Top 10 Bitcoin Brokers - April 2018
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July 2017
|
RANK
|
BROKER
|
REGULATION
|
SUPPORT
|
USER
SCORE |
START
TRADING |
||||
|---|---|---|---|---|---|---|---|---|---|
|
1
|
|
Free Trading Central Access - |
$100
|
1.5 PIPs
|
400:1
|
CySEC
|
    |
||
|
2
|
|
Deal Cancellation Within an Hour |
$250
|
1.8 PIPs
|
400:1
|
CySEC, ASIC
|
|
||
|
3
|
|
N.A. - |
$100
|
0.7 PIPs
|
500:1
|
CySEC
|
|
||
|
4
|
|
$25 Free No Deposit Required ( T&C Apply ) |
$100
|
2 PIPs
|
300:1
|
CySEC, FSB
|
|
||
|
5
|
|
N.A. - |
$100
|
3 PIPs
|
400:1
|
NFA, FCA, CySec
|
|
||
|
6
|
|
Up to 30% Bonus Up to $2,000 |
$100
|
0.7 PIPs
|
200:1
|
FCA, CFD Central Securities (Pty)
|
|
How to Choose a Bitcoin Broker?
There are many Bitcoin brokers you can choose from online and each offer different features and advantages. Selecting the best one is not an easy task for a trader but there are several things to consider that can help you make an informed decision:
The Trading Platform
Your trading platform is your portal into the exciting world of bitcoin trading. You'll want to find a platform that is user friendly and intuitive but also powerful enough to meet all your trading needs. It's also important that there are FAQs and visible Terms and Conditions on the broker's site that users can find and refer to if needed.
Most bitcoin brokers offer demo accounts so you can always given their trading platforms a try before signing up for a real account.
Customer Service
Financial markets are highly volatile and you have very little margin to act on your decision for buying/selling. Having customer service in real time is crucial for addressing any issues with accounts, depositing and taking out your money. Reputable bitcoin brokers have at least two ( or more ) channels for communication, such as live chat, e-mail and international phone number.
Deposit / Withdrawal
It is also important to familiarize yourself with the deposit and withdrawal policies when choosing a bitcoin broker. Keep in mind that while deposits are usually very easy to make, withdrawals can be handled differently and are not always that easy. Check which methods they offer for withdrawals, any withdrawal fees charged etc.
Regulation
Regulation is one of the most important factors to consider when choosing a bitcoin broker. Proper regulation helps ensure that your bitcoin broker is adequately capitalized in the event of trading losses, keeps your funds in secure and segregated accounts, and maintains fair dealing practices to so that your trades will be executed at the prevailing market prices. We strongly advise that you select a regulated broker with a clean regulatory record to benefit from these protections.
“As an experienced trader, I think they are great. They offer great options and low spreads along with excellent trading tools”
Score: 9 Written on: 15.05.2017
Pros
- Very large selection of trading assets
- Intuitive web-based platform in addition to MT4
- Low minimum deposit
Cons
- Doesn’t accept US traders
- Does not offer VPS services
“I was new in trading and had no clue on how to trade. I strongly recommend this broker both for beginners and advanced traders .”
Score: 9.5 Written on: 09.06.2017
Pros
- No deposit or withdrawal fees
- Powerful tools and resources available
- Offers fixed & variable spreads
- One-click trades
Cons
- Limited bonuses and promotions
- Fewer currency pairs compared to other brokers
- Does not accept U.S. traders
“A friend of mine recommended Itrader.com to me and they are by far the best broker I ever used thus far”
Score: 9 Written on: 25.07.2017
Pros
- MT4 Available
- Well-regulated
- No commission fees
- High Leverage Levels Offered
Cons
- Market maker model
- Does not accept U.S. traders
- High spreads ( Except on Premium Accounts)