19 October 2020
In any investment platform, it is important to be a user of a genuine Forex broker. With cryptocurrency, the market is volatile and a lot needs to be learnt and the user needs to be updated while trading in cryptocurrency. While using the forex broker platform in order to buy bitcoin, it is necessary to have the checkpoint factors such as charges and fees, cryptocurrency offering, exchange-traded offering, future contracts, deposit, withdrawal, leverage, trading platform, security, transparency, regulations, services available in your region, customer support, other derivatives like CFD, and many more. With such fluctuations in the market, it is vigilant to use a trusted broker and risk only what you are willing to lose.
In this blog, we have laid out Top 5 Forex Brokers To Buy BTC In 2020:
eToro is one of the leading and popular social trading platforms facilitating an array of trading and investment tools. It is an Israeli fintech startup which was established in the year 2007 serving approximately 140 countries, also it is regulated by FCA - Financial Conduct Authority (UK), ASIC - Australian Securities and Investment Commission (Australia), CySEC - Cyprus Securities and Exchange CommissionCyprus).
eToro facilitates free stock, zero-commission stock trading, ETF trading, seamless account opening, low trading fees, low CFD fees, CopyPortfolio, copy trading, social trading, low minimum deposit, transactions through credit/debit card, bank transfer, electronic wallets, user-friendly web trading platform, transactions on cryptocurrencies such as - buying, selling and storing, two-step login and many more.
IG is an online trading provider and one of the known CFD providers serving approximately 17,000 global markets while offices across 16 countries and it was established in the UK in 1974. IG International is licensed to conduct investment business and digital asset business by the Bermuda Monetary Authority and regulated by FCA - Financial Conduct Authority (UK), and BaFin - Germany’s Federal Financial Supervisory Authority. It has been listed on the London Stock Exchange and has been an award-winning platform and app.
IG facilitates user-friendly web platform, risk management tools, full suite alerts, platform and charting involving L2 dealer, ProRealTime and MT4, IG Academy consisting of free trading courses and webinars, good deposit and withdrawal options, low fees for Stock index CFDs, no minimum deposits for bank transfers while for other it is a low minimum deposit, transactions through credit/debit card, electronic wallets, Paypal are available, two-step login and many more.
XTB is one of the largest and known stock exchange-listed FX and CFD brokers, facilitating trade over 1500 global markets while offices across 13 countries, and was founded in the year 2002. It is regulated by IFSC - International Financial Services Commission (Belize), KNF - Komisja Nadzoru Finansowego (Poland), FCA - Financial Conduct Authority (UK), and Comisión Nacional del Mercado de Valores (Spain). XTB was also listed on the Warsaw Stock Exchange.
XTB facilitates user-friendly and customizable platform, trader’s calculator, performance statistics, market order depth, charts trading, 24/7 customer support, cashback on trades, low fees on forex and stock index CFD, fast deposit and withdrawal,hassle-free account opening, no minimum deposit, no deposit fee, transaction bank transfer, clear fee report, and many more.
4. City Index
City Index is a global Spread betting, FX and CFD provider with an experience of over 35 years in trading, it was established in the UK in the year 1983 and has over 12,000 global markets working across 130 countries. It is an award-winning platform and service and has been listed on the NASDAQ. It is regulated by the FCA - Financial Conduct Authority (UK).
City Index facilitates real-time insights and analysis that are technical and fundamental, research and trading strategies, multiple charts layouts, security, free deposits and withdrawals, low fees on forex and index CFDs, hasslefree account opening, transactions through credit/debit card, electronic wallets and bank transfer and many more.
It has an event of liquidation, wherein a client could be compensated by the FSCS - Financial Services Compensation Scheme of £85,000.
Robinhood is a pioneer for commission-free investing platform established in the year 2013. Robinhood Financial is a member of FINRA - Financial Industry Regulatory Authority, and SIPC - Securities Investor Protection Corporation. It is regulated by FINRA and SEC - US Security and Exchange Commission.
Robinhood facilitates commission-free trades, buying and selling of cryptocurrencies, portfolio customization, cash management service, transparency, free US stock and ETF trading, hasslefree account opening, no fee on deposit and withdrawal, transactions through bank transfer, user-friendly web platform, two-step login, and many more.
However, only US citizens can open an account with Robinhood.