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 the United Kingdom:
-
- Crypto Spread: 30 (BTC)
- Min. deposit: $0
73-89% of retail investor accounts lose money when trading CFDs with this provider. -
- Crypto Spread: 0.22%
- Platforms: xStation
- Min. deposit: $0
74% of accounts lose money when trading CFDs with this provider. -
- Crypto Spread: Variable
- Platforms: MT4, MT5
- Min. deposit: $0
84.6% of retail CFD accounts lose money. -
- Coins: BCH, BTC, ETH, LTC, XRP
- Crypto Spread: 1 - 140 pips
- Platforms: Spreadex Platform, TradingView, AutoChartist
-
- Coins: BTC, LTC, ETH, XRP
- Crypto Spread: 0.12%-0.18%
- Min. deposit: $0
-
- Crypto Spread: Variable
- Min. deposit: $0
70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your 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:
- Pepperstone is the best XRP broker in the United Kingdom in 2026 4.8/5 Pepperstone continues to prove itself as one of the most trusted crypto CFD brokers. Although its selection of digital tokens is average, you can trade popular cryptos like Bitcoin and altcoins like Ripple with up to 1:10 leverage, while its crypto indices provide a holistic view of the digital currency markets not found on most day trading platforms. It has also launched a dedicated crypto exchange in Australia - Pepperstone Crypto.
- 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.
- 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.
- Spreadex 4.5/5 Spreadex offers spread betting on Bitcoin, Bitcoin Cash, Ether, Litecoin and Ripple in pairs with USD, allowing traders to make leveraged bets on crypto price movements through a derivative contract without owning the digital assets.
- Interactive Brokers 4.6/5 IBKR lets you purchase and hold Bitcoin, Bitcoin Cash, Ethereum, and Litecoin at competitive commission rates and without needing a crypto wallet. Additionally, there is a range of other diverse assets to explore, such as crypto indices like the NYSE Bitcoin Index, as well as futures contracts like the BAKKT Bitcoin Futures.
- IG 4.5/5 IG offers a growing selection of over 100 crypto CFDs and digital assets for buying, selling and storing. It also stands out with its crypto index, which tracks the value of the top 10 digital currencies by market cap and provides a holistic way to speculate on the value of the crypto market. Its crypto offering was also bolstered in the UK after it secured a digital asset license from the FCA, providing trading and investing on popular crypto coins in a regulated setting. It has also expanded its spot crypto offering to Australia, France, and Singapore.
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 |
|---|---|---|---|
| Pepperstone | ✔Yes | Apple Pay, BPAY, Credit Card, Debit Card, Google Pay, M-Pesa, Mastercard, Neteller, PayPal, PIX Payment, Skrill, UnionPay, Visa, Wire Transfer | FCA, ASIC, CySEC, BaFin, DFSA, SCA, SCB, CMA-Kenya |
| XTB | ✔Yes | Credit Card, Debit Card, Maestro, Mastercard, Neteller, PayPal, Paysafecard, Skrill, Visa, Wire Transfer | FCA, CySEC, KNF, DFSA, FSC, SCA, CMF, Bappebti |
| FXCC | ✔Yes | Bitcoin Payments, Credit Card, Debit Card, Ethereum Payments, Klarna, Mastercard, Neteller, Skrill, Sofort, Visa, Wire Transfer | CySEC, MISA |
| Spreadex | ✔Yes | Cheque, Credit Card, Debit Card, Mastercard, Visa, Wire Transfer | FCA |
| Interactive Brokers | ✔Yes | ACH Transfer, Automated Customer Account Transfer Service, Cheque, TransferWise, Wire Transfer | SEC, FINRA, CFTC, NFA, CIRO, FCA, CBI, ASIC, SFC, SEBI, JFSA, MAS |
| IG | ✔Yes | Credit Card, Debit Card, Mastercard, PayNow, PayPal, Visa, Wire Transfer | CFTC, NFA, FCA, BaFin, ASIC, FINMA, MAS, JFSA, FMA, DFSA, BMA, CONSOB |
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 |
|---|---|---|---|---|
| Pepperstone | ✘No | ✔Yes | ✔Yes | |
| XTB | ✘No | ✔Yes | ✔Yes | |
| FXCC | ✘No | ✔Yes | ✔Yes | |
| Spreadex | ✔Yes | ✔Yes | ✔Yes | |
| Interactive Brokers | ✘No | ✔Yes | ✔Yes | |
| IG | ✔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 |
|---|---|---|---|---|
| Pepperstone | iOS & Android | ✘No | ||
| XTB | iOS & Android | ✔Yes | ||
| FXCC | iOS & Android | ✘No | ||
| Spreadex | iOS & Android | ✘No | ||
| Interactive Brokers | iOS & Android | ✔Yes | ||
| IG | iOS & Android | ✔Yes |
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 |
|---|---|---|---|---|---|
| Pepperstone | ✔Yes | $0 | 0.01 Lots | ||
| XTB | ✔Yes | $0 | 0.01 Lots | ||
| FXCC | ✔Yes | $0 | 0.01 Lots | ||
| Spreadex | ✘No | £0 (but £5 minimum for standard payment methods) | £0.01 | ||
| Interactive Brokers | ✔Yes | $0 | $1 | ||
| IG | ✔Yes | $0 | 0.01 Lots |
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 |
|---|---|---|---|---|---|---|---|
| Pepperstone | Expert Advisors (EAs) on MetaTrader, cBots on cTrader | ✘No | ✘No | ✔Yes | 1:30 (Retail), 1:500 (Pro) | ✔Yes | ✘No |
| XTB | - | ✘No | ✘No | ✔Yes | 1:30 (Retail), 1:200 (Pro) | ✔Yes | ✘No |
| FXCC | Expert Advisors (EAs) on MetaTrader | ✔Yes | ✘No | ✘No | 1:1000 (Exceeds FCA limits; high risk) | ✔Yes | ✘No |
| Spreadex | ✘No | ✘No | ✘No | ✔Yes | 1:30 (Retail), 1:200 (Pro) | ✔Yes | ✔Yes |
| Interactive Brokers | TWS API | ✘No | ✔Yes | ✘No | 1:30 | ✔Yes | ✔Yes |
| IG | Expert Advisors (EAs) on MetaTrader, build your own on ProRealTime | ✔Yes | ✔Yes | ✔Yes | 1:30 (Retail), 1:222 (Pro) | ✔Yes | ✔Yes |
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 |
|---|---|---|---|---|---|---|---|---|---|
| Pepperstone | |||||||||
| XTB | |||||||||
| FXCC | |||||||||
| Spreadex | |||||||||
| Interactive Brokers | |||||||||
| IG |
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 |
|---|---|---|---|---|---|
| Pepperstone | 3735 | ||||
| XTB | 3097 | ||||
| FXCC | 231 | ||||
| Spreadex | 2308 | ||||
| Interactive Brokers | 5573 | ||||
| IG | 10340 |
How Popular Are These XRP Brokers?
Find out which XRP brokers and exchanges have built the biggest followings:
Why Trade Ripple (XRP) with Pepperstone?
Pepperstone stands out as a top choice for day trading, offering razor-sharp spreads, ultra-fast execution, and advanced charting platforms for experienced traders. New traders are also welcomed with no minimum deposit, extensive educational resources, and exceptional 24/5 support (18h a day on weekends).
Christian Harris, Reviewer
Pepperstone quick facts
- Coins
- BCH, BTC, ETH, LTC, DASH, ADA, LINK, DOGE, EOS, DOT, XRP, XLM, XTZ, UNI, BNB
- Crypto Mining
- ✘No
- Auto Market Maker
- ✘No
- Crypto Spread
- 30 (BTC)
- Crypto Lending
- ✘No
- Crypto Staking
- ✘No
- Platforms
- Pepperstone Trading Platform, MT4, MT5, cTrader, TradingView
- Minimum Deposit
- $0
- Regulator
- FCA, ASIC, CySEC, BaFin, DFSA, SCA, SCB, CMA-Kenya
- Account Currencies
- USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD
Pros
- Award-winning customer support is available via telephone, email or live chat with response times of <5 minutes during testing and friendly agents knowledgeable about its products and trading tools.
- After adding spread betting through TradingView, Pepperstone provides a seamless, tax-efficient trading experience with advanced analysis tools for financial spread bettors in supported countries.
- Offers a dedicated CopyTrading app for traders who want a less active approach to trading, available in some countries.
Cons
- Despite improvements to its range of markets, crypto CFD offerings are still fairly limited compared to other brokers who focus on this area, such as Eightcap, and there's no option to invest in real coins.
- Overnight holding fees are higher than that found with some Market Maker brokers (usually Benchmark + 2.5%). This makes pepperstone an ideal broker for day traders and forex scalpers but less suitable for swing traders who often keep position open overnight.
- Execution may not feel as reliable in fast markets as headline speeds suggest. In our own testing, execution was fast at desired prices, but some community complaints focus on slippage, stop-loss fills and spread-sensitive order triggers during volatile conditions.
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
- XTB has improved its assets and markets offering further in 2026 with options trading in Spain and Germany, spot cryptos in some regions, and Investment Plans 2.0 with more pre-built plans covering sectors like Defence, a more intuitive interface, and greater flexibility to combine single stocks and ETFs into individual plans.
- 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.
- With an excellent range of educational materials, including training videos and articles integrated into the platform, XTB supports traders at all levels.
Cons
- 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 discontinued support for MT4, limiting traders to its proprietary platform, xStation, potentially deterring advanced day traders familiar with the MetaTrader suite.
- Not being able to adjust the default leverage level of XTB products is frustrating, as manual adjustment can significantly mitigate trade risk, especially in forex and CFD trading.
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
- 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’s ECN XL account has been built with active traders in mind, featuring spreads from 0.0 with no commission, while also passing our execution speed benchmark for day 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
- FXCC charges steep withdrawal fees on many of its payment methods, including $45 for bank transfers and 2% crypto transfers, which may cut into the returns of traders making regular withdrawals.
- 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.
- 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.
Why Trade Ripple (XRP) with Spreadex?
Spreadex will appeal to UK day traders who are interested in both spread betting on financial markets and placing traditional bets on sports events. Fees are low on short trades and profits are tax-free on spread bets. There's also a powerful proprietary charting platform, plus £0 minimum deposit required to get started.
Christian Harris, Reviewer
Spreadex quick facts
- Coins
- BCH, BTC, ETH, LTC, XRP
- Crypto Mining
- ✘No
- Auto Market Maker
- ✘No
- Crypto Spread
- 1 - 140 pips
- Crypto Lending
- ✘No
- Crypto Staking
- ✘No
- Platforms
- Spreadex Platform, TradingView, AutoChartist
- Minimum Deposit
- £0 (but £5 minimum for standard payment methods)
- Regulator
- FCA
- Account Currencies
- USD, EUR, GBP, CAD, CHF
Pros
- The web platform works well for active trading from testing, with one-click trading, watchlists, saved layouts, while Force Open all worked smoothly. It was easy to build a clean workspace and manage short-term trade.
- Our fee analysis came through with the EUR/USD at 0.6 pips in quieter hours, while FTSE and S&P 500 spreads stayed in the normal competitive range for spread-betting brokers. For day traders, costs are fair.
- Spreadex introduced trading signals to its desktop platform, powered by Autochartist, providing real-time, pattern-based insights to help active traders identify potential opportunities.
Cons
- CFDs, financial spread bets, sports, and casino activity all sit in one pooled balance. For serious active traders, that means losses outside trading can directly reduce margin available for trading positions.
- Execution is decent but not elite from our tests - we recorded 0.2–0.4 pip slippage on liquid markets in calmer periods, but news spikes pushed some fills toward 1 pip, and thinner AIM stocks regularly slipped by 2–4 points.
- There is no MT4, MT5, cTrader, API, VPS, or algo support - leaving Spreadex much better suited to hands-on traders than anyone running automated or custom trading infrastructure.
Why Trade Ripple (XRP) with Interactive Brokers?
Interactive Brokers is one of the best brokers for advanced day traders, providing powerful charting platforms, real-time data, and customizable layouts, notably through the new IBKR Desktop application. Its superb pricing and advanced order options also make it highly attractive for day traders, while its diverse range of equities is still among the best in the industry.
Christian Harris, Reviewer
Interactive Brokers quick facts
- Coins
- BTC, LTC, ETH, XRP
- Crypto Mining
- ✘No
- Auto Market Maker
- ✘No
- Crypto Spread
- 0.12%-0.18%
- Crypto Lending
- ✘No
- Crypto Staking
- ✘No
- Platforms
- Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, TradingView, eSignal, TradingCentral, ProRealTime, Quantower
- Minimum Deposit
- $0
- Regulator
- SEC, FINRA, CFTC, NFA, CIRO, FCA, CBI, ASIC, SFC, SEBI, JFSA, MAS
- Account Currencies
- USD, EUR, GBP, CAD, AUD, INR, JPY, SEK, NOK, DKK, CHF, AED, HUF
Pros
- There's a vast library of free or paid third-party research subscriptions catering to all types of traders, plus you can enjoy commission reimbursements from IBKR if you subscribe to Toggle AI.
- The new IBKR Desktop platform takes the best of TWS while adding bespoke tools like Option Lattice and Screeners with MultiSort to create a genuinely impressive trading experience for day traders at every level.
- IBKR continues to deliver unmatched access to global stocks with tens of thousands of equities available from 100+ market centres in 24 countries, most recently the Saudi Stock Exchange.
Cons
- You can only have one active session per account, so you can’t have your desktop program and mobile app running simultaneously, making for a sometimes frustrating trading experience.
- Support can be slow and frustrating based on tests, so you might find it challenging to reach customer service representatives promptly or encounter delays in resolving issues.
- TWS’s learning curve is steep, and beginners may find it challenging to navigate the platform and understand all the features.
Why Trade Ripple (XRP) with IG?
IG continues to provide a comprehensive package with an intuitive web platform, best-in-class education for beginners, advanced charting tools bolstered by its recent TradingView integration, real-time data, and robust trade execution for experienced day traders.
Christian Harris, Reviewer
IG quick facts
- Coins
- BTC, ETH, SOL, XRP, BCH, ADA, TIA, LINK, EOS, HBAR, ICP, LTC, NEAR, NEO, ONDO, PEPE, DOT, POL, SHIB, XLM, SUI, TRX, TON, UNI, DOGE, AAVE, APT, ARB, AVAX, CRYPTO10
- Crypto Mining
- ✘No
- Auto Market Maker
- ✘No
- Crypto Spread
- Variable
- Crypto Lending
- ✘No
- Crypto Staking
- ✘No
- Platforms
- Web, L2 Dealer, MT4, TradingView, AutoChartist, TradingCentral, ProRealTime
- Minimum Deposit
- $0
- Regulator
- CFTC, NFA, FCA, BaFin, ASIC, FINMA, MAS, JFSA, FMA, DFSA, BMA, CONSOB
- Account Currencies
- USD, EUR, GBP, CAD, AUD, JPY, ZAR, SEK, DKK, CHF, HKD, SGD
Pros
- The ProRealTime advanced charting platform is free as long as certain modest monthly trading activity requirements are met.
- IG is aiming to expand its market roster with prediction markets covering politics, sports and entertainment in the UK (subject to it being granted a UK gambling license), with other regions potentially to follow.
- IG obtained a crypto asset license from the FCA, allowing it to re-enter the UK market to provide buying, selling and storing opportunities on 55+ digital tokens with fees from 1.49%, and all within an FCA-licensed environment.
Cons
- Beginners might find IG’s fee structure complex, with various fees for different types of trades or services, potentially leading to confusion or unexpected charges.
- IG has discontinued its swap-free account, reducing its appeal to Islamic traders.
- IG applies an inactivity fee of $12-$18 per month after 2 years, deterring casual investors.
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