What is the best broker for trading Ethereum CFDs?
Verdict
- Pepperstone is our pick for Ethereum CFDs: ETHUSD has a published average spread of 2.01 on Razor and 2.51 on Standard, and crypto CFDs carry no commission.
- UAE retail clients can use up to 1:20 on ETH/USD at Pepperstone, so $8,000 of Ether needs $400 of margin.
- Pepperstone quotes Ether against the US dollar, euro, pound and Australian dollar, so you can match the contract to your account currency.
- Capital.com, whose Dubai company allows crypto leverage up to 100:1 and offers UAE residents a swap-free account, is our second choice; XS is third.
With an Ethereum CFD you trade Ether's price, long or short, without staking, gas fees or a wallet. The broker choice then rests on the spread, the leverage rules and what holding costs. Pepperstone publishes the numbers and keeps leverage at a level we consider sensible for a volatile coin, which is why it leads. Here are the details.
ETHUSD at Pepperstone
Pepperstone's crypto spread page lists ETHUSD at a 2 minimum and 2.01 average on Razor, and 2.5/2.51 on Standard, with no commission on either. The tight gap between minimum and average suggests a steady quote, though crypto spreads can widen in fast markets. Ether is also available against the euro, pound and Australian dollar on Pepperstone's retail margin table. UAE accounts can be held in AED, USD, EUR, GBP or AUD, and clients of Pepperstone's Dubai LLC can fund in crypto. Platforms for crypto CFDs include MT5, cTrader, the Pepperstone app, and TradingView and MT4 on Razor.
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Five Ether, two accounts: the cost
On crypto, Razor costs less with no fee to offset it, so we see little reason to choose Standard for Ether. Overnight financing comes on top for positions held past the rollover.
| Account | Average spread | Cost per round trip | Twenty round trips |
|---|---|---|---|
| Razor | 2.01 | $10.05 | $201.00 |
| Standard | 2.51 | $12.55 | $251.00 |
Leverage on Ether: retail vs professional
Pepperstone's UAE table sets retail leverage at 1:20 on ETH/USD and BTC/USD, and 1:2 on all other coins. Professional clients can reach 1:500 on BTC and ETH under a dynamic crypto leverage scheme, and lose retail protections in exchange. At 1:20, a 5% move in Ether equals your entire margin on the position; Ether can move that much in a single day. Retail clients are entitled to negative balance protection, according to Pepperstone's UAE risk disclosure.
Second and third choices
- Capital.com: Dubai company licensed by the UAE CMA (20200000176); crypto leverage up to 100:1 there; USDT deposits and withdrawals for UAE clients through its Bahamas entity; swap-free for UAE residents. No ETH spread is in our data.
- XS: crypto pairs on MT4 and MT5. UAE residents get swap-free status automatically, but crypto positions start paying swaps after a three-day grace period.
Sources
Do Ethereum CFDs earn staking rewards?
No. You don't hold any Ether, so there is nothing to stake.
Can I short Ethereum with a CFD?
Yes. You can sell ETHUSD first and gain if the price falls, or lose if it rises.
Which Ethereum pairs does Pepperstone list?
ETH against the US dollar, euro, pound and Australian dollar, according to its retail margin table.
Ethereum CFDs are leveraged and Ether's price is highly volatile, so you can lose money quickly. You own no Ether. This page does not give investment advice.