Bitcoin, known globally as the leading cryptocurrency, is gaining recognition even among traditional currencies. With El Salvador's government endorsing bitcoin, it has achieved unprecedented legitimacy. While primarily a store of value, bitcoin’s adoption in El Salvador hints at future potential as a medium of exchange. Consequently, bitcoin is increasingly seen as part of the traditional Forex market. Several Forex brokers now facilitate trading bitcoin and other cryptocurrencies alongside fiat currencies.
What Are Crypto Forex Brokers?
Forex brokers are financial service providers enabling customers to trade foreign currencies. In Forex markets, trades involve two currencies—for example, USD/JPY or CHF/CAD.
Key features of Forex markets include:
- 24/7 trading cycle, similar to crypto markets.
- Early bitcoin traders often originated from Forex backgrounds.
Crypto Forex brokers function like traditional Forex brokers but include cryptocurrencies in their trading options.
Differences Between Crypto Forex Brokers and Crypto Exchanges
Traditional crypto exchanges (e.g., Binance, Coinbase) allow users to take custody of purchased crypto assets. In contrast, crypto Forex brokers trade derivatives like Contracts-for-Difference (CFDs), which track asset prices without transferring ownership.
Key distinctions:
- No crypto withdrawals: CFDs don’t grant control over underlying assets.
- Higher risks: Margin calls can occur during volatility, especially with low-cap altcoins.
- Limited blockchain utility: These platforms suit traders uninterested in blockchain technology.
Choosing a Crypto Forex Broker
Selecting a broker involves evaluating:
- Fee structures: Compare costs for your preferred trading type.
- Platform legitimacy: Verify regulatory compliance and reputation.
- Deposit/withdrawal methods: Check supported payment options.
- Cryptocurrency offerings: Ensure desired coins are listed.
- Crypto support: Some brokers offer spot trading or advanced crypto features.
Top Crypto Forex Brokers for 2025
Here are six leading brokers based on fees, security, and crypto integration:
1. eToro
- Social trading: Copy trades of experienced users.
- Availability: CFD platform accessible globally (excluding the U.S.).
- Fees: 0.75% for bitcoin; up to 4.5% for other cryptos.
- Demo account: Practice trading before depositing funds.
👉 Explore eToro’s trading platform
2. Capital.com
- Crypto pairs: 382 CFD trading pairs.
- Fees: No explicit fees; spreads start at 0.5% (BTC) and 1% (ETH).
- Education: Beginner-friendly app with trading tutorials.
3. AvaTrade
- Regulated: Registered with the Central Bank of Ireland.
- Crypto assets: Bitcoin, Ethereum, Litecoin, and more.
- Spreads: As low as 0.35% for major cryptos.
- Drawback: Inactivity fee ($50 after 3 months).
4. EightCap
- Reputation: Established in 2009, regulated in multiple jurisdictions.
- Crypto diversity: 200+ cryptocurrencies via CFDs.
Account types:
- Raw: Flat commission per trade.
- Standard: Fees embedded in spreads.
5. Libertex
- Longevity: 24 years in operation.
- Zero commissions: Fees via spreads (~0.5% for BTC).
- Unique pairs: 70 crypto pairs, including DOGE/SHIB.
6. Interactive Brokers
- Low fees: 0.12% commission (minimum $1.75 per order).
- Multi-asset trading: Stocks, bonds, and crypto via Paxos Trust.
- Debit card: Mastercard-linked access to funds.
FAQs
Q: Can I withdraw crypto from a Forex broker?
A: No. Crypto Forex brokers trade CFDs, not actual cryptocurrencies.
Q: Are CFD trades riskier than spot trading?
A: Yes, due to leverage and margin calls during volatility.
Q: Which broker offers the lowest fees?
A: Interactive Brokers charges 0.12% commission, the lowest on our list.
Q: Do all brokers support altcoins?
A: No. Check each broker’s crypto listings before signing up.
Q: Is social trading available on these platforms?
A: eToro specializes in social trading, allowing users to mimic successful traders.