Ripple Trading Platforms

Written by Zornitsa Stefanova

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Zornitsa Stefanova

Zornitsa Stefanova is a Financial Research and Platform Testing Analyst at BestBrokers.com, specialising in hands-on reviews of forex, cryptocurrency and stock trading platforms. She evaluates brokerage companies from a user-focused perspective, testing key areas such as account setup, trading conditions, platform usability, available markets and overall reliability.

, | Expert Editor Eugene Lee, CFA

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Eugene Lee, CFA

Eugene Lee, CFA, is the Head of Research at BestBrokers.com, where he draws on more than two decades of experience in global markets, portfolio management, derivatives, and fintech to evaluate online brokers. His background in institutional investing and quantitative research helps ensure that broker reviews are based on data, risk assessment, and real-world trading conditions.

, | Updated: September 23, 2026

The XRP Ledger (XRPL), launched in 2012, is one of the longest-running blockchain networks, with XRP as its native digital asset. Designed for fast, low-cost transactions, XRP is widely used for payments and liquidity and remains among the most actively traded cryptocurrencies. As of September 2026, XRP has a market capitalization of approximately $102 billion and a 24-hour trading volume of around $6.6 billion.

Like other cryptocurrencies, XRP can experience significant price volatility, making careful risk management essential. Where permitted, traders can speculate on its price through Contracts for Difference (CFDs) or buy and sell XRP directly on crypto exchanges. This article covers retail CFD brokers and cryptocurrency exchanges that support XRP trading.

1Fusion Markets

Rating: 4.38 ⭐

74-89% of retail's CFD accounts lose money

Top Rated

2FP Markets

Rating: 4.37 ⭐

73.33% of retail investor accounts lose money

3BlackBull Markets

Rating: 4.28 ⭐

Trading leveraged products is risky

4Eightcap

Rating: 4.08 ⭐

59.57% of retail investor accounts lose money when trading CFDs with this provider.

5Plus500 US

Rating: 3.75 ⭐

This content applies only to Plus500 US and clients from the United States. Trading futures involves the risk of loss.

6eToro

Rating: 3.24 ⭐

52% of retail investor accounts lose money

Best Platforms for Ripple Speculative Trading

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1. 

   Overall Score 4.37/5

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   1. FP Markets

   Founded in 2005, FP Markets is an Australia-based broker providing CFDs across more than 10,000 markets, including cryptocurrencies such as Ripple, Bitcoin, Ethereum, Bitcoin Cash, and Litecoin. XRP traders can speculate on both rising and falling prices without purchasing or storing the underlying tokens. FP Markets supports crypto CFD trading through MT4, MT5, cTrader, and WebTrader.

   We registered a live Standard MT4 account with the broker’s CySEC-regulated entity and funded it with $50. During our live tests, XRP/USD spreads averaged 0.24%. The minimum position size was 0.01 lot, equivalent to 10 XRP, making relatively small trade sizes possible. FP Markets also emphasizes low-latency execution through its NY4 server infrastructure and liquidity-provider network.

   Under the CySEC entity, our XRP/USD leverage was capped at 1:2, corresponding to a 50% margin requirement. FP Markets provides 24/5 cryptocurrency CFD trading, so XRP positions can be opened throughout the working week but not continuously over the weekend as they can on many spot crypto exchanges. Positions kept open overnight may also incur swap charges, which should be considered when using CFDs for longer-term Ripple exposure.

   FP Markets offers Standard and Raw accounts. Raw accounts provide tighter forex spreads with a $3 commission per side per lot on applicable currency and gold trades, while cryptocurrency CFDs are commission-free, with XRP/USD costs incorporated into the spread. Since clients trade XRP through CFDs rather than buying the token, they can use leveraged long or short positions but do not own the underlying XRP.

   CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.33% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
2. 

   Overall Score 4.28/5

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   2. BlackBull Markets

   Founded in 2014, BlackBull Markets is a New Zealand-based broker providing access to more than 26,000 instruments across forex, commodities, equities, futures, indices, and cryptocurrencies. BlackBull lists around 40 digital assets across its offering, with XRP/USD available as a CFD, allowing traders to speculate on Ripple price movements without owning the underlying tokens.

   Our team tested the broker through a live ECN Standard account connected to MT4, which we funded directly with XRP. BlackBull supports crypto deposits including XRP, BTC, ETH, USDT, USDC, and LTC, with minimum deposits starting from $25, depending on the network. During live trading, we recorded an average XRP/USD spread of 0.13%, while crypto CFD trades carried no separate commission.

   XRP/USD leverage is capped at 1:50, corresponding to a 2% margin requirement. BlackBull lists a contract size of 1 XRP, with trade volumes ranging from 100 to 100,000 contracts in increments of 100. This is lower than the broker’s maximum crypto leverage of 1:100 available on selected pairs.

   Traders holding XRP positions overnight should also account for financing costs. At the time of our review, BlackBull published overnight financing values of -20.4 for long positions and -11.6 for shorts, although these rates can change. XRP/USD is available through MT4, MT5, cTrader, and TradingView, giving traders access to automated strategies, advanced charting, and different order-management environments.

   Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money you cannot afford to lose. You should make yourself aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any questions or concerns as to how a loss would affect your lifestyle.
3. 

   Overall Score 4.19/5

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   3. Pepperstone

   Founded in 2010, Pepperstone is an Australia-based broker providing access to more than 1,400 markets, including Ripple and a broad selection of other cryptocurrency CFDs. Traders can take long or short XRP positions without owning the underlying tokens or maintaining a crypto wallet. Pepperstone supports MT4, MT5, cTrader, TradingView, and its proprietary platform.

   We tested Pepperstone through a funded Standard MT4 account under its CySEC-regulated entity. During our live sessions, XRP/USD spreads averaged 0.47% and fell as low as 0.18%. Retail crypto leverage was capped at 1:2, requiring a 50% margin, while XRP/USD trade sizes ranged from 0.10 to 100 lots. Pepperstone states that its execution starts from around 50 milliseconds, with a 99.32% fill rate and no dealer intervention.

   Another advantage for active XRP traders is 24/7 crypto CFD trading, including weekends, so stop-losses, take-profits, and pending crypto orders can remain active outside traditional market hours. Positions held overnight are subject to financing, calculated from the market closing price, trade size, and applicable swap percentage, with current long and short rates displayed directly on the trading platform.

   Pepperstone operates through several regulated entities, including the FCA, ASIC, CySEC, BaFin, CMA, DFSA, and SCB. As XRP is traded through CFDs, clients can use leveraged exposure and short selling but do not own or have rights to the underlying cryptocurrency.

   CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.7% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
4. 

   Overall Score 4.08/5

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   4. Global Prime

   While buying and selling Ripple directly may suit long-term investors, active traders may prefer CFDs for short selling and leveraged exposure. Global Prime offers 40 cryptocurrency CFDs, including XRP/USD, through MT4 and MT5. Our team evaluated the broker using a live Standard MT4 account, which has no minimum balance requirement, while crypto deposits generally start from around $10.

   Global Prime charges a 0.1% commission on crypto trades. During our testing, XRP/USD maintained an average spread of 0.30%, while the minimum contract size was 0.01 lot. The broker supports automated trading through Expert Advisors and permits strategies such as scalping and high-frequency trading on MetaTrader.

   Under the VFSC-regulated entity, cryptocurrency CFDs are available with maximum leverage of 1:5, corresponding to a 20% margin requirement. Global Prime sets the margin-call level at 90% and the automatic stop-out level at 20%. Australian retail clients are subject to lower crypto leverage under ASIC rules.

   XRP positions kept open beyond the daily market close may incur swap or financing charges, with rates derived from Global Prime’s liquidity providers and updated as market conditions change. In addition to desktop MT4 and MT5, clients can use MetaTrader WebTrader and mobile apps to monitor or manage Ripple positions away from their main terminal.

   Global Prime is a trading name of FMGP Trading Group Pty Ltd (ABN 74 146 086 017) and is regulated by ASIC and licensed to carry on a financial services business in Australia under Australian Financial Services License No. 385620. Gleneagle Securities Pty Limited trading as Global Prime FX, is a registered Vanuatu company (Company Number 40256) and is regulated by the VFSC. The website is owned and operated by FMGP Trading Group Pty Ltd, ABN 74 146 086 017.
5. 

   Overall Score 4.06/5

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   5. ActivTrades

   Ripple traders can access competitive XRP/USD conditions at ActivTrades, a London-based broker founded in 2001. The group is regulated by the FCA, FSC, SCB, CMVM, BACEN, and CVM. Besides Ripple, clients can trade 14 other cryptocurrency CFDs, including Bitcoin, Ethereum, Chainlink, Avalanche, Neo, and Dogecoin, through MT4, MT5, TradingView, and ActivTrader.

   Our team opened a live retail account with the CMVM-regulated entity, connected it to MT4, and funded it by bank transfer. During testing, XRP/USD spreads averaged 0.36%, while trade sizes ranged from 1 to 30,000 lots. Cryptocurrency CFDs are commission-free, with trading costs incorporated into the spread.

   Retail clients under the Portuguese entity can use maximum XRP leverage of 1:2, corresponding to a 50% margin requirement. Customers trading through the Mauritius and Bahamas entities can access leverage of up to 1:10, reducing margin requirements to 10%. Positions held overnight may also incur financing charges.

   International clients can fund accounts using 10 cryptocurrencies, including XRP, BTC, ETH, USDT, USDC, XLM, and LTC. Crypto deposits are typically credited within around 30 minutes with no broker deposit fee. ActivTrades also advertises execution times below 0.004 seconds, with more than 93% of orders executed at the requested price or better.

   CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this provider.You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
6. 

   Overall Score 3.24/5

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   6. eToro

   eToro offers access to XRP alongside around 210 other cryptocurrencies, giving clients the option to purchase the underlying asset or trade it through CFDs. During our testing, we opened a live account with a $50 minimum deposit, although initial funding requirements vary by country. Direct crypto trades generally carry a 1% fee for Bronze, Silver, and Gold members, while higher Club tiers can qualify for lower rates based on monthly trading volume.

   We used eToro’s proprietary platform to evaluate XRP CFDs through its CySEC-regulated entity. Short-selling and leveraged crypto positions are automatically executed as CFDs, with a 1% fee applied when opening and another 1% when closing the position. Under the European retail framework, XRP leverage was capped at 1:2, translating into a 50% margin requirement.

   Traders keeping XRP CFDs open for longer periods should also account for daily overnight financing charges. Unlike unleveraged purchases of actual XRP, CFD positions provide no ownership of the underlying tokens and cannot be transferred to an external wallet. eToro displays all CFD trades with a “CFD” label in the execution window.

   Clients who purchase actual XRP can transfer eligible positions to the eToro Money crypto wallet. The transfer fee is 2%, subject to a minimum of $1 and maximum of $100, with an additional blockchain fee potentially applying. eToro also supports CopyTrader, advanced TradingView-powered charts, stop-loss and take-profit orders, providing several tools for managing XRP exposure.

   CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 52% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Comprehensive Comparison of the Top 5 Ripple Trading Platforms

Best Platforms for Buying and Exchanging Ripple

1. Coinbase

   Coinbase allows you to start crypto trading with a minimum trade of $1.99. When buying, selling, or converting XRP tokens, Coinbase fees vary depending on the payment method, country of residence, and market conditions. A spread is applied when buying and selling the crypto asset, with the average rate around 0.5%. Maker/taker fees are also in place, but exact rates depend on your monthly trading volume and typically range from 0.00% to 0.40% for maker and 0.05% to 0.60% for taker orders.

2. Kraken

   Kraken allows you to buy, sell, and exchange XRP along with over 560 other digital coins. No commission is charged on trades, but a spread is included in the price of XRP at the time of purchase. In addition to spot Ripple purchases, Kraken supports futures trading, giving customers access to more than 350 futures markets with maximum leverage of 1:50. Futures trading allows XRP traders to take both long and short positions. Futures fees are also comparatively small, with maker and taker charges as low as -0.0050% and 0.01%, respectively.

3. Binance

   Binance offers several ways to trade XRP, alongside 500+ other coins, supporting a range of trading strategies. Spot trading allows Binance users to purchase or sell XRP tokens at current market prices. The fees charged per transaction vary depending on the user’s monthly trading volume. Maker and taker fees for regular traders are both 0.1000%. Customers who have reached the highest VIP level benefit from lower charges of 0.0110% for maker and 0.0230% for taker orders. Options trading is also available to Binance customers, with maker and taker fees for this type of trading of 0.0240%. The exchange provides detailed information about Ripple’s price history, current market cap, volume, circulating supply, and more.

4. Crypto.com

   Crypto.com launched in 2016, offering investors various ways to trade over 400 cryptocurrencies. Those who wish to invest in Ripple can buy and sell the cryptocurrency directly. The fee structure is based on monthly trading activity, offering lower maker and taker fees to customers at higher trading levels. Traders may also join the Market Maker program to further reduce their maker and taker fees. The exchange allows you to trade XRP/USD with leverage of up to 1:5, which amplifies both potential gains and potential losses.

5. KuCoin

   KuCoin supports both spot and futures trading of Ripple, alongside over 1,000 other coins. The platform offers a user-friendly interface for both novice and experienced traders. Spot-trading fees on XRP are 0.1% each for maker and taker on monthly volumes below $1 million. Futures XRP trading incurs maker and taker fees of 0.02% and 0.06%, respectively. Traders can fund their account via a crypto wallet, a fiat payment method, or by directly purchasing XRP on the KuCoin platform. The exchange accepts several payment methods, including PayPal, Skrill, Zelle, Wise, bank transfers, and cards.

Quick Facts About Ripple and Ripple Blockchain

Ripple provides cross-border payment and liquidity solutions, with its network, RippleNet, built upon the XRP Ledger (XRPL) blockchain. While XRP can be traded by anyone, its main purpose is to provide an alternative to SWIFT payments for institutional users. Due to its specific nature, Ripple is often regarded as a non-cryptocurrency, as it differs from Bitcoin and other popular crypto coins. The number of validators on the XRP blockchain is significantly lower (about 150) than on other major blockchains. This makes XRP more similar to centralized digital assets than to decentralized crypto coins.

The fewer the validators in a blockchain’s trusted list, the more concentrated the control over network consensus. The default Unique Node List (UNL), which is maintained by the XRP Ledger Foundation, includes around 35 trusted validators. Ripple Labs, while a key contributor to the XRP Ledger, currently operates only one of the validators on this recommended list.

In December 2020, the US Securities and Exchange Commission (SEC) launched a lawsuit against Ripple’s creators in the New York District Court, claiming the digital token was a form of security and should be registered and regulated as such. These claims were partially rejected by the Court in 2023, after which the SEC filed an appeal against that decision in October 2024.

Both Ripple Labs and the SEC initially appealed aspects of the ruling, but in March 2025, they dropped their appeals and moved toward settlement. By May 2025, the parties reached a $50 million settlement and lifted the injunction on the coin’s institutional sales, though a procedural setback delayed the final court approval.

The lawsuit officially concluded in early August 2025 when both Ripple Labs and the SEC filed a joint dismissal of their appeals with the U.S. Court of Appeals, marking the end of the legal battle that began in 2020. The case’s closure brings greater regulatory clarity for Ripple and the broader crypto industry, suggesting a shift toward a more crypto-friendly regulatory environment in the U.S.

Post-Lawsuit Developments: After the conclusion of the legal battle, Ripple secured a $500 million strategic funding round in November 2025, which pushed its valuation to a reported $40 billion. The company turned its focus to institutional finance and announced a partnership with Mastercard to pilot its U.S. dollar-backed stablecoin, RLUSD, whose market cap already exceeds $1 billion.

Here are some key features of Ripple:

• Ripple is a digital payment system and protocol that carries out its operations on the XRP Ledger blockchain.
• The main purpose of XRP is providing global payment and crypto liquidity solutions to corporate entities.
• Ripple is a digital asset with distinctive features, operating across both blockchain and crypto financial services.
• In 2024, Ripple launched a Japan and Korea fund, expanding its presence in the Asia-Pacific region.
• Ripple’s RLUSD stablecoin currently has a market cap of $1.02 billion.

Ripple Brokers vs. Ripple Exchanges

Depending on their goals, investors may opt for a long-term approach by purchasing XRP when its price is declining, or choose to trade Ripple through Contracts for Difference (CFDs). Because multiple routes exist for accessing the digital asset, traders may use different entities for their Ripple investments. Those looking for a straightforward way to buy or sell the altcoin can consider one of the exchanges covered in this article.

To purchase XRP, you can use either a fiat currency or other tokens supported by the exchange of your choice. This approach is suitable for traders seeking long-term Ripple exposure, holding the coin in anticipation of a future price increase. Because purchasing XRP through an exchange may involve additional charges and conditions, this article covers exchanges with transparent fee structures.

Alternatively, many traders opt for trading XRP through CFDs, derivative instruments available at a range of regulated retail brokers. Ripple CFDs can be categorized as long and short: a long position anticipates price growth, while a short position anticipates a price decline.

How to Confirm if Ripple Trading Platforms Are Regulated

Whether you decide to purchase/sell XRP through an exchange or trade the crypto coin through a broker’s platform, you should verify that the provider operates in a regulated environment. Stronger protections are typically available from brands regulated by established financial authorities in the crypto trading sector.

There is an important difference between simply buying XRP and trading a Ripple CFD. When trading CFDs, you do not own the underlying asset but rather enter into a contract with your broker based on the asset’s price movement. The contract settles the difference in the asset’s price between the time it is opened and when it is closed. In other words, you speculate on the asset’s changing value, seeking to benefit from the price difference.

A regulated retail CFD broker lists the regulators monitoring its services and provides license numbers that customers can verify. Well-established financial regulators include the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC) in Cyprus, and the Australian Securities & Investments Commission (ASIC) in Australia.

Several of the regulatory bodies that oversee crypto CFD trading are also responsible for regulating major exchanges used to buy and sell XRP. For instance, to offer US crypto traders the option to purchase and sell XRP, crypto exchanges must be registered as a Money Services Business with the Financial Crimes Enforcement Network (FinCEN). Other crypto exchange regulators include the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), the FCA (the UK), and various financial authorities across Europe.

Verify the regulatory information for any exchange or broker before trading XRP. This helps confirm the level of protection applicable to your account. You can check a broker or exchange’s regulatory status by searching its name in the official registers of the regulators it cites.

Ways to Trade Ripple Online

Ripple can be traded in several ways, depending on your investment goals. Some traders pursue long-term positions, while others prefer shorter-term strategies like intraday trading.

One of the more straightforward ways to invest in Ripple is to use an exchange platform to buy and sell XRP. You can hold the asset in your exchange wallet until the price reaches your target. Alternatively, you can adopt a more active trading approach and engage in intraday trading, buying and selling the crypto coin multiple times per day.

While purchasing XRP through a crypto exchange allows you to directly own the asset and transfer it to a private wallet, you can also opt for speculative crypto trading with CFDs on a traditional brokerage platform, which gives you exposure only to the coin’s price movement. In this case, you are not purchasing the underlying asset but instead opening a leveraged contract with your broker to speculate on its price fluctuation. You are effectively trading the price difference between the time you open your position and the time you close it. CFD traders can hold either a long position (anticipating a price increase) or a short position (anticipating a decline). CFD Ripple trading is most commonly a short-term option, typically utilized by day traders.

Futures contracts offer another way to gain exposure to Ripple without owning the digital asset. Those who already hold Ripple can use futures to hedge against price fluctuations. Ripple futures are an agreement between two counterparties to buy and sell a specific amount of the digital asset at a specific price on a specified future date and time.

Trading Ripple with Leverage

You can trade XRP futures with leverage, which amplifies both potential gains and potential losses. This is closely related to margin trading, where you pledge the XRP tokens you own as collateral to gain exposure to a larger position than your own capital would allow. Leveraged XRP trading can be considered if you expect a short-term price move but lack the capital to enter a larger trade outright.

Not all crypto exchanges offer margin trading on XRP, but several platforms offer maximum leverage of 1:2 on XRP. This means using 100 XRP as collateral allows you to take on exposure to an additional 100 XRP. On some exchanges, leverage may range from 1:3 to 1:5.

While trading Ripple with leverage can amplify potential gains, traders should keep in mind that leverage also significantly increases risk. The high volatility of crypto assets is a key reason why maximum leverage on XRP is typically capped at 1:3 or 1:5. Leverage allows you to take larger long or short positions, but adverse price moves can produce substantial losses quickly.

What Moves Ripple Prices?

Before trading XRP, it is worth understanding the factors that drive its price fluctuations. Monitoring the XRP market can help identify trading opportunities and inform position timing.

Key elements that influence the price of XRP include:

• Availability
• Amendments in the regulatory framework
• Supply and demand of the token
• The sentiments of large-scale crypto investors
• Innovations introduced to the RippleNet environment
• XRP-related news and FUD (fear, uncertainty, and doubt)

Availability is a key factor in Ripple’s price: the circulating supply affects how many XRP tokens are readily tradable in the market. With a total supply capped at 100 billion XRP and mechanisms like token burning reducing supply over time, relative scarcity can push prices upward if demand remains steady or grows. Ripple’s controlled release of tokens from escrow also influences market liquidity, as sudden large releases may increase supply and cause price fluctuations.

Regulatory changes typically affect the price of many cryptocurrencies, as the legislative framework dictates how XRP and other crypto assets can be bought, sold, stored, and exchanged. When jurisdictions introduce complete bans on private cryptocurrency activity, the price of assets like XRP often declines. Conversely, when a new market introduces a more permissive crypto legislative environment, the price of Ripple and similar crypto assets tends to rise.

Like many other assets, XRP is affected by supply and demand. Daily trading activity shapes the coin’s price, and scheduled releases of XRP from Ripple’s escrow can increase circulating supply and affect short-term price dynamics. Because a large portion of XRP validators are members of Ripple’s UNL, the coin is considered relatively centralized, which can also influence its price.

The actions of prominent XRP holders also directly affect the coin’s price. In terms of distribution, about 52 billion XRP tokens circulate freely, with nearly 7.8 million wallets holding XRP coins. When large holders show lower interest in the cryptocurrency, prices tend to come under pressure, reducing broader trader participation.

Innovations introduced to the RippleNet ecosystem also influence price movements in the XRP market. XRP has gained adoption among major institutions, with over 200 large organizations reportedly integrated with the RippleNet system. Growing institutional adoption can support the value of the crypto asset.

Regardless of the asset you trade, relevant news can have an impact on the price of the instrument. Ripple’s price is also affected by major crypto news, with FUD becoming a prominent driver in the crypto market because information spreads quickly and reaches a large number of traders. Misleading social media posts by celebrities and influencers with large global followings have often affected the price of crypto assets, creating artificial fluctuations in crypto coin values.

Costs Associated with Ripple Trading

Associated fees are an important element when selecting an exchange or broker for XRP trading. Account for the surcharges you will pay per trade before opening any position. Although this article lists brokers and exchanges with competitive pricing, independently comparing fees across multiple entities offering XRP trading is recommended.

Many retail brokers allow you to buy and sell XRP for a small fee. The rate of the surcharge you pay when opening and closing a position depends on the broker’s policy but is often about 1%. Exchanges typically charge an admin fee whenever you buy, sell, or transact in cryptocurrencies. This fee is not fixed and can change depending on various factors affecting the crypto market. In either case, you should be able to see any fees applied to the transaction before initiating an XRP trade.

Trading XRP through CFDs may also include fees charged by the retail broker for services provided. Brokers commonly allow customers to trade the crypto coin against major fiat currencies like USD, EUR, and JPY. While many trades are advertised with zero commission, a small fee is typically built into the spread. The XRP spread is the difference between the asset’s buy and sell price, which effectively functions as a commission on each trade. Spreads vary across brokers but commonly fall between 0.95 and 1 at many crypto trading entities.

Many retail brokers offer Zero/Raw accounts that reduce the spread but add a small commission to each side of the trade. Despite this per-trade commission, the overall cost of trading through a Zero/Raw account is often lower than the cost of trading on a standard account.

When buying or selling XRP on exchanges, you will typically pay either a maker or a taker fee. A maker fee applies when you place a limit order that rests on the order book and adds liquidity; a taker fee applies when your order matches an existing order on the book, removing liquidity. These fees differ across exchanges and brokers and often decrease as monthly trading volume increases. Maker fees are generally lower than taker fees.

If you trade CFDs on XRP and hold a position open overnight, the broker will typically charge an overnight fee. The rate depends on the broker’s fee policy for XRP CFDs. Depending on the direction of their position, traders either pay or receive interest for holding CFD trades overnight.

Because you must fund your account before purchasing XRP or taking long/short positions on XRP CFDs, selecting cost-effective banking methods is advisable. Many exchanges and retail brokers do not impose a fee on deposits made via bank cards, e-wallets, or instant banking. Some entities require a specific minimum deposit to trade the cryptocurrency, while others allow you to start with smaller amounts. Before funding your crypto trading balance, check for any additional transaction fees that may apply, as these can affect your overall trading cost.

Reasons For and Against Trading Ripple

Before committing capital consider all of the drivers and restraints in trading XRP. The following list covers the strengths and weaknesses of trading the cryptocurrency.

About the Editorial Team

Eugene Lee, CFA, is the Head of Research at BestBrokers.com, where he draws on more than two decades of experience in global markets, portfolio management, derivatives, and fintech to evaluate online brokers. His background in institutional investing and quantitative research helps ensure that broker reviews are based on data, risk assessment, and real-world trading conditions. He is also one of the key contributors responsible for developing and refining the testing methodology used across BestBrokers.com.

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Zornitsa Stefanova is a Financial Research and Platform Testing Analyst at BestBrokers.com, specialising in hands-on reviews of forex, cryptocurrency and stock trading platforms. She evaluates brokerage companies from a user-focused perspective, testing key areas such as account setup, trading conditions, platform usability, available markets and overall reliability.