Ripple (XRP) price rose over 1000% in December 2017 alone, toppling Ethereum and briefly becoming the second-largest cryptocurrency by market cap.
Built for enterprise use, XRP offers banks and payment providers a reliable, on-demand option to source liquidity for cross-border payments. So no wonder it is now used by companies like UBS, American Express and even some banks (UniCredit, CIBC, and Santander) as a payment technology.
Of course, Ripple also enjoys increasing interest from individual traders. Lately, most of them have been wondering where to buy it. One of the options to invest in Ripple is to sign up with a cryptocurrency exchange that supports it – Binance, Kraken, Coinone, Bitstamp, Changelly, to name a few.
Besides, you can trade in Ripple with forex brokers that offer it. Although this option differs significantly from the offering of crypto-exchanges, trading in XRP (or any other coin) with a forex broker has some advantages, especially if the company behind it is licensed by a reputable agency. First of all, you don’t have to mess about with digital wallets, long alphanumeric addresses and confusing interfaces.
Second, most of these brokers are overseen by their local financial governmental authorities, which means they are adhering to the applicable rules and regulations, and that your money is safe with them. On the other hand, the majority of crypto-exchanges have no official legal status in most countries yet.
Below, you can find a list of forex brokers offering Ripple trading. All of them also support Bitcoin and some have also included other altcoins in their product portfolio.
| Broker | Country | Regulation | Platforms | Min.deposit | Review |
|
Cyprus, UK, Mauritius | CySec, FCA, FSC | MT4, MT5, Web | $10 | Review Website |
|
Cyprus, SVG | CySEC | MT5, Web, cTrader |
$100 | Review Website |
|
Australia, Cyprus | ASIC, CySEC | MT4, MT5, Iress | $100 | Review Website |
|
Cyprus, Australia | CySec, ASIC | MT4, MT5 | $5 | Review Website |
|
UK, Australia, South Africa | FCA, ASIC, FSCA | MT4, Trading Station, NinjaTrader |
$50 | Review Website |
|
UK, Cyprus, UAE, South Africa | FCA, CySEC, DFSA, FSB | MT4, MT5, FxPro Markets, cTrader |
$100 | Review Website |
|
Cyprus | CySEC | MT4, MT5, Web | $1 | Review Website |
|
Belize | IFSC | MT4, MT5 | $100 | Review Website |
|
Cyprus, UK, South Africa, UAE | CySec, FCA, FSCA, DFSA | MT4, MT5, Web | $5 | Review Website |
|
UK | FCA | MT4, Web, MT4 for Mac |
$100 | Review Website |
|
UK | FCA | MT5 | $5 | Review Website |
Japanese financial conglomerate SBI Holdings has officially launched a crypto currency exchange under the trade name ‘VCTRADE’, becoming the first baking institution in the world to enter the crypto market, CNN reports.
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Australian forex broker Vantage FX has expanded its cryptocurrency offering with five more digital assets. Apart from Bitcoin CFDs, the broker now offers trading in Ethereum, Ripple, Litecoin, Dash and Bitcoin Cash on both MetaTrader 5 and MetaTrader 4 platforms.
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Forex brokerage LiteForex has extended its digital asset portfolio, which now includes Bitcoin, Bitcoin Cash, Dashcoin, Ethereum, Ethereum Classic, Litecoin, Monero, Ripple and ZCash. Thsese can be traded 24/5 in all accounts and trading platforms (MT4 and MT5) offered by the broker.
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As more and more traders are turning their attention to cruptocurrency trading, forex broker FreshForex announced it is launching two brand-new forecasts for the top three coins: Bitcoin, Ripple and Ethereum.
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HYCM, a leading provider of online FX and CFD trading services, announced this week it is expanding its CFD cryptocurrency portfolio with the addition of Ripple and Bitcoin Cash.
The CFDs are on the XRP/USD and BCH/USD pairs.
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