Following the phenomenon of Bitcoin's increasingly rapid growth in popularity, demand for Bitcoin trading is also increasing. Well, for those of you who are already familiar with forex trading, you don't need to bother looking for another type of broker just for trading Bitcoin, because forex brokers are now offering Bitcoin trading.

What are the Benefits of Trading Bitcoin at a Forex Broker?

Bitcoin trading has been widely introduced on crypto exchanges as an act of buying and selling the digital currency as it is. We buy Bitcoin to put it into our Wallet, then we can sell it again when the price rises. In essence, we have to actually own Bitcoin to be able to sell it.

In fact, Bitcoin is an extremely volatile instrument so trading the asset the traditional way can be less effective.

As a provider of forex and CFD trading services, forex brokers can certainly provide Bitcoin as a CFD instrument. Here, you don't really need to have Bitcoin to trade it, because the trading principles applied are the same as the basics of forex trading, only that what is traded is Bitcoin against USD (BTC/USD), not a pair consisting of 2 fiat currencies. (example: EUR/USD, GBP/USD, USD/JPY, etc.).

Compared to crypto exchange platforms, the opportunity to trade Bitcoin at a forex broker provides several advantages:

• Faster execution and higher liquidity.
• Available on MetaTrader, a popular and reliable trading platform supported by some of the best analytical tools in the market.
• Access to Pending Orders, Stop Loss, Take Profit, and Trailing Stop.
• No waiting for order queues.

For those of you who already have an account with a forex broker, trading Bitcoin can be a lucrative side activity because the crypto market has advantages that the forex market doesn't have: open 24/7 non-stop.

Which Forex Brokers to Trade Bitcoin?

Forex brokers with Bitcoin trading services are getting more and more common, but that doesn't mean you can choose whatever. As such, the following brokers are recommended for Bitcoin trading due to their experience and commitment in providing the best service for their clients:

Exness

In the midst of tight competition for forex brokers with beginner-friendly conditions, Exness emerged as one of the top choices thanks to its Cent Account.

Bitcoin trading at Exness can be carried out on almost all account types. With margin conditions starting from 0.25%, BTC/USD can be traded without any commission. Apart from that, Exness allows non-stop transactions according to the crypto market open hours which is 24/7.

IC Markets

IC Markets has flexible trading conditions because they support trading on the MetaTrader, cTrader, and TradingView platforms. For Bitcoin trading, IC Markets offers leverage up to 1:200 on the MetaTrader platform and a minimum lot of 0.01 (with a size of 1 unit per lot). Both scalping and hedging strategies are allowed, so you can use them to earn profits from the crypto market.

IC Markets is not only a broker for Bitcoin trading, but also trading for other cryptocurrencies such as Bitcoin Cash (BCH/USD), Ethereum (ETH/USD), Dash (DSH/USD), Litecoin (LTC/USD), Ripple (XRP/USD), and many more.

OctaFX

OctaFX is one of the most well-known retail brokers with years of experience. With 5-digit price precision and floating spreads starting from 0.6 pips, this broker offers trading on 3 types of platforms: MT4, MT5, and OctaTrader.

For Bitcoin trading, OctaFX provides a leverage of 1:25 and minimum deposit of just $100. However, Bitcoin trading at this forex broker is only available on MT4 and MT5 accounts. Apart from Bitcoin, OctaFX allows trading with LTC/USD (Litecoin), ETH/USD (Ethereum), BCH/USD (Bitcoin Cash), and other top cryptocurrencies.

XM

Another forex broker with many benefits for various traders, XM presents Zero Spread via an Ultra Low account and webinar programs with local teachers.

Bitcoin trading at XM broker is available with several advantages: Zero Commissions, Leverage up to 1:500, non-stop trading time (24/7), low spreads, and no requotes. Traders can also choose the MetaTrader 4 or MetaTrader 5 platforms to trade BTC/USD. On Standard and Micro accounts, the minimum spread on the pair is 53 pips, while the Ultra Low account allows spreads as low as 40 pips.

InstaForex

Among forex traders, this broker is one of the most recognizable because it already has millions of clients and has been operating since 2009. One of InstaForex's distinguished advantages is its uniquely defined trading volume of 10,000 units per 1 lot.

InstaForex opted to provide #Bitcoin instruments in its CFD asset list. However, it should also be noted that the minimum lot rules for Bitcoin trading on InstaForex are not the same as forex trading. To help traders enhance their chances in the cryptocurrency market, the broker supports Bitcoin trading with Bitcoin charts, analytical sections, and a mobile app to follow the latest updates about Bitcoin.

Apart from Bitcoin, InstaForex also provides crypto trading with other assets such as Litecoin, Ripple, and Ethereum.

ThinkMarkets

Commonly known as an Australian broker, ThinkMarkets has been well regarded as a good platform for intermediate or experienced traders looking for a reliable forex broker.

In terms of service, ThinkMarkets offers quite a lot of variants that can help traders' needs, one of which is through Bitcoin trading. Furthermore, a variety of other currencies such as Ethereum, Bitcoin Cash, and Litecoin are also available. Due to the various instruments on offer, ThinkMarkets claimed to be the first UK and Australian-regulated broker to offer crypto as CFD assets.

FXOpen

FXOpen can be a broker of choice in terms of its Autotrading services. Apart from supporting access to the Myfxbook automated trading platform, FXOpen also has an exclusive PAMM for its traders who wish to participate in the program. FXOpen offers a special Crypto account to accommodate Bitcoin trading. The account is supported by market execution, 1:3 leverage, and 43 crypto pairs. Traders can also manage FXOpen Crypto accounts with base currencies mBTC, LTC, and ETH.

Alpari

Alpari provides Bitcoin trading with a floating commission system on the Pro ECN MetaTrader 4 account. This means that the commission applied can change depending on the client's trading size. The higher the trade size, the smaller the commission.

For leverage, Alpari facilitates Bitcoin trading with a ratio of up to 1:10. Traders who want to diversify risks in the crypto market can also trade with other coins such as Ethereum, Bitcoin Cash, Cardano, Litecoin, Avalanche, Chainlink, Dogecoin, Polygon, Ripple, and Solana.

JustMarkets

JustMarkets offers Bitcoin trading on all account types except the Standard Cent. The lowest spread can be obtained on the Raw Spread account at around 17.6 pips. However, there is a commission of 0.05% on this particular account.

JustMarkets Bitcoin traders can choose the MT4 or MT5 platform because they provide Bitcoin and other crypto instruments on both platforms.

More options for the best forex brokers that provide Bitcoin trading can be seen in this article