15 Best Bitcoin Brokers

This list of 15 Best Bitcoin Brokers aims to give insight into some of the best cryptocurrency brokers in the market and to detail critical features and pros and cons of signing up with them.

This list is by no means a ranking but, rather, a comprehensive list of the Best Bitcoin Trading Platforms.

 

Exness

Exness was established in 2008 and has grown to provide brokerage services to more than 80 000 customers.

Forex traders can expect a great variety of products with solutions that are flexible to their trading needs.

Exness offers fantastic trading platforms which are available on the web, mobile and desktop and come equipped with great educational and training tools.

Account creation is effortless but there are still regional restrictions in place and some users may find that there are no services offered in their country.

Customer support provides stellar service via live chat and email and normally has short turnaround times.

 

Exness Features

• Well-designed, innovative website
• No hidden costs
• Withdrawal process is instant
• Great security with segregated accounts for funds
• Allows copy trading
• No limitation on trading strategies
• Comprehensive research tools
• Live news and indicator updates from many sources

 

Exness Pros and Cons

✔️Pros	❌Cons
Multilingual customer support	No USA clients
No commission training	Withdrawal fees
ECN trading access	No trading bonus
Great spreads
Well regulated

 

Alpari

Established in 1998, Alpari had a complete relaunch in 2014. Their base of operations is located in Mauritius and regulated by both the local republic as well as the Financial Services Commission (FSC).

Alpari is currently exceeding a trading turnover of $1.3 trillion per annum and offers their clients access to more than 250 markets in Indices, Stocks, Metals, Cryptocurrencies and Forex.

Alpari sport a Web, Mobile and Desktop platform all equipped with the market standard MetaTrader 5 and MetaTrader 4.

Alpari has educational resources and demo accounts that will fit well with novice and expert traders.

 

Alpari Features

• Investment Academy Courses for training
• Analytical support and analysis from trusted sources
• Live news feed, Forex economic calendar and Trade signals
• Clients can enjoy leverage up to 1000:1
• Forex trading provides opportunities across more than 60 currency pairs
• Attractive low minimum balance
• Well regulated by multiple bodies
• Availability of proprietary Binary Trader

 

Alpari Pros and Cons

✔️Pros	❌Cons
Social Trading and Demo Accounts	Educational resources are limited
Great product selection	Resource tools are lacking
Good Copy trading	Fees on withdrawal
Great customer support	High transaction fees
Attractive minimum deposit

 

FXTM

Regulated and licensed in South Africa, Mauritius, Cyprus, Belize and the UK, FXTM was established in 2012 and boast a history of accolades.

FXTM has offices in Germany, France, Italy, Thailand, Malaysia, Nigeria, India, South Korea, China, Turkey, Spain, Poland and Germany with their base of operations located in Cyprus.

Traders can expect a great variety of derivatives and financial products and enjoy trading on all currency pair with tight spreads.

 

FXTM Features

• Multi Terminal access on Desktop platform
• Comprehensive range of trading tools
• Traders can make use of hedging
• Educational and research tools are good
• Low fees for stock index CFD
• Low spreads across all account types
• Regular educational events held worldwide
• Huge selection of educational material available
• Great third-party research tools

 

FXTM Pros and Cons

✔️Pros	❌Cons
Attractive minimum deposit	Withdrawal and inactivity attract fees
Exceptional customer service	CFD fees are high
Painless sign-up	Few products offered
Secure through great regulation
Low Forex fees

 

FP Markets

Established in Australia and founded in 2005, FP Markets is regulated by Cypriot CySEC and Australian ASIC and offer brokerage services for Forex and CFDs.

Traders can choose from silver, gold, indices, CFDs, stocks, cryptocurrencies and more than 50 currency pairs with which to trade on the industry-standard MetaTrader 4 and MetaTrader 5 platforms.

 

FP Markets Features

• Currency is leveraged up to 1:500
• Direct Market Access is available to traders
• Novice traders can make use of a demo account
• Large number of currency pairs from which to choose
• Great research tools including Autochartist

 

FP Markets Pros and Cons

✔️Pros	❌Cons
Quick account opening	Few products offered
Trading fees are low	CFD fees are high
Quick processing of trades	Minimum deposit is not competitive
Forex fees are low	International bank withdrawals carry high fees
Great platform choices

 

XM

XM Global offers in excess of 1000 financial instruments and have been on the scene since 2017.

Instruments on offer include Precious Metals, CFDs, Energies CFDs, Stocks CFDs, Equity Indices CFDs and Forex Trading.

With XM Forex traders will have an opportunity to trade with more than 55 currency pairs.

As per the industry standard, MetaTrader 4 and MetaTrader 5 are available to be used with XM’s platforms which is currently being used by more than 70 000 traders.

 

XM Features

• Web, Desktop and Mobile platforms come equipped with comprehensive tools
• Scalping is available to traders
• Negative balance protection
• Minimum deposit is low
• Hedging is available to traders
• Live education offerings and seminars worldwide
• Advanced and capable research tools

 

XM Pros and Cons

✔️Pros	❌Cons
Withdrawal fees are low	Fees for inactivity
Quick account opening	Forex fees aren’t competitive
Withdrawals carry no fees
Good research and educational tools

 

GO Markets

GO Markets is an Australian-based, well-regulated Forex broker which was founded in 2006 and offers a wide variety of tradeable instruments including Shares, Indices, Forex, Cryptocurrencies and Commodities.

GO Markets have a global presence and have offices in London, Melbourne, Hong Kong and Taipei.

 

GO Markets Features

• Hedging is available to traders
• Scalping is available to traders
• STP offered
• ASIC regulated
• Negative balance protection
• Desktop, Web and Mobile platforms offered
• GO Markets academy is free to use with great resources
• Great research tools including Autochartist and Trading Central

 

GO Markets Pros and Cons

✔️Pros	❌Cons
Quick trade executions	Not enough account types
Well-designed platforms	Jurisdiction limitations
Great research and educational tools	Not available to US citizens
Well regulated	Few products on offer

 

AvaTrade

AvaTrade was established in 2006 and has amassed a client base of over 200 000 who all use Avatrade’s online platform to conclude more than 2 000 000 transactions a month.

They provide well-designed platforms with users preferring the mobile platform over the web platform.

Forex traders can expect fantastic training and educational material that stems directly from AvaTrade’s core value of making sure that traders are fully equipped to tackle the Forex world.

Account creation is quick and effortless as is the trading experience with AvaTrade.

Customer support provides quick responses and is efficient in resolving clients’ queries.

 

AvaTrade Features

• Well-designed, automated trading platforms
• Improved security through segregated accounts
• Multiple platforms supporting MetaTrader 4 and MetaTrader 5
• Offers impressive spreads
• Multilingual options for international websites
• Great educational material including live webinars and technical analysis
• Research tools include Autochartist and Economic Indicators

 

AvaTrade Pros and Cons

✔️Pros	❌Cons
Painless account creation	Research tools are limited
Educational tools are great	Telephone support needs improvement
Free withdrawals	Inactivity attracts penalties
Trading fees are low	Limited instruments offered

 

HFM (HotForex)

If you are looking for a trading experience that is transparent and secure from a broker who operates with integrity, then HFM is definitely for you!

Winner of the prestigious Business Excellence award, HotForex showcases its quality with its offering of fantastic research and educational material.

Clients can look forward to well-designed, user-friendly platforms in the form of web, mobile and desktop.

User sign-up is completely digital and is hardly a sweat.

Customer support is available at all hours of the day and is efficient in resolving user queries.

 

HFM Features

• Support for MetaTrader 4 and MetaTrader 5 platforms
• Variable spreads offered with no commission
• Multilingual customer support
• 1000+ instruments
• Excellent bonuses
• Negative Balance Protection
• Premium Trading Tools including Autochartist and Trader’s Board
• Variety of accounts including Micro accounts and Zero spread accounts

 

HFM Pros and Cons

✔️Pros	❌Cons
Great account options offered	Few base currencies
Great customer support	Limited instruments offered
Wide range of currency pairs

 

IG

IG has become a market leader in Forex brokerage by holding true to its value of always putting the customer first and has been doing so since 1974.

Users can expect a great trading experience with IG’s well-designed trading platforms which come fully stacked with exceptional research and training material.

User sign-up is easy enough but has a lengthy verification process.

Customer tech support responds quickly and swiftly resolves issues.

 

IG Features

• Industry-leading trading platform
• Fantastic market analysis
• Great educational tools
• Noteworthy track record with a decorated history
• Great security with two-step authentication
• Many order types
• Impressive charting tools

 

IG Markets Pros and Cons

✔️Pros	❌Cons
Well-designed platforms	Limited product offering
Great educational tools	Telephone support has long lead times
Trading fees are low

 

Plus500

Plus500 is an Australian broker that has been around since 2008 and aims to be the leading CFD broker by capitalising on technology and innovation.

Anyone who has spent any time using Plus 500’s trading platform will see right away that they are ahead of the rest in design and innovation.

The product scope is limited to CFDs and Forex, and users will be able to get by with the research and educational tools on offer.

Plus500 also offer 24-hour technical support to help users with queries.

 

Plus500 Features

• Over 2 000 trading instrument options
• Comparatively low spreads and commissions
• Attractive minimum deposit
• Negative balance protection
• Well regulated
• Proprietary trading platform

 

Plus500 Pros and Cons

✔️Pros	❌Cons
Innovative trading platform	Research tools are limited
2,000+ instruments	Lacks phone support
Low trading fees	Educational tools are average

 

eToro

They offer traders a number of products and can service traders of any experience level.

With well-designed platforms on the web and mobile, eToro is thought to provide one of the leading trading experiences in today’s market.

Users will definitely find that the research and educational material leaves much to be desired but customer tech support is efficient in resolving queries.

Signing up with eToro is quick and completely digital.

 

eToro Features

• A frontrunner in Copy and Social trading
• Great Cryptocurrency options
• Capable charting tools
• European region enjoys free ETF and Stock trading
• Multilingual support

 

eToro Pros and Cons

✔️Pros	❌Cons
European clients enjoy lower fees	Only one base currency
Easy sign-up	High Forex fees
Well-designed platforms	Tedious withdrawal process

 

Pepperstone

Pepperstone has been providing great brokerage services to traders since 2010.

The variety of utilities on offer is all accessible through Pepperstone’s web, desktop and mobile platforms.

Users may find that although the educational and training material is vast in quantity, it is average in quality.

User sign-up is easy and painless as is the experience of dealing with customer tech support.

 

Pepperstone Features

• Wide range of trading platforms (MT4, MT5 and cTrader)
• Great global presence
• Strong establishment and well regulated
• Multilingual support
• Competitive pricing model

 

Pepperstone Pros and Cons

✔️Pros	❌Cons
Low Forex fees	Few products offered
Excellent customer support	Research material is average
Free deposits and withdrawals

 

FXCM

FXCM was established in 1999 and operates with a keen focus on ensuring that novice traders are equipped with all the tools and training to reach their full potential as successful Forex traders.

Users will be able to connect to the trading platform via the web, mobile and desktop which is fantastic in terms of accessibility but there are inherent limitations in the design.

Training and educational material is tailored more for novice traders who soon discover that there is a wealth of knowledge to be gained.

User sign-up is easy enough but does have a lengthy verification process.

Customer support is available via live chat, email and telephone and can resolve queries during working hours.

 

FXCM Features

• Great history and well established
• Highly regulated
• Great selection of trading platforms
• Fantastic education including live events
• Social Trading platforms

 

FXCM Pros and Cons

✔️Pros	❌Cons
Great research and educational tools	Few products offered
Easy sign-up	Platforms need improvement
Low Forex fees

 

XTB

XTB was established in 2002 and has been providing great asset management services to clients to build a trustworthy track record all over the world.

Time and effort have gone into providing traders with a selection of fantastic educational and research tools.

Creating an account is painless and quick and customer support is quick and efficient in resolving user queries.

 

XTB Features

• Great platforms
• Offer fantastic educational material
• Top tier regulation
• User sign-up is fully digital
• Great spreads

 

XTB Pros and Cons

✔️Pros	❌Cons
Effortless sign-up	Few products offered
Trading fees are low	Email support needs improvement
Free withdrawals	Stock CFD fees are high
Low fees for CFDs and Stocks

 

Forex.com

Forex.com was established in 2001 and have been ensuring that expert and novice trader enjoy a great trading experience.

Apart from some inherent limitations in fundamental data, Forex.com’s research and educational tools are found to be useful to traders.

Creating an account is completely digital but has a lengthy verification process.

Customer support has been noted to give the best experience via telephone and is great at making sure that user queries are resolved.

 

Forex.com Features

• Highly regulated (FCA, IIROC, ASIC, CFTC)
• The holding company has a great history and is well established
• Proprietary trading platform
• Competitive spreads
• Functionality for instant or market execution

 

Forex.com Pros and Cons

✔️Pros	❌Cons
Forex fees are low	Desktop platform needs development
Research tools are useful	Few products offered
Effortless user account creation

 

Conclusion

As if the world of Forex was not complex enough, traders have had to navigate through complex markets to try to make sense of the colossal rise in cryptocurrency value, specifically, Bitcoin.

Brokers across the world have identified the need to connect traders with facilities to make the buying and selling of Bitcoin easy and accessible.

Traders are always searching for new ways to improve their portfolios and maximise their profits and the recent economic environment has confirmed that Bitcoin, along with many other Cryptocurrencies, is planning to be in with us for the long haul.

We hope that this review of the 15 Best Bitcoin Brokers helps you find a broker that is right for YOU.

Good luck with your trading!