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Disclaimer: eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. Your capital is at risk. This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) &USA (by eToro USA LLC) which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.

Best Bitcoin Forex Exchanges

Are you interested in trading bitcoin with your forex broker? If so, you’re not alone. Bitcoin has become quite the favored investment vehicle in recent years, given its volatile price swings that traders are eager to capitalize on. And forex brokers are starting to take notice, with more and more of them offering bitcoin as a CFD (contract for difference) and even on their spot exchanges.

Trading Bitcoin on a forex exchange could be a good way for beginners to get into trading bitcoin, as they don’t have to worry about the volatility of the coin or managing a digital wallet. However, there are a few things to be aware of before you start trading bitcoin with a forex broker. Here’s everything you need to know plus a look at some of the best bitcoin forex brokers.

How Do Conventional Forex Exchanges Operate?

Before we dive deep into the best Bitcoin forex brokers and how you can get started, an understanding of how a conventional forex exchange works is needed.

In its simplest form, forex trading is the exchange of one national currency for another. The term forex stands for foreign exchange. However, unlike tourists trying to buy currency for their upcoming trip, forex traders are aiming to make a profit off of the fluctuating price changes between two national currencies.

This is done by buying one currency while simultaneously selling another. For example, if you think the Euro is going to appreciate against the US dollar, you would buy EUR/USD. Alternatively, if you think the US dollar is going to appreciate against the Japanese Yen, you would buy USD/JPY. These are known as currency pairs, and there are dozens of different ones that can be traded on the forex market.

When you trade a currency pair, you are essentially betting that one currency will go up while the other goes down. If your prediction is correct, you will make a profit. If not, you will incur a loss.

With the growing popularity of Bitcoin and its volatile price swings, forex exchanges have started to offer BTC/USD and other cryptocurrency pairs. So, traders can now trade with Bitcoin on forex exchanges just as they would on traditional crypto exchanges. However, apart from allowing the trader to trade with physical Bitcoins, forex exchanges also offer users the ability to trade using a Bitcoin derivative called CFD (Contract for Difference).

Here is a look at some of the best Bitcoin forex brokers:

Our Favorite Forex Broker for Bitcoin: eToro

eToro is a social trading platform that allows you to trade a variety of assets, including crypto, stocks, and forex. eToro is one of the few forex brokers that offer BTC/USD and other cryptocurrency pairs. eToro also has a unique feature called Copy Trading, which allows you to copy the trades of other successful traders on the platform. You can trade Bitcoin as well as 3,000 tradeable symbols including CFDs.

eToro Exchange Logo

eToro

  • Great for crypto beginners
  • Solid crypto/general trading platform
  • Reliable company with solid trust in the community
  • Fully supports credit cards for deposits and withdrawals
Funding Methods e-Transfer & Wire Transfer
Cryptocurrencies 15+
Countries 70+
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong. eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. Your capital is at risk. This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal. Only real cryptocurrencies are available to US customers.

Our Second Favorite Forex Broker for BTC: Plus500

Plus500 is an Israel-based CFD broker that offers a wide range of asset classes, including crypto, forex, and stocks. Plus500 is one of the few brokers that allow you to trade with leverage on Bitcoin. In fact, Plus 500 was the first CFD provider to offer BTC/USD trading as early as 2013. Plus500 is a regulated broker in multiple jurisdictions and has been in operation since 2008.

Plus500 logo

Plus500

  • Free demo account for new traders
  • All the top cryptocurrencies including Bitcoin, Ethereum and Solana available through CFDs
  • Trade the most popular assets in the world using CFDs
  • Tight spreads with no commissions
Funding Methods Credit card, debit, bank account (SEPA, ACH), Wire transfer
Cryptocurrencies Bitcoin, Ethereum, Litecoin, Stellar, (All CFDs)
Countries 60+ (No USA currently)

Other Quality Forex Brokers

There are a number of good Forex options for BTC traders including the following:

IQ Option

IQ Option is a broker that offers Bitcoin binary options and CFDs. IQ Option allows you to trade with leverage on Bitcoin. The platform allows you to have an exclusive custom build trading platform that caters to your needs. With a minimum deposit of $10 on the basic account, IQ Options is an attractive alternative for newbies looking to trade Bitcoin on forex exchange.

Pros

  • Low minimum deposit requirement
  • Reliable customer support
  • Offers a variety of trading instruments
  • Customizable trading platform
  • Comes with a demo account
  • Offer leverage as high as 1:1000 in select jurisdictions
  • Features an intuitive trading app

Cons

  • Its crypto multiplier feature is limited to non-EU customers
  • Not available to U.S customers

FXCM

FXCM (Forex Capital Markets) is one of the earliest forex rokes that was founded as far back as 1999. The platform offers over 50 currency pairs for trading, including Bitcoin CFDs and Ethereum CFDs. With a long-standing reputation in the industry, FXCM is a regulated broker in multiple jurisdictions and has been operational for over two decades.

Pros

  • A long-standing and reputable company
  • Offers a range of tools and research options
  • Comes with a deposit bonus of up to $300
  • Offers support for trading multiple cryptocurrencies
  • Features trading tournaments for top traders
  • Comes with a demo account

Cons

  • High bank withdrawal fees
  • Product offerings could be better
  • Their platform lacks 2FA

Saxo Bank

Saxo Bank is a Danish online bank that offers Bitcoin CFD and forex trading. The platform was established in 1992 and is one of the oldest forex brokers in operation today. Saxo Bank offers a range of over 40,000 instruments for trading including cryptos, stocks, ETFs, and commodities. Saxo Bank is regulated by multiple financial authorities, including the Danish Financial Supervisory Authority.

Pros

  • A long-standing and reputable company
  • Offers a wide range of tradable instruments
  • Comes with a demo account
  • Features an intuitive trading platform
  • Offers an immersive trading experience
  • Competitive pricing for VIP account holders

Cons

  • High fees for some products and services
  • Steep account minimum account balance requirements
  • Their educational resource could be better

How to Pick the Best Bitcoin Forex Broker

Investing in Bitcoin has been a hot topic of debate for the past few years.

Some people believe that Bitcoin will change the way we interact with money, while others think it is a fraud or a bubble set to burst. However, there is no denying that more and more people are starting to invest in Bitcoin, given its availability on mainstream forex exchanges like the ones mentioned on our list.

However, how do you go about picking the best BTC forex broker? Here are a few things to look out for:

Reputation

Make sure to pick a forex broker that is long-standing and has a good reputation in the industry. You can check out online forums or review sites to get a better idea of what other people are saying about a particular broker.

Regulation

It is important to pick a broker that is regulated by multiple financial authorities. This will ensure that your money is safe and protected in the event of any unforeseen circumstances.

Trading platform

The trading platform should be easy to use and navigate. It should also come with all the features and tools that you need to trade effectively.

Customer support

The customer support team should be responsive and available to answer any of your questions or queries. Trading platforms generally offer some collection of email, phone and live chat support.

Make sure the exchange in question has your preferred channel for support.

Pricing

Make sure to compare the pricing of different brokers before making a decision. Some brokers might offer cheaper fees but have fewer features, while others might be more expensive but offer a better overall trading experience.

Conclusion: Find the Forext Broker That Works for You

Now that you know what to look for in a Bitcoin forex broker, it’s time to choose one from our list.

We’ve researched for you and have hand-picked the best ones based on the criteria mentioned above. So, whether you’re a beginner or a seasoned trader, we’re confident that you’ll find a broker that’s right for you.

FAQs About Bitcoin Forex Brokers


A Bitcoin forex broker is a platform that allows you to trade Bitcoin against other currencies. These platforms usually come in the form of an online exchange where you can buy and sell Bitcoin using fiat currencies like USD, EUR, or GBP.


Yes, most Bitcoin forex brokers are regulated by multiple financial authorities. This ensures that your money is safe and protected in the event of any unforeseen circumstances.


The main difference is that with a forex broker, you can trade Bitcoin against other currencies. This means that you can take advantage of any price movement in either currency to make a profit. Traditional crypto exchanges only allow you to buy and sell Bitcoin using other cryptocurrencies or stablecoins. Also, a forex broker will offer a much wider range of currency pairs to trade than a traditional crypto exchange. If you are looking to own Bitcoin, however, then a traditional crypto exchange would be the better option as a forex exchange only lets you trade Bitcoin using derivatives.


The main benefit is that you don’t have to own any Bitcoin to trade it. This means that you don’t have to worry about the volatility or managing a digital wallet. Also, as you are trading a derivative, you can take advantage of leverage to magnify your profits.


Yes, as with any form of trading, there is always the risk of losing money. However, if you trade responsibly and manage your risk effectively, then you can minimize these risks. Also, make sure to pick a reputable and well-regulated forex broker to trade with.

Jinia Shawdagor

About the Author

Jinia Shawdagor

Jinia is a fintech writer based in Sweden focused on the cryptocurrency market and blockchain industry. With years of experience, she contributes to some of the most renowned crypto publications such as Cointelegraph, Invezz and others. She also has experience writing about the iGaming industry.

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