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Best Bitcoin Forex Brokers

The cryptocurrency industry has grown exponentially in less than a decade since the mining of the first Bitcoin in 2009. It is the mother of all cryptocurrencies and the brainchild of an individual or group going by the pseudonym Satoshi Nakamoto. Today, there are over one thousand cryptocurrencies, many of which are being offered by Bitcoin Forex brokers, and a new one joins the market every day. Bitcoin, however, remains on top of all of them.

Bitcoin has become a vital currency in the world today. Different businesses, including Forex brokers, accept it and many prefer it to cash because of the inability to trace the transaction to the actual person. The most significant reason for the increased interest in it, however, is the desire to make money by trading it. The typical place to market these cryptocurrencies is on the crypto exchange platform. Bitcoin Forex brokers have also begun entering the industry. To get an idea about some of the top Bitcoin Forex brokers, check out the table below.

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FxGlory
Available in
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  • 24/7 instant money withdrawal
  • Specialized trading accounts
Pros
  • High Leverage Options

  • Low Initial Deposit Requirements

Cons
  • Lack of Proper Regulation

  • Withdrawal Issues

  • Poor Customer Support

  • Withdraw fee$0
  • Deposit fee$0
  • Max Leverage1:3000
Forex.com
Available in
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  • Specialized trading accounts
  • 24/7 instant money withdrawal
Pros
  • Top-Tier Regulation

  • Low Forex Fees

  • No Withdrawal Fees

Cons
  • High Stock CFD Fees

  • Limited Product Portfolio

  • User Interface Could Be More Intuitive

  • Withdraw fee$0
  • Deposit fee$0
  • Max Leverage1:50
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73%-77% of retail investor accounts lose money when trading CFDs with this provider.
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OANDA
trusted
Available in
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OANDA
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  • Exceptional Execution
  • US Clients
  • Scalping
Pros
  • OANDA is among the few international online forex brokers that accept U.S. clients.

  • The broker’s trading platforms are unique with features of various valuable tools and resources, including the famous Dow Jones Forex Select news and trading calculators.

  • OANDA does not require a fixed initial deposit on the standard account.

Cons
  • OANDA’s financial offerings have some irregularities that may only suit some traders

  • -Trading on OANDA may incur several fees, including a monthly inactivity fee

  • Withdraw feeN/A
  • Deposit feeN/A
  • Max Leverage1:50
Fullerton Markets
Available in
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  • Specialized trading accounts
  • 24/7 instant money withdrawal
Pros
  • Competitive spreads start from 0.1 pips on major currency pairs.

  • Leverage up to 1:500 for the Standard account.

  • Multiple payment methods, including bank wire transfers, credit/debit cards, and online payment systems such as Skrill and Neteller.

Cons
  • Restricted to residents of certain countries, including the United States, Canada, and others.

  • No Regulation by a tier-1 financial service regulator.

  • Scalping is restricted, which may not suit traders who employ this strategy

  • Withdraw feeN/A
  • Deposit feeN/A
  • Max Leverage1:500
ModMount
Available in
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  • Affiliate Program
  • WebTrader platform
  • Specialized trading accounts
  • 24/7 Customer Support
Pros
  • The broker provides a personalized Web Trading Platform, enhancing the user experience and catering to individual trading preferences.

  • Traders benefit from daily trading signals, helping them stay informed about market trends and potential trading opportunities.

  • Negative Balance Protection ensures that traders do not lose more than their initial investment, safeguarding against excessive losses.

Cons
  • The broker provides limited educational and research tools, which may hinder traders’ ability to expand their knowledge and make informed trading decisions.

  • ModMount does not offer MT4, MT5, or algorithmic trading options, limiting the choices available to traders who prefer these platforms.

  • Traders may incur a inactivity fee if their account remains dormant for an extended period, potentially impacting their account balance.

  • Withdraw fee$0
  • Deposit fee$0
  • Max Leverage1:400
FXNovus
Available in
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  • 24/7 Customer Support
  • Variety of Trading Instruments
  • Affiliate Program
  • Specialized trading accounts
Pros
  • Regulated by the Financial Sector Conduct Authority (FSCA) in South Africa, ensuring compliance with industry standards.

  • Offers multiple channels for contacting support, enhancing accessibility and responsiveness.

  • Provides round-the-clock customer support, accommodating traders across different time zones.

Cons
  • There is an absence of MT4 or MT5 platforms, which need to include features and functionalities preferred by many traders.

  • Offers a less extensive list of tradable assets than some competitors, limiting investment opportunities.

  • Withdrawal times can be lengthy, potentially causing inconvenience for traders requiring prompt access to funds.

  • Withdraw fee$0
  • Deposit fee$0
  • Max Leverage400
Trading.com
Available in
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  • Variety of Trading Instruments
  • WebTrader Platform
  • Simple Registration
Pros
  • Trading.com stands out for its competitive spreads, allowing traders to access markets at favorable pricing.

  • The platform offers user-friendly trading platforms, notably the MetaTrader 5 terminal, facilitating a smooth trading experience.

  • Traders can access a decent array of tradable instruments, including Forex, stocks, commodities, indices, metals, and energies.

Cons
  • Trading.com’s trading platform options are limited, offering only the MetaTrader 5 (MT5) platform for traders.

  • The platform’s educational resources are relatively limited, potentially leaving traders seeking more comprehensive learning materials.

  • Trading.com is exclusively available to clients within the United Kingdom, limiting its accessibility to a global audience.

  • Withdraw fee$0
  • Deposit fee$0
  • Max Leverage1:30
Markets.com
Available in
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  • Specialized trading accounts
Pros
  • Thorough Regulation and License: markets.com is licensed and regulated by 5 reputable watchdogs. This further strengthens the broker’s credibility as a financial service provider.

  • Markets.com is not your regular broker, with its blend and IPO offerings. These additional offerings put the broker in a league of its own.

  • Sleek Proprietary Trading Platform: Besides its MT4 and MT5 trading platforms, the broker has its own customized trading platforms, which excel in every regard as the more popular trading platforms.

Cons
  • Inactivity Charges: Traders must pay a fee of $10 per month after 90 days of no trading inactivity on markets.com.

  • No Customer Support Service on Weekends: Since trading is 24/7, it’s only ideal that the customer support service is also available 24/7 so clients can resolve their complaints quickly.

  • Withdraw feeN/A
  • Deposit feeN/A
  • Max LeverageN/A
AMP Global
Available in
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  • Wide variety of trading instruments
Pros
  • AMP Global offers diverse tradable instruments, including forex, exchange-traded futures, metals, energies, indices, stocks, and crypto CFDs. This allows traders to diversify their portfolios and exploit various market opportunities.

  • Including the Investor Compensation Fund is a notable advantage for clients trading under the CySEC-regulated entity. This fund offers insurance per client up to 20,000 EUR, providing additional protection for client funds.

  • AMP Global offers various account funding methods, including bank wire transfers, credit/debit cards, and e-wallet services. This provides flexibility and convenience for clients when depositing and withdrawing funds.

Cons
  • The registration requirements to open a new AMP Global live account may be considered complex, involving multiple steps and providing various declarations. This might be a drawback for traders seeking a more straightforward account opening process.

  • Traders do not have the liberty to pick which trading platform they wish to use since AMP GLOBAL only offers the MT5 trading platform. This means there is no proprietary platform, the MT4 or the cTrader platforms.

  • AMP GLOBAL forex brokerage offers only one account type for all its clients. This effectively means users have no choice of picking account types that suit their trading needs.

  • Withdraw fee$0
  • Deposit fee$0
  • Max Leverage1:500
Interactive Brokers
Available in
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  • 24/7 instant money withdrawal
Pros
  • Unparalleled Market Access 

  • Competitive Pricing 

  • Advanced Trading Tools

Cons
  • Steep Learning Curve

  • Customer Service Could Be Better

  • Withdraw feeN/A
  • Deposit feeN/A
  • Max LeverageN/A