Bitcoin Forex Brokers 2020 — Top Crypto Brokers

We review and rate Top Forex Brokers offering Cryptocurrency Trading. In our rating you’ll find brokers that accept payments via Bitcoin, Bitcoin Cash, Ethereum, Ripple and other cryptocurrencies.

Forex Broker Review Year Status Instruments
1FXTMFXTM2011Bitcoin, Forex, CFDs, CFDs on Bitcoin, CFDS on Spot metals, *Cryptocurrencies are only available in FT Global Limited; *NGN are only available to Nigerian clients
2FxProFxPro2006CFDs and Spread Betting on FX, futures, spot indices, shares, spot metals, spot energies, сryptocurrencies
3FIBO GroupFIBO Group1998FOREX, Spot Metals, CFDs, Bitcoin
4HotForexHotForex2010Forex and Spot Metals, CFDs on Commodities, Indices, Oil and Shares, cryptocurrencies, bonds
5XMXM2009Forex, CFD, bitcoin, stocks, indices, commodities, precious metals, energies
6OctaFXOctaFX2011Gold, Silver, Crypto, Indices
7Grand CapitalGrand Capital2006330 financial instruments (Forex, Stocks, Options, Futures, Metals, Energies, Indices), Bitcoin
8Olymp TradeOlymp Trade2014Crypto-currencies, Currencies, Commodities, Indices, Stocks
9USGUSG2006Forex, Metal, Indices, Bitcoin
10ExnessExness2008CFDs on metals, cryptocurrencies
11ETFinanceETFinance2018Forex, Crypto Pairs, Indices, Commodities, Stocks
12ITRADERITRADER2013Forex, Crypto Pairs, Indices, Commodities, Stocks
13ProfitiXProfitiX2019Currency Trading, Commodities Trading, Shares Trading, Precious Metals, Cryptocurrencies, Stock Indices
14FXOpenFXOpen2003Metals, Oil, Gas, Indexes, CFDs, Bitcoin, Cryptocurrencies
15DukascopyDukascopy2000Metals, Gold
16eToroeToro2007Bitcoin
17FOREX.comFOREX.com1999Spot Metals (US unleveraged trading, UK and AU leveraged trading), CFDs (UK and AU only)
18Forex4youForex4you2007Forex, Commodities, Indices, Stocks, Bitcoin
19FreshForexFreshForex2004CFDs, Bitcoin
20InstaForexInstaForex2007Bitcoin
21IronFXIronFX2010Forex, Spot Metals, CFDs on commodities, indices and shares, futures, cryptocurrencies
22NordFXNordFX2008Gold, Silver, 16 cryptocurrency pairs, 4 crypto indicies
23BithovenBithoven2019CFD for crypto
24IG MarketsIG Markets1995no

200+ Forex Brokers

Read our extended Forex Guide to find out how to choose the Best Forex Broker 2020.

Start Forex Trading Now! Open Forex Account with the Best Forex Brokers 2020.

FxPro
Crypto market corrects after recent rally

After a few days of active growth, the crypto market shows signs of cautious profit-taking. During the last 24 hours, Bitcoins lost about a per cent...

FxPro
BTC Price Hits 2-Month High

Bitcoin (BTC) futures options from CME Group saw volumes in excess of $2.3 million on the product's first day of public trading, the company...

FxPro
Bitcoin To Rise Above $20000 In 2020

It's the season of Bitcoin price predictions. Only days after Nexo co-founder Antoni Trenchev made the case for a $50,000 Bitcoin price in 2020...

FxPro
A New Bitcoin Bull Market Is Nearing

The most followed trader on Twitter, Peter Brandt, made his Bitcoin Live Crypto report available for free last month. In this issue, the veteran analyst presented...

FxPro
$100 Billion in Bitcoin Hasn't Moved in Over 1 Year

The cumulative sum in dormant bitcoin addresses surpassed 12.58 million BTC, worth just about $100 billion at current price. It indicates most investors...

FxPro
Bitcoin Bulls Are Ignoring One Big Problem

Bitcoin and cryptocurrency bulls have cheered bitcoin's more-or-less positive start to 2020, despite the rise coming off the back of a major escalation in tensions...


FxPro
Bitcoin Price Flash Crashes to $6900

The price of bitcoin tumbled to fresh multi-week lows on Thursday, as the largest cryptocurrency continued to trade independently of broader...

FxPro
Bitcoin's 9000000% Rise This Decade

Emerging out of the ashes of the financial crisis, Bitcoin was created as a bypass to the banks and government agencies mired in Wall Street's greatest calamity...

FxPro
Death cross hangs over Bitcoin

Bitcoin's sideways price trend has been going on for over a month. With highs around $7800 and lows bear $6600, most of the time the Bitcoin price was...

Cryptos 7 days
1 Bitcoin 11.1%
2 Ethereum 18.87%
3 XRP 11.77%
4 Bitcoin Cash 34.04%
5 Bitcoin SV 110.59%
6 Tether 0.07%
7 Litecoin 25.36%
8 EOS 34.14%
9 Binance Coin 19.48%
10 Ethereum Classic 90.66%
11 TRON 19.85%
12 Monero 11.37%
13 Stellar 19.14%
14 Cardano 17.61%
15 Dash 112.84%
Crypto Rating

How to trade Bitcoin on Forex?

There are two ways a forex trader can use his Bitcoins: to open a deposit in BTC or trade BTC. Now more and more forex brokers offer their clients to have trading accounts in bitcoins, with this type of deposit a trader makes a loss or profit in bitcoins while trading conventional currency pairs. The second option – Bitcoin trading itself – is quite straightforward. Like other currency pairs, Bitcoin at Forex is traded as part of a bitcoin / dollar currency pair. In the trading terminal, it is designated as BTCUSD or Bitcoin.

Why has BTC become such a hot trend with forex brokers?


The answer lies in the coin’s nature. It is the first product of breakthrough blockchain technology, which is perceived as the main tool of finance of the future. The scope of cryptocurrency’s usage is constantly growing, as well as its recognition by governments across the globe. Having successfully conquered the field of OTC transactions and investments, bitcoin has quickly advanced into the world of online trading. The long-term growth of the bitcoin exchange rate attracted investors, who increasingly see cryptocurrency as an alternative to the traditional investment tools. It’s only natural that forex brokers have begun to implement bitcoin as a traded asset on their platforms. At the same time, the cryptocurrency market as a whole, and bitcoin in particular, is subject to very high volatility, which, under successful circumstances, can bring the trader significant profits in a very short-term period, as well as significant losses. The ambiguity in the regulation of the cryptocurrency market and its high volatility create additional risks for private investors. In such circumstances, the choice of a reliable bitcoin broker becomes especially important.

Bitcoin trading vs. Forex trading: similar or different?


Similar

Trading BTC/USD pair is technically no different from trading conventional forex currency pairs. In the same way, deals for buying and selling are opened, stop loss and take profit orders are set.

High level of risk.

Different

24/7 regime of BTC trading.

Low liquidity of BTC trading as compared to liquidity of forex market.

Price sensitivity to news. With BTC,  the media has an unusually significant influence on its price. You need to follow the hot news on the air: if a large fund invested a huge amount in Bitcoins, you may enjoy the excellent bull market. In case of hacking a major crypto-exchange, it will be reasonable to work on sales. That is why it may be a good idea to look for a forex broker that has a strong news section on the site.

A sufficiently large spread is set which makes scalping impossible. For trading it is recommended to consider timeframes from H1 and higher.

Tips when choosing a Bitcoin Forex Broker


When searching for a bitcoin forex Broker, check what regulators have licensed the company, as well as the period of its work in the market.
See if pairs are available other than standard BTC/USD, what are the minimum account size, terms of deposit, spread and leverage.
Consider an additional advantage of easy transfer of funds between your forex and cryptocurrency accounts, as well as the availability of technical and fundamental analytics.

Choosing a broker based on these factors can help you reduce risks when entering this promising market. The main difference between brokers is the number of available types of cryptocurrency: the larger the list of available coins, the more opportunities a trader has. Which broker is better for trading bitcoin? There are several of them - the best Bitcoin brokers we recommend are be listed in the ranking list below.