| Updated: January 15, 2025The use of Bitcoin as a payment method at online forex brokers has gained significant popularity in recent years. This is due to the numerous benefits it offers, including faster transaction times, lower costs, and increased security. Bitcoin’s decentralized nature and cryptographic technology make it an attractive option for traders who value anonymity and convenience.
Below you can find a list with Forex brokers that accept Bitcoin deposit:
Top 6 Forex Brokers with Bitcoin deposit
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Fusion Markets
- Australia regulated broker
- MT4, MT5, TradingView, Ctrader
- Leverage up to 500
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Global Prime
- Australia regulated broker
- Advanced MT4
- $0 Minimum Account Size
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OctaFX
- OctaFX offers zero commission fees on deposits and withdrawals, with tight spreads and competitive pricing.
- Traders can use advanced, user-friendly trading platforms, such as MT4 and MT5 to match their trading needs.
- A wide range of trading instruments available – Forex, Indices, Commodities and Crypto.
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HF Markets
- Up to 1:2000 leverage in specific countries
- Supports trading in micro lots (1,000 units)
- A $6 round-turn commission per standard lot for Zero accounts
Trading Instruments- Forex
- Metals
- Energies
- Soft commodities
- Indices
- Stocks
- Cryptocurrencies
- Bonds
- ETFs
-
Tickmill
- Classic and Raw accounts available to suit various trading needs and requirements.
- Popular trading platforms, such as MT4 and MT5.
- Regulated by reputable authorities: ASIC and CySEC.
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Pepperstone
- Australia & CySEC regulated broker
- MT4/MT5, TradingView, Ctrader, Iress
- EUR/USD spread from 0.0 pips
Trading Instruments- Forex
- Indices
- Commodities
- Cryptocurrencies
- Share CFDs
- ETFs
Brokers Compared by Spread
| Brand | Commission per lot | |
|---|---|---|
| Fusion Markets | 0.93 avg (Classic) | $0 Classic Account, $4.50 round turn on Zero Account |
| Global Prime | 0.96 avg (Standard) | $0 Standard Accounts; $7 round turn on Raw Accounts |
| OctaFX | $0 | |
| HF Markets | 0.73 | $6 to $8 round-turn (Zero) |
| Tickmill | 0.1 | $0 on Classic Account; $3 per side on Raw Account |
| Pepperstone | 1.00 (min) | $0 (Standard Account), $7 round-turn (Razor Account) |
FX Brokers Deposit Method Comparison
| Brand | Minimum deposit | |
|---|---|---|
| Fusion Markets |  |
$0 |
| Global Prime | |
$0 |
| OctaFX |  |
$25 |
| HF Markets | |
$0 (Zero, Premium), $5,000 (Premium Pro) |
| Tickmill | |
$100 |
| Pepperstone | |
$0 |
The Best Forex Brokers by Regulator
| Brand | Maximum leverage | |
|---|---|---|
| Fusion Markets | |
1:30 (1:500 for forex and metals via VFSC) |
| Global Prime | |
1:500 (1:30 for ASIC entity) |
| OctaFX | |
|
| HF Markets | |
|
| Tickmill | |
1:30 |
| Pepperstone | |
1:30 |
Forex Brokers Platform Availability
| Brand | FX pairs to trade | |
|---|---|---|
| Fusion Markets | |
80+ |
| Global Prime | |
56 |
| OctaFX | |
|
| HF Markets | |
|
| Tickmill | |
62 |
| Pepperstone | |
90+ |
Comprehensive Comparison the Best Forex Brokers accepting Bitcoin
| Brand | Min. Deposit | Trading Platforms | Spread | Regulation | Trustpilot |
|---|---|---|---|---|---|
 |
$0 |
|
0.93 avg (Classic) |
|
|
 |
$0 |
|
0.96 avg (Standard) |
|
|
 |
$25 |
|
|
||
 |
$0 (Zero, Premium), $5,000 (Premium Pro) |
|
0.73 |
|
|
 |
$100 |
|
0.1 |
|
|
 |
$0 |
|
1.00 (min) |
|
If you are new to Bitcoin, this publication may prove useful to you. We explore all vital aspects of using this cryptocurrency as a payment method at online trading sites, including the steps in the deposit and withdrawal process, the associated costs, transaction times, and the main benefits of implementing it. Also included is brief information about the most commonly available trading platforms you will encounter at brokers accepting the method.
How to Deposit at Forex Brokers Using Bitcoin
Depositing with Bitcoin at a forex broker is a relatively straightforward process. To start, traders need to create an account with a broker that accepts Bitcoin as a payment method. Once the account is verified, traders can navigate to the deposit section of the broker’s website and select Bitcoin as their preferred banking option. The broker will then provide a unique Bitcoin address, which traders can use to send their deposit. The entire process typically involves the following steps:
- Creating an account with a Bitcoin forex broker
- Verifying the account and navigating to the deposit section
- Selecting Bitcoin as the list of supported methods and obtaining the broker’s Bitcoin address
- Specifying the desired deposit amount and sending it to the broker’s Bitcoin wallet
- Waiting for the deposit to be confirmed and credited to the trading account
How to Withdrawal from Trading Balance with Bitcoin
Withdrawing with Bitcoin from your live trading balance is also a relatively simple process. To initiate a withdrawal, traders need to navigate to the withdrawal section of the broker’s website and select Bitcoin as their preferred withdrawal method. The broker will then require traders to provide their Bitcoin wallet address, to which the withdrawal will be sent. Here is a rundown of all steps of the withdrawal process.
- Navigate to the withdrawal section of the broker’s website
- Select Bitcoin as your preferred withdrawal method
- Provide your Bitcoin wallet address
- Specify the amount of Bitcoin to be withdrawn
- Confirm the withdrawal and wait for the transaction to clear
Costs Associated with Using Bitcoin at Forex Brokers
While Bitcoin offers several benefits, including lower transaction fees, there are still some costs associated with using it as a payment method at forex brokers. These include:
- Deposit costs: Some brokers may charge a small fee for Bitcoin deposits, typically ranging from 0-1% of the deposit amount.
- Withdrawal costs: Brokers may also charge a fee for Bitcoin withdrawals, but again, most trading sites impose no additional charges on customers using this payment method.
- Blockchain fees: These are fees paid to the Bitcoin network to process transactions, typically ranging from $0.50 to $2.50 per transaction. These fees can increase, depending on the current levels of demand for blockchain space.
- Spreads: These represent the difference between the bid and ask prices of a currency pair, and can vary depending on the broker and the current market conditions.
- Commissions: Some brokers may charge a round-turn commission on each forex trade, typically ranging from $4.50 to $7 per standard lot.
- Inactivity fees: These are fees charged to customers who do not actively trade with their accounts and typically range from $5 to $50 per month.
- Rollover fees: Traders incur these charges when holding open positions overnight but the exact fees are also subject to change over time.
- Other trading costs: These can include costs such as margin calls, guaranteed stop-loss premiums, and other charges associated with trading on margin.
It’s worth noting that these costs can vary widely, depending on the broker and the specific services offered, so it’s always a good idea to carefully review the terms and conditions of a broker before opening an account. Additionally, some brokers may offer discounts or promotions that can help reduce these costs, so it’s always worth shopping around to find the best deal.
Transaction Times with Bitcoin
When using Bitcoin as a payment method at forex brokers, transaction times can vary, depending on the broker and the network congestion. Deposits are typically faster, with most brokers processing them within a few minutes to a couple of hours. However, during times of high network congestion, deposits can take up to 24 hours to be confirmed on the blockchain. Withdrawal times are generally similar, with most brokers processing Bitcoin withdrawals within up to 3 hours.
However, some trading sites may have longer withdrawal times, ranging from 24-48 hours. It’s worth noting that Bitcoin transactions are processed on a blockchain, which can experience delays during times of high congestion. Despite this, Bitcoin remains a fast and efficient payment method, allowing traders to quickly and easily deposit and withdraw funds to and from their forex accounts.
Commonly Available Platforms at Forex Brokers Accepting Bitcoin
Forex brokers that accept Bitcoin as a payment method provide their clients with a range of trading platforms to choose from. Said platforms are designed to cater to the diverse needs of traders, offering a variety of features and tools to help them navigate the markets. Whether you’re a beginner or an experienced trader, you’ll find a platform that suits your needs.Here are some of the most popular trading platforms offered by Bitcoin-friendly forex brokers.
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MetaTrader 4 (MT4):
This platform offers a wide range of features for technical analysis, with 30 built-in indicators, as well as 23 analytical objects, and 9 timeframes. This enables traders to conduct in-depth market analysis and make informed trading decisions, with access to a variety of financial instruments, including forex, commodities, and indices.
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MetaTrader 5 (MT5):
The advanced MT5 platform features an even more extensive range of technical indicators (38), 44 graphical objects and 21 timeframes, providing traders with a high degree of flexibility and customization and access to a broader range of financial instruments. These include forex, commodities, indices, and stocks.
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cTrader:
This platform provides traders with a professional-grade trading experience, featuring 55 technical indicators, 14 chart types, and 24 timeframes. Advanced order types and risk management tools are also available.
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NinjaTrader:
The NinjaTrader platform delivers a high degree of customization and flexibility, with over 100 technical indicators, 20 analytical objects, and 10 timeframes. Apart from forex, users can trade futures, stocks, and other financial instruments.
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TradingView:
TradingView features a vast library spanning hundreds of technical indicators, 12 chart types and 10 timeframes, providing traders. It supports social trading, enabling members of the forex community to share ideas and insights.
Benefits of Using Bitcoin at Forex Brokers
The use of Bitcoin as a payment method at forex brokers has gained significant popularity in recent years, and for good reason. Bitcoin offers a unique combination of benefits that make it an attractive option for traders. By using Bitcoin, traders can enjoy a range of advantages that can enhance their trading experience.
Some of the main benefits of using Bitcoin at forex brokers include:
- Speed and Efficiency: Bitcoin transactions are processed quickly and efficiently, allowing traders to rapidly deposit and withdraw funds from their accounts, which can be particularly useful in fast-moving markets.
- Greater Anonymity: use of Bitcoin as a payment method can provide traders with a high level of anonymity and security, as Bitcoin transactions are encrypted and do not require the disclosure of sensitive personal or financial information.
- Cost-Efficiency: Bitcoin transactions are also often less expensive than traditional payment methods, as they do not involve the same level of intermediaries, which helps reduce trading costs.
Regulation of Forex Brokers that Accept Bitcoin
The regulation of forex brokers that accept Bitcoin deposits is a crucial aspect of ensuring the safety and security of traders’ funds. Regulatory bodies play a vital role in overseeing the activities of forex brokers and ensuring that they comply with strict standards and guidelines. Here are the most prominent regulators overseeing forex brokers accepting Bitcoin payments.
- Financial Conduct Authority (FCA) in the UK
- Securities and Exchange Commission (SEC) in the US
- Australian Securities and Investments Commission (ASIC)
- Swiss Financial Market Supervisory Authority (FINMA)
- Cyprus Securities and Exchange Commission (CySEC)
- Japan Financial Services Agency (JFSA)
While Bitcoin is widely accepted as a payment method, there are some countries where it is banned or heavily restricted. These countries include China, Bolivia, Egypt and North Korea, among others. In these countries, the use of Bitcoin is strictly prohibited, and forex brokers are not allowed to accept Bitcoin deposits. However, in most countries, Bitcoin is recognized as a legitimate payment method, and forex brokers are allowed to accept Bitcoin deposits, provided they comply with all relevant regulations and guidelines.
Conclusion
In conclusion, Bitcoin forex brokers offer a unique combination of benefits, including fast transaction times, low costs, and increased security. The use of Bitcoin as a payment method provides traders with increased flexibility and convenience. Regulatory bodies, such as the FCA and ASIC, oversee these brokers to ensure compliance and higher levels of consumer protection for their customers.
Why You Should Trust RationalFX
When it comes to making informed decisions about forex brokers, it’s essential to rely on trustworthy sources. RationalFX, a company with over 17 years of experience since its founding in 2005, has established itself as a credible authority in the industry. With an impressive collection of over 2500 reviews on Trustpilot, boasting a score of 4.2, it’s clear that Rational FX has built a reputation for providing reliable and unbiased information.
What sets Rational FX apart is its rigorous evaluation process, which considers over 30 different criteria when selecting forex brokers. This comprehensive approach ensures that every aspect of a broker’s service is taken in consideration, including regulation, forex spreads, trading platforms, deposit methods, and reputation. With its wealth of experience, transparent review process, and outstanding customer feedback, Rational FX is a trusted source for anyone seeking reliable information on forex brokers. You can reach us via e-mail at [email protected] or contact us through our social media accounts here: Facebook, YouTube, or leave a feedback here.