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Best Ethereum Trading Brokers

Over the last decade, an ever-increasing number of people have been fascinated by capitalizing on digital currencies. Ethereum, the world’s second largest cryptocurrency by market value after Bitcoin, reached an all-time peak of over $4,800 in November 2021, and many investors predict its bright, long-term future.

Bitcoin serves as the foundation for Ethereum

Before Bitcoin was launched, the only way to process money digitally was through an intermediary. Similar to the relation between the Internet and email, blockchain is a system that can be used to build applications and programs. A digital-based currency like Bitcoin is just one of the possible options. Bitcoin is the foundation from which Ethereum emerged.

Ethereum’s launch

Ethereum was initially proposed in 2013 and then introduced to the world in 2014 by Vitalik Buterin, a programming genius of Russian-Canadian origin. The platform was officially launched in July 2015. Much like Bitcoin, Ethereum is a global software platform backed by ground-breaking decentralized blockchain technology. Ethereum’s native cryptocurrency is Ether or ETH.

A cornerstone in Ethereum’s history is the split of Ethereum (ETH) and Ethereum Classic (ETC), which is also known as a hard fork. The original Ethereum blockchain is Ethereum Classic (ETC), and Ethereum (ETH) originated from the hard fork. While ETC’s supply is a fixed one, ETH managed to gain wider popularity and has no fixed supply.

Tech advancements based on Ethereum

Plenty of the world’s latest technological advancements are founded on Ethereum. As a blockchain network, Ethereum facilitates the development of smart contracts that can be utilized to create decentralized applications (DApps). To build such an app, developers should learn Ethereum’s coding language, called Solidity.

The platform runs the smart contracts without any delays, deceptions, and third-party interference. Smart contracts cannot be edited once they are deployed on the Ethereum network.

The current article draws attention to Ethereum trading, the array of opportunities that it delivers, and a carefully picked list of ETH brokerage services suppliers. In case novice traders cannot seem to wrap their heads around Ethereum, they are welcome to read more about it.

How ETH Trading Works for Traders and Brokers

How ETH Trading WorksAs we already established, Ethereum is a decentralized platform, making use of smart contracts, allowing programs to run without the possibility of deceits and third-party interference.

Proof of Work and Proof of Stake mechanisms

Ethereum is the blockchain network on which the Ether cryptocurrency runs. Miners validate transactions through a mechanism known as Proof of Work. They receive ETH as a reward, while gas fees are charged for transacting on the network.

The founders of the Ethereum network have foreseen its rapid growth in popularity, and as a result, the network is expected to move to the Proof of Stake mechanism. With it, miners would not be needed, instead, validators will take over. Ultimately, the goal is to make the Ethereum network more energy-efficient and less time-consuming.

Ethereum’s value over the years

Starting at around $2.77 in 2015, Ether’s price has been fluctuating over the years of its existence, with an all-time high of $4,865 in 2021. Considering its price swings and its huge potential, Ethereum is a thrilling cryptocurrency trading market. Thanks to Ethereum’s volatility, savvy traders can capitalize on the price changes.

We are now going to look at Ethereum’s trading, first, from traders’ point of view, and then, from brokers’ point of view.

How ETH Trading Works for Traders

How ETH Trading Works for TradersFirst of all, traders should make a clear distinction between a broker and an exchange. The basic difference stems from the other side that they are dealing with. At exchanges, people would trade Ethereum with each other, hence their peer-to-peer character. Brokers, on the other hand, either offer Ethereum and other cryptocurrencies at a fixed value or allow traders to speculate on their price fluctuations via Contracts for differences (CFDs).

We are now going to outline some of the basic notions that Ethereum traders should be aware of.


Crypto CFDs enable traders to speculate both on rising and falling prices. They do not invest directly in a product (or Ethereum in our case). Instead, they are trading on price fluctuations in real time.

To trade Ethereum online, traders have two options. The first one is by trading on price fluctuations via cryptocurrency CFDs, and the second one is by purchasing the digital asset itself.

Leverage and exposure to larger trading volumes

Since cryptocurrency CFD trading permits traders to use leverage, they gain exposure to larger trading volumes with a smaller initial investment. Notwithstanding, traders should be aware that despite the larger winning potential that leverage mechanisms bring, they also magnify the risks involved. ETH Trading through a brokerage platform done via CFDs does not require using a digital wallet.

Trading styles

As far as the styles of trading are concerned, traders can apply several different strategies. The first one is referred to as Day Trading, whereby traders enter and exit positions within the same day. The second one is known as Swing trading, which involves trades conducted in the short- to medium-term ranges. The third trading style goes by the name of trend trading and entails trading assets for lengthier periods.

Copy Trading

A lot of ETH Trading Brokers offer a feature called Copy Trading. This feature allows traders to imitate the trades of other customers and thus generate profits from Ethereum. This is done by identifying the desired trader and instructing the brokerage platform to mimic their trading moves.

How ETH Trading Works for Brokers

How ETH Trading Works for BrokersWhile some platforms publish a fixed price for Ethereum on their website, other types of brokers enable customers to trade Ethereum using Contracts for differences, as we already explained above. This in turn introduces the ability to open and close positions swiftly and trade with leverage. By trading in Ethereum CFDs, users do not own any Ether. However, they are enabled to trade against the coin’s value as it diminishes and increases.

In the following lines, we mention some of the ways brokers generate profits.

Fees and commissions

Fees and commissions are among the means brokers use to generate profits. Depending on the policy adopted for their pricing structure, different trading operators may follow varying strategies. For example, brokers that charge no commissions make profits relying on Bid-Ask differences.


The spread is the difference between the Bid and Ask price of a financial asset. Usually, the bid price is lower than the Ask price. Spreads could be close or wider, depending on the difference of opinion of buyers and sellers on the market.

Other Fees

Although not all cryptocurrency trading brokers charge other fees, traders should be aware that some of the platforms have overnight fees and inactivity fees. Overnight fees are charged for keeping one’s trading position open for more than a single day. As their name suggests, inactivity fees are charged when a trading account remains inactive for a particular period (most commonly for more than 12 months).

Top Ten ETH Trading Brokers

choosing a brokerTraders fascinated by Ethereum’s potential will surely be interested in the best ETH brokers, enabling them to deal with the digital asset seamlessly. When picking a trading platform, there are some fundamental features to be considered including regulatory licenses, fees, commissions, spreads, and leverage.

To help you make a knowledgeable decision, we have compiled a list of top-performing brokerage platforms offering ETH trading. We have also covered other important parameters such as accepted payment methods, reputation, user-friendliness, and portfolio diversification.

Related Topics


1. Which is the better investment: Ethereum or Bitcoin?

Essentially, choosing a digital currency to invest in depends on the risk traders can tolerate, as well as the financial gains they are willing to achieve. While Bitcoin is seen as a future global currency, Ethereum serves as a development platform. Both Ethereum and Bitcoin have the potential to rise in value.

2. When can I trade Ethereum?

Similar to the other cryptocurrency trading markets, ETH Trading is open 24/7. This is because, unlike commodities and stocks, the crypto market is distributed across a decentralized network of computers. However, ETH traders should bear in mind that successful trades are accomplished when the market activity is high.

3. Should traders use leverage with Ethereum trading?

Leveraged trades of varying ratios are possible depending on the trader’s location and their classification (whether one has a standard or professional account). With properly conducted research and carefully selected strategy, traders can benefit from leveraged trading. However, they should always bear in mind the highly volatile nature of cryptocurrencies.

4. Is there a cap for Ethereum?

Unlike Bitcoin and other cryptos, which feature a fixed amount of coins, there is no cap for Ethereum. While Bitcoin’s maximum cap is set to 21 million, there is no such issuance restriction for Ethereum.

5. What factors impact the value of Ethereum?

Traditionally, there are several major factors, which tend to affect the value of Ethereum and the rest of the cryptocurrencies. Among the main driving forces are implementations of software upgrades, listing on major exchanges, the platform’s applications, as well as approval or disapproval of the relevant government agency. Receiving international recognition and support from renowned global companies is yet another important factor.