Considering cryptocurrencies are mostly an unregulated asset class, investors should seek a certain level of protection for buying Bitcoin. Even the most popular crypto exchanges lack regularity, but investors can use forex brokers for crypto transactions.

Opting for a regulated forex broker to buy Bitcoin provides investors peace of mind knowing that a regulatory entity serves to protect investor funds. Numerous brokers are regulated, but their offerings don’t match investor expectations. Investors need the best of both worlds, so we found the best Bitcoin forex brokers and reviewed their offerings to highlight how they benefit investors and then presented it in a table for comparison simplicity.

Your capital is at risk. 78.91% of retail investor accounts lose money when trading CFDs with this provider.

Best Bitcoin Forex Trading Platforms Reviewed

Our comparison of the best Bitcoin forex trading platforms had led us to conclude that Capital.com is the top option.

1. Capital.com – Overall Best Bitcoin Forex Broker This Year – Trade BTC CFDs

Capital.com is a CFD platform, enabling traders to select the BTC/USD pair. It’s convenient enough for beginner traders to open a trade, yet sophisticated enough for professional traders to incorporate advanced tools to optimize their technical analysis.

The minimum deposit to start trading is $20, but it’s recommended to deposit at least $100 for cryptos. Capital.com doesn’t charge deposit or withdrawal fees, but traders may incur fees for positions open overnight. Traders won’t incur any commissions on Bitcoin, but a spread of $66 is applicable.

Using this platform enables traders to access all the popular cryptos paired with the US dollar and also crypto pairs. A leverage of 2:1 is available, and traders don’t need to set up a crypto wallet or private keys. More than 450 crypto pairs are available for trading.

The beneficial aspect of Capital.com is that it provides a learning center for beginners to improve their technical analysis. Advanced traders can use the market analysis provided to enhance their fundamental analysis. A demo account is available to test the platform and paper trade before making any financial obligations.

What We Like

Your capital is at risk. 78.91% of retail investor accounts lose money when trading CFDs with this provider.

2. eToro – Highly Regulated Broker Offering Bitcoin Copy Trading and 75+ Cryptos

One of the reasons that eToro has become so popular globally is that it offers a platform convenient for traders of all skill levels. Traders needing to test out the platform before going live can download a free demo account to trade $100,000. The platform also enables on-the-go traders to access a mobile app, containing the key features of the desktop version and conveniently designed for mobile screens.

Traders in the US and UK need to deposit only $10 to start, and international traders need a minimum deposit of $50. A deposit fee doesn’t apply, but withdrawals are charged $5. A conversion fee of 0.5% applies to deposits in currencies other than US dollars. Traders have numerous options for deposits such as debit/credit cards, Paypal, bank wire, Skrill, Neteller and more.

The fees incurred for trading Bitcoin on this platform are 1% and a spread. The only other fee traders should keep in mind is the inactivity fee. Traders who are inactive for 12 consecutive months are charged $10 monthly.

A great tool for beginners to use on eToro is CopyTrading. It enables beginners to follow the trades of professionals and enter the same positions. The exchange of ideas and interaction amongst traders makes this tool very social.

Finding a regulated broker in the crypto ecosystem is challenging, but several financial watchdogs monitor eToro. It’s regulated by CySEC, US SEC, FINRA, ASIC and FCA.

This platform’s offering is quite vast, so we wrote an in-depth eToro review.

What We Like

Your capital is at risk. 68% of retail investor accounts lose money when trading CFDs with this provider.

3. XTB – Popular Bitcoin Broker With High Leverage and Educational Material

Some traders regard XTB to be the best Bitcoin forex trading platform. It’s a CFD broker enabling traders to access more than 10 crypto CFDs with spreads for certain assets starting from 0.22%.

To trade Bitcoin on XTB, traders can choose between xStation and xStation Mobile platforms. The spread charged is $66.1, and traders can use 1:5 leverage. The web trade platform is compatible with Safari, Chrome, Firefox and Opera.

Beginners who don’t want to risk significant amounts will be pleased that XTB doesn’t have a minimum deposit requirement. Various payment methods are available such as debit/credit card, bank transfers and Paysafe. Depositing money via bank transfer and cards is free, but a Paysafe deposit is charged 2%. Withdrawals are free if a minimum of $100 is withdrawn.

Besides providing market news and calendars, XTB offers numerous trading guides. Traders have free access and can also learn about navigating the platform. Otherwise, a 24/5 chat is available for queries, or investors can get more info in our detailed XTB review.

What We Like

78% of retail investor accounts lose money when trading CFDs with this provider.

4. Libertex – Top-Tier Bitcoin Broker Offering a Sign-Up Bonus

Traders seeking an award-winning platform that provides Bitcoin forex trading need not look further than Libertex. Technical traders will appreciate the advanced tools offered on the platform, and fundamental traders can take advantage of the plethora of news and market analysis provided.

Traders can access more than 70 CFDs, with spreads starting from 0.00. Libertex enables traders to hold large positions, offering leverage of up to 1:500. To get started, traders need to deposit at least $10. Some of the payment options are Paypal, bank wire, and debit/credit cards.  Deposit fees don’t apply.

Inactive traders should take note of the $5 monthly charge if inactive for 6 consecutive months. Libertex doesn’t charge swap fees for overnight positions. Trading Bitcoin with this broker is available on MetaTrader4, MetaTrader5 and a mobile app. A demo account with a $50,000 balance for paper trading is available free of charge.

Libertex offers several bonuses. Traders get a 100% of their deposit as a welcome bonus. The bonus is added to the trader’s account for trading or even for withdrawals. A loyalty program provides traders with benefits such as weekly trade ideas and changing the leverage of open trades.

New traders receive between 5% and 12% interest per annum on their first deposit.

What We Like

Your capital is at risk. 70.8% of retail investor accounts lose money when trading CFDs with this provider.

5. Avatrade – US Broker Providing DupliTrade and ZuluTrade

Traders who enjoy a lot of options will find Avatrade to be one of the best Bitcoin forex brokers. Avatrade enables traders to enjoy several platforms for Bitcoin trading such as MetaTrader 4, MetaTrader 5, AvatradeGo and Webtrader.

Avatrade is the ideal platform for beginners for several reasons but mainly because it connects them to professional traders. Its DupliTrade and ZuluTrade features enable beginners to copy the trades of professionals and also to automate them when they’re unavailable to trade. Avatrade provides an algorithmic trading platform on MT5.

Otherwise, beginners can use an entire library consisting of a wealth of knowledge about trading. Access to the educational content, consisting of videos and guides, is free. Avatrade also provides economic indicators and trading strategies.

Bitcoin traders will incur an average of a $40 spread on this platform. A leverage of 25:1 is available, and traders need to deposit at least $100 to start. The main methods for account funding are debit/credit cards, bank transfer, Webmoney, Neteller and Skrill.

What We Like

Trading CFDs and FX Options entails risk and could result in the loss of your capital.

6. Pepperstone – Bitcoin Broker Enabling Professional Client Accounts

One of the reasons that Pepperstone has made a big impression on many traders is that it offers a separate platform for novices and experienced traders. Professional clients have their own platform, enabling them to higher leverage, exclusive account features and access to the Active Traders program.

Even if traders don’t opt for the professional client account, they can choose between cTrader, MetaTrader 4 and MetaTrader 5 platforms. Pepperstone also enables traders to connect to TradingView.

A key feature for beginners is Capitalise.ai. It’s a code-free automation tool that provides trading opportunities by analyzing the market and informing traders of potential setups. Alternatively, beginners can use social trading to copy the trades of professionals.

Trading Bitcoin on this platform requires a $30 spread fee, making Pepperstone of the most affordable Bitcoin brokers. Pepperstone recommends a minimum deposit of AUD$200, which is equivalent to US $100.

Apart from providing market analysis, Pepperstone offers trading guides and webinars.

What We Like

81.18% of retail investor accounts lose money when trading CFDs with this provider.

7. IG – Renowned Broker with Free Trading Signals

It’s easy to see why numerous traders feel that IG is one of the best Bitcoin forex brokers. Traders can incorporate numerous strategies offered by the platform such as algorithmic trading and trading signals. This broker also enables traders to choose between MetaTrader 4, mobile trading and Pro-Real Time, a web-based charting package with automated trading.

Beginners need not rush into depositing their money as they can try out IG’s demo account. A learning center is accessible for free on the website, providing guides about how to trade and use the platform. Traders can also partake in webinars.

Traders can go live by depositing at least $300 with a credit card. IG doesn’t have a minimum deposit amount for accounts funded via bank wire. The spread charged for Bitcoin on this platform is $90. Withdrawals are free, but inactivity fees apply. Traders who are inactive for more than 24 months are charged a monthly inactivity fee of $18.

IG provides more than 10 cryptocurrencies for trading but also offers forex trading and access to stocks, indices, futures, options and commodities.

What We Like

8. Tickmill – Low-Spread Bitcoin Broker Offering Several Account Types

A key feature that separates Tickmill from most brokers offering forex and Bitcoin trading is the various accounts. Traders can select the classic, pro and VIP accounts. Each account offers distinct features and benefits. Other options include an Islamic account, and traders can test out the platform by downloading the demo account.

Although Tickmill offers only 8 cryptocurrencies to trade, it offers some of the lowest spreads in the industry. Trading Bitcoin on this platform incurs an average spread of $25.  As for the platforms, traders can choose between the web trader platform, MetaTrader 4, MetaTrader 5 and even MetaTrader for Mac.

Trading on this platform requires traders to fund their accounts with at least $100. To get a VIP account, traders need to deposit at least $50,000. Tickmill provides leverage of 200:1 for cryptocurrency trading. Another benefit of joining Tickmill is the $30 bonus for signing up.

The client tools section provides access to numerous guides and videos, as well as enabling traders to join webinars to learn about trading and this platform.

What We Like

9. Markets.com – Bitcoin Broker Providing Prompt Support

Markets.com enables traders to trade 19 cryptocurrencies on MT4, MT5 and a mobile app. The great thing about this broker is that it offers tools for fundamental, technical and sentiment analysis. Traders can incorporate Fibonacci retracements, micro-economic factors and media coverage received from Markets.com to optimize their strategies.

Beginners can start by trading a demo account while accessing free educational material. Then to go live, traders need to deposit at least $100. The average spread for Bitcoin on this platform is $50. Traders can deposit funds via various methods such as bank wire, cards, Neteller, Skrill, Wire Transfer and Zotapay.

This broker doesn’t leave traders in the lurch because it provides support 24/5 via live chat and phone support is also available to address urgent queries.

What We Like

10. XM – Globally-Known Bitcoin Broker with Numerous Trading Platforms

XM is another forex broker offering Bitcoin trading. To attract customers, XM provides a $30 sign-up bonus and also offers a 50% deposit bonus up to $500. Traders who deposit up to $4,500 receive a 20% bonus. Another benefit of using XM is joining the loyalty program, offering bonuses by invite only.

Before going live, traders can try XM’s demo account because they need to know how to trade cryptocurrencies. Traders wanting to use XM for Bitcoin trading need to deposit only $5 to start. The lowest spread offered for Bitcoin on this platform is $24. Trades have access to more than 30 cryptocurrency pairs and can use up to 1:250 leverage.

The great thing about this broker is that it offers tons of educational material, so traders won’t feel overwhelmed by the numerous platform options.

What We Like

Top Bitcoin Forex Platforms Compared

We’ve provided a table comparison of the Bitcoin brokers reviewed to highlight their features and benefits.

How We Select the Best Bitcoin Forex Brokers

We used a certain criteria to evaluate all the forex brokers offering Bitcoin. Let’s get into the specifics of how we evaluated brokers to determine the top choices.

Regulation

Most crypto exchanges globally aren’t regulated, but safety is an important aspect for investors to consider. A safe way to trade crypto is to do it via reputable, trustworthy forex brokers. The brokers we picked are regulated by various financial entities.

Range of Cryptos

Traders enjoy options, so we looked for brokers that provided various cryptocurrencies. In some cases, it was crypto pairs that brokers offered the most, but all of them had to provide BTC/USD pair.

Fees

Besides being regulated, brokers need to provide low fees. High fees can significantly lower profits and magnify profits.

Tools & Analysis

Beginner traders desire a convenient platform to open a trade, but expert traders require advanced tools to enhance their technical analysis. We searched for trading platforms catering to traders of all skill levels.

Minimum Deposit

Most beginner traders don’t want to risk a lot of money, so they prefer platforms requiring small deposits. Some of the brokers we selected don’t have a minimum deposit.

Demo Account

Traders prefer to test out a platform to determine if it contains the tools they require. A demo account helps beginners get a feel for the market and advanced traders to gauge if the platform provides the tools they seek.

Mobile App

Traders enjoy keeping up to date with their open positions when they’re on the go, so they need a user-friendly app that contains the key features found on the desktop platform.

Payment Methods

A broker providing several payment methods makes it easier for traders to deposit funds. Some methods are cheaper than others, so traders should be able to choose the best option.

Customer Service

It’s vital that brokers provide prompt feedback to traders. The last thing traders need is to wait long durations to have their queries answered while missing out on trades.

Conclusion

Our comparison of the top brokers offering Bitcoin trading led us to conclude that Capital.com offered the most benefits. Not only does this platform not charge deposit and withdrawal fees, but it also offers numerous cryptocurrency pairs and plenty of educational material to help beginners on their trading journey.

Traders can also use Capital.com’s app and leverage to open large positions. This regulated broker requires a small deposit and enables beginners to sample its platform with a demo account.

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