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Forex

Bitcoin Forex Brokers

 
 
 
 
Nowadays the interest in cryptocurrencies is very high, and especially in “the digital gold”, Bitcoin. Officially launched by mythical person Satoshi Nakamoto in 2008, this virtual currency entered the world of legitimate Forex trading in 2013.

 

As purchasing Bitcoin or other cryptocurrencies can sometimes be a very complex and risky process, you could buy it in the form of a contract for difference (CFD). That is why an increasing number of brokers launch CFD trading in Bitcoin and other cryptocurrencies lately.

 

As with any CFD trade, the underlying asset (Bitcoin, in this case) is not traded itself. Instead, you simply speculate on whether the its price will to move up or down without any actual crypto-currency trading hands. Thus, investors who trade CFDs on Bitcoin do not actually own any crypto-currency, avoiding many of the potential difficulties and risks associated with it – they don’t have to get a bitcoin wallet, to trade via an exchange, etc. Plus, they don’t have to invest that much money, as they could use leverage, which increases their buying and selling power by providing them with virtual capital. 

 

Nonetheless, you should be aware of the risks involved in Bitcoin CFD trading. Namely, Bitcoin is much more volatile than standard currencies, as it doesn't have such deep, established market yet and is prone to big swings in value from one large sale or purchase. That is why most brokers have set maximum leverage levels for bitcoin trading which are significantly lower than the ones for forex trading.

 

You can find a list of Forex brokers offering Bitcoin CFD trading below. For a list of forex brokers accepting Bitcoin deposits, click here.



Bitcoin Forex Brokers

Broker Country Regulation Platforms Min.deposit Review
Cyprus CySec MT4, MT5, Web $5 Review Website
UK, Cyprus, Hong Kong FCA, CySEC, SFC MT4, Web,
PrimeTrader
$100 Review Website
UK, Australia, Singapore FCA, ASIC, MAS, BaFin MT4, Web,
ProRealTime,
2Dealer
$0 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Seychelles FinaCom MT4 $10 Review Website
Hong Kong N/A Web, Custom App Review
Luxembourg CSSF Review
Japan N/A Web, Mobile App Review
US N/A Web Review
UK FCA MT4, xStation $1 Review
Ireland, Australia, Japan, South Africa ASIC, Central Bank of Ireland MT4, AvaTrader $100 Review
UK, Australia FCA, ASIC MT4, Web,
Mirror Trader
$1 Review
Cyprus CySec MT4, Web $50 Review
UK, Cyprus, Australia FCA, CySEC, ASIC Web, Mobile $100 Review
Marshall Islands, Cyprus CySEC MT4, MT5 $10 Review
Cyprus, UK CySEC, FCA eToro
WebTrader,
eToro OpenBook
$50 Review Website
Cyprus, Russia, Belarus CySec, CBR, NBRB MT4, Rumus,
StartFX,
Libertex
$31 Review
Cyprus CySEC MT4, MT5,
cTrader
$300 Review
Malta MFSA Automated
Trading
Platform
€10 000 Review
SVG N/A MT4 $1 Review
Cyprus CySEC MT4, ParagonEx
Web Trader
$100 Review
SVG N/A MT4, Web,
SimpleFX
$1 Review
Cyprus CySEC MT4 $1000 Review
Cyprus CySEC MT4, Web $2000 Review
Switzerland VFSC Mobile App Review
South Africa FSB MT4 R3 500 Review
Belize IFSC MT4 $1 Review
St. Vincent and the Grenadines No MT4 $1 Review
Belize IFSC MT4, Web $1000 Review
Belize IFSC MT4 $10 Review
Russia Central Bank of Russia MT4, MT5, Web $1 Review
SVG N/A MT4 $100 Review
Hong Kong No Web, Whaleclub No Review
SVG No MT4, Web - Review
Marshall islands No Web, Yes No Review
SVG FSA Bulltrade None Review
British Virgin Islands None ActTrader $10 Review
UAE N/A MT4 $10 Review
Marshall Islands N/A MT4, Currenex,
ActTrader,
UniTrader
$50 Review
Belize None MT4, MT5 $5 Review
Estonia, Forex.ee N/A MT4 $50 Review
SVG None MT4 $500 Review
SVG N/A MT4 $20 Review
Australia, Vanuatu VFSC MT4, Vertex,
Fortex
$100 Review
SVG N/A MT4 $10 Review
UAE Central Bank of UAE MT4 $50 Review
Vanuatu VFSC Proprietary web $100 Review
US N/A Web Review
Ukraine N/A MT4 $10 Review
Hong Kong N/A MT4, Copy
trading
platform
$100 Review
Vanuatu N/A MT4 $100 Review
SVG FSA MT4 $10 Review
N/A N/A MT4 $1 Review
Vanuatu VFSC Web Review
UAE N/A MT4 $10 Review
Forex

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