Bitcoin is a digital currency and is being traded in the financial markets around the world ever since it was introduced in 2011. Over the years, the first cryptocurrency in the world has become immensely popular and this, in turn, has sparked immense price volatility. Within three years of the digital currencies inception, the price of a single Bitcoin zoomed to around 1,200 USD. Currently, the Bitcoin is traded at more than 3,500 USD.
Forex brokers acknowledged the cryptocurrency as a valid currency and started accepting payments in Bitcoins in 2013. They have also made it possible for traders to execute trades in Bitcoins. This digital currency is often traded against fiat currencies such as the USD and euro. As the concept is relatively new, there is only a limited number of best regulated Bitcoin forex brokers as of now. However, this has made it easier for some traders who do not want to disclose their card or bank details to the forex brokers to fund their accounts through Bitcoins.
Regulated FX Brokers That Accept Bitcoin for Deposits/WD
| Broker | Min Deposit | Spread | Leverage | Regulation | Open Account |
|---|---|---|---|---|---|
 | $1 | From 0 Pips | 2000:1 | FCA UK, CySEC, FSP, BaFin, CRFIN | Visit Broker |
 | 0 | Non-Spread, Fee 0.1% Per Trade | Non-Leverage | - | Visit Broker |
 | $0 | Starting 0 Pips | 500:1 | ASIC, FCA, DFSA, The Financial Commission | Visit Broker |
 | $100 | Starting 0 Pips | 500:1 | ASIC, CySEC, FSCA, FSA, FSC | Visit Broker |
 | $300 | floating, from 0 pips | 500:1 | FCA UK reference number 579202 | Visit Broker |
 | $5 | Starting 0.1 pips | up to 1000:1 | MFSA, Labuan FSA, BVI FSC, VFSC | Visit Broker |
 | $250 | as low as 0.1 pips | up to 400:1 | ASIC Australia and FCA UK | Visit Broker |
 | $1 | Fixed Spread From 3 Pips | Up to 1:1000 | BVI FSC | Visit Broker |
Top Regulated Forex Brokers That Offer Bitcoin (BTC/USD) Trading
| Broker | Info | Bonus | Open Account |
|---|---|---|---|
 | Min Deposit: $5 Spread: From 0.2 Pips Leverage: 1000:1 Regulation: Mwali International Services Authority | 50% Deposit Bonus, Copy trading, Trade&Win. | Visit Broker |
| | Min Deposit: $1 Spread: From 0 Pips Leverage: 2000:1 Regulation: FCA UK, CySEC, FSP, BaFin, CRFIN | 35% of the account Deposit | Visit Broker |
 | Min Deposit: $1 Spread: From 0 Pips Leverage: 3000:1 Regulation: CySEC, ASIC, IFSC | $100 No-Deposit Bonus, 100% Deposit Bonus | Visit Broker |
| | Min Deposit: 0 Spread: Non-Spread, Fee 0.1% Per Trade Leverage: Non-Leverage Regulation: - | Visit Broker | |
| | Min Deposit: $0 Spread: Starting 0 Pips Leverage: 500:1 Regulation: ASIC, FCA, DFSA, The Financial Commission | Visit Broker | |
| | Min Deposit: $100 Spread: Starting 0 Pips Leverage: 500:1 Regulation: ASIC, CySEC, FSCA, FSA, FSC | Visit Broker | |
| | Min Deposit: $300 Spread: floating, from 0 pips Leverage: 500:1 Regulation: FCA UK reference number 579202 | Visit Broker | |
| | Min Deposit: $5 Spread: Starting 0.1 pips Leverage: up to 1000:1 Regulation: MFSA, Labuan FSA, BVI FSC, VFSC | Visit Broker | |
 | Min Deposit: $200 Spread: Starting 0 Pips Leverage: 500:1 Regulation: ASIC Australia, FCA UK | Visit Broker | |
  | Min Deposit: $100 Spread: Starting 0 Pips Leverage: up to 400:1 Regulation: FCA UK, NFA, CFTC, ASIC, IIROC, FSA, CIMA | Visit Broker | |
 | Min Deposit: no minimum deposit Spread: 1.2 pips Leverage: 50:1 Regulation: CFTC, NFA, FCA, MAS, ASIC, IIROC | Visit Broker | |
 | Min Deposit: $200 Spread: From 3 Pips Leverage: 400:1 Regulation: NFA, FCA, CySec | Visit Broker | |
 | Min Deposit: $100 Spread: Starting 0 Pips Leverage: up to 500:1 Regulation: FCA UK, ASIC Australia, MAS Singapore | Visit Broker |
The production of Bitcoin is limited to 21 million. It is expected that this will be achieved by 2040. As the price of the Bitcoin fluctuates all the time, traders have to do both fundamental and technical analysis in order to decide as to when they can buy or sell the world’s first decentralized currency. Though there are a number of online exchanges where traders can buy Bitcoins in exchange for USD, euro, or other currencies, Bitcoins are often traded through the online platforms of a few reliable forex brokers.
Among forex brokers, the penetration level of Bitcoin is the lowest when compared with the other online payment options. However, Bitcoin offers the highest level of security and an opportunity for making payments without disclosing identity. This is unique compared to any of the other existing payment options. Most e-wallets require traders to verify their identity by means of bank transfers, credit cards, or other documents. On the other hand, Bitcoin account holders can access their accounts without the need to go through any identification procedure.
As forex brokers ask for a number of identification documents from the trader when opening an account on their platform, the process involved in creating a new Bitcoin account for funding the trader’s account is a complicated and tedious. Therefore, the anonymity associated with Bitcoin seldom works when it comes to trading currencies. This is to say that it works only if the trader wants to trade currencies without making withdrawals. Regulators also want brokers to obtain a lot of information from their clients prior to allowing them to trade currencies. As such, it is sensible to choose an online forex broker that accepts Bitcoins only if the trader has Bitcoins in his/her account and want to fund his/her trading account through Bitcoins.
Having said this, here are some of the best regulated Bitcoin forex brokers you can consider working with:
#1: FXOpen UK
In 2013, FXOpen launched its online trading platform. FXOpen UK, forex broker based in London, is regulated by the Financial Conduct Authority in the UK.
Broker Type – ECN/STP
Regulation – FCA, UK
Platforms – Three versions of MT4
Minimum Deposit – $300
Deposit Options – Bank Wire Transfer, Credit/Debit Cards, WebMoney, Neteller, Skrill, Payza
Cryptocurrency Trading: Bitcoin, Ethereum, Litecoin, Namecoin and Peercoin against USD, GBP, or EUR; Total 24 pairs
Maximum Leverage – 500:1
Minimum Lot Size – 0.01
Spreads – Variable
Lowest Spreads for EUR/USD – Starts from 0 pips
#2: Pepperstone
Pepperstone, an execution-only forex as well as Australia CFD broker, provides trading solutions that cater to both veteran and novice traders. Founded in 2010, the company has its headquarters located in Melbourne, Australia. The company has offices in Shanghai, China, and Dallas, USA.
Broker Type – Electronic Communication Network/Straight Through Processing and Direct Market Access/Straight Through Processing
Regulation – Australian Securities and Investments Commission (ASIC), Financial Conduct Authority (FCA), U.K.
Platforms – MetaTrader 4, cTrader
Minimum Deposit – $200
Deposit Options – Bank Wire, Debit Card, Credit Card, WebMoney, Neteller, FasaPay, Skrill, BPAY, POLi, QIWI, PayPal, UnionPay(China), etc.
Cryptocurrency Trading: BTC/USD with a leverage of 20:1
Maximum Leverage – 400:1
Minimum Lot Size – 0.01
Spreads – Variable
Lowest Spreads for EUR/USD – more than 0.5 pips for Mini and Standard; more than 0.1 pips for ECN
#3: Avatrade
AvaTrade, a pioneer in the field of online forex trading from 2006 onwards, was created for the purpose of providing great online trading experience to retail traders. Within a short time, AvaTrade had more than 20,000 registered customers executing over 2,000,000 trades in a month around the globe. The total value of trades surpasses $60 billion in a month.
Broker Type – Market Maker
Regulation – Australian Securities and Investments Commission (ASIC); Central Bank of Ireland; Financial Futures Association, Japan; Financial Services Board (FSB), South Africa and Israel Securities Authority (ISA)
Platforms – MetaTrader 4, AvaTrader
Minimum Deposit – $100
Deposit Options – Bank Wire, PayPal, WebMoney, Skrill, Credit Card, Neteller, Prepaid Master Card, etc.
Cryptocurrency Trading: Instruments in BTC, ETH, Ripple, Dash, LiteCoin, Bitcoin CFDs
Maximum Leverage – 400
Minimum Lot Size – 0.05
Spreads – Fixed
Lowest Spreads for EUR/USD – 3
#4: Plus500
The forex trading platform of Plus500, founded in 2008, is provided by Plus500CY Ltd., which is a company based in Cyprus and has its headquarters in Limassol. Plus500 offers CFDs on shares, commodities, indices, forex, etc.
Broker Type – Market Maker
Regulation – Cyprus Securities and Exchange Commission (CySEC), Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC)
Platforms – Windows Trader, WebTrader
Minimum Deposit – $100
Deposit Options – Bank Wire, PayPal, Credit Card, Skrill, etc.
Cryptocurrency Trading: BTC/USD, ETH/USD, XRP/USD, LTC/USD, DSH/USD, XEM/USD
Maximum Leverage – 50:1
Minimum Lot Size – 0.01
Spreads – Fixed
Lowest Spreads for EUR/USD – 2
#5: Etoro
eToro, an online forex broker, offers trading in currencies, indices, commodities and CFD stocks. More than 4.5 million users from over 170 countries around the world make use of the online forex broker’s website. Founded in 2006 in Tel Aviv, the multi-asset brokerage company has registered offices in Israel, the United Kingdom, and Cyprus. One of the key features of eToro is the social investment platform with Copy-Trading feature that it offers. On their platform, you can trade and invest in Stocks, Indices, Commodities and Currencies CFDs.
Broker Type – Market Maker
Regulation – Cyprus Securities and Exchange Commission (CySEC), Markets in Financial Instruments Directive (MiFID), Commodity Futures Trading Commission (CFTC), Financial Conduct Authority (FCA), National Futures Association (NFA), Australian Securities and Investments Commission (ASIC)
Platforms – eToro OpenBook, eToro WebTrader, eToro Mobile Trader
Minimum Deposit – $50
Deposit Options – Bank Wire Transfer, Credit/Debit Card, Skrill, Moneygram, PayPal, Neteller, Webmoney, Western Union
Cryptocurrency Trading: BTC, ETH, XRP, LTC, DSH, XEM
Maximum Leverage – 400:1
Minimum Lot Size – 0.01
Spreads – Fixed
Lowest Spreads for EUR/USD – 3