Do you compare before joining any Crypto broker?

[Joseph R. Cord]

There are MANY people here who do Crypto trading via exchange but also a lot of people who prefer Crypto Broker. So, how do you make your selection of a broker? Do you make comparison before joining up any broker?

I certainly do, and I consider it extremely important as well. I find it simpler with this site https://fx-list.com/crypto-forex-brokers, where all brokers are AVAILABLE to make comparison. Although, it got all types of brokers available with their reviews, but with Crypto brokers, it makes comparison so much easier!

[1714825166]

1714825166

[1714825166]

1714825166

[1714825166]

1714825166

[1714825166]

1714825166

[legendster]

There's no better alternative than to get your feet wet by yourself. I usually go by public reviews left by people on review platforms like Trustpilot etc - they tend to be more accurate than any broker comparing website / tool. My experience tells me they always upsell & promote stuff and mislead people.

[davis196]

I've never heard about a legit crypto broker company.Most of them are usually HYIP scams that say "give us your bitcoins,we guarantee you XXX% return of your investment".If it's too good to be true,just run away and keep your bitcoins.

[Cosbycoin]

There are MANY people here who do Crypto trading via exchange but also a lot of people who prefer Crypto Broker. So, how do you make your selection of a broker? Do you make comparison before joining up any broker?

I certainly do, and I consider it extremely important as well. I find it simpler with this site https://fx-list.com/crypto-forex-brokers, where all brokers are AVAILABLE to make comparison. Although, it got all types of brokers available with their reviews, but with Crypto brokers, it makes comparison so much easier!

I have made use of a crypto broker just once, this is because I had a lot of work to do within those period and I don't want to loss money from trading, I never compared my broker with anyone because I have known him for years and one thing I know about him is that he is very good in trading, he makes up to $1000 daily from trades and takes it as a life job, he also own a office where he takes funds from people to trade.

[bitgolden]

To me, one of the greatest criteria to selecting a crypto broker is to compare the features.
The marketing strategy implored by them is not enough to make decision if one should go with a particular broker or not, I have to know their strength, limit and progress by comparing to be able to pick the broker of your choice.

In fact, comparing them also help me know which of them has low or no commission fee or their charges, but I will never advise that one compare by review because a lot of them pay for reviews to be able to get audience attention.

[Polar91]

I think crypto brokers don't suit much in crypto. I think they just suits in Forex or Stock Exchange. It's because I don't think there are really experts in trading with cryptocurrency as most of the time it's being influenced by whales or whatsoever they called it which is the reason why a lot of crypto traders are losing their money. Thus, trusting such crypto broker in growing your money the major issue.

[wayaneka]

All above crypto broker provide CFDs trading that use leverage, and to get maximum profit with less risk we should be choose it according to fully regulation, low spread, and provide low leverage for crypto pair because i have seen some broker only provide leverage 1 :500, and this is too much risky because crypto with high fluctuacion should be the leverage not more than 1 ; 3.

[erickkyut]

I've never heard about a legit crypto broker company.Most of them are usually HYIP scams that say "give us your bitcoins,we guarantee you XXX% return of your investment".If it's too good to be true,just run away and keep your bitcoins.

I have the same thought about it. There is no legit crypto broker that I knew of. Why let other people to manage your cryptos if you can do it on your own? All you have to do is study it. Leeting other people manage your money is too risky for me specially in the crypto industry.

[fullhdpixel]

I think crypto brokers don't suit much in crypto. I think they just suits in Forex or Stock Exchange. It's because I don't think there are really experts in trading with cryptocurrency as most of the time it's being influenced by whales or whatsoever they called it which is the reason why a lot of crypto traders are losing their money. Thus, trusting such crypto broker in growing your money the major issue.

Well when it comes to trading, I don’t think Whales have much influence in the market, the major time they influence the market is at once when they want to do major dump or pump but when it comes to daily trading, crypto trading is more or less same way forex trading works too, ever since I have been into crypto trading too.

It has been quite easy for me since I already understand how the market fluctuation operates, don’t forget we have trader whales and analysis available is strong enough to determine their action. So, crypto brokers also matters in this too and that is why we quite have many of them now and some good ones have been performing well like the sample OP gave.

[icecube45]

Yes, of course I will compare it before choosing a crypto broker, this must be done to be able to trade well in the right place. The most important are complete order features such as Pending Orders, Stop Loss, Take Profit, Trailing Stop, etc. Because some crypto brokers don't have complete features. Moreover, it is difficult to find a crypto broker that is truly legit so we have to compare it carefully.

[traderethereum]

There are MANY people here who do Crypto trading via exchange but also a lot of people who prefer Crypto Broker. So, how do you make your selection of a broker? Do you make comparison before joining up any broker?

I certainly do, and I consider it extremely important as well. I find it simpler with this site https://fx-list.com/crypto-forex-brokers, where all brokers are AVAILABLE to make comparison. Although, it got all types of brokers available with their reviews, but with Crypto brokers, it makes comparison so much easier!

I never use crypto forex broker, and I only use exchanges to trade. I don't join in the name of forex because it will be too risky for me, and I don't know much about forex. For me, it is better to trade in the exchanges because I can buy the coin directly without paying the broker and if I can get profit, that profit will all be mine.

The broker should take a bigger fee and if we calculate, our profit will be less than the real profit because they eat bigger profit from us.

[cryptocointrade.com]

There are MANY people here who do Crypto trading via exchange but also a lot of people who prefer Crypto Broker. So, how do you make your selection of a broker? Do you make comparison before joining up any broker?

I certainly do, and I consider it extremely important as well. I find it simpler with this site https://fx-list.com/crypto-forex-brokers, where all brokers are AVAILABLE to make comparison. Although, it got all types of brokers available with their reviews, but with Crypto brokers, it makes comparison so much easier!

Hi,

You can read this post How to select cryptocurrency trading platform?

It goes through
10 STEPS TO FINDING A PERFECT TRADING PLATFORM

1. Check Deposit Methods, Fees and Minimum Deposit
2. Look for Demo account and Education
3. Check the Reputation and the Rating
4. See what Customer Support availability they offer
5. Regulation and Verification for crypto trading
6. Security, AML and KYC
7. Trading Fees and Spreads – Advanced trading
8. Liquidity in the cryptocurrency market – Advanced trading
9. Cryptocurrency trading app – Advanced trading
10. Trading features – Advanced trading

[iqlimasyadiqa]

I've never heard about a legit crypto broker company.Most of them are usually HYIP scams that say "give us your bitcoins,we guarantee you XXX% return of your investment".If it's too good to be true,just run away and keep your bitcoins.

I have the same thought about it. There is no legit crypto broker that I knew of. Why let other people to manage your cryptos if you can do it on your own? All you have to do is study it. Leeting other people manage your money is too risky for me specially in the crypto industry.

It's better to trade by itself, it will make ourselves able to improvise. The full decision is that we hold it. Trading must start from the beginning, we analyze and then choose coins and in the end we try to put the right momentum in making a decision. using a brokerage service will not guarantee that we will make a profit, even now more services are scam and do not provide anything.

[gantez]

There are MANY people here who do Crypto trading via exchange but also a lot of people who prefer Crypto Broker. So, how do you make your selection of a broker? Do you make comparison before joining up any broker?

I certainly do, and I consider it extremely important as well. I find it simpler with this site https://fx-list.com/crypto-forex-brokers, where all brokers are AVAILABLE to make comparison. Although, it got all types of brokers available with their reviews, but with Crypto brokers, it makes comparison so much easier!

Hi,

You can read this post How to select cryptocurrency trading platform?

It goes through
10 STEPS TO FINDING A PERFECT TRADING PLATFORM

1. Check Deposit Methods, Fees and Minimum Deposit
2. Look for Demo account and Education
3. Check the Reputation and the Rating
4. See what Customer Support availability they offer
5. Regulation and Verification for crypto trading
6. Security, AML and KYC
7. Trading Fees and Spreads – Advanced trading
8. Liquidity in the cryptocurrency market – Advanced trading
9. Cryptocurrency trading app – Advanced trading
10. Trading features – Advanced trading

Yes it is necessary to compare brokers and the above listed factors are good for a check. For instance, an investor who do not like KYC, would quietly avoid a broker who makes it a priority. Again minimum deposit, trading fees and spread. In fact, all items are necessary for comparison.

I would have given this poster some merit for doing a nice job in listing some of the needed factors to compare in brokers but I don't have smerit.

Importantly, to add to the list, withdrawal method/pattern and time is important.

[sheenshane]

Well, brokers were invented as a job to help people to invest with exchanges and get the trust of the people for them to sustain their business.
However, bitcoins brokers are extremely unreliable for now because they will not be able to guarantee you the returns you are expected to have and they have this system called pyramid scheme. A large scheme to make profits by having networks and multiply fast to sustain the scheme and earn a big amount of profit.

[Lanatsa]

There are MANY people here who do Crypto trading via exchange but also a lot of people who prefer Crypto Broker. So, how do you make your selection of a broker? Do you make comparison before joining up any broker?

I certainly do, and I consider it extremely important as well. I find it simpler with this site https://fx-list.com/crypto-forex-brokers, where all brokers are AVAILABLE to make comparison. Although, it got all types of brokers available with their reviews, but with Crypto brokers, it makes comparison so much easier!

Always prefer who do have the most positive feedback.Tried out to surf that link and i do only see the brokers i had been used in the past like Binary.com, simplefx and iqoption
when it comes to trading or simply doing that binary options thing but i have lost too much so i leave with these brokers and find traditional crypto exchange which it do extent out on doing
trades due to lots of coins to be trade.

[ChrisPop]

Crypto brokers are good especially if you are a fund and want to trade using USD or other fiat curencies. In other words keeping your profits in stable fiat value. Also if you are working with a regulated broker you are probably guaranteed a certain amount of your funds so you can trade with peace of mind.

[Baofeng]

I really don't know what will be a major advantages of joining any crypto broker?

Everyone here is trading for themselves and I'm one of them so I don't see anything that will help me if ever I joined a broker. I guess crypto broker is more advisable if you're trading huge sums of money. But for majority of us here casual traders, we're fine doing our own trades. I have nothing against crypto broker but it's not for everyone.

[1Referee]

Also if you are working with a regulated broker you are probably guaranteed a certain amount of your funds so you can trade with peace of mind.

Are you referring to banks offering fx brokerage services?

I don't know of any regulated or unregulated broker that isn't a bank that offers fund insurance. Can you name me one that does?

In the end, the insurance banks do offer is a far cry from the reality where people tend to lose whatever they put into trading. It's orders of magnitude more likely that people rekt themselves using too much leverage or other high risk features such as options. On top of that, getting your money back that you think is guaranteed can take years. It's nothing to be excited about.

[pixie85]

Most of us normal people don't use brokers. You won't find a lot of answers to your question on a forum like this one.

I expect that people with a lot of money are smart enough to do the research before they start trading or hire someone to do it for them. I would do it for sure but for the time being i'm not even using exchanges because the price doesn't satisfy me to sell and I am already holding enough.