Home / Forex Brokers / The Advantages of Trading Bitcoin with a Forex Broker

The Advantages of Trading Bitcoin with a Forex Broker

Bitcoin, the first and largest cryptocurrency, is one phenomenal instrument to trade. It is critical, however, to only trade bitcoin with a well-established forex broker. The following advantages of reliable forex brokers will give you the edge in your bitcoin trading:

  • Superior execution speeds
  • Deep liquidity pools
  • Reliable and smart order execution
  • Regulated and fair dealing
  • Various order types
  • Dedicated customer support
  • Robust and proven trading platforms
  • Infrastructure redundancy – hardware, software, and connectivity
  • Easy account opening, deposits, and withdrawals

Choosing the Best Bitcoin Broker

Take a flying start with your bitcoin trading by joining one of these top forex brokers who offer bitcoin trading:

Top Bitcoin Brokers

Broker
Benefits
Regulation
Min. Deposit
Instruments
2017 TOP CHOICE
logo
  • Copy the bitcoin trades of experienced popular investors
  • Trade bitcoin 24/7
  • Failsafe flash crash protection on bitcoin
  • Interact with a massive social trading community
CySec FCA NFA
$200
Ether/Ethereum (ETH) Litecoin (LTC) Dash Ripple (XRP) Ethereum Classic (ETC)
  • Takes less than 10 minutes to be in a live trade
logo
  • Trade bitcoin 7 days a week
  • Zero commission on bitcoin trades
  • No withdrawal fees
  • Advanced charts and technical analysis tools
  • Free unlimited demo account
CySec FSB
No deposit required – $25 free
Litecoin (LTC) Dash Ether/Ethereum (ETH) Bitcoin Cash Ripple (XRP) Ethereum Classic (ETC)
logo
  • Up to 1:20 leverage on bitcoin
  • Ava debit card available
  • Educational trading webinars
  • Access to senior account analyst
EU – MiFId (by CBI) Australia – ASIC Japan (FSA) BVI South Africa (FSB)
$100
Ether/Ethereum (ETH) Litecoin (LTC) Dash Ripple (XRP) Ethereum Classic (ETC)
  • Low spreads
  • 24/5 dedicated account manager
  • One click trade execution
  • Desktop and mobile trading
CySec
$100
Ether/Ethereum (ETH) Litecoin (LTC) Dash

Why Trade Bitcoin?

Bitcoin has grown exponentially since its creation and implementation in 2008/2009 and has been an incredible instrument to trade, offering unheard-of returns. Besides offering magnificent returns on investments, trading bitcoin presents these advantages:

  • Largest market capitalization among cryptocurrencies
  • World’s most liquid cryptocurrency
  • Regarded as a dynamic safe haven asset and hedge against central bank and fiat currency failure
  • Excellent way to diversify investment portfolios
  • Traded even when other markets are closed – 24/7, 365 days a year

How to Trade Bitcoin – A Flash Guide

Bitcoin is traded on the above-mentioned forex brokers’ trading platforms with CFDs (contracts for difference). It’s just as easy and efficient as trading forex pairs, commodities, and stocks. You can also use stop loss-, take profit-, and all the other entry orders offered by these brokers.

Because of its volatility, bitcoin is best traded by using low leverage, if any. Although the buy-and-hold trading strategy has yielded exceptional results since bitcoin was first traded, other shorter-term trading strategies can also be implemented. You can read ‘How to Trade Bitcoin – A Beginner’s Guide’ for in-depth information about this incredible financial instrument.