Best CFD Brokers for Bitcoin margin trading - 2023 Ranking
Broker ranking with the lost cost for trading on BTCUSD - Spreads, swap points and commissions.
Exchange Bitcoins at the lowest cost.
Find out the top 3 brokers that offer you BTCUSD (Bitcoin) with the lowest trading cost in the industry.
Top CFD brokers for trading on BTCUSD (Bitcoin)
For over a decade, many traders around the world have invested their funds in trading on BTCUSD (Bitcoin). Created in 2009 as the first decentralized currency, Bitcoin immediately aroused considerable interest among investors. To date, many online CFD brokers offer trading on the popular cryptocurrency and choosing one of these can depend on various factors including the costs to be incurred.
Assuming a trader opts for an investment with a large trading volume on BTCUSD, the trader will have to take into account that large losses could occur due to the cost of the spread, commissions and other hidden costs such as swap points.
In this article, some CFD brokers that are particularly popular among traders will be proposed. In addition, having carried out a thorough and careful research, the 3 best brokers for trading on BTCUSD with the lowest costs will be listed.
The table below will compare the best CFD brokers for trading on Bitcoin.
|Crypto Brokers||Bitcoin Spread||Max Leverage||Swap Costs||Trading Session|
|XM||From $39 (No Commission)||1:250||None||24/7|
|EXNESS||From $58.2 (No Commission)||1:400 (Limited to 1:200 on weekends)||None||24/7|
|CryptoAltum||From $1.75 (No Commission)||1:500||Charged||24/7|
|FBS||$30 (No Commission)||1:5||Charged||24/7|
|FXPro||$50 (No Commission)||1:2||Charged||24/7|
|Capital.com||$99 (No Commission)||1:2||Charged||24/7|
|IC Markets||$9 (No Commission)||1:200||Charged||24/7|
|Axi||$40 (No Commission)||1:100||Charged||24/7|
|eToro||$200 (No Commission)||1:2||Charged||24/7|
The best broker for scalping and day trading on Bitcoin
In terms of spreads, CryptoAltum offers by far the lowest trading cost in the industry.
The spread offered (i.e. the difference between ask and sell prices) is only $ 1.75 and in addition CryptoAltum does not charge any fees.
For traders who opt for daily Bitcoin trading (i.e. opening and closing positions a lot), deciding to invest on CryptoAltum will be the right choice at low cost.
The cost of CryptoAltum’s spread is literally over 100 times lower than other brokers on the market.
The only negative in trading with CryptoAltum is the cost of the swap.
If you want to open BTCUSD positions and hold them for the long term, the costs arising from the swap points may be excessive.
In conclusion it can be said that CryptoAltum’s BTCUSD trading is recommended for scalpers and day traders.
Visit the website CryptoAltum official
The best broker for long-term trading on Bitcoin
For traders who prefer long-term investments, keeping BTCUSD positions open as much as possible to make more profits, it will be necessary to choose a broker that offers Bitcoin swap-free trading.
For swap-free trading on BTCUSD, 2 are noteworthy brokers: XM and EXNESS.
Both XM and Exness, in addition to the countless advantages deriving from the services and tools offered, give the possibility of being able to trade without swaps on cryptocurrencies.
Since there are no time limits, the trader can keep the positions open for as long as he wants.
In 2023, XM added 31 cryptocurrency pairs to trade on: AAVEUSD, ADAUSD, ALGOUSD, AVAXUSD, AXSUSD, BATUSD, BCHUSD, BTCEUR, BTCGBP, BTCUSD, COMPUSD, ENJUSD, ETHEUR, ETHGBP, ETHUSD, FETUSD, GRTUSD, LINKUSD, LTCUSD, MATICUSD, OMGUSD, SKLUSD, SNXUSD, SOLUSD, STORJUSD, SUSHIUSD, UMAUSD, UNIUSD, XLMUSD, XRPUSD and ZRXUSD.
In 2023, Exness offers a wide range of cryptocurrencies: Bitcoin (BTCUSD, BTCKRW, BTCJPY), Litecoin (LTCUSD), Ethereum (ETHUSD), Ripple (XRPUSD), Bitcoin Cash (BCHUSD), Solana (SOLUSD), Synthetix (SNXUSD), Uniswap (UNIUSD), Basic Attention Token (BATUSD), Polkadot (DOTUSD), Tezos (XTZUSD), Cardano (ADAUSD), Binance Coin (BNBUSD), Enjin Coin (ENJUSD), FileCoin (FILUSD), Dogecoin (DOGEUSD), Compound (COMPUSD), Theta (THETAUSD), Aave (AAVEUSD), Chainlink (LINKUSD), IOST (IOSTUSD), PancakeSwap (CAKEUSD), Polygon (MATICUSD), Huobi Token (HTUSD), Decentraland (MANAUSD), Hedera Hashgraph (HBARUSD) ) and 1inch (1INCHUSD).
Visit the official website by EXNESS
Why trade Bitcoin CFDs and not real Bitcoin?
We would like to clarify that all the brokers previously described offer CFD trading on Bitcoin (BTCUSD). Consequently, there is no possibility of actually being able to purchase the cryptocurrency. CFD investments (contract for difference) on cryptocurrencies are financial instruments that literally replicate the value of an underlying asset, in short, the trader will be able to trade and profit on price fluctuations, being able to opt for upward or downward trading.
There are mainly 3 reasons why trading cryptocurrency CFDs is beneficial:
1. Leverage is high
When buying real Bitcoins on the cryptocurrency market, leverage is not allowed.
Differently through CFD trading there is the possibility of being able to take advantage of a high leverage, up to 1: 500. This implies that the trader will not necessarily have to invest huge capital to start investing in Bitcoin, but even $ 100 will be enough to open positions.
2. The cost is lower
CFD trading generally offers low cost trading.
As already described, CryptoAltum offers the possibility to trade Bitcoin with an average trading cost of only $ 1.75, a condition that is more impossible than rare to find among cryptocurrency exchanges.
3. No Crypto needed
When a trader decides to invest his or her funds in cryptocurrency trading with one of the brokers described above, it will not be necessary to have a digital wallet or own cryptocurrencies. It will be enough to open an account and make a deposit to start trading.
You will be able to use various payment methods to be able to make a deposit to your account, including bank transfer, card dcredit / debit cards and even online wallets.
Traders willing to start investing in cryptocurrencies will be able to use the useful cryptocurrency exchange list.