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CFDs are leveraged products and can result in the loss of your capital. Rankings are influenced by affiliate commissions. All information collected on 1/11/2017.

The Ultimate Guide to

Choosing a Broker
For Trading Dash

Not sure which broker is right for you?

Don’t worry - we’ve got you covered. In this guide, you’ll learn:

Ready?

Part 1

Why Choose
For Trading Dash?

scored best in our review of the top brokers for trading dash, which takes into account 120+ factors across eight categories. Here are some areas where scored highly in:

  • + years in business
  • Offers + instruments
  • A range of platform inc.
  • 24/7 customer service
  • Tight spreads from pips
  • Used by 0+ traders
  • Offers demo account
  • 0 languages
  • Leverage up to

offers one way to trade: . If you wanted to trade DASH through copy trading or other means, skip to part two.

The two most important categories in our rating system are the cost of trading and the broker’s trust score. To calculate a broker’s trust score, we take into account a range of factors, including their regulation history, years in business, liquidity provider etc.

have a trust score, which is . This is largely down to them being regulated by , segregating client funds, being established for over years, and much more. For comparison:

Trust Score comparsion

Trust Score
Year Established
Regulated by
Uses tier 1 banks
Company Type Private Private Private
Segregates client funds

The second thing we look for is the competitiveness of the spreads, and what fees they charge. We've compared these in detail in part three of this guide.

Part 2

Who is (& Isn’t)
Suitable For

As mentioned, allows you to trade in one way: .

Suitable for:

  • Spread Betting
  • CFD Trading
  • Forex Trading
  • Social Trading

Not Suitable for:

To trade with , you'll need a minimum deposit of $. offers a range of different account types for different traders including a , .

Finally, isn't available in the following countries: . They do not offer islamic accounts either.

Part 3

A Comparison of vs. vs.


Want to see how stacks up against and ? We've compared their spreads, features, and key information below.



Spread & fee comparsion

The spreads below are illustrative. For more accurate pricing information, click on the names of the brokers at the top of the table to open their websites in a new tab.
Fixed Spreads
Variable Spreads
EUR/USD Spread
GBP/USD Spread
DAX Spread
FTSE 100 Spread
S&P500 Spread
Ripple spreads from
Dash spreads from
Litecoin spreads from
Bitcoin spreads from
Ethereum spreads from

Comparison of account & trading features

Spread type
EUR/USD Spread
EUR/GBP Spread
Crude Oil Spread
Gold Spread Private Private Private
DAX Spread

Part 4

What is Dash?

Dash is a digital currency similar to Bitcoin in many ways; it is open source (meaning anyone can view and propose contributions to its design), peer-to-peer (as opposed to being centrally owned and controlled), and transactions are secured using cryptography, making it a cryptocurrency. It was created by Evan Duffield, and initially released on the market as XCoin in 2014, becoming known as Darkcoin within months of its release. In 2015, it was rebranded as Dash (an amalgam of Digital Cash), and remains available under the DASH ticker.

As with other cryptocurrencies, Dash uses blockchain technology; an immutable digital ledger that records validated blocks of transactions, interlinked in a chronological order. However, it differs from Bitcoin and other altcoins as there is an anonymity feature built in known as PrivateSend. This is appealing to users who want to prevent their transaction history from becoming public. Furthermore, Dash have pioneered an instant confirmation function, InstantSend, which is designed to overcome the problem of double spend at the point of payment.

InstantSend, PrivateSend and governance functions are carried out through a decentralised masternode (or computer server) network, which allows them to be kept separate from functions carried out by miners, such as block creation. This two-tier system offers an additional layer of integrity and protection from network attacks.

Advantages of trading Dash with a regulated online broker

Using a regulated online broker to trade cryptocurrencies such as Dash is advantageous as transactions can be seen and monitored on a regulated trading platform. Furthermore, clients will have access to expert analysis of market conditions, a range of educational tools, and often a personal account manager who can offer technical support amongst other things. Regulated brokers are required to comply with stringent regulations relating to financial reporting, security and protection of client funds. This is particularly reassuring given the number of scammers operating in the cryptocurrency market. In January 2017, for example, a fraudulent digital currency was circulating known as LCF Coin, associating itself with the Rothschild family name. Without the support and knowledge of a regulated broker, it can be difficult to differentiate between genuine trading opportunities and scams such as this one. There is only a select group of online regulated brokers who offer the opportunity to trade cryptocurrencies like Dash, such as AvaTrade and eToro.

How to trade Dash with AvaTrade

AvaTrade offer a trading service that allows clients to hand over the entire process to capable experts. However, for those who wish to execute their own trades, a selection of different user-friendly, but powerful, trading platforms are available, including the popular MetaTrader4. This platform is accessible from a mobile phone or tablet, which is useful for those wanting to trade on the go, and it also provides access to learning tools and exclusive market analysis.

Fundamental influences of Dash

The value of Dash, as with many currencies, is influenced by the level of confidence that traders have in it. The higher the sense of trust, the more mainstream the currency will become and the more its value should rise or inflate. An example of how prices can rise was demonstrated between January and March 2017, when the value of Dash increased sevenfold up to $560 million.

Dash has been adopted by Bitcart, an Irish start-up that supplies Amazon gift cards. The global firm have abandoned Bitcoin in favour of Dash due to its instantaneous transaction ability. As Dash becomes a more widely accepted form of payment, its popularity will increase; an outcome that Bitcart is trying to encourage by offering a 20% discount for customers who use Dash to pay for Amazon gift cards.

dash-chart

Dash Quick facts:

Year Dash started: 2014

Want to trader other cryptocurrencies? You can read more cryptocurrency broker comparisons here:


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