The use of cryptocurrencies as a funding method for forex trading changed the game for many traders when it first began. It meant that a trader could fund their trading account conveniently and economically. In this article, we at WR Trading bring you the top 5 forex brokers with options for funding accounts through 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 ultimate convenience of deposits in cryptocurrency. Blackbull allows traders to deposit with BTC, ETH, USDT, USDC, XRP. LTC, LINK, BCH, and XLM. Due to the stability and security provided by the broker in trading, coupled with crypto deposit options, too many traders prefer this broker.
One of BlackBull Market’s features is the multiple account types offered for different traders based on 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 provides multiple trading platforms that are compatible with diverse trader preferences; these include 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 broker with various account offerings that accept cryptocurrency deposits, all within a robust 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 has tight spreads from as low as 0.0 pips.
FP Markets support several trading platforms like MT4, MT5, WebTrader, MT5 Mobile Trader, TradingView, cTrader, and FP Mobile App, thereby making trading accessible for everybody. 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 strong regulatory compliance have catapulted it to the top of most lists among traders searching for a holistic and dependable broker. At WR Trading, we rank FP Markets 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 | From 0.0 pips |
| Commission | $3 per lot (Raw account) |
| Withdrawal Methods | Credit and Debit Cards, Bank Transfers, eWallets |
| Customer Support | 24/7 live support |
| Additional Features | Copy Trading, MAM/MAM, VPSi |
#3 Vantage Markets
Vantage Markets offers a good number of cryptocurrencies one can deposit with, 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 secured its spot as the broker for traders wanting the blend of cryptocurrency convenience and excellent trading features.
Vantage’s Raw ECN account is noteworthy. The account offers very tight spreads with a $3 per side commission, making it quite ideal for scalpers and active traders. It also offers 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 secured 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 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 |
| Trading Instruments | Forex, Indices, Commodities, Shares, ETFs |
| 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 | $3 per lot side (Raw ECN), $2 per lot side ( PRO ECN) |
| 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 boasts of an exceptionally unparalleled variety of cryptocurrency deposit options, which include Bitcoin, Ethereum, Ripple, and a few more. 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 known for its crypto deposit options, rich educational materials, and competitive trading conditions like tight spreads and multiple account types that accommodate the diverse needs of traders available.
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 flexibility regarding how they trade.
Moneta Markets is regulated by 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 been able to secure a firm position in our hearts.
At WR Trading, we rank Moneta Markets 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 strong trading platform, and the acceptance of 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 provides several trading platforms, including MetaTrader 4, MetaTrader 5, and cTrader for compatibility with diverse trader preferences.
The broker is regulated by the FSC, which ensures a safe trading environment. Due to its competitive pricing, advanced trading tools, multiple types of accounts, and cryptocurrency deposit options, IC Trading has been able to establish a strong reputation in the forex market.
We at WR Trading rank IC Trading 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 steps may differ from one broker to another, overall, the 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: Choose 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 peculiar, 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 right 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 log-in details to log on 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.
- Provide the address of the cryptocurrency wallet where you want to receive the funds. Recheck for accuracy to eliminate errors.
- complete the request for a withdrawal. The broker will then process your request and send it to the wallet address provided.
- If you want to get your withdrawal in fiat currency, you will have to further convert your received cryptocurrency with a reliable Crypto 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 and Charges: We looked at the fees levied 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 looked into the quality of trading platforms, available trading instruments, and general trading conditions.
- Customer Support: We tested how responsive and efficient each broker is when providing help to its customers.
By carefully examining these factors, we were able to compile 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 important 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 provides added flexibility in cases where a trader prefers to deal with his funds in cryptocurrency. In any case, It is essential to always check with your broker first to understand their cryptocurrency policy. 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 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 type of fee 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, blockchain network confirmation time, and the internal processing model followed by any broker or platform. It could take a few minutes or even a couple of hours before your deposit gets 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 methods. 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 less transaction fees, offers more anonymity, and has 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 give options for the withdrawal of profit in cryptocurrency, while others require one to withdraw in fiat currency. In the case that your chosen broker allows this, ensure to check the offered digital currency options.
Are There Any Tax Implications Associated With Using Cryptocurrency for Forex Trading?
Yes. Tax implications with respect to the use of cryptocurrency within forex trading are subject to 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:
