As you have already seen, a broker needs to offer the right crypto CFD trading platform so that you have the tools to analyse the markets. Other qualities are also extremely important.

The crypto trading and CFD industries have many trustworthy brokers, markets, exchanges, and platforms. However, you will also find instances of sites that do not deliver promised services or engage in outright fraud.

For these reasons, the first step when selecting a broker for CFD trading cryptocurrency is to always look for two things: regulation and transparency. The site should be clear about the terms, bid/ask spreads prices, account minimums, and leverage ratios. Second, they should be accredited by one of their country's financial regulators.

There are hundreds of cryptocurrencies, but few have the liquidity and stability necessary for active trading. A broker should offer the most stable and time-tested currencies.

Market access is also important. One of the advantages of cryptocurrencies is that they are available worldwide, seven days per week. You should find a broker who does not impose arbitrary market hours, like TMGM.

Brokers should offer leverage so that traders can increase the size of their positions. At the same time, crypto markets are extremely volatile, so margin ratios should be reasonable.