Are you looking for a reliable broker for Bitcoin CFDs? Here we present you the top 10 Bitcoin CFD brokers! Bitcoin has continuously dominated the cryptocurrency market since its introduction in 2009 by Satoshi Nakamoto. This pioneering digital currency has not only revolutionised the world of finance, but has also had a significant impact on online trading and investing.
If you are reading this article, you are probably considering investing in Bitcoin and looking for reliable trading platforms. Here, we provide you with a clear and comprehensive overview of the steps required for a successful Bitcoin investment.
In our analysis, we highlight the core aspects of Bitcoin and recommend the top 10 brokers for Bitcoin CFD trading. These brokers not only stand out for their outstanding performance in the field of cryptocurrencies, but are also generally recognised as top CFD brokers. All of the brokers we have presented offer attractive trading conditions, such as low spreads and low commissions. They also allow free registration and offer a free demo account for practice.
How Bitcoin trading works
Bitcoin, as the leading cryptocurrency, has some unique features compared to traditional currencies. For one, there is no central institution like a central bank that oversees Bitcoin’s flow or production.
Instead, Bitcoin is based on a peer-to-peer system, a decentralised exchange network that operates without middlemen and is self-governing.
While traditional currencies can lose value as the money supply increases – a phenomenon often referred to as “inflation” – Bitcoin is immune to such decreases in value. This is because the maximum amount of Bitcoins that will ever exist is capped at 21 million.
Another outstanding feature of Bitcoin and other cryptocurrencies is the blockchain technology that powers them. This decentralised record-keeping technology ensures that transactions are secure, transparent and immutable. This makes it extremely difficult, if not impossible, to manipulate or hack, enabling safer and faster trading.
Is Bitcoin legal?
The legal status of Bitcoin and other cryptocurrencies varies around the world and is often subject to constant change. While some countries have completely banned the trading and possession of Bitcoin, other countries have merely restricted the operation of crypto exchanges without criminalising the currency itself.
Countries where Bitcoin is banned:
- Republic of Macedonia
- Saudi Arabia
Countries where crypto exchanges are banned, but Bitcoin as such is not:
In Germany, as well as in many other countries not included in the lists above, trading and owning Bitcoin is legal and permitted.
So if you want to invest in Bitcoin in Germany, the question is: What are the 10 best brokers for trading CFDs on Bitcoin?
In the following sections, we will take a detailed look at the advantages and differences of the leading brokers on the German market.
Top 10 best brokers for trading bitcoin CFDs
The brokers in this list are approved by leading regulatory authorities, which ensures their safety. They all also offer free access to a demo account.
The criteria for ranking the 10 best brokers for trading bitcoin CFDs are:
- Ease of use and performance
- Security and protection of users
- Special offers and tools
- Attractive and competitive spreads and commissions
- Comprehensive training offers for traders
It is important to stress that trading Bitcoin CFDs can bring both high profits and significant losses. Therefore, it is essential to be thoroughly informed and exercise caution.
No. 1: Plus500
Plus500 has an excellent reputation for trading bitcoin CFDs. This broker’s platform offers a user-friendly and comprehensive trading experience that is highly rated by many other brokers.
Plus500 is a dominant force in the CFD broker industry. It is used worldwide and offers trading in almost 2000 CFD-tradable securities in addition to the main currency pairs.
Signing up with Plus500 is free and a minimum deposit of $100 is required to start trading.
Among the various assets offered by Plus500 are numerous cryptocurrencies, including Bitcoin. This broker offers CFDs on indices, stocks, commodities, options, ETFs and, as mentioned earlier, cryptocurrencies.
When trading with Plus500, the maximum leverage is limited to 1:30.
A special highlight of Plus500 is the free, unlimited demo platform. This is ideal for practising and getting to know the numerous functions of the broker as well as trading with bitcoin CFDs.
Plus500 is particularly suitable for beginners. The in-house platforms are intuitively designed and are suitable for traders of all experience levels. However, it is important to note that trading CFDs, including bitcoin CFDs, is high risk and not suitable for every investor. Investors can suffer losses up to their entire account balance, but not beyond, as there is no margin call.
82% of retail investor accounts lose money trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Nr. 2 AvaTrade
AvaTrade is another prominent player in the world of CFD brokerage and has established itself as a reliable platform for trading Bitcoin CFDs. With a strong focus on customer service and education, AvaTrade offers both novice and experienced traders a solid foundation for trading.
AvaTrade has a presence in many countries around the world and offers a variety of trading instruments, including forex, commodities, stock indices and, of course, an impressive selection of cryptocurrency CFDs, including bitcoin.
Signing up with AvaTrade is straightforward and a minimum deposit is required to start trading. The exact amount may vary by region.
One feature that makes AvaTrade stand out is its extensive educational offering. From webinars to e-books to daily market analysis, traders have access to a wealth of resources to enhance their trading skills.
The platform itself is optimised for both desktop and mobile devices, giving traders the flexibility to trade from anywhere. As with most brokers, there is also the option of using a free demo account to familiarise themselves with the platform and test trading strategies.
AvaTrade is known for its transparency, integrity and adherence to strict regulatory standards. When trading CFDs, including bitcoin CFDs, at AvaTrade, investors can suffer losses up to their entire account balance, but not beyond, as there is no margin call.
No. 3: Pepperstone
Pepperstone, an Australian-based broker, was launched in 2010 and has quickly established itself as a reputable forex broker. Although it is less known for trading cryptocurrencies, it still offers an extensive range in this area, which brings it to third place in our ranking.
Some of the outstanding advantages of Pepperstone are the extremely attractive spreads as well as the impressive speed of order execution. It is considered one of the top brokers for ECN trading.
Pepperstone offers a choice of trading accounts that cater to different trading styles:
- Standard account: Ideal for traditional traders
- Razor account: Perfect for automated trading using EA (Expert Advisor).
- Swap-free account
- Active trader account
Among other asset classes, clients can also invest in Bitcoin at Pepperstone. The broker supports the use of automated trading bots and enables algorithmic trading.
Pepperstone positions itself as an ideal broker for traders who focus on algorithmic or automated trading. Depending on the regulatory jurisdiction, traders can benefit from financial leverage of up to 500:1 in ASIC regulated jurisdictions and 30:1 in FCA regulated jurisdictions.
Pepperstone’s demo account is also top-notch – it’s free and offers unlimited access to explore the platform and test trading strategies.
Nr. 4: Admiral Markets
Admiral Markets, a renowned British broker that has been on the market since its founding in 2001, offers a solid platform for trading Bitcoin CFDs. With attractive spreads that start at just 0.5% for Bitcoin and 1% for other cryptocurrencies, Admiral Markets clearly sets itself apart from many competitors.
Admiral’s offering is broad and includes over 30 cryptocurrencies. In addition, customers can also trade forex, energy, commodities, indices, ETFs, stocks and bonds via CFDs.
Opening an account with Admiral Markets is straightforward, with a minimum deposit of $100 required. Leverage varies depending on the trader type: private customers can trade with a leverage of 1:30, while professional traders can benefit from a leverage of up to 1:500.
Another highlight of Admiral Markets is the high-quality demo account, which is available to newcomers and experienced traders alike. In addition, the broker offers extensive training materials that help traders to continuously improve their skills.
Nr. 5: XTB
XTB, originally founded as X-Trade in 2002, has established itself as a reliable forex broker. With the ability to trade over 20 cryptocurrencies, including Bitcoin, XTB offers a wide range of trading options.
In addition to cryptocurrencies, traders can also trade forex, indices, commodities, shares and ETFs at XTB. The broker scores with security, user-friendliness and a wide range of services, which earned it a place among the top brokers in our ranking.
A special feature of XTB is its extensive training offer. Newcomers benefit from detailed learning materials that make it easier for them to start trading. In addition, XTB offers a variety of lectures and webinars. With the demo account, users can familiarise themselves with the platform and put what they have learned into practice.
At XTB, no minimum deposit amount is required to open an account. When trading CFDs at XTB, traders can use a leverage of up to 1:30. This underlines the flexibility and versatility of the broker in CFD trading.
Nr. 6: IG
IG is one of the pioneers in the brokerage sector and was already founded in England in 1974. Since then, the broker has developed into a giant and allows trading in an impressive 16,000 assets, including a variety of cryptocurrencies such as Bitcoin.
In addition to Bitcoin, traders can trade a total of 8 crypto assets at IG, as well as a special index, the “Crypto 10 Index”, which is specifically geared towards cryptocurrencies.
IG’s trading offering goes far beyond cryptocurrencies. With over 10,000 CFD assets, IG offers an impressive range that includes indices, bonds, options, interest rates and Digital 100.
For UK traders, IG also offers Spread Betting, a popular form of trading in the UK and Northern Ireland.
Depending on the asset and regulatory framework, traders at IG can benefit from leverage of up to 1:200.
In terms of trading platforms, IG has expanded its range of offerings in recent years. While it used to be possible to trade exclusively via the ProRealTime platform, the popular MT4 and L2 Dealer platforms are now also available to meet the different needs of traders.
Nr. 7: IC Markets
IC Markets, based in Sydney and founded in 2007, has established itself as one of the world’s leading Forex brokers. As a NDD broker (No Dealing Desk), IC Markets offers the advantage of no conflicts of interest between broker and trader.
In addition to Forex, IC Markets also enables trading in CFDs on cryptocurrencies, including Bitcoin. In total, traders can choose from 19 different crypto assets.
IC Markets is particularly popular with intraday traders who rely on high trading volumes and strategies such as scalping or day trading.
Another feature that sets IC Markets apart from many other brokers is the high maximum leverage of up to 1:500, which offers traders more flexibility but also carries a higher risk.
In terms of efficiency and user experience, IC Markets sets standards, positioning itself as one of the top brokers in the industry.
IC Markets’ trading offering is broad and includes CFDs on indices, stocks, futures, commodities, bonds and, as mentioned earlier, cryptocurrencies. It is this mix of versatility, reliability and performance that makes IC Markets the first choice for many traders.
Nr. 8: Naga
Founded in 2017, Naga Trader sets itself apart from traditional brokers by positioning itself as part of a comprehensive fintech company offering 360° financial services.
Naga Trader is not only a simple broker, but also a competitor of eToro, as it provides a comparable offering in the field of social trading. A special feature of Naga Trader is the possibility to acquire real shares and cryptocurrencies and deposit them as CFDs.
The trading portfolio of Naga Trader is diverse and includes CFDs on foreign exchange, shares, indices, commodities, futures, ETFs and cryptocurrencies. What stands out is that Naga Trader has its own cryptocurrency, the Naga Coin, as well as its own exchange.
Although spreads at Naga Trader tend to be higher than at some of the other brokers on our list, the overall price-performance ratio remains competitive. Another plus point is that there is no minimum deposit required to open a real trading account with Naga Trader, which makes it easier for many traders to get started.
Nr. 9: Axi
Axi, with roots in sunny Australia, has firmly established itself in the world of financial markets since its foundation in 2007. As an efficient and trustworthy CFD broker, it has secured a place among the ranks of top brokers for trading Bitcoin and other assets. Through the seamless integration of the renowned MetaTrader platforms, Axi offers both novice and experienced traders an intuitive yet powerful trading environment.
Axi’s trading offering is impressively diverse. In addition to cryptocurrencies, which are becoming increasingly important in today’s world, Axi allows its clients to trade a variety of other CFDs, including indices, forex and commodities. This diversity allows traders to pursue different trading strategies and optimally diversify their portfolio.
Axi’s friendly attitude towards automated trading strategies deserves special attention. This is particularly evident in its support for techniques such as scalping and hedging. Such strategies are particularly popular with advanced traders who are looking for ways to further optimise their trading activities.
However, what really sets Axi apart from many other brokers is the fact that there is no minimum deposit. This means that traders have the freedom to start with any amount they choose. This makes Axi particularly attractive for newcomers who may be hesitant to invest large sums, but also for experienced traders who appreciate the flexibility. Overall, Axi proves that it understands and serves the needs of beginners as well as professionals.
82,7 % der Konten von Kleinanlegern verlieren Geld bei diesem Broker.
Nr. 10: eToro
Since its founding, eToro has established itself as one of the leading brokers worldwide and today enjoys a prominent position in the broker landscape. As one of the frontrunners in CFD trading, eToro not only offers traditional trading options, but also an impressive selection of over 90 cryptocurrencies.
eToro’s trading offering is designed to provide both novice and experienced traders with a first-class trading experience. In doing so, eToro not only focuses on derivatives such as CFDs, but also allows its users to trade real bitcoins. With an investment of just $10, investors can acquire shares in BTC.
What sets eToro apart, however, is its innovative approach to social trading. This service allows users to copy the strategies of experienced traders and benefit from their knowledge and experience. This collaborative approach to trading clearly sets eToro apart from many other brokers.
Another aspect that makes eToro a preferred broker is the constant effort to optimise the user experience and remain innovative. Whether it is the introduction of new tools, training materials or customer support, eToro places great emphasis on providing its users with an all-round satisfying trading environment.
While we emphasise the key advantages of the various brokers in this guide, we encourage the reader to take a close look at the diverse features and services of each broker. This will help you identify the broker that is not only reputable and trustworthy, but also the best fit for your individual trading goals and requirements.
Therefore, you should read on and delve deeper to find the broker that is perfect for your specific trading needs. A good broker partner can make the difference between a successful and a less successful trading experience. So it’s worth investing the time to do thorough research.
How to Choose the Right Broker for Bitcoin CFD Trading
Choosing a broker should be done after thorough consideration and analysis to avoid wasting time and making potentially unfavourable decisions.
Our tip for you is to set your focus on exploring those features and functions that are of utmost importance to you.
Let’s go through the crucial criteria that should be considered when looking for the ideal broker for Bitcoin investments.
Regulatory framework conditions
The top criterion when choosing a broker should be to ensure security and integrity. If your interest lies in Bitcoin trading, it becomes even more essential to check the broker’s regulatory standards.
Since cryptocurrencies like Bitcoin are not overseen by traditional institutions like banks, it is crucial that you can trust your broker without reservation. In Germany, BaFin is responsible for regulatory supervision. A visit to their official website will tell you whether the broker is licensed in your country of operation.
The trading platform represents the software interface that controls all trading activities and transactions. While brokers provide different platforms, the choice should fall on the one that best suits your trading style.
Many aspects of trading depend directly on the platform, especially the speed with which orders are processed. The MetaTrader platform, for example, enjoys an excellent reputation among many traders for its versatility and ease of use.
Especially the two versions MT4 and MT5
But it cannot be overlooked that more and more CFD brokers are investing in the development of their own trading platforms, which can definitely compete with MetaTrader in terms of quality and user-friendliness. These brokers include, for example, XTB with xStation and eToro with the eToroX Wallet.
It is always advisable to try out different trading platforms yourself. Most brokers offer demo accounts for this purpose, which allow risk-free testing.
Conclusion: Potentials and risks when trading CFDs on Bitcoin
In conclusion, trading CFDs on Bitcoin is one of the most exciting offers from top CFD brokers today.
Many modern investors are fascinated by the opportunities offered by trading CFDs on cryptocurrencies like Bitcoin. It is mainly the intense price movements that make the market so attractive.
A great advantage of trading CFDs on Bitcoin is the possibility to bet on both rising and falling prices. Some brokers also offer special crypto options. Furthermore, CFD trading allows access to the market around the clock, whether via PC or smartphone.
However, as with all investments, there are risks. While the high volatility of bitcoin can offer opportunities for quick profits, it also carries a significant risk of loss, especially with leveraged trading. Therefore, instruments such as stop-loss orders are of great importance.
As Bitcoin and other cryptocurrencies are not regulated by central institutions, investors should act particularly vigilant and informed when trading or investing in CFDs on cryptocurrencies.