Bitcoin Forex Brokers Reviews and Rating 2023

What is Bitcoin Cryptocurrency?

Bitcoin (strong) or in short BTC is an online virtual currency. In other words, Bitcoin is cryptocurrency or a form of digital currency that has been created and now used in trading and payment electronically online. There is no regulatory body for bitcoin and this virtual money doesn’t get printed out like all the regular money we are used to.

What makes it unlike regular currency we are all familiar with?

Bitcoin doesn’t have a physical image. It exists only online and can be used to pay for or trade against other currencies electronically with Bitcoin Brokers.

What is risky about the digical currency? What are the advantages?

Bitcoin is not regulated by any institution. While it is indeed risky, some people find it very comforting to not have their money constantly controlled by the central banks.

How did the digital money start?

A computer genius Satoshi Nakamoto suggested bitcoin – an unique currency completely uncontrolled by any of the government or regulatory authority, which can be used instantly for payments and services.

Our regular currency has always been linked to gold or silver. Bitcoin, unlike dollars and euros, is not based on any gold, but rather on mathematics.

Another interesting characteristic of bitcoin is that it is anonymous. You can have the money without it being linked to names or addresses or anything personal that links it to you directly.

Of course, there is a way to track the bitcoin transactions because a so called blockchain stores the history of bitcoin details used in every single transaction online.

If you use bitcoin address publicly, blockchain knows how many bitcoins is stored in that specific address, but it cannot link it directly to you. There are ways to hide that information as well.

Bitcoin is super fast. You can easily send money from one place to another and it shows up instantly. There is almost no transaction fee compared to bank fee for each transfer you make.

Where can you Trade Bitcoin?

Today Bitcoin is becoming widely accepted and used along side with the physical currencies all around the globe, including in investing and online trading.

Bitcoin hasn’t been around long enough in Forex trading yet, but it is gaining major interest from traders. At the moment there are only several brokers that allow deposit and withdrawal with Bitcoin.

List of Bitcoin Forex Brokers reviews

The list of Forex brokers that offer Bitcoin Trading in 2022

BrokerMin DepositPlatformsPaymentsLeverageRegulation
AvaTrade8 yes, MetaTrader 4, MetaTrader Floating Spread, Mac Trading, Web Trading, Mobile Trading, Automatic Trading, AvaOptionsyesyesCredit Cards, Debit Cards, Skrill, Wire Transfer, PayPal, Neteller, WebMoney1:400English, Chinese, Arabic, Spanish, French, Italian, Portuguese, German, IndonesiannoyesCentral Bank of Ireland, ASIC, Financial Services Commission of British Virgin Islandnoyesnoyesyesyes101011
LiteFinance7 + 15%yes 4, Metatrader 5, WebTerminalyesyes Skrill, Webmoney, Bitcoin, Advcash, Credit Card1:500English, Russian, Chinese, Malaysian, German, Arabic, Partugese, Spanish, French, Hebrew, Japanese, Greek noyesCySEC, Marshal Islands Business Corporation Act.yesnoyesyesyesyesyesyesyes111001
InstaForex6$100 No Deposit Bonusyes 4, Metatrader 5, WebtraderyesyesSome local Bank transfers, PayCo, AstroPay, Cryptocurrency1:1,000English, RussianyesyesRAFMMyesyesyesyes111001
XM7$30 no deposityes 4, Metatrader 5, XM WebtraderyesyesCredit/Debit Card, Neteller, Skrill, WebMoney, Bank Wire Transfer1:888Arabic, Chinese, English, French, German, Greek, Hungarian, Indonesian, Italian, Japanese, Malay, Korean, Polish, Portuguese, Russian, Spanish, Swedish, Turkish, Thai, VientamesenoCySEC, ASIC Australia, IFSC Belizenoyesyesnoyesno101011
OctaFX9 0.2up to 50%yes 4, Metatrader 5, cTraderyesyesNeteller, Skrill, Fasapay, Visa, Mastercard, Malaysian, Vietnamese, Indian, Indonesian, Bangladeshi local banks, Bitcoin, Unionpay1:500EnglishyesFCA UKyesyesyesyesyes110011
BlackBull Markets7 4, Metatrader 5yesyesBank Transfer, Credit Card Payments (Visa, MasterCard), Skrill, Neteller, China Union Pay, FasaPay1:500yesnoFinancial Services Provideryesyesyesyesyes1
Trading financial instruments carries high level of risk to your capital with the possibility of losing more than your initial investment. This site will not be held liable for any loss or damage in result from using the information within the site including forex Broker reviews 2022, market analysis, trading signals, learning resources and comparison tables. The data within this website is not necessarily real-time nor accurate and do not represent the recommendations of the employees. Currency trading is not suitable for all investors. Before deciding to trade currency or any other financial instrument please consider consider your investment objectives, level of experience, and risk appetite. While we do our best to provide up-to-date information, we strongly encourage you to verify it directly with the broker of your choice.