With the increasing interest in Bitcoin as an investment asset, the number of Bitcoin trading also grows each day. Here are 7 forex brokers to consider if you are interested to add Bitcoin in your portfolio.
With the number of users keeps increasing, the number of merchants accepting Bitcoin continues to expand. Thus, many speculative investors were drawn to Bitcoin as they can buy it for value investment rather than as a payment medium.
Though Bitcoin was not designed as a conventional investment asset, some speculative investors were drawn to the digital money after it appreciated rapidly in May 2011 and again in November 2013.
These days, traders can also buy Bitcoin from exchanges and brokers. Some brokers that are offering Bitcoins are:
- eToro: Equipped with it's own crypto wallet.
- IG: Offer guaranteed stops for crypto trading
- XTB: Trade Bitcoin from mobile apps anywhere, anytime.
- FBS: Trade cryptocurrencies with a minimum deposit of $1 only.
- Forex.com: Traders can easily take long and short positions without needing wallets or exchanges.
- Dukascopy: Offers leveraged CFD trading for cryptocurrencies.
- CMC Markets: Precision pricing feature ensuring traders receive a more accurate price for their crypto trades.
In addition to offering great Bitcoin trading service, these brokers also have several other benefits as well. What else should you need to know about them?
Which Are the Recommended Brokers?
To minimize risks in the Bitcoin market, we have to choose the right cryptocurrency brokers. Liquidity, trading costs, regulation, and product availability are just a sampling of the challenges and risks you might confront when dealing with digital assets. Among many other forex brokers out there, the following brokers are the most recommended for cryptocurrency trading:
eToro
eToro offers a comprehensive platform for cryptocurrency trading, providing access to a diverse range of leading cryptocurrencies. With eToro, investors can easily buy and sell cryptocurrencies using innovative tools and features.
One notable feature is the eToro Money crypto wallet, which allows users to store their crypto assets within the platform securely. In addition to launching its own fully-functional crypto wallet. This is an eToro open-sourced its proprietary code for decentralized exchange (DEX) trading, as part of the Lira project from eToroX Labs
As a regulated fintech leader, eToro prioritizes the security and trust of its users, providing peace of mind when engaging in cryptocurrency trading. It's important to note that eToro charges a 1% fee for buying or selling cryptoassets, which is factored into the market price displayed when opening or closing a position.
In addition to cryptocurrencies, eToro has expanded its offerings to include NFT trading, allowing users to explore and invest in the exciting world of non-fungible tokens. With eToro's comprehensive range of trading options and commitment to security, it is a popular choice for individuals seeking to engage in cryptocurrency and NFT trading.
eToro established in early 2007, with a mission to make trading accessible to anyone, anywhere, and reduce dependency on traditional financial institutions. The company has head offices in the United Kingdom, Cyprus, USA, and Australia.
eToro (Europe) Ltd operates as a Financial Services Company authorized and regulated by the Cyprus Securities Exchange Commission (CySEC) under license no. #109/10. Meanwhile, eToro (UK) Ltd is authorized and regulated by the Financial Conduct Authority (FCA) under the license FRN 583263.
As for eToro AUS Capital Pty Ltd, the legal standing is acknowledged by the Australian Securities and Investments Commission (ASIC) to provide financial services under Australian Financial Services License 491139.
A broker that belongs to the 4-digit type, eToro offers both short-term options for day traders and long-term options for investors, such as their innovative Smart Portfolios, a fully managed thematic portfolio.
Since 2007, eToro has been at the forefront of the Fintech revolution. The most recent was launched in 2017, which is Smart Portfolios powered by Machine learning Al. Beyond developing Smart Portfolios, the company integrated Microsoft's machine learning technology into Momentum DD.
The new Smart Portfolios investment strategy uses artificial intelligence to find the steadiest traders who are most likely to generate a double-digit return and bundle traders into one fully-managed portfolio. eToro has hundreds of financial assets for trading across several categories including stocks, commodities, crypto assets, currencies, indices, and ETFs. Each asset class has characteristics and can be traded using a variety of investment strategies.
Some positions on eToro involve ownership of underlying assets, such as non-leveraged positions on stocks and cryptos. Employing CFDs will enable a variety of options, such as leveraged trades, short (sell) positions, fractional ownership, and more. For example, traders can invest as little as USD100 in gold, even if a single unit of gold cost USD1,000. Some of eToro's most popular CFD commodities include gold, oil, natural gas, silver, and platinum.
Currencies are traded on eToro only as CFDs. Also, CFDs enable Sell (short) positions and leveraged trade, even for assets that don't offer the option in traditional trading. Some of the popular currencies include EUR/USD, GBP/USD, AUD/USD, USD/JPY, and USD/CAD.
Furthermore, An Exchange-Traded Fund (ETF) is a financial instrument comprising several assets grouped to serve as one tradable fund. After opening an account in eToro, traders can invest as little as USD250 in an ETF that costs USD500. Some of the popular ETFs on eToro include SPY, VXXB, TLT, and HMMJ.
However, eToro also offers additional functions using CFD trading. All leveraged ETF positions in the UK are under FCA regulations. Meanwhile, all CFD positions executed by eToro Australia are under ASIC regulations.
The company has other advantages. In all financial assets that can be traded, eToro does not charge any deposit or trading frees other than spreads.
eToro charges a USD25 fee for withdrawals and the minimum withdrawal amount is USD50. Long (Buy), non-leveraged crypto, stock, and ETF positions are not executed as CFDs and do not incur any fees. eToro does charge overnight or weekend fees for CFDs positions, such as leveraged positions and short (sell) orders.
Fee updates always apply to open positions. Fees are subject to change at any given time and could change daily, without prior notice, depending on market conditions.
As a beginner, trader can use CopyTrading eToro. Different from the features of other brokers, traders can copy the strategies of professional traders without fee or profit-sharing. Therefore, 100% profit is fully owned by traders. For example, while trader A who is copied by trader B, produces a profit of 10% this month, then trader B also gets a profit of 10%.
The company is the world's leading social trading network. Since eToro operates in complete transparency, each trader has valuable information on their eToro profiles, so other traders that are interested to copy their trades can have assistance in creating their best portfolios.
Another feature that is unique to eToro is the personalized, social News Feed. Just like on any social media, traders can post their updates on feed, comment on other's posts, and gradually create a feed that is tailor-fitted to trader's trading and investing interests. On eToro social trading platform, traders will also get notifications when a trader writes a new post and many other important updates.
IG
IG allows you to trade rising and falling markets on leverage, providing opportunities to profit regardless of market direction.
Additionally, they offer guaranteed stops, enabling you to protect your capital and limit potential losses. As a FTSE 250-listed provider with an impressive 47 years of trading experience, IG brings a wealth of expertise to the table.
Moreover, IG offers low spreads and ultra-fast order execution on its award-winning platform, ensuring optimal trading conditions. You can speculate on major cryptocurrencies or explore wider exposure through their Crypto 10 index CFDs. The Crypto 10 Index enables passive investors to invest in the future of crypto without having to trade individual token pairs.
Lastly, IG's platform allows you to trade directly from charts and conduct in-depth analysis using powerful technical indicators, enhancing your trading experience and decision-making process.
IG Markets is an online trading provider with decades of experience in the financial market. Founded in 1974, the world-leading company has gathered more than 178,000 clients worldwide with over 16,000 markets reached as of 2019. IG Markets is authorized and regulated by the Australian Securities and Investment Commission (ASIC). It is also important to note that being established in 1974 makes IG Markets one of the forefront online CFD brokers. Their service has expanded to 15 countries across five continents.
Aside from famous for its reliable experience, IG Markets is also known for its truly broad range of trading instruments. In fact, the broker has long been regarded as one of the most accomplished companies in offering the most trading assets to clients. The wide choice of instruments includes forex pairs, 26 indices, over 12,000 shares, hard and soft commodities, cryptocurrencies, as well as other markets such as bonds, rates, and options.
Forex trading in IG Markets is provided in two ways: CFD and DMA (Direct). Here are the conditions for each type of trading:
Forex CFD
- Minimum spread: 0.6 pips
- Commission: None
- Platforms: Web, mobile apps, MT4, ProRealTime, L2 Dealer, terminals and APIs
- Trading size: Contracts
- Demo account: Yes
Forex DMA
- Minimum spread: No details
- Commission: from $10 per $1 million traded
- Platforms: Web, mobiles apps, L2 Dealer, terminals, and APIs
- Trading size: Lots
- Demo account: No
Both ways of trading are available for all clients. However, DMA does not enable trading in MetaTrader 4. Clients are also not allowed to trade in a demo account for virtual trading. It is essentially a type of trading reserved for experienced traders with high necessity for the best pricing in the market, as DMA offers market depth from a range of exchanges (including full market depth from the LSE).
Trading platforms in IG Markets are accessible via web, mobile app, and desktop. They are offered with 2 main varieties: Core Platforms and Specialist Platforms. The core platform is meant for all types of trading with the add-ons of DMA, ProRealTime access, and Forex Direct. Meanwhile, Specialist Platforms consist of L2 Dealer, ProRealTime, and MetaTrader 4.
The first two platforms charge fees that include minimum $2000 balance and monthly fees for shares data and level 2 prices (for L2 Dealer), as well as platform fees amounting to $40 per month and monthly fee for shares data (for ProRealTime).
IG Markets does not require a minimum balance to open an account. It also provides a swap-free account that frees clients for any interest, rollover, or swap charges on overnight positions. Yet, All costs and charges are built into the spread. This account suits well with long-term traders who need to keep their positions open for days or even weeks.
For beginners, IG Markets builds an IG Academy that gives interactive education and online trading courses. This way, clients can get a grip on the financial markets with the essentials of trading provided in infographics, video explainers, and end-of-course quizzes. Even better, the IG Academy is already integrated into its mobile app so clients can always learn about financial markets in much more efficient ways.
In conclusion, IG Markets is a client-friendly broker with more than 40 years of experience to back up its credibility. Their efforts and commitments to provide the best varieties of trading platforms are proven in the unique Core and Specialist Platforms.
Traders with little experience can apply to Forex CFD account in either Core Platforms or MetaTrader 4, while professionals can achieve the best experience in the financial market with IG Market's DMA trading and L2 Dealer or ProRealTime platforms.
XTB
XTB offers over 10 Crypto CFDs, providing traders access to popular cryptocurrencies such as Bitcoin, Ethereum, Stellar, Dogecoin, and more.
With XTB, trading opportunities are not limited to weekdays, as the market remains open 24/7, allowing users to take advantage of price movements even on weekends.
Accessibility is a key feature, with XTB's mobile apps providing convenient access to markets, enabling traders to monitor and execute trades on the go. Furthermore, XTB boasts low trading costs, starting from just 0.22% spreads for crypto trading, ensuring competitive pricing for users.
One notable advantage is the assurance of not losing capital to hacker attacks, thanks to XTB's commitment to robust security measures. Additionally, XTB prioritizes the safety and transparency of user accounts, with supervision from the FSC and a seamless experience for quick and secure deposits and withdrawals.
With more than 15 years of experience, XTB (rebranded from X-Trade since 2009) is one of the largest brokers in the world. They have offices in more than 10 countries, including Belize, UK, Poland, Germany, Spain, and France. XTB Group is regulated by the world's biggest supervision authorities including the IFSC, FCA, KNF, and CySEC.
As a regulated company, XTB holds all retail clients' funds in a fully segregated account, meaning they are not mixed with the broker's operational funds. This enables traders who register in XTB to trade with confidence in their funds' safety.
XTB tries to provide an easy-trading anytime and anywhere. They have a mobile application, xStation to realize that vision. Traders can access financial markets from their fingertips and choose from over 1,500 CFD markets including 48 currency pairs, cryptocurrencies, 20 indices, commodities (gold, oil, silver, etc.), stock, and 60 ETFs from around the world. This application can be downloaded in Google Play and App Store.
Traders also can access their platform by PC. XTB offers a web trade platform with access to more advanced tools for more advanced traders. It's fully compatible with Chrome, Firefox, Safari, and Opera web browser. Traders are provided with fast and reliable trade execution speeds. No wonder this platform has successfully presented XYB with awards such as Best Trading Platform 2016 by Online Personal Wealth Awards. Additionally, MetaTrader 4 is also available when trading in XTB.
XTB charges fees for forex, indices, and commodities trading. The amount of fees differ based on the types of accounts. For example, in Pro Accounts, traders have to pay a commission from $3.5 per lot for forex and a commission from 0.08% per lot for stock CFDs and ETF CFDs.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. When trading, clients have to prepare strategies. Based on XTB's data, 75% of retail investor accounts lose money when trading CFDs. Because of that, clients should consider their level of understanding of CFD trading and their affordability to take high risk.
Traders can increase knowledge by joining XTB's Trading Academy program. There is a vast array of content that's geared towards helping traders, including video tutorials, trading courses, articles, and much more. Traders can choose a topic from different levels of education and enhance their skills across the stages of the trading journey.
Furthermore, there are several ways to deposit funds in XTB, including bank transfer, credit cards (Mastercard, Maestro, Visa), as well as e-Wallets (Skrill, Paysafe, Neteller, and many more). But, some of these methods may incur additional charges. For example, when using Neteller methods, traders have to pay 1% of their deposited amount.
Traders can contact XTB's customer support that is available 24/7. They are ready to answer all of the traders' questions and solve the problems, whether by email, phone, or live chat.
Overall, XTB is recommended as an ideal broker with top-tier regulation and trading platforms. Its education feature is also worth joining in as many traders are still in the process of perfecting their consistency and continue to learn the dynamic change in the forex market.
FBS
FBS is strongly endorsed for cryptocurrency trading due to its reputable status. It operates under the regulation of the International Financial Services Commission (IFSC/000102/198), establishing its credibility and dependability. Furthermore, FBS provides two distinct platforms: MT5 and FBS Traders.
For seasoned traders, MT5 is often preferred due to its enhanced user experience. On the other hand, FBS Traders is particularly suitable for newcomers, boasting a user-friendly interface and an extensive array of crypto instruments.
With an initial deposit requirement of just $1, it offers a low entry point into the market. The account features floating spreads starting from 1 pip, ensuring competitive pricing for trades. Notably, a commission of 0.05% applies for both opening and closing positions, which contributes to transparent trading costs.
Leverage of up to 1:5 is available, providing the potential for amplified gains. Traders can manage multiple positions and strategies, with the account allowing a maximum of 200 open positions and pending orders. The versatility extends to order volume as well, ranging from 0.01 to 500 lots with increments as small as 0.01, enabling traders to tailor their positions to their preferences.
Market execution is streamlined, with execution times as quick as 0.3 seconds thanks to STP (Straight Through Processing) technology. This empowers traders with efficient order execution and minimizess
Since 2009, the action of FBS Holding Inc. or known as FBS in the world of forex trading has been recognized by various international institutions. With clients reaching 14 million as of 2019, FBS has received the title of Most Transparent Forex Broker 2018, Best Investor Education 2017, Best Customer Service Broker Asia 2016, IB FX Program, and many others.
FBS is regulated by FSC Belize and CySEC Cyprus. This broker has been trusted by millions of traders and 370 thousand partners from various countries. Based on their data, FBS garners about 7,000 new traders and partner accounts every day. And, 80% of the clients stay in the FBS for a long time. No wonder the broker is growing rapidly due to the incredible growth in the number of clients.
Trading products offered by FBS range from forex, CFD, precious metal, and stock. For forex trading, CySEC-regulated FBS offers leverage up to 1:30 on Cent and Standard Accounts. Clients who want to try higher leverage than that can alternatively register an account under FBS Belize.
FBS spread begins from 0.5 pips for Pro account type and from 0.7 pips for Standard and Cent accounts. On a standard account, volume orders can be made from 0.01 to 500 lots. Therefore, this account is recommended for experienced traders.
Whereas on Cent Accounts, volume orders can be carried out with a maximum of 500 cent lots or the equivalent of 5 standard lots. Cent Accounts involve a different level of risk. FBS recommends Cent Accounts for beginner traders. All account types support the following trading instruments: 36 Forex pairs, 8 metals, 3 energies, 11 indices, 127 stocks, 5 crypto pairs.
Before plunging into the real forex market, traders can practice with FBS Demo Account which consists of two types, i.e Standard and Cent.
FBS uses the MetaTrader 4 and MetaTrader 5 platforms. They offer them on Windows and Mac as well as Android and iOS mobile. These platforms provide a trading experience at traders' fingertips, allowing traders to progress as a trader anywhere at any time.
MetaTrader platforms also have a variety of mainstay features, including the possibility to create, buy, and use expert advisors (EA) and scripts, One-click trading and embedded news, technical analysis tools, the possibility to copy deals from other traders, hedging positions, and VPS service support.
Another advantage provided by FBS is a deposit bonus of 100% for clients who fulfill certain requirements. The process of FSCing and withdrawing funds can be run easily and quickly. Based on clients' testimonies, each process usually takes no more than 3-4 hours, except on holidays.
Traders also have the opportunity to develop a side business when trading with FBS, namely as an Introducing Broker (IB) or Affiliate. The FBS partnership system provides partner commissions that are already in 3 level positions. Only by introducing new clients to FBS according to certain procedures, traders can earn extra income.
Traders will also get trading education experience at FBS. They have prepared a comprehensive forex course. The course consists of 4 levels: beginner, elementary, intermediate, and experienced. Traders can take courses that will turn them from newbies to professionals. All materials are well-structured. Besides, FBS provides various forex analyzes, webinars, forex news, and daily market analysis that can be accessed easily on their site.
Traders can access the FBS website with many language choices. Of course, this will increasingly provide comfort for traders. Available languages include English, Italian, French, Portuguese, Indonesian, Spanish, and others. Live chat support is also provided 24 hours 7 days a week.
In conclusion, FBS is a widely known broker among retail traders around the world. It continually grows to become a preferred broker because of flexible trading conditions that enable its clients to trade with various instruments, low deposit, and other trading advantages.
FOREX.com
FOREX.com stands out as a trusted and reliable option when trading cryptocurrencies as CFDs. By trading crypto CFDs with FOREX.com, traders can capitalize on the inherent volatility of cryptocurrencies.
With a wide range of options available, including Bitcoin, Ethereum, Litecoin, and Ripple, traders can easily take long and short positions without needing wallets or exchanges.
FOREX.com, with its impressive 18 years of experience, has established itself as a market-leading provider of financial CFDs. The platform offers intelligent trading tools and consistently low pricing to ensure clients have access to the best possible trading experience.
FOREX, also known as FOREX.com, is one of the global market leaders in the financial industry. Established in 2001, FOREX is a part of Gain Capital Holdings specifically meant for FX & CFD trading on powerful trading platforms and the popular MetaTrader 4.
Similar to its parent company, FOREX has been licensed by various financial watchdogs, including the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA) from the US, the Financial Conduct Authority (FCA) from the UK, the Investment Industry Regulatory Organisation from Canada, as well as the Financial Services Agency from Japan.
For traders in South East Asia and the Middle East area, FOREX has been operating under the regulation of the Cayman Islands Monetary Authority.
Quality execution on every trade, transparency, and competitive pricing are some of the most optimized services in FOREX.com. As per Q3 2019, the broker's total assets reached $1.288 billion and the total customer equity amounted up to $849.8 million.
FOREX presents its clients with the best freedom to trade in 300+ global markets including 80+ FX pairs, 220+ shares, indices, commodities, and cryptocurrencies. Spreads on each asset are displayed live on FOREX.com's official website, with EUR/USD having a spread as low as 0.8 pips.
For the trading platform, FOREX provides two major options: its in-house platform and MetaTrader 4. Both types are available on various devices and can be accessed as a web-based platform and mobile app. Furthermore, FOREX's proprietary platform is furnished with advanced charting tools like 70+ technical indicators, a host of time intervals, multiple chart types, 50+ drawing tools, and customization features.
Trading in FOREX.com is provided with various trading conditions that accommodate the needs of multiple types of traders. Apart from the services, FOREX also provides guidance and supports in the forms of real-time trade signals and analysis tools from Autochartist and Recognia. There are also trained market strategists to work with on developing a trading plan, as well as market analysis to keep clients Stay informed with real-time market insights and actionable trade ideas from FOREX's research team.
Account funding and withdrawal are enabled via bank transfer. However, there are no further details on the minimum amount of each process. FOREX also does not seem to present other options for payment methods like credit cards or even e-payment.
Generally, FOREX is a reliable FX and CFD broker based on its regulations and long-standing history since 2001. Clients can trade in either FOREX's platform or MetaTrader 4 with competitive spread and pricing. Still, FOREX is one of the top-tiers in the brokerage industry that adheres to strict regulations of prestigious financial regulators.
Some of its trading conditions may not suitable for retail traders with barely enough experience or small capitals. Despite it all, FOREX.com hosts one of the most accomplished material packages when it comes to financial trading.
Dukascopy
Dukascopy offers leveraged CFD trading for cryptocurrencies, their derivatives, and value estimations, presenting traders with a unique opportunity. Unlike traditional cryptocurrency purchases, trading cryptocurrency CFDs allows for speculative operations without needing a digital wallet.
Dukascopy provides a range of benefits to traders, including the ability to trade long and short positions, allowing them to profit from any price movement. Leveraging is also available, enabling traders to deposit less than the contract size on Crypto. This feature enhances flexibility and capital efficiency.
Trading safely is another advantage, as storing cryptocurrencies in a digital wallet is unnecessary, leading to increased cyber security. Dukascopy's regulation compliance sets it apart from many other cryptocurrency providers that lack proper regulatory oversight.
Traders can also hedge risks by opening short positions on actual digital currencies, effectively locking in the price. Additionally, Dukascopy Bank offers deposit protection, with each client safeguarded up to CHF 100,000 against the risk of insolvency.
Founded in 2004, Geneva-based Dukascopy Bank offers trading spots, including forex, metals, binary options, CFDs on bonds, commodities, indices, stocks, ETFs, and cryptocurrencies through the same platforms. After the development of the Swiss FX Marketplace, Dukascopy acquired a Swiss banking license in 2010 and launched Dukascopy Bank.
They try to provide trading services based on the following main principles: equal trading rights and a transparent pricing environment. Dukascopy is licensed in Switzerland through the Swiss Financial Market Supervisory Authority (FINMA) and in the EU through the Financial and Capital Market Commission of Latvia (FCMC).
This ECN-Marketplace represents the advanced generation of liquidity aggregators in the industry. Dukascopy has a unique technology to hedge instantly any clients' trades directly with other liquidity providers. The company is currently connected to Bank of America, Commerzbank, Nomura, Barclays, Currenex, Deutsche Bank, JP Morgan, and other liquidity providers.
All trades are usually executed in milliseconds. Dukascopy offers the deepest source of liquidity in the industry resulting in tight spreads.
Opening an account in Dukascopy would allow you to trade in its proprietary platform called JForex, which can be accessed by desktop and mobile. In desktop experience, traders can get several features including hundreds of indicators, advanced charting, historical testing, real-time news, and embedded customer support.
On the other hand, customization is weak as there are no pop-out charts or built-in complex desktops and watchlists. The web version of the Java-based software triggers security warnings in Chrome and other browsers, while JForex mobile versions allow easy syncing between platforms.
Not only JForex, trading in Dukascopy also offers access to MetaTrader 4 platform that is appreciated by many traders around the world. It has main features such as expert advisors and customizable templates.
Furthermore, Dukascopy provides two types of accounts including Mobile Current Account (MCA) and Standard Current Account (SCA). For private use, traders can choose both account types. But for business use, SCA is more suitable. The minimum acceptable order size is 1,000 units of the primary currency.
Depending on Dukascopy services used by the clients, commissions may apply. Commissions and spreads are calculated through a declining tier system, with clients categorized by monthly trading volume and net deposit.
Dukascopy has won several awards including Best Forex Trading Apps 2019, Best Platform & Tools 2018, and Best Mobile Trading. Besides, the company also gets awarded as Best Forex Bank 2018 by China (Shenzhen) Forex Expo, Best Forex ECN/STP Broker 2018 by London Forex Show, and Best Provider of Liquidity 2017 by IAFT Awards.
Traders will get multiple ways of funding account, including credit and debit cards, wire transfers, and bank transfers. Each client is protected up to CHF100,000 against the insolvency risk of Dukascopy Bank. However, Dukascopy charges a $20 fee in addition to possible bank or credit card charges for withdrawals.
Dukascopy's clients have the opportunity to get more profit through bonus programs, including Equity Bonus, Discount Program, Experience Sharing, and Anniversary Bonus.
The minimal deposit size of the account with Dukascopy Europe is $100, while the minimum for Dukascopy Bank SA is $1,000. Deposits accepted in 23 currencies. Several additional features are available depending on the clients' profile and the type of account.
Dukascopy Bank provides a wide range of free financial information and other attractive resources through its website, Dukascopy TV online television, Freeserv products, and its active online Dukascopy community that hosts over 130,000 members. Based on the review of their clients, product sections and trading platforms point to limited "how-to" articles and videos about forex, CFD, indices, and cryptocurrency trading venues.
The members of Dukascopy may exchange in several languages on trading experiences, market views, trading strategies, may win prizes in various contests, and freely communicate through advanced and secure chat and video conference systems developed by Dukascopy.
The company provides a 24/6 support team through phone and live chat. Traders also can send questions via email. They maintain active social media portals as well as a dedicated support forum for JForex and automated trading.
Overall, Dukascopy is suitable for the highly experienced and high-volume traders. Higher than average trading costs could undermine beginner and retail accounts, who may have to look elsewhere for building skill levels due to weak educational resources.
CMC Markets
When it comes to trading cryptocurrencies, CMC Markets offers several key benefits. One of the standout advantages is precision pricing. CMC Markets aggregates pricing from 18 feeds, ensuring traders receive a more accurate price for their trades.
Additionally, traders can enjoy minimal slippage thanks to fully automated and lightning-fast execution, with an impressive execution speed of 0.0045 seconds. With a 99.9% fill rate, traders can be confident that there will be no partial fills or manual dealer intervention, regardless of their trading size.
CMC Markets also prides itself on providing dedicated customer service, with a UK-based team available 24/5 to assist traders. This award-winning service ensures that traders receive support whenever they need it. Furthermore, CMC Markets offers the option to trade crypto indices.
Lastly, one notable benefit is tax-free trading. Traders can enjoy the advantage of not paying capital gains tax on profits from cryptocurrency spread bets, providing potential tax savings.
For more variations of broker comparison, this particular tool can help you your own favorite brokers and compare them thoroughly.
2 Comments
Apr 26 2024
What exactly sets apart the crypto wallet provided by eToro from those offered by other brokers? I've heard about features like the eToro Money crypto wallet, but I'm curious to know what makes it stand out in the crowded market of crypto wallets.
Also, when it comes to the safety of crypto wallets, how reliable are they? With so much emphasis on security breaches and hacking incidents in the crypto world, I wonder just how safe it is to store digital assets in these wallets.
And here's another thing I'm pondering: if I decide to dip my toes into ETF crypto trading, do I need to go through the hassle of setting up a separate crypto wallet, or can I manage everything directly through the trading platform? It's something I've been mulling over lately.
May 1 2024
Ah, don't worry about it! Just some casual musings. But if you're curious about eToro's crypto wallet, it's worth exploring to see what features make it unique. And when it comes to the safety of crypto wallets, it's essential to do your research and choose a reputable platform with robust security measures.
As for trading ETF crypto, whether you need a separate wallet depends on the platform and your preferences. Some platforms allow you to manage everything directly, while others may require a dedicated wallet. But in general, ypu don't need to open crypto wallet to start trading bitcoin! So, It's all about finding what works best for you and your trading style!