Compare the best Tron brokers

By using a CFD broker for your tron trading, you can profit from your buy and sell trades without having to deal with the hassle of keeping your cryptocurrency safe from hackers. We’ve reviewed all the leading CFD options for you.

Where can I find the best tron trading brokers?

You can find the best tron trading platforms right here. We’ve researched and reviewed all the leading options available to help you choose the right online platform for your tron trading.

eToro
Key Features
Accepts customers from the USA
Award-winning Cryptocurrency trading platform
Wide variety of crypto assets
One of the fastest growing brokers in the world
Min Deposit
$50
United States
Key Features
Accepts customers from the USA
Award-winning Cryptocurrency trading platform
Wide variety of crypto assets
One of the fastest growing brokers in the world
Top Coins
  • Litecoin
  • EOS
  • Bitcoin Cash
  • Dash
  • Ethereum
Payment Methods
Wire Transfer, Bank Transfer
eToro is a multi-asset investment platform with more than 2000 assets, including FX, stocks, Crypto, ETF’s, indices and commodities. 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.
Cryptoassets are highly volatile unregulated investment products. No EU investor protection. eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro. Your capital is at risk.
CEX
Key Features
Margin Trading
Legal compliance
Advanced Reporting
Various Payment options
Min Deposit
$200
United States
Key Features
Margin Trading
Legal compliance
Advanced Reporting
Various Payment options
Top Coins
Payment Methods
Credit Card, Debit Card, Wire Transfer, Cryptocurrencies
Cex.io offers exchange of fiat currency for Bitcoin and Ethereum, as well as Bitcoin/Ethereum trading against the USD.
FOREX.com
Key Features
Trade on popular Crypto markets
Go long or short on cryptos from 10p a point
A trading partner you can trust
Min Deposit
$50
United States
Key Features
Trade on popular Crypto markets
Go long or short on cryptos from 10p a point
A trading partner you can trust
Top Coins
Payment Methods
Debit Card, Bank Wire, ACH, Credit Card, PayPal
Founded in 1999, part of GAIN Capital Holdings. Licensed in highly regulated juristictions, FCA, IIROC, NFA, CFTC, CIMA,FSA. Payment methods ACH, debit card, bank wire transfer. $50 minimum deposit.
Forex trading involves significant risk of loss and is not suitable for all investors.
Bittrex
Key Features
One of the largest cryptocurrency exchanges
High volume across all pairs
Perfect for large and small buyers/sellers
Min Deposit
$1
United States
Key Features
One of the largest cryptocurrency exchanges
High volume across all pairs
Perfect for large and small buyers/sellers
Top Coins
  • Bitcoin
Payment Methods
Credit Card
Bittrex Global has one of the most secure trading platforms and digital holding infrastructures in the world where customers can access exciting new products.
Binance
Key Features
Huge range of cryptocurrencies
Highly liquid
2 Factor Authentication
Min Deposit
$1
United States
Key Features
Huge range of cryptocurrencies
Highly liquid
2 Factor Authentication
Top Coins
  • Bitcoin
Payment Methods
Cryptocurrencies
Binance has grown exponentially since it was founded in 2017 and is now one of, if not the biggest cryptocurrency exchanges on the market.

What are tron brokers?

Tron brokers are CFD trading platforms, which are services that utilise a method of buying and selling tron based on market prices. CFD stands for ‘Contract for Difference’ and is essentially a bet on the difference in the price of tron. Don’t let the word ‘contract’ scare you, CFD trading doesn’t involve having to sit down and sign a typed out agreement or anything. The entire process can be done with the click of a button. Keep reading and we’ll take you through how it works.

How do tron trading platforms work?

When you take out a ‘contract’ with a tron CFD platform, you are effectively ‘buying’ tron at a certain price, with the understanding that when you close a position (i.e. when you cash out of the CFD) you will get paid what the amount of tron you bought is worth at that point.

For instance, if you took out a £1000 tron CFD, and since then the price of tron has gone up by 10%, you could sell your contract for £1,100 – a profit of 100 pounds. Alternatively, if the price of tron falls by 10%, you could only sell for £900 – a loss of £100.

Furthermore, some CFD brokers allow you to place trades with leverage, meaning that for every increase or decrease in the price of tron, your potential profit or exposure is multiplied by the leverage. Let’s build on the previous example above by imagining that you are taking out the same contract, only with a 2:1 leverage; you’re £100 is now £200. If the price of tron went up 10%, your profit would be £20. However, if the price goes down by 10%, you would lose £20. Most crypto CFD platforms don’t offer leverage of more than 2:1 because of the volatility of cryptocurrencies such as tron; however some do allow experienced traders 10:1 or even 100:1. Trading with a leverage is a good way to make more money faster, but you could lose money just as fast.

With CFDs, you never have to take ownership of the coins you trade against. This removes the hassle of having to store your tron in a wallet.

So I don’t technically own the coins I’m trading on a CFD broker?

No, you don’t technically own the coins you’re trading on a CFD platform. What you are doing is agreeing to trade over the fluctuations in the price value of tron. As mentioned above, you are effectively taking a bet on the value of tron to take advantage of future changes in tron’s price. That’s what trading is, a calculated bet.

Think of putting a bet on a sports team to win or lose a game. You’re just betting on the result of the game, as opposed to actually playing in it. This is similar to how CFDs work – you can take a long or a short position depending on whether you expect the price of tron to go up or down, without having to own the coins itself.

What should I look for in a tron trading broker?

Find a regulated platform

Tron CFD trading is regulated by the FCA in the UK. However, since the UK is a part of the EU, any EU-licensed regulators can also provide for UK regulation. Regulation is often tricky when it comes to cryptocurrency, but because CFD trading is a commonly used trading tool and doesn’t involve actually handling tron, it’s the most securely regulated form of tron trading. Make sure you’re using a properly regulated platform. Here on CryptoSupermarket, we will only recommend trustworthy platforms for you to trade with confidence.

Variety of payment methods

Make sure you select a CFD platform that allows you to deposit and withdraw in a payment method that suits you. Platforms will typically take deposits through a variety of payment methods (card payment, bank transfer, PayPal etc.). It is not common to find CFD platforms that take deposits in cryptocurrency.

Suitable deposit and withdrawal limits

Deposit and withdrawal limits will vary, so make sure you’re selecting a CFD platform that suits the level of trading you want to do, whether it’s large or small. First time minimum deposits tend to be in the region of £200, and often there’ll be a minimum withdrawal amount and a flat fee (eToro has a minimum of $50 and a fixed fee of $25 on all withdrawals).

Good reputation

Tron trading has been available for a while now, so there are many with a good history of providing good service. Our reviews will provide you with a platform that’s trustworthy and reputable to use.

Design and ease of use

No one wants a complicated interface when using any tron trading platform. The friendlier and easy to use the website design is, the better. Especially if you’re new to trading, finding a platform that makes the whole process clear and easy is essential.

Variety of coins

If you’re interested in investing in cryptocurrencies other than tron, then you can find CFD platforms that allow you to trade a range of coins. The cryptocurrencies you can take out CFDs for are listed in our reviews of each platform.

Will I have to verify my CFD broker account?

Yes. As CFD trading is a regulated industry, in order to comply with regulations you must verify your account to trade tron. Verification will usually involve you providing proof of identity (a passport, driver’s license, or government-issued ID) and proof of address (a utility bill, bank statement, or council tax form). Sometimes, you may even be asked to provide a selfie of yourself holding the relevant document/s and a piece of paper stating the date the selfie was taken to provide additional proof of who you are.

Is online tron trading secure?

Yes, tron trading platforms are very secure. Because you never technically ‘own’ the coins you take a contract on, you do not have to deal with the risk of having your coins stolen by hackers. Furthermore, the platforms that we list and recommend are all operating under a license by financial regulators, which means you can be confident in their security. In the event that a licensed platform collapses, you will usually be entitled to compensation by a financial regulator.

What if I forget my password?

Just like any other online platform or website, CFD platforms will provide you with ways to reset your account password in the event you forget it. These usually involve you answering recovery questions or accessing your email account to open an activation link that will allow you to reset your password. We recommend that you choose a secure password – one with a combination of special characters, numbers, and letters (lower and upper case) as you don’t want your account to be compromised.

Can I trade multiple cryptocurrencies with CFD platforms?

Yes, but not as much as you’d be able to trade with using exchanges such as Bittrex and Binance. Most tron CFD trading platforms will allow you to trade all the well-known coins, such as Ripple/XRP, Ethereum, Bitcoin, Bitcoin Cash, Monero, Cardano and Litecoin. If you’re looking to invest in a variety of smaller altcoins, currently the best place to look is an exchange.

Do CFD trading brokers charge fees for trades?

It depends on the individual CFD. Some CFDs charge a trading fee for when you intend to close your position (cash out of your contract), and some of them incorporate their commission into the initial price offered on contracts. Additionally, although not directly incurred when trading, most CFD platforms will also charge deposit and withdrawal fees depending on the payment method you use.

Do I need to have a tron wallet to use a trading platform?

No. You don’t need a wallet to use a tron CFD platform, as you don’t ever have to take ownership of the coins.

And what are the drawbacks?

The primary disadvantage of CFD trading is not owning the tron itself. If you want to own and spend your tron coins, you’ll need to use a an exchange. You can’t spend the trons you trade on a tron CFD platform, as you are effectively betting on the future price value of tron – best you can do is earn the profit, then withdraw the GBP/USD/EUR. Furthermore, if you are a beginner trader, then CFD trading interfaces might also appear a bit confusing and scary in the beginning.

What are the advantages of using a CFD Platform?

A great advantage of online trading is being able to move quickly to capitalise on market fluctuations. While you don’t own the tron yourself, this means you can buy and sell faster. Tron CFD trading platforms are the best to use if you’re looking to trade against the short term price fluctuations of tron without having to manage or store your coins. This allows you to react faster to any trades you intend on making. CFD platforms also incorporate a large variety of trading features and trading tools for advanced traders, such as the use of MetaTrader platform.

Should I use a CFD platform to trade tron?

Yes. If you wish to trade tron quickly and easily, without worrying about keeping your coins safe from hackers, then CFD trading might be a great option for you. Additionally, if you’re an experienced trader, tron CFD platforms might be more beneficial for you as there is a wide variety of trading features that you can use.

However, if you intend on buying tron as a long term investment, or intend on using your tron coins for purchases, you’ll need to use an exchange. Here’s a few additional points:

Pros
  • CFD platforms allow you to capitalise on the short term fluctuations in tron's price
  • Removes the inconvenience of having to store your tron
  • CFD platforms are licensed and regulated
  • Improved trading options, such as long and short trades
Cons
  • CFD platforms require some trading experience to use effectively
  • Ultimately, you don't own the tron that you trade with

FAQs

  • Brokers
  • Your concerns
  • Technical
What are the differences between exchanges and CFD brokers?
Can I use a CFD platform on my mobile phone?
Is CFD trading the best way to buy and sell tron?
How can I trade tron without owning the coins?
Is using a CFD platform anonymous?
Is it easy to switch CFD brokers?
By Harry Atkins
Harry joined us in 2019 to lead our Editorial Team. Drawing on more than a decade writing, editing and managing high-profile content for blue chip companies, Harry’s considerable experience in the finance sector encompasses work for high street and investment banks, insurance companies and trading platforms.

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