Since 2013, Bitcoin traders can take advantage of a contract for difference (CFD) to trade Bitcoin. A contract for difference (CFD) is a derivative product that offers easy speculation on the rising or falling prices of any financial market.

Bitcoin Forex Brokers

Launched in 2008, Bitcoin is the first cryptocurrency in the world. The Bitcoin market has no central bank intervention and there are no interbank dealers to control the order flows. Bitcoin is a very volatile digital currency and there are many ways to speculate on the extreme Bitcoin’s price swings which are driven mainly by the news and the prevailing investor’s sentiment.

 

Trading Bitcoins with CFDs

Since 2013, Bitcoin traders can take advantage of a contract for difference (CFD) to trade Bitcoin. A contract for difference (CFD) is a derivative product that offers easy speculation on the rising or falling prices of any financial market. Actually, a CFD contract ‘mirrors’ the price movements of any financial instrument without owning it.

Advantages of Trading Bitcoins with CFDs

  • Traders who buy CFDs on Bitcoin do not actually own the cryptocurrency, avoiding the obligation of obtaining a Bitcoin wallet
  • Traders who buy CFDs on Bitcoin avoid the risks associated with a Bitcoin exchange
  • CFDs offer speculation on both rising and falling Bitcoin markets (Long and Short Positions are available)
  • CFDs offer capital leverage and that means you don’t have to deposit the whole amount of the Bitcoin position you are about to open
  • Forex/CFDs Brokers offer promotions for new clients, such as a welcome bonus

Disadvantages of Trading Bitcoins with CFDs

  • Every single night that your position remains open (Long or Short) becomes the subject of overnight rates (SWAPS). More information in the following broker's comparison table
  • As you don’t own the Bitcoins on a CFD position, you can’t use them for buying goods or services or withdraw them via an ATM

 

Review Bitcoin Forex Brokers

These are some popular choices for trading Bitcoin CFDs.

Compare Forex Brokers based on the four (4) Rating Factors of the RatingFormula 5.0

Based on Three (3) Levels of Trading Experience

Compare Forex Brokers based on the three levels of trading experience (Beginners, Advanced, and Professional Traders)

Sorting by the 'Beginners Rating Score'

COMPARE ALSO : » OVERALL RATINGS | » TRADING STYLES

 

  Beginners Advanced Pros Analysis Website

IRONFX

79.95% 68.14% 63.38% » IronFx Rating » Visit IronFx

XM

79.15% 68.72% 63.21% » XM Rating » Visit XM

HOTFOREX

77.80% 73.51% 71.69% » HotForex Rating » Visit HotForex

IC MARKETS

77.46% 76.55% 74.90% » ICMarkets Rating » Visit ICMarkets

AAAFX

72.80% 67.59% 67.58% » AAAFX Rating » Visit AAAFX (US Traders)

HYMARKETS

71.96% 62.61% 58.92% » HYCM Rating » Visit HYCM

FXGLOBE

70.83% 63.59% 62.27% » FxGlobe Rating » Visit FxGlobe

DUKASCOPY EUROPE

70.17% 70.07% 71.27% » Dukascopy Bank » Visit Dukascopy

ETX CAPITAL

68.51% 64.31% 59.12% » ETXCapital Rating » Visit ETX

FBS

68.03% 61.24% 58.38% » FBS Rating » Visit FBS

TALLINEX

67.61% 56.52% 56.60% » Tallinex Rating » Visit Tallinex (US Traders)

DUKASCOPY BANK

67.52% 74.93% 78.30% » Dukascopy Europe » Visit Dukascopy Bank

FXCC

66.56% 63.24% 63.56% » FXCC Rating » Visit FXCC

INSTAFOREX

65.53% 54.93% 52.53% » InstaForex » Visit InstaForex

ETORO

65.33% 49.53% 45.53% » eToro Rating » Visit eToro

GALLANT (GCMFX)

64.13% 59.99% 58.88% » Gallant Rating » Visit GCMFX

 

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