Many popular and reputable online forex brokers now offer cryptocurrency trading. I’m not talking about a cryptocurrency exchange where it can be bought or sold. I am presenting here another option that finances the account with ordinary money (USD, CAD, YEN, EUR, etc.) and then positions (buys or sells) the pairs such as BTCUSD (Bitcoin), ETHUSD (Ethereum) or LTCUSD ( Litecoin), just like on my YouTube channel. There are many benefits to choosing this type of cryptocurrency trading.
One of them is providing a fund. There are no cases where hackers try to steal your wallet or do not want to close another big exchange (such as e-btc) — this is a benefit. If you top up your trading account with a regulated Forex broker, you basically eliminate that risk. Another advantage is the use of (margin trading) usage. A position allows you to increase the size of a position, which increases your profit while applying your trading benefits. Being able to hold short positions is another thing you can do and is not offered on the most popular exchanges. Many also like the fact that you can trade many other popular pairs, such as EURUSD, USDJPY, XAUUSD (gold) and dozens more.
As a forex trader for almost 10 years, I have tried and tested most of the better known brokers, and I have a very good idea of what to look for when choosing a trading venue. The most important things I analyze are trading conditions (spreads, offered levers, availability of server, speed of ordering, etc.), different markets in which I can trade, where the broker is regulated, and financing / withdrawal methods. I also like to have chat support when I have questions. I’ve traded with the same broker in recent years, but you didn’t offer a couple of cryptocurrencies. When I started trading bitcoins, I had to agree with a not so good broker.
They should have seen my big smile when I received an email from a favorite broker announcing that they had just added a lot of cryptocurrencies (even more than any other broker) and saw that the spreads offered were so low! And here I am again trading with the best broker. If you are ready to do the same, just click here to get your account. If you’re in the US, here’s the best option for you (my favorite broker doesn’t accept clients in the US). This is a broker that offers similar trading conditions and Metatrader 4 software, but where you can only top up your account at BTC. Click here to get your account.