HomeCompare TradingCompare Bitcoin (BTC/USD) Forex Brokers

Compare Bitcoin Forex Brokers

Compare Bitcoin Forex Brokers

Bitcoin Forex Brokers

Bitcoin is the first decentralized peer-to-peer payment network.  No bank carries Bitcoins and there is no central authority or centralized exchange for Bitcoin.

Why Bitcoin?

Nowadays, the general interest in cryptocurrencies is peaking, and that is especially true as concerns Bitcoin (BTC) and Etherium (ETH). Bitcoin is a very volatile digital currency, much more volatile than the most volatile exotic currency pair. The bitcoin price often makes extreme swings of more than 50% in just a few days. That explains why brokers provide not more than 25:1 trading leverage when trading Bitcoin. Forex/CFD brokers support Bitcoin as a currency for deposits/withdrawals but also as a trading currency. Mainly, they offer Bitcoin against USD (BTC/USD).

More about Bitcoin at the official website: https://bitcoin.org/

 

What is the Difference between Bitcoin and other Cryptocurrencies?

There are more than 1,000 cryptocurrencies and each one of them offers different features such as anonymity, platforms, digital applications, etc. Found in 2008, Bitcoin is the first digital currency and that means it has gained enormous popularity and availability over the years. Many merchants, real and online shops around the world accept Bitcoins as a payment method. There are even many ATMs exchanging bitcoins to cash.

Trading Bitcoins

Bitcoin trading refers to the process of buying or selling Bitcoins in order to speculate on future price movements. Demand and supply move Bitcoin markets and Bitcoin trading is based on the major aspects of technical and fundamental analysis. Bitcoin traders can use Bitcoin exchanges to build their positions but also they can trade Bitcoin via Forex/CFD brokers. As Bitcoins trade on multiple exchanges, the rates may vary significantly. Traders must ensure they understand which Bitcoin exchange is used by their Forex broker.

Risks of Trading Bitcoin

(1) Bitcoin price has shown extremely-high volatility over the years. Therefore, trading using high trading leverage is very risky, especially as concerns beginners.

(2) Bitcoin is offered in very wide spreads. The spread diminishes the profit potential of every trade. In the following table, you may compare the trading spreads of all Forex brokers

(3) Trading Bitcoin via Forex/CFD brokers is the subject of overnight rates. In the following table, you may compare the overnight rates of all Forex brokers

 

Compare Bitcoin Forex/CFD Brokers

This is a basic comparison of all the above Bitcoin Forex Brokers.

FOREX BROKER

MIN. ACCOUNT

MIN. TRADING SPREAD

OVERNIGHT RATES

MAX. LEVERAGE

PROMOTION

LINKS

► IC MARKETS

  • Regulation: ASIC Australia
  • Licence Number: 335692

200 USD

BTCUSD

  • 1,000 TICKS Fixed Spread
  • 10.00 USD per 1 lot
  • LONG -$50
  • SHORT -$89.9

Per Standard lot

1:20

  • No Bonus Promotions

► IC Markets

► FBS (Russia)

  • Regulation: IFSC Belize
  • Licence Number: 60/230/TS/12

10 USD

BTCUSD

  • 1,000 points spread

 

  • LONG -$10
  • SHORT -$10

1:3

  • 123 USD Free Bonus
  • 100% Credit Bonus

The FBS

► HYCM

  • Regulation: FCA UK
  • Licence Number: 186171

100 USD

BTCUSD

  • 20.00 USD over market

 

  • LONG -20.00%
  • SHORT -20.00%

At current BTC price -$5.60

1:10

  • 25% Cash Bonus
  • Max 5,000 USD

 The HYCM

► AvaTrade

  • Regulation: ASIC Australia
  • License Number: 406684

100 USD

BTCUSD

  • 25.00 USD over market
  • LONG -0.0694%
  • SHORT -0.0694%

20:1

  • 30% Cash Bonus
  • Max 15,000 USD

 AvaTrade

► eToro

  • Regulation: CySEC Cyprus
  • License Number: 10910

100 USD

BTCUSD

  • 29.00 USD over market (0.70%)
  • LONG -$0.116
  • SHORT -$0.116
  • No leverage
  • No Shorting
  • 25% Cash Bonus
  • Max 1,000 USD

 eToro

► InstaForex (Russia)

  • Regulation: NOT REGULATED
  • License Number: (N/A)

10 USD

BTCUSD

  • 25.00 USD over market
  • LONG -0.125%
  • SHORT -0.25%

1:25

  • 50% Credit Bonus

InstaForex

 

Table Explanation:

  • MIN DEPOSIT:

Refers to the minimum amount of money required to open a new account with the broker

  • BTC/USD MINIMUM SPREAD:

The spread is the difference in points between the best buying and the best-selling price. The table refers to the minimum spread. Note that the higher the spread the higher the trading cost.

  • BTC/USD OVERNIGHT RATE (LONG/SHORT):

It refers to the cost of maintaining your Bitcoin position overnight. Bitcoin overnight rates are always negative as Bitcoin and other digital currencies offer no interest rate. Note that the higher the overnight rate (when negative) the higher the trading cost.

  • MAX LEVERAGE (BTC):

It refers to how many times a trader can leverage its Bitcoin positions. If the trading leverage is 10:1 means that by depositing $100 a trader can buy bitcoins worth $1,000. Note that using high leverage is very risky and it is better to avoid it.

  • WELCOME BONUS:

Refers to the welcome bonus policy of the Forex broker when opening a new account. There are three types of bonuses:

No-Deposit (Free) Bonus: Some Forex brokers offer this type of promotional bonus without the requiring an initial deposit. You can withdraw a No-Deposit Bonus after traded it several times.

Cash Bonus: You can trade with a cash bonus as capital and even withdraw it after traded it several times.

Credit Bonus: You can trade with a credit bonus only as margin and you can’t withdraw it

As a general conclusion, a No-Deposit Bonus and a Cash Bonus are good deals while a Credit Bonus is a bad deal.

 

Compare Online Signal ProvidersCompare Forex Expert Advisors -Forex RobotsCompare Online Forex Brokers

 

Bitcoin Forex Brokers

CurrenciesFx.com

Currency Trading for Beginners

Currency Trading can only be Profitable if you Choose the right Forex Broker, the right Strategy, and join the right Trading Rebate Plan.

Dukascopy Rebate

Start Trading Forex by taking advantage of the Dukascopy Rebate Plan » Info about the Dukascopy Forex Trading Rebate

Compare Trading Signals

Compare popular Forex Signal Providers at Currencies Fx..

Compare Expert Advisors

Compare popular Expert Advisors (Forex Robots) at Currencies Fx..

Popular Expert Advisors

Claim FX Promotions

Forex brokers are offering high trading promotions (bonus or rebates). By using Currencies FX as your Introducing Broker you may achieve high rebates from some of the best Forex Brokers (Alpari UK, Dukascopy Bank, etc). Don't hesitate to contact with us and learn more.. 

Forex Accounts Deals

We partner with some of the best Forex Companies in the world and we may suggest various Forex Brokers according to your special trading needs (i.e. low spreads, exotic pairs, no delays, expert-advisors, scalping, MT5 trading etc). Contact us today and enjoy our free service..

Enjoy Trading Privileges

All traders who are using our Introducing Brokerage Service are enjoying trading privileges like market news and signals concerning Forex Trading. Contact us today and learn more about our free IB program, it is free as we never get paid by traders.. » Contact us