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Best Bitcoin CFD Brokers, Reviewed for 2019

bitcoin brokers

In this guide, you will discover the best bitcoin brokers that you can use to trade CFDs on bitcoin and other digital currencies in 2019.

What is a Bitcoin CFD?

bitcoin cfd brokersA CFD (contract for difference) is a financial derivative that allows you to trade an asset without owning the underlying asset. Moreover, CFD brokers enable small investors who do not have a large amount of capital to trade assets such as stocks, bonds, commodities, and indices using leverage, which means investors can make (and lose) a multiple of what they are putting down on a trade.

When bitcoin went mainstream in 2017, more and more CFD brokers also started to offer bitcoin and other digital currencies as assets to enable their customers to bet on the price developments of cryptocurrencies without having to go through the process of buying and storing cryptoassets themselves.

Bitcoin CFD brokers, therefore, provide an excellent service to traders who are already comfortable with trading stocks and forex but are still hesitant about trading bitcoin on cryptocurrency exchanges directly.

Best Bitcoin CFD Brokers

eToro

eToro LogoeToro is a leading CFD and social trading platform that CFD trading for stocks, currencies, indices and cryptocurrencies. eToro was founded in 2007 and claims to have over six million users from over 140 countries.

Using CFDs, you can invest in cryptocurrencies such as bitcoin (BTC), ether (ETH), bitcoin cash (BCH) and more. The minimum deposit required to fund an account is $200 with the site placing a minimum withdrawal balance for crypto withdrawals. Furthermore, there are fees charged for crypto withdrawals.

eToro features:

  • FCA & Cysec regulated
  • Minimum spread of 0.75 percent of the bitcoin market price
  • Lacks MT4 integration
  • 6,000,000+ active clients

Plus 500

Plus500Plus 500 is an online CFD broker dealing in stocks, commodities, indices, options, ETFs and FX. Plus 500 was launched in 2008 and by 2014 the company was valued at $1bn in the AIM section of the London Stock Exchange. In addition, the company has over 300,000 active customers with over 39 million positions opened to date.

Plus 500 also provides bitcoin CFDs and supports twelve cryptocurrencies in total. You can trade digital currencies with as little as $200 and leverage up to 1:30.

Plus 500 features:

  • ASIC regulated
  • Competitive spreads
  • Lacks MT4 integration
  • 300,000+ active clients

AvaTrade

AvatradeAvaTrade is a leading FX and CFD trading platform offering multiple asset classes including indices, commodities, ETFs, cryptocurrencies, and more. The Dublin-based company boats 200,000 registered customers and boasts over $60 billion in monthly trading volumes.

AvaTrade supports the trading of cryptocurrencies like bitcoin, ether, bitcoin gold, ripple, litecoin, EOS, and bitcoin cash. You can start trading via bitcoin CFDs with a $100 deposit and get leverage of up to 20:1. The site imposes maximum position limits on crypto trades, which are subject to change based on volatility. You can also trade on-the-go using the AvaTrade mobile app.

AvaTrade features:

  • FCA, ASIC, FSP, IIROC, & FSA regulated
  • Competitive crypto spreads
  • MT4 integration
  • 200,000 active clients

IG

IGIG is an UK-based retail FX and CFD provider with operations in over 14 countries. Founded in 1974, IG offers around 16,000 markets for spread betting, CFDs, stocks, forex, and prime brokerage services. The award-winning platform has over 195,000 active clients.

Moreover, IG also acts as a bitcoin CFD broker and supports several altcoins including XRP, BCH, XMR, and DASH.

No minimum balance is required to open an account. However, to trade bitcoin CFDs, you will need to put up 12.5 percent of the total value of your position as a deposit. In addition, you need to have enough in your account to cover the running expenses.

IG features:

  • FCA & ASIC regulated
  • Minimum spread of 30 points for bitcoin
  • MT4 integration
  • 195,000+ active clients

CMC Markets

best bitcoin brokersCMC Markets is one of the leading CFD, spreads betting and bitcoin CFD brokers in the market. CMC was founded in 1989, is listed on the London Stock Exchange and has over 9,500 spread betting and CFD instruments to trade across indices, FX, commodities, stocks, ETFs treasuries, and cryptocurrencies.

You can invest in a number of digital assets via CFDs and alternate between fixed and variable spread. No minimum deposit is required to open an account on the platform. You can trade on the go using the CMC mobile app on Android and iOS.

CMC Markets features:

  • FCA regulated
  • 60 points bitcoin spread (variable spreads)
  • MT4 integration
  • 85,000+ active clients

XTB

XTBXTB is a leading FX and CFD online broker with offices in 13 countries including the UK, Poland, Turkey, France and Germany. Founded in 2002, XTB offers over 1,500 CFD markets in forex, indices, commodities, ETFs, shares, and, since recently, cryptocurrencies. The platform boats a customer base of over 21,000 active clients.

XTB supports CFD trading in many digital assets including bitcoin (BTC), ether (ETH), bitcoin cash (BCH), ripple (XRP) and more. The platform offers one of the widest ranges of cryptocurrency trading pairs. In addition, the minimum deposit required to fund your CFD account is $250 and you can leverage up to 30:1.

XBT features:

  • FCA regulated
  • Minimum spread of 1 percent of the bitcoin market price (Variable spreads)
  • MT4 integration
  • 21,000+ active clients

FXCM

FXCMFXCM is a leading provider of FX and CFD trading and supports cryptocurrency trading, indices, commodities and spread betting. Founded in 1999, FXCM is based in London with global offices in Sydney, Berlin, HongKong, South Africa, and more. The company is part of Leucadia.

The company offers three CFDs on digital currencies. The bitcoin CFD allows you to trade a BTC/USD pair, the Ethereum CFD an ETH/USD and likewise for litecoin. You can place trades in fractions of an actual coin and leverage your position up to 2:1.

FXCM features:

  • FCA regulated
  • Variable crypto spreads
  • MT4 integration

If you want to buy bitcoin directly, check out our guides to the best bitcoin trading platforms and the best bitcoin trading apps.