| Broker | Features | More Details |
|---|---|---|
  FeaturedGo to XTB | Excellent 24-hour customer service. More than 3000 instruments to trade. Free webinars.(*) Warning: Your capital is at risk. 77% of retail CFD accounts lose money. Demo Account: Yes Minimum Deposit: 0 €/$ Trading Platforms: xStation5, iOS App, Android App. Execution: Market Maker / STP Regulation:  FCA, CNMV and IFSCWeb Page: https:/www.xtb.com | Broker: XTB Headquarters: London, United Kingdom Broker Type: Forex and CFDs Broker Trading Instruments: More than 3000 instruments such as CFDs on Forex, crypto-currencies, commodities, indices and stocks. In Europe spot stocks and ETFs. Payment Methods for Deposits and Withdrawals: Credit and Debit Cards, Bank Transfer, Paypal, Skrill (MoneyBookers), Neteller |
 FeaturedGo to Pepperstone | Spreads from 0 pips. Ultra fast execution (less than 30 milliseconds). Perfect for scalping and automatic trading. Demo Account: Yes Minimum Deposit: 100 €/$ Trading Platforms: MetaTrader 4, MetaTrader 5, cTrader. Execution: STP / ECN Regulation: FCA, ASIC, CySEC, DFSA, CMA and SCBWeb Page: https://www.pepperstone.com | Broker: Pepperstone Headquarters: London, United Kingdom Broker Type: Forex and CFDs Broker Trading Instruments: Wide range of Forex currencies with more than 180 pairs, crypto currencies, commodities, gold, silver, oil, a selection of American stocks, indices,... Payment Methods for Deposits and Withdrawals: Credit and Debit Cards, Bank Transfer, Skrill (MoneyBookers), Neteller |
 FeaturedGo to eToro | World leader in social trading. You can copy the best investors automatically.(*) Warning: 67% of retail CFD accounts lose money. Demo Account: Yes, unlimited Minimum Deposit: 200 $ Trading Platforms: WebTrader, iOS App, Android App. Execution: Market Maker Regulation: FCA, CySEC and ASICWeb Page: https://www.etoro.com | Broker: eToro Headquarters: Limassol, Cyprus Broker Type: Forex Broker, CFDs Broker and Social Trading Trading Instruments: Wide range of crypto currencies (more than 90 available), ETFs, shares of companies from different sectors and countries, raw materials (such as Gold, Silver, Oil), main stock exchange indexes (Spain, United States, Germany, France, United Kingdom, Switzerland,...) and more than 45 currency pairs in the Forex market. Payment Methods for Deposits and Withdrawals: Credit and Debit Cards, Bank Transfer, Skrill (MoneyBookers), Paypal, Neteller, Klarna |
 Go to Plus500 | More than 2,000 CFD instruments to trade.(*) Warning: 72% of retail CFD accounts lose money. Demo Account: Yes, unlimited Minimum Deposit: 100 €/$ Trading Platforms: WebTrader, iOS App, Android App. Execution: Market Maker Regulation: FCA, CySEC, ASIC, FSCA and FSAWeb Page: https://www.plus500.com | Broker: Plus500 Headquarters: Israel Broker Type: CFDs Broker Trading Instruments: More than 2,000 instruments: CFDs on shares (wide catalogue of shares from the USA, Spain, Germany, the United Kingdom, France,...), stock market indices, currencies (more than 60 currency pairs on the Forex market), commodities (gold, silver, oil,...), the most popular cryptocurrencies, options and listed investment funds (ETFs). Payment Methods for Deposits and Withdrawals: Credit and Debit Cards, Bank Transfer, Skrill (MoneyBookers), Paypal |
 Go to AvaTrade | 5 international regulations. 4 trading platforms to choose. Demo Account: Yes Minimum Deposit: 100 €/$ Trading Platforms: WebTrader, MetaTrader 4, MetaTrader 5, iOS App, Android App. Execution: Market Maker Regulation: Central Bank of Ireland, ASIC, BVI, FSCA and FSAWeb Page: www.avatrade.com | Broker: AvaTrade Headquarters: Dublin, Ireland Broker Type: Forex and CFDs Broker Trading Instruments: Forex market with more than 50 currency pairs Crypto-currencies such as Bitcoin, Ethereum,... CFDs on indices from more than 20 countries. Commodities. More than 100 popular shares of companies listed on the NYSE, NASDAQ, DAX, IBEX and many more. ETFs. Government bonds from the US, Japan and European countries. Payment Methods for Deposits and Withdrawals: Credit and Debit Cards, Bank Transfer, Skrill (MoneyBookers), Neteller, Klarna |
 Go to IQ Option | Very intuitive app with more than 10 million downloads. 7 free deposit methods with no fees. Demo Account: Yes, unlimited Minimum Deposit: 10 €/$ Trading Platforms: WebTrader, iOS App, Android App. Execution: Market Maker Regulation: CySECWeb Page: https://www.iqoption.com | Broker: IQ Option Headquarters: Limassol, Cyprus Broker Type: Forex and CFDs Broker Trading Instruments: Major currency pairs in the Forex market (over 45 crosses), crypto-currencies, CFDs on shares of large international companies, commodities and ETFs. Payment Methods for Deposits and Withdrawals: Credit and Debit Cards, Bank Transfer, WebMoney, Skrill (MoneyBookers), Neteller, Klarna |
 Go to IC Markets | Spreads from 0 pips. Real interbank liquidity (up to 50 sources). Perfect for high volumes, scalping and robots. Demo Account: Yes, unlimited Minimum Deposit: 200 $ Trading Platforms: MetaTrader 4, MetaTrader 5, cTrader. Execution: ECN Regulation: ASIC, CySEC and FSAWeb Page: https://www.icmarkets.com | Broker: IC Markets Headquarters: Australia Broker Type: Forex and CFDs Broker Trading Instruments: 60 Forex currency pairs. Crypto-currencies. CFDs on 17 stock indices, commodities and shares. Futures. Bonds issued by governments around the world. Payment Methods for Deposits and Withdrawals: Credit and Debit Cards, Bank Transfer, Skrill (MoneyBookers), Neteller, Paypal, Klarna, Bitcoin |
 Go to FP Markets | Demo Account: Yes Minimum Deposit: 100 €/$ Trading Platforms: MetaTrader 4, MetaTrader 5, IRESS. Execution: ECN Regulation: ASIC and CySECWeb Page: https://www.fpmarkets.com | Broker: FP Markets Headquarters: Sidney, Australia Broker Type: Forex and CFDs Broker Trading Instruments: Over 50 most popular Forex currency pairs and CFD on shares, stock indices, metals, commodities, energies and crypto-currencies. Payment Methods for Deposits and Withdrawals: Credit and Debit Cards, Bank Transfer, Paypal, Skrill (MoneyBookers), Neteller, FasaPay |
 Go to Libertex | (*) Warning: 83% of retail CFD accounts lose money. Demo Account: Yes, unlimited Minimum Deposit: 100 €/$ Trading Platforms: MetaTrader 4, WebTrader, iOS App, Android App. Execution: Market Maker Regulation: CySECWeb Page: https://www.libertex.com | Broker: Libertex Headquarters: Limassol, Cyprus Broker Type: Forex and CFDs Broker Trading Instruments: More than 50 currency pairs in the Forex market, main world stock exchange indexes (from the United States, Europe, Asia, the Middle East and Latin America), more than 100 shares of large companies worldwide and other instruments such as crypto currencies, oil, gas, gold, silver, copper, platinum, agricultural commodities,... Payment Methods for Deposits and Withdrawals: Credit and Debit Cards, Bank Transfer, Skrill (MoneyBookers), Neteller |
 Go to Axi | Demo Account: Yes Minimum Deposit: 0 €/$ Trading Platforms: MetaTrader 4. Execution: Market Maker Regulation: FCA, ASIC, FSA and DFSAWeb Page: https://www.axi.com | Broker: Axi Headquarters: Sydney, Australia Broker Type: Forex and CFDs Broker Trading Instruments: More than 140 instruments: Forex currency pairs, crypto currencies, CFDs on commodities, gold and silver, oil, indices,... Payment Methods for Deposits and Withdrawals: Credit and Debit Cards, Bank Transfer, Skrill (MoneyBookers), Neteller |
 Go to OctaFX | Demo Account: Yes, unlimited Minimum Deposit: 5 €/$ Trading Platforms: MetaTrader 4, MetaTrader 5, cTrader. Execution: STP / ECN Regulation: FSAWeb Page: https://www.octafx.com | Broker: OctaFX Headquarters: Saint Vincent and the Grenadines Broker Type: Forex Broker Trading Instruments: 28 Forex currency pairs, crypto currencies, gold and silver, CFDs on stock indices and shares. Payment Methods for Deposits and Withdrawals: Perfect Money, Bitcoin |
What are the best brokers to buy Bitcoins?
Bitcoin (BTC) is currently the most important cryptocurrency in the world (the one with the largest market capitalisation by far), setting the course for the entire cryptocurrency market. Investment in Bitcoin is clearly booming, due to the significant growth it has experienced since its appearance in 2009 and also because of the opportunities offered by the high volatility of the price of this virtual currency.
Bitcoin is characterised by being a decentralised currency that does not depend on any government or central issuer. It also provides anonymity, as no identification is required to participate in the Bitcoin network. Due to its properties, this cryptocurrency is considered a safe haven asset (it has many points in common with gold, in fact, it is considered “digital gold” or “gold 2.0”). In any case, its short-term movements make it a suitable asset for trading.
All the nodes that make up this network exchange information, ensuring the integrity and security of the transactions that are stored in what are known as blockchains or “blockchain” (the technology that supports this and other cryptocurrencies). The process of generating new Bitcoins is known as “mining”, putting the computer at the service of the blockchain through the resolution of algorithms (it is a competitive process in which computer equipment with graphics power is required). The predefined limit of Bitcoins is 21 million Bitcoins; when this number is reached, no more mining is possible. 21 million Bitcoins is the entire existing money supply, which makes it valuable because it is considered a scarce asset.
It is currently estimated that there are more than 1,300 cryptocurrencies worldwide, but none are as popular as Bitcoin. Today there are many companies that accept Bitcoin as a form of payment (online shops in multiple sectors, hosting providers, telephone services, online gambling, etc.). There are even brokers that accept Bitcoin for depositing and withdrawing funds from your trading account. These applications show that Bitcoin is here to stay. It has far surpassed the embryonic phase in which many other cryptocurrencies are disappearing due to lack of demand. Bitcoin’s most serious competitor among virtual currencies is currently Ethereum (see brokers to invest in Ethereum or other cryptocurrency brokers).
Although they are two assets that serve the same purpose, Bitcoin and Ethereum have different nuances, such as the possibility of executing smart contracts (Ethereum).
Bitcoin’s price is a seesaw of ups and downs, with the volatility characteristic of this novel market. In December 2017, Bitcoin surpassed the $19,000 mark for the first time in its history, before falling sharply and then recovering. The growth or decline it may have in the coming months and years will depend on several aspects, for example:
- Attempts by some countriesto regulate or restrict its use.
- Adoption as a currency by others who are already showing interest.
- Continued popularity compared to other forms of payment.
- Vulnerabilities or security issues that may be encountered in the future.
These and other reasons mean that the volatility of this cryptocurrency is high; and therefore that it offers significant investment opportunities.
Trading bitcoins is very popular among traders in parts of the world like:
In the Middle East: Saudi Arabia, United Arab Emirates (Abu Dhabi, Dubai,…), Kuwait, Bahrain, Qatar,…
Southeast Asia: Malaysia, Thailand, Singapore, Vietnam, Philippines or Indonesia.
In Europe: United Kingdom, Germany, Netherlands, Norway, France,…
In Africa: South Africa, Senegal, Nigeria, Kenya,…
In Oceania: Australia and New Zealand.
In East and South Asia: Japan, China, India, Taiwan,…
Due to its popularity, many online brokers allow trading in this asset through CFDs. In the comparison table above you can find what we consider to be the best brokers for Bitcoin trading and their main features.
In addition, Bitcoin is also accepted by some online brokers to deposit or withdraw funds from your trading account: Many brokers accept Paypal as a payment method, others Skrill or Neteller and most accept bank transfer or credit card, but lately brokers have emerged that, in addition to trading with Bitcoin, allow you to use this cryptocurrency to deposit and withdraw funds.
References and sources:
- Benefits & Risks of Trading Forex with Bitcoin
- Is Bitcoin Dead?
- Trading Bitcoin on Wall Street
- As Bitcoin volatility continues to drop, is it time to prepare for a big move?
- What is Bitcoin Mining Software?
