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||Trading instruments||Reviews|
|1||FXTM||2011||Bitcoin, Forex, CFDs, CFDs on Bitcoin, CFDS on Spot metals, *Cryptocurrencies are only available in FT Global Limited; *NGN are only available to Nigerian clients|
|2||HYCM||1977||Oil/Gas, Commodities, Stocks, Indexes, Bitcoin, Ethereum, Litecoin|
|3||easyMarkets||2001||Forex, CFDS, Vanilla Options, Bitcoin, Ripple, Ethereum|
|4||FIBO Group||1998||FOREX, Spot Metals, CFDs, Bitcoin|
|5||FxPro||2006||CFDs and Spread Betting on FX, futures, spot indices, shares, spot metals, spot energies, Ñryptocurrencies|
|6||XM||2009||Forex, CFD, bitcoin, stocks, indices, commodities, precious metals, energies|
|7||OctaFX||2011||Gold, Silver, Crypto, Indices|
|8||Grand Capital||2006||330 financial instruments (Forex, Stocks, Options, Futures, Metals, Energies, Indices), Bitcoin|
|9||EverFX||2016||Shares, Indices, Metals, Cryptos|
|10||LH Crypto||2018||CFDs on Stocks, Commodities (oil, gold, silver, coffee, etc.), Cryptocurrencies|
|11||Olymp Trade||2014||Crypto-currencies, Currencies, Commodities, Indices, Stocks|
|12||USGFX||2006||Forex, Metal, Indices, Bitcoin|
|14||Exness||2008||CFDs on metals, cryptocurrencies|
|16||Forex Club||2005||CFDs, metals, Bitcoin|
|18||NordFX||2008||Gold, Silver, 16 cryptocurrency pairs, 4 crypto indicies|
|19||24option||2010||Commodities, Stocks, Indices, Forex, Cryptocurrencies, Bitcoin|
|20||AMarkets||2007||Metals, CFD, Forex, Futures, Commodities, Indixes, Bitcoin|
|21||AvaTrade||2006||forex, cryptocurrencies, stocks, commodities, indices + 250 more|
|22||Forex4you||2007||Forex, Commodities, Indices, Stocks, Bitcoin|
|23||Fort Financial Services||2010||Forex, Forex without spread, Futures, Stock, ETF, Binary options, Bitcoin|
|24||FXOpen||2003||metals, stocks, Bitcoin|
|25||IronFX||2010||Forex, Spot Metals, CFDs on commodities, indices and shares, futures, cryptocurrencies|
|26||ProfitiX||2019||Currency Trading, Commodities Trading, Shares Trading, Precious Metals, Cryptocurrencies, Stock Indices|
|27||Stratton Markets||2018||Forex,Commodities, indices, stocks|
According to "HiThrowaway", Bitcoin (BTC) is looking like it is on the verge of a potential drawdown. In a recent tweet, the trader noted that the last three times...
On Friday morning, the benchmark cryptocurrency loses more than 9% and trades around $7,300. Within a few hours, the BTC fell by more than $1400...
For the best part of the last month Bitcoin has been relentlessly chomping into the altcoin markets as its dominance surged to a seventeen month high...
Over the past 24 hours, Bitcoin shows almost zero dynamics. Daily trading volumes reached a new record of $34 billion yesterday. Bitcoin growth stalled...
The price of Bitcoin continues its two-digit daily growth, already exceeding $8000. The benchmark cryptocurrency touched this level yesterday, but then faced...
eBay is readying support for virtual currencies and digital collectables if new promotional adverts are to be believed. Spotted at the Consensus conference...
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.
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.
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.
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.
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.