HFM information and reviews
HFM
96%
FXCC information and reviews
FXCC
92%
FxPro information and reviews
FxPro
89%
FBS information and reviews
FBS
88%
Vantage information and reviews
Vantage
85%
MultiBank Group information and reviews
MultiBank Group
84%

Bitcoin Forex Brokers 2024 – Best Cryptocurrency Brokers

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.

# Forex Broker Cryptocurrency Trading Support Year Status Regulation Reviews
1HFM 2010RecommendedCySEC, FCA, DFSA, FSCA, FSA, CMAReviews
2FXCC 2010RecommendedCySEC, SVGReviews
3FxPro 2006RecommendedCySEC, FCA, FSCA, SCBReviews
4Vantage 2009VFSC, ASIC, FCA, FSCAReviews
5MultiBank Group 2005SCA, MAS, CySEC, ASIC, AUSTRAC, BaFin, FMA, FSC, CIMA, TFG, VFSCReviews
6Octa 2011CySec, MISA, FSCAReviews
7Errante 2019RecommendedCySEC, FSAReviews
8Moneta Markets 2019RecommendedFinancial Sector Conduct Authority (FSCA), Financial Services Regulatory Authority (FSRA), the Securities and Commodities Authority (SCA), and the Financial Services Authority (FSA).Reviews
9Alpari 1998FSC MauritiusReviews
10Efixxen 2023Newn/aReviews
11Exness 2008FSA, CySEC , FCA , FSCA , CBCS ,FSC, FSC (Mauritius), CMAReviews
12Just2Trade 1994CySEC, NFA, FINRA, SIPCReviews
13OnEquity 2022NewFSA Seychelles, FSCA South AfricaReviews
14FXTM 2011RecommendedCySEC, FCA, IFSCReviews
15Dukascopy 2000FINMAReviews
16easyMarkets 2001CySEC, MiFID, ASICReviews
17eToro 2007CySEC, ASIC, FCAReviews
18Forex4you 2007FSC BVIReviews
19FOREX.com 1999FCA, IIROC, ASIC, CFTC, CySEC, JFSA, MAS, CIMAReviews
20Kiexo 2020n/aReviews
21YCM-Invest 2003FCAReviews
22FXOpen 2003FCA, ASIC, FCReviews
23ITrader 2013Closedn/aReviews

* 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.

How to trade Bitcoin on Forex?

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.

Why has BTC become such a hot trend with forex brokers?

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.

Bitcoin trading vs. Forex trading: similar or different?

Similar

  • 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.

Different

  • 24/7 regime of BTC trading.
  • Low liquidity of BTC trading as comliared 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.

Tips when choosing a Bitcoin Forex Broker

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.

Latest Bitcoin Brokers Reviews

All Reviews
XM information and reviews
XM
82%
FP Markets information and reviews
FP Markets
81%
FXTM information and reviews
FXTM
80%
AMarkets information and reviews
AMarkets
79%
Octa information and reviews
Octa
79%
BlackBull information and reviews
BlackBull
78%

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