In the recent times, the popularity of cryptocurrencies has seen a steep increase. The Bitcoin’s price has more than tripled last year. The prices of other altcoins have also registered tremendous growth. Ethereum grew by over 1,000 percent. The price of Ethereum has risen from just $10 at the start of this year to the current level of $100. Meanwhile, DASH’s market capitalization grew by 750 percent. The price of DASH grew from $12 to as much as $91.5 and that of Ripple (XRP) zoomed by an astonishing 3,600 percent to 36 cents from 1 cent in January.
The growth in the popularity of digital currencies is due to the increased public interest in a decentralized economy. The recent political and financial developments have also contributed to the heightened interest in digital currencies. This has encouraged the forex and CFD brokers to join the bandwagon and offer cryptocurrencies for trading. The first retail forex broker to offer trades in Ethereum was FXOpen.
Top Trusted Forex Brokers Offering Ethereum Trades
| Broker | Info | Bonus | Open Account |
|---|---|---|---|
 | Min Deposit: $5 Spread: From 0.2 Pips Leverage: 1000:1 Regulation: Mwali International Services Authority | 50% Deposit Bonus, Copy trading, Trade&Win. | Visit Broker |
 | Min Deposit: 0 Spread: Non-Spread, Fee 0.1% Per Trade Leverage: Non-Leverage Regulation: - | Visit Broker | |
 | Min Deposit: $0 Spread: Starting 0 Pips Leverage: 500:1 Regulation: ASIC, FCA, DFSA, The Financial Commission | Visit Broker | |
 | Min Deposit: $100 Spread: Starting 0 Pips Leverage: 500:1 Regulation: ASIC, CySEC, FSCA, FSA, FSC | Visit Broker | |
 | Min Deposit: $300 Spread: floating, from 0 pips Leverage: 500:1 Regulation: FCA UK reference number 579202 | Visit Broker | |
 | Min Deposit: $5 Spread: Starting 0.1 pips Leverage: up to 1000:1 Regulation: MFSA, Labuan FSA, BVI FSC, VFSC | Visit Broker | |
  | Min Deposit: $200 Spread: From 3 Pips Leverage: 400:1 Regulation: NFA, FCA, CySec | Visit Broker | |
 | Min Deposit: €100 Spread: The Spread can be as low as 0.01%” (0.01% = spread for EUR/USD) Leverage: 1:294 Regulation: ASIC, CySEC, FCA (UK) | Visit Broker | |
 | Min Deposit: $100 Spread: Starting From 0.9 pips Leverage: 400:1 Regulation: MIFID, FSB & ASIC | Visit Broker | |
 | Min Deposit: $1 Spread: Fixed Spread From 3 Pips Leverage: Up to 1:1000 Regulation: BVI FSC | 30% Forex Deposit bonus | Visit Broker |
What is Ethereum ?
Ethereum is a decentralized applications platform. Invented by Vitalik Buterin, Ethereum was announced in 2014 as an alternate blockchain-based system with superior tools for global developers. The beta version of Ethereum was launched in July 2015 and in the production version innovation in 2016 introduced Turing-complete smart contracts. These applications take into account if-then scenarios when executing specific terms of agreements.
The Ethereum blockchain’s value token is referred to as Ether and is listed as ETH for trading on cryptocurrency exchanges. Ether’s design is such that it does not function as a global digital currency. It is used for making payments for specified actions that happen on the Ethereum network. Users may receive it if they use their computing power for validating transactions and contribute to its development.
Currently, the exchanges and infrastructure that have been developed for Bitcoin network support the Ether’s market. While the value of Bitcoin grew as more people participated in the network, Ethereum’s development took place under different circumstances.
Market participants can purchase and sell Ether with fiat currency and/or Bitcoin. Such transactions can be executed through various exchanges, as a number of organizations are currently offering these trades. The Ethereum platform is still in its infancy. As a result, Ether has been experiencing sharp fluctuations in price.
Some people might think that trading in Ether is not very attractive because of its price volatility. However, the price gyrations do present traders with a lot of opportunities. Sharp volatility in the digital currency’s price allows traders to speculate on its price levels in the future so as to make an attempt to earn a profit. Some others, on the other hand, make use of Ether to hedge their Bitcoin trades.
Having said this, here are some of the best forex brokers that offer Ethereum trading:
#1: FXOpen UK
In 2013, FXOpen, based in London, launched its online trading platform. The company is regulated by the Financial Conduct Authority in the UK. FXOpen UK is the registered trading name of FXOpen Ltd, which is part of the FXOpen Group. In May last year, the UK-based forex broker introduced trading in the digital currency Ethereum. The broker added two new currency pairs ETH/BTC and ETH/USD.
Broker Type – ECN/STP
Regulation – Australian Securities and Investments Commission (ASIC), Financial Conduct Authority (FCA), UK
Platforms – Three versions of MT4
Minimum Deposit – $300
Deposit Options – Bank Wire Transfer, Credit/Debit Cards, WebMoney, Neteller, Skrill, Payza
Maximum Leverage – 500:1
Minimum Lot Size – 0.01
Spreads – Variable
Lowest Spreads for EUR/USD – Starts from 0 pips
#2: Avatrade
AvaTrade, a pioneer in the field of online forex trading from 2006 onwards, provides great online trading experience to retail traders. Within a short time, AvaTrade had more than 20,000 registered customers executing over 2,000,000 trades in a month around the globe. The total value of trades surpasses $60 billion in a month. AvaTrade offers even Bitcoin CFDs. In May this year, AvaTrade, the multi-regulated forex broker, added three of the rising digital currencies – Ethereum, Dash, and Ripple – to its trading portfolio.
Broker Type – Market Maker
Regulation – Australian Securities and Investments Commission (ASIC); Central Bank of Ireland; Financial Futures Association, Japan; Financial Services Board (FSB), South Africa and Israel Securities Authority (ISA)
Platforms – MetaTrader 4, AvaTrader
Minimum Deposit – $100
Deposit Options – Bank Wire, PayPal, WebMoney, Skrill, Credit Card, Neteller, Prepaid Master Card, etc.
Maximum Leverage – 400
Minimum Lot Size – 0.05
Spreads – Fixed
Lowest Spreads for EUR/USD – 3
#3: Etoro
eToro, an online forex broker, offers trading in currencies, indices, commodities and CFD stocks. More than 4.5 million users from over 170 countries around the world make use of the online forex broker’s website. Founded in 2006 in Tel Aviv, the multi-asset brokerage company has registered offices in Israel, the United Kingdom, and Cyprus. One of the key features of eToro is the social investment platform with Copy-Trading feature that it offers. On their platform, you can trade and invest in Stocks, Indices, Commodities and Currencies CFDs. eToro launched CFD trading in a CryptoFund. The fund tracks the activity of digital currencies, including Bitcoin and Ethereum, among others.
Broker Type – Market Maker
Regulation – Cyprus Securities and Exchange Commission (CySEC), Markets in Financial Instruments Directive (MiFID), Commodity Futures Trading Commission (CFTC), Financial Conduct Authority (FCA), National Futures Association (NFA), Australian Securities and Investments Commission (ASIC)
Platforms – eToro OpenBook, eToro WebTrader, eToro Mobile Trader
Minimum Deposit – $50
Deposit Options – Bank Wire Transfer, Credit/Debit Card, Skrill, Moneygram, PayPal, Neteller, Webmoney, Western Union
Maximum Leverage – 400:1
Minimum Lot Size – 0.01
Spreads – Fixed
Lowest Spreads for EUR/USD – 3
#4: Plus500
Plus500 forex trading platform is provided by Plus500CY Ltd., which is a company based in Cyprus and with headquarters in Limassol. This broker is authorized as well as regulated by the Cyprus Securities and Exchange Commission. You can trade shares, forex, commodities and indices CFDs on the Plus500 platform. U.K.’s second largest CFD broker added Ripple to its digital currency offering, which already included Bitcoin, Litecoin, and Ethereum.
Broker Type – Market Maker
Regulation – Cyprus Securities and Exchange Commission (CySEC), Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC)
Platforms – Windows Trader, WebTrader
Minimum Deposit – $100
Deposit Options – Bank Wire, PayPal, Credit Card, Skrill, etc.
Maximum Leverage – 50:1
Minimum Lot Size – 0.01
Spreads – Fixed
Lowest Spreads for EUR/USD – 2
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