Since 2009, when the era of blockchain technology and decentralized online-based currencies commenced, cryptos have garnered a lot of attention from investors, traders, and the general public. That is completely justified, considering the host of financial opportunities they have brought into the world. Cardano’s cryptocurrency, ADA, ranks among the top 10 crypto assets by market capitalization, so it is worth looking into how it stacks up against the rest.
Ethereum’s co-founder, Charles Hoskinson, began work on Cardano in 2015, and subsequently initiated the platform in 2017. ADA is the native token that powers the Cardano network. Similar to most cryptocurrencies, ADA’s price has seen substantial swings since its launch. With a starting price of $0.0024, ADA has reached an all-time high of $3.10, and many experts claim that investing in this crypto asset could offer enormous value.
Created with the aim to improve on Ethereum’s setbacks, Cardano’s future is seen as a more scalable and sustainable blockchain. The reason for this is the Proof of Stake consensus mechanism utilized by Cardano. Unlike Ethereum’s Proof of Work protocol, it is defined as a ‘greener’ alternative, as it reduces energy consumption levels to a minimum.
Cardano’s dedicated token can be used for purchases, for staking, as an investment, and as a means to cover transaction costs on the network. The blockchain is intended for building smart contracts, and decentralized applications.
The current article directs attention to ADA’s specifics in terms of trading. What is more, we have facilitated the process of finding a licensed and trustworthy provider of trading services by assembling a list of ten top-ranking ADA Trading Brokers.
How ADA Trading Works for Traders and Brokers
Being an open-source, decentralized Proof of Stake platform, Cardano is among the truly scalable and sustainable solutions within the crypto investment world. Below, we are going to look into some of the specifics related to trading ADA, as well as the technicalities associated with the trading brokers themselves.
How ADA Trading Works for Traders
Overall, those interested in investing in Cardano can assume two strategies:
The first one involves a long-term investment in the crypto asset ADA. It requires buying ADA and keeping it for the long haul, in the hopes that its value will increase over time and thus generate a sizable return on investment. This approach to investing in Cardano necessitates holding the asset in a crypto wallet, which could be either built into the trading platform or additionally downloaded.
The second one entails speculating on the price fluctuation of the underlying asset, rather than purchasing it and holding it in a crypto wallet. Trading ADA Contracts for Differences (CFDs) is offered by many online brokers, and we have made a selection of the 10 top-rated brands. Traders can profit both from upward and downward price movements. Trading in crypto CFDs comes with a varying degree of risk, as well as many profitable opportunities.
ADA brokers offer a diverse range of tools to traders, allowing them to change their experience for the better:
Trading in crypto CFDs is inherently associated with taking risks, much like trading with any other kind of financial instrument. Traders can opt for the Take Profit and Stop Loss before entering their CFD contracts, thus managing the risk they take adequately.
When trading in crypto CFDs the option of taking a leveraged position comes into the picture. Trading in ADA CFDs with leverage allows traders to obtain a higher exposure to the relevant market by using a deposit, also known as a margin. As a key feature of CFD trading, leverage can be a powerful instrument. Essentially, traders deposit a portion of the full value of the trade, and trading brokers loan the rest. Nevertheless, traders should not underestimate the fact that leverage magnifies also the risks of losing their funds.
How ADA Trading Works for Brokers
Overall, when it comes to compiling a list of leading suppliers of trading services, we focus on a number of essential factors:
The demo trading accounts that brokers offer vary in terms of upper limits and activity. Traders can practice ADA trading for a particular period without risking any real funds.
Depending on the business and marketing strategy that ADA Trading Brokers have adopted, they have different minimum deposit requirements and pricing policies. While some brokers do not set specific requirements for the minimum deposit they require, others make a clear statement of it. As for the pricing policy, some suppliers of trading services prefer to charge commissions, whereas others opt for a commission-free, spread-based business model.
The range of trading and risk management tools available on a platform tends to set it apart from the competition, as it broadens the choices that traders have in front of them, as well as minimizes the risks inherent to trading.
Based on the destination that ADA Trading Brokers are operating in, they provide their services in line with the requirements of the respective financial regulatory body.
A diversity of payment processing methods to choose from is yet another feature that adds up to the higher ranking of ADA Trading Brokers.
Top Ten ADA Trading Brokers
Below, we have carefully assembled a list of 10 Trading Brokers that have added ADA to their portfolio of crypto offerings. We look into different aspects of the trading environment they provide.
- Min DepositNo specific requirementsFeesNo deposit and withdrawal fees;
No account inactivity feesCommissionsStart from $2.25 per lot commissionSpreadMinimum spreads of 0.004
Average spreads of 0.004Leverage EU2:1Leverage non-EU10:1CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs with this provider.
Established in 2010 in Melbourne, Australia by experts within the trading industry, Fusion Markets has been constantly dedicated to delivering a high-end trading platform at competitive costs. The company is also committed to radically changing the traders’ perceptions of what trading should be, offering a completely transparent environment.
Fusion Markets is licensed and regulated by the Australian Securities and Investments Commission and traders can be completely secure in the trustworthiness of the operator.
Account opening is fast and easy, and the operator has no specific minimum deposit requirements.
As far as its trading platform is concerned, Fusion Markets has a preference for the MetaTrader 4 software. The trading assets that can be found on the platform include 70+ currency pairs, metals, indices, commodities, and cryptocurrencies.
As for trading ADA CFDs and other crypto assets, customers can occupy a greater market position by taking advantage of leverage of up to 2:1. Minimum spreads for trading in Cardano’s native token start at 0.004. The other crypto assets available for trading also feature competitive spreads. The lack of additional account maintenance, deposit, and withdrawal fees is yet another advantage that traders are fascinated with.
The company’s copy trading service, Fusion+, enables its customers to find experienced traders and replicate their positions in their own accounts.
- 2. eToroMin Deposit$10Fees1% fee for buying or selling cryptocurrencies, added to the bid-ask spread;
No account management fees;
Conversion fees to non-USD deposits and withdrawals;
A $5 fee on withdrawals;
Inactivity fee after 12 months of no loginCommissionsNoneSpread2.90%Leverage EU2:1Leverage non-EU5:1CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% 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.
Etoro is a world-renowned supplier of trading services that enables its customers to take advantage of various assets through a high-end social investing platform. With more than 25 million customers around the globe, eToro is completely trustworthy and reliable. This trading services supplier holds certificates from the Cyprus financial authority (CySEC) and the UK regulator (FCA).
Since its launch in 2007, the trading platform has been constantly upgraded and improved, reflecting the requirements of the latest trends within the trading industry. It is regarded as a user-friendly place for inexperienced traders.
Diversifying your investment portfolio has never been easier, as the operator allows customers to explore thousands of financial assets. Bitcoin, Ethereum, Cardano, and a host of other cryptos are available for trading on the platform. The spreads for ADA trading stand at 2.90%. As for the maximum allowable leveraged positions for cryptos, including ADA, the operator has set them to 2:1 for customers based within the EU.
Etoro is famous for putting an emphasis on cryptocurrency. However, the platform has expanded also to offer other trading assets such as currency pairs, EFTs, indices, commodities, and stocks.
Besides trading on their own and using the copy trading feature, traders can also become “Popular Investors”. Thus, their trading moves are copied by other traders, and subsequently they earn extra income. The CryptoPortfolio is yet another interesting product. This functionality enables traders to invest long-term in a portfolio of the most popular crypto assets. The operator also offers a mobile crypto wallet, available to download for iOS and Android devices.
- 3. FP MarketsMin Deposit$100FeesNo deposit and withdrawal feesCommissionsNo commission for Standard accounts;
$3 commission per side for Raw accountsSpreadMinimum spreads of 0.0192
Average spreads of 0.0197Leverage EU2:1Leverage non-EU2:1Derivative products are highly leveraged, carry a high level of risk, and are not suitable for all investors.
Founded in 2005 and headquartered in Sydney, Australia, FP Markets is a globally operating leader offering a host of investment and trading opportunities. The company operates in line with the regulatory requirements of the ASIC in Australia and the CySEC in Cyprus.
The asset classes to trade in are diligently divided into seven distinct categories. These include 60+ Forex currency pairs, more than 10,000 stocks on global exchanges, 19 major global indices, commodities, bonds, metals, and cryptocurrencies.
FP Markets offers crypto CFD trading and customers of the brand can take advantage of the high volatility of this asset class without the need for a digital wallet. Furthermore, trading in both rising and falling prices in a 24/5 market brings numerous investment opportunities.
Cryptocurrencies are traded on one of the most widespread and well-known trading platform suites, MetaTrader 4 and MetaTrader 5. Equipped with a Traders Toolbox, a suite of 12 online trading tools, the platforms offer an excellent trading environment. Furthermore, a wide range of CFD financial products can be traded on the Iress platform.
The operator has adopted a zero-commission pricing policy and offers tight spreads. The minimum spreads for ADA trading start at 0.0192, and the average ones equal 0.0197. Taking a leveraged position when trading in crypto CFDs is possible.
Besides the opportunity to open and close positions automatically, customers have access to trending news, an economic calendar, charts, and many more trading tools.
- 4. easyMarketsMin Deposit$100FeesNo deposit and withdrawal feesCommissionsNoneSpreadSpreads from $0.006Leverage EU2:1Leverage non-EU2:1CFDs and Options are complex instruments and come with a high risk of losing money rapidly due to leverage. 61% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs and Options work and whether you can afford to take the high risk of losing your money.
EasyMarkets was founded in 2001, and over the years, the brand has built up an impressive portfolio of trading markets and a large network of satisfied customers. The trading broker is regulated by the CySEC, the ASIC, and the FCA and has won many awards for providing excellent services and an advanced trading environment.
To find out more about the trading markets offered by the brand, customers can click on the ‘Trading’ tab on the website and obtain detailed information for each asset class including Forex, cryptos, metals, commodities, indices, and shares.
When trading in ADA CFDs and other crypto assets, traders can take advantage of maximum leverage of up to 2:1. They can benefit from both the rise and drop of markets. Furthermore, customers of the brand have access to custom-built risk management tools and fixed spreads. In line with the Price Transparency Promise of easyMarkets, spreads are fixed and do not change over the course of trading. All these features make the platform especially suitable for inexperienced traders.
Novice traders are advised to try the demo account first, without risking any of their real funds. EasyMarkets’ web and app platforms are equipped with the Free Guaranteed Stop Loss. The Negative Balance Protection is yet another standard feature of the platform.
- 5. AdmiralsMin Deposit$100FeesNo deposit and withdrawal fees;
Monthly inactivity fee of $10 after 12 months of no login activityCommissionsNoneSpreadMinimum spreads of 3%
Typical spreads of 3%Leverage EU2:1Leverage non-EU2:1CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% 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.
Admirals is a leading financial broker, with a successful presence on the market for more than 20 years. This award-winning online broker offers support in 26 languages, testifying to the customer-oriented nature of its business.
Trading and investing have never been easier, considering the diverse and comprehensive trading portfolio of the broker. The company provides traders with the opportunity to trade in Forex and CFDs on commodities, indices, stocks, bonds, and cryptocurrencies.
The company has substantially expanded its global presence, with regulated offices in many countries. The trading broker operates in full compliance with the regulatory requirements of prominent financial institutions such as the UK Financial Conduct Authority, the Cyprus Securities and Exchange Commission, and the Estonian Financial Supervision Authority, among others.
The range of educational tools offered by Admirals is constantly expanding, with many seminars, webinars, educational books, and brochures available to its customers. MetaTrader 4 and MetaTrader 5 are the trading platforms offering Admiral’s customers a familiar and time-tested trading environment. Monitoring the markets, opening, and closing trades, and all financial tools are available also on the Admirals mobile app, allowing traders easy and trouble-free access on the go.
As far as trading ADA CFDs is concerned, Admirals offers leverage of up to 2:1, and minimum spreads of 3%. All major crypto markets are accessible 24/7.
- 6. PepperstoneMin Deposit$200FeesNo deposit and withdrawal fees;
No account maintenance and inactivity feesCommissionsNone for standard accountsSpreadMinimum spreads of 0.006
Average spreads of 0.00Leverage EU2:1Leverage non-EU10:1CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.4% 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.
Established in 2010 and headquartered in Melbourne, Australia, Pepperstone has grown to become one of the largest trading brokers globally. Striving to build a technologically advanced trading environment, Pepperstone offers everything necessary for traders of all levels.
Pepperstone is a highly-regulated broker, holding licenses from the world’s most renowned financial authorities, including the FCA in the UK, the ASIC in Australia, and the CySEC in Cyprus, among others.
Pepperstone offers trading services across 7 distinct asset classes including Forex, cryptocurrencies, shares, EFTs, indices, commodity, and currency indices. Those interested in the largely volatile crypto market can buy and sell CFDs on major cryptocurrencies and take advantage of a leverage ratio of up to 2:1 for retail accounts.
Along with the great trading opportunities, customers of the brand are kept informed of the associated risks as well. Market news, analysis, and insights on the crypto market are all easily accessible and can help traders make informed decisions. Customers of Pepperstone do not need a digital wallet to trade ADA CFDs, as they are not purchasing the asset, but rather speculating on its price changes.
The broker offers its customers the opportunity to choose between two account types, in addition to the demo account, which is active for 30 days.
- 7. Markets.comMin Deposit$100FeesNo deposit, withdrawal, and account maintenance fees;
A $10 inactivity fee after 3 months of no login;
A 0.6% conversion feeCommissionsNoneSpreadSpread (%) 1.0064%
Spread Per Unit 0.0044Leverage EU2:1Leverage non-EU2:1CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% 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.
Markets.com offers investment and trading opportunities on an award-winning CFD platform. The portfolio of the broker includes stocks, indices, Forex, commodities, and cryptocurrencies. The low minimum deposit requirement of $100 allows traders of all levels to get involved in these asset classes.
Governed by regulatory authorities in Europe, Australia, and South Africa, this trading broker is completely safe and trustworthy.
With more than 2,200 trading markets available on its platform, Markets.com offers something suitable for traders of all levels. The range of crypto assets is sufficiently diverse. While this trading broker does not charge a commission, customers have to pay the spread.
Cardano’s spreads at Markets.com start from 0.0044 (USD), and traders can take a leveraged position of up to 2:1 for this crypto asset. Markets.com makes use of the MetaTrader platform that most traders are familiar with.
Customers of the brand have access to trending market news, updates on the market consensus, and the latest market trends.
Markets.com accepts a range of payment methods to fund an account including credit cards, wire transfers, PayPal, Neteller, and a couple of fast bank transfers, among others. Customers are supposed to use the same withdrawal method as the one for depositing, and the process is free of charge.
- 8. PrimeXBTMin DepositNo minimum deposit requirements;
0.01 BTC for Copy-tradingFeesNo account maintenance fees;
No deposit and withdrawal feesCommissions0.05%SpreadFrom 0Leverage EU20:1 (10:1 for Copy-trading)Leverage non-EU20:1 (10:1 for Copy-trading)PrimeXBT products are complex instruments and come with a high risk of losing money rapidly due to leverage. These products are not suitable for all investors. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.
Prime XBT offers a highly-professional trading environment for thousands of traders around the globe, from beginners to professionals. The company started operating in 2018 and has managed to build a network in more than 150 countries. The operator offers purchasing cryptocurrencies through partner companies and margin trading with competitive fees.
As for the pricing model that Prime XBT has chosen to adopt, the operator derives profits from charging a commission. The one applicable for ADA trading and all other cryptocurrencies amounts to 0.05%. As for the other non-trading fees, related to account maintenance, deposits, and withdrawals, Prime XBT does not charge such. The operator offers maximum allowable leverage of 20:1 for trading in ADA CFDs and 10:1 for Copy-trading.
Prime XBT offers a custom-made browser-based trading platform that is fully supplied with more than 50 technical indicators and a host of market analysis tools. A mobile version of the bespoke trading platform has also been developed, and it is available to download for iOS and Android portable devices. Besides the wide range of crypto trading options, the operator also offers trading in Forex pairs, stock indices, and precious metals, to mention a few.
Although Prime XBT currently does not hold a certificate from a reputable financial regulator, the customer reviews available online are mostly positive.
This ADA trading broker has also incorporated a Covesting feature to the range of trading options. Besides round-the-clock trading hours, Prime XBT offers very fast execution times.
- 9. Capital.comMin Deposit$20FeesNo deposit and withdrawal feesCommissionsNoneSpread0.00000010Leverage EU2:1Leverage non-EU30:1CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83.45% 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.
Established in 2016, Capital.com has become a leading brand within the trading industry. With offices located in the United Kingdom, Australia, Cyprus, and Gibraltar, the operator is regulated by the respective regulatory bodies in each of the destinations.
The company has a diverse portfolio of more than 5,000 trading instruments, distributed in 5 distinct asset classes. These include many Forex pairs, more than 20 indices, commodities, shares, and cryptocurrencies.
Those interested in diversifying their crypto investment portfolio will be glad to know that Capital.com offers thousands of crypto assets. ADA forms part of the most frequently traded cryptos. Cryptocurrency trading strategies that can be utilized by customers of Capital.com include Day trading, Swing trading, Trend trading, and Scalping.
As for the process of trading crypto CFDs with Capital.com, it is pretty straightforward. Once traders open and verify their accounts, they should choose a crypto asset (ADA in this case) to trade with. The next step along the way involves opening a long or short position on ADA CFDs and speculation on the price fluctuations.
As for the pricing policy of the company, it features zero commissions and tight spreads. Additionally, there are no fees for opening and closing trades or funding and withdrawals from accounts.
Except for the custom-built trading platform of Capital.com, traders can use the more traditional MetaTrader 4.
As far as depositing and withdrawing funds is concerned, Capital.com offers a sufficient amount of options, including card payments, bank transfers, and instant bank payments.
- 10. IC MarketsMin Deposit$200FeesNo deposit, withdrawal, and account inactivity feesCommissionsNone for standard accountsSpreadMinimum spreads of 0.001
Average spreads of 0.003Leverage EU2:1Leverage non-EU20:1CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.93% 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.
As a top-rated Australian Trading Broker, IC Market falls under the regulation of the ASIC and offers a completely safe trading environment. Customer funds are safely stored in segregated client trust accounts. Traders can get involved with a huge range of markets including Forex, indices, commodities, stocks, bonds, and cryptocurrencies.
IC Markets offers its customers a choice between two account types – a Standard and a Raw one. While Standard account types are not charged with commissions and IC Markets derives profit from spreads, Raw Spread Accounts pay a commission of $7 per standard lot round turn. Besides tight spreads, the operator provides fast execution times of trades.
Traders can open an account with as little as $200 (or currency equivalent). Luckily, there are no account deposit and withdrawal fees. Inactivity fees are not charged as well.
The operator offers flexible leverage, which varies across the different asset classes. Customers within the EU can multiply the potential returns from trading in ADA CFDs by applying leverage of up to 2:1.
Depositing funds into the trading account can be accomplished through more than 15 different methods including bank transfers, e-wallets, and credit cards, among others.
The brand offers the time-tested and completely reliable MetaTrader 4 and 5 and cTrader platforms. Educational resources are not missing as well, with video tutorials and an information hub for traders.