Best Bitcoin Forex Brokers
How to Find the Best Brokers for Trading Bitcoin For You
Bitcoin has gone from theory to accepted financial instrument very quickly, with many retailers, businesses, and payment processors now accepting bitcoin. However, while bitcoin and other cryptocurrencies can be very attractive to some, they also come with their own unique levels of risk and controversy. In this article, we will be providing an overview of what bitcoin is, how it works from generation to valuation, and why it has become a popular financial instrument for traders.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65% and 82% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Best Bitcoin Forex Brokers
Here are the best forex brokers for trading bitcoin.
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eToro
- 8.8/10 Overall
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Capital.com
- 8.4/10 Overall
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Swissquote
- 8.7/10 Overall
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Interactive Brokers
- 9.7/10 Overall
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Eightcap
- 7.6/10 Overall
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Saxo Bank
- 9.7/10 Overall
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XTB
- 9/10 Overall
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TD Ameritrade
- 9.5/10 Overall
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ACY Securities
- 7.4/10 Overall
Minimum Deposit
$10-$10,000 |
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.
close
Highly Trusted |
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard | 1 |
All-in Cost EUR/USD - Active | N/A |
PayPal (Deposit/Withdraw) | Yes |
Skrill (Deposit/Withdraw) | Yes |
Visa/Mastercard (Credit/Debit) | Yes |
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.
close
Average Risk |
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard | 0.65 |
All-in Cost EUR/USD - Active | 0.66 |
PayPal (Deposit/Withdraw) | Yes |
Skrill (Deposit/Withdraw) | Yes |
Visa/Mastercard (Credit/Debit) | Yes |
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.
close
Highly Trusted |
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard | N/A |
All-in Cost EUR/USD - Active | N/A |
PayPal (Deposit/Withdraw) | Yes |
Skrill (Deposit/Withdraw) | Yes |
Visa/Mastercard (Credit/Debit) | Yes |
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.
close
Highly Trusted |
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard | 0.6 |
All-in Cost EUR/USD - Active | 0.6 |
PayPal (Deposit/Withdraw) | No |
Skrill (Deposit/Withdraw) | No |
Visa/Mastercard (Credit/Debit) | No |
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.
close
Trusted |
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard | 1.0 |
All-in Cost EUR/USD - Active | 0.76 |
PayPal (Deposit/Withdraw) | Yes |
Skrill (Deposit/Withdraw) | Yes |
Visa/Mastercard (Credit/Debit) | Yes |
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.
close
Highly Trusted |
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard | 0.9 |
All-in Cost EUR/USD - Active | 0.7 |
PayPal (Deposit/Withdraw) | No |
Skrill (Deposit/Withdraw) | No |
Visa/Mastercard (Credit/Debit) | Yes |
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.
close
Highly Trusted |
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard | 1.07 |
All-in Cost EUR/USD - Active | 1.04 |
PayPal (Deposit/Withdraw) | Yes |
Skrill (Deposit/Withdraw) | Yes |
Visa/Mastercard (Credit/Debit) | Yes |
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.
close
Highly Trusted |
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard | 1.25 |
All-in Cost EUR/USD - Active | 1.25 |
PayPal (Deposit/Withdraw) | No |
Skrill (Deposit/Withdraw) | No |
Visa/Mastercard (Credit/Debit) | No |
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.
close
Average Risk |
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard | 1.2 |
All-in Cost EUR/USD - Active | 0.85 |
PayPal (Deposit/Withdraw) | No |
Skrill (Deposit/Withdraw) | Yes |
Visa/Mastercard (Credit/Debit) | Yes |
Trading Bitcoin with a Regulated Broker
While bitcoin itself is not yet regulated by the FCA (although there are reports it may be soon), it is possible to use a regulated broker when trading bitcoin. In the past, there have been a number of examples of the compromise and collapse of high-profile bitcoin websites, which has led to the loss of considerable amounts of bitcoins. This can mean that the trust and reliability of the broker are arguably more valuable when trading bitcoin than any other currency.
Popular Bitcoin Broker: AvaTrade
AvaTrade is a regulated broker that allows you to trade bitcoin with the popular MetaTrader 4 platform alongside healthy leverages of up to 1:400. Another benefit of trading with AvaTrade is that a minimum deposit of only $100 dollars is required to open an active trading account.
Advantages of trading with AvaTrade:
- Automated trading
- Free demo account
- Guaranteed stop-loss orders
- Real-time charts
- News and market analyses
- AvaTrade currently allows all members to deposit funds via Bitcoin and PayPal as well as standard options such as wire transfers and credit cards
BrokerNotes.co 2023 Overall Rankings
To recap, here are our top forex brokers for 2023, sorted by Overall ranking.
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Forex Risk Disclaimer
There is a very high degree of risk involved in trading securities. 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. Learn more about foreign exchange risk.
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