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Best Bitcoin Cash Trading Brokers 2021

Bob Mason
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For investors and traders looking to enter the crypto world and trade via a crypto broker, there are a number of key considerations that must be made in the selection process.

The first and most obvious decision is on which cryptos you wish to invest or which pairings you wish to trade.

With the crypto market becoming more sophisticated, you will also need to decide on whether to invest in actual cryptos or derivative products.

These considerations will reduce the number of crypto brokers that can meet your trading requirements.

At this juncture, you will then need to decide on which broker offerings are most important in your selection criteria. Such characteristics can include spreads, reputation, deposit and withdrawal options, and minimum deposit requirements.

The brokers below represent the best Bitcoin Cash Trading Brokers.

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BrokerOfficial SiteRegulationsMin DepositMax LeverageTrading PlatformsFoundation YearPublicly TradedTrading Desk TypeCurrenciesCommoditiesIndicesStocksCryptoCommission on tradesFixed spreadsoffers promotions
FP Markets
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DISCLAIMER: This material on this website is intended for illustrative purposes and general information only. It does not constitute financial advice nor does it take into account your investment objectives, financial situation or particular needs. Commission, interest, platform fees, dividends, variation margin and other fees and charges may apply to financial products or services available from FP Markets. The information in this website has been prepared without taking into account your personal objectives, financial situation or needs. You should consider the information in light of your objectives, financial situation and needs before making any decision about whether to acquire or dispose of any financial product. Contracts for Difference (CFDs) are derivatives and can be risky; When trading CFDs you do not own or have any rights to the CFDs underlying assets. FP Markets recommends that you seek independent advice from an appropriately qualified person before deciding to invest in or dispose of a derivative. A Product Disclosure Statement for each of the financial products available from FP Markets can be obtained either from this website or on request from our offices and should be considered before entering into transactions with us. First Prudential Markets Pty Ltd (ABN 16 112 600 281, AFS Licence No. 286354). FP Markets is a group of companies which include, First Prudential Markets Ltd (registration number HE 372179), a company authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC License number 371/18, Registered Address: Griva Digeni, 109, Aigeo Court, 2nd floor, 3101, Limassol, Cyprus. FP Markets does not accept applications from U.S, Japan or New Zealand residents or residents from any other country or jurisdiction where such distribution or use would be contrary to those local laws or regulations.

ASIC, CySEC

$100

1:500 (ASIC), 1:500 (CySEC)

MT4, MT5, IRESS, WebTrader

2005

DMA, ECN, No dealing desk, STP

Eightcap
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Margin trading involves a high level of risk, and may not be suitable for all investors. You should carefully consider your objectives, financial situation, needs and level of experience before entering into any margined transactions with Eightcap, and seek independent advice if necessary. Forex and CFDs are highly leveraged products which mean both gains and losses are magnified. You should only trade in these products if you fully understand the risks involved and can afford losses without adversely affecting your lifestyle (including the risk of losing substantially more than your initial investment). A Product Disclosure Statement (PDS) and a Financial Services Guide (FSG) for our products are available to download from our Legal Documentation page. You must assess and consider them carefully before making any decision about using our products or services.

ASIC, VFSC

$100

1:500 (ASIC), 1:500 (VFSC)

MT5

2009

Market Maker

Plus500
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72% of retail CFD accounts lose money.

FCA, ASIC, CySEC, FSB, ISA, MAS

$100

1:30 (FCA), 1:30 (ASIC), 1:30 (CySEC), 1:30 (FSB), 1:30 (ISA), 1:30 (MAS)

Plus500

2008

No dealing desk

eToro
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67% of retail CFD investors lose money

FCA, ASIC, CySEC, MiFID

$200

1:30 (FCA), 1:30 (ASIC), 1:30 (CySEC), 1:30 (MiFID)

eToro Platform

2007

Market Maker, No dealing desk, STP

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.


FP Markets

FP Markets

Regulated By:ASIC, CySEC

Foundation Year:2005

Headquarters:Australia

Min Deposit:$100

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DISCLAIMER: This material on this website is intended for illustrative purposes and general information only. It does not constitute financial advice nor does it take into account your investment objectives, financial situation or particular needs. Commission, interest, platform fees, dividends, variation margin and other fees and charges may apply to financial products or services available from FP Markets. The information in this website has been prepared without taking into account your personal objectives, financial situation or needs. You should consider the information in light of your objectives, financial situation and needs before making any decision about whether to acquire or dispose of any financial product. Contracts for Difference (CFDs) are derivatives and can be risky; When trading CFDs you do not own or have any rights to the CFDs underlying assets. FP Markets recommends that you seek independent advice from an appropriately qualified person before deciding to invest in or dispose of a derivative. A Product Disclosure Statement for each of the financial products available from FP Markets can be obtained either from this website or on request from our offices and should be considered before entering into transactions with us. First Prudential Markets Pty Ltd (ABN 16 112 600 281, AFS Licence No. 286354). FP Markets is a group of companies which include, First Prudential Markets Ltd (registration number HE 372179), a company authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC License number 371/18, Registered Address: Griva Digeni, 109, Aigeo Court, 2nd floor, 3101, Limassol, Cyprus. FP Markets does not accept applications from U.S, Japan or New Zealand residents or residents from any other country or jurisdiction where such distribution or use would be contrary to those local laws or regulations.

FP Markets was founded in 2005 and is regulated by the Australian Securities and Investments Commission (ASIC), offering segregation of client funds and top tier liquidity. FP Markets is a group of companies that includes First Prudential Markets Ltd which is authorised and regulated by the Cyprus Securities and Exchange Commission.

The broker offers the ability to trade on more than 13,000+ financial instruments covering Forex, Equities (Share CFD’s), Metals, Commodities, Indices and Cryptocurrency CFDs. Users have access to a range of accounts including the Standard Account (commission-free) and Raw Account (commission-based) for MetaTrader users, both offering ECN pricing and maximum leverage of 500:1. Users can also access Iress Accounts which are commission-based.

Pros: Cons:
  • ASIC regulated.
  • ECN pricing and DMA trading available.
  • 10,000+ tradable financial instruments.
  • Wide range of trading platforms and trading tools available.
  • Excellent customer support and education tools.
  • The volume of choice of markets and accounts may be overwhelming for beginner traders.

Eightcap

Eightcap

Regulated By:ASIC, VFSC

Foundation Year:2009

Headquarters:Australia

Min Deposit:$100

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Margin trading involves a high level of risk, and may not be suitable for all investors. You should carefully consider your objectives, financial situation, needs and level of experience before entering into any margined transactions with Eightcap, and seek independent advice if necessary. Forex and CFDs are highly leveraged products which mean both gains and losses are magnified. You should only trade in these products if you fully understand the risks involved and can afford losses without adversely affecting your lifestyle (including the risk of losing substantially more than your initial investment). A Product Disclosure Statement (PDS) and a Financial Services Guide (FSG) for our products are available to download from our Legal Documentation page. You must assess and consider them carefully before making any decision about using our products or services.

Eightcap Pty Ltd was founded in 2009 in Australia. The broker is authorised and regulated by the Australian Securities and Investments Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC).

The broker offers clients the ability to trade on more than 300+ financial CFD instruments covering Forex, Indices, Commodities, Shares and Cryptocurrencies through the MetaTrader 4 and MetaTrader 5 trading platforms for Web (MT5 only), PC, MAC and Mobile.

Pros: Cons:
  • ASIC regulated.
  • Commission-free trading available with competitive spreads.
  • 200+ financial CFD instruments.
  • MetaTrader 4 and MetaTrader 5 available.
  • VFSC regulated.

Plus500

Plus500

Regulated By:FCA, ASIC, CySEC, FSB, ISA, MAS

Foundation Year:2008

Headquarters:Israel

Min Deposit:$100

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72% of retail CFD accounts lose money.

Plus500 was founded in 2008 and is the main sponsor of football club Atlético Madrid. The Plus500 trading platform is offered by Plus500 Ltd which is authorised and regulated by the UK Financial Conduct Authority and is also a subsidiary of Plus500 Ltd which is a publicly-traded company listed on the London Stock Exchange.

The broker’s trading platform is available in more than 50 countries and is authorised and regulated around the world by the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC), the Monetary Authority of Singapore (MAS) and the Israel Securities Authority (ISA), among others.

Pros: Cons:
  • Multiple regulations from around the world – FCA, CySEC, ASIC, MAS, ISA.
  • More than 2,500+ CFDs to trade on, covering multiple asset classes.
  • Commission-free trading.
  • Simple to use proprietary trading platform.
  • Multilingual customer support 24/7.
  • No phone support offered.
  • Lack of market news and trader education.

*Availability subject to regulation.

eToro

eToro

Regulated By:FCA, ASIC, CySEC, MiFID

Foundation Year:2007

Headquarters:Cyprus

Min Deposit:$200

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67% of retail CFD investors lose money

eToro is an online trading platform that was founded in 2007 by the Assia siblings and their friend David Ring in Tel Aviv, Israel. Formerly known as RetailFX, eToro is the pioneering online broker for social trading. Their Openbook social trading platform in fact changed the nature of the way beginner online traders can trade the financial markets. It made the markets accessible to everyone, no matter what their level of experience by creating a user-friendly environment and allowing traders to copy the trades of other traders’ strategies automatically.

Pros

  • Highly regulated broker (FCA, CySEC and ASIC)
  • Innovative trading platform
  • Wide range of assets to trade with
  • Ability to earn 2% management fee as an Investor trader
Cons

  • Spreads are higher than average
  • Does not have the MetaTrader platform

Bitcoin Cash

Bitcoin Cash is a virtual currency and blockchain stemming from a Bitcoin hard fork back in August 2017.

A battle between Bitcoin’s developers and miners resulted in a fork that increased the size of the blocks. The increase in block size permitted more transactions per second, making it a more viable alternative to the likes of Visa.

Best Bitcoin Cash Brokers by Volume

In selecting the most appropriate broker, liquidity and a wide customer base must be key considerations. Alongside liquidity and a wide customer base, the broker must also have a sound reputation and solid track record.

Therefore, some of the key considerations in identifying an appropriate Bitcoin Cash broker should include:

  • Deposit and withdrawal Control: Brokers with favorable deposit and withdrawal controls would suggest a more liquid broker. Key areas to consider include:
    • Guarantees the timely withdrawal of funds. Lengthy withdrawal times could highlight liquidity concerns.
    • Supports deposits and withdrawals with minimal to no fees and low minimums amounts.
    • Multiple funding and withdrawal options including crypto and fiat money.
  • International Player: A global presence would not only deliver a wider client base but also ensure multi-time zone brokerage services. A wider client base delivers greater liquidity and speed of trade execution.
  • Regulatory landscape: Depending upon your jurisdiction, choosing a broker within a tightly regulated jurisdiction is advisable. Tighter regulations ensure appropriate measures to protect investors and their assets.

Once you have considered the most appropriate brokers for BCH/USDT and BCH/USD pairs, you can then consider other key attributes of a broker.

Broker Selection Criteria

There are a number of key broker characteristics that should form part of the selection criteria. These must include:

  • Execution Speed: We would recommend avoiding brokers that do not ensure the fast execution of orders. The crypto market is a particularly volatile one. Slow execution of orders could result in sizeable losses.
  • Fees and Spreads: Fees and spreads are also key considerations. Punitive spreads and deposit and withdrawal fees will impact earnings or exasperate losses. At a minimum, Brokers should offer:
    • A combination of low withdrawal and deposit fees.
    • Low CFD Commission fees.
    • Minimal transaction fees.

Additionally,

    • Inactivity fees: Brokers may charge fees for inactivity. Be aware of this.
  • Funding Options: Brokers should offer a broad range of funding options. These should include payment via bank transfers, credit cards, and PayPal.
  • Minimum Deposit: Brokers who have low minimum deposits would likely have a wider customer base. This would, in turn, deliver greater liquidity and faster execution order times.
  • Reputation: It is advisable to select a broker with a good reputation and long track record relative to its peers. Generally, we would recommend that you choose brokers with track records of 3-years or greater.
  • Security: You should research the brokers and select a broker that has a high emphasis on security. Ideally, the broker should also have no history of being hacked. Some important security measures include:
    • 2-Factor Authentication.
    • Email verification for withdrawals.
    • Pin verification for withdrawals and changes to passwords, etc.
  • Support: 24-7 customer support is essential. Brokers should provide support via:
    • Live Chat.
    • Phone.
    • Email.

Other Factors for Consideration

Indicators: While the majority of brokers will provide technical and fundamental analysis, the offer of advanced charts with an array of indicators to support technical analysis is important. For more advanced traders, this will likely form part of the decision making process.

Platform: At a minimum, platforms on offer must include demo accounts, MT4, Web Trader. These should also be mobile and tablet compatible. The crypto market is a 24-hour, 7-days per week trading market. You should, therefore, avoid brokers that don’t support 24-7 trading.

Risk Management: In order to manage risk, the broker should offer guaranteed stop loss and take profit. There are a number of brokers that do not offer this.

Simplicity: Platforms should be simple to navigate, particularly for the more novice investor. Signing up with a more technical broker will have its pitfalls. Ensure that you trial demo accounts before making any commitments.

Trader Resource Offerings: Brokers should provide their client base with:

  • Free technical and fundamental analysis.
  • Tutorials and other detailed training material.

Ultimately, it is important to identify a priority list of “must-haves” from the above and carry out due diligence before making any commitment.

Crypto Product Selection

One final consideration is whether to trade actual cryptos or crypto derivative contracts. Derivative contracts would include CFDs and Futures.

Each has its own advantages and disadvantages. For those looking for enhanced earnings, brokers tend to offer leverage when trading derivatives. In the volatile world of crypto, the added advantage of derivate products is that you can go both long and short.

For those looking to trade Bitcoin Cash through CFDs and other derivative products, the following offer derivatives trading:

It is worth noting that some brokers do not permit U.S clients to trade. Due to regulatory requirements, there may be other restrictions depending upon your jurisdiction.

Upon selection of your broker, do ensure that you set up cold wallets. This allows you to safely store any idle Bitcoin Cash that you purchase. Brokers may offer custodial services. This does come at your own risk, however, should the broker provide no guarantees. If trading via derivatives contracts, you would not require crypto wallet storage.

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