How to Choose a Crypto Trading App?
Selecting the right crypto trading app involves evaluating key factors like security, usability, and regulatory compliance. Below are essential considerations:
How to Verify if the Trading App Is Regulated?
Ensure your chosen app is offered by a fully licensed and regulated broker:
- Check the Broker’s Website: Look for licensing details in the footer or "Regulation" section.
- Contact the Broker: Request regulatory information directly for clarity.
👉 Best regulated forex brokers
How to Check a Trading App’s Protection Level?
Prioritize apps that guarantee:
- Segregated client funds
- Negative balance protection
- Leverage caps (e.g., 1:30 for retail traders)
- Compensation schemes (e.g., up to 20,000 EUR under ICF)
Key Features to Look For
- Intuitive interface
- Robust security (2FA, encryption)
- Advanced trading tools (charts, indicators)
- Diverse crypto offerings (BTC, ETH, altcoins, derivatives)
- Low fees (spreads < 1.8 pips, commissions < $7)
- Fast execution (<100 ms)
- 24/7 customer support
👉 Best fast execution forex brokers
What to Avoid
- Unregulated brokers
- Poor execution speeds
- High hidden fees
- Lack of client fund protections
Avoiding Scams
- Verify broker licenses via official registers (e.g., FCA).
- Ignore unsolicited profit guarantees.
- Use only trusted brokers from FXEmpire’s curated lists.
Our Methodology
FXEmpire evaluates brokers using 250+ variables across 9 categories:
- Trust (licensing, transparency)
- Fees (spreads, commissions)
- Tradable instruments (crypto diversity)
- Platforms (mobile/desktop compatibility)
- Customer support responsiveness
- Research/education quality
Testing Process:
- Open live accounts to assess real-time performance.
- Compare spreads, execution speeds, and tools against industry benchmarks.
FAQs
Are crypto trading apps safe?
Yes, if from regulated brokers with 2FA and encryption.
What fees apply?
Floating spreads or raw spreads + volume-based commissions.
Can I trade 24/7?
Cryptocurrencies trade 24/7, unlike traditional markets.
Do apps offer demo accounts?
Most support risk-free demo trading.
Is leverage available for crypto CFDs?
Standard leverage is 1:2 for crypto CFDs.
Can I copy trade?
Yes, via apps with social trading features.
👉 Best low spread forex brokers
Why Trust FXEmpire?
- Founded in 2011 with unbiased reviews.
- Expert team with trading/journalism experience.
- Rigorous testing across 9 core categories.
Editorial Integrity: No paid promotions—strictly data-driven insights.