Best Forex Brokers Accepting Bitcoin 2020

Last Update: Jan 20, 2020 01:56 PM GMT

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Ready to start using your Bitcoin to fund your trading account? If so we have compiled a useful list of the very best Forex brokers that accept this payment method. Our brokers are recommended based on our in depth research that looks at service, offering and security as well as from our user reviews.

Pro Tip: Most of these brokers offer free demo accounts so you can test the brokers and their platforms with virtual money. Give it a try with some play money before using your own cash.

Note: Not all Forex brokers accept US clients. For your convenience we specified those that accept US Forex traders as clients

FXTM

4.2

By 29 User Reviews

FXTM Review

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90% of retail CFD accounts lose money

HotForex

4.6

By 24 User Reviews

HotForex Review

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HF Markets (SV) Ltd is incorporated in St. Vincent & the Grenadines as an International Business Company with the registration number 22747 IBC 2015. The objects of the Company are all subject matters not forbidden by International Business Companies (Amendment and Consolidation) Act, Chapter 149 of the Revised Laws of Saint Vincent and Grenadines, 2009, in particular but not exclusively all commercial, financial, lending, borrowing, trading, service activities and the participation in other enterprises as well as to provide brokerage, training and managed account services in currencies, commodities, indexes, CFDs and leveraged financial instruments. Risk Warning: Trading Leveraged Products such as Forex and Derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice. Please read the full Risk Disclosure.

OctaFX

4.2

By 25 User Reviews

OCTAFX Review

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Your capital is at risk

Best Accepting Bitcoin Brokers Comparison Table

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Rating	Official Site	Regulations	Min Deposit	Max Leverage	Trading Platforms	Foundation Year	Trading Desk Type	Official Site
4.2/5 By 29 User Reviews	Visit Broker> 90% of retail CFD accounts lose money	CySEC, FCA, FSC	$10	1:30	MT4, MT5	2011	No dealing desk	Visit Broker> 90% of retail CFD accounts lose money
4.6/5 By 24 User Reviews	Visit Broker> HF Markets (SV) Ltd is incorporated in St. Vincent & the Grenadines as an International Business Company with the registration number 22747 IBC 2015. The objects of the Company are all subject matters not forbidden by International Business Companies (Amendment and Consolidation) Act, Chapter 149 of the Revised Laws of Saint Vincent and Grenadines, 2009, in particular but not exclusively all commercial, financial, lending, borrowing, trading, service activities and the participation in other enterprises as well as to provide brokerage, training and managed account services in currencies, commodities, indexes, CFDs and leveraged financial instruments. Risk Warning: Trading Leveraged Products such as Forex and Derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice. Please read the full Risk Disclosure.	CySEC, DFSA, FCA, FSA, FSCA	$5	1:1000	MT4, MT5	2010	ECN, STP	Visit Broker> HF Markets (SV) Ltd is incorporated in St. Vincent & the Grenadines as an International Business Company with the registration number 22747 IBC 2015. The objects of the Company are all subject matters not forbidden by International Business Companies (Amendment and Consolidation) Act, Chapter 149 of the Revised Laws of Saint Vincent and Grenadines, 2009, in particular but not exclusively all commercial, financial, lending, borrowing, trading, service activities and the participation in other enterprises as well as to provide brokerage, training and managed account services in currencies, commodities, indexes, CFDs and leveraged financial instruments. Risk Warning: Trading Leveraged Products such as Forex and Derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice. Please read the full Risk Disclosure.
4.2/5 By 25 User Reviews	Visit Broker> Your capital is at risk	CySEC	$5	1:500	cTrader, MT4, MT5	2011	ECN, STP	Visit Broker> Your capital is at risk

How Does Bitcoin Work?

Bitcoin transactions require the use of wallets. All Bitcoin users’ wallets are assigned unique addresses. Transactions are recorded on the Blockchain.

Bitcoin can be transferred from one user’s wallet to another. Therefore, forex brokers who accept Bitcoin will be required to accept deposits by having the trader transfer BTC to their wallet. In the same vein, Bitcoin withdrawals by traders involve the transfer of BTC from the broker’s wallet to the trader’s wallet.

Why Use Bitcoin as Your Deposit/Withdrawal Method?

Bitcoin can serve as a good means of deposits and withdrawal. Mmost brokers that accept Bitcoin for deposits and withdrawal also allow the trader to trade BTC. Bitcoin is presently in limited supply and forex trading of BTC allows traders to get their hands on this cryptocurrency without having to mine it for themselves. Mining BTC is presently very expensive, consumes a lot of power and requires specialized equipment, which most traders do not have. So rather than go mining BTC or trading it on Bitcoin wallets, why not get more of it by trading it on the forex platforms and then withdrawing it to your BTC wallets?

There are Bitcoin exchanges all over the place and people are making money buying and selling Bitcoin. Any extra money you make from your forex broker can be withdrawn and sold for cash. Unlike other digital wallets, the BTC you withdraw from your forex account can increase in value over time and you will make more from selling it when the value increases.

Benefits of Choosing a Broker that Accepts Bitcoin

Here are the benefits of choosing a broker that accepts Bitcoin:

Bitcoin is one of the most secure non-fiat currency platforms as transactions must undergo a host of confirmatory processes before approval, all done with minutes. The security of this cryptocurrency makes it a favoured means of transaction.
If your broker accepts Bitcoin and also provides BTC asset for trading (as BTC/USD), you have access to charts and technical tools to know when the price is headed up or down. You know exactly when to trade.
It is very easy to create a Bitcoin wallet which is used to fund your forex account. Deposit and withdrawal transactions are easy and can be concluded in minutes.

How to Pick a Decent Broker That Accepts Bitcoin

It is very easy to find out forex brokers that accept Bitcoin. These are the ways to go about it:

Visit the Banking page of the brokers you intend to do business with and check if Bitcoin is one of the accepted payment methods. The same information can be obtained from the Frequently Asked Questions (FAQ) page.
You may decide to check online to get a list of Bitcoin-accepting forex brokers, then use this list to perform the checks listed in point (a) above.

PayPal Chargeback on Broker Account

Any forex transactions conducted with Bitcoin and transmitted through the Bitcoin network are usually irreversible and final. This is done by design to ensure that those who receive payments with Bitcoin are sure that their money will forever be in their possession. This design came on board before forex brokers started to accept Bitcoin for forex transactions, and unfortunately no modifications or exceptions can be made at this time.

Conclusion

Are you using Bitcoin to fund your brokers trading account? If so then you’ve come to the right place. Our brokers list outlines the very best brokers that accept the funding of Bitcoin.

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