20 Best Bitcoin Brokers

This list of 20 Best Bitcoin Brokers aims to give insight to some of the best cryptocurrency brokers in the market and to detail critical features and pros and cons from signing up with them.

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

 

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 are currently exceeding a trading turnover of $1.3 trillion per annum and offer 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 have 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

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 have 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

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 a 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

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.

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
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 offer 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 tool including Autochartist and Trading Central
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 establish in 2006 and have 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 provide quick responses and is efficient in resolving client’s 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

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

 

 

Exness

Exness was established in 2008 and have 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 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 provide stellar service via live chat and email and normally have 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

Pros and Cons

Pros Cons
Multilingual customer support Inactivity attracts penalties
No commission training Withdrawal fees
ECN trading access CFD fees are comparatively high
Great spreads Not available in US region
Well regulated

 

 

HotForex

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

Winner of the prestigious Business Excellence award, HotForex showcases their quality with their 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 all hours of the day and are efficient in resolving user queries.

HotForex 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

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

User 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 decorated history
  • Great security with two-step authentication
  • Many order types
  • Impressive charting tools
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 around the clock technical support to help users with queries.

Features

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

Pros and Cons

Pros Cons
Innovative trading platform Research tools are limited
Round the clock support Lacks phone support
Low trading fees Educational tools are average

 

 

eToro

Established in 2007, eToro have secured millions of customers with their “challenging the norm” approach to Forex trading and have coined the “Social Trading” movement.

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

With well-designed platforms on web and mobile, eToro is thought to provide one 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.

Features

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

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 have been providing great brokerage services to traders since 2010.

The variety of utilities on offer are 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.

Features

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

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 operate 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.

User will be able to connect to trading platform via 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

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 have 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

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 are great at making sure that user queries are resolved.

Forex.com Features

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

 

Pros and Cons

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

 

Swissquote

The reputation of the swiss certainly precedes them and Swissquote does not fall short in any way.

Users are offered a great experience with the well-designed platforms and have access to useful educational and research tools.

Creating an account is an easy, effortless and completely digital process with Swissquote.

Customer support centre is available through many contact channels and provide great assistance.

Swissquote Features

  • Highly regulated
  • Strong global presence
  • Low spreads
  • Great selection of instruments
  • Autonomous investment functionality
  • “Robo-Advisor” electronic asset manager

Pros and Cons

Pros Cons
Inactivity does not attract penalties High trading fees
Great market exposure Some research tools are not free
Great research tools

 

 

ETX Capital

ETX Capital was established in 1965 and have enjoyed a decorated tenure which has convinced the Forex community that they one of the best in the market.

ETX Capital’s trading experience is satisfactory at best with a glaring need for development to improve the educational and training resources platform.

User account creation is a short and sweet process and customer support are capable to resolve queries quickly and effectively.

ETX Capital Features

  • Tight spreads
  • Great history and reputation
  • Powerful trading features for beginner traders
Pros Cons
Great selection of transactions Certain withdrawals attract fees
Easy registration Research tools need improvement
Adequate resources

 

 

City Index

City Index was established in 1985 and have had an impressive track record as a Forex broker.

They offer great educational and training materials which users will have access to once they have completed the effortless sign up process.

Customer support can be contacted via telephone and will swiftly deal with any queries that customers may have.

City Index Features

  • Market leading trading platforms
  • Fantastic market analysis
  • Useful research tools
  • More than 12 000 tradeable instruments
  • Private Client Service available for maintaining minimum balance
  • Demo account facility

Pros and Cons

Pros Cons
Forex fees are low Desktop platform needs improvement
Easy user sign up Product offering is limited
Research resources are good

 

InstaForex

Providing Forex brokerage services since 2007, InstaForex have been maintaining a reputation of being able to provide a capable product offering that can appeal to all traders.

InstaForex gives traders access to an average Forex trading platform available on desktop and mobile but are not equipped with customised features.

Educational and research resources are limited in scope and traders may find little use for it.

Creating an account is quite easy and supported by a capable support team who are able to assist around the clock.

InstaForex Features

  • Great geographic footprint with more than 7 million users
  • Free VPS hosting
  • Allowance for scalping and hedging
  • Demo account facility
  • Good range of analytical rubrics
  • ForexCopy system

Pros and Cons

Pros Cons
Quick registration Support only during work week
Wide selection of products Commissions on withdrawals
Great customer support
Commission free account
Plenty of educational material
Trading and economic calendar
Strict regulatory body

 

OctaFx

OctaFx was established in 2011 and have been offering a wide variety of products to beginner and expert traders alike.

Traders will have access to well-designed web and mobile platforms with amazing customer support to make sure that you’re kept away from any downtime.

OctaFx has research and educational tools that will prove to be useful to the expert and the novice and access to material is given to traders once they complete the fully digital and effortless process.

OctaFx Features

  • First time deposit bonus of 50%
  • Well regulated
  • Great trading tools
  • Demo account is unlimited
  • Wide variety of instruments
  • Options to choose between trading models
  • Good choice of payment options
  • Over 300,000+ traders worldwide

Pros and Cons

Pros Cons
Good range of trading accounts Withdrawal options are limited
Research tools are good Inactivity attracts penalties
Extensive research tools No VPS
Most competitive spread offering Limited instruments
Advanced technology
No fee on deposits or withdrawals
Forex and stock index CFD fees are low

In 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, are planning to be in with us for the long haul.

In this article we looked at the 20 Best Bitcoin Brokers as well as which ones we believe are worth investigating further.