Bitcoin leverage broker

We have taken the liberty to explore the market and come up with a list of the best ten high –leverage brokers operating within reputable regulatory frameworks, offer such operational merits as fast payment processing and order execution, data security, and customer support.

Free forex bonuses

Best High Leverage Forex Brokers for 2020, bitcoin leverage broker.

Leverage ratios denote the range within which you can use the forex broker’s loan capital in executing your trades. A higher ratio, therefore, implies access to a higher trading loan capital.

Best high leverage forex brokers for 2020

Last updated: 29 july 2020

The forex market, with its $5 trillion trading volumes isn’t just the largest investment industry in the world but is also the most liquid. The huge market size, liquidity and added perks like the availability of high leverages make it the most attractive market for most individuals and institutional investors.

Several regulatory bumps that have emerged in the past decade have threatened to disrupt trade by attacking its most attractive feature – leverage. It started in 2010 when america’s CFTC set a 1:50 cap on the leverage afforded to forex brokers. Eight years later, europe’s ESMA followed suit and introduced a 1:30 leverage cap in august 2018. You, however, don’t need to panic as there still exist numerous reputable international brokers with leverages as high as 1:3000.

We have scoured the internet vetting the different high leverage brokers currently available and came with a list of 10 best brokers so you don’t have to. But first, we share with you the criteria we used in separating the wheat from the chaff.

Best high leverage brokers for 2020

Cryptorocket: beginner-friendly platform with 1:500 leverage

XM global : leverage up to 1:500 and 60 currency pairs to choose from

Instaforex : extra fast trade processing and high security

Octafx: 1:500 leverage, no deposit or withdrawal fees

Forex.Com : best for U.S. Customers and heavily regulated

Criteria used to rate high leverage forex brokers

While we have our focus set on finding the different high leverage traders, our tests aren’t blind to every other factor that makes a reputable forex broker. Complimentary factors that helped inform our decision to settle on the best brokers included:

Cost of trading (spreads, fees, and commissions)

Account options (lost size, spreads and payment options)

Customer support

Regulation and compliance

Number of currency pairs offered

Data security

Risk management (stop loss and guaranteed stop loss)

Research, news, and tools (webinars, live streams, ebooks and videos)

Trading platform interface (user-friendliness and indicators)

Good trade execution

Top 10 high leverage brokers

1. Cryptorocket

Over the years one of the most controversial topics of the retail trading market has been leverage, and the reason for this was the fact that many brokers used to offer high levels of leverage to individuals that were not sophisticated enough to understand the risk of it. After a stronger regulation in both european and american markets, the amount of leveraged offer to retail investors have decreased dramatically.

Cryptorocket is a fully CFD dedicated firm that has become known for offering a vast range of asset classes and also high leverage to modern standards. A leverage of 1:500 used to be considered something completely norm just a couple of years ago, but today is almost unknown in most regions.

If you are planning on utilizing a strategy that requires high leverage or if you are simply interested in trading with a reliable and also strong platform we recommend you look at cryptorocket as your go-to option.

2. XM global

While XM UK and XM global are subsidiaries of the larger XM global limited, you will only ENJOY the benefits of high leverage, up to 1:888, from XM global. The former is FCA-UK regulated and thus operates within the 1:30 leverage cap. We were particularly attracted to XM global’s comprehensive approach to forex trade with different accounts catering for both beginners and advanced traders. It gives you access to all the seven major currency pairs with tight spreads from as low as 0.6 pips.

More about XM broker

After opening a trading account with XM, you become eligible for their different types of bonuses. These include the no-deposit bonus, $30, for every new account and a 100% matching bonus for the first deposit.

If you are new, you will probably want to sign up to their free introduction to forex trading course. It is availed in the form of articles, ebooks, videos and regular webinars- hosted several times a week.

Both beginners and advanced forex traders can also opt to have one of XM’s personal account managers handle their accounts, at a fee. And should you chose to manage your account, XM avails daily signal updates and market outlook for more informed trade execution.

3. Instaforex

Established in 2007 and headquartered in kaliningrad, russia, instaforex comes up as one of the best eastern europe based forex brokers. Its high leverages of 1:1000 in a region that is dedicated to crippling leveraged traders makes it stand out. So does its multi-account feature that allows traders to host three accounts on their servers simultaneously and support for all major currency pairs.

How does it work?

Instaforex caters for both the beginners and expert traders. Either can start by opening a demo account or a real trading account that only calls for $1 in minimum deposits. In both cases, all instaforex traders have access to training resources and video tutorials. The broker will also grant their clients immediate access to their elaborate charts as well as a wide array of technical analysis tools to help execute trades.

While analyzing the broker, we particularly liked the level of instant support they provide their traders through multiple communication channels. We also liked the level of technology investment they have put towards ensuring their brokerage is available on different options like the web trader, MT4 and MT5.

Apart from its high leverage – 1:500 – octafx makes it to our list of best US forex brokers because of its ultra-low fees and even lower spreads that range from 0.4 to 0.6 pips. We also liked its copy trading option that allows beginners to make more informed trades by copying and learning from the more experienced traders.

More importantly, octafx runs regular promotions that grant a select group of traders access to higher leverages. Their last campaign targeted the asian market, allowing the MT4 traders from the region to manually raise their leverage from 1:500 to 1:1000 and the MT5 traders from the standard 1:200 to 1:500.

How does it work?

You start by opening a trading account and choosing a trading platform; you can opt for MT4, MT5, their web trader platform or the octafx trading app. Either of these is available in over 10 languages and require a minimum deposit of $5 with a 50% bonus on your first deposited amount.

Here, you can trade all the major currency pairs with a trader that executes trades fast through the one-click trading feature. Apart from the copy trading feature, we also liked their daily market outlook and constant trading signals.

5. Forex .Com – best option for US costumers

In a market that is speedily collapsing the leverage walls, it is impressive to see the 1:400 offered by forex.Com. We feature it on this list not just because of the competitive leverage and fixed spreads but also because of its longstanding reputation in the forex market. Having been established in 2001 and forex.Com is one of the most successful and reputable high leverage brokers.

More about forex.Com

We believe forex.Com has one of the largest collections of tradeable currency pairs, 80+. We also liked its clear and competitive pricing model that captures every transaction as well as its elaborate trading platforms. Apart from providing a trader with a wide resource of technical analyses tools, we also observed that the broker keeps tabs on the forex markets regularly and forwards tips on possible price action influencers.

6. Forextime (FXTM)

With a higher than average leverage provision of 1:1000, a strong brand reputation and a huge collection of trading currency pairs, FXTM, easily makes it to our list of best forex brokers. Such other factors as expansive trading platforms, from metatrader to webtrader and mobile apps, as well as its foolproof risk protection also informed our decision to include it in our top ten list.

More about FXTM

FXTM broker places a huge emphasis on forex education and constant trading strategy revaluation and is, therefore, sending regular materials and hosting webinars. We also liked the broker’s strong emphasis on data security, fast execution of trades, and a supportive customer service team.

We also noted that FXTM has adopted one of the fastest payment processing technologies, capable of processing a huge base of payment options. The number of forex trading pairs available here is however capped to 50 but features all the major trading pairs.

After two decades of active involvement in money markets and a leverage of 1:1000, alpari easily passes as one of the most reputable forex brokers. It also makes it to the list by virtue of being one of the most decentralized brokers, located in eight locations across the world and over 60 currency trading pairs.

More about alpari

One of the most unique features with alpari is that it maintains a special binary trader platform for clients alongside the already versatile trading platform that comprises of MT4, mt5, web and mobile application traders. We also liked the level of differentiation they have put in place for different accounts as well as the different bonuses availed to clients upon registration, making the first deposit.

Additionally, the broker keeps tabs on their traders account activity, rewarding active and loyal traders with a premium membership. Perks here include free deposits and withdrawals.

8. Nordfx

Started in 2008 and headquartered in mauritius, nordfx makes it to our list of best forex brokers because of its high leverage, 1:1000. The broker’s services have also received a node from numerous global organizations and currently operated under the regulations of such global bodies as cysec. It also stands out because of its versatility in trading platforms that include MT4, MT5, android and ios app and a webtrader.

More about nordfx

Nordfx maintains three manual trading accounts whose minimum deposit amounts range from $10 to $500 and spreads from 0.0 pips to 2 pips. We, however, noted that while it supports all the major currency trading pairs, its collection of currency trading pairs is limited to 33. Nonetheless, nord’s appreciation for technology extends far beyond their platform versatility to touch on its speedy payment processing system.

9. Vantagefx

Vantage FX allows you to trade with leverages of up to 1:500. This and fact that that it has built a strong reputation since its establishment in 2009 plus its regulation by the leverage-friendly australian ASIC played key roles in ensuring it made it to our list of best forex brokers. Apart from the usual versatility in metatrader and web trader platforms, vantagefx has also partnered with zulutrade, the social trading network, to facilitate social trading.

More about vantage FX

Vantagefx stands out from most other equally reputable australian and south east asia brokers because of their 15% welcome bonus for initial deposits above $1000. The broker will also reward a trader who successfully refers another with $100 deposit to a live account.

The broker, however, demands $100 as a minimum deposit amount that can be used to trade over 40 currency pairs. Equally interesting to us was the free VPS service offered by the broker as well as a binary options trading feature.

10. IC markets

Australian based IC markets makes it to the list of best forex traders available today because it is one of a handful offering such a high leverage 1:500 to robots, scalpers and high volume traders. While most brokers may offer higher leverages than this, we noticed that they only target manual traders and have implemented a graduated leverage allocation schedule that decreases in relation to an increase in trading volume.

More about IC markets

Apart from the leverage, fact that it targets scalpers, and automated trading market, we liked IC market’s spreads and order execution speeds. Note that while most brokers adopt floating spreads that keep fluctuating, IC markets embrace a fixed spread for their base trading currency pair EURUSD that averages 0.1 pips.

The broker is also alive to the technological demands of the industry, particularly when dealing with automated traders and has in effect fine-tuned its system to post some of the fastest trade executions speeds in the industry.

11. Financial business services (FBS)

FBS forms the crème of the industry with its ultra-high leverage extending to 1:3000. You will also like it if you are looking for a forex broker with differentiated types of accounts catering every type of trader, from CENT account for beginners to ECN accounts for high volume traders, scalpers, and automated traders.

More about FBS

One of our most unique observations about FBS includes the fact that the broker covers the commissions and therefore has no deposit or withdrawal fees. The spreads here range from 0.0 pips for the zero spreads account to 3 pips for the micro trading account.

We were also intrigued by the fact that FBS versatility doesn’t just start and stop with the establishment of multiple types of accounts and superior technologies. It also covers global reach where the trader is available for most global citizens, safe for US traders, and also supports most major international languages.

Bottom line

The american and european jurisdictions may have placed a cap on leverage, but this hasn’t deterred international brokers. The forex market isn’t short of high leverage brokers willing to help further your trades and extend your bottom line while shielding your accounts from heavy losses and negative balances.

If you are actively looking for a good high leverage forex broker, we advise that you go through this list carefully, and only settle with a broker that best suits your needs. For instance, if you are relatively new to the trade, we recommend that you consider a broker that is genuinely committed to advancing forex education.

Faqs

Can I incur negative account balance due to leverage trading?

This is entirely dependent on the high leverage broker you chose. A majority of the brokers we have listed here have implemented safeguards like guaranteed stop loss and low fixed spreads that guard against huge losses and negative trading account balances.

What is the difference between 1:30 and 1:3000 leverages?

Leverage ratios denote the range within which you can use the forex broker’s loan capital in executing your trades. A higher ratio, therefore, implies access to a higher trading loan capital.

Which is the best high leverage forex broker?

In an ideal situation, the best high leverage broker would be one that offers the highest leverage ratios. But you have to look beyond this and evaluate such other factors as reliability, regulation, and the level of customer support advanced to the traders. We have taken time to evaluate them all using these reliability metrics, so you don’t have to, and we believe that any of the above-mentioned brokers fulfill this criterion.

What is the best leverage to use in forex?

Note that the higher the leverage ratio, the higher the risk. The best leverage ratio, therefore, depends on your risk tolerance.

Which is best between manual and automated forex trading?

We believe that there is a reason more than 70% of all forex market trades today are executed by automated trading robots. The forex market is highly volatile and it takes seconds, or even milliseconds, for prices to change making it difficult to analyze and execute meaningful trades manually.

Best bitcoin brokers

Every successful investor and trader should consider adding bitcoin and other digital assets to a well-rounded and diversified portfolio. Read on to discover dailyforex’s picks for the best bitcoin brokers (based on reviewing over 100 bitcoin brokers on eleven criteria) so that you can choose the right one for you.

Best broker for social traders and crypto traders : 75% of retail CFD accounts lose money

Wide range of cfds + trailing stop losses

Cysec, FCA, ASIC, FMA, FSB, MAS

Wide range of cfds + trailing stop losses

Highly regulated, choice of fixed or floating spreads

Mifid, central bank of ireland, FSA, ASIC, BVI, FFAJ, FSCA, ADMG - FRSA

Highly regulated, choice of fixed or floating spreads

Great ECN execution on MT4 platform

Excellent educational offerings

1:500 (ASIC entitiy only), 1:30 cysec retail, 1:300 cysec pro

Excellent educational offerings

Bitcoin industry overview

Bitcoin officially launched in 2009 but was a pure retail phenomenon for many years until 2016 when its price began to increase exponentially. It formed a massive bubble which burst in december 2017 after just failing to hit $20,000. This dramatic increase created many new retail millionaires before the crypto winter of 2018 sent it spiraling down to below $3,100. It was a necessary development, allowed bitcoin to mature, and attract institutional capital. Regulators around the globe warmed up to this new asset class. The covid-19 pandemic of 2020 led to panic selling by retail traders while professionals dumped bitcoin to meet margin calls for equity portfolios. This led bitcoin down to a reaction low below $4,000 from where it launched a strong recovery. By the end of 2020 bitcoin was again close to its all-time high price. Bitcoin remains volatile but also possesses tremendous profit potential. More companies have added bitcoin to their balance sheets, banks have started to embrace it, and it has solidified itself as a viable store of value, often labeled digital gold.

While the mining of the first block of bitcoin, on january 3rd, 2009, also referred to as the genesis block of bitcoin or block 0, started a revolution, the idea of digital assets dates back over a decade. Many companies floated ideas and implemented or used digital assets before the yet-to-be-identity behind satoshi nakamoto mined the now-infamous block 0 of bitcoin, which created a new asset class. Computer engineer wei dai and computer scientist nick szabo, the creators of bitcoin predecessors b-money and bit gold, respectively, were early supporters of bitcoin. Satoshi nakamoto, per rumors but without official proof, mined 1,000,000 bitcoin before disappearing from the public, handing over the project to gavin andresen, the lead developer at the bitcoin foundation.

Fast forward a decade, and an entire ecosystem exists around cryptocurrencies and digital assets, of which there are more than 7,000, and the number continues to grow. Following the 2008 global financial crisis, trust in the fractional reserve banking system diminished, debt continues to pose a significant threat, and many, especially those below the age of 40, sought an alternative to fiat currency. The demand for cryptocurrencies results in many exchanges vying for the title of the best bitcoin exchange. It leads to improvements in their trading platforms and services to attract traders. 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). Investors and traders need to understand the difference between buying and selling the actual currency or doing so with a derivatives contract.

At first, most bitcoin transactions took place on cryptocurrency exchanges, but forex brokers expanded into the sector. Today, most offer bitcoin cfds, and some support various wallets to allow transactions of actual cryptocurrencies. Our review examined over 100 brokers to determine the best bitcoin brokers for november 2020. The sector remains in its infancy but has matured to a level where trading has become more stable, price action respects technical parameters, and a growing number of professionals have entered the market. Companies, especially software companies, and banks started to embrace bitcoin and company as an asset, and investors and traders have one more sector to analyze, trade, and generate profits. Bitcoin trading will continue to attract new traders and expand its market share among traded assets. With this list of our best bitcoin brokers, you will have the infrastructure to add bitcoin trading to your daily routine successfully.

Bitcoin trading regulation

As with all assets, regulation varies by jurisdiction, and in the case of bitcoin and other digital assets, it may differ between regions within the same country if there is some kind of federalized political system. Since all our reviewed brokers provide exposure to the cryptocurrency market via cfds, traders do not possess ownership of the underlying asset. Therefore, cryptocurrency regulation, spotty and changing as it may be, does not apply. All that matters is that the broker remains well-regulated and compliant with all rules, and CFD traders have nothing to worry over. It is important to note that those seeking to buy and hold, or hodl as the cryptocurrency sector refers to it, must do so by purchasing bitcoin on an exchange, which requires a cryptocurrency wallet. Cfds are for trading purposes with a short-term approach only, due to daily financing costs on leveraged overnight positions. So, if you want to hodl, you must own the asset in your cryptocurrency wallet, but if you seek to trade and profit from the volatility in price action, you will do so with ease by using cfds. Ensure you do so with a regulated broker, which was a criterion for all the bitcoin brokers we reviewed.

What to look for in a bitcoin broker?

While managing your assets from a competitive bitcoin trading platform remains essential, there are several other factors to consider when evaluating a broker to ensure you deposit your capital into a safe, secure, and transparent environment.

Here are some attributes each bitcoin broker must excel at:

Regulation:always make sure that you trade with a regulated broker. It does not provide a 100% guarantee that you will not experience well-hidden malpractice, but it does go a long way to ensure you remain protected against outright fraud and theft. Traders must avoid trading with an unregulated broker, irrelevant of how attractive an offer may be.

Reputation: regulation is not all that traders should rely on, as reputation is equally important. A bitcoin broker that enjoys the trust of a growing number of traders and has been operational for over a decade points to a secure trading environment.

Price: while the price of bitcoin may appear the same across all exchanges, you must look at the difference between the bid and the ask price, known as thespread. It is how brokers earn their revenues, and there can be vast differences in the mark-up, which will directly impact your profitability. Select a broker with tight spreads so you can earn more from each trade. Market makers with commission-free trading usually cover the difference with a notably higher mark-up.

Payment charges: most brokers waive deposit fees, but some apply internal withdrawal charges. Also, check the costs of your payment processor, as most payment options carry costs. Depending on your preference and circumstances, you may want to make sure your broker supports your payment processor. You may also face currency conversion charges if you transact in a currency that differs from your account base currency.

Customer support: you never know when something unexpected occurs, and trading with a bitcoin broker that offers swift access to customer support can assist. Since cryptocurrency trading takes place 24/7, look for a broker with 24/7 customer support. Otherwise, it will be less beneficial than you may need it to be.

Design & ease of use: the best bitcoin trading platforms will feature a user-friendly interface, allowing traders to manage their portfolios with ease. The MT4 and MT5 trading platforms require upgrades, available at a cost, to achieve improved usability for trading bitcoin. Some brokers offer them free of charge, while others have developed a proprietary trading platform. Do not be afraid to test them all as demo accounts to see the differences and find the one that suits you the most.

Variety of coins:all brokers offering cryptocurrency cfds will provide access to the top four assets by market value. It is adequate for new retail traders to get started, but if you require broader access, the choice of brokers will narrow significantly.

Leverage: trading cfds without leverage defeats the purpose of a derivative contract, but always use leverage together with goodrisk management. It remains the most beneficial trading tool and also the most misunderstood and misused one. Since cryptocurrencies remain highly volatile, the maximum is often much lower than on other assets. Trading with a bitcoin broker granting maximum leverage of at least 1:5 will offer enough of a competitive edge.

Demo account: A demo account is usually available at all brokers. Use it to test the trading platform, or if you have an automated trading solution, run it in a demo version first. Many brokers create more favorable conditions in a demo account to attract deposits from new traders. Many believe a demo account is ideal for learning how to trade, more effectively conducted in a live trading environment with a small initial deposit.

Initial deposit:the smaller the initial deposit, the greater the flexibility of your financial management. Most brokers lowered their minimum to $100, some have it as low as $1, and others waive it altogether. Also, check about follow-on deposits, as most brokers require a more significant initial one and lower it after that.

Pros & cons of trading bitcoin with a broker

There are pros and cons of trading bitcoin with a broker rather than at an official exchange. It often depends on your preferences.

The pros of trading bitcoin with a broker

Cfds do not require a cryptocurrency wallet

Regulatory restrictions do not apply

More leverage on assets

Broader range of payment options

24/7 customer service

Trading tools, research, and education

Ease of use from customizable trading platforms

The cons of trading bitcoin with a broker

Higher costs due to mark-up in spreads

Not suited for long-term investors and hodlers

Fewer assets

How do bitcoin brokerages work?

Most bitcoin brokerages write derivative contracts, usually cfds, that allows traders to profit from price action without owning the underlying asset. Cfds remain the best assets for traders, developed for short-term trading with leverage. Since traders do not own the instruments, there is no need to sign-up for a cryptocurrency wallet. Brokers earn their revenues via spreads, commissions, or a combination of both. Some offer direct investments into the asset and provide clients with a cryptocurrency wallet.

The difference between a bitcoin broker and an exchange

There are three notable differences between a bitcoin broker and an exchange:

Brokers offer derivatives without ownership, while bitcoin exchanges grant it. Therefore, the former caters to traders and the latter to investors.

Spreads at bitcoin brokers are usually higher.

Brokers have fewer assets, often focusing on the top fifteen or less of the ones with the largest market capitalization. The best bitcoin exchange will provide investors and traders with a broad selection of cryptocurrencies and other digital assets, allow for swift conversion between them, and grant superior liquidity, leading to improved trading costs.

Bitcoin buying fees

Before you can determine the best bitcoin trading platform, make sure you evaluate the associated fees. They vary across brokers and consist of spreads, commissions, or a combination of both if you trade derivatives. Purchasing physical bitcoin faces network costs and commissions, and depending on the payment processor, you may have to pay a percentage of the deposit amount.

Selling short bitcoin

One of the benefits of trading bitcoin cfds is that you can profit from price action in either direction. Short selling bitcoin allows traders to earn from a decline in the price of bitcoin, while they lose if the asset advances. The best bitcoin brokers have no restrictions on trading strategies, granting complete freedom on how traders approach bitcoin.

Bitcoin CFD to hodl

Since a bitcoin CFD does not offer ownership of the physical asset, and daily swap rates on leveraged overnight positions apply, it is not suited to hodl bitcoin. Anyone interested in hodling should do so in a cryptocurrency wallet that can store bitcoin after its purchase. Hodling derived from a typo on social media from the word holding, which caught on with the cryptocurrency crowd and is now part of the terminology.

Blockchain & bitcoin

Many new retail traders often confuse the two or mistake them for the same product. The blockchain technology is not specific to bitcoin, but rather a requirement for all digital assets to function. Bitcoin requires it, but there are many blockchain solutions, which do not require cryptocurrency assets, spanning other sectors. In plain english, a blockchain compares to a hyper-charged database. It can be centralized or decentralized, and various blockchains use different protocols. Bitcoin is a cryptocurrency that functions on the blockchain, where transactions are confirmed, ledgers maintained, and new bitcoins mined.

Cryptocurrency wallets

The primary purpose of a cryptocurrency wallet is to store digital assets. It remains a requirement for anyone interested in owning the physical asset or to hodl bitcoin and other cryptocurrencies. Bitcoin trading via cfds does not require one since there is no ownership. There are many available, with two distinct ones to consider. A hot wallet is stored online, which remains vulnerable to hacking and theft. A cold wallet keeps bitcoin offline, making it more secure. The former ideal if you need to make online transactions, so maintaining a small amount in a hot wallet is acceptable. The latter is the better alternative for hodlers. Several companies developed cold wallets, and you should keep most of your physical, digital assets in secure offline storage. Paper wallets fail to gain popularity and compare to gift cards. A generator will create a unique bitcoin address that you can print and keep in a safe place. They are less convenient than a cold wallet but do not require hardware.

Cryptocurrency exchanges

With the emergence of the cryptocurrency sector, new exchanges appeared. They allow investors to purchase physical assets delivered to their cryptocurrency wallets. All maintain hot wallets but store most digital assets in cold storage to protect them from theft. Many remain unregulated, some dominant ones went out of business after being hacked, and others appear across the world. Over the past decade, some more trustworthy and stable cryptocurrency exchanges started to form the nucleus of today's infrastructure for all digital assets. Over the next decade, more cryptocurrency exchanges may appear to cater to the growing demand, both from the retail and professional sectors.

Investors can often get improved pricing on exchanges, where broker mark-ups do not factor in. They charge a commission per transaction, and network fees apply. While some do try to comply with AML/KYC requirements, others maintain a pure cryptocurrency approach where privacy and anonymity remain superior to government and regulatory mandated rules and regulations. Others offer a hybrid approach, where investors can transact without account verification up to a specific limit. Trading with exchanges that operate in jurisdictions without proper oversight carries additional risks, and investors must weigh them carefully. The entire sector continues to evolve and mature, and more changes moving forward will reshape the current business model, bringing more in-line with well-established equity exchanges.

ICO & token

An initial coin offering (ICO) refers to the public sale of a coin on an exchange. It allows investors to take part in a new project based on expectations that it will yield disruptive results. Some compare it to an initial public offering (IPO) of a private company that lists its shares in a public market to raise capital. Most legal experts, correctly, disagree with that comparison. While some similarities may exist, an ICO resembles crowdfunding for a project using blockchain technology. After bitcoin kick-started the cryptocurrency sector, over 7,000 assets followed suit, creating an entire ecosystem around it. Early enthusiasts account for a significant part of the initial financing, but institutional capital plays a growing role in it. Investors in an ICO treat the asset as a store of value and generally do not intent to sell for a quick profit.

A token is the opposite and intended for transactions. It is programmable for a specific purpose and can be multi-functional if needed. They usually remain stored on a different blockchain, with ethereum the dominant one. Many dominant projects use the ERC-20 token on the ethereum blockchain, and some migrate to their blockchain following an ICO. There are many token sales as new projects come online and crowd-sale their vision directly to potential future users. Therefore, the cryptocurrency and digital asset sectors are well-positioned to expand to all sectors of life.

Cryptocurrency risks

While the cryptocurrency sector is exciting and offers excellent opportunities for investors and traders alike, they do not come without risks. Regrettably, the industry especially in relation to little-known coins is quite rife with scams and fraud, as criminals seek to profit from the increasing popularity, especially among new retail traders who often follow the social media hype without conducting due diligence. The risk of hacking of cryptocurrency exchanges and loss of assets persists, and while frequency decreased, the threat endures. Safe storage and security of private keys remain additional risks and challenges. This is one reason many forex and CFD brokers do not offer physical transactions of assets while relying on derivative contracts. High volatility also adds a significant trading risk.

Methodology (how we test/choose)

We reviewed over 100 bitcoin brokers based on eleven criteria. Each research consists of over 2,000 words and lasted more than ten hours. Over 100 brokers were reviewed in-depth and from a trader's perspective, ignoring the marketing tactics deployed by some to confuse retail traders. Therefore, we sourced the list of our best bitcoin brokers from more than 200,000 words of dedicated research compiled over 1,000 hours, ensuring the most comprehensive approach to identify the best bitcoin brokers.

The eleven criteria used in our research are:

Regulation and security

Trading costs

Asset selection

Account types

Trading platforms

Unique features

Research and education

Customer support

Bonuses and promotions

Account opening process

Deposits & withdrawals

What is the safest bitcoin exchange?

It depends on your geographic location and trading preferences. There is no single bitcoin exchange or broker that is necessarily “safest” for all.

Can you buy bitcoin in a brokerage account?

Yes, a growing number of brokers offer bitcoin, but usually as a derivative contract. Some also support bitcoin auto trading as an option.

What is a bitcoin broker?

A bitcoin broker allows investors and traders to transact in bitcoin and underlying derivative contracts. There are bitcoin brokers who developed a dedicated bitcoin trading app to support trading it.

Do I need a broker to buy bitcoin?

No, you can do so on an exchange or peer-to-peer off-exchange.

Who is the best bitcoin broker?

The best forex broker to trade bitcoin depends, once again, on your needs and preferences. All five that made our best bitcoin brokers list are competitive choices worth considering.

How much is the bitcoin fee?

The fees vary across brokers and exchanges but can include spreads, commission, and a network fee if you purchase the physical asset. Deposit and currency conversion costs may also apply.

How are bitcoin fees calculated?

It is a complicated practice of trial and error, but cryptocurrency wallets do the math for you. Miners need to verify each transaction, and they seek the highest reward. Each block has a limited size, and for the inclusion of yours into the next block, you must pay a fee. Usually, the calculation is in satoshi per byte. For example, if your transaction is 10,000 bytes and the current cost on the bitcoin blockchain is 12 satoshi per byte, you will have to pay 120,000 satoshi. As the bitcoin trading price increases, so do the fees in fiat currency value.

Why are bitcoin fees so high?

There is plenty of competition, a growing number of transactions, which significantly outstrip the supply of miners. Scaling has become a distinct issue with cryptocurrencies.

How do I know if a bitcoin broker is regulated?

Each broker provides its regulatory information at the bottom of the homepage. You can then check it against the database of the regulator and verify.

Fxdailyreport.Com

Bitcoin is a digital currency and is being traded in the financial markets around the world ever since it was introduced in 2011. Over the years, the first cryptocurrency in the world has become immensely popular and this, in turn, has sparked immense price volatility. Within three years of the digital currencies inception, the price of a single bitcoin zoomed to around 1,200 USD. Currently, the bitcoin is traded at more than 3,500 USD.

Forex brokers acknowledged the cryptocurrency as a valid currency and started accepting payments in bitcoins in 2013. They have also made it possible for traders to execute trades in bitcoins. This digital currency is often traded against fiat currencies such as the USD and euro. As the concept is relatively new, there is only a limited number of best regulated bitcoin forex brokers as of now. However, this has made it easier for some traders who do not want to disclose their card or bank details to the forex brokers to fund their accounts through bitcoins.

Regulated FX brokers that accept bitcoin for deposits/WD

min deposit	spread	leverage	regulation	open account
0	non-spread, fee 0.1% per trade	non-leverage	-	visit broker
$1	from 0 pips	2000:1	FCA UK, cysec, FSP, bafin, CRFIN	visit broker
$300	floating, from 0 pips	500:1	FCA UK reference number 579202	visit broker
$1	fixed spread from 3 pips	up to 1:1000	CBR, cysec and FFMS	visit broker
$250	as low as 0.1 pips	up to 400:1	ASIC australia and FCA UK	visit broker

Top regulated forex brokers that offer bitcoin (BTC/USD) trading

info	bonus	open account
min deposit: $5 spread: from 0.2 pips leverage: 500:1 regulation: FSA (saint vincent and the grenadines), cysec	50% deposit bonus, real contest 1st prize luxury car BMW X5 M, copy trading, trade&win.	Visit broker
min deposit: $1 spread: from 0 pips leverage: 3000:1 regulation: cysec, IFSC	$100 no-deposit bonus, 100% deposit bonus	visit broker
min deposit: 0 spread: non-spread, fee 0.1% per trade leverage: non-leverage regulation: -	visit broker
min deposit: $1 spread: from 0 pips leverage: 2000:1 regulation: FCA UK, cysec, FSP, bafin, CRFIN	35% of the account deposit	visit broker
min deposit: $100 spread: starting 0 pips leverage: up to 400:1 regulation: FCA UK, NFA, CFTC, ASIC, IIROC, FSA, CIMA	visit broker
min deposit: $300 spread: floating, from 0 pips leverage: 500:1 regulation: FCA UK reference number 579202	visit broker
min deposit: $200 spread: starting 0 pips leverage: 500:1 regulation: ASIC australia, FCA UK	visit broker
min deposit: no minimum deposit spread: 1.2 pips leverage: 50:1 regulation: CFTC, NFA, FCA, MAS, ASIC, IIROC	visit broker
min deposit: $10 spread: leverage: regulation: cysec	-	visit broker
min deposit: $200 spread: from 3 pips leverage: 400:1 regulation: NFA, FCA, cysec	visit broker
min deposit: $100 spread: starting 0 pips leverage: up to 500:1 regulation: FCA UK, ASIC australia, MAS singapore	visit broker
min deposit: $1 spread: fixed spread from 3 pips leverage: up to 1:1000 regulation: CBR, cysec and FFMS	30% forex deposit bonus	visit broker
min deposit: $250 spread: as low as 0.1 pips leverage: up to 400:1 regulation: ASIC australia and FCA UK	visit broker

The Best and Trusted Bitcoin Forex Brokers (Fully Regulated)

The production of bitcoin is limited to 21 million. It is expected that this will be achieved by 2040. As the price of the bitcoin fluctuates all the time, traders have to do both fundamental and technical analysis in order to decide as to when they can buy or sell the world’s first decentralized currency. Though there are a number of online exchanges where traders can buy bitcoins in exchange for USD, euro, or other currencies, bitcoins are often traded through the online platforms of a few reliable forex brokers.

Among forex brokers, the penetration level of bitcoin is the lowest when compared with the other online payment options. However, bitcoin offers the highest level of security and an opportunity for making payments without disclosing identity. This is unique compared to any of the other existing payment options. Most e-wallets require traders to verify their identity by means of bank transfers, credit cards, or other documents. On the other hand, bitcoin account holders can access their accounts without the need to go through any identification procedure.

As forex brokers ask for a number of identification documents from the trader when opening an account on their platform, the process involved in creating a new bitcoin account for funding the trader’s account is a complicated and tedious. Therefore, the anonymity associated with bitcoin seldom works when it comes to trading currencies. This is to say that it works only if the trader wants to trade currencies without making withdrawals. Regulators also want brokers to obtain a lot of information from their clients prior to allowing them to trade currencies. As such, it is sensible to choose an online forex broker that accepts bitcoins only if the trader has bitcoins in his/her account and want to fund his/her trading account through bitcoins.

Having said this, here are some of the best regulated bitcoin forex brokers you can consider working with:

Best bitcoin brokers

Best broker for social traders and crypto traders : 75% of retail CFD accounts lose money

Wide range of cfds + trailing stop losses

Cysec, FCA, ASIC, FMA, FSB, MAS

Wide range of cfds + trailing stop losses

Highly regulated, choice of fixed or floating spreads

Mifid, central bank of ireland, FSA, ASIC, BVI, FFAJ, FSCA, ADMG - FRSA

Highly regulated, choice of fixed or floating spreads

Great ECN execution on MT4 platform

Excellent educational offerings

1:500 (ASIC entitiy only), 1:30 cysec retail, 1:300 cysec pro

Excellent educational offerings

Bitcoin industry overview

Bitcoin trading regulation

What to look for in a bitcoin broker?

Here are some attributes each bitcoin broker must excel at:

Regulation:always make sure that you trade with a regulated broker. It does not provide a 100% guarantee that you will not experience well-hidden malpractice, but it does go a long way to ensure you remain protected against outright fraud and theft. Traders must avoid trading with an unregulated broker, irrelevant of how attractive an offer may be.

Reputation: regulation is not all that traders should rely on, as reputation is equally important. A bitcoin broker that enjoys the trust of a growing number of traders and has been operational for over a decade points to a secure trading environment.

Price: while the price of bitcoin may appear the same across all exchanges, you must look at the difference between the bid and the ask price, known as thespread. It is how brokers earn their revenues, and there can be vast differences in the mark-up, which will directly impact your profitability. Select a broker with tight spreads so you can earn more from each trade. Market makers with commission-free trading usually cover the difference with a notably higher mark-up.

Payment charges: most brokers waive deposit fees, but some apply internal withdrawal charges. Also, check the costs of your payment processor, as most payment options carry costs. Depending on your preference and circumstances, you may want to make sure your broker supports your payment processor. You may also face currency conversion charges if you transact in a currency that differs from your account base currency.

Customer support: you never know when something unexpected occurs, and trading with a bitcoin broker that offers swift access to customer support can assist. Since cryptocurrency trading takes place 24/7, look for a broker with 24/7 customer support. Otherwise, it will be less beneficial than you may need it to be.

Design & ease of use: the best bitcoin trading platforms will feature a user-friendly interface, allowing traders to manage their portfolios with ease. The MT4 and MT5 trading platforms require upgrades, available at a cost, to achieve improved usability for trading bitcoin. Some brokers offer them free of charge, while others have developed a proprietary trading platform. Do not be afraid to test them all as demo accounts to see the differences and find the one that suits you the most.

Variety of coins:all brokers offering cryptocurrency cfds will provide access to the top four assets by market value. It is adequate for new retail traders to get started, but if you require broader access, the choice of brokers will narrow significantly.

Leverage: trading cfds without leverage defeats the purpose of a derivative contract, but always use leverage together with goodrisk management. It remains the most beneficial trading tool and also the most misunderstood and misused one. Since cryptocurrencies remain highly volatile, the maximum is often much lower than on other assets. Trading with a bitcoin broker granting maximum leverage of at least 1:5 will offer enough of a competitive edge.

Demo account: A demo account is usually available at all brokers. Use it to test the trading platform, or if you have an automated trading solution, run it in a demo version first. Many brokers create more favorable conditions in a demo account to attract deposits from new traders. Many believe a demo account is ideal for learning how to trade, more effectively conducted in a live trading environment with a small initial deposit.

Initial deposit:the smaller the initial deposit, the greater the flexibility of your financial management. Most brokers lowered their minimum to $100, some have it as low as $1, and others waive it altogether. Also, check about follow-on deposits, as most brokers require a more significant initial one and lower it after that.

Pros & cons of trading bitcoin with a broker

There are pros and cons of trading bitcoin with a broker rather than at an official exchange. It often depends on your preferences.

The pros of trading bitcoin with a broker

Cfds do not require a cryptocurrency wallet

Regulatory restrictions do not apply

More leverage on assets

Broader range of payment options

24/7 customer service

Trading tools, research, and education

Ease of use from customizable trading platforms

The cons of trading bitcoin with a broker

Higher costs due to mark-up in spreads

Not suited for long-term investors and hodlers

Fewer assets

How do bitcoin brokerages work?

The difference between a bitcoin broker and an exchange

There are three notable differences between a bitcoin broker and an exchange:

Brokers offer derivatives without ownership, while bitcoin exchanges grant it. Therefore, the former caters to traders and the latter to investors.

Spreads at bitcoin brokers are usually higher.

Brokers have fewer assets, often focusing on the top fifteen or less of the ones with the largest market capitalization. The best bitcoin exchange will provide investors and traders with a broad selection of cryptocurrencies and other digital assets, allow for swift conversion between them, and grant superior liquidity, leading to improved trading costs.

Bitcoin buying fees

Selling short bitcoin

Bitcoin CFD to hodl

Blockchain & bitcoin

Cryptocurrency wallets

Cryptocurrency exchanges

ICO & token

Cryptocurrency risks

Methodology (how we test/choose)

The eleven criteria used in our research are:

Regulation and security

Trading costs

Asset selection

Account types

Trading platforms

Unique features

Research and education

Customer support

Bonuses and promotions

Account opening process

Deposits & withdrawals

What is the safest bitcoin exchange?

It depends on your geographic location and trading preferences. There is no single bitcoin exchange or broker that is necessarily “safest” for all.

Can you buy bitcoin in a brokerage account?

Yes, a growing number of brokers offer bitcoin, but usually as a derivative contract. Some also support bitcoin auto trading as an option.

What is a bitcoin broker?

Do I need a broker to buy bitcoin?

No, you can do so on an exchange or peer-to-peer off-exchange.

Who is the best bitcoin broker?

The best forex broker to trade bitcoin depends, once again, on your needs and preferences. All five that made our best bitcoin brokers list are competitive choices worth considering.

How much is the bitcoin fee?

The fees vary across brokers and exchanges but can include spreads, commission, and a network fee if you purchase the physical asset. Deposit and currency conversion costs may also apply.

How are bitcoin fees calculated?

Why are bitcoin fees so high?

There is plenty of competition, a growing number of transactions, which significantly outstrip the supply of miners. Scaling has become a distinct issue with cryptocurrencies.

How do I know if a bitcoin broker is regulated?

Each broker provides its regulatory information at the bottom of the homepage. You can then check it against the database of the regulator and verify.

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