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Best Bitcoin Forex Brokers

in United States

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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  • 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
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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
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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
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  • Wide range of payment options
Pros
  • Colmex Pro provides traders with competitive leverage up to 1:30 for forex instruments and up to 1:20 for professional clients trading stocks.

  • The Broker is regulated by the Cyprus Securities and Exchange Commission (CySEC), which ensures that the company follows strict financial and ethical guidelines.

  • Traders can fund their accounts using various methods such as credit/debit cards, bank transfers, and online payment methods like PayPal. Withdrawals can also be made via Visa, MasterCard, or PayPal.

Cons
  • Colmex Pro lacks educational resources such as webinars, trading guides, and other materials to help traders improve their skills.

  • Customer support is only available during weekdays and not 24/7, which could be inconvenient for traders in different time zones.

  • While the first transaction of the month under or equal to $500 is free, any following withdrawals are charged a fee of $40 (or €30 for Euro accounts), which may be high compared to other brokerage firms.

  • Withdraw fee$25
  • Deposit fee$0
  • Max Leverage1:400
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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
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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
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  • Free VPS hosting
  • Specialized trading accounts
  • 24/7 instant money withdrawal
Pros
  • Highly Regulated and Trustworthy

  • Competitive Spreads on Major Pairs

  • Fast Execution Speeds

Cons
  • Limited Asset Classes

  • Withdrawal Fees for Wire Transfers

  • Educational Resources Not Fully Developed

  • Withdraw feeN/A
  • Deposit feeN/A
  • Max LeverageN/A
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  • Variety of Trading Instruments
  • Advanced Trading Tools
  • Retirement Planning
  • Investment Research
Pros
  • Wide Range of Assets: TD Ameritrade offers a wide range of financial products, including stocks, options, mutual funds, ETFs, bonds, futures, and forex, allowing investors to diversify their portfolios.

  • User-Friendly Platforms: TD Ameritrade offers user-friendly platforms, such as thinkorswim and the TD Ameritrade website, which are easy to navigate and provide various tools for investors.

  • Research and Education: TD Ameritrade provides investors with various research and education resources, including webinars, articles, and market analysis tools.

Cons
  • High Fees: TD Ameritrade’s commission rates can be high compared to other online brokers, especially for options trading.

  • Limited Availability: TD Ameritrade is only available in a few countries, which may limit its accessibility for some investors.

  • Inactivity Fees: TD Ameritrade charges inactivity fees if an account has been inactive for a certain period, which can be frustrating for some investors.

  • Withdraw fee$0
  • Deposit fee$0
  • Max Leverage1:4
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  • Specialized trading accounts
  • PayPay for deposit
Pros
  • High leverage options (up to 1:1000) for experienced traders.

  • Multiple account types to suit different trading needs.

  • User-friendly platforms, including mobile trading.

Cons
  • Limited information on regulatory licensing and oversight.

  • Located in St. Lucia, a jurisdiction that may raise regulatory concerns.

  • Lack of detailed information on fees or additional charges.

  • Withdraw fee$0
  • Deposit fee$0
  • Max Leverage1:1000