Bitcoin Trading and Brokers 2021

The Bitcoin trading boom has seen traders invest in, deposit with and exchange huge volumes of cryptocurrency. Our guide explains what Bitcoin is and how you can trade Bitcoins. With the Bitcoin exchange rate now quoted among major currencies, market volume is huge and trading it is more accessible than you may first think. Learn all about Bitcoin trading here and compare the best Bitcoin brokers in the UK 2021.

Bitcoin Brokers List

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Found 134 Brokers

Plus500

A trader with a Plus500 account can trade CFDs on underlying financial instruments such as Forex, Stocks, Commodities, Cryptocurrency (Availability subject to regulation), Options and Indices. With tight spreads and no commission, they are a leading global brand.

A trader with a Plus500 account can trade CFDs on underlying financial instruments such as Forex, Stocks, Commodities, Cryptocurrency (Availability subject to regulation), Options and Indices. With tight spreads and no commission, they are a leading global brand.

Regulated By

FCA, CySec, ASIC

Min. Trade

Varies by asset

Fusion

Fusion Markets are delivering low cost forex and CFD trading via low spreads and trading costs. Their message is - Stop paying too much to trade

Fusion Markets are delivering low cost forex and CFD trading via low spreads and trading costs. Their message is - Stop paying too much to trade

Eightcap

Eightcap is a multi-regulated FX & CFD broker offering the MT4 & MT5 platforms. Award winning platform, zero commission, free education and low spreads.

Eightcap is a multi-regulated FX & CFD broker offering the MT4 & MT5 platforms. Award winning platform, zero commission, free education and low spreads.

ForexTB

Trade CFDs on a powerful and intuitive trading platform. Over 300 markets to trade, with tight spreads and multi-device support. CySec Regulated.

Trade CFDs on a powerful and intuitive trading platform. Over 300 markets to trade, with tight spreads and multi-device support. CySec Regulated.

eToro

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Min. Deposit

$200 ($50 in US)

BDSwiss

BDSwiss offer 250+ Shares, Indices, Forex, Commodities and Cryptocurrencies markets via CFDs. With spreads from 1 pip and an award winning app, they offer a great package.

BDSwiss offer 250+ Shares, Indices, Forex, Commodities and Cryptocurrencies markets via CFDs. With spreads from 1 pip and an award winning app, they offer a great package.

Regulated By

CySec, FSC, FSA

PrimeXBT

PrimeXBT is a Bitcoin-based platform offering highly leveraged trading in FX, indices, commodities, & cryptocurrencies.

PrimeXBT is a Bitcoin-based platform offering highly leveraged trading in FX, indices, commodities, & cryptocurrencies.

AxiTrader

Axi is a global online FX and CFD trading company, trusted by 60,000+ ambitious customers in 100+ countries around the world.

Axi is a global online FX and CFD trading company, trusted by 60,000+ ambitious customers in 100+ countries around the world.

Regulated By

FCA, ASIC, FMA

IC

Trade Forex on 0.0 pip spreads with the worlds leading True ECN forex broker - IC Markets.

Trade Forex on 0.0 pip spreads with the worlds leading True ECN forex broker - IC Markets.

Regulated By

ASIC, CySec, FSA

Forex.com

Forex.com boast a global reputation. Regulated in the UK, US and Canada they offer a huge range of markets, not just forex, and offer very tight spreads and a cutting edge platform.

Forex.com boast a global reputation. Regulated in the UK, US and Canada they offer a huge range of markets, not just forex, and offer very tight spreads and a cutting edge platform.

Regulated By

NFA, CFTC, FCA, FSA, IIROC and CIMA

easyMarkets

easyMarkets.com - Simply Honest. Trade CFDs on Forex, Commodities, Indices, Shares & Cryptos With a Top Rated Forex Broker

easyMarkets.com - Simply Honest. Trade CFDs on Forex, Commodities, Indices, Shares & Cryptos With a Top Rated Forex Broker

Regulated By

CySec, ASIC, BVI

Min. Trade

Varies by asset

LegacyFX

LegacyFX is a multi-asset broker offering an MT5 download & free signals.

LegacyFX is a multi-asset broker offering an MT5 download & free signals.

Regulated By

CySEC, FCA, VFSC, NBRB

Skilling.com

Skilling are an exciting new brand, regulated in Europe and beyond, with a bespoke browser based platform, allowing seamless low cost trading across devices.

Skilling are an exciting new brand, regulated in Europe and beyond, with a bespoke browser based platform, allowing seamless low cost trading across devices.

Min. Deposit

100 £/€/$ or 1000 NOK, SEK

Min. Trade

0.01 Lots or 1 Share

RoboForex

RoboForex is a multi-asset online broker offering powerful trading aides.

RoboForex is a multi-asset online broker offering powerful trading aides.

Capital.com

Capital.com offer CFDs and Forex on a huge range of assets, with competitive spreads and unique platforms, including the fully functional mobile app.

Capital.com offer CFDs and Forex on a huge range of assets, with competitive spreads and unique platforms, including the fully functional mobile app.

Regulated By

FCA, CySec, ASIC

Min. Trade

Varies by asset

FXChoice

FXChoice is an offshore retail broker offering MT4 and MT5 platform downloads.

FXChoice is an offshore retail broker offering MT4 and MT5 platform downloads.

BitMex

Bit Mex Offer the largest market liquidity of any Crypto exchange. Ultra low trading costs and minimum deposit requirements. Join in 30 seconds.

Bit Mex Offer the largest market liquidity of any Crypto exchange. Ultra low trading costs and minimum deposit requirements. Join in 30 seconds.

OBR

OBR Invest is a CySEC-regulated forex, CFD and cryptocurrency trading broker offering the MetaTrader 4 platform.

OBR Invest is a CySEC-regulated forex, CFD and cryptocurrency trading broker offering the MetaTrader 4 platform.

Coinbase

Coinbase is the easiest place to buy, sell, and manage your cryptocurrency portfolio.

Coinbase is the easiest place to buy, sell, and manage your cryptocurrency portfolio.

Moneta

Moneta Markets is a regulated FX & CFD broker offering a proprietary web platform.

Moneta Markets is a regulated FX & CFD broker offering a proprietary web platform.

Quotex

Quotex offers a proprietary web platform that offers digital options and copy trading.

Quotex offers a proprietary web platform that offers digital options and copy trading.

Spreadex

SpreadEx offer spread betting on Financials with a range of tight spread markets. Popular award winning, UK regulated broker.

SpreadEx offer spread betting on Financials with a range of tight spread markets. Popular award winning, UK regulated broker.

FBS

FBS is a top online broker offering MT4 & MT5 trading across a range of instruments.

FBS is a top online broker offering MT4 & MT5 trading across a range of instruments.

Regulated By

IFSC, CySEC, ASIC, FSCA

ROInvesting

ROInvesting is an online CFD broker regulated by the CySEC.

ROInvesting is an online CFD broker regulated by the CySEC.

GO

GO Markets is an ASIC-regulated FX & CFD broker.

GO Markets is an ASIC-regulated FX & CFD broker.

ThinkMarkets

ThinkMarkets is a multi-regulated forex and CFD broker

ThinkMarkets is a multi-regulated forex and CFD broker

Regulated By

FCA, ASIC, FSCA, FSA Seychelles

CityIndex

Established spread betting, forex and CFD broker with over 30 years in the business. Regulated around the globe.

Established spread betting, forex and CFD broker with over 30 years in the business. Regulated around the globe.

FXPro

Multi-Award winning broker. Specialising in Forex but also offering stocks and tight spreads on CFDs and Spread betting across a huge range of markets.

Multi-Award winning broker. Specialising in Forex but also offering stocks and tight spreads on CFDs and Spread betting across a huge range of markets.

Regulated By

CySec, FCA, SCB, FSCA

Dukascopy

Dukascopy is a Swiss-based forex, CFD, and binary options broker

Dukascopy is a Swiss-based forex, CFD, and binary options broker

Regulated By

FINMA, FCMC, JFSA

Binary.com

Binary.com are the established pioneers of binary options. The choice of the advanced trader, Binary.com offer the greatest flexibility of any binary broker. They also offer Forex and CFD via the MT5 platform.

Binary.com are the established pioneers of binary options. The choice of the advanced trader, Binary.com offer the greatest flexibility of any binary broker. They also offer Forex and CFD via the MT5 platform.

Sage

Sage FX is an MT4 trading broker offering high leverage rates and secure mobile investing.

Sage FX is an MT4 trading broker offering high leverage rates and secure mobile investing.

Zero

Zero Markets is a multi-asset online trading broker offering ultra low spreads.

Zero Markets is a multi-asset online trading broker offering ultra low spreads.

JP

JP Markets is an award-winning South African Forex and CFD broker.

JP Markets is an award-winning South African Forex and CFD broker.

Fortrade

Fortrade is a multi-asset broker offering a simple live account with advanced tools.

Fortrade is a multi-asset broker offering a simple live account with advanced tools.

Regulated By

FCA, ASIC, CySEC, NBRB, IIROC

FortFS

FortFS is a multi-asset trading broker offering a range of tools & resources.

FortFS is a multi-asset trading broker offering a range of tools & resources.

FP

FP Markets is a multi-asset broker offering a choice of trading platforms.

FP Markets is a multi-asset broker offering a choice of trading platforms.

12Trader

12Trader is a regulated online broker offering trading in forex & CFDs.

12Trader is a regulated online broker offering trading in forex & CFDs.

CMSTrader

CMSTrader offers multi-asset trading with fast payment speeds & useful features.

CMSTrader offers multi-asset trading with fast payment speeds & useful features.

FXFlat

FXFlat offers several asset classes on the MetaTrader 4 & MetaTrader 5 platforms.

FXFlat offers several asset classes on the MetaTrader 4 & MetaTrader 5 platforms.

iFOREX

iFOREX is a multi-regulated forex & CFD broker with millions of clients worldwide

iFOREX is a multi-regulated forex & CFD broker with millions of clients worldwide

Regulated By

CySEC, FCA, BVI

ITradeFX

ITradeFX offers online trading with competitive fees, but is the broker safe?

ITradeFX offers online trading with competitive fees, but is the broker safe?

Grand

Grand Capital is an MT4 retail trading broker offering multiple bonuses.

Grand Capital is an MT4 retail trading broker offering multiple bonuses.

EZ

EZ Invest is a CySEC-licensed broker offering trading on the financial markets.

EZ Invest is a CySEC-licensed broker offering trading on the financial markets.

ForexMart

ForexMart is an EU-regulated broker offering MT4 trading on stocks, FX and cryptos.

ForexMart is an EU-regulated broker offering MT4 trading on stocks, FX and cryptos.

CFD

CFD Global FX is an offshore broker offering trading on multiple financial markets.

CFD Global FX is an offshore broker offering trading on multiple financial markets.

Dsdaq

Dsdaq specialises in crypto trading through its accessible mobile app & low deposit.

Dsdaq specialises in crypto trading through its accessible mobile app & low deposit.

Min. Deposit

0.001 BTC/BCH/LTC

Tier1FX

Tier1FX is a regulated CFD and forex trading broker.

Tier1FX is a regulated CFD and forex trading broker.

Squared

Squared Financial is a CySEC-regulated forex & CFD broker with 10,000 tradeable assets for both MT4 and MT5.

Squared Financial is a CySEC-regulated forex & CFD broker with 10,000 tradeable assets for both MT4 and MT5.

FXOpen

FXOpen is a highly regulated FX & CFD broker offering multiple trading platforms.

FXOpen is a highly regulated FX & CFD broker offering multiple trading platforms.

Admiral

Admiral Markets is leading Forex and CFD broker offering the MT4 & MT5 platforms

Admiral Markets is leading Forex and CFD broker offering the MT4 & MT5 platforms

Regulated By

FCA, CySEC, ASIC, JSC

DeltaStock

DeltaStock is a multi-asset online broker offering desktop & mobile trading tools.

DeltaStock is a multi-asset online broker offering desktop & mobile trading tools.

Regulated By

FSC (Bulgaria)

Axes

Axes offers multi-asset trading through the MT5 platform and mobile app.

Axes offers multi-asset trading through the MT5 platform and mobile app.

101investing

101investing.com is a CFD broker providing access to a range of financial markets.

101investing.com is a CFD broker providing access to a range of financial markets.

DMM

Trade a range of products on the MetaTrader platforms at DMM FX.

Trade a range of products on the MetaTrader platforms at DMM FX.

AAAFx

AAAFx offers automated and copy platforms for forex and CFD trading.

AAAFx offers automated and copy platforms for forex and CFD trading.

Regulated By

HCMC (Greece), FSA (St Vincent & Grenadines)

GKFX

GKFX is an MT4 trading broker offering a suite of financial instruments & tools.

GKFX is an MT4 trading broker offering a suite of financial instruments & tools.

IronFX

IronFX offers online trading in forex, stocks, futures, commodities and cryptocurrencies

IronFX offers online trading in forex, stocks, futures, commodities and cryptocurrencies

Regulated By

FCA, CySEC, ASIC, FSB

Finexo

Finexo is a multi-asset online broker regulated by the CySEC.

Finexo is a multi-asset online broker regulated by the CySEC.

TradeTime

TradeTime is an FX broker also offering trading in stocks, commodities, & Bitcoin.

TradeTime is an FX broker also offering trading in stocks, commodities, & Bitcoin.

Spectre.ai

Spectre.ai is a blockchain-based binary options broker

Spectre.ai is a blockchain-based binary options broker

Regulated By

St. Vincent and the Grenadines

Libertex

Libertex - Trade Online. Libertex offer CFD and Forex trading, with fixed commissions and no hidden costs.

Libertex - Trade Online. Libertex offer CFD and Forex trading, with fixed commissions and no hidden costs.

NordFX

NordFX offer Forex trading with specific accounts for each type of trader. Zero accounts offer spread from 0 pips, while the Crypto offers optimal cryptocurrency trading. Open account from just $10.

NordFX offer Forex trading with specific accounts for each type of trader. Zero accounts offer spread from 0 pips, while the Crypto offers optimal cryptocurrency trading. Open account from just $10.

Bithoven

Bithoven is a MT5-powered online broker offering leveraged cryptocurrency trading.

Bithoven is a MT5-powered online broker offering leveraged cryptocurrency trading.

AGEA

AGEA is a regulated forex & CFD broker offering multiple trading platforms and account types.

AGEA is a regulated forex & CFD broker offering multiple trading platforms and account types.

Regulated By

Commission for Capital Markets

Lightspeed

Lightspeed is a broker for high-volume traders offering advanced platforms & tools.

Lightspeed is a broker for high-volume traders offering advanced platforms & tools.

TrioMarkets

TrioMarkets is a CySEC-regulated online ECN trading broker.

TrioMarkets is a CySEC-regulated online ECN trading broker.

Regulated By

CySEC, FSC (Mauritius)

Alvexo

Alvexo is a CySEC-regulated MT4 forex & CFD broker.

Alvexo is a CySEC-regulated MT4 forex & CFD broker.

Bitlocus

Bitlocus is an innovative crypto exchange supporting 16 major tokens and providing a crypto payment gateway for businesses.

Bitlocus is an innovative crypto exchange supporting 16 major tokens and providing a crypto payment gateway for businesses.

NiceHash

NiceHash is a cryptocurrency mining provider, hash power marketplace and crypto exchange with competitive pricing and a wide range of tokens.

NiceHash is a cryptocurrency mining provider, hash power marketplace and crypto exchange with competitive pricing and a wide range of tokens.

Min. Trade

0.0001BTC, 1USDT

Kraken

Kraken is a top crypto trading exchange offering the largest altcoins by market cap.

Kraken is a top crypto trading exchange offering the largest altcoins by market cap.

Regulated By

FCA, FinCEN, FINTRAC, AUSTRAC, FSA

Capex

Capex offers a portfolio of trading products and leading investing tools.

Capex offers a portfolio of trading products and leading investing tools.

Regulated By

CySEC, FSCA, ADGM

IFC

IFC Markets is a top broker offering the bespoke NetTradeX plus MT4 & MT5.

IFC Markets is a top broker offering the bespoke NetTradeX plus MT4 & MT5.

Regulated By

BVI FSC, Labuan Financial Services Authority

Min. Deposit

1 USD / 1 EUR / 100 JPY

Global

Global Prime is a multi-regulated trading broker offering 100+ markets.

Global Prime is a multi-regulated trading broker offering 100+ markets.

Regulated By

ASIC, VFSC, FSA

Global

Global FX is an unregulated broker offering a suite of trading tools and products.

Global FX is an unregulated broker offering a suite of trading tools and products.

Tradeview

Tradeview is based in the Cayman Islands and offers four leading trading platforms and 100+ financial instruments.

Tradeview is based in the Cayman Islands and offers four leading trading platforms and 100+ financial instruments.

TMS

TMS Brokers is a leading European trading broker providing powerful tools and a suite of financial instruments.

TMS Brokers is a leading European trading broker providing powerful tools and a suite of financial instruments.

Regulated By

Polish Financial Supervision Authority (KNF)

JFD

JFD Bank offers comprehensive trading services, complete with MT4 and MT5 platforms and a range of products.

JFD Bank offers comprehensive trading services, complete with MT4 and MT5 platforms and a range of products.

Regulated By

CySEC, VFSC, BaFin 

LH

LH Crypto combines a digital alt coin exchange with a user-friendly online brokerage offering an array of tools, instruments and payment options.

LH Crypto combines a digital alt coin exchange with a user-friendly online brokerage offering an array of tools, instruments and payment options.

MultiBank

MultiBank FX is a regulated forex and CFD broker offering sign-up deposit bonuses, tight spreads and MT4 trading.

MultiBank FX is a regulated forex and CFD broker offering sign-up deposit bonuses, tight spreads and MT4 trading.

Regulated By

ASIC, BaFin, FMA, CNMV, DFSA, FSC, CIMA

NPBFX

NPBFX offers trading in leading financial instruments as well as copy trading.

NPBFX offers trading in leading financial instruments as well as copy trading.

Regulated By

Financial Commission

ProfitiX

ProfitiX offers an interactive desktop and mobile trading experience via MT5.

ProfitiX offers an interactive desktop and mobile trading experience via MT5.

Paxful

Paxful is a crypto trading exchange and digital wallet offering low fees and easy sign-up.

Paxful is a crypto trading exchange and digital wallet offering low fees and easy sign-up.

Min. Deposit

From 0.005 BTC

ADS

ADSS is a regulated forex broker offering $100 minimum deposits & 1:500 leverage.

ADSS is a regulated forex broker offering $100 minimum deposits & 1:500 leverage.

Regulated By

Central Bank of the UAE, FCA, SFC

Binance

Binance is one of the leading online crypto exchanges offering Bitcoin.

Binance is one of the leading online crypto exchanges offering Bitcoin.

Gemini

Gemini is a leading crypto trading exchange with low fees and a long list of altcoins.

Gemini is a leading crypto trading exchange with low fees and a long list of altcoins.

Bitfinex

Bitfinex is among the best crypto exchanges for experienced traders with a free mobile trading app and low fees.

Bitfinex is among the best crypto exchanges for experienced traders with a free mobile trading app and low fees.

OKEx

OKEx is a digital exchange offering trading on hundreds of cryptos across desktop and mobile applications with low fees.

OKEx is a digital exchange offering trading on hundreds of cryptos across desktop and mobile applications with low fees.

SushiSwap

SushiSwap is an emerging brand in the DeFi space, operating as an automated market maker with its own crypto coin - Sushi.

SushiSwap is an emerging brand in the DeFi space, operating as an automated market maker with its own crypto coin - Sushi.

Bybit

Bybit is an established crypto exchange aimed at active online traders.

Bybit is an established crypto exchange aimed at active online traders.

Gate.io

Gate.io is a crypto exchange offering a variety of derivatives on a proprietary platform.

Gate.io is a crypto exchange offering a variety of derivatives on a proprietary platform.

Naga

Naga is a social investing platform offering copy trading on major financial markets including cryptocurrencies and stocks.

Naga is a social investing platform offering copy trading on major financial markets including cryptocurrencies and stocks.

AdroFX

AdroFX is a regulated, global broker offering forex, CFD and crypto trading with MT4 access and attractive welcome bonuses.

AdroFX is a regulated, global broker offering forex, CFD and crypto trading with MT4 access and attractive welcome bonuses.

Optimus

Optimus Futures is an introducing broker partnering with numerous FCM services. It offers hundred of global assets across 40+ trading platforms.

Optimus Futures is an introducing broker partnering with numerous FCM services. It offers hundred of global assets across 40+ trading platforms.

Pionex

Pionex is a cryptocurrency exchange with impressive automated trading tools and bots.

Pionex is a cryptocurrency exchange with impressive automated trading tools and bots.

Unidex

UniDex is a leading decentralised crypto exchange offering an extensive list of tokens.

UniDex is a leading decentralised crypto exchange offering an extensive list of tokens.

FXGM

FXGM offers live trading accounts on its proprietary PROfit platform.

FXGM offers live trading accounts on its proprietary PROfit platform.

Trade.com

Trade.com offers thousands of tradable assets on desktop and mobile platforms.

Trade.com offers thousands of tradable assets on desktop and mobile platforms.

Regulated By

FCA, CySEC, FSCA

PaxForex

PaxForex is an offshore broker offering $10 minimum deposits & MT4 trading.

PaxForex is an offshore broker offering $10 minimum deposits & MT4 trading.

Uptos

Uptos offers multiple trading assets, payment options and the MT5 platform.

Uptos offers multiple trading assets, payment options and the MT5 platform.

FXPrimus

Trade the markets with MT4 trading tools alongside CySEC regulation.

Trade the markets with MT4 trading tools alongside CySEC regulation.

Regulated By

CYSEC, VFSC, FSCA

FXTrading

FXTrading offers online forex, stocks, commodities and crypto financial markets.

FXTrading offers online forex, stocks, commodities and crypto financial markets.

AMarkets

AMarkets offers a suite of tools and trading products on the MT4 & MT5 platforms.

AMarkets offers a suite of tools and trading products on the MT4 & MT5 platforms.

FIBO

FIBO Group is a dual-licensed forex broker offering multiple trading platforms.

FIBO Group is a dual-licensed forex broker offering multiple trading platforms.

Regulated By

CySEC, FSC BVI

Financial

Financial Spreads is a UK-regulated broker offering spread betting and CFDs.

Financial Spreads is a UK-regulated broker offering spread betting and CFDs.

Darwinex

With multiple trading products and an advanced suite of analysis tools, Darwinex is an excellent online broker.

With multiple trading products and an advanced suite of analysis tools, Darwinex is an excellent online broker.

CrescoFX

Trade stocks, forex and commodities on the CrescoFX platform & MT4 app.

Trade stocks, forex and commodities on the CrescoFX platform & MT4 app.

TeleTrade

TeleTrade offers ECN accounts with tight spreads & powerful trading platforms.

TeleTrade offers ECN accounts with tight spreads & powerful trading platforms.

SimpleFX

SimpleFX is a CFD broker offering its own SFX WebTrader platform & low fees.

SimpleFX is a CFD broker offering its own SFX WebTrader platform & low fees.

eXcentral

Trade FX, stocks, cryptos and commodities with powerful trading tools at eXcentral.

Trade FX, stocks, cryptos and commodities with powerful trading tools at eXcentral.

EagleFX

EagleFX is a popular trading broker offering forex, stocks, cryptos & commodities.

EagleFX is a popular trading broker offering forex, stocks, cryptos & commodities.

TIO

TIO Markets offers 120 instruments, MetaTrader platforms & PAMM accounts.

TIO Markets offers 120 instruments, MetaTrader platforms & PAMM accounts.

Q8

Trade Q8 is an online broker in the MENA region offering forex & multi-asset trading.

Trade Q8 is an online broker in the MENA region offering forex & multi-asset trading.

Regulated By

FSA (Seychelles)

OctaFX

OctaFX offers multi-asset trading on a range of platforms and mobile solutions.

OctaFX offers multi-asset trading on a range of platforms and mobile solutions.

Arum

Arum Capital is a CySEC-regulated forex broker offering the MT5 platform.

Arum Capital is a CySEC-regulated forex broker offering the MT5 platform.

4xCube

4xCube is a MetaTrader forex broker registered and licensed in the Cook Islands.

4xCube is a MetaTrader forex broker registered and licensed in the Cook Islands.

Regulated By

FSC Cook Islands

FxGlory

FxGlory offers leveraged trading in forex and commodities through the MT4 desktop and mobile platform.

FxGlory offers leveraged trading in forex and commodities through the MT4 desktop and mobile platform.

Key

Key To Markets is an FCA-regulated online trading broker offering a variety of account types, including social PAMMs.

Key To Markets is an FCA-regulated online trading broker offering a variety of account types, including social PAMMs.

Blackwell

Blackwell Global offers seamless online trading in forex, stocks & cryptos.

Blackwell Global offers seamless online trading in forex, stocks & cryptos.

BP

BP Prime offers MT4 trading with fast executions and a mobile app solution.

BP Prime offers MT4 trading with fast executions and a mobile app solution.

Atiora

Atiora offers forex & CFD trading with easy-access $1 minimum deposit accounts.

Atiora offers forex & CFD trading with easy-access $1 minimum deposit accounts.

Weltrade

Weltrade is an established online broker providing tight spreads & powerful tools.

Weltrade is an established online broker providing tight spreads & powerful tools.

StormGain

StormGain provides an online crypto trading platform & cloud mining tool.

StormGain provides an online crypto trading platform & cloud mining tool.

AskoBID

AskoBID offers multi-asset trading with a €250 minimum deposit & 1:500 leverage.

AskoBID offers multi-asset trading with a €250 minimum deposit & 1:500 leverage.

ZuluTrade

Zulutrade provide multiple automation and copy trading options across forex, indices, stocks, cryptocurrency and commodities markets

Zulutrade provide multiple automation and copy trading options across forex, indices, stocks, cryptocurrency and commodities markets

Min. Deposit

$1 to $300 (Broker choice dependent)

Videforex

Forex broker Videforex accepts deposits in a range of cryptocurrencies. Payouts reach 95% per trade.

Forex broker Videforex accepts deposits in a range of cryptocurrencies. Payouts reach 95% per trade.

Binarycent

Deposit and trade with a Bitcoin funded account! Binarycent accept deposits in, and trade, 15+ Cryptocurrency types.

Deposit and trade with a Bitcoin funded account! Binarycent accept deposits in, and trade, 15+ Cryptocurrency types.

CoinMama

Coinmama aim to make entering the crypto market as easy as possible, offering BTC,ETH,LTC,ADA,BCH and XTZ

Coinmama aim to make entering the crypto market as easy as possible, offering BTC,ETH,LTC,ADA,BCH and XTZ

Interactive

IB Boast a huge market share of global trading. With a minimum deposit of $10,000 however, they remain an option for larger traders only.

IB Boast a huge market share of global trading. With a minimum deposit of $10,000 however, they remain an option for larger traders only.

Trading212

Trading 212 Offer a truly mobile trading experience. With tight spreads and a huge range of markets, they offer a dynamic and detailed trading environment. Recent customer care issues have severely damaged the reputation of the brand.

Trading 212 Offer a truly mobile trading experience. With tight spreads and a huge range of markets, they offer a dynamic and detailed trading environment. Recent customer care issues have severely damaged the reputation of the brand.

ETX

ETX Capital are a London based, FCA regulated broker offering tight spreads across a wide range of markets. They offer professional client services to Pro clients. ETX are offering a FREE trading course to new clients, and free guaranteed stops on the TraderPro platform.

ETX Capital are a London based, FCA regulated broker offering tight spreads across a wide range of markets. They offer professional client services to Pro clients. ETX are offering a FREE trading course to new clients, and free guaranteed stops on the TraderPro platform.

Just2Trade

Just2Trade offer hitech trading on stocks and options with some of the lowest prices in the industry

Just2Trade offer hitech trading on stocks and options with some of the lowest prices in the industry

Regulated By

FINRA, SIPC, NFA, CySEC

Ayondo

Ayondo offer trading across a huge range of markets and assets. They also offer negative balance protection and social trading.

Ayondo offer trading across a huge range of markets and assets. They also offer negative balance protection and social trading.

Alpari

Alpari offer forex and CFD trading across a big range of markets with low spreads and a range of account types that deliver for every level of trader from beginner to professional.

Alpari offer forex and CFD trading across a big range of markets with low spreads and a range of account types that deliver for every level of trader from beginner to professional.

Regulated By

FSC of Maritius

EverFX

EverFX is an online broker offering trading in forex, stocks, cryptos and commodities.

EverFX is an online broker offering trading in forex, stocks, cryptos and commodities.

Regulated By

CySEC, FSA, CIMA

What is Bitcoin?

Cryptocurrencies, of which Bitcoin is the best known, are arguably the most significant technology development since the dawn of the internet. Bitcoin was first launched in 2009 and is now, along with a couple of the other of the more widely adopted cryptocurrencies like Ethereum, on the verge of a mainstream breakthrough. If, as currently seems inevitable, adoption does hit tipping point, cryptocurrencies are set to revolutionise financial transactions, the banking system and even the wider economy.

In a clear sign that cryptocurrencies are now taken seriously by the financial establishment, Bitcoin and others can now be traded online in the same way as fiat currencies like the U.S. dollar, British pound and euro. Several big, well known online trading platforms have introduced Bitcoin as a tradable instrument over the past couple of years and more are following.

News

Cryptocurrencies Explained

A natural starting point is a brief explanation of what cryptocurrencies are. The currencies we are familiar with and have used on a day-to-day basis throughout most of our lives are called fiat currencies. Fiat currencies are ‘centralised’ in the sense that they are controlled by an issuing central bank, like the Federal Reserve in the case of the U.S. dollar, which issues the currency.

Central banks can, in theory, issue as much ‘new’ fiat currency as they wish. Newly created fiat currency is then injected into the economy through the purchase of government bonds or loans. When transferred electronically between owners, fiat money requires a third party to process that transaction to ensure that the electronic currency is not ‘copied’.

The ability of a central bank to create as much fiat currency as it wishes, which reduces the value of all the currency already in circulation by increasing supply, is viewed by many as an inherent problem. Likewise, the requirement for a third party to process currency transfers between two entities.

Decentralised Banking

Cryptocurrencies are seen as the answer to those inherent ‘flaws’ in how fiat currency works. Created by software using cryptography, cryptocurrencies are ‘decentralised’. When a cryptocurrency is created there is a fixed volume of it that can never be added to. In bitcoin’s case, this is 21 million bitcoin units. The limited supply means that, in theory, individual currency units have inherent value than can never be entirely lost.

Cryptocurrency units are brought into circulation through an intensive computerised process of solving complex puzzles called ‘mining’. When computer processing power solves the crypto-graphed code of a unit of currency it is rewarded to the ‘miner’ and enters the supply in circulation. The pace of mined cryptocurrency units is adjusted through time by increasing the difficulty and amount of processing power required to solve the puzzles which limits supply and maintains relative value.

Blockchain Explained

Another aspect of cryptocurrencies’ decentralised character also eliminates the need for any third parties to process transactions to avoid the risk of ‘copying’ currency. Cryptocurrency ownership and transaction records are built on an electronic ledger system called ‘blockchain’ technology. Blockchain works by every holder of a cryptocurrency unit also holding a copy of the currency’s blockchain ledger.

When any transaction is made and a unit of the cryptocurrency changes ownership that transaction is updated on every copy of the ledger once verified. This means that units of the currency cannot be ‘copied’ like an mp3 file and also means that there is not any one point of weakness allowing security breaches to compromise the integrity of the system. An illegitimate alteration of one ledger will be spotted and reversed.

Why Bitcoin?

While all cryptocurrencies operate in much the same way on a technical level, they do have some differentiations that distinguish one from the others. The most significant differential of bitcoin, compared to other cryptocurrencies is that it is the most widely adopted, which history has shown to be key when it comes to any emerging technology format.

More exchanges, merchants, software and hardware support it. It’s adoption head start mean bitcoin is far more liquid than any other cryptocurrency. Many businesses have also now been built around it and many more are in the pipeline. Bitcoin has also proven the security of its system over 8 years, an advantage that means a lot.

While bitcoin is not guaranteed to end up as the core cryptocurrency, or one of a core few, it is certainly currently in the strongest position to achieve this status.

Bitcoin trading works in exactly the same way as trading any fiat currency. When trading bitcoin on a CFD or spread betting platform, the trader does not actually own units of the actual currency. Trading bitcoin doesn’t need to involve any deep technical understanding of how the cryptocurrency works. Traders simply take a position on how they predict its price will move in relation to the few major currencies brokers pair it with as a tradable instrument. The most common bitcoin currency pair is, predictably, BTC (bitcoin)/USD(U.S. dollar).

Brokers who offer bitcoin trading base their prices on the underlying market made available to them by the major exchanges and market-makers with which they trade. Some brokers are even now allowing traders to use bitcoin as their account’s base currency as an alternative to their local fiat currency.

Advantages

There are several reasons why bitcoin is an attractive instrument to trade. The first is that its decentralised quality means that unlike fiat currency trading there are no ‘market hours’ and bitcoin can also be traded 24/7. This is particularly attractive for non-professional traders who have day jobs and limited time to follow markets and take trading positions during the working week.

High volatility is another reason why bitcoin is popular with traders. As the market matures, bitcoin’s volatility would be expected to drop to something more akin to that of established fiat currencies. However, at least for now daily movement ranges of up to 3% are commonplace.

Double digit moves during particularly volatile periods are also not uncommon, meaning traders can potentially make much larger profits on bitcoin than with other tradable currencies. The flipside of this is of course that big losses can also be potentially sustained if a trader is wrong.

Non-correlation with other financial markets is another plus for bitcoin as a tradable instrument. Because it is not connected to any one local economy its value is not impacted by the same geo-political and localised economic events. This makes it a good hedge against other positions traded.

Disadvantages

We’ve already mentioned bitcoin’s volatility as a major advantage to trading it and that this must also be inherently counted as a disadvantage as the potential for bigger profits also means the same potential for bigger losses.

The other disadvantage to trading bitcoin is that its price movements result from different factors than those which impact fiat currency fluctuations. Bitcoin’s value is mainly impacted by events and news related to its rate of adoption and security so traders have to learn anew where to look for relevant information and how it influences price trends.

Bitcoin Chart

How To Invest in Bitcoin

There is now a significant degree of choice when it comes to where to trade bitcoin. As recently as six months to a year ago options were limited and mainly smaller brokers offered bitcoin/fiat pairs as a tradable CFD as a niche product. Now most of the big established brokers have also introduced bitcoin pairs, opening up the market. For those who already have a CFDs or spread betting trading account, there is a good chance your broker now offers bitcoin trading and if not will likely do so in the near future.

Investors have a choice of trading options;

  • Invest in Bitcoin Directly.
    Some brokers give direct access to cryptocurrencies including bitcoin. This allows traders to buy and bitcoin as an underlying asset, exactly as they can a commodity such as oil or gold.
  • Trade Bitcoin Exchange Rates.
    Bitcoin is now being quoted alongside major forex pairs. So BTCUSD for example, is the rate of exchange for Bitcoin and the US dollar. Other pairs can be traded in the same way. A lack of correlation creates interesting diversification opportunities too.
  • Trade with Bitcoin
    There are now broker who will accept bitcoin as a deposit method. Traders can fund their account, trade with, and be paid in cryptocurrencies. This is another step along the path to the currencies getting a genuine foothold.

Deposit With Bitcoin

As mentioned, brokers are now racing to be at the head of the queue for cryptocurrency traders. There are now brands that will accept deposits in Bitcoin. So a trader can fund their account, trade in a full range of assets in the usual way, and be paid in Bitcoin too.

One established, regulated brand offering this service is eToro. They led the way in allowing retail investors to access crypto, and are doing so again in allowing traders to fund accounts this way too:

Another options is BinaryCent. This is a new brand, offering binary options only. At present, they are unregulated, but do accept bitcoin as a deposit method.

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