Best Forex crypto brokers
Membre depuis Mar 12, 2018
posts 40
Jun 27, 2018 at 10:16
Would you like to recommend any reliable Crypto Forex broker?
Membre depuis Apr 09, 2018
posts 12
Jun 27, 2018 at 12:39
Do you want to buy actual crypto currency or trade cfds of crypto?
Membre depuis Mar 26, 2018
posts 31
Jun 27, 2018 at 13:34
Hi Maria_Taylor
May I know from which country you belong to. So after your answer, I will suggest you a reliable and trustable broker
Have a Great Day
Thanks
May I know from which country you belong to. So after your answer, I will suggest you a reliable and trustable broker
Have a Great Day
Thanks
Membre depuis Aug 27, 2017
posts 994
Jun 28, 2018 at 08:30
Chachingggg posted:
Do you want to buy actual crypto currency or trade cfds of crypto?
Good point, I see many traders have this tendency; they are interested to buy only crypto’s.
Membre depuis Mar 12, 2018
posts 40
Jun 28, 2018 at 10:50
JamesAnderson posted:I am from USA.
Hi Maria_Taylor
May I know from which country you belong to. So after your answer, I will suggest you a reliable and trustable broker
Have a Great Day
Thanks
Thanks in advance
Membre depuis Mar 12, 2018
posts 40
Jun 28, 2018 at 10:50
Chachingggg posted:I prefer trading CFDs.
Do you want to buy actual crypto currency or trade cfds of crypto?
Membre depuis Aug 27, 2017
posts 994
Jul 01, 2018 at 06:10
Dandelion posted:
I prefer CFD as you can profit when the price falls as well. BTC fell thousands and I made profit on the way down
Wow, that’s really great! I see, a number of traders are buying BTC now to expect high price as like the last year.
Jul 05, 2018 at 10:31
Each the trader has a choice of the broker to be used , should the trader can choose a broker that is more appropriate to the concept of trading that will be used , if you love scalping should choose the broker that allows trading concept as this. from all trading strategies scalping is more profitable , but in spite of a profitable trading policy scalping cannot use in a regulated trading broker due to many restrictions.
Membre depuis Aug 27, 2017
posts 994
Jul 19, 2018 at 08:01
Mohammadi posted:
Each the trader has a choice of the broker to be used , should the trader can choose a broker that is more appropriate to the concept of trading that will be used , if you love scalping should choose the broker that allows trading concept as this. from all trading strategies scalping is more profitable , but in spite of a profitable trading policy scalping cannot use in a regulated trading broker due to many restrictions.
Yes, I see there have few brokers who are not accepting scalping trading strategy! By the way, before selecting any Forex broker; we have to read their terms & conditions so keenly.
May 22, 2019 at 12:32
From my experience no matter what other people say or trying to promote some really bad brokers I would say that this is really eToro, I remember promoting them in CPA networks and getting really really good profit, so they are converting for registrations and something else.
Membre depuis May 22, 2019
posts 11
May 22, 2019 at 14:15
Are eToro any good as a broker though or is it all about pump and dump?
May 29, 2019 at 13:44
Alexsajed posted:
Best Forex Brokers for Crypto Trading
eToro 5 Stars.
Swissquote 5 Stars.
IG 4.5 Stars.
Dukascopy Bank 4.5 Stars.
ThinkMarkets 4.5 Stars.
XTB 4 Stars.
FXOpen 4 Stars.
Where did you get this rating info? I’m very much curious to know!
Membre depuis Dec 18, 2018
posts 8
May 30, 2019 at 05:58
eToro really? I thought they are just jokers praying on the newbie trader
Membre depuis Jul 18, 2011
posts 10
Sep 11, 2019 at 21:31
In addition to all the usual parameters of evaluation of a 'regular' broker, I would you suggest you look in particular at the (1) cfd spread of BtcUsd, the (2) leverage for Cryptos, and (3) Swap rates
(1) Regarding spread (crypto cfd's):
If you do not see the spread (bid/ask) listed on their website, as it is the case most often, call an agent and ask it real time and write it down somewhere (ask&buy prices that is). Then call another broker and be amazed to see that the other one is half (or double) of the previous one.
(2) Regarding leverage:
Even if a 1:1 leverage is plenty already to blow your account, you should look for a broker that has higher leverage in case you trade other instruments like forex. Why? Since a crypto trade account is often a separate account from the others, you do not want to 'park' too much of your total account size there. Put enough into that crypto account to trade it, and keep the rest in a 'regular' trading activity account like forex.
(3) Swap rates:
Unlike a forex pair such as EurUsd that have you pay or receive Swap amounts depending if you are long/short, Cryptos don't pay interest and the brokers take good advantage to arbitrary decide on some hefty swap rates if you hold the crypto trade a few days. Ask them what are the Swap rates, very few customers do!!
The fact is that most crypto brokers simply tell you which crypto pairs they offer and the leverage so that they can get customers excited. Other quantitative information that really works in disadvantage of the customer is seldom displayed on the website. Have a full picture before opening a new account. Good luck.
(1) Regarding spread (crypto cfd's):
If you do not see the spread (bid/ask) listed on their website, as it is the case most often, call an agent and ask it real time and write it down somewhere (ask&buy prices that is). Then call another broker and be amazed to see that the other one is half (or double) of the previous one.
(2) Regarding leverage:
Even if a 1:1 leverage is plenty already to blow your account, you should look for a broker that has higher leverage in case you trade other instruments like forex. Why? Since a crypto trade account is often a separate account from the others, you do not want to 'park' too much of your total account size there. Put enough into that crypto account to trade it, and keep the rest in a 'regular' trading activity account like forex.
(3) Swap rates:
Unlike a forex pair such as EurUsd that have you pay or receive Swap amounts depending if you are long/short, Cryptos don't pay interest and the brokers take good advantage to arbitrary decide on some hefty swap rates if you hold the crypto trade a few days. Ask them what are the Swap rates, very few customers do!!
The fact is that most crypto brokers simply tell you which crypto pairs they offer and the leverage so that they can get customers excited. Other quantitative information that really works in disadvantage of the customer is seldom displayed on the website. Have a full picture before opening a new account. Good luck.
Sep 12, 2019 at 17:11
Care to share what exactly do you really mean by this ? Cause it's somewhat out of my mind anyway. I do understand what is crypto broker and what is forex broker and maybe something else. But you want them all combined or how ? Do let me know.
Membre depuis Jul 18, 2011
posts 10
Sep 12, 2019 at 20:50
Most brokers method is fairly simple in that you open an 'money' account with a deposit (wire-transfer, credit card, etc). You can then see your amount in your user profile page. At this point no MT4 accounts are open yet (using MT4 platform as a current example.) From your user profile page you then chose to open on single 'trading' account on MT4 for Forex and CFD for example. Additionally, you may chose to open a MT4 account for crypto currencies only. You can do both, one or the other. With your newly created account(s) you then make an internal transfer to that trading account(s) that you have selected to use in the markets. So the accounts, per say, are not combined. It is simply that you can make internal transfer from your Forex account into your broker cash wallet and then to the Crypto account, or in another pattern that suits you. Other brokers will operate differently for sure, I am just using examples that I know. I hope that clarifies.
