Bitcoin remains the most valuable cryptocurrency, and most online Forex brokers start to offer trading in this evolving asset class, either via direct market access or through derivatives, most commonly contract for differences (CFDs). Born in , now Etoro is a leading broker which used to introduce Bitcoin trading in and added other cryptocurrencies in With its headquarters located in Israel, it serves residents of over countries including the UK, Australia, and other countries of Europe and other parts of the world. For active bitcoin trading, including the ability to go long or short, we suggest forex brokers such as IG or 24crypto.de, due to their competitive spreads and ability to execute large orders. Conversely, traders that wish to purchase the underlying physical bitcoin can find eToro is a great option, followed by Swissquote Bank.
Bitcoin forex brokers usa7 Best Forex Brokers to Buy Bitcoin in - 24crypto.de
If you read my article best brokers for copy trading , you will know why choose Exness at the first option. Exness use launch Bitcoin trading on 24 September , and it became the best Bitcoin trading platform in the world. I have traded for some month, and I am very impressed with the execution speed and liquidity. Especially, their Bitcoin spread is the lowest one in the market. Simply put, I will compare this service fee with the traditional trading fee. It is only one-tenth of the traditional trading, one-third of Hotforex, and a half of XM fee.
Hotforex broker has also been open for Bitcoin trading since the last September. Spread from 15 pips. You can top up your account easily via banking or directly at their office with zero fees. The well-known XM has just offered Bitcoin trading since the last September. Some of their attractive conditions are low spread only from 12 pips, small order from 0. FXTM is a reliable broker with high execution speed, low spread, and good support.
FXTM spread fluctuates fast which is in a range of 15 - 20 pips. Thank you Roxan. Tags Best forex brokers Forex brokers Best forex brokers. Categories Best forex brokers Best Bitcoin brokers. It has more advantages than traditional Bitcoin trading: - Trading speed is super-fast — execution in a few milliseconds. So which Bitcoin brokers are the best brokers? Bitcoin Exness broker CFD If you read my article best brokers for copy trading , you will know why choose Exness at the first option.
I am a writer currently resided in Thailand. The trading platform offered by the user should be easy-to-use, navigable and rich with features. Ensure that your style of trading is compatible with that of the broker that offers Bitcoin trading.
Choose a forex broker that offers a reasonable amount as minimum deposit, fair withdrawal and payment terms, acceptable leverage ratio, terms of trading and other features.
Choose a forex broker that offer good and reliable customer service options. The best forex broker has on offer a number of trading tools, tutorials and guides that would help the trader in his endeavor.
Etoro is the latest among Forex brokers to make a foray into offering trading with Bitcoins. They offer CFDs. However, this site is not recommended for day traders as traders can enter and exit trades only up to four times in a day.
This broker uses Bitstamp as data feed for price references. It is to be noted that they do not accept US clients. The leverages offered are and , respectively. For both the contracts, data feed used is from BTC-E. Ava Trade does not allow weekend trading. This is a drawback for traders as they cannot take advantage of the fact that Bitcoins can be traded on all 7 days of the week unlike currencies. Ava Trade does not accept US clients.
Instaforex has recently introduced the facility of trading in Bitcoins to its clients. The leverage offered by the broker is There is no actual delivery of the cryptocurrency during trading. The gains are accrued from the rate fluctuations of Bitcoins. The cryptocurrency can be traded on the InstaForex platform with a leverage of up to These are the reasons why we suggest only using a regulated cryptocurrency broker. During our latest annual review for , eToro was the forex broker that allows you to trade the most cryptocurrency pairs available.
Conversely, traders that wish to purchase the underlying physical bitcoin can find eToro is a great option, followed by Swissquote Bank. To speculate that the price of bitcoin will fall, a trader can open a forex brokerage account with a broker that offers the ability to sell bitcoin as a contract for difference CFD. By placing a trade such as a sell to open order, by going short bitcoin, a trader expects to profit from a decline in the price of bitcoin.
In contrast, a price increase would cause a loss to a trader that has sold bitcoin and has a short position. This type of view may be needed to remain invested in bitcoin due to the volatility that Bitcoin prices exhibit. Long-term cryptocurrency investors will usually buy the underlying actual physical bitcoin.
Contracts for Difference CFDs are not ideal for holding long term because of the financing charges typically involved, because of the available leveraged when trading bitcoin CFDs. Therefore, holding the underlying is best for long-term investing, while bitcoin CFDs can be ideal for short-term traders. The costs and fees involved to buy bitcoin vary across brokers. Fees for buying bitcoin can become quite high across many websites and un-regulated exchanges, which is why we only suggest using a highly-regulated broker.
The best brokers for buying bitcoin will have low commissions and tight spreads, to help trades save on fees when buying bitcoin. For our Forex Broker Review we assessed, rated, and ranked 27 international forex brokers. Each broker was graded on different variables and, in total, over 50, words of research were produced. While encouraged, broker participation was optional.
Each broker had the opportunity to complete an in-depth data profile and provide executive time live in person or over the web for an annual update meeting. All data submitted by brokers is hand-checked for accuracy. Ultimately, our rigorous data validation process yields an error rate of less than. Learn more about how we test. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument.
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Steven previously served as an Editor for Finance Magnates, where he authored over 1, published articles about the online finance industry.
Steven is an active fintech and crypto industry researcher and advises blockchain companies at the board level. Over the past 20 years, Steven has held numerous positions within the international forex markets, from writing to consulting to serving as a registered commodity futures representative. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company.