R

Low Deposit Brokers that Allow Bitcoin Trading



Nov 26, 2021  
Making a profit from bitcoin trading is not expensive if you can find the right broker. Here's a list of the best brokers for low deposit bitcoin trading to help you.

With its use of blockchain technology, all bitcoin transactions are public thus making it open to everyone but highly restrictive to censorship or forgery of transactions.

This has attracted people who wish to trade and invest in Bitcoin. If you are one of such people and you're reading this article, we will be examining brokers that have the lowest deposit requirement and provide bitcoin trading.

Let's face it, you cannot afford to use a non-regulated broker when investing in forex or stocks else you will find yourself incurring exorbitant charges. Trading in bitcoin is no different. There are various regulated brokers for bitcoin out there with varying degrees of features and services as well as different minimum deposit requirements.

Here, we will be focusing on Bitcoin forex brokers with low deposit requirements which will be more favorable towards traders who just want to get started:

  • Exness: Minimum deposit of $10 (depends on payment methods), trade BTC against multiple currencies.
  • FBS: Minimum deposit of $1, floating spread from 1 pip.
  • eToro: Minimum deposit of $50, latest crypto news.
  • Plus500: Minimum deposit of $100, 1:2 leverage.
  • AvaTrade: Minimum deposit of $100, trading bitcoin from mobile screen.
  • Pepperstone: Minimum deposit of $200, fast execution.

So without further ado, here are some of those brokers and their inherent features!

 

Exness

Exness is a reputable online broker that offers cryptocurrency trading, including Bitcoin, among other financial instruments. Exness only sets a minimum deposit of $10 for standard and cent accounts. For pro, zero, and raw spread accounts, the minimum deposit is $200.

Exness offers competitive spreads, including tight spreads on Bitcoin trading. This can help reduce trading costs and improve potential profitability. In addition, Exness traders could trade BTC against various currencies as the broker provides BTC/AUD, BTC/JPY, BTC/CNH, BTC/THB, BTC/ZAR, BTC/XAU, BTC/XAG, and BTC/KRW pairs.

Exness is widely known as a multifunction broker. It offers multiple trading platforms, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are widely recognized and preferred by many traders. These platforms provide advanced charting tools, indicators, and automated trading capabilities.

On top of that, the CySEC-regulated broker offers a range of advanced trading tools and features, such as real-time market analysis, economic calendars, and trading signals. These tools can assist traders in making informed trading decisions.

 

FBS

The main reason why FBS is highly recommended for trading cryptocurrency is its reputation. FBS is regulated by the IFSC, which makes it trustworthy and reliable. Moreover, FBS offers two different platforms: MT5 and FBS Traders.

Just like other trading accounts, there are some requirements if someone wants to open an FBS crypto account. FBS only sets an initial deposit of $1 and floating spreads start from 1 pip. The commission is only 0.05 percent for opening and 0.05 percent for closing.

In addition, traders may trade more than 100 cryptocurrencies around-the-clock at FBS. FBS traders could trade BTC against various currencies, BTC against cryptocurrencies, and BTC against metals. The brokers provide BTC/ETH, BTC/LTC, BTC/XRP, BTC/USD, BTC/XAG, BTC/XAU, and many more.

FBS offers a wide range of deposit payment options and platforms, enabling individuals from all corners of the world to fund their trading accounts easily. This accessibility ensures that traders can take advantage of FBS crypto trading and enjoy its numerous benefits.

 

eToro

eToro is one of the top cryptocurrency brokers with over 17 million people registered as traders on its platform, which makes it one of the largest and most active trading platforms. In eToro, Bitcoin traders can enjoy free access to the latest crypto market research & news, as well as a trading platform risk-free with $100,000 in a virtual portfolio.

It is ideal for social trading due to the sense of community fostered among its traders; there are specific tools to aid social trading and it helps reduce the risks involved in trading. There is also a wide range of cryptocurrencies that traders can choose from as well as educational tools for beginner traders which are constantly updated.

eToro is regulated by four major regulatory financial bodies which include the Financial Conduct Authority (FCA) in the United Kingdom, the Australian Securities & Investments Commission (ASIC) in Australia, the Financial Services Authority (FSA) in Seychelles, and the Cyprus Securities and Exchange Commission (CySEC) in Cyprus. To trade Bitcoin, clients are required to deposit a minimum of $50 and various deposit methods to accommodate it.

 

Plus500

This broker makes 14 cryptocurrency pairs available on its proprietary trading platform which traders can choose from, and they are all offered free of commission. While the platform does not provide support for social trading or automated trading, it has a smooth interface that makes trading operations easy while also having guaranteed stop-loss orders.

The broker also provides traders with regular alerts on price movements while at the same time offering a sentiment indicator. This way, traders on its platforms are kept abreast of the latest happenings and movements in the market.

Plus500 Bitcoin trading emphasizes having up to 1:2 leverage and secure funds kept in segregated bank accounts. It also employs an opportunistic approach to Bitcoin and other cryptocurrencies by providing traders with content that espouses the financial potential of trading in cryptocurrencies.

It is also a well-regulated broker subject to eight different financial regulation bodies, among which are FCA, CySEC, and ASIC just to mention a few. The minimum deposit is $100; it is quite favorable towards beginner traders although professional traders might not find it sophisticated enough.

There is the availability of a demo account that traders can use to familiarize themselves with, but there is a caveat which is the inactivity fee of $10 monthly which comes into effect after 3 months of inactivity on the demo account.

 

AvaTrade

This broker caters to the cryptocurrency needs of its traders via a proprietary WebTrader platform along with the usual MT4 and MT5 platforms. It also has a mobile trading platform known as AvaTradeGO which allows traders to access bitcoin trading from their mobile phones. It also supports social trading.

While it does not have a trading app dedicated to Bitcoin, AvaTrade makes up for it by providing 24/7 access to bitcoin trading in the form of CFDs.

The total number of cryptocurrency assets that the broker maintains is 14. They're provided along with educational tools of high quality. The minimum deposit is $100 which seems to be the average price among brokers for low deposit bitcoin trading.

It is also highly regulated via financial bodies such ASIC, FSA, Israel Securities Authority (ISA), Central Bank of Ireland, etc., and has been around for a while considering it was established in 2007. AvaTrade also offers commission-free CFDs while also having a number of options by which traders can fund their accounts.

 

Pepperstone

This broker started in 2010 and has become a leading service provider ever since. It is located in Australia and is highly regulated by seven regulatory bodies, among which are ASIC, FCA CySEC, and the Dubai Financial Service Authority (DFSA).

Pepperstone's trading platform consists of the MT4 and MT5 platforms which have been upgraded to the latest edition while also offering cTrader and Autochartist. For Bitcoin traders, you can get fast execution and no dealing desk intervention.

This broker also supports social trading via MetaTrader signals and DupliTrade. At the same time, beginner traders are adequately attended to through the availability of high-standard educational materials as well as multilingual support that is available 24/5.

The minimum deposit of this broker is slightly higher at $200 compared to the brokers discussed earlier. Nevertheless, traders can have multiple funding options that they can choose from to fund their trading accounts.

When it comes to cryptocurrency offerings, Pepperstone manages to provide bitcoin trading as well as 12 other coins that include Bitcoin Cash, Binance Coin (a native cryptocurrency from Binance Exchange), Dogecoin, and Stellar Lumens.

Interestingly, this broker also provides unique assets such as crypto indexes and pairs that trade Ethereum vs Bitcoin and Gold to Bitcoin.

 

Conclusion

So there it is the brokers with the lowest Bitcoin deposit that will get you started on trading in the cryptocurrency market. While the aforementioned brokers obviously have different features, the onus rests on each trader to carry out their personal research so that they can determine the broker whose features resonate with their trading style/strategies.

 

Yes, Bitcoin is indeed very popular at the moment. On the other hand, it has become an opportunity for scammers to commit malicious acts and take your money. Beware of these 10 Bitcoin scams that haunted you.