Compare the best Ethereum brokers

When it comes to investing in Ethereum, you need to find a broker that’s right for you. On this page we compare all the top Ethereum trading platforms and guide you through how to use them.
Tip: our preferred broker is, eToro: visit & create account

What are the best Ethereum trading platforms?

We’ve compared all the most well-known Ethereum investment platforms and compiled the best of the best in the table right here. If you’re ready to invest your money in Ethereum now then simply follow one of the links below; if you need more information, then just scroll past and keep reading.

1
Min. Deposit
$50
Exclusive promotion
Our score
10
Accepts customers from the USA
Offers 15 crypto coins to buy&sell including BTC, LTC, ETC, NEO and more
Trade on the world's leading social trading and investing platform
Start Trading
Description:
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Payment Methods
Wire Transfer, Bank Transfer
Full regulations list:
CySEC, FCA
2
Min. Deposit
$50
Exclusive promotion
Our score
9.3
Trade on popular Crypto markets
Go long or short on cryptos from 10p a point
A trading partner you can trust
Start Trading
Description:
Founded in 1999, part of GAIN Capital Holdings. Licensed in highly regulated jurisdictions, FCA, IIROC, NFA, CFTC, CIMA,FSA. Payment methods ACH, debit card, bank wire transfer. $50 minimum deposit.
Payment Methods
Debit Card, Bank Wire, ACH, Credit Card, PayPal
Full regulations list:
NFA, CFTC, FCA, FSA, IIROC, CIMA, FFA Japan, MAS, SFC of Hong Kong
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
3
Min. Deposit
$10
Exclusive promotion
Our score
8.7
The broker offers access to a trusted MetaTrader trading system
Pricing is ensured to be completely transparent, also providing accuracy and speed
Trade a Wide Variety of Assets with Leverage up to 1:500
Start Trading
Description:
LonghornFX is a true ECN STP broker dedicated to delivering a superior trading experience to traders no matter their level of experience. Their services are based on transparency, innovation and efficiency, ensuring an unparalleled trading experience for all.
Payment Methods
Credit Card, Debit Card, Visa, Bitcoin
Full regulations list:
LonghornFX offers high-leverage trading on a wide variety of assets. Trading with leverage carries a degree of risk which may result in losing more than your investments. Clients should practise risk management to protect themselves from losing more than they can afford when trading with leverage.

What is an Ethereum broker?

An Ethereum broker is an online platform that functions as a middleman for buying and selling ether (the native cryptocurrency of the Ethereum blockchain). There are two different types of Ethereum brokers: simple platforms that allow you to buy and sell ether at a fixed rate, and more complex trading platforms which let users trade in real time.

How do brokerages work?

The essential function of a broker is to match up buyers and sellers. If you come to a broker and are looking to buy Ethereum at a certain rate, the broker will try and find a seller willing to match that price and complete the transaction. Sometimes the buyer/seller is the broker itself, depending on the type of broker you’re using.

More simple Ethereum investing sites will advertise a fixed price for Ethereum on their website. This is a ‘take it or leave it’ rate that the broker itself will buy or sell you ether. These sorts of platforms can be thought of as similar to a bureau de change – except they trade fiat for cryptocurrencies rather than different fiat currencies for each other.

The other type of Ethereum broker is better thought of as a comprehensive trading platform. These sites allow you to trade Ethereum using CFDs, which opens up the ability to open and close positions quickly and trade with leverage. CFD stands for “contract for difference” and represents a position taken on the price of an asset. With an Ethereum CFD you don’t actually own any ether, but are able to trade against the coin’s value as it fluctuates.

What’s the difference between an Ethereum broker and an exchange?

The main difference is who you are trading with. With a cryptocurrency broker you’re usually buying/selling Ethereum or trading directly with the trading platform, whereas with an exchange you’re making peer-to-peer trades with other people.

An exchange is a fully open marketplace where people can trade cryptocurrencies between each other, whereas brokers buy and sell Ethereum and other cryptocurrencies based on the value determined by exchanges and allow users to speculate on price movements using CFDs.

How do I use an Ethereum broker?

To use an Ethereum broker all you have to do is follow a few simple steps. First choose the trading platform you want to use, then sign up, check the current price the broker is buying and selling ether for, and click “buy” if it’s an amount you’re willing to pay. This will then direct you to the payment page of the broker where you’ll be able to fund your transaction.

If the Ethereum investing site you’ve chosen also supports CFD trading, then all you need to do is fund your account and navigate to the trading interface on the platform’s website or app. From here you’ll be able to trade CFDs on a range of cryptos including Ethereum.

The best Ethereum trading platforms for beginners, traders, and long-term investors

Which Ethereum broker is right for you will depend in large part on your experience with trading cryptocurrency and what your trading horizon is. For beginners and investors looking to buy Ethereum for the long term, simple bureau de change-type brokers tend to be best, weheras day traders will want a CFD platform. Here’s a quick breakdown.

The top broker for beginners

For those who are new to Ethereum investing, it’s best to go with a platform that makes the process of buying ether as simple as possible. These brokers tend to charge a small premium for the convenience they offer, but it prevents you making costly mistakes when you’re new to the game.

1
Min. Deposit
$1
Exclusive promotion
Our score
10
FCA regulated crypto exchange with 4500+ digital assets available for trading
Supports users from over 100 countries including the US and Canada
Withdraw your funds using PayPal or other payment methods
Start Trading
Description:
Coinbase is one of the first places that made it easy to buy bitcoin and has since become a widely trusted exchange in the market.
Payment Methods
Credit Card, Debit Card, Euro Bank Account, 3d Secure Credit Card
Full regulations list:

The top platform for day-traders

Day traders will want a UK Ethereum trading platform that supports CFD trading and applies low fees and commissions. This is particularly important as even small fees can rack up if you’re making frequent trades.

1
Min. Deposit
$50
Exclusive promotion
Our score
10
Accepts customers from the USA
Offers 15 crypto coins to buy&sell including BTC, LTC, ETC, NEO and more
Trade on the world's leading social trading and investing platform
Start Trading
Description:
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Payment Methods
Wire Transfer, Bank Transfer
Full regulations list:
CySEC, FCA

The top app for long-term buyers

If you believe that the price of Ethereum is going to rise in the long term, then your best option is to choose a reliable investment platform which will allow you to make large purchases and hold your ether for a while. 

1
Min. Deposit
$1
Exclusive promotion
Our score
10
Instantly switch between your crypto and traditional currency with zero fees and up to 3% savings
Spend your crypto and fiat currencies with realtime conversion at point-of-sale and instant crypto rewards
Cryptoback™ rewards pay out up to 1.5% in BTC every time you use your Wirex card in-store
Start Trading
Description:
Wirex is a digital payment platform with a mission - to make crypto and traditional currencies equal and accessible to everyone. We’re making fintech simple. Our innovative mobile app and next-gen Wirex card lets you buy, store, exchange and spend a wide variety of conventional and digital currencies quickly and securely, with no hidden fees and zero fuss. Download the app now and discover a world where every purchase earns you Cryptoback™ rewards - and using your cryptocurrency in real life is as easy as tapping your Wirex card.
Payment Methods
Credit Card, Debit Card, Wire Transfer
Full regulations list:
FCA

What should I look for in an Ethereum investment platform?

In order to help you choose between the best Ethereum trading sites, here is a quick run down of all the key considerations that go into selecting a broker.

Design and ease of use

The purpose of using an Ethereum broker is to make the process of buying ether as quick and user-friendly as possible. For this reason it’s essential to make sure that your chosen platform doesn’t make the process difficult ot have a confusingly laid out website or trading app.

Price

You don’t want to get ripped off, so check the price that different brokers are quoting for Ethereum before buying. The fees charged by most brokers are hidden in the amount they charge for the coins. While this means you don’t get stung by hidden fees after being attracted by a low rate, it also means prices vary between brokers.

Payment charges

Certain payment methods might attract additional charges with Ethereum trading platforms. This is often most true of credit cards, but it’s important to check that you can pay in the way you desire without being hit with additional fees for the privilege.

Reputation

You want to ensure you’re using a broker that has a strong track record, as this will reassure you that the platform can be trusted. The best way to check this is to look at any online user reviews, and also checking out our in-depth broker reviews on this site.

Variety of coins

It might be the case that right now you’re only looking to purchase Ethereum – but that doesn’t mean you won’t want to buy other cryptocurrencies in the future. The best Ethereum brokers will usually offer a range of coins, from prominent names such as Bitcoin and Litecoin, to up-and-comers such as Aave and Polkadot.

Trading options

If you’re looking to trade Ethereum rather than just buy and hold the coins for the long term, then you want to ensure your chosen broker offers the trading capabilities you’re after. This could include leveraged trading or the option to short sell ether – complex and risky strategies that we only recommend experienced traders undertake.

Quick answers to key questions

Do brokers charge commissions or fees for buying Ethereum?

Yes, brokers will typically charge fees and commissions when buying and selling Ethereum. With CFD trading platforms it’s common to find overnight fees along with commissions applied to trades. Whereas with more simple brokerages watch out for any platform concealing the fees they charge in the price they quote for Ethereum and the spread between the bid (buy) and ask (sell) price.

Do I have to verify my identity with an Ethereum broker?

Yes, top Ethereum trading platforms require you to provide ID before you can start trading. The exact requirements differ from broker to broker, but often include a form of photo identification. This is so that the platforms can be compliant with KYC (Know Your Customer) and AML (Anti Money Laundering) legislation.

Can I buy multiple cryptocurrencies through a broker?

Yes, Ethereum brokers support the trading of other cryptocurrencies. Exactly how many other cryptos you can trade will depend on the broker you choose, with some offering a handful whereas others supporting 1000s of different coins.

Do I need a wallet to use an Ethereum broker?

No, but it can sometimes be useful to have one. Ethereum brokerage platforms will usually allow you to store your ether (and other cryptos) within your account and this practice is largely safe nowadays. 

However, if you’re using an Ethereum investment site because you intend to hold a lot of ether for the long term, then getting a secure wallet to hold your coins can be a good idea. Two popular hardware wallets are the Trezor One and Ledger Nano S.

Should I use brokers to buy and sell Ethereum?

It depends on your investment goals and how you want to trade Ethereum. Brokers are useful on the one hand as a simple way to buy and sell ether at a fixed price, and on the other as fully-fledged trading platforms that facilitate CFD trading and leveraged trading of cryptocurrencies. 

These approaches both have their benefits, but the former tends to come at a premium price and the latter allows you to speculate on price movements but means you don’t own your ether outright. For this reason some people prefer to trade Ethereum using exchanges rather than brokers.

Still undecided?

If you’re still weighing up whether to sign up to a top Ethereum investment site, then have a read through these quick pros and cons, along with the information and FAQs below.

Pros

  • Ethereum brokers tend to be more user-friendly than exchanges
  • CFD trading brokers give access to leveraged crypto trading
  • Many brokers have strong reputations for customer service
  • Brokerages are a quick and easy way to buy ether at a fixed price
  • Some trading platforms offer ‘social trading’ capabilities

Cons

  • Buying Ethereum through brokers can attract high fees
  • Leveraged trading comes with hugely increased risk
  • Not all crypto brokers are regulated

Should I buy Ethereum now?

There are two ways to look at this question, and which one suits you will depend on your approach to investing in Ethereum. If you’re in it for the long term as you believe that the price of Ethereum will rise in the future, then it’s a good idea to sign up to a broker and buy some ether now so you can capitalise on that growth if it materialises.

If, however, your aim is to trade ether using CFDs then the overall prospects of the coin aren’t as relevant as your understanding of cryptocurrency charts and technical analysis. When trading Ethereum in the short term, your skill at recognising and anticipating patterns in price movements is more important than the Ethereum blockchain’s long term ambitions.

For either approach, it is useful to keep on top of all the latest Ethereum news and analysis. Here is the latest from our experts.

Ethereum was one of the best performers on the cryptocurrency market last month, and the price of this cryptocurrency has advanced from $1922 above $2800 in April. The current price stands around $2940, and according to digital assets investment guidance provider Two Prime, Ethereum is still undervalued. Fundamental analysis: The…
Bitcoin (BTC) price is trading about 3% lower this week as it faces mild selling pressure, following a strong push higher in recent weeks.  BTC price could decline 50% in the short run, says Guggenheim CIO Bitcoin price has corrected lower in the past two weeks as industry experts…
Ethereum (ETH) price soared to a record high this morning to push the entire cryptocurrency market capitalization above $2 trillion again. Fundamental analysis: Mark Cuban praises Ethereum The U.S. billionaire investor Mark Cuban recently voiced his optimism on the future of digital currencies and compared blockchain technology to the…

Where can I learn more about Ethereum?

You can learn more about investing in Ethereum, or just about the coin in general right here on Invezz. Our Ethereum 101 course will get you grounded in the basics so you can feel confident when using an Ethereum trading platform.

FAQs

Do I have to pay tax on the profits I make on my coins through a broker?
Are Ethereum brokers anonymous?
What does ‘peer-to-peer’ mean in terms of Ethereum exchanges?
Can I transfer from an Ethereum broker to my PayPal account?
Are Ethereum brokers available 24/7?
Can I use other cryptocurrencies to buy Ethereum through a broker?
Can I use multiple brokers?
Are Ethereum brokers legal?
Are brokers regulated?
Can brokers hold my coins for me?
Can I access my full trading history with a broker?
Written by: Max Adams
Max joined us in 2020 to lead the editorial team. With years of experience producing digital content related to the financial sector, from insurance to cryptocurrency and forex trading, Max oversees content production across Invezz.