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10 Best Bitcoin Accepting Forex Brokers

Bitcoin is a digital currency that was created in January 2009. Bitcoin can be used to make both deposits and withdrawals in Forex TradingBitcoin transactions will require investors to make use of wallets, with all transactions being recorded on the BlockchainBitcoin is currently available in limited supply and forex trading of BTC will allow investors to procure this cryptocurrency without the need to mine it for themselves.   Mining BTC is a very expensive process that uses a large amount of power and requires specialized equipment.

 

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10 Best Bitcoin Accepting Forex Brokers (2022):

  1. ✔️ Forex Time (FXTM)

Here is an overview of the 10 Best Forex Brokers and Trading Platforms that accept Bitcoin.

 

Forex Time (FXTM)

Overall Rating

4.6/5

Rated #32 of
Recommended FX Brokers

💰Minimum Deposit

USD 10

🌐 Regulators

CySec, FSCA 

📱 Trading Desk

MetaTrader4, Metatrader 5

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

FXTM or ForexTime was founded in 2011 and is a registered brand name of Exinity Limited, regulated by the Financial Services Commission of Mauritius with license number C113012295.  FXTM offers users seven different account types where the execution method, range of markets, available platform, and commissions and fees may vary.  Three accounts are offered under the Standard category.  Forex Time (FXTM) is a MetaTrader broker which offers forex and CFD traders multiple account options for both MT4 and MT5 platforms.

 

Pros and Cons

✔️ Pros❌ Cons
Segregates client fundsLimited range of instruments
Established in 2011Not ASIC Regulated
Regulated by CySEC
Minimum deposit from $10

 

FXTM provides research in the form of daily technical and fundamental news analysis provided by an in-house team of analysts.

 

Trading Benefits

📊 Trading Features🔣 Accounts offered💰 Funding methods
Allows scalpingDemo accountCredit cards
Allows hedgingMicro accountBank Transfer
Offers STPMini accountPayoneer
Low minimum depositStandard accountNeteller
Offers Negative Balance ProtectionZero spread account
ECN account
Islamic account

 

Customer Service is an available phone, email, and online chat option – WhatsApp, live chat, Viber, Telegram, or Messenger.

 

HFM

Overall Rating

4.8/5

Rated #6 of
Recommended FX Brokers

💰Minimum Deposit

USD 5

🌐 Regulators

CySEC, FCA, FSA, DFSA, FSCA, CMA

📱 Trading Desk

MetaTrader 4 and MetaTrader 5

Crypto

No

📈 Total Pairs

50+

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

HotForex was established in 2007 and is well regulated by FCA, CySEC, DFSA, FSCA, and SFSA.

 

Pros and Cons

✔️ Pros❌ Cons
Segregates client fundsLimited range of instruments
Established in 2010Not FCA Regulated
Regulated by CySEC
Minimum deposit from $1

 

The HotForex MT5 Terminal offers 21 different timeframes, superior analysis tools, trading across HotForex asset classes, close to 100 simultaneous charts, hedging, one-click trading, and 80+ technical indicators plus an in-built economic calendar.  The account can be accessed from anywhere using an iPhone, interactive charts for 9 timeframes, advanced trading functions, one-click trading, 24 analytical objects, and 30 technical indicators.

 

Trading Benefits

📊 Trading Features🔣 Accounts offered💰 Funding methods
Allows scalpingMicro accountCredit cards
Allows hedgingMini accountBank Transfer
Offers STPStandard accountNeteller
Low minimum depositZero spread account
Offers Negative Balance ProtectionIslamic account

 

Customer support is available via phone and email.

 

XM Group

Overall Rating

4.5/5

Rated #68 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

IFSC, CySec, ASIC

📱 Trading Desk

MT4

Crypto

Yes

📈 Total Pairs

55

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

XM

 

XM Group (XM) is a group of regulated online brokers regulated by the Cyprus Securities and Exchange Commission.

 

Pros and Cons

✔️ Pros❌ Cons
Low stock CFD and withdrawal feesLimited product portfolio
Easy and fast account openingAverage forex and stock index CFD fees
Great educational toolsNo investor protection for non-EU clients

 

XM offers traders more than 1000 financial instruments to trade on both the MT4 and MT5 platforms, including Forex Trading, Stocks CFDs, Commodities CFDs, Equity Indices CFDs, Precious Metals CFDs, and Energies CFDsForex trading is available on over 55 pairs, including the major USD, GBP, EUR, and JPY pairs.  Traders must take note that XM does not offer binary options or futures.

 

Trading Benefits

📊 Trading Features🔣 Accounts offered💰 Funding methods
Negative Balance ProtectionMicro accountWire Transfer
Low SpreadsStandard accountCredit/Debit
Low CommissionXM Zero accountNeteller
Hedging AllowedUnionPay
Scalping AllowedWebMoney
Qiwi

 

Customer Service is available via live chat, phone, and email support.

 

BDSwiss

Overall Rating

4.7/5

Rated #5 of
Recommended FX Brokers

💰Minimum Deposit

$100

💰Sign-up

50% of Initial Deposit

🌐 Regulators

FSC, FSA

📱 Trading Desk

MT4, MT5

Crypto

Yes

📈 Total Pairs

83

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

BDSwiss is a Forex and CFD broker which is regulated by CySEC.

 

Pros and Cons

✔️ Pros❌ Cons
250+ instrumentsNo US clients
Well RegulatedNo Fixed Spread Accounts
Commission Free Accounts
Free VPS
Daily Trading Alerts

 

BDSwiss offers full demo and Islamic accounts and traders can fund their account via one of the multiple choices.

 

Trading Benefits

📊 Trading Features🔣 Accounts offered💰 Funding methods
Negative Balance ProtectionClassic accountWire Transfer
Multiple Trading AccountsVIP accountCredit Card
No Deposit or Withdrawal feeRaw accountSkrill
Neteller

 

BDSwiss offers multilingual customer support 24/5 via Live Chat, Telephone, Email, Call Back, WhatsApp, Telegram, and an FAQ section.

 

OctaFX

Overall Rating

4.8/5

Rated #8 of
Recommended FX Brokers

💰Minimum Deposit

$5

🌐 Regulators

SVGFSA

📱 Trading Desk

MT4, MT5

Crypto

Yes

📈 Total Pairs

80

☪️ Islamic Account

Yes

📊 Trading Fees

Very Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Official Website

 

OctaFX is an online broker which was founded in 2011, offering Forex trading.  As OctaFX is regulated by the Financial Conduct Authority (FCA), each new client must pass a few basic compliance checks when signing up for an account.  OctaFX has won numerous industry awards over the course of 9 years and is one of the few brokers that offer both of the MetaTrader platforms; MT4 and MT5.

 

Pros and Cons

✔️ Pros❌ Cons
Used by 300,000+ tradersDoesn’t offer VPS
Established in 2011Limited range of instruments
Regulated by FSANot FCA Regulated
Minimum deposit from $5

 

OctaFX provides an array of educational tools to assist beginner traders to become more experienced and even professionals in trading.

 

Trading Benefits

📊 Trading Features🔣 Accounts offered💰 Funding methods
Allows scalpingDemo accountCredit cards
Allows hedgingMicro accountBank Transfer
Offers STPMini accountNeteller
Low minimum depositStandard account
Guaranteed stop lossZero spread account
Negative Balance ProtectionSTP account
Islamic account

 

Customer Support is available 24/5 via Live Chat, Email, Phone, WhatsApp, and an Enquiry Form across multiple languages including English, Indonesian, Hindi, Chinese and more.

 

AvaTrade

Overall Rating

4.8/5

Rated #1 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

ASIC, FSA, CBI, BVI,FSCA,FRSA,CYCES, ISA, JFSA

📱 Trading Desk

MetaTrader 4, MetaTrader 5, Ava Social, Ava Protect, Trading Central

Crypto

Yes

📈 Total Pairs

55+

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

AvaTrade is an online broker which was founded in 2006 and offers Forex, CFDs, Spread Betting, and Social Trading and is a global broker with its head office situated in The British Virgin Islands. AvaTrade is regulated in Europe, the British Virgin Islands, Australia, Japan, and South Africa by ASIC, CySEC, and FCA.

 

Pros and Cons

✔️ Pros❌ Cons
Used by 200,000+ tradersDoesn’t offer VPS
Established in 2006Not FCA Regulated
Regulated by the Central Bank of Ireland, ASIC, IIROC, FSA, FSB, UAE, and BVI
Minimum deposit from $100

 

Those who are looking to start out with AvaTrade will need a minimum deposit of $250 and a demo account is available for those who want to get acquainted with the popular MT4 forex trading platform.  AvaTrade also offers mobile apps for Android and iOS.

 

Trading benefits

📊 Trading Features🔣 Accounts offered💰 Funding methods
Allows scalping Demo accountCredit cards
Allows hedging Micro accountBank Transfer
Low min depositMini account PayPal
Standard accountSkrill
Islamic accountPayoneer
Neteller

 

Customer support is available by email, phone, or live chat.

 

eToro

Overall Rating

4.8/5

Rated #20 of
Recommended FX Brokers

💰Minimum Deposit

USD 50

🌐 Regulators

CySec, FCA 

📱 Trading Desk

No Trading Desk

Crypto

Yes

📈 Total Pairs

47

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

* Etoro has lowered the amount of the minimum FTD to $ 50 for the following countries: Germany, Austria, Netherlands, Norway, UK, Ireland, Spain, Italy, Sweden, Switzerland.

 

eToro is an online broker which was founded in 2006 and offers CFDs and Social Trading, with a head office based in Cyprus, UK.  eToro is supervised by the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies, and has been in operation for over 14 years.

 

Pros and Cons

✔️ Pros❌ Cons
Used by 6,000,000+ tradersDoesn’t allow scalping
Established in 2006Inactivity Fee
Regulated by FCA, CySEC, and ASICLimited range of instruments

 

eToro offers traders two ways to trade: CFDs, Social Trading and eToro traders will need to make a minimum deposit of $200 and the platform can accommodate various levels of traders from beginner to expert.  Traders can trade in a wide variety of over 100 instruments and over 50 currency pairs on eToro’s user-friendly custom trading platform which is available as a browser-based web application. eToro also offers traders mobile apps for Android and iOS, making it easier to keep an eye on and execute trades.

 

Trading Benefits

📊 Trading Features🔣 Accounts offered💰 Funding methods
Offers STPDemo accountCredit cards
Low minimum depositMicro accountBank Transfer
Mini accountPayPal
Standard accountSkrill
Islamic accountPayoneer
Neteller

 

eToro supports a wide range of languages including English, German, Spanish, French, and Italian.  24/6 customer support is available via telephone and support ticket.

 

Exness

Overall Rating

4.9/5

Rated #2 of 
Recommended FX Brokers

💰Minimum Deposit

$10

💰Sign-up bonus

No

🌐 Regulators

CBCS, CySEC, FCA, FSA, FSC, FSCA

📱 Trading Desk

MetaTrader 4, MetaTrader 5

Crypto

Yes

📈 Total Pairs

97

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker Website

 

Exness is authorized by the Financial Services Authority (FSA) of Seychelles and was founded in 2008. Traders have the ability to trade on Forex and CFDs on Crypto, Metals, Energies, Stocks, and Indices on the MetaTrader 4 and MetaTrader 5 trading platforms for Windows, Mac, Linux, Android and iOS, and the Exness Web Terminal.

 

Pros and Cons

✔️ Pros❌ Cons
107 currency pairsLicensing in Seychelles – low level of protection
Low commissionsNarrow choice of markets
Zero spread accountsNo instruments for passive investment
Wide choice of trading accountsSuperficial learning and analytical content
Over 60 base currencies of the account

 

Exness offers traders 5 different trading accounts to choose from and over 105 different instruments to trade, including over 103 currency pairs.

 

Trading Benefits

📊 Trading Features🔣 Accounts offered💰 Funding methods
Low Trading FeesCent accountVisa
Allows HedgingClassic accountMasterCard
Allows ScalpingMini accountE-wallets
Mobile TradingECN accountPerfect Money
One Click ExecutionFasaPay
One Click ExecutionWire Transfer

 

Exness supports a wide range of languages including English, Russian, Chinese, Urdu, Malay, Indonesian, Hindi, Arabic, Bengali, Farsi, Tamil, Vietnamese, Thai, Korean, and Spanish via Live Chat and Email.

 

InstaForex

Overall Rating

4.8/5

Rated #40 of
Recommended FX Brokers

💰Minimum Deposit

USD 1

🌐 Regulators

CySEC, FSC

📱 Trading Desk

MetaTrader 4

Crypto

Yes

📈 Total Pairs

4

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️Visit Broker

 

InstaForex is a global online brokerage that is registered and regulated in several offshore jurisdictions around the world, including the EU jurisdiction of Cyprus.

 

Pros and Cons

✔️ Pros❌ Cons
No requirements for a minimum depositHigh commissions on the Forex market
Low commissions on CFDs on stocksLow diversity of available markets
Support of Islamic accounts
Wide selection of trading platforms

 

InstaForex allows traders to open an account with as little as $1 and Welcome bonuses may be on offer.

 

Trading Benefits

📊 Trading Features🔣 Accounts offered💰 Funding methods
PAMM AccountsInsta.StandardCredit Cards
Market AnalysisInsta.EuricaE-Wallets
Cent.StandardBitcoin
Cent.EuricaWire Transfer

 

Customer service is available 24 hours a day, with local phone numbers for nine countries, as well as through popular apps like Telegram, WhatsApp, Skype, and others channels.

 

ThinkMarkets

Overall Rating

4.8/5

Rated #62 of 
Recommended FX Brokers

💰Minimum Deposit

USD 0

🌐 Regulators

ASIC, FCA, FSCA, FSA-Seychelles, CySEC, JFSA 

📱 Trading Desk

No Trading Desk

Crypto

Yes

📈 Total Pairs

46 FX Pairs

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

Derivative products are leveraged products and can result in losses that exceed initial deposits.

 

ThinkMarkets is a forex and CFD trading broker regulated by the Financial Conduct Authority and FMA in New Zealand.

 

Pros and Cons

✔️ Pros❌ Cons
Segregates client fundsLimited range of instruments
Established in 2010
Regulated by Financial Conduct Authority and ASIC
Minimum deposit from $0

 

In order to open a live account, no minimum deposit is required. ThinkMarkets offers over 50 different instruments to trade, including over 34 currency pairs on both the MetaTrader Platforms, MT4, and MT5.

 

Trading Benefits

📊 Trading Features🔣 Accounts offered💰 Funding methods
Allows scalpingDemo accountCredit cards
Allows hedgingMini accountBank Transfer
Offers STPStandard accountNeteller
Low minimum depositZero spread accountPayoneer
Islamic account

 

Customer support is available via Live Chat, Telephone, and Email.

 

 

Conclusion

 

Bitcoin is the biggest and most popular cryptocurrency in the world today and choosing a Broker who accepts it, should be done with the same scrutiny as with any other.  Traders should consider factors such as Regulations and Accounts on offer before making a final choice.

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

Table of Contents

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