The use of cryptocurrencies as a funding method for forex trading revolutionised the industry for many traders when it first emerged. It meant that a trader could conveniently and economically fund their trading account. In this article, we at WR Trading present the top 5 forex brokers that offer options for funding accounts using cryptocurrencies, discussing their key features and benefits.
After careful analysis of key factors, these are the top 5 crypto-accepting brokers that we recommend at WR Trading:
Broker:
Crypto Deposits:
Features:
Account:
BTC, ETH, USDT, USDC, XRP. LTC, LINK, BCH, XLM
- No Minimum Deposit
- Spreads from 0.0 Pips
- 26,000+ Markets
- Leverage up to 1:500
- Low Commission from 2$/1 Lot
- High liquidity and fast execution
- TradingView, MT4/5, cTrader, Invest Account
- New Zealand regulated
BTC, BCH, LTC, ETH (ERC20), USDT (ERC20), XLM, LINK (ERC20), XRP, USDT (TRC20), & more
- 5x regulated broker
- Spreads from 0.0 Pips
- More than 10,000 markets
- Leverage up to 1:500
- Low Commission from 3$/1 Lot
- High liquidity and fast execution
- TradingView, MT4/5, cTrader, IRRES
BTC, ETH, XRP, USDT (ERC20), USDT (TRC20), USDT (OMNI), USDC (ERC20)
- ECN Accounts
- Spreads from 0.0 Pips
- Copy Trading available
- Leverage up to 1:500
- Low Commission from 1.5$/1 Lot
- High liquidity and fast execution
- TradingView, MT4/5, cTrader, Pro Trader
BTC, USDT (TRC20), USDT (ERC20), USDC (ERC20), ETH
- ECN/STP Accounts
- Spreads from 0.0 Pips
- Leverage up to 1:1000
- Low Commission from 3$/1 Lot
- High liquidity and fast execution
- MT4/5 and Pro Trader
BTC, ETH, USDT, USDC
- Raw Spreads from 0.0 Pips
- Leverage up to 1:500
- Low Commission from 3$/1 Lot
- High liquidity and fast execution
- cTrader, MT4, MT5
#1 BlackBull Markets
BlackBull Markets offers a reliable and user-friendly trading platform, complemented by the added convenience of cryptocurrency deposits. Blackbull allows traders to deposit with BTC, ETH, USDT, USDC, and XRP. LTC, LINK, BCH, and XLM. Due to the stability and security provided by the broker in trading, coupled with crypto deposit options, many traders prefer this broker.
One of BlackBull Market’s key features is the variety of account types available for different traders, tailored to their individual needs and preferences. Its Prime account is particularly popular among active traders, given its tight spreads and fast execution speeds. At the same time, BlackBull Markets offers multiple trading platforms that cater to diverse trader preferences, including MT4, MT5, WebTrader, cTrader, TradingView, BlackBull Invest, and BlackBull CopyTrader.
It is regulated by the FSA to provide clients with a safe and regulated trading environment. With cryptocurrency support, extremely competitive pricing, responsive trading platforms, and rigorous regulation, BlackBull Markets has sealed its position as one of the strongest competitors in the forex market today. That is why we rank it in 1st place at WR Trading.
Key Facts About BlackBull Markets:
| Feature | Details |
|---|---|
| Crypto Deposits | BTC, ETH, USDT, USDC, XRP. LTC, LINK, BCH, XLM |
| Trading Platforms | MT4, MT5, WebTrader, cTrader, TradingView, BlackBull Invest, BlackBull CopyTrader |
| Trading Instruments | Forex, Indices, Commodities, Futures, Crypto, and Equities |
| Transaction Methods | Market Execution, Instant execution |
| Maximum Leverage | Up to 1:500 |
| Average Execution Speed | < 30 milliseconds |
| Regulation | FSA |
| Minimum Deposit | $0 |
| Spreads | From 0.0 pips |
| Commission | $6 per lot (Prime account) |
| Withdrawal Methods | Credit/Debit cards, Bank Transfers and eWallets |
| Customer Support | 24/7 live support |
| Additional Features | Copy Trading, MAM/MAM, VPS |
#2 FP Markets
FP Markets is a top-tier broker offering various account types that accept cryptocurrency deposits, all within a robust trading platform. This setup shapes a highly competitive environment for global trading. One account type that stands out is the Raw ECN account. Many traders prefer it because it offers tight spreads, starting as low as 0.0 pips.
FP Markets supports several trading platforms, including MT4, MT5, WebTrader, MT5 Mobile Trader, TradingView, cTrader, and the FP Mobile App, thereby making trading accessible to everyone. FP Markets is regulated by a tier-1 regulatory body, ASIC in Australia and CySEC in Cyprus.
The fact that FP Market’s cryptocurrency trading, competitive pricing, innovative platforms, and substantial regulatory compliance have propelled it to the top of most lists among traders seeking a holistic and dependable broker. At WR Trading, we rank FP Markets in 2nd place for brokers that accept Crypto.
Key Facts About FP Markets:
| Feature | Details |
|---|---|
| Crypto Deposits | BTC, BCH, LTC, ETH (ERC20), USDT (ERC20), XLM, LINK (ERC20), XRP, USDT (TRC20), USDT (BEP20), USDC (ERC20), USDC (TRC20), USDC (BEP20) |
| Trading Platforms | MT4, MT5, WebTrader, MT5 Mobile Trader, TradingView, cTrader, Mobile App |
| Trading Instruments | Forex, Indices, Commodities, Shares, Metals, Bonds, ETFs |
| Transaction Methods | Market Execution |
| Maximum Leverage | 500:1 |
| Average Execution Speed | < 50 milliseconds |
| Regulation | ASIC, CySEC, FSCA, FSA, FSC |
| Minimum Deposit | $100 |
| Spreads | Mitop-tierum Deposit |
| Commission | $3 per lot (Raw account) |
| Withdrawal Methods | Frotypess |
| Customer Support | 24/7 live support |
| Additional Features | Copy Trading, MAM/MAM, VPSi |
#3 Vantage Markets
Vantage Markets offers a wide range of cryptocurrencies that can be deposited, including Bitcoin, Ethereum, and Litecoin. This gives traders the freedom to finance their accounts using any of these digital assets. By combining fast execution speeds with competitive trading conditions, Vantage Markets has established itself as the broker of choice for traders seeking a blend of cryptocurrency convenience and excellent trading features.
Vantage’s Raw ECN account is noteworthy. The account offers very tight spreads with a $3 commission per side, making it quite ideal for scalpers and active traders. It also provides access to multiple trading platforms—a suite of trading platforms catering to different needs and preferences, including MetaTrader 4 and MetaTrader 5.
Vantage Markets is a multi-regulated broker that includes top-tier financial regulatory bodies, such as ASIC, CIMA, SIBL, VFSC, and the FSCA, thus providing a highly secure trading environment. By combining cryptocurrency support, fast execution, competitive pricing, and robust regulation, Vantage Markets emerges as a strong competitor in the forex market.
We at WR Trading rank Vantage Markets in 3rd place for brokers that accept Crypto.
Key Facts About Vantage Markets:
| Features | Details |
|---|---|
| Crypto Deposits | Bitcoin, Ethereum, XRP, USDT (ERC20), USDT (TRC20), USDT (OMNI), USDC (ERC20) |
| Trading Platforms | MT4, MT5, WebTrader, Vantage App, TradingView, ProTrader |
| $3 per lot side (Raw ECN), $2 pseeking a ( PRO ECN) | Tradinwide rangets |
| Transaction Methods | Market execution, instant execution |
| Maximum Leverage | 500:1 |
| Average Execution Speed | 100-250 milliseconds (estimated) |
| Regulation | ASIC, FSCA, CIMA, SIBL, VFSC |
| Minimum Deposit | $50 |
| Spreads | From 0.0 pips |
| Commission | Spositionds |
| Withdrawal Methods | Credit, Debit cards, Bank Transfers, eWallets |
| Customer Support | 24/7 live support |
| Additional Features | Copy Trading, MAM/MAM, VPS |
#4 Moneta Markets
Moneta Markets offers an unparalleled range of cryptocurrency deposit options, including Bitcoin, Ethereum, Ripple, and several other popular cryptocurrencies. This diversification allows traders to use any cryptocurrency that suits their investment and preference style. Moreover, Moneta Markets puts tremendous effort into Forex learning, making it an invaluable platform for those interested in improving trading-related knowledge and skills.
Moneta Markets is recognised for its crypto deposit options, comprehensive educational materials, and competitive trading conditions, including tight spreads and multiple account types that cater to the diverse needs of traders.
Advanced trading tools and features are found within the Prime and Ultra ECN accounts. Moreover, various trading platforms are supported, including MT4, MT5, WebTrader, Moneta App, ProTrader and AppTrader. This provides traders with flexibility regarding how they trade.
Moneta Markets is regulated by the FSCA, which ensures a safe and highly controlled trading environment for its clients. Equipped with crypto support, competitive pricing, advanced trading tools, and educational resources, Moneta Markets has secured a firm position in our hearts.
At WR Trading, we rank Moneta Markets in 4th place among brokers that accept Crypto.
Key Facts About Moneta Markets:
| Feature | Details |
|---|---|
| Crypto Deposits | BTC, USDT (TRC20), USDT (ERC20), USDC (ERC20), ETH |
| Trading Platforms | MT4, WebTrader, MT5, Moneta App, ProTrader, AppTrader |
| Trading Instruments | Forex, Indices, Commodities, ETFs, Bonds |
| Transaction Methods | Market execution, Instant execution |
| Maximum Leverage | 1000: 1 |
| Average Execution Speed | < 50 milliseconds |
| Regulation | FSCA |
| Minimum Deposit | $50 |
| Spreads | 0.0 pips |
| Commission | $3 per lot (Prime ECN account) |
| Withdrawal Methods | Credit or Debit cards, Bank Transfers, eWallets |
| Customer Support | 24/5 live support |
| Additional Features | Copy Trading, MAM/MAM, VPS |
#5 IC Trading
IC Trading features minimal spreads, a trading platform, and accepts cryptocurrency deposits in Bitcoin, Ethereum, and Litecoin. These mouthwatering trading conditions have attracted a great many traders to IC Trading.
Beyond the core trade offerings, IC Trading offers a range of account types (Raw Spread and Standard accounts) that can suit different trading styles and preferences. The broker’s Raw Spread account attracts many scalpers and high-frequency traders who want ultra-tight spreads. IC Trading also offers several trading platforms, including MetaTrader 4, MetaTrader 5, and cTrader, to cater to the diverse trading preferences of its clients.
The broker is regulated by the FSC, which ensures a safe trading environment. Due to its competitive pricing, advanced trading tools, multiple account types, and cryptocurrency deposit options, IC Trading has established a strong reputation in the forex market.
We at WR Trading rank IC Trading in 5th place for brokers that accept Crypto.
Key Facts About IC Trading:
| Feature | Details |
|---|---|
| Crypto Deposits | BTC, ETH, USDT, USDC |
| Trading Platforms | MT4, MT5, and cTrader |
| Trading Instruments | Forex, Indices, Commodities, Stocks, Bonds |
| Transaction Methods | Market Execution |
| Maximum Leverage | Up to 1:1000 |
| Average Execution Speed | < 40 milliseconds |
| Regulation | FSC |
| Minimum Deposit | $200 |
| Spreads | From 0.0 pips (Raw Spread Account), From 0.8 pips (Standard Account) |
| Commission | $3.5 per lot |
| Withdrawal Methods | Credit/Debit Cards, Bank Transfer |
| Customer Support | 24/7 live support |
| Additional Features | Copy Trading, MAM/MAM, VPS |
How to Deposit Cryptos via a Forex Broker:
Depositing cryptocurrency into a Forex brokerage account is mostly a simple process. Although the steps may differ from one broker to another, the overall process remains the same.
Follow these steps:
- Create or Log In to Your Forex Broker Account: If you are not already signed up with the broker of your choice, then open an account with them. Once you have signed up, log in to access your account dashboard.
- Locate the Deposit Section: Head towards the “Deposit” or “Funds” section within your platform. Typically, these options are embedded in the main menu or under your account settings.
- Select Cryptocurrency as Deposit Method: In the deposit method column, proceed to select either “Cryptocurrency” or “Digital Currency.
- Choose the Cryptocurrency: Select the exact cryptocurrency you would like to deposit from the options provided. The popular cryptocurrencies that most forex brokers accept are Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.
- Generate a Deposit Address: The broker generates a unique, single-time cryptocurrency deposit address for you. This address is specific to your account and chosen cryptocurrency.
- Transfer Funds: Send the amount of cryptocurrency you want to transfer from your cryptocurrency wallet to the deposit address provided. Ensure to copy the correct deposit address to avoid delays or loss of funds.
- Confirmation: Your Forex brokerage account will be credited after confirmation of the relevant cryptocurrency transfer on the blockchain network. The time it takes depends on the blockchain confirmations.
How To Withdraw Cryptos From Your Broker:
Withdrawing cryptocurrency from a Forex broker account is similar to depositing it. Below is a general overview:
- Use your login details to log in to your Forex broker account.
- Search for the “Withdrawal” or “Withdraw Funds” area of your account.
- Select the cryptocurrency you wish to withdraw from the given options.
- Specify the amount of cryptocurrency to be withdrawn.
- Please provide the address of the cryptocurrency wallet where you would like to receive the funds. Recheck for accuracy to eliminate errors.
- Complete the request for a withdrawal. The broker will then process your request a nd send it to the wallet address provided.
- If you want to receive your withdrawal in fiat currency, you will need to convert your received cryptocurrency further using a reliable Cryptocurrency exchange.
Withdrawal times may vary depending on the broker’s processing time and the blockchain network’s confirmation speed.
Our Process to Find the Best Forex Broker With Crypto Deposits
At WR Trading, we conducted extensive research and in-depth analysis to bring you the best forex brokers that offer cryptocurrency deposit options. Our criteria in the evaluation include:
- Cryptocurrency Support: We considered the types of cryptocurrencies accepted for deposits or withdrawals.
- Fees: We examined the costs incurred when depositing and withdrawing in cryptocurrency.
- Security and Regulation: We checked the regulatory status of the broker and the measures they have in place to ensure the security of clients’ funds.
- Trading Platform and Conditions: We examined the quality of trading platforms, the range of available trading instruments, and the general trading conditions.
- Customer Support: We evaluated the responsiveness and efficiency of each broker in providing customer assistance.
By carefully examining these factors, we compiled a list of the best forex brokers that offer cryptocurrency deposit options.
Fees & Costs
While most forex brokers do not charge a fee for cryptocurrency deposits, it’s essential to confirm with the broker you will be using. Some of them may charge fees during withdrawal. In addition, the underlying cryptocurrency network may collect transaction fees. Ensure to check the transaction policy of your crypto network.
It’s crucial to consider all these associated fees before depositing funds with a forex broker that accepts cryptocurrency.
Are Account Balances in Crypto Possible?
Few Forex brokers currently accept account balances in cryptocurrencies, but most would allow you to convert your fiat currency balance to cryptocurrency and vice versa. This feature offers added flexibility for traders who prefer to manage their funds in cryptocurrency. In any case, it is essential to always check with your broker first to understand their policy on cryptocurrencies. You can always call or email support to make enquiries.
Conclusion
The use of cryptocurrencies as deposit methods expands the diverse choices available to forex traders. Traders can choose a forex broker that meets their preferences and needs by evaluating factors such as accepted cryptocurrencies, fees, and trading conditions.
Although the ability to hold account balances directly in cryptocurrencies is still limited, the growing acceptance of crypto deposits represents a significant step forward in the convergence of traditional finance and the digital asset space.
Once again, here is our list of the 5 Best Forex Brokers that Accept Crypto / Bitcoin Deposits:
- BlackBull Markets: Reliable Platform with Crypto Deposit Flexibility
- FP Markets: Comprehensive Crypto Support and Tight Spreads
- Vantage Markets: Strong Crypto Deposit Options and Fast Execution
- Moneta Markets: Diverse Crypto Deposit Choices and Educational Resources
- IC Trading: Competitive Spreads and Multiple Crypto Options
Frequently Asked Questions:
Are There Any Fees Associated With Crypto Deposits and Withdrawals?
No, most Forex brokers do not charge any fees for cryptocurrency deposits. However, it’s always best to confirm this with the specific broker you choose.
How Long Does It Typically Take for Cryptocurrency Deposits to Be Processed?
This depends on the type of cryptocurrency used, the blockchain network’s confirmation time, and the internal processing model employed by any broker or platform. It may take a few minutes or even a couple of hours for your deposit to be reflected in your FX broker account.
Is It Safe to Deposit Cryptocurrencies With a Forex Broker?
It depends. Choosing a regulated forex broker with a strong reputation for security is crucial when depositing cryptocurrencies. Reputable brokers implement robust security measures to protect client funds, including encryption, cold storage, and other advanced security protocols. However, as with any online transaction, there is always some inherent risk.
Can I Trade Cryptocurrencies Directly Through My Forex Broker Account?
Yes, in some cases. While some forex brokers offer cryptocurrency trading as CFDs, the ability to trade cryptocurrencies directly using your deposited cryptocurrencies is limited.
What Are the Advantages of Using Cryptocurrency to Fund a Forex Trading Account?
It is faster, has lower transaction fees, offers greater anonymity, and provides easy accessibility. Also, some digital currencies are more stable than fiat currencies. Using them means that the value of your deposit or withdrawal is preserved even when fiat currencies appreciate or depreciate.
Can I Withdraw My Profits in Cryptocurrency?
It depends on the broker. Some brokers may offer options for withdrawing profits in cryptocurrency, while others require withdrawals to be made in fiat currency. If your chosen broker allows this, ensure you check the digital currency options offered.
Are There Any Tax Implications Associated With Using Cryptocurrency for Forex Trading?
Yes. Tax implications related to the use of cryptocurrency in forex trading vary by jurisdiction. Of course, you need to seek advice from a professional tax advisor who will outline what specific tax rules and regulations apply in your particular case.
See some other useful payment methods of brokers:
