Bitcoin market is volatile and unlike the traditional Forex market, the liquidity, volatility and the trading cost are greatly different depending on the broker/exchange you choose.
While you may see a number of brokers promoting their zero-cost Bitcoin trading, it is impossible to trade Bitcoin with no cost but there are always certain costs involved such as spread cost, overnight fees, commissions, and other hidden costs like slippage.
This article has lined up the most popular CFD brokers to trade Bitcoin with the lowest costs.
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 |
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 above CFD brokers offer traders the best possible conditions for Bitcoin trading.
Now the best choice for you depends on the strategy you are into.
XM and Exness for Long-Term Traders
If you intend to hold positions for a long-term like weeks and months, you are recommended to trade with brokers that do not charge any overnight fees.
Currently, there are 2 CFD brokers that offer swap-free Cryptocurrency trading regardless trader’s nationality.
XM and EXNESS offer you a number of Cryptocurrency pairs with no swap points at all.
Now the available Cryptocurrency pairs on Exness and XM are different.
You may choose one which offers the Cryptocurrency pairs that you want to trade.
In terms of the Bitcoin (BTCUSD), you can trade with higher leverage on Exness but the spread cost is a little higher than XM’s BTCUSD.
Do you want to trade Cryptocurrency pairs with no overnight fees? Then open an account with XM or EXNESS today.
(Forex Broker)
Comment by Diletta
March 26, 2024
Awesome bonuses, good leverage. A few hiccups, but support rocks!