Forex crypto broker
A good FX broker for cryptocurrency should have a sound financial backing.
Top forex bonus list
This ensures that your digital coins are safe and that the forex broker will not go bankrupt soon after signing up with them. The last thing you want as a crypto trader is to get margin called simply because you could not log in to close an order. The cryptocurrency trading market is a 24/7 global market. The prices keep moving and are not limited to your time zone. Hence, when choosing a broker, you need to choose one whose platform offers full-time access.
Fxdailyreport.Com
Over the last few years, cryptocurrency trading has become one of the most attractive niches in forex trading. Other than it being extremely profitable, the lack of regulation is its biggest appeal. Still, cryptocurrencies like bitcoin, ethereum ripple, dash, and litecoin are dynamic, unstable instruments that need to be handled cautiously and in the most optimal way. To achieve this, you need to choose a trustworthy, well-established broker to carry out your cryptocurrency trading.
This is crucial to getting on the right track from the beginning when trading cryptocurrencies. When choosing a broker, it is important to note that not all are the same. A broker that meets the needs of another trader may not meet yours. Here are a few tips to help you choose the best forex broker for cryptocurrency trading:
- Regulation and reputation
To avoid dealing with an unprofessional broker and being scammed, you need to make sure all your crypto trades are made solely with a regulated broker. When choosing a forex broker to work with, make sure they are regulated within your jurisdiction to legally offer you their services. Regulated forex brokers are under constant supervision of the regulatory body. If you are in the UK, make sure to trade with a broker that is regulated by the FCA. If in europe, ensure they are regulated by the cysec. In case you are in australia, they should be regulated by the ASIC.
- An efficient trading platform
It is important to note that cryptocurrency trading is more volatile than forex. Therefore, it demands that the platform is superbly responsive to be able to make moves in time. A good broker’s platform should be efficient to use. To beat the competition, the best cryptocurrency brokers work to attract clients by creating an intuitive trading platform that is suitable for both experienced and new traders. They offer technical analysis tools and basic risk management features like take profit or stop loss. Other sites also offer additional features, including price alerts, social trading networks or advanced educational centers. The crypto trading platform should allow you to trade in the market manage your accounts, perform technical analysis, and receive the latest news on all cryptocurrencies.
Top recommended crypto forex brokers in 2021
broker | info | bonus | open account |
---|---|---|---|
min deposit: $5 spread: from 0.2 pips leverage: 500:1 regulation: FSA (saint vincent and the grenadines), cysec | 50% deposit bonus, real contest 1st prize luxury car BMW X5 M, copy trading, trade&win. | Visit broker | |
min deposit: $1 spread: from 0 pips leverage: 3000:1 regulation: cysec, IFSC | $100 no-deposit bonus, 100% deposit bonus | visit broker | |
min deposit: 0 spread: non-spread, fee 0.1% per trade leverage: non-leverage regulation: - | visit broker | ||
min deposit: $1 spread: from 0 pips leverage: 2000:1 regulation: FCA UK, cysec, FSP, bafin, CRFIN | 35% of the account deposit | visit broker | |
min deposit: $50 spread: starting 0 pips leverage: up to 400:1 regulation: FCA UK, NFA, CFTC, ASIC, IIROC, FSA, CIMA | visit broker | ||
min deposit: $300 spread: floating, from 0 pips leverage: 500:1 regulation: FCA UK reference number 579202 | visit broker | ||
min deposit: $200 spread: starting 0 pips leverage: 500:1 regulation: ASIC australia, FCA UK | visit broker | ||
min deposit: no minimum deposit spread: 1.2 pips leverage: 50:1 regulation: CFTC, NFA, FCA, MAS, ASIC, IIROC | visit broker | ||
min deposit: $10 spread: leverage: regulation: cysec | - | visit broker | |
min deposit: $200 spread: from 3 pips leverage: 400:1 regulation: NFA, FCA, cysec | visit broker |
- Transparent fees and commissions
All brokers, whether trading crypto coins or forex, charge commissions and offer margin accounts to traders. A reliable forex broker for crypto coins should inform you precisely the type of fees and commissions they charge as well as the risks involved. The common fees and charges made by brokers include:
• wallet fees
• transaction fees
• trading fees
- Competitive technology
The last thing you want as a crypto trader is to get margin called simply because you could not log in to close an order. The cryptocurrency trading market is a 24/7 global market. The prices keep moving and are not limited to your time zone. Hence, when choosing a broker, you need to choose one whose platform offers full-time access.
For instance, when trading cryptocurrencies, mobile apps are a necessity as you may need to make or break deal-critical decisions throughout the day. If possible, consider using a reputable broker with a mobile app so that you are able to make successful trading decisions even while in transit.
- Access to crowd wisdom
Today, there are some broker platforms that let you leverage the wisdom of seasoned cryptocurrency traders. This feature can go a long way in improving your returns on investment. Such a trading platform lets you observe the hottest trading trends of other seasoned and successful traders in the market.
Digital currencies trading keeps growing in popularity by the day. More and more people, be it speculators or beginner traders want to be able to make key decisions on time, every minute. Therefore, they need to have a setup ready as soon as they are verified by a broker. When choosing a cryptocurrency broker to trade with, consider one that can quickly get you started so that you can begin trading with minimal downtime.
- User-friendly platform
This is one of the most important features to consider when choosing a trading platform to trade with. Digital money trading can be unclear, especially when a technical language is used. Also, because digital money works a little bit differently from any traditional money system. A good broker should be able to understand blockchain and cryptography terms. They should make an effort to explain it in their platform to make it easy to understand by a layman.
They should include clear notifications about the spreads offers, leverage available, deposit methods, the minimum cryptocurrency deposit to trade and the least amount that can be placed in a trade. Make sure you are able to establish all these details before registering with a broker.
- High-quality customer service
Cryptocurrency trading occurs 24/7. This demands the need for round the clock customer support. Better still, live support is highly preferred over auto attendants taking into consideration the intricacies involved in trading digital currencies.
- Deposits and withdrawals
Make sure to choose a broker that allows deposits and withdrawals through multiple platforms such as wire transfer, credit/debit card e-payment among others.
- Good financial backing
A good FX broker for cryptocurrency should have a sound financial backing. This ensures that your digital coins are safe and that the forex broker will not go bankrupt soon after signing up with them.
Cryptocurrency trading is a risky investment. New and fraudulent forex brokers for cryptocurrency trading are emerging every month, launching with crafty marketing campaigns intended to prey on an innocent investor. Therefore, ensure you proceed with caution. Cryptocurrencies are extremely volatile instruments to trade. So, ensure you are in the know of any breaking news, regulatory matters, and rumors which all dictate the market behavior. Above all, make sure you are working with a reputable, reliable and experienced broker.
While it would be easier to point a finger and tell you the best crypto broker, we know and understand that each client has different preferences. Be knowledgeable about all your options and think about how you can spot a broker that is safe now, and in the long-run.
Forex vs crypto trading: what is your best choice? 2021 guide
Since the cryptocurrency boom of the late 2010s, many traditional forex / CFD brokers have begun to offer trading in the most major liquid cryptocurrencies such as bitcoin, ethereum, tether and ripple.
This has made trading in cryptocurrencies considerably easier. You may choose to trade traditional forex currency pairs or cryptocurrencies after opening an account with many major brokers – or both!
Etoro is one of the brokers that provides the ability to trade forex as well as 90+ cryptocurrencies. It is important to know what you are getting into when you make that choice. With this article, we will try to help you navigate the pros and cons of each asset class.
What is forex?
Forex stands for foreign exchange and it is a global market of exchange between national currencies, with the highest trading volume and liquidity. Every day transactions are concluded worth a total of approximately $6.6 trillion, made up of over 150 government-backed national currencies.
When the exchange rate of two currencies quoted against is other is given, it is called a currency pair or cross. When the biggest currencies by volume are quoted against each other – all involving the U.S. Dollar – they are called “currency pairs”. Pairings not involving the U.S. Dollar are called “currency crosses”. The most important currencies, i.E. Those with the greatest trading volumes, are the U.S. Dollar, the euro, the japanese yen, and the british pound.
Usually, forex pairs are offered for trading as contracts for differences (cfds). This means that you don’t actually buy legal ownership of any currencies when you make a trade, you just agree to make profit or loss by a defined amount according to the movement of the broker’s price feed. Even where brokers offer forex trades as “spot” and not cfds, there is almost always a legal mechanism in place to stop you ever having to take delivery of any amount of actual currency.
Pros and cons of forex
The forex market is highly sensitive to global events which makes foreign currency exchange rates very susceptible to economic data releases, central bank policy changes, and macroeconomic and political events.
Forex as an asset class has relatively low volatility. This is because forex assets are fiat currencies managed by central banks, and these banks can expand or reduce supplies of their respective currencies as they wish, giving them the ability to turn both demand and supply on or off. As central banks generally strive for relatively stable exchange rates for their currencies, forex tends to be a relatively stable mean-reverting market most of the time, although persistent trends do of course happen, especially in the biggest currencies such as the U.S. Dollar and the euro.
The cost of trading forex is relatively low. For example, retail forex traders typically pay a spread and/or commission of approximately 1 pip on a round trip trade in the benchmark EUR/USD currency pair, which represents a cost of approximately 0.08% of the value of the asset traded. The costs of trading or investing in cryptocurrencies tends to be considerably higher.
As price movements in forex tend to be relatively calm with low volatility, regulators tend to allow retail forex brokers to offer high leverage in forex currency pairs – as much as 30 to 1 even in highly regulated jurisdictions. This means that if you trade forex, you can usually buy and sell much more forex than the actual money you have deposited in your account, although it is not generally a good idea to be very highly leveraged.
The retail forex market is generally open from monday morning in the far east until friday night in the U.S.A. Essentially, it is open for business 24 hours per day, 5 days per week – and there are even a few brokers beginning to offer trading over the weekends, too.
There are three major forex market sessions: american, european, and asian, which occur during the usual business hours of these geographic areas. The sessions are dominated by new york, tokyo, and london as the most important global financial hubs. Broadly speaking, the forex market is most active and best traded during the london / new york session overlap, from approximately 9am to noon new york time.
What is cryptocurrency?
Cryptocurrencies are digital currencies, which have been created by private individuals, groups, and in some cases banks and other companies. Cryptocurrencies are not legal tender which means they are not readily exchangeable for goods and services in the way that national currencies are, but one day they may be – there are already many business which accept the larger cryptocurrencies as payment.
If you buy and sell cryptocurrencies in the real market, your transactions are made through a decentralized and encrypted system, which goes a long way towards ensuring anonymity.
Transactions in cryptocurrencies are enacted through blockchain technology, which also regulates a finite supply and the integrity of its ecosystem, ensuring that it cannot be debased.
The cryptocurrency market had in 2020 an average daily trading volume of approximately $4.1billion, making it about two-thirds as large as the forex market. The first digital currency was bitcoin, launched in 2009. Bitcoin is by far the largest and most famous cryptocurrency. In october 2020, the market capitalization of bitcoin was estimated at $204 billion, and the market capitalization of all cryptocurrencies at $350 billion.
There are two ways to trade or invest in cryptocurrencies. If you want to buy real cryptocurrencies and hold the legal ownership, you can do this through major cryptocurrency exchanges. There is typically some kind of fee for ensuring security of the custodianship plus a commission, but this can be the most effective way to make a long-term investment. On the other hand, you can trade cryptocurrencies with most major forex / CFD brokers today packaged as contracts for differences (cfds) and as ownership is virtual – you are just betting on price fluctuations here – you do not have to worry about security and storage and any such associated fees. However, retail brokers apply overnight financing charges / swaps which mean in effect that you pay a fee for every day you keep a crypto trade open, which is why this route is better for short-term trading than long-term investing.
Lowest trading costs for popular crypto markets*
Last updated:
Pricing delayed by 15 minutes. For live market pricing login.
Last updated:
market‡ | spread† | margin rates | overnight finance (long) | overnight finance (short) |
---|---|---|---|---|
bitcoin ($) | from 35 | from 25% | 0.0411% (pay) | 0.0136% (receive) |
bitcoin (£) | from 45 | from 25% | 0.0411% (pay) | 0.0136% (receive) |
bitcoin (€) | from 55 | from 25% | 0.0411% (pay) | 0.0136% (receive) |
bitcoin (AUD) | from 55 | from 25% | 0.0411% (pay) | 0.0136% (receive) |
bitcoin cash ($) | from 2 | from 25% | 0.0411% (pay) | 0.0136% (receive) |
ethereum ($) | from 1.2 | from 25% | 0.0411% (pay) | 0.0136% (receive) |
litecoin ($) | from 0.5 | from 25% | 0.0411% (pay) | 0.0136% (receive) |
ripple ($) | from 0.6 | from 25% | 0.0411% (pay) | 0.0136% (receive) |
† may change due to market conditions
‡ trading hours on cryptocurrencies are 22:00 sun - 22:00 fri
Lowest costs on your crypto trading compared to global competitors
We’re proud to offer the lowest costs on your crypto trading among these global competitors*, with market-leading pricing on bitcoin, ethereum, litecoin and ripple markets.
*table is for comparative purposes only and features representative spreads from global competitors on their websites and platforms, and is correct to the best of our knowledge, as of 23/01/2020 11.00am BST. Trading costs are based on a bitcoin ($) price of 9,000 and a 1 CFD trade, representing a total notional volume of $9,000. Plus 500 costs include the cost of reopening trades due to forced expiration dates. Positive numbers imply charges to client accounts; negative numbers imply credit received by clients.
Why trade cryptos as cfds with FOREX.Com?
Take advantage of crypto volatility
A trading partner you can trust
Trading vs. Owning crypto
cfds | owning crypto | |
---|---|---|
profit from rising crypto prices | ✔ | ✔ |
profit from falling crypto prices (go short)** | ✔ | |
trade on margin | ✔ | |
trade on volatility - no need to own the asset or have an exchange account | ✔ | |
no exchange fees or complicated digital wallets | ✔ | |
lock in profits and cap losses with risk management tools | ✔ |
**shorting only available on BTC and ETH.
Please be aware that owning cryptos does not have the same associated cost as trading it, and in some instances, it may be more costly to trade it.
Cryptocurrencies available for trading
Bitcoin
Ethereum
Litecoin
Ripple
How to trade thematic indices
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Trade cryptos on metatrader 5
Cryptocurrencies aren’t available on MT4, but they are on MT5. With improved charting, exclusive indicators and the ability to trade 500+ markets including cryptocurrencies, stocks, FX pairs, indices and commodities all on one platform, metatrader 5 offers next-generation trading and tools.
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Trade with confidence and benefit from the reliability of a trusted broker with a proven record of stability, security and strength.
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Please note that foreign exchange and other leveraged trading involves significant risk of loss. It is not suitable for all investors and you should make sure you understand the risks involved, seeking independent advice if necessary.
Contracts for difference (cfds) are not available to US residents.
FOREX.Com is a trading name of GAIN global markets inc. Which is authorized and regulated by the cayman islands monetary authority under the securities investment business law of the cayman islands (as revised) with license number 25033.
FOREX.Com may, from time to time, offer payment processing services with respect to card deposits through its affiliate, GAIN capital UK ltd, devon house, 58 st katharine’s way, london, E1W 1JP, united kingdom.
GAIN global markets inc. Is part of the GAIN capital holdings, inc. Group of companies, which has its principal place of business at 135 US hwy 202/206, bedminster, NJ 07921, USA. All are separate but affiliated subsidiaries of stonex group inc.
The best brokers for crypto trading in 2021
Choosing the best forex brokers for crypto trading in 2020 can be difficult. Have you found yourself inundated with brokers promising you the ‘greatest’ cryptocurrency trading experience possible?
The excellent news is that our experts are here to help. We’ve done all the hard work for you. By testing and reviewing hundreds of cryptocurrency brokers, we’ve managed to create a complete list of only the very best. Any broker you choose from our list of best cryptocurrency brokers will be safe and reputable. They also all offer plenty of cryptocurrency trading opportunities, fair fees, and proficient platforms.
This page also provides you with expert advice on crypto trading, to ensure that you have all the information you need to get started. Check out our list of the best forex brokers for crypto trading below or read on to learn more about:
- How we choose the best cryptocurrency brokers
- How to claim cryptocurrency trading bonuses
- Which are the best crypto trading platforms
- How to trade cryptocurrencies on mobile
The best crypto brokers for 2020
How we find the best brokers for crypto trading
To find the best brokers for crypto trading, our team of experts has developed a rigorous review methodology based on many years of professional experience.
Our unique approach comprises analyzing 200 points across 10 key categories for each broker. We look at everything from licensing and a broker’s reputation to the quality of educational materials they offer and the fees they charge.
We understand that not every category holds the same weight for an impressive trading experience, which is why we assign each a different level of importance when calculating the final score. For example, licensing and regulation contribute far more to the score than educational materials.
When analyzing brokers for cryptocurrency trading, we also look at features important to you as a crypto trader, such as:
- Extensive crypto pairs and CFD options
We look for brokers who offer you a variety of crypto trading options, such as being able to trade crypto coins against other crypto coins, like the BTC/XRP, cryptos against fiat currencies, like BTC/USD, and cryptos against commodities, like BTC/gold.
Our top brokers also allow you to trade crypto cfds and provide opportunities to make physical crypto trades too. With physical crypto trading, you’ll be able to buy cryptocurrency coins and sell them at a later date.
- A wide range of different coins
The best forex brokers for crypto trading must offer a variety of coins for you to trade. We look for brokers who offer the most popular coins, including bitcoin, ripple, ethereum, litecoin, and so on.
We also check to make sure they offer some alternative coins too, such as quantum, steem, stellar, and more. This ensures you have plenty of trading opportunities.
- Accessible paymentmethods
We look for brokers who accept deposits in BTC, and other cryptos, and allow for crypto withdrawals too. If you prefer sticking to fiat currencies, you can rest assured our top crypto brokers also support traditional payment methods such as credit/debit cards, bank transfers and e-wallets.
- Excellent tradingplatforms
As cryptocurrency trading demands different trading conditions to forex, we make sure all of our recommended brokers offer efficient and user-friendly trading platforms. We also make sure that these platforms are customizable and offer you all the tools and indicators you need to succeed.
- 24/7 customer support
The crypto market is not centralized like the forex market, so it never closes. This means that you need access to round the clock support should anything go wrong. All of our best brokers offer friendly and knowledgeable account managers who are ready to help you whenever you need them.
Discover our top cryptocurrency brokers
Our team of experts has conducted comprehensive reviews to find the best brokers for crypto trading. We’ve analyzed these brokers from front to back and tested the services they offer to ensure their marketing aligns with reality.
Only the most reputable brokers that offer an outstanding trading experience have made it onto our list of the best brokers for crypto trading. Below you can learn more about our top 3 brokers for cryptocurrency trading.
Etoro
Plus500
Do cryptocurrency brokers offer trading bonuses?
Some forex brokers offer bonuses, depending on which authority regulates the broker and where they offer their services. In the european union, the law doesn’t permit brokers to offer bonuses however, outside the EU, many brokers offer attractive bonuses to new and existing clients regularly.
If you choose one of our recommended brokers for crypto trading, you can expect to enjoy these great bonuses too. Some of the bonuses available include:
- No-deposit bonuses – these bonuses are for new clients and you will receive the incentive without having to make a deposit.
- Deposit bonus – you will receive a deposit bonus when, as the name suggests, you make a deposit with a top cryptocurrency broker. The bonus is usually worth a percentage of the amount you deposit. These bonuses may be limited to your first deposit only or as part of an ongoing promotion for any deposit you make. Some brokers will require a specific minimum deposit for you to be eligible for the bonus.
- Loyalty bonus – the best cryptocurrency brokers offer this type of bonus to existing customers. The size of the bonus you can claim is usually calculated based on your trading activity.
- Referral bonus – in this case, you will receive a bonus for every person you refer who opens an account and makes a deposit.
All trading bonuses are subject to terms and conditions. For example, some brokers require you to conduct a certain volume of trades before you can withdraw the bonus, while others won’t let you withdraw the bonus at all.
Discover the best crypto trading platforms
Whilst you can trade crypto using a broker, you may need to use a different trading platform. Crypto is different from currency pairs. As there’s no centralized market, the setup isn’t quite the same.
For example, metatrader 4 can only handle crypto trading if the broker makes some adjustments to the code. In contrast, you can use a platform like metatrader 5 to trade crypto immediately. Many brokers also offer their own proprietary platforms that you can use for cryptocurrency trading.
Metatrader 5
Metatrader 5 allows you to trade cryptocurrencies and other assets including currency pairs. To trade crypto using MT5, you need to open an account with your broker. Once this has been done, you can log in to MT5 using the details provided. You’ll then need to right-click on the market watch window and go to the symbols tab. Select crypto from the list, then click show. MT5 will add all the crypto-based instruments your broker offers to the list.
The biggest advantage of using MT5 to trade cryptocurrencies is that it offers all of the same amazing charting and analytical tools as MT4. If you already trade forex, you’re likely to already familiar be familiar with metatrader too, which means the learning curve is minimal. If you have a diverse trading portfolio, MT5 is also beneficial as you can view all of your positions at once. This allows you to flick between monitoring your cryptocurrency, currency and other asset trades.
Proprietary crypto trading platforms
Some of the best forex brokers for crypto trading have developed their own trading platforms that also support trading crypto coins. These platforms are very user friendly and offer all the tools you could need to trade effectively. Like metatrader 5, they also allow you to trade a wide range of instruments from the same platform, making it easier for you to diversify your trading portfolio without having to use multiple systems to trade.
Other benefits of proprietary trading platforms include:
- You don’t have to open multiple e-wallets to trade different cryptocurrencies
- You can trade multiple crypto-based instruments and not just the coins themselves
- You can withdraw your money easily, which can be a challenge with a standard crypto exchange
Etoro, for example, has built an outstanding trading platform. It’s easy to use, very intuitive and includes all the tools you need to trade effectively. The platform also allows you to take advantage of a robust social trading program, which can be highly beneficial if you’re still learning how to trade.
Trading cryptocurrencies on mobile
If you want to use one of our best forex brokers for crypto trading on mobile, you’re in luck. All of the best cryptocurrency brokers offer a mobile counterpart so that you needn’t stop trading even when you’re on the go. You can download MT5 on both android and ios, and many of the best proprietary trading platforms are also available as native apps.
Best cryptocurrency brokers for 2021
Daniel ‘harris’ major
I have tested 40+ crypto brokers. You can find the best cryptocurrency brokers below. This is by far the easiest way to get started with cryptocurrencies.
Cryptocurrency trading has become really popular in the past years. It’s growing more ever year.
Many big trading brokers have already added some of these cryptocurrencies. Everybody can sign up and start trading bitcoin or other crypto coins. This is the easiest and probably the simplest way to invest in cryptocurrency.
After trying out most brokers, here are the best cryptocurrency brokers:
Best cryptocurrency brokers (non-US traders only)
Plus500 – top rated trading platform
Plus500 is a big name in the trading industry. They have a really low minimum deposit requirement and a great trading site.
Buy/sell cfds on bitcoin in addition to buying stocks, commodities, forex etc (traded only through cfds). Plus500 is the most complete trading platform.
- Trade cfds on bitcoin & many other cryptos
- Minimum deposit is only $100
- Regulated and trusted platform
- Very fast signup process
- Live chat
- Many payment methods (even paypal)
- You cannot withdraw any cryptocurrency
- You have to complete a questionnaire, upon sign up
Plus500 disclaimer: 76.4% of retail CFD accounts lose money.
IQ option – lowest minimum deposit ($10)
If you don’t want to make a huge initial investment, then IQ option is the best broker for you. The minimum deposit requirement is only $10. This is by far the lowest in the industry.
- You can trade many cryptocurrencies
- Minimum deposit is only $10
- Best trading platform
- Multiple account currencies
- Free demo account
- Regulated by CYSEC (#247/14)
Etoro – top crypto broker
Etoro is a really popular trading site. They have been around since 2006. Etoro is regulated by CYSEC, FCA and ASIC.
Buy/sell bitcoin on etoro in addition to buying stocks, commodities, forex etc. Etoro is the most complete trading platform.
- Trade bitcoin & many other cryptos
- Minimum deposit is $200
- Regulated and trusted platform
- Australian traders are also accepted
- Great support team
- Many payment methods (even paypal)
- You cannot withdraw any cryptocurrency
- You have to complete a questionnaire, upon sign up
Etoro disclaimer: 71% of retail CFD accounts lose money.
Highlow – best all-round crypto broker
Due to regulation highlow stopped accepting traders from the EU and UK.
Highlow is an australian trading broker (AFSL no.364264). What I like most about this broker is the intuitive platform. It is so easy to use. Especially new traders will like the clean layout.
I’ve been using highlow for a few years now and I never had a problem. Highlow publishes their number of trades on the homepage. There are millions of trades on this broker each month.
I use the main platform which is web based. This means, that you don’t have to download any software. This platform is stable and safe (they use SSL).
I have also tried the ios app and the android app. They are great, but I just don’t like trading on smartphones in general.
The payouts on highlow are amazing (up to 200%, which is more than on other brokers).
Highlow is a great broker for cryptocurrencies (but only if you are not from EU,UK, US). They have a good reputation, great support team and awesome promotions for new traders.
- Trade bitcoin & other cryptos
- Minimum deposit is only $50
- Regulated and trusted platform
- Fastest signup process (no questionnaires)
- Multiple account currencies
- Free demo account (no registration needed)
Nadex – US traders welcome
Nadex is a CFTC regulated broker. In fact, this is probably the only US broker that has this regulation.
Only US traders are allowed on nadex. Non-US traders check out the next broker.
Update OCTOBER 2019: looks like nadex removed crypto trading. After contacting them I found out that they will add it back soon. Register on nadex now and get updated when they add it.
Recently, nadex started offering bitcoin trading.
- Trade bitcoin, forex or binary options
- Minimum deposit is $250
- CFTC regulated broker
- Great support team
- Many payment methods (even paypal)
Crypto brokers with most cryptocurrencies
Here are the most popular cryptocurrencies offered by cryptocurrency brokers:
- Etoro – bitcoin, ethereum, litecoin, dash, ethereum classic, NEO and ripple.
- Plus500 – bitcoin, ethereum, litecoin, bitcoin cash, ripple, IOTA.
- Avatrade – bitcoin, ethereum, ethereum classic, ripple, dash, bitcoin cash litecoin, monero and NEO.
Lowest minimum deposit brokers
These are the best brokers with low minimum deposit requirements:
- Etoro – $200
- Plus500 – $100
- Avatrade – $100
This is really important because the crypto market itself is unregulated. Depositing on a regulated broker means that your money is safe.
We’ve also looked at the support team and the payment methods. You can deposit easily using multiple payment methods on the brokers below.
Top rated brokers that have cryptocurrencies
While we are all familiar with the broad definition of a broker, is there something more to it when it comes to cryptocurrencies?
Simply put, a cryptocurrency broker refers to a website that traders will visit to trade cryptocurrencies at a set price. In many ways, they are similar to forex brokers whose services are a lot more familiar to the general public.
Etoro disclaimer: 71% of retail CFD accounts lose money.
You still can’t decide which broker is best for you?
How to choose your cryptocurrency broker
Is leverage really necessary? Cryptocurrency markets are volatile in nature with prices fluctuating immensely thereby generating high profits even in the absence of leverage. But for some traders, the desire for more earnings justifies the use of leverage.
Before choosing your broker, settle yourself on whether the already immense profits that come from a cryptocurrency market are enough for you or you would like to use leverage to enhance them even further, bearing in mind, of course, that will also significantly increase the risk factor to your funds.
Negative balance protection: it is always advisable to trade with a broker that affords the negative balance protection facility. That way, you will never be at risk of losing more than what you invested in case you sustain very heavy losses.
How suitable is the required capital for you? This is another subjective part to your decision. Do you prefer trading with a small capital or bigger one to help you zero in on bigger returns? Find out what size trades your broker is offering before you open an account.
Narrow spreads for the win: let us be honest, it is only fair that your broker gets a cut from the money you generated having provided you with the essential facilities for it and all. But let us be honest, you definitely want every last dime for yourself.
A spread refers to the difference between the buying price and selling price of a trade and it varies with each broker. The spread is what counts as fees for your broker so the smaller it is, the lower the cost will be on your part.
Lets go into what aspects you as a trader must consider when choosing a broker to trade cryptocurrencies.
Which cryptocurrencies are you interested in trading?
Make sure you have decided on which cryptocurrencies you want to trade in before signing up with your broker.
If your choice is a prominent cryptocurrency like bitcoin (official site), litecoin (official site), or ethereum(official site), there will be a relatively broad availability of brokers that have trading options for those. However, less prevalent examples like monero, IOTA, or zcash may be a little harder to come by.
So study the cryptocurrencies being offered by a broker before you sign up for an account.
Pros and cons of cryptocurrency brokers
Here are some features that these broker have or don’t:
pros
- Signup up with a crypto broker is probably the fastest way to get started with cryptocurrency trading
- If you are less tech-savvy then a broker is safer for you
- You can start buying cryptocurrency while traditional exchanges don’t always accept this payment method
- Most of the time you can’t withdraw cryptocurrencies from a broker. You have to exchange it back to fiat money (USD/EUR etc.)
Cryptocurrency brokers – what to look for
Here are some of the more understated details about your cryptocurrency broker that could make your trading experiences so much more efficient and successful.
1. What are the weekend hours like?
This is a key detail that distinguishes cryptocurrencies from other prominent trading markets like forex, futures, and equity. Cryptocurrency brokers operate during the weekends as well.
There is virtually no difference in purchasing bitcoin at the end of the week as opposed to the middle of the week during peak hours.
But there is a catch. While digital currency exchanges are available during the weekend, your broker may not (why is the stock market closed on the weekend?). So in effect, if there is considerable movement within your relevant cryptocurrency market during a weekend when your broker is not operating, you may not have the ability to respond in any way.
2. How is it hedging?
Your broker is probably not keen on revealing if it is hedging cryptocurrency traders but it is important information for you to know.
Why is it so important for you to know?
Because, as a trader, you want to be absolutely in the clear regarding the policies for risk management being followed by your broker. Let us not forget that cryptocurrency markets are extremely volatile and an unhedged broker is more easily prone to major losses incurred by its clients. Naturally, those costs will warrant compensation via fatter spreads and additional costs for traders. It will be best to sign up with a broker that will not withhold the relevant information from you.
More great features you could be interested in
Commissions and trading on margin – an important thing to note while trading cryptocurrencies is that their prices tend to be more similar to equities than they are to real currencies. So your broker could be charging you commissions in addition to a wide spread on each trade. That, of course, raises the cost probably a bit much for your liking.
Another similarity with equities is that the margin conditions with cryptocurrencies are significantly more than they are with forex or cfds. Consequently, leverage is usually up to 10x. How considerable the margin rate will be for traders is down to what trading strategies and risk management they subscribe to.
Authenticity of market data – aside from merely evaluating how it influences spreads, market data for cryptocurrency CFD prices can be a good indicator of how the quality of the product will be in the future.
One of the more recent examples of this is BTC-e which was an immensely popular platform for trading bitcoin before it was shut down by feds. BTC-e was the first bitcoin exchange to incorporate forex trades and so made their exchange accessible via MT4 and supplied cryptocurrency liquidity for brokers.
But once it was shut down, every broker that depended squarely upon BTC-e was left with no hedging options or market data to put a price on its crypto cfds.
Are short sales available? For many traders, shorting is a crucial strategy option, the lack of which can be a deal breaker with a potential broker. Many brokers tend to offer ‘long’ only since there are only a few hedging solutions when opening short trades.
As you see, investing in cryptocurrencies can be a truly lucrative venture for you but only if you get it right.
And a lot of that is down to which broker you decide to trade with.
Ready to start trading?
Trade with the cryptocurrency brokers listed above to make sure that your money is safe, you pick a broker with a stellar reputation and you keep the fees low. Excel at trading bitcoin by creating your own trading strategy.
These cryptocurrency brokers make it really easy to trade bitcoin and other coins. You don’t have to be a trading expert. It helps if you know what a blockchain is or how the ledger and transactions work, but this is all optional.
Sign up now and see for yourself how easy it is to get started.
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Forex vs crypto - the pros and cons
Forex, or to give it its full title: foreign currency exchange, is well established as one of the most popular trading products in the world with around $5 trillion traded every day. The forex market deals only in the 180 worldwide ‘fiat’ currencies; these are all currencies which are legal tender and backed by a centralised government.
On the other hand cryptocurrency aka ‘digital currency’ is a relative newcomer, but is rapidly making its mark with the number of investors increasing every year. Cryptocurrencies are purely a ‘virtual’ currency and although often described as coins, there is no physical element. These products are traded in two very different ways.
This article covers the relative advantages and disadvantages of forex trading versus cryptocurrency trading and outlines the comparative advantages and disadvantages of trading in each.
Forex is a tax-free way to trade but can produce substantial losses; cryptocurrency trading often involves investing in a particular cryptocurrency asset. Both carry inherent risks and rely on timing.
Both forex and cryptocurrency investment have associated costs. Cryptocurrency is subject to capital gains tax, unlike forex trading. Forex trading can often demand more complicated and costly fees.
Forex trading is an established and tangible commodity. Like cryptocurrency trading, the market is extremely volatile. Cryptocurrency is simpler to understand but operates outside of existing government-backed structures.
Trading payouts and losses
Forex and cryptocurrencies both offer excellent trading prospects with the potential to produce excellent results. However, both have their pitfalls and the potential for high losses to be incurred.
Forex offers an unrivalled opportunity to enter the world of trading with a very moderate investment and the possibility of unlimited tax-free payouts. But the same must be said for the potential to incur high losses, especially if suitable precautions are not in place to prevent them.
With cryptocurrencies, there are numerous ways to trade, but the most common option is to buy the asset itself. In straightforward terms, the aim is to buy at a low price and then hold until there is potential for selling higher to achieve maximum payout.
Selling at the wrong time or buying at a high price and being forced to short in the interest of ‘damage limitation’ will result in a loss, the extent of which will depend on several factors including the level of your original investment and any trading fees incurred.
The costs of each method
Both forex and cryptocurrency trading will incur expenses in addition to your investment. Both are very different markets and it is essential to understand the differences between a forex broker and a cryptocurrency exchange platform; not only in terms of their function but in the calculation of your overall trading costs.
Forex trading is not taxable, but trading fees are inevitable and the actual cost of each trade remains unknown until it is complete. A broker may offer you a fixed rate per trade or may take fees as a percentage commission based on the value of each transaction. Also, longer trades may attract ‘overnight funding’ fees and there will be the cost of the spread, which will vary depending on the end price.
Crypto trading is subject to capital gains tax based on profit. You will also have to pay for the use of an exchange platform, which will inevitably charge fees per trade, but may also take a small percentage when depositing or withdrawing funds. Currently, there is much variation in the terms and conditions between exchanges, so it is well worth doing your homework to find the best option.
Lastly, you will need to store your cryptocurrency in either a digital wallet or in ‘cold storage’ with a specialist provider. Both options have either one-off or ongoing periodic fees to add to the overall cost of trading.
Which trading type suits you
Forex trading is the most popular form of trading in the world. All fiat currencies are legal tender which is government-backed; in that respect, they are considered reliable and tangible commodities.
Conversely, forex is undoubtedly a volatile market, much-affected by political and economic events. It requires a good level of understanding and there is the potential for significant losses, primarily if you use high leverage.
Cryptocurrencies are the complete opposite, there is no government backing, you have to trust the integrity of the company responsible for creating the currency and there is no actual commodity.
On the whole, crypto trading is easier to understand but is also extremely volatile. It is more susceptible to market trends than world events, making it much harder to formulate a solid trading plan.
On the whole, crypto trading is easier to understand but is also extremely volatile.
The final pros and cons
Both the forex and cryptocurrency markets experience volatility, a factor which is either seen as a negative or a positive, depending on your trading strategy. Either of these commodities will need you to acquire specific skills and have the right mindset to make the most of opportunities.
Forex pros: the forex market has a continuous and liquid supply of numerous currencies. Entry costs are low and there is a wide variety of trading options. There is potential for high, tax-free payouts, especially when leverage is used to its best advantage.
Forex cons: there is a level of complexity to the forex market and thus more to learn. Inappropriate use of leverage increases the possibility of high losses. There are hidden costs, which will not be clarified until a trade has completed.
Crypto pros: cryptocurrency is a finite commodity, making it more desirable: low supply = high demand. Anonymous transactions mean that the market is open to all. Trading costs are low and there is potential for high returns.
Crypto cons: cryptocurrency trading is taxable, meaning you must maintain extensive (per trade) records. Crypto wallets are essential and it is your responsibility to keep passkeys safe, failure to do so will mean total loss of the contents.
Although you may ultimately choose between these two forms of trading, it is equally plausible to use both or even binary options as well in your quest to achieve a well-balanced, enjoyable and hopefully profitable investment portfolio!
Crypto trading
Crypto: should I buy or trade cryptocurrency?
The idea of investing in cryptocurrency is a tempting one, for both new traders and those already trading other commodities. It’s also, understandably, something that many traders are wary of. It’s widely known that the original cryptocurrency, bitcoin, made some of its early investors a huge profit. Bitcoin hit mainstream news when its value rose sharply in 2017, resulting in some of the early speculative investors becoming ‘bitcoin millionaires’ almost overnight. This brought cryptocurrency trading to the attention of many more mainstream investors, who were keen to get involved and hopefully find the ‘next bitcoin’ in the vast sea of digital currencies now available.
Read on to find out more about buying and trading cryptocurrency. It is certainly not suitable for every trader, and a lot will depend on your appetite for risk, as well as your overall investment goals. Digital currencies are highly volatile, so the risks involved should be carefully considered.
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What is cryptocurrency?
Cryptocurrency refers to digital money, traded in the form of virtual tokens often referred to as coins, even though there are no physical coins associated with the currency. Your crypto funds actually take the form of digital codes, which can be stored by you either online or off, traded online for other currencies (both virtual and fiat), or exchanged for goods and services. You will hear cryptocurrencies also referred to as digital currency, virtual currency, digital coins, virtual coins, or sometimes altcoins (generally understood to refer to ‘alternatives to bitcoin’ and used for all other digital currencies).
While the original cryptocurrency, bitcoin, still leads the market by a long way in terms of value and popularity, there are now a total of over 1,600 cryptocurrencies on the market, with new ones being developed constantly.
Which cryptocurrency should I choose?
This is a very good question, and the answer will depend on you and your investment aims. Many beginner traders start with bitcoin, but there are many other, and arguably much more exciting, options available. After bitcoin, some of the most popular cryptocurrencies include (but are certainly not limited to):
- Ethereum
- Ripple
- Litecoin
- Dash
- Monero
The important thing is to thoroughly research all options when it comes to cryptocurrency trading. Understand what you are buying, how well established it is, and how volatile it is. High volatility is common with cryptocurrencies, and it is what creates the potential for high profits, but also what creates the risk of potential losses.
Buying crypto
There are a couple of ways to buy cryptocurrencies. You can use a peer-to-peer crypto exchange, or buy (and sell) currency through a broker. If you choose to buy cryptocurrencies and hold them for a while, you’ll need to set up a crypto wallet to store your digital coins in, either online or off.
I’ve decided on my crypto – what next?
Do your research. It’s exciting to enter a new market as a trader, but it’s vital to educate yourself and know as much as possible about crypto trading before you get started. There are lots of free educational resources online in the form of in-depth articles, training videos and e-courses.
The next step is to open a suitable account. You will need to find an account you are happy with, either at a crypto exchange or a brokerage that offers cryptocurrencies among its tradable assets. If you already have a broker that you trade with and trust, start by checking if they offer crypto trading. Remember that if you use a peer-to-peer crypto exchange, you will also need to set up suitable crypto wallets to store your digital currencies in.
The bottom line
Trading cryptocurrencies is an exciting prospect, with potential for a significant profit, but it is also a high-risk option and not one that you should jump into blindly, even if you are already an experienced trader. Take some time to research the different coins available, get familiar with the market, review the different options available to you, and study the price movements of the coins that interest you. Whether you decide to buy and sell cryptocurrency on an exchange or trade it via a brokerage, ensure that you know exactly what’s involved before you start.
Forex brokers for US traders (accepting US clients)
Below you will find a list of forex brokers accepting US traders as clients. Due to the strict and complicated regulatory environment, it became quite a challenge for FX companies to operate in the US. To make it worse, thanks to the dodd-frank act and the memorandum of understanding, many licensed forex brokers all over the world stopped accepting US clients. Still, there are some offshore countries where local authorities haven't yet imposed the restrictions. Unfortunately, most unchained brokers are not regulated, although that’s exactly the reason why there’s an opportunity to open a trading account with them. Notable benefits of going offshore: no hedging prohibition, no FIFO rule application and trading leverage is much higher.
Over the last decades, the forex market in the US has emerged as one of the most regulated markets anywhere in the world. Rules that were introduced and backed up by federal laws have made it very difficult for brokers and traders alike to operate in the US forex market. For many years, only three brokers operated in the US forex market: oanda, GAIN capital LLC (forex.Com) and TD ameritrade. Others were either put out of business or were forced to close down as a result of the strangulating environment created by the regulators, backed up by the dodd-frank wall street reform and consumer protection act of 2010.
What changed?
After the global financial crisis of 2008 which had its origins in the US subprime mortgage market, there were general calls for better regulation of the various markets operating in the united states. The dodd-frank act was a direct consequence of this agitation. This law strengthened the commodities and futures trading commission, enabling it to oversee not just the conventional financial markets, but also the swaps market which was valued in trillions of dollars.
Changes to the way business was conducted in the US financial markets were sweeping and aggressive. Some of the changes which were directly targeted at the retail segment of the market were as follows:
- A) introduction of leverage caps in forex and options, pegging leverage at 1:50 for forex majors, and 1:20 for forex minors, and forex options trading.
- B) elimination of hedging ability via the introduction of the first in, first out (FIFO) rule. Thus rule states that a position on an asset must first be closed before another can be opened on the same asset. The FIFO rule effectively ended the hedging style of traders placing opposing positions on the same asset.
- C) stratification of traders in the FX market was institutionalized, as these rules were targeted at the so-called “unsophisticated’ investors, defined as traders with assets that are less than $10million, as well as small businesses. Professional and commercial traders (investment banks) were largely exempted from these changes.
According to the CFTC, these rules were meant to protect the retail clients from overexposing their money to the market and from taking excessive risk. But to what extent these rules have actually protected the retail consumers of forex products in the US is anyone’s wildest guess.
What the regulators of the US financial markets will not readily reveal, is that many traders in the US simply exited the US market and migrated their accounts to brokerage platforms in other countries. Forex brokers located in the US have had whatever market share they had badly eroded, and brokers without the kind of purposeful structure that the former US brokers suddenly emerged as less desirable but ready alternatives to traders who were unwilling to trade under the new conditions in the US.
In other words, the dodd-frank act actually stifled the forex brokerage business in america and the statistics do not lie. During the good times, more than 40 retail FX brokers were serving both US and international clients. Ever since dodd-frank became law, that number dwindled to the three brokers mentioned above, and the international clientele base simply moved away from the US and on to brokerages in the UK, europe, australia and the caribbean. A lot of the damage in the US forex brokerage business environment came as a result of the $20million bond which was imposed as a requirement for starting a forex brokerage business in the US. Tax reporting requirements have also scared off many brokerages from accepting US clients. Clearly, no foreign forex company wants to get the same kind of attention that huawei got from the US government in 2019, or what tiktok got in 2020.
What are the current options for US forex traders?
In 2019, some brokers made moves to re-enter the US market. Unfortunately, the COVID-19 pandemic slowed down the process dramatically. Still, some new brokers managed to enter the US forex market in recent years, so traders now have more choice than before.
So what is the current state of the US market as it concerns US forex traders?
1) consumer-friendly regulators
Regulators in the US have made a series of changes designed to improve trading outcomes for US forex traders. For instance, the commodities and futures trading commission (CFTC) has made its weekly CFTC positioning report (also known as the commitment of traders report, or COT) more readily available. This report shows what the major players in the commodities and currency markets are doing. Using this information, summaries of which are found on some MT4 platforms of US forex brokers, traders can consider their positions against the backdrop of the institutional speculators are trading. This provides for more informed trade decisions.
Additionally, the CFTC is now more reachable as a number of channels are now open so the public can make complaints or submit inquiries and observations.
2) more robust database of providers
Everyone working in the industry must be registered with the CFTC and NFA. The NFA has taken it a step further by requiring biometric registration of those who provide services to traders, be it brokerage services or fund management. This biometric information can be shared with the federal bureau of investigation (FBI), and this has been a strong deterrence against wrongdoing by brokers. When last did you hear of US forex brokers swindling customers of their funds?
The CFTC database of providers is very vast. All floor traders/brokers, introducing brokers, swap dealers, retail forex dealers, commodities pool operators (cpos) and commodities trading advisors (ctas) who are licensed to provide services to US forex traders are all on this database.
If you are approached by anyone claiming to be any of these, you can easily contact the CFTC for near-instant verification. Even those who are not listed on the CFTC database by reason of exemption must appear on the NFA database, and the reason for the CFTC exemption provided.
3) expanded list of US-regulated forex brokers
There used to be a time when more than 70 brokers operated in the US forex market. The dodd-frank act thinned them out to just 3, and it remained this way for a nearly a decade. At the present day, there are now 8 regulated forex brokers in the US. Oanda, forex.Com (GAIN capital) and TD ameritrade retained their positions, and are now joined by ATC brokers, IG US, interactive brokers, ally invest and thinkorswim (now owned by TD ameritrade).
4) leverage caps
The 2018 ESMA rules in europe forced all local brokers to set a 1:30 leverage limit for all major FX currency pairs. In the US, this cap remains at the 1:50 level introduced in 2010. US forex traders will continue to enjoy what now seems to be the most liberal leverage caps in the tier 1 regulatory jurisdictions.
5) credit-based funding for customer forex accounts
Bank drafts and direct debits from a bank-linked ATM card are now the recognized means of account funding for US forex traders. The use of credit cards is now prohibited.
These are some of the changes that US forex traders have faced in 2020. 2020 also marked the year of the COVID-19 global pandemic that has completely changed the face of the global economy. However, while many other economic sectors have been badly hit, forex trading and other forms of financial market activity have thrived. In fact, the massive job losses and furloughs across the world that left millions without a source of income, drove the same people to the financial markets. Many brokerages have witnessed a surge in new trading account registrations as well as inquiries about trading. COVID-19 has changed the face of financial trading and it is likely that a number of changes as to how forex is traded in the US are coming.
What does the future hold for US forex traders?
So what possible changes can US forex traders hope to see in 2021 or in the years to come?
1) changes to margin rules
It is likely that forex traders in the US may face changes to margin rules on their accounts. US forex brokers are expected to have rolled out the phase 5 and phase 6 rules on uncleared margin, known as UMR 5 and UMR 6. UMR stands for uncleared margin rules. These rules have to do with how buy side participants in the forex market handle initial margin and variation margin among all counterparties in the market. Compliance with the UMR 5 and 6 means that there is a consolidated margin threshold of 50 million units of either the EUR or the USD that must be adhered to, among other requirements.
These rules were originally conceived in the aftermath of the 2008-2009 global financial crisis to enable firms handle risk better, and were meant to be implemented in phases. UMR 1 commenced in 2017. Full compliance with phase 5 UMR rules was to kick in by september 2020, but has been moved by a year to september 2021. While the full details of these rules would be out of the scope of this piece, suffice it to say that these new rules would make it harder for new players to enter into the retail FX brokerage space in the US. It would also stretch the resources of existing brokerages in terms of compliance with these rules. Ultimately, the entry point for opening a forex trading account may climb dramatically, putting it out of the reach of many. If you have been thinking of opening a US forex trading account, this may be the best time to do it.
2) advancements in technology
Algo adoption is expected to grow, whole artificial intelligence (AI) will start to feature more prominently in the development of market trading software. 2021 may be the year when US forex traders who want to maintain an edge in their trading may have to start using tools and software that can perform smarter analysis and make more rational trading decisions.
3) blockchain-based platforms
2021 may be the year when blockchain-based trading platforms may start to hit the US forex market. Some brokerages in japan and singapore have started to experiment with these platform types. Perhaps 2021 may be the year that we could see these used more widely in the US. Will this signal the beginning of the end for the MT4, or will metaquotes respond accordingly?
4) increased volatility on the US dollar, euro and british pound
Coronavirus vaccines will be out in 2021, but the availability of these vaccines seem to be geographically defined. Countries like the US and UK are buying up stocks in advance, so it is likely that these vaccines will not go round the world. Remember the dark days of the HIV epidemic when there was disproportionate access until PEPFAR and the global fund kicked in? This is probably what will happen unless something is done about the situation. COVID-19 will continue to dominate headlines, along with attempts to rescue the global economy. It is looking like there will be a change of guard at the white house. 2021 will see more volatility on the US dollar, euro and british pound.
It is prudent to say that there may be other occurrences in 2021 which have not been captured here, but which cannot be ruled out. Nobody can predict the future with 100% certainty.
Closing note
One of the best things that consumers of any product can enjoy is the power to choose, and to be able to make that choice from a wide range of service providers. This is what the dodd-frank law has taken away from US forex traders… but things have changed. Aside from a few forex brokerages operating in the US, there are a number of offshore forex brokers expressing willingness to take US traders on their platforms.
There are a number of advantages and also drawbacks to this arrangement. In terms of benefits, this is what US forex traders will enjoy when they use the offshore brokers presented in the list below.
- A) the ability to hedge trades is a risk management tool. The FIFO rule basically prevents this from happening. Realizing this great folly in the US forex brokerage setup, the offshore brokers in the list provide below have created a system which allows traders to hedge, even if it means placing opposing positions on the same asset.
- B) the CFTC has argued that the leverage caps protect retail traders by stopping them from overexposing their capital and accounts to the market. The leverage caps imposed a high minimum capital requirement on forex accounts opened in the US. This requirement only served to lock out a large segment of the trading public. With the forex brokers for US traders introduced here, you get lower capital requirements you can actually meet. You also trade with a wider spectrum of leverage, which allows you to trade under non-restrictive leverage conditions.
- C) your greatest asset as a consumer (the power to choose) is restored. You have a choice of not just a few brokers, but many ones. If a broker does not match your requirements, move to the next one on the list.
The brokers featured in the list below have been carefully selected to offer you a forex brokerage service that rivals what you can get anywhere in the world, and under non-restrictive conditions. They are great for beginners who can make a transition from a demo account to a lightly funded live account, just to ensure they can understand what live trading is all about before they get more heavily committed. ECN style accounts are also available for those who prefer to trade directly with the FX interbank market. There is a lot of choice for you as you go through this list of brokers, one after the other.
So, let's see, what we have: fxdailyreport.Com over the last few years, cryptocurrency trading has become one of the most attractive niches in forex trading. Other than it being extremely profitable, the lack of at forex crypto broker
Contents
- Top forex bonus list
- Fxdailyreport.Com
- Top recommended crypto forex brokers in 2021
- Forex vs crypto trading: what is your best choice? 2021 guide
- What is forex?
- Pros and cons of forex
- What is cryptocurrency?
- Lowest trading costs for popular crypto markets*
- Lowest costs on your crypto trading compared to global competitors
- Why trade cryptos as cfds with FOREX.Com?
- Trading vs. Owning crypto
- Cryptocurrencies available for trading
- How to trade thematic indices
- Trade cryptos on metatrader 5
- The FOREX.Com advantage
- Have questions? We've got answers.
- Start trading cryptocurrencies with FOREX.Com today.
- Try a demo account
- The best brokers for crypto trading in 2021
- The best crypto brokers for 2020
- How we find the best brokers for crypto trading
- Discover our top cryptocurrency brokers
- Do cryptocurrency brokers offer trading bonuses?
- Discover the best crypto trading platforms
- Best cryptocurrency brokers for 2021
- Best cryptocurrency brokers (non-US traders only)
- Plus500 – top rated trading platform
- IQ option – lowest minimum deposit ($10)
- Etoro – top crypto broker
- Highlow – best all-round crypto broker
- Nadex – US traders welcome
- Crypto brokers with most cryptocurrencies
- Lowest minimum deposit brokers
- Top rated brokers that have cryptocurrencies
- How to choose your cryptocurrency broker
- Which cryptocurrencies are you interested in trading?
- Pros and cons of cryptocurrency brokers
- Cryptocurrency brokers – what to look for
- More great features you could be interested in
- Ready to start trading?
- Welcome to clover4x.Start filling your golden pot today.
- Tight & great spreads
- We are clover4x
- Wheel of fortune
- Trade cryptocurrencies with clover4x
- Reliable and lightning fast deposits
- Quick and easy withdrawals with top liquidity
- Forex vs crypto - the pros and cons
- Trading payouts and losses
- The costs of each method
- Which trading type suits you
- The final pros and cons
- Crypto trading
- Forex brokers for US traders (accepting US clients)
- What changed?
- What are the current options for US forex traders?
- 1) consumer-friendly regulators
- 2) more robust database of providers
- 3) expanded list of US-regulated forex brokers
- 4) leverage caps
- 5) credit-based funding for customer forex accounts
- What does the future hold for US forex traders?
- 1) changes to margin rules
- 2) advancements in technology
- 3) blockchain-based platforms
- 4) increased volatility on the US dollar, euro and british pound
- Closing note
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