by us since they are all regulated and licensed by the UK’s leading financial regulatory bodies. We talk more about cryptocurrency trading regulation further down.

With that being said, all forms of trading are associated with certain risks, mainly the risk of placing bad trades and losing your invested funds. This is the reality and a risk that we all have to accept when we start trading. Although, by learning how to trade, using a good and tested strategy, and continuously improving your knowledge, you can limit this risk.

Keep in mind that even the best cryptocurrency day traders that make a living from trading lose money at times and that there is no guarantee that will protect you from the occasional loss. Also, you will likely be losing more than you gain when you first get started so you need to be patient.

What Is the Main Difference Between Buying and Trading Crypto?

One of the biggest differences is that when you buy Bitcoin or any other cryptocurrency with an exchange you will actually own that cryptocurrency and you also have to store it somewhere safe.

When you trade with a broker, you do so through CFDs, and you don’t actually own the cryptocurrency. Instead, you enter into a contract with the broker.

The contract will state how much the currency is worth at that time, and once you sell it your profit is determined by the spread. We would argue that it is less hassle to trade a cryptocurrency than to buy it and store it.

Another key benefit of trading is that the brokers you will be trading with are regulated by the FCA and thus safe to trade with compared to exchanges that, in some cases, are unsafe and unreliable. Every week there is a new exchange hack, and they get worse and worse each time.

Cryptocurrency Exchanges in UK

What about cryptocurrency exchanges and wallets? Well, this guide wouldn’t be complete without us mentioning cryptocurrency exchanges and wallets.

Even though we always recommend that you trade your cryptos using an online broker, there are some limitations to that. For example, in case you want to buy the cryptocurrencies as an investment or use them as currencies, as they were originally intended to be used, you can’t use a broker.

Unlike a cryptocurrency broker, an exchange allows you to buy any cryptocurrency you want to either keep as an investment, trade with other instruments, or store and use as a form of payment. Below, we have listed the best cryptocurrency exchanges in the industry for your convenience.

Note: In case you’re planning on storing your cryptocurrencies for a longer period of time, cryptocurrency exchanges aren’t optimal. Instead, you need to store them and your private keys in a safe wallet or preferably a cold storage (offline wallet) such as the Trezor.

Licensed and Regulated trading platforms

Again, and just to round off this article about crypto trading platforms UK and exchanges.

We like the idea of both, though we prefer and recommend using a licensed broker. We generally recommend our users to stay away from unregulated exchanges and brokers.

Note: Don’t hesitate to leave a comment below in case you have any questions regarding trading apps, safety, day trading, investments, financial systems, or anything else that might come to mind while spending time on our website. We promise to answer you as soon as possible.

 

Trading Platforms, Brokers & Apps That We Tested:

  • eToro
  • Markets.com
  • 24Option
  • IQ Option
  • BDSwiss
  • HotForex
  • Trade.com
  • Libertex
  • Plus500
  • XTB
  • InstaForex
  • IG Markets
  • GKFX
  • LionsFX
  • Valutrades
  • XM
  • IronFX
  • Blackwellglobal
  • FPMarkets
  • AmanaCapital
  • Admiralmarkets
  • Alvexo
  • Bizintra
  • Pepperstone
  • Windsorbrokers
  • FXPro
  • ForexTime
  • HYCM
  • FXGrow
  • TeleTrade
  • Trader.online
  • Marketscube
  • Finmaxbo
  • FXCC
  • Oanda
  • Forex.com
  • LCG
  • CMC Markets
  • FXCM
  • iForex
  • IFC Markets
  • Aaatrade

Is Trading Allowed In My Country?

CFD Regulation Country by Country. The CFD trading services we are listing in this article are available in the following countries.

Europe:

  • Albania
  • Bosnia & Herzegovina
  • Bulgaria
  • Croatia
  • Czech Republic
  • Denmark
  • Estonia
  • Finland
  • France
  • Germany
  • Greece
  • Hungary
  • Iceland
  • Ireland
  • Italy
  • Kosovo
  • Latvia
  • Lithuania
  • Macedonia
  • Malta
  • Moldova
  • Montenegro
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Romania
  • Russia
  • Serbia
  • Slovenia
  • Spain
  • Sweden
  • Switzerland
  • Turkey
  • Ukraine
  • United Kingdom

Excluded: Belgium

North America

  • Belize
  • Canada
  • Costa Rica
  • Cuba
  • Guatemala
  • Honduras
  • Jamaica
  • Mexico
  • Nicaragua
  • Panama
  • Puerto Rico
  • The Bahamas

Excluded: United States

South America

  • Argentina
  • Bolivia
  • Chile
  • Colombia
  • Dominican Republic
  • Ecuador
  • Guyana
  • Paraguay
  • Peru
  • Suriname
  • Uruguay
  • Venezuela

Excluded: Brazil

Africa

  • Algeria
  • Angola
  • Benin
  • Botswana
  • Burkina Faso
  • Burundi
  • Cameroon
  • Central African Republic
  • Chad
  • Democratic Republic of Congo
  • Egypt
  • Eritrea
  • Ethiopia
  • Gabon
  • Ghana
  • Guinea
  • Guinea-Bissau
  • Kenya
  • Lesotho
  • Liberia
  • Libya
  • Madagascar
  • Malawi
  • Mali
  • Mauritania
  • Morocco
  • Mozambique
  • Namibia
  • Niger
  • Nigeria
  • Republic of the Congo
  • Rwanda
  • Sierra Leone
  • Somalia
  • South Africa
  • South Sudan
  • Sudan
  • Swaziland
  • Tanzania
  • The Ivory Coast
  • Togo
  • Tunisia
  • Tunisia
  • Uganda
  • Western Sahara
  • Zambia
  • Zimbabwe

Middle East

  • Georgia
  • Armenia
  • Azerbaijan
  • Iran
  • Iraq
  • Syria
  • Lebanon
  • Cyprus
  • Israel
  • Jordan
  • Saudi Arabia
  • Kuwait
  • Bahrain
  • Qatar
  • United Arab Emirates
  • Oman
  • Yemen

Asia

  • Afghanistan
  • Bangladesh
  • Cambodia
  • China
  • China
  • India
  • Indonesia
  • Japan
  • Kazakstan
  • Kirgizistan
  • Laos
  • Malaysia
  • Mongolia
  • Myanmar
  • North Korea
  • Pakistan
  • Papua New Guinea
  • Philippines
  • Singapore
  • South Korea
  • Sri Lanka
  • Thailand
  • Turkmenistan
  • Uzbekistan
  • Vietnam

Excluded: Hong Kong

Oceania:

Our Author:

Our editorAdam Jarfjord is a Swedish day trader, investor, and copywriter. He works as head of content at BullMarketz.com and has been providing editorial content within the financial sector for more than 5 years.

Read more about him by visiting his LinkedIn profile or contact us directly to learn more about the team.

COMMENTS

WORDPRESS: 7
  • comment-avatar
    roger88 2 years ago

    So I have been considering investing in cryptos for a long time however I am not sure how to do it. It is all quite confusing to me.. Why is Plus500 better than a crypto exchange? Or is it the other way around?

    • comment-avatar

      This is very dependant on what your goal is, an exchange might be the best option if you are looking to HODL, and hold cryptos for a long time. While a broker is superior when it comes to day trading cryptocurrencies.

  • comment-avatar

    I am interested in investing in cryptocurrencies long term. What broker is the best?

    • comment-avatar

      Hey Jod,

      If you are looking to invest in crypto for the long haul we suggest that you use an exchange rather than a broker. A broker is best to use when it comes to day trading cryptocurrencies. Invest long term then you are better off with an exchange, there will be a little bit more fees upfront but fewer fees long term.

      // BM

  • comment-avatar
    Crypto broker vs Crypto exchange? 2 years ago

    Broker vs. Exchange?

  • comment-avatar
    Vitya 2 years ago

    It seems that most of these platforms have a very limited amount of crypto available.. not very suitable for those that want to trade on lesser-known coins.