Ripple brokers and exchanges allow you to trade XRP by either buying the token directly or speculating on its price through derivatives. Dig into DayTrading.com’s pick of the best brokers and exchanges for trading Ripple, revealing high-trust, low-cost platforms with excellent tools.
Top 6 Ripple Brokers & Exchanges 2026
After testing 143 platforms, we’ve identified the 6 best options for secure XRP trading in Spain:
-
- Crypto Spread: $12 (BTC)
- Platforms: MT4, MT5, TradingView, TradeLocker
- Min. deposit: $100
71.28% of retail traders lose money when trading CFDs -
- Crypto Spread: 0.22%
- Platforms: xStation
- Min. deposit: $0
75% of accounts lose money when trading CFDs with this provider. -
- Crypto Spread: 19.75 (BTC/USD)
- Platforms: FBS App, MT4, MT5
- Min. deposit: $5
-
- Crypto Spread: 12 average (Bitcoin)
- Min. deposit: $0
- Regulator: FMA, FSA
-
- Crypto Spread: Variable
- Platforms: MT4, MT5
- Min. deposit: $0
84.6% of retail CFD accounts lose money. -
- Coins: BCH, BTC, ETH, LTC, XRP, IOTA, NEO, EOS, XMR
- Crypto Spread: Variable
- Platforms: WebTrader, App
81% of retail CFD accounts lose money.
Learn how we test brokers and why you can trust our ratings.
Why Are These Brokers the Best for Trading XRP?
Here’s a quick summary of why we believe these platforms lead the way for Ripple (XRP) trading:
- Eightcap is the best XRP broker in Spain in 2026 4.6/5 Eightcap’s crypto offering is best-in-class with 120+ crypto derivatives, surpassing that of almost every alternative. Testing also reveals Bitcoin spreads of 12 pips, coming in lower than most competitors. Add in convenient deposits and withdrawals in digital currencies, and Eightcap offers the complete package for serious crypto traders.
- XTB 4.8/5 XTB offers an excellent selection of cryptos with more than 50 digital currencies. Spreads are tight starting from 0.22% on BTC and leverage reaches 1:5. The xStation platform also provides intra-crypto pairs like ETH/BTC and DSH/BTC. With the capability to trade cryptos 24/7, XTB ensures a secure environment with transparent accounts for cryptocurrency day trading.
- FBS 4.3/5 FBS offers trading on crypto/metal, crypto/crypto or crypto/fiat pairs, making the broker a great pick for traders looking to diversify their digital asset portfolios. Spreads are also reasonable, averaging around 20.0 for BTC/USD.
- BlackBull 4.5/5 BlackBull excels for active traders interested in trading crypto. It has grown its selection of cryptocurrencies, now providing 27+ digital tokens, including Bitcoin, Ethereum, and Trump, with all cryptos paired with USD. But pricing is where it excels, with testing revealing average spreads of around 12 on BTC/USD - less than half that of competitors like Eightcap, plus there’s no commission, making it considerably cheaper than most crypto CFD brokers. BlackBull also offers separate well-presented crypto guides for beginner, intermediate and advanced traders. Up to 1:100 leverage is available on cryptos.
- FXCC 4.6/5 FXCC has ramped up its range of cryptocurrencies for trading, going from under 10 to more than 30. There are no restrictions on crypto day trading strategies with Expert Advisors (EAs) permitted. Digital currencies can be traded 24/7 with no commission and leverage up to 1:20.
- Plus500 4.1/5 Investors can trade on rising and falling prices with CFDs on popular cryptos like Bitcoin. Plus500 also stands out for its crypto indices, which offer diversification opportunities by tracking a basket of leading digital currencies. Availability subject to regulation.
Compare the Top XRP Brokers and Exchanges Across Key Features
Find the best XRP trading platform for your needs by comparing critical features valued by active Ripple traders:
| Broker | XRP Margin Trading | Payment Methods | Regulators |
|---|---|---|---|
| Eightcap | ✔Yes | Bitcoin Payments, BPAY, Credit Card, Debit Card, Dragonpay, FasaPay, Neteller, PayPal, PIX Payment, Skrill, UnionPay, Visa, Wire Transfer | FCA, ASIC, CySEC, FSC, SCB, FSA |
| XTB | ✔Yes | Credit Card, Debit Card, Maestro, Mastercard, Neteller, PayPal, Paysafecard, Skrill, Visa, Wire Transfer | FCA, CySEC, KNF, DFSA, FSC, SCA, CMF, Bappebti |
| FBS | ✔Yes | AstroPay, Bitwallet, Credit Card, Debit Card, Doku Wallet, FasaPay, JCB Card, M-Pesa, Maestro, Mastercard, Neteller, Perfect Money, PIX Payment, Rapid Transfer, Skrill, Sticpay, Visa, Wire Transfer | ASIC, CySEC, FSCA, FSC |
| BlackBull | ✔Yes | Airtm, Bitcoin Payments, Boleto, Credit Card, Debit Card, Ethereum Payments, FasaPay, Mastercard, Neteller, Skrill, UnionPay, Visa, Wire Transfer | FMA, FSA |
| FXCC | ✔Yes | Bitcoin Payments, Credit Card, Debit Card, Ethereum Payments, Klarna, Mastercard, Neteller, Skrill, Sofort, Visa, Wire Transfer | CySEC, MISA |
| Plus500 | ✔Yes | Apple Pay, Credit Card, Debit Card, Mastercard, PayNow, PayPal, Skrill, Trustly, Visa, Wire Transfer | FCA, CySEC, EFSA, ASIC, FMA, FSCA, MAS, ISA, FSA, DFSA, SCA, JFSA, SCB, CIRO, BAPPEBTI, OJK, BI |
How Safe Are These XRP Trading Platforms?
Security matters - especially in crypto. See how the top XRP brokers protect user funds:
| Broker | Trust Rating | Guaranteed Stop Loss | Negative Balance Protection | Segregated Accounts |
|---|---|---|---|---|
| Eightcap | ✘No | ✔Yes | ✔Yes | |
| XTB | ✘No | ✔Yes | ✔Yes | |
| FBS | ✘No | ✔Yes | ✔Yes | |
| BlackBull | ✘No | ✔Yes | ✔Yes | |
| FXCC | ✘No | ✔Yes | ✔Yes | |
| Plus500 | ✔Yes | ✔Yes | ✔Yes |
Compare XRP Mobile Trading Platforms
We tested mobile apps for speed, reliability, and features - here’s how the best XRP brokers performed on mobile:
| Broker | Mobile Apps | iOS Rating | Android Rating | Smart Watch App |
|---|---|---|---|---|
| Eightcap | iOS & Android | ✘No | ||
| XTB | iOS & Android | ✔Yes | ||
| FBS | iOS & Android | ✘No | ||
| BlackBull | iOS & Android | ✘No | ||
| FXCC | iOS & Android | ✘No | ||
| Plus500 | iOS, Android & Windows | ✘No |
Are These Top XRP Brokers Beginner-Friendly?
If you’re new to Ripple trading, here's how these brokers offer intuitive tools and educational resources to help you get started:
| Broker | Demo Account | Minimum Deposit | Minimum Trade | Education Rating | Support Rating |
|---|---|---|---|---|---|
| Eightcap | ✔Yes | $100 | 0.01 Lots | ||
| XTB | ✔Yes | $0 | 0.01 Lots | ||
| FBS | ✔Yes | $5 | 0.01 Lots | ||
| BlackBull | ✔Yes | $0 | 0.01 Lots | ||
| FXCC | ✔Yes | $0 | 0.01 Lots | ||
| Plus500 | ✔Yes | $100 | Variable |
Are These XRP Brokers Suitable for Experienced Traders?
Advanced XRP traders demand more - see which platforms offer the tools, analytics, and speed needed for a serious edge:
| Broker | Automated Trading | VPS | AI | Pro Account | Leverage | Low Latency | Extended Hours |
|---|---|---|---|---|---|---|---|
| Eightcap | Expert Advisors (EAs) on MetaTrader | ✔Yes | ✘No | ✔Yes | 1:30 | ✔Yes | ✘No |
| XTB | - | ✘No | ✘No | ✔Yes | 1:30 | ✔Yes | ✘No |
| FBS | Expert Advisors (EAs) on MetaTrader | ✔Yes | ✔Yes | ✘No | 1:30 | ✔Yes | ✘No |
| BlackBull | Expert Advisors (EAs) on MetaTrader, cBots on cTrader | ✔Yes | ✔Yes | ✘No | 1:500 | ✔Yes | ✘No |
| FXCC | Expert Advisors (EAs) on MetaTrader | ✔Yes | ✘No | ✘No | 1:30 | ✔Yes | ✘No |
| Plus500 | ✘No | ✘No | ✔Yes | ✘No | ✔Yes | ✘No | ✘No |
Compare Ratings of the Top XRP Brokers and Exchanges
See how each XRP trading platform scored in essential categories based on our expert-led evaluation:
| Broker | Trust | Platforms | Assets | Mobile | Fees | Accounts | Research | Education | Support |
|---|---|---|---|---|---|---|---|---|---|
| Eightcap | |||||||||
| XTB | |||||||||
| FBS | |||||||||
| BlackBull | |||||||||
| FXCC | |||||||||
| Plus500 |
Community Sentiment
See how users rate these brokers based on the average customer ratings submitted on DayTrading.com, plus ratings from Trustpilot, the Apple App Store and Google Play.
| Broker | Our Users' Rating | Trustpilot Score | Trustpilot Reviews | iOS App Rating | Android App Rating |
|---|---|---|---|---|---|
| Eightcap | 3910 | ||||
| XTB | 3097 | ||||
| FBS | 10359 | ||||
| BlackBull | 3524 | ||||
| FXCC | 231 | ||||
| Plus500 | 20276 |
How Popular Are These XRP Brokers?
Find out which XRP brokers and exchanges have built the biggest followings:
Why Trade Ripple (XRP) with Eightcap?
Eightcap delivers in every area for day traders with a growing selection of charting platforms, education via Labs, and AI-powered tools. Now sporting 120+ crypto CFDs, it's also become a stand-out choice for crypto trading, winning our 'Best Crypto Broker' award two years in a row.
Christian Harris, Reviewer
Eightcap quick facts
- Coins
- BTC, ETH, LTC, BCH, XRP, XMR, DSH, EOS, XLM, ADA, TRX, DOGE, BNB, DOT, MATIC, VET, AXS, NEO, SOL, UNI, AAVE, KSM, THETA, CAKE, SUSHI, ATOM, XTZ, SNX, COMP, FLOW, EGLD, PUNDIX, RAY, ZIL, QTUM, BAND, OMG, FIDA, BADGER, NEAR and many more
- Crypto Mining
- ✘No
- Auto Market Maker
- ✘No
- Crypto Spread
- $12 (BTC)
- Crypto Lending
- ✘No
- Crypto Staking
- ✘No
- Platforms
- MT4, MT5, TradingView, TradeLocker
- Minimum Deposit
- $100
- Regulator
- FCA, ASIC, CySEC, FSC, SCB, FSA
- Account Currencies
- USD, EUR, GBP, CAD, AUD, NZD, SGD
Pros
- Eightcap stands out with a selection of powerful trading tools and resources, including MT4 and MT5, and more recently the 100-million strong social trading network TradingView.
- Eightcap Challenges, the broker's prop trading firm, is multi-regulated, removing the third-party risks we commonly see with white-label prop firms, and its tailoring its funded accounts to crypto traders with around 150 crypto pairs, plus it's integrated into the TradingView interface.
- Eightcap has brought in GOLD247 for 24/7 trading opportunities on a gold/USD CFD with leverage up to 1:20, minimum trade size of 0.01 lots, and no commission, appealing to weekend traders interested in the precious metal.
Cons
- Despite a useful library of educational guides and e-books in Labs, Eightcap still trails IG’s comprehensive toolkit for aspiring traders with its dedicated IG Academy app and 18 course categories.
- Eightcap needs to continue bolstering its suite of 800+ instruments to match category leaders like Blackbull Markets with its 26,000+ assets, featuring a particularly weak selection of commodities.
- In spite of an increasing variety of tools, Eightcap doesn't offer industry favorites like Autochartist or Trading Central, which offer cutting-edge charting analytics, live news, and market insights for short-term traders.
Why Trade Ripple (XRP) with XTB?
XTB stands out as a top choice for new day traders with the terrific xStation platform, low trading costs, no minimum deposit, and excellent educational tools, many of which are seamlessly integrated into the platform.
Christian Harris, Reviewer
XTB quick facts
- Coins
- ADA, BTC, BCH, DSH, EOS, ETH, IOTA, LTC, NEO, XRP, XLM, TRX, XEM, XLM, XMR, DOGE, BNB, LINK, UNI, DOT, XTZ
- Crypto Mining
- ✘No
- Auto Market Maker
- ✘No
- Crypto Spread
- 0.22%
- Crypto Lending
- ✘No
- Crypto Staking
- ✘No
- Platforms
- xStation
- Minimum Deposit
- $0
- Regulator
- FCA, CySEC, KNF, DFSA, FSC, SCA, CMF, Bappebti
- Account Currencies
- USD, EUR, GBP
Pros
- Opening an XTB account is a hassle-free, entirely online process that takes just a few minutes, making the entry into day trading smooth for new traders.
- XTB has boosted its interest rate on uninvested balances and added zero-fee ISAs (On ETFs and real shares, or 0.2% with transactions over €100k) for UK clients with a huge range of markets available.
- With an excellent range of educational materials, including training videos and articles integrated into the platform, XTB supports traders at all levels.
Cons
- The demo account expires after just four weeks, a serious limitation for traders who wish to thoroughly test the xStation platform and practice short-term strategies before committing real funds.
- Trading fees are competitive with average spreads of around 1 pip on the EUR/USD but still trail the cheapest brokers like IC Markets, plus there's an inactivity fee after 12 months.
- XTB does not offer a raw spread account, which is becoming increasingly common among competitors like Pepperstone, and may disappoint day traders looking for the tightest spreads.
Why Trade Ripple (XRP) with FBS?
FBS is an excellent choice for day traders at every level and budget, with just a $5 minimum deposit and intensive academy for aspiring traders alongside access to MT4 and MT5.
Christian Harris, Reviewer
FBS quick facts
- Coins
- BCH, BTC, ETH, LTC, XRP, TRX, DOGE, SOL, XLM, BNB, ETC, ADA, DOT, LINK, UNI, SHIB, AVA, TON
- Crypto Mining
- ✘No
- Auto Market Maker
- ✘No
- Crypto Spread
- 19.75 (BTC/USD)
- Crypto Lending
- ✘No
- Crypto Staking
- ✘No
- Platforms
- FBS App, MT4, MT5
- Minimum Deposit
- $5
- Regulator
- ASIC, CySEC, FSCA, FSC
- Account Currencies
- USD, EUR, AUD
Pros
- The trading firm has picked up over 90 awards and amassed more than 27 million clients, making it one of the largest and most established brokers globally.
- 24/7 customer support that performed excellently during testing is available, alongside a $5 minimum deposit, and a huge variety of 200+ funding options, making it ideal for traders with small accounts.
- The introduction of the FBI Assistant has given active traders useful, AI-powered intelligence to assess charts and patterns with potential trade ideas that can be executed in one click.
Cons
- Despite enhancing the selection of currency pairs, now providing over 70, FBS still trails industry leaders like BlackBull Markets in its market offering with a particularly narrow selection of commodities and indices.
- Although the FBS app offers a terrific mobile trading experience for aspiring traders and MT4/MT5 cater to advanced traders, the absence of cTrader and TradingView, which are increasingly offered by alternatives like Pepperstone, will deter day traders familiar with these platforms.
- There are limited currencies available - primarily EUR and USD, AUD - which isn't practical for minimizing currency conversion fees for many global traders, and is especially striking given the broker’s user base spans over 150 nations.
Why Trade Ripple (XRP) with BlackBull?
After improving its trading infrastructure with Equinix servers in London, reducing latency for traders, BlackBull is an obvious choice if you want to day trade stock CFDs with ECN pricing. With competitive spreads and no commission on a growing roster of digital tokens paired with USD, BlackBull also works for active crypto traders.
Christian Harris, Reviewer
BlackBull quick facts
- Coins
- BTC, ETH, SOL, XLM, XRP, BCH, ADA, SUI, TRUMP, LNK, DOT, DOGE, AAVE, AXS, HED, LTC, TRX, UNI, PYTH, ARB, BNB, AVAX, NEAR, ILV, ATM, INJ, POLY
- Crypto Mining
- ✘No
- Auto Market Maker
- ✘No
- Crypto Spread
- 12 average (Bitcoin)
- Crypto Lending
- ✘No
- Crypto Staking
- ✘No
- Platforms
- BlackBull Invest, BlackBull CopyTrader, MT4, MT5, cTrader, TradingView, AutoChartist
- Minimum Deposit
- $0
- Regulator
- FMA, FSA
- Account Currencies
- USD, EUR, GBP, CAD, AUD, NZD, JPY, ZAR, SGD
Pros
- BlackBull is a much greater fit for aspiring traders following the overhaul of its ECN Prime account, now featuring improved spreads averaging 0.16 on EUR/USD and a more accessible minimum deposit of $0 compared to the old $2,000.
- BlackBull offers every ingredient for day traders; fast execution speeds of <100ms and tight spreads from 0.0 pips.
- After partnering with ZuluTrade and Myfxbook, alongside improvements to its own CopyTrader, and finally enabling cTrader Copy, BlackBull offers one of the most comprehensive copy trading experiences we've seen.
Cons
- Although the Education Hub now features improvements like webinars and tutorials, the courses we’ve explored need more focus on explaining the wider economic factors influencing prices.
- Unlike most top brokers, BlackBull charges an irritating $5 withdrawal fee, which can detract from the overall cost-effectiveness, especially for active traders who frequently move funds.
- Despite a growing selection of 2,180+ assets, including additions to its Asia Pacific indices, they are mainly stocks with an average selection of currency pairs and indices.
Why Trade Ripple (XRP) with FXCC?
FXCC continues to prove itself an excellent option for day traders with a particularly strong selection of 70+ currency pairs, ultra-tight spreads from 0.0 pips during testing, and a free VPS for qualifying traders.
Jemma Grist, Reviewer
FXCC quick facts
- Coins
- BTC, BCH, ETH, LTC, XMR, DASH, XRP, ALG, ATO, AVE, AVX, AXS, BNB, BSV, CKE, DOT, ENJ, FTM, LNK, MEL, MNA, MTC, SHB, SND, SNX, SOL, TRP, UNI, WAV, XTZ, YFI
- Crypto Mining
- ✘No
- Auto Market Maker
- ✘No
- Crypto Spread
- Variable
- Crypto Lending
- ✘No
- Crypto Staking
- ✘No
- Platforms
- MT4, MT5
- Minimum Deposit
- $0
- Regulator
- CySEC, MISA
- Account Currencies
- USD, EUR, GBP, CAD
Pros
- Customer support still relies on human agents with response times of under three minutes on live chat during our tests and knowledgeable reps - a welcome break from the frustrating AI chatbots increasingly offered by brokers.
- The free VPS for qualifying traders and the ability to build or buy EAs on MetaTrader make FXCC a strong option for algo traders.
- FXCC has stepped up its offering over the years, adding MT5 to its suite of platforms, hundreds of stocks and more cryptos to its product line-up, plus a copy trading feature and greater margin trading opportunities.
Cons
- Although the economic calendar has benefited from a facelift, FXCC still offers very little in terms of market research beyond basic daily technical analysis and aggregated market news, with no tools like Autochartist or social sentiment data.
- Although regulated by the CySEC, FXCC’s offshore entity operates with weak regulatory oversight from MISA and may not provide safeguards like investor compensation in the event of broker insolvency.
- Although FXCC has bolstered its range of markets with US, European and Asian stocks, the choice of metals and energies is light, and there are no soft commodities.
Why Trade Ripple (XRP) with Plus500?
Plus500 offers a super-clean experience for traders with a CFD trading platform that sports a modern design and dynamic charting. That said, the broker’s research tools are limited, fees trail the cheapest brokers, and there’s room for enhancement in its educational resources.
Christian Harris, Reviewer
Plus500 quick facts
- Coins
- BCH, BTC, ETH, LTC, XRP, IOTA, NEO, EOS, XMR
- Crypto Mining
- ✘No
- Auto Market Maker
- ✘No
- Crypto Spread
- Variable
- Crypto Lending
- ✘No
- Crypto Staking
- ✘No
- Platforms
- WebTrader, App
- Minimum Deposit
- $100
- Regulator
- FCA, CySEC, EFSA, ASIC, FMA, FSCA, MAS, ISA, FSA, DFSA, SCA, JFSA, SCB, CIRO, BAPPEBTI, OJK, BI
- Account Currencies
- USD, EUR, GBP, AUD, ZAR, CZK
Pros
- AI Bites has been added, giving active traders real-time, AI-generated market summaries, technical analysis, and social sentiment next to charts, aiding in short-term trading decisions
- The customer support team continue to provide reliable 24/7 support via email, live chat and WhatsApp
- The broker offers low commission trading on a diverse range of markets, minimizing additional fees while appealing to established traders
Cons
- Algo trading and scalping are not supported, which may deter some day traders
- Compared to some competitors, especially IG, Plus500’s research and analysis tools are limited
- The absence of social trading means users can’t follow and replicate the trades of experienced traders
How DayTrading.com Chose The Top XRP Brokers And Exchanges
We ranked Ripple (XRP) brokers and exchanges using overall ratings informed by over 200 metrics across eight core categories.
Hands-on platform tests were also conducted by our team, including traders who actively hold XRP in their own portfolios, ensuring practical, real-world relevance.
Broker Or Exchange?
The largest volume of crypto transactions, including for XRP, takes place on dedicated crypto exchanges like Kraken and BitMEX.
However, as the regulatory environment for cryptocurrencies developed, crypto brokers have also become commonplace.
From our standpoint, the most important difference between a Ripple exchange and a broker is that reputable regulators do not tend to licence exchanges as they do brokers.
This means that exchanges are not always obliged to meet the stringent criteria needed to obtain a licence from a regulator on our ‘green-tier’ list, such as the UK’s Financial Conduct Authority (FCA), and will not be obliged to regularly report activities to maintain a licence.
Traders on an exchange will also miss out on protections that must be provided to clients of brokers, such as the £85,000 indemnity cover available in the UK from FCA-regulated brokers.
Of course, there are some benefits to trading with an exchange – the range of crypto assets is usually higher, with more tokens paired with Ripple; the spreads might be slightly narrower; and you will not be constrained by regulatory rules like leverage caps.
But generally we opt for the more secure XRP brokers and suggest all but the most experienced crypto day traders to do the same.
How To Choose A Ripple Provider
These are the critical areas to consider when choosing an XRP trading provider:
Trust
Always take the time to ensure the broker or exchange you deal with is reputable and above board – this is the most important step you can take to protect your hard-earned cash.
Ripple’s own CTO, David Schwartz, has warned of the potential for crypto scams built on the XRPL network, illustrating the added risk of day trading crypto tokens like XRP.
This is why we always use the following steps to assess the reliability of a broker or exchange as a priority in our reviews:
- We thoroughly assess cover by regulators and other third-party organizations. For a broker, this involves identifying which regulators have granted licences and checking that all of these are up to date. For an exchange, we might check for third-party auditing and specific registrations (such as a Money Services Business registration in the US).
- We prioritize brokers and exchanges that have been in the business serving large client bases for a long time.
- We form our opinion about the broker by personally testing its products.
There are also some red flags we look out for when assessing whether a Ripple exchange or broker is reliable:
- We check the track record of Ripple brokers and exchanges to find and rule out any that have been involved in fraudulent or unscrupulous activity.
- We read through the firm’s website and promos to look for poorly spelt and ungrammatical material – in our experience, sure signs of an unprofessional if not openly fraudulent company.
- We carefully check the URL of a site to ensure it is not a clone of a legitimate firm.
- We instantly rule out any broker or exchange that approaches us via social media, or that advertises unrealistic or guaranteed returns on investment.
- Year after year, Pepperstone remains one of our most trusted Ripple brokers as it has consistently maintained the high standards required for its licences from numerous top regulators, including the FCA and the Australian Securities and Investments Commission (ASIC).
Trading Vehicles
Whether you buy and sell XRP directly or speculate on price movements through a crypto derivative, the trading vehicle makes a huge different to your trading style so choose wisely.
We’ve found that XRP day trading often relies on derivatives such as crypto CFDs as these can be used to make long or short plays with leverage.
- FXCC‘s XRP/USD CFDs continue to be an enticing way to speculate on Ripple, allowing both long and short plays with leverage of 1:5 – more than enough to take advantage of this volatile instrument’s price swings.
Charting Platforms
You should choose a provider with a platform that allows you to easily research markets and read Ripple charts.
Many experienced traders prefer the tried and tested MetaTrader 4 and MetaTrader 5 platforms, as these are available from the largest range of brokers and come with a good range of indicators and support for algorithmic trading.
Newer platforms like TradingView have gained traction among our team and other XRP traders, as they improve the user experience with the increased number of integrated tools and social-trading features.
Finally, proprietary platforms are commonly offered by exchanges and some brokers, and are sometimes custom-built to suit the available assets.
- FOREX.com still tops our Ripple broker charts for its platform options, which include MT4, MT5 and TradingView as well as a proprietary Web Trader. These are supplemented by news and data feeds as well as tools such as Trading Central, making for a comprehensive suite with the power to take your XRP trades up a level.
Pricing
We’ve found that pricing is paramount for day traders choosing a Ripple broker or exchange, as short-term trading quickly racks up fees.
In our experience, brokers and exchanges generally build their fees into the price of trading through a spread – the difference in price between buying and selling an XRP token.
We’ve also found that exchanges use pricing models based on ‘maker’ and ‘taker’ fees – that is, fees levied on the spread of market makers who add liquidity through limit orders, and takers whose market orders are executed immediately.
Maker fees are usually cheaper than taker fees, and many exchanges offer discounted rates for high-volume traders.
When it comes to pricing, I’ve found that exchanges usually beat out crypto brokers since they usually operate as peer-to-peer networks, whereas brokers are intermediaries. However, you have to weigh that against the additional services and added reliability provided by brokers, and I’m usually happy to trade XRP with the latter.
Jemma GristAuthor- IC Markets consistently beats out other Ripple brokers when it comes to pricing, with no commission charged on its crypto CFD trades and transparent pricing on its website, which quotes its minimum and average spreads, both of which are in our experience among the lowest on the market.
Execution Quality
You should choose an XRP provider with high execution quality because you’ll need fast execution with minimal slippage to make the most of your Ripple day trades.
In our experience, execution speeds below 100ms can be considered fast, though some Ripple brokers achieve average speeds that are significantly faster.
Some brokers also provide guarantees against requotes, ensuring that your order will go through at the quoted price.
- Our experts rate FxPro as one of the best Ripple brokers for execution quality due to its consistently fast execution – often under 13 milliseconds – with minimal slippage and a no requotes policy.
Account Options
Fast and low-cost deposits and withdrawals are an under-appreciated feature of a good broker, but we place a high value on this.
It’s incredibly frustrating to miss out on a golden trading opportunity because trading funds don’t reach your account on time, or to see your profits melt away in withdrawal charges or other non-trading fees, so you should pay attention, too.
Other important account options to look out for include crypto deposits – a big plus for Ripple traders – and the provision of swap-free accounts for Islamic traders.
- AvaTrade offers trading on XRP with reliable, fast and low-cost account funding and withdrawals. Payment methods include Skrill, Wire Transfer, WebMoney, Debit Card, and Boleto.
Bottom Line
Ripple brokers enable traders to speculate on the price of XRP, a unique altcoin that acts as a bridge, complementing other currencies.
Reviewing the features and account types offered by each broker will ensure you get the best deal on XRP.
To get started, see our pick of the top XRP trading platforms.
Article Sources
The writing and editorial team at DayTrading.com use credible sources to support their work. These include government agencies, white papers, research institutes, and engagement with industry professionals. Content is written free from bias and is fact-checked where appropriate. Learn more about why you can trust DayTrading.com