iBroker Review crypto broker 2024

Our veredict

iBroker stands out as a versatile platform for both new and experienced traders, providing a range of financial instruments including cryptocurrencies, Forex, CFDs, futures, and options. The platform is regulated by the Comisión Nacional del Mercado de Valores (CNMV) and offers additional investor protection through FOGAIN, securing investments up to €100,000. This regulatory compliance, along with the separation of client funds in reputable banks, enhances the trust and security for users. The user-friendly interface and mobile app make it convenient for traders to monitor and execute trades efficiently.

However, iBroker has its drawbacks. It does not support popular trading platforms like MetaTrader and cTrader, which could be a limitation for some traders. Additionally, customer support is not available 24/7, and the absence of features like copy trading and PAMM accounts might be a disadvantage for those looking for these options. Despite these limitations, iBroker’s solid regulatory framework and comprehensive asset offerings make it a suitable choice for traders looking for a reliable and secure trading environment.

Pros

1. Regulated by CNMV since 2016 Being regulated by the Comisión Nacional del Mercado de Valores (CNMV) ensures that iBroker adheres to strict financial standards and regulations, providing a secure and trustworthy environment for traders.
2. Secures investments up to €100,000 iBroker offers investor protection through FOGAIN, which safeguards investments up to €100,000 in case of bankruptcy, giving traders additional peace of mind.
3. Wide range of financial instruments iBroker supports trading in various financial instruments including cryptocurrencies, Forex, CFDs, futures, and options, allowing for a diversified trading experience.

Cons

1. No MetaTrader or cTrader platforms iBroker does not support popular trading platforms like MetaTrader and cTrader, which might be a limitation for traders who prefer these tools.
2. Lacks features like copy trading and PAMM accounts iBroker does not offer features such as copy trading or PAMM accounts, which are popular among traders looking to replicate the strategies of successful investors or manage multiple accounts.

3,5

Threenvest Score

Fees

3,6/5

Regulated

CNMV

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To better understand our editorial guidelines and the investment methodology that supports our ratings, you can explore the information in our editorial policy.

Why choose iBroker?

Choosing iBroker as your cryptocurrency trading platform can be a smart decision for several reasons. Firstly, the platform is regulated by the CNMV (Comisión Nacional del Mercado de Valores) since 2016, ensuring a high level of security and adherence to strict financial standards. This regulation provides a layer of trust and credibility that is essential for any trading platform, particularly for those new to the crypto world (AsiaForexMentor) (Traders Union).

Secondly, iBroker offers comprehensive protection for your investments. Through its registration with FOGAIN, it safeguards investments up to €100,000, offering peace of mind in the unlikely event of the broker’s insolvency. Additionally, client funds are held in major, reputable banks, ensuring that your assets are securely managed and segregated from the company’s operating funds.

Lastly, iBroker’s user-friendly interface and robust mobile application make it accessible and convenient for traders of all experience levels. Whether you are a novice looking to enter the crypto market or an experienced trader seeking a reliable platform, iBroker provides the tools and support needed to manage your trading activities efficiently. The platform’s integration with international brokers further expands your trading opportunities, making it a versatile choice for diverse trading needs.

Xavier Tarrasó

EIP and Cryptocurrency Investor

As an expert on our site, I can confidently recommend iBroker for your cryptocurrency trading needs. The platform’s strong regulatory compliance with CNMV and its additional investor protection through FOGAIN offer a secure trading environment. With its user-friendly interface and efficient mobile app, iBroker makes trading accessible and convenient for all levels of traders. The protection of funds in reputable banks adds an extra layer of security, making iBroker a reliable choice for managing your crypto investments.

How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).

For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.

Neither Threenvest, nor the author, are recommending you to invest with this article.

Alejandro Borja Fuentes

Economist | Cryptocurrency exchange analyst

The author of the review

Alejandro Borja is an accomplished economist with a distinguished career spanning various facets of the financial industry. His academic journey began with a degree in Economics, laying the foundation for his deep understanding of financial markets.

Over the years, Alejandro has honed his skills by working with some of the largest financial media outlets, analyzing and reporting on economic trends and investment opportunities. His expertise in financial analysis has made him a respected voice in the economic community.