Ethereum is the second largest cryptocurrency in the world. Ethereum started gaining traction when the price of bitcoin started slumping. Ethereum trade has also picked up and many investors are willing to put their money behind this digital currency. As a result, many Ethereum trade brokers have cropped up. Some of the brokers are trustworthy while others are not. You need to ensure that the broker you are dealing with is credible and offers you the best chance of making a profit from your trades. Your broker should offer more than just a trading platform. They should offer you all the tools you need to be able to trade successfully.
We took it upon ourselves to find out which one is the best Ethereum broker to trade Ethereum 2020. There are many Ethereum trade brokers in the industry who claim to offer all sorts of privileges. Our Ethereum experts went out to explore the various Ethereum brokers available to find out which one is the best. IQ Option rose the best Ethereum broker to trade Ethereum. There are many factors that were put into consideration while coming up with that conclusion. Below we explore these factors and all other aspects of IQ Options that make it one of the best, if not the best Ethereum broker in the industry.
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My Recommended Brokers Updated January 2020
|Broker||Min Deposit ($)||Min Stake ($)||Max Payout (%)|
|IQ Option||10||1||95||1st Choice|
|Olymp Trade||10||1||92||3rd Choice|
Any person who has been on the online trading space for a while must have heard about IQ Option. It is one of the most popular trading platforms. As part of its cryptocurrency trade, it offers Ethereum trading. You can trade Ethereum on IQ Option as pairs with other mainstream currencies. For instance, you can trade with a USD/ETH pair or a EUR/ETH pair. Before we get to how you trade Ethereum on IQ Option, here is a bit of background information about IQ Option.
IQ Option has been in operation for almost a decade now. It is operated by a Cyprus-based company and the trading platform is regulated by Cysec. IQ Option is one of the most trustworthy trading platforms in the world. It is available in most countries around the world except the ones listed below.
Its fast growth was informed by its friendly trading environment. To understand how IQ Options trading environment looks like let’s explore its trading platforms and accounts.
Trading Platform and Accounts
IQ Option has gone out of its way to ensure its trading platforms are easily accessible. They offer a desktop app, a web-based platform, and a mobile-based platform. You can connect to the platform with any device that has access to the internet. The desktop app and the web-based platform offer the best trading environment. They come with all the tools you need to be able to trade successfully and they are easy to navigate through. The mobile trading platform is accessible from both Android and iOS systems. It is a very user intuitive platform as well, and it automatically syncs your settings from your desktop or web-based platform.
For Ethereum trade, IQ Option offers three types of accounts. IQ Option also offers a demo account for beginners who are not yet competent enough to engage in the real markets. The cheapest account on IQ Options is the entry-level account which requires a minimum deposit of $10. It is a very basic account that allows you to participate in the real markets by placing trades of $1. The other accounts are the top level account and the VIP account. These require minimum deposits of $1000 and $3000 respectively. They come with additional privileges that enable you to trade successfully. The privileges increase as the minimum deposit increases.
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