| Updated: November 26, 2024- Jump to:
- Main Features of the Best Crypto Forex Brokers
- Compared By Leverage and Commission per Lot
- Crypto Forex Brokers by Spread
- How to Fund Forex Account with Cryptocurrencies
- How to Withdraw From Forex Account with Cryptocurrencies
- Benefits
- Disadvantages
- Fees and Limits
- Crypto Chargeback on a Forex Account
- Security When Trading Forex with Cryptocurrencies
- Conclusion
With forex brokers striving to maintain a fair, safe, and easy-to-trade environment, the list of supported payment solutions at each trading website continues to grow. As you may have noticed, in addition to forex pairs, CFDs on cryptocurrencies have also become a popular trading instrument. Additionally, cryptocurrencies have also become a popular payment solution used by traders to fund their trading accounts or withdraw their profits.
Fusion Markets74-89% of retail CFD accounts lose money- FP Markets73.85% of retail investor accounts lose money
- Pepperstone75.5% of retail investor accounts lose money
- BlackBull Markets
- easyMarkets71% of retail investor accounts lose money
- Global Prime74-89% of retail CFD accounts lose money
- HFM
- Eightcap76.09% of retail investor accounts lose money
- Tickmill70% of retail investor accounts lose money
- InstaForex
Main Features of the Best Crypto Forex Brokers
- Min Deposit$0Trading InstrumentsForex, Commodities, Indices, Crypto, US StocksRegulatorsASIC, FSA (Seychelles), VFSC (Vanuatu)Trading PlatformsMetaTrader4, MetaTrader5, cTrader, DupliTrade, Fusion+ Copy Trade, TradingViewSpread0.9 pips Classic; 0.0 pips ZeroLeverage1:30 (1:500 for forex and metals via VFSC)Deposit MethodsVisa, Mastercard, PayPal, Skrill, Neteller, Fasapay, Jeton Wallet, Perfect Money, Online Naira, Doku, Bitcoin, Ethereum, Litecoin, USDT, Tether, Ripple, bank wire, ZotaPay, VNPay, DuitNow, XPay, DragonPay, VAPay, FasaPayWithdrawal MethodsVisa, Mastercard, Bank Wire, Skrill, Neteller,Bitcoin, Ethereum, Litecoin, Tether, Ripple, MiFinity74-89% of retail CFD accounts lose money
Accepts payments via popular cryptocurrencies like BTC, ETH, LTC, BTC, and more. Does not impose fees on crypto payments. The minimum deposit and withdrawal amount for crypto payments is $10.
- Min Deposit$50 (AU$100)Trading InstrumentsForex CFDs, Shares CFDs, Metals CFDs, Commodities CFDs, Indices CFDs, Crypto CFDs, ETF CFDsRegulatorsASIC, CySEC, FSA (Seychelles), FSCA, FSA (St. Vincent and the Grenadines)Trading PlatformsMetaTrader4, MetaTrader5, WebTrader, IRESS, cTrader, TradingViewSpread1.0 pips Standard; 0.0 pips RawLeverage1:30Deposit MethodsVisa, Mastercard, Neteller, Bank Transfer, Skill, Sticpay, Fasapay, Virtual Pay, Perfect Money, Pagsmile, Dragonpay, Crypto, Apple Pay, Google Pay, Online Banking, Broker to Broker, PayPal, XPay, RapydWithdrawal MethodsVisa, Mastercard, Bank Wire, Neteller, Skrill, Paytrust88, PayPal73.85% of retail investor accounts lose money
Supports payments via BTC, ETH, BTC, LTC, XRP, USDT, and more, Crypto payments through third-party platforms are also accepted. Crypto deposit processing time is up to 1 hour, while withdrawals may take up to 1 business day. Blockchain fees apply.
- Min Deposit$0Trading InstrumentsForex, Indices, Commodities, Cryptocurrencies, Share CFDs, ETFsRegulatorsUK FCA (No.684312), CySEC (No. 388/20), ASIC (No. 414530), BaFin (No.151148), DFSA, CMA, SCB (Bahamas)Trading PlatformsTradingView, MT5, MT4, cTraderSpreadFrom 0.0 pips (Razor Accounts), 1 pip (Standard Accounts)Leverage1:30Deposit MethodsVisa, Mastercard, PayPal, Bank Transfer, BPay, Neteller, SkrillWithdrawal MethodsVisa, Mastercard, PayPal, Bank Transfer, BPay, Neteller, Skrill75.5% of retail investor accounts lose money
Accepts crypto payments in USDT. Deposit limits per transaction via USDT are between $25 and $500,000. No fees are applied on crypto deposits at Pepperstone.
- Min Deposit$0Trading InstrumentsForex, Cryptocurrencies, Indices, Commodities, BondsRegulatorsASIC (No. 385620), VFSC (No. 40256)Trading PlatformsMT4 Desktop, MT4 Webtrader, MT4 AndroidSpread0.9 pips Standard, 0.0 pips RawLeverage1:500 (1:30 for ASIC entity)Deposit MethodsVisa, Mastercard, PayPal, Skrill, Neteller, Gate8, Dragonpay, Fasapay, VNPay, Pagsmile, BPay, POLi, AstroPay, Bank Transfer, Interac, Perfect Money, PayID, Jeton, MiFinity, XPay, CryptoWithdrawal Methods
Mastercard, Visa, Local Bank Transfer, Bank Wire Transfer, Skrill, Neteller, AstroPay, PayPal, Dragonpay, Perfect Money, Jeton, Interac, Cryptocurrencies
74-89% of retail CFD accounts lose moneyFacilitates instant crypto deposits and withdrawals. Minimum required deposit and withdrawal amount is $10. Imposes no fees on crypto payments.
- Min Deposit$100Trading InstrumentsRegulatorsCySEC (license no. 079/07), ASIC (license no. 246566), FSA (license no. SD056), and FSC (license no. SIBA/L/20/1135).Trading PlatformseasyMarkets, MetaTrader 4, MetaTrader 5, TradingViewSpreadLeverage1:30Deposit MethodsVisa, Mastercard, JCB, Amex, Skrill, Neteller, Fasapay, Sofort, iDEAL, Web Money, BPay, Bank TransferWithdrawal MethodsVisa, Mastercard, JCB, Amex, Skrill, Neteller, Fasapay, Sofort, iDEAL, Web Money, BPay, Bank Transfer71% of retail investor accounts lose money
Accepts crypto funding via BTC, ETH, BTC, USDT, LTC, and more. Deposits via crypto may take up to 3 hours. Charges no fees on crypto transactions.
- Min Deposit$100Trading InstrumentsForex CFDs, Commodity CFDs, Shares CFD's, Index CFDs, Crypto CFD'sRegulatorsSCB (No. SIA-F220), ASIC (No.391441), CySEC (No. 246/14), FCA (No. 921296)Trading PlatformsMT4, MT5, WebTrader, TradingView, Capitalise.ai, FlashTraderSpread0.1 pips on Standard and TradingView Accounts; 0.0 pips Raw AccountsLeverage1:30Deposit MethodsVisa, PayPal, Mastercard, Wire Transfer, Neteller, Skrill, Tether, Bitcoin, BPAY, Dragonpay, Fasapay, Interac, Pix, UnionPayWithdrawal MethodsMastercard, Visa, PayPal, Skrill, Neteller, Bitcoin, Tether, Wire Transfers, BPAY, Fasapay, Pix, Interac, UnionPay76.09% of retail investor accounts lose money
Supports crypto payments via BTC, USDT (TRC20), and USDT (ERC20). Crypto deposits and withdrawals are processed instantly, with deposit limits being $50 – $100,000, while withdrawal limits are set at $10 – $100,000. Charges no fees on crypto payments.
- Min Deposit$0 (Standard)$2,000 (Prime)$20,000 (Institutional)Trading InstrumentsForex, Commodities, Futures, Indices, Stocks, CryptocurrenciesRegulatorsSFSA (No. SD045), FMA (No. FSP403326), FSATrading PlatformsMT4, MT5, TradingView, cTrader, MT WebTrader, BlackBull Shares, BlackBull CopyTrader, BlackBull Trade, BlackBull Invest, ZuluTradeSpread0.8 pips Standard; 0.1 pips Prime; 0.0 pips InstitutionalLeverage1:500Deposit MethodsVisa, Mastercard, Neteller, Airtm, Skrill, Bank Transfer, HexoPay, American Express, POLi, Payment Asia, Help2Pay, FXPay, Fasapay, China Union Pay, Boleto, AstroPay, Beeteller, Bitcoin, Ethereum, Tether, Ripple, Litecoin, Bitcoin Cash, Chainlink, USD Coin, StellarWithdrawal MethodsVisa, Mastercard, Bank Transfer, Airtm, Skrill, Neteller, American Express, POLi, HexoPay, Payment Asia, Help2Pay, FXPay, China Union Pay, Boleto, Fasapay, Beeteller, AstroPay, Bitcoin, Litecoin, Bitcoin Cash, Tether, Ripple, Stellar, Chainlink, Ethereum, USD Coin
Supports various cryptocurrencies as fee-free deposit and withdrawal options. Deposits are processed instantly upon approval. Minimum deposit and withdrawal amount is set at $25. Deposits have a cap of $50,000, while crypto withdrawals have no specific maximum.
- Min Deposit$100Trading InstrumentsForex, CFD's on Stock, CFD's on IndicesRegulatorsCySEC (No. 278/15), FCA (733772), CONSOB (No.4310), BaFin (No.146511), ACPR (No.75473), CNVM (No.4082), FSA Seychelles (SD 008), FSCA (FSP 49464), DFSA (F007663)Trading PlatformsMT4, MT5, WebTrader, ZuluTradeSpreadFrom 0.0 pips (Raw Account), 1.6 pips (Classic Account)Leverage1:30Deposit MethodsBank Transfer, Skrill, Mastercard, Visa, PayPal, Przelewy24, Neteller, TrustlyWithdrawal MethodsMastercard, Visa, Skrill, Neteller, Przelewy24, PayPal, Bank Transfer70% of retail investor accounts lose money
Supports deposits and withdrawals in BTC, ETH, or USDT. Processing time varies between several minutes and a few hours. Tickmill charges no fees on crypto deposits and withdrawals.
- Min Deposit$0 (Zero, Premium), $5,000 (Premium Pro)Trading InstrumentsRegulatorsCySEC, FCA, FSCA, CMA, DFSA, FSA (Seychelles)Trading PlatformsMT4, MT5, ProprietarySpread0.0 pips (Zero), 1.0 pip (Premium Pro), 1.4 pips (Premium)LeverageDeposit MethodsWithdrawal Methods
Accepts crypto deposits and withdrawals, with no fees charged on crypto transactions. Deposits are processed instantly, while withdrawals may take up to 24 hours. Deposit limits for crypto payments are $30 – $10,000. Withdrawals via crypto have a minimum of $10 and no cap on the maximum withdrawal amount.
- Min Deposit$1Trading InstrumentsForex, CFD's on Stock, CFD's on IndicesRegulatorsCySEC, FSC (St. Vincent and the Grenadines), FSC (British Virgin Islands)Trading PlatformsMT4, MT5, WebTrader, IFXWebSpreadLeverageDeposit MethodsBank Wire, Visa, MasterCard, Bitcoin, Ethereum, Crypto, Neteller, SkrillWithdrawal MethodsBank Wire, Visa, Bitcoin, Ethereum, Crypto, Neteller, Skrill
Accepts payments in BTC, LTC, and USDT. Deposits and withdrawals may take up to 3 hours to process. Does not charge any fee on crypto deposits and withdrawals.
Crypto Forex Brokers Compared By Leverage and Commission per Lot
| Broker | Min Deposit | Max Leverage | Commission per Lot | Trustpilot Rating |
|---|---|---|---|---|
| 1. Fusion Markets | $0 | 1:30 for ASIC Entity (1:500 for VFSC Entity) | $0 Classic Account, $4.50 round turn on Zero Account | 4.9 |
| 2. FP Markets | $50 (AU$100) | 1:30 (Retail)1:500 (Professional) | $0 Standard Account; $6 round turn on Pro Account | 4.8 |
| 3. Pepperstone | $0 | 1:30 (Retail ASIC, CySEC, FCA); 1:500 (Professional); 1:400 (CMA) | $0 (Standard Account), $7 round-turn (Razor Account) | 4.7 |
| 4. BlackBull Markets | $0 (Standard)$2,000 (Prime)$20,000 (Institutional) | 1:30 (Retail)1:500 (Professional) | $0 Standard; $6 per lot Prime; $4 per lot Institutional | 4.6 |
| 5. easyMarkets | $100 | 1:30 for retail clients1:400 for professional clients | $0 | 4.5 |
| 6. Global Prime | $0 | 1:30 (Retail)1:500 (Professional) | $0 Standard Accounts; $7 round turn on Raw Accounts | 4.4 |
| 7. HFM | $0 (Zero, Premium), $5,000 (Premium Pro) | 1:30 (CySEC, FCA)1:1000 (FSA) | $6 to $8 round-turn (Zero) | 4.3 |
| 8. Eightcap | $100 | 1:30 (ASIC, CySEC)1:500 (FSA) | $0 on Standard and TradingView Accounts; $7 round turn on Raw Accounts | 4.2 |
| 9. Tickmill | $100 | 1:30(1:300 for Pro EU Accounts)1:1000 (Non-EU Accounts) | $0 on Classic Account; $3 per side on Raw Account | 3.7 |
| 10. InstaForex | $1 | 1:30 (CySEC)1:1000 (FSC) | $0 | 3.2 |
Crypto Forex Brokers by Spread
| Broker | EUR/USD | USD/JPY | GBP/USD | USD/CHF | AUD/USD | EUR/GBP | USD/CAD |
|---|---|---|---|---|---|---|---|
| 1. HFM | |||||||
| 2. Fusion Markets | 0.07 | 0.13 | 1.01 | 0.37 | 0.90 | 0.23 | 0.14 |
| 3. BlackBull Markets | 0.1 | 0.2 | 0.4 | 0.9 | 0.4 | 0.7 | 0.5 |
| 4. Tickmill | 0.1 | 0.1 | 0.3 | 0.4 | 0.1 | 0.4 | 0.2 |
| 5. Global Prime | 0.13 | 0.28 | 1.11 | 0.34 | 0.07 | 0.28 | 0.26 |
| 6. easyMarkets | 0.7 | 1.0 | 0.9 | 1.5 | 1.2 | 1.0 | 2.3 |
| 7. Pepperstone | 1.00 (min) | 1.0 | 1.00 (min) | 1.1 | 1.2 | 1.2 | 1.42 |
| 8. Eightcap | 1.00 (min) | 1.1 | 1 | 1.4 | 1.2 | 1 | 1.2 |
| 9. FP Markets | 1.1 | 0.30 | 1.2 | 1.8 | 1.2 | 0.20 | 1.5 |
| 10. InstaForex | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
How to Fund Forex Account with Cryptocurrencies
Before we explain the simplicity of using cryptocurrencies as your deposit option at a forex broker, we would like to note that you need to create your crypto wallet beforehand. Funding the wallet with the preferred cryptocurrency is also required, allowing a quicker deposit process once you decide to fund your forex account with crypto. While Bitcoin is the most commonly accepted cryptocurrency at forex brokers, you may also have the chance to resort to different popular cryptocurrencies for your payments.
If you are ready to fund your trading account, you can head to the Deposit section of your trading profile. Choose the option enabling crypto payments and select the amount you would like to deposit. You will notice that the broker is providing a Bitcoin (or a different cryptocurrency) wallet address. You need to open your crypto wallet, select the option of transferring funds, and enter the crypto wallet address you have been provided by the forex broker. Select the amount you would like to transfer to your forex account and continue to the next step of the transfer process. You will be asked to confirm the transaction, allowing you to take a final look at the details of the payment. Once you confirm, it may take between a few minutes or up to a few hours until the crypto funds arrive in your trading account.
How to Withdraw From Forex Account with Cryptocurrencies
Depending on the broker that you have joined, during the crypto deposit process, you may be asked to provide your crypto wallet address in the payments section of the broker. Once that address is saved, it can be easily used for your crypto withdrawals. When you are ready to cash out your trading profits to your crypto wallet, all you need to do is choose the Withdraw option from the Payments page of your trading account.
Select the crypto payment solution and pick the cryptocurrency in which you would like to process the withdrawal. Enter the amount you would like to transfer to your digital wallet and either choose the address you have previously saved or copy and paste the correct address from your crypto wallet. Once you confirm the transaction, the broker may ask you to provide a verification code, which is generated through a Google authentication app, or other similar security tool. As soon as you authenticate the payment, the transaction will start processing. Just like deposits, the processing time of crypto withdrawals may vary between several minutes and up to a few hours.
Benefits of Using Cryptocurrencies for Forex Trading
If you are still considering whether cryptocurrencies are the best option for funding your forex account and withdrawing your trading money, you may want to consider the advantages of this method.
With more forex brokers adopting Bitcoin and other popular cryptocurrencies as a supported payment solution, it is easy to come across a reputable brand that enables deposits and withdrawals via cryptocurrencies. In most cases, where paying via crypto is allowed, traders can choose from popular crypto coins like Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Tether, and more.
Conveniently enough, cryptocurrencies are usually available both as a deposit and withdrawal option, allowing you to use the same solution for all your forex payments. Funding your forex account via cryptocurrencies or withdrawing funds to your crypto wallet is a straightforward process that often may take 15 minutes to a few hours to complete. Compared to other methods, crypto payments can be considerably faster.
Disadvantages of Using Cryptocurrencies for Forex Trading
While crypto payments most definitely have their perks, you should also consider a few weaknesses of using this solution for your forex payments. One of the biggest concerns is the availability of the option as cryptocurrencies are often not available to traders residing in particular regions. What is more, if you do not own bitcoins or other popular digital coins, you may have issues finding a forex broker supporting payments in the cryptocurrency you own.
Another disadvantage is the need for a digital wallet to initiate a crypto payment to and from your forex account. Whether you use a third-party wallet provider or you have obtained an offline wallet, the need for additional steps for acquiring a crypto wallet may be burdensome for some forex traders.
While crypto payments are considered extremely safe due to their decentralized nature, the fact that crypto payments are not traceable can also be an issue. When initiating a crypto payment, you need to provide the broker’s crypto wallet address or the address of the wallet you are using for your forex withdrawals. If you are not careful and provide the wrong address, your money will be lost forever and there will be no chance of requesting chargebacks.
Fees and Limits When Using Cryptocurrencies to Trade Forex
Whenever you decide to top up your forex account via a cryptocurrency, you can enjoy one of the most cost-effective ways to handle your forex payments, with very small fees attached to your transactions. The surcharge that you pay when initiating a crypto deposit will depend on the broker’s fee policy, with some brokerages choosing to charge no fees on crypto deposits.
Even though some brokers do not require a specific deposit amount to activate your trading account, individual payment solutions tend to come with a required minimum. In the case of depositing via cryptocurrencies, the minimum amount you are asked to deposit will most likely correspond to the minimum required for fiat methods. In most cases, the minimum deposit may be the equivalent of $10 – $30. Information on the exact required amount for crypto deposits should be visible before you initiate the funding of your trading account.
If you are allowed to withdraw your winnings to a crypto wallet, the fees attached to the transaction may be extremely low, with some brokers even applying zero fees on crypto withdrawals. That said, keep in mind that certain withdrawal fees may be applied, with rates depending on the blockchain network processing the transaction. As for the limits imposed on crypto withdrawals, typically, the minimum allowed amount is equal to the minimum required deposit, i.e. about the equivalent of $10 – $30.
Crypto Chargeback on a Forex Account
Unfortunately, one of the drawbacks of crypto payments is the inability to request a chargeback. The nature of crypto transactions eliminates the possibility of requesting a chargeback. As mentioned earlier, traders should be extra careful whenever they provide the wallet address of their trading account of their crypto wallet.
Since crypto wallet addresses are unique, even a mistake in a single digit will lead to a transfer to a different crypto address. The unfortunate thing in such a case is that there is no reversal of the transaction, with funds being lost forever. We advise traders to save their wallet addresses in their trading accounts before they initiate any withdrawals. As for deposits, one can try with an initial deposit of a smaller value, and proceed with larger deposits once they are sure they have provided the correct wallet address for their forex deposits.
Security When Trading Forex with Cryptocurrencies
Whether you use a cold wallet, a custodial wallet provided by an exchange platform, or a different variation of a crypto wallet, you can be certain that your funds are protected via some of the most stringent encryption technology, strong passwords, two-factor authentication, and other tools used to ensure the utmost security for your crypto funds.
Naturally, regulated brokers accepting crypto payments have also adopted the same selection of security instruments to keep your funds safe. Whenever you initiate a transfer of funds to your forex account, the transaction will be protected via industry-standard encryption technology. What is more, as crypto payments are difficult to trace, you maintain a certain anonymity while funding your forex account.
If you decide to withdraw your forex profits to an offline crypto wallet, you can be certain that your funds will be protected via advanced sets of security tools, allowing no one but yourself access to your crypto money.
Conclusion
More forex brokers are starting to accept payments via cryptocurrencies, allowing traders a great alternative for their deposits and withdrawals. While it is a convenient option for a number of forex traders, crypto may be restricted in certain regions. That said, traders who have access to this method can initiate fast, secure, and cost-effective deposits to their trading accounts. Meanwhile, crypto withdrawals allow an extremely safe way to store your forex profits.