Bitcoin (BTC/USD) Forex Brokers

⚖️ Compare Bitcoin Forex Brokers

Launched in 2008, Bitcoin is the world’s first cryptocurrency. The Bitcoin market operates without central bank intervention, and there are no interbank dealers controlling order flows. Bitcoin is a highly volatile digital currency, with its extreme price swings largely driven by news and prevailing investor sentiment, offering many opportunities for speculation.

🔄 Trading Bitcoin with CFDs

Since 2013, Bitcoin traders have been able to trade Bitcoin using contracts for difference (CFDs). A CFD is a derivative product that allows easy speculation on the rising or falling prices of any financial market. Essentially, a CFD contract mirrors the price movements of a financial instrument without owning the underlying asset.

✅ Advantages of Trading Bitcoins with CFDs

• Traders who buy Bitcoin CFDs do not actually own the cryptocurrency, avoiding the need to obtain a Bitcoin wallet.

• Traders avoid the risks associated with Bitcoin exchanges.

• CFDs allow speculation on both rising and falling Bitcoin markets (long and short positions are available).

• CFDs offer leverage, meaning you don’t have to deposit the full amount of the Bitcoin position you want to open.

• Forex/CFD brokers often offer promotions for new clients, such as welcome bonuses.

❌ Disadvantages of Trading Bitcoins with CFDs

• Positions held overnight (long or short) incur overnight rates (swaps). More details are available in the broker comparison table below.

• Since you don’t own the Bitcoins in a CFD position, you cannot use them to buy goods or services or withdraw them via an ATM.

🔍 Review Bitcoin Forex Brokers

These are some popular choices for trading Bitcoin CFDs.

IC Markets

IC Markets is a competitive Australian-based broker regulated by ASIC. It offers true ECN execution and very tight spreads. Available platforms include MT4, MT5, and cTrader. Scalping and hedging are fully permitted, and IC Markets also provides a FIX/API for professional traders. Trading BTC/USD with IC Markets offers advantages such as tight spreads, 1:20 leverage, and no minimum order distance.

Bitcoin Specifications

• Positions: Long & Short on the market
• Spread on BTC: Fixed at 10 USD per 1 lot (1,000 ticks)
• Stop Level: 0 (No minimum Order Distance)
• Minimum Lot Size: 0.01 (One Micro lot)
• Maximum Lot Size: 1 (One Standard lot)
• Hedging Allowed: Yes
• Scalping Allowed: Yes
• Margin: 5%
• Max Leverage: 1:20
• Margin Call:  100%
• Stop-Out Limit: 50%
• GTC Pending orders:  Yes

» Visit the IC Markets

FBS

FBS is a large Asian ECN/STP Forex broker founded in 2009. The broker has offices in Cyprus and several Asian countries, including Indonesia, Malaysia, and China. FBS’s asset index includes 28 Forex pairs, CFDs, metals, futures, and BTC/USD.

Trading Technology

FBS offers the MT4 and MT5 desktop platforms, as well as the MT4 mobile trader for all popular devices (Android, iOS, and Windows).

The minimum deposit to open an account with FBS is just $10, and many funding methods are available, including cards, wire transfer, Skrill, WebMoney, MoneyGram, PerfectMoney, EgoPay, DixiPay, OKPay, and Neteller. Customer service is available 24/5 via chat, phone, email, and forum. For Bitcoin trading, FBS offers only BTC/USD, with a maximum leverage of 3:1.

» Visit the FBS

⚖️ Compare Bitcoin Forex Brokers

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

■ Compare Bitcoin Forex Brokers

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