The best pro accounts for crypto trading should offer a balance of low fees, high liquidity, advanced trading options, and pro-level security. Matching your trading style with the right features is key.
Whether you’re looking into futures trading, margin trading, or employing specific crypto trading strategies, we’ve detailed the best crypto platforms that will meet your professional trading needs.
- What are pro accounts for crypto trading?
- Best pro accounts for crypto trading
- FXGT.com
- Coinbase Advanced
- Kraken Pro
- eToro
- AvaTrade
- Gate.io
- Robinhood
- How to choose the right pro account for your crypto trading needs
- What are the risks associated with pro-level crypto trading?
- Do pro-crypto trading accounts offer better liquidity?
- What’s the best pro account for crypto trading?
- Frequently asked questions
What are pro accounts for crypto trading?
Pro accounts in crypto trading are designed to cater to the needs of professional cryptocurrency traders, offering an array of advanced features that go beyond what is available on standard trading platforms.
These accounts often come from crypto exchanges for pro traders and are built with institutional-grade crypto trading infrastructure. One of the defining characteristics of these professional cryptocurrency trading accounts is the focus on providing high crypto trading liquidity, ensuring that large volumes can be traded without significantly impacting the market price.
According to Statista, the overall cryptocurrency trading volume over a 24-hour period has grown in 2023. The trading volume reached $1,117 billion in September 2023, implying high liquidity in the crypto market.
When it comes to trading features, pro accounts offer tools tailored to implement complex crypto trading strategies. These typically include margin trading and futures trading options that allow traders to leverage their positions for potentially higher gains or losses. High-frequency trading is another feature that is usually supported, enabling traders to make a large number of trades within seconds. Real-time market data feeds are essential in pro accounts, aiding in making timely and accurate trading decisions.
In terms of fees, pro accounts often offer a fee structure that rewards higher trading volumes with lower trading fees, making them more cost-effective for advanced traders.
These accounts also come equipped with robust crypto trading security measures, including advanced encryption and two-factor authentication, to safeguard against unauthorized access and hacks.
Additionally, the best crypto exchanges that offer these premium trading accounts provide an array of crypto trading tools, such as trading bots to automate trades and analytical tools to evaluate market trends.
Best pro accounts for crypto trading
FXGT.com
FXGT.com provides an exceptional trading experience tailored for professional crypto traders. With its PRO and ECN accounts, FXGT.com offers 12 unique trading tools available on both MT5 and MT4. One of the most loved features is the ability to open/close multiple trades with one click.
Users who opt for the PRO account benefit from zero commissions and swap-free trading on all assets for the initial six days. PRO account also features minimum spreads starting at 0.5 pips or a $5 round turn lot. Additionally, the ECN account offers traders access to raw spreads for every asset type, and commissions can reach $6 per round turn, specifically for FX asset classes..
An exceptional feature exclusive to FXGT.com is the GTi12 Index, a basket of 12 major cryptocurrencies. Once every quarter, the GTi12 Index assesses the eligibility of a cryptocurrency to be included in this index based on several criteria. These criteria include its market capitalization and liquidity.
Security-wise, the platform is top-notch. FXGT.com stands as a top-tier broker in Japan, following strict regulations to ensure the security of your funds, with the flexibility for you to withdraw at your convenience. Plus, it’s licensed by official financial authorities, such as the FSA, FSCA, and VFSC. Also, they hold the CySEC license (only for institutional traders).
In short, FXGT.com offers a safe, educational, and user-friendly environment that’s perfect for crypto trading and well-suited for professionals.
- Multiple account types for experienced traders, including ECN account
- Offers 12 unique trading tools available on both MT5 and MT4
- Signature index GTi12
- Wide range of cryptocurrencies
- Free crypto obtainable via educational programs
- Comprehensive educational resources
- Highly-rated mobile app
- Inactivity fee of $10 (or equivalent) per month after 90 days of no activity on the platform until activity resumes or the account balance drops to zero.
- Limited options for earning interest and staking crypto
- Does not support clients from Europe and USA
Coinbase Advanced
Using Coinbase for crypto trading is a good idea for several reasons. First, it offers a wide variety of cryptocurrencies. Second, the platform provides both simple and advanced trading tools. If you’re a beginner, the easy-to-use interface is perfect. For more experienced traders, the advanced features offer in-depth analysis.
Coinbase also makes learning about crypto fun and rewarding with its Coinbase Earn program. You can get free crypto for taking quick educational courses on different digital currencies.
Plus, you can earn interest on some of your cryptocurrencies, like USD Coin and Ethereum, directly through your Coinbase account. They even offer a Coinbase debit card that lets you spend your cryptocurrencies easily, and you can earn up to 4% back in crypto rewards.
However, be cautious of their fee structure. Simple trades come with higher fees, and even their staking services can be costly. Rewards are also limited to certain cryptocurrencies. So, while it’s a robust platform, make sure to consider the costs.
- Wide range of cryptocurrencies
- User-friendly and expert trading options
- Get free crypto through educational programs
- Comprehensive educational resources
- Highly-rated mobile app
- Earn interest on select cryptocurrencies
- Coinbase debit card available
- Confusing fee setup
- Expensive fees for some trades
- Limited options for earning interest and staking crypto
Kraken Pro
Kraken Pro is a solid choice that ticks a lot of boxes. One of its standout features is security; being a U.S.-based exchange that’s been around since 2011 without any security incidents is a strong vote of confidence.
Kraken Pro is also a versatile platform. The platform also encourages users to adopt healthy security practices, adding an extra layer of safety.
Kraken Pro is one of the advanced crypto trading platforms that offers features that can meet the needs of both novice and professional traders. These include margin trading with up to 5x leverage, stop orders, and even a ‘dark pool’ for anonymous, high-volume trading.
Kraken’s fees are competitive. Moreover, if you’re interested in making your crypto work for you, Kraken offers strong staking options. Users can stake over 15 different cryptos and earn anywhere from 0.25% to more than 20% in returns, making it a good platform for generating passive income as well.
- Top-notch security measures
- Offers a wide variety of cryptocurrencies to trade
- Provides advanced trading tools like margin trading and stop orders
- Reasonable and competitive trading fees
- Offers staking options for earning passive income
- Starter accounts have limited features and capabilities
- Funding your account can take longer than expected
- Doesn't offer built-in tools or support for tax reporting
eToro
eToro is a big deal in the trading world, with millions of users across 140 countries. It’s been around since 2007, so they know what they’re doing. There is a unique feature called CopyTrader, which lets you automatically copy the trades of experienced investors. It’s like having a mentor, but automated.
The minimum trade is just $10, and eToro only charge a 1% fee for crypto trades. If you’re new to trading, you can practice with a $100,000 virtual account before diving into the real thing. There is also a user-friendly mobile app and a digital wallet to keep your assets secure.
If you’re into crypto and maybe even stocks or ETFs, eToro offers a wide variety of options with some cool features to make trading easier and more interactive.
- You can copy what successful traders are doing, almost like having a virtual mentor
- The app is not just easy to use; it also has advanced features for trading on the go
- If you live in certain U.S. states, you won't be able to use eToro's crypto trading service
- You can't trade one cryptocurrency directly for another on this platform
AvaTrade
You should consider using AvaTrade for crypto trading for several reasons. First off, AvaTrade is a globally recognized platform that operates under the regulations of multiple international authorities, ensuring your trading is secure. It also offers a user-friendly interface with platforms like MetaTrader 4 and AvaTradeGO, making it a reliable choice for both beginners and experienced traders.
The platform also provides competitive spreads, diverse asset options, and educational resources to enhance your trading experience. It’s known for its quick and free-of-charge deposit and withdrawal processes, as well as its innovative risk management tools like AvaProtect. This feature safeguards your trades from market volatility for a small fee, giving you an added layer of financial security. Plus, there are no commission charges on cryptocurrency trades, making it a cost-effective option.
- Highly regulated in multiple jurisdictions
- Offers a variety of trading platforms including MetaTrader, AvaTrade WebTrader, and AvaTradeGO
- Innovative features like AvaProtect for risk management
- Extensive financial instruments (over 1200 CFDs, not just cryptocurrencies)
- Strong social copy trading options, including AvaSocial, ZuluTrade, and DupliTrade
- Pricing for retail accounts is average and not as competitive as some industry leaders
- The AvaOptions desktop platform is slow and has an outdated design
- Limited asset availability with 351 symbols on hold across platforms
Gate.io
You should consider using Gate.io for crypto trading because it offers a huge variety of over 1,700 cryptocurrencies, including most of the big names and many lesser-known coins.
No matter where you are in the world, Gate.io accepts around 50 types of traditional money, like U.S. dollars or British pounds, making it very accessible.
Additionally, the platform has a bunch of advanced trading options, from simple spot trading to futures and leveraged trades. If you’re into NFTs, they’ve got a marketplace for that, too. The highest fee you’ll pay for a trade is 0.2%, and there are ways to make it even cheaper, like using Gate.io’s own token.
While trading fees are reasonable, withdrawal fees can be high, and you can’t withdraw your money in fiat currencies directly from the platform.
- Wide range of cryptos
- Advanced trading features
- Reasonable trading fees
- Unclear status in the United States
- Not user friendly
- No fiat withdrawals
Robinhood
Robinhood is a user-friendly app that lets you trade stocks and cryptocurrencies without any trading fees. It’s regulated by U.S. financial authorities, so it’s a secure place to invest your money. Even if you’re new to trading, getting started is simple; just download the app, sign up, and you can begin trading in minutes.
While there are limitations if you want to transfer crypto in or out of Robinhood, you can buy or sell bitcoin, ether, and other popular cryptocurrencies to take advantage of their price changes. Plus, Robinhood offers a debit card feature that lets you easily spend your earnings.
So, if you’re looking for a hassle-free, cost-effective way to get started in crypto trading, Robinhood is a good option to consider.
- Easy-to-use app for both phones and computers
- No fees for trading cryptocurrencies
- Offers a debit card for quick access to funds
- Lets you trade both stocks and cryptocurrencies
- Involved in past controversies over selling user data
- Only accessible for U.S. residents
- Unavailable in four U.S. states
- Limited range of cryptocurrencies
- Has experienced security issues before
How to choose the right pro account for your crypto trading needs
Consider your trading style
Choosing the right platform for crypto trading really depends on your personal trading style and individual circumstances. For instance, when comparing Binance vs. Binance.US, it’s worth noting the variations in accessibility and offerings due to regulatory differences in various regions. Additionally, if you’re a day trader who makes quick moves, you’ll want a platform with real-time data and low fees for frequent transactions.
Some platforms have simple interfaces for beginners, while others offer advanced charting tools for more experienced traders. So, it’s important to pick a platform that fits your individual needs and trading style.
Evaluate fees and costs
It’s crucial to consider the fees and costs associated with trading. These can eat into your profits, especially if you’re making frequent trades. Some platforms charge higher fees for simple trades, which can be costly for beginners who are not yet comfortable with advanced trading options.
Make sure to check the fee structure and compare it with your trading style. If you’re a day trader making multiple trades a day, lower transaction fees will be a priority for you.
Conversely, if you’re a long-term investor, you might focus on other features like a wide selection of cryptocurrencies or interest-earning opportunities, where the impact of trading fees could be less significant. Always align the platform’s fee structure with your own trading habits to get the most value.
Examine security measures
Security is a critical factor to consider. When picking a platform, ensure it has strong security features to protect your investments. Look for two-factor authentication, encryption, and cold storage for funds. Understanding how the crypto assets are stored or used by the platform is extremely important so you can avoid being involved in a crypto exchange collapse, such as the 2022 FTX contagion.
Research whether the platform has ever suffered from security incidents and how these were resolved. You should have peace of mind while trading instead of worrying about platform security.
Assess trading tools and features
When choosing a pro account for crypto trading, you should look at the trading tools and features the platform offers. Some platforms offer both simple and advanced trading tools.
Look for features like technical indicators, live order books, and limit orders. These can help you make more informed decisions. Also, consider whether the platform offers relevant educational content or market analysis to help you improve your trading skills.
Basically, the more tools and features a platform has, the more flexibility you’ll have in executing your trading plan. So, take the time to research and compare these aspects before deciding.
What are the risks associated with pro-level crypto trading?
Firstly, cryptocurrencies are super volatile, meaning that prices can go up or down really fast and unexpectedly. Imagine waking up to discover the money you invested has suddenly lost half its value!
Secondly, the crypto world isn’t really watched over by any government. If something goes wrong, like hacking or technical glitches, you’re often pretty much on your own (the curse and blessing of decentralization!) Also, sometimes, the tech behind a crypto or blockchain can change suddenly (e.g., “hard forks”). An event like this one can also significantly impact the market.
When it comes to using special cryptocurrency trading accounts like spread bets or CFDs, the risks become greater. You’re basically making bets on steroids, where both wins and losses can be huge, even if you only put down a little money to start. And because prices can leap from one point to another, safety nets like “stop-loss” might not work as you’d expect, causing you to lose more.
Trading this way is not for everyone; it’s more suited for folks who know what they’re doing and have a high risk appetite.
Do pro-crypto trading accounts offer better liquidity?
Having a pro trading account generally doesn’t guarantee better liquidity for your trades. Liquidity means how easily you can turn your assets into cash. In traditional markets, brokers help you get the best prices by pooling various sources of liquidity, but in the crypto market, it’s not that simple.
Each crypto exchange, including decentralized exchanges, tends to have its own pool of liquidity, and these are often scattered across multiple exchanges. Depending on where you’re trading, this can result in different prices for the same asset.
So even if you have a pro account, you’re not necessarily getting access to better or more liquidity; you’d have to have funds in multiple exchanges to really take advantage of the entire liquidity pool.
What’s the best pro account for crypto trading?
If low trading fees and high crypto trading liquidity are your priorities, some exchanges excel more than others. For traders focused on futures and margin trading, or even high-frequency trading, certain platforms offer these services with institutional-grade crypto trading security. As for crypto trading strategies, premium cryptocurrency trading accounts often provide advanced features like trading bots and real-time market data that can be pivotal for professional crypto traders.
In the landscape of professional cryptocurrency trading, choosing the right pro account can make all the difference for those serious about maximizing profits. When it comes to professional cryptocurrency trading, there’s a lot to consider. From advanced crypto trading platforms to crypto trading tools tailored for analytical depth, pro accounts offer a variety of pro-level crypto trading features.
Frequently asked questions
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