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Bitcoin Forex Broker : Best Forex Brokers For Trading Bitcoin In 2018

Bitcoin is nothing but decentralized currencies that can be sent through the internet. Currently, there are millions of bitcoins and they’re predicted to exist till 2140. As the value of Bitcoin constantly changes, you need to conduct the technical analysis to know exactly when to buy and sell them. This is where the Bitcoin brokers come into the picture. These online brokers help you trade Bitcoins in exchange for euros, dollars, and other currencies. There are a number of forex brokers that allow Bitcoin trading as one of their assets. Therefore, it is important that you compare these brokers before you decide to trade with them.

Some of the best forex brokers for trading Bitcoin are here. Do check them out.

1. HotForex
HotForex is one of the most prominent forex brokers you’ll find on the market today. The company believes in doing all its business with full honesty, transparency, and openness. Voted as the best broker in Asia in 2012, HotForex is regulated by FSC and is based in the Mauritius.
There are as many as 8 trading platforms available with HotForex. The best part about this is that traders can choose to trade on multiple devices, even while on the go. MT4 is one of the mainstays of HotForex’s trading platforms. MT4 is reliable and also provides a variety of resources and tools to enable smooth trading activities.

Different trading accounts are available through HotForex. Some of the most prominent ones include Micro trading account, Premium trading account, VIP trading account, Islamic trading account, and Currenex trading account. The spreads charged will depend on the type of account selected. For example, for accounts like Currenex and VIP, the spread starts from 0.2 pips.

2. Plus500
Plus 500 is one of the leading and most trusted online trading platforms for dealing with financial instruments like market indices, forex, stocks, commodities, and ETF. Managed by Plus 500 Ltd, the company is listed on the London Stock Exchange market and has already reached $1 billion of market capitalization in 2014.

Plus 500 offers a secure and safe trading environment to enable traders to carry out their transactions in over 2000 financial instruments. The broker has been doing its businesses in an innovative and smart way. It is due to this the broker has been able to introduce a wide range of products and services to help clients meet their needs. Currently, the broker is being regulated in 3 different areas namely Australia, Cyprus, and the UK.
There are two trading account types on offer through Plus 500 – a demo account and a standard trading account. While it is easy to open an account with the broker, it is even easier to carry out transactions through their trading platforms.

3. AvaTrade
AvaTrade began out as AvaFX in 2006. Based in Dublin, Ireland, AvaTrade is a popular trading services provider for commodities, equities, Bitcoin, market indices, bonds, and ETFs. Since their inception, the broker has made tremendous progress to enable them to serve more than 200,000 customers. A wide range of products and services are available on offer through AvaTrade. All of this has been made possible because of their client oriented focus and solid financial backing.

Also, the fact that AvaTrade has been able to provide its services across a wide range of trading platforms gives us to understand how serious they are in their business and how much they care for the needs of their clients. The broker also provides assured and efficient customer support services through its multilingual support staff that works on a 24/5 basis. It is not just Ireland and Dublin; AvaTrade also maintains and operates through other offices that are located in Nigeria, Shanghai, Paris, Milan, Ulaanbaatar, Tokyo, Mongolia, Sydney, and South Africa.

Trading with AvaTrade is not a matter of concern for any trader. The fact that the broker has been on the market doing its business for over a decade speaks for its reliability and integrity. It is also worth remembering that AvaTrade does all its business in a regulated and authorized manner which means traders have a regulated and safe environment to carry out their trading activities. AvaTrade holds authorizations and licenses in the jurisdictions like the European Union, Japan, South Africa, Australia, and the British Virgin Islands.

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RISK:

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.