Forex Rating reviews and rates the Top Cryptocurrency Brokers offering Cryptoc Trading. We list Bitcoin Forex Brokers that accept payments via Bitcoin, Bitcoin Cash, Ethereum, Ripple and other cryptocurrencies.
|1||FXTM||2011||CySEC, FCA, IFSC|
|5||FxPro||2006||CySEC, FCA, FSCA, SCB|
|6||HotForex||2010||CySEC, FSC, FSB, FCA, BaFin, DFSA|
|12||Grand Capital||2006||Financial Commission, Serenity|
|15||eToro||2007||NFA, CySEC, ASIC, CFTC, MiFID, FCA|
Carbon neutral brand ambassador for the new online broker in a move to shift towards green and responsible finance.
|17||FOREX.com||1999||NFA, CFTC, FCA, ASIC, FSA, IIROC, SFC|
|22||FXOpen||2003||FCA, ASIC, FC|
* Forex Rating accepts no liability for any errors in the information, trading conditions and Forex Reviews of the Bitcoin Forex Brokers. For the most recent information please visit the Forex Broker's site.
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.
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.
|4||Odin Forex Robot||57%|
|7||FX Classic Trader||335%|
|1||Metatrader 5 Trading Platform|
|2||MetaTrader 4 Trading Platform|
|3||cTrader Trading Platform|
|5||MetaTrader 5 Mobile Trading Platform|
|6||MetaTrader 4 Mobile Trading Platform|
|8||ZuluTrade Trading Platform|
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