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Best Bitcoin Forex Brokers

Bitcoin has become synonymous with cryptocurrencies and is being used by many traders around the world to make payments. Therefore, many traders expect brokers to accept payments in Bitcoin. We created a list of the best Bitcoin forex brokers here. The following are our top 10 picks.

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UnitedPips
Available in
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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.

  • Withdrawal fee$0
  • Deposit fee$0
  • Max Leverage1:1000
Exness
trusted
Not available in
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2
Exness
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  • Specialized trading accounts
  • 24/7 instant money withdrawal
  • Free VPS hosting
Pros
  • Competitive Trading Conditions

  • Wide Range of Tradable Instruments

  • Advanced Trading Platforms

Cons
  • Limited Regulatory Oversight for Some Entities

  • Limited Educational Resources for Beginners

  • Mixed User Reviews

  • Withdrawal fee$0
  • Deposit fee$0
  • Max Leverage1:2000
Alpari
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Not available in
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3
Alpari
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  • Specialized trading accounts
  • Free VPS hosting
  • 24/7 instant money withdrawal
Pros
  • Competitive Spreads

  • Comprehensive Educational Resources

  • Robust Customer Support

Cons
  • Limited Deposit and Withdrawal Options

  • Occasional Platform Glitches

  • Limited Regulatory Oversight in Certain Regions

  • Withdrawal fee$0
  • Deposit fee$0
  • Max Leverage1:1000
IC Markets
trusted
Not available in
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  • Specialized trading accounts
  • Tight Spreads
  • Low commissions
Pros
  • Provides trading aids and resources such as risk depth, spread monitoring, and risk calculator.

  • Offers low average spreads and competitive pricing for all account types.

  • Provides plugins for third-party research and trading tools.

Cons
  • Limited product offerings.

  • No investor protection for traders outside the European Union.

  • No weekend trading, extra bonuses or promos.

  • Withdrawal fee$0
  • Deposit fee$0
  • Max Leverage1:500
NordFX
trusted
Not available in
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5
NordFX
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  • Free VPS hosting
  • Specialized trading accounts
  • 24/7 instant money withdrawal
Pros
  • Regulated by multiple authorities

  • Offers a wide range of assets, including cryptocurrencies, stocks, indexes, metals and oil

  • Multiple trading platforms are available, including MetaTrader 4, MetaTrader 5 and MetaTrader 5 web

Cons
  • Limited educational resources for beginners

  • Limited research tools

  • Limited customer support options compared to some other brokers

  • Withdrawal fee$0
  • Deposit fee$0
  • Max Leverage1:1000
Neomarkets
trusted
Not available in
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  • 24/7 instant money withdrawal
  • Affiliate Program
Pros
  • NeoMarkets is praised for its user-friendly approach, making it accessible and straightforward for novice and experienced traders to navigate the platform.

  • NeoMarkets allows trading cryptocurrencies through CFDs at competitive costs, providing traders with exposure to this popular asset class.

  • NeoMarkets is regulated by the Financial Services Commission (FSC) in Mauritius, adding an element of oversight and security for its clients.

Cons
  • NeoMarkets has a limited selection of deposit and withdrawal methods, potentially inconveniencing clients who prefer a broader range of options.

  • To access the demo account, users must first complete the registration process, which might deter those who prefer exploring the platform before committing.

  • NeoMarkets’ website lacks readily available information about its various account types, potentially making it challenging for traders to select the most suitable option.

  • Withdrawal fee$0 (conditions apply)
  • Deposit fee$0
  • Max Leverage1:500
LiteFinance
Not available in
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  • Specialized trading accounts
  • Free VPS hosting
  • 24/7 instant money withdrawal
Pros
  • 24-hour support

  • Supports MetaTrader 4 and MetaTrader 5 and their mobile and web versions

  • Variety of deposit/withdrawal methods

Cons
  • VPS is not free of charge

  • A limited selection of tradable instruments

  • Unavailable to US retail clients

  • Withdrawal feeN/A
  • Deposit feeN/A
  • Max LeverageN/A
AMarkets
Not available in
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  • Specialized trading accounts
  • Free VPS hosting
Pros
  • High Leverage Options

  • Wide Range of Tradable Assets

  • Many Accounts to Choose From

Cons
  • Offshore Regulation

  • Limited Availability in Some Countries

  • Mixed User Reviews

  • Withdrawal fee$0
  • Deposit feeDepends on region & payment method
  • Max Leverage1:3000
MultiBank Group
Not available in
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  • Free VPS hosting
  • Specialized trading accounts
  • 24/7 instant money withdrawal
Pros
  • Highly Regulated and Trustworthy

  • Excellent Asset Selection

  • Multiple Account Types

Cons
  • High Minimum Deposit for Best Conditions

  • Limited Educational Resources

  • Occasional Customer Support Delays

  • Withdrawal feeN/A
  • Deposit feeN/A
  • Max LeverageN/A
Strifor
Not available in
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10
Strifor
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  • Specialized trading accounts
  • Bonus Offer
  • Loyalty Program
Pros
  • One notable advantage is the availability of an Islamic account, which adheres to Sharia law and allows for interest-free trading.

  • The broker provides multiple account types, including Basic, Advanced, Professional, and Islamic, each catering to different levels of experience and financial capabilities.

  • Customer support at Strifor is accessible through several channels, including phone, email, Telegram, and WhatsApp, ensuring that help is available when needed.

Cons
  • One significant risk is the potential non-return of funds in crypto payments, which may concern traders who favor digital currencies for transactions.

  • The broker offers a singular trading platform, limiting choices for users who might prefer alternatives.

  • The broker’s services are not available to residents of the United States, restricting access for a significant portion of potential clients.

  • Withdrawal fee1%
  • Deposit fee$0
  • Max Leverage1:500

Besides the options for withdrawing and depositing funds with BTC, there are also other factors you should consider when looking for a broker. These factors include customer service, regulation, tradable assets, leverage, spreads, and trading platforms. 

Customer Service

Good customer service can save you from a lot of frustration and provide quick answers to your queries. When gauging customer service, you can look for things like, does the broker offer customer service during your usual trading hours? Is the customer service available in your preferred language? Or is the knowledge base section helpful enough when you try to find answers on your own? 

Regulation

A regulated broker is under a regulator’s oversight in many ways like the security of your funds, standards of operations, etc. It is highly advisable to opt for regulated brokers, especially Tier-1 regulated brokers as they have the most stringent regulatory frameworks.  

Tradable Assets

It is highly advisable to opt for BTC forex brokers that give you access to a variety of markets. This way, you can benefit from the opportunities that appear in other markets besides your usual tradable assets. For example, a forex trader can diversify their portfolio by exploring commodities, etc. 

Leverage

Leverage is a multiplier that allows you to amplify your investments with a multiplier. For example, if leverage is 1:200, it means you can control positions 200x bigger than your funds. The upside is that your profits can be much bigger, and the downside is that so can be your losses. 

Spread

A spread is a difference between ask price and the bid price. Think of them as fees your broker charges every time you place a trade. The lower the spreads, the lower will be your trading overhead. 

Trading Platform

The trading platform is the dashboard with graphs where you make trades. There are many different trading platforms like MetaTrader 4, MetaTrader 5, cTrader, NinjaTrader, TradingView, and proprietary trading platforms. Your charting tools and many trading features depend on your trading platform. Therefore, it is highly recommended to look into these platforms beforehand.