Forex Brokers Accepting Crypto

Written by Naylyan Nazifova
Naylyan Nazifova is a recognised expert in the online trading field. She has many publications and analysis covering forex trading, stock investing and personal finance. 
, | Updated: May 14, 2024

Below, you can find our top list of reputable forex brokers that give their users the opportunity to deposit via cryptocurrencies.

1Fusion Markets
Rating: 4.6 ⭐
74-89% of retail CFD accounts lose money
2Pepperstone
Rating: 4.5 ⭐
75.5% of retail investor accounts lose money
3Global Prime
Rating: 4.1 ⭐
74-89% of retail CFD accounts lose money
4Tickmill
Rating: 3.4 ⭐
70% of retail investor accounts lose money
5FP Markets
Rating: 4.8 ⭐
73.85% of retail CFD accounts lose money
6Eightcap
Rating: 4.3 ⭐
76.09% of retail investor accounts lose money
7OctaFX
Rating: ⭐
8HFM
Rating: ⭐
9FXCM
Rating: 4.2 ⭐
70% of retail investor accounts lose money
10InstaForex
Rating: ⭐

Top 10 Brokers Accepting Cryptocurrencies

  1. Fusion Markets offers its services to clients the world over, and its range of financial instruments can certainly accommodate for the preferences of practically any trader. The trading of forex, metals, shares, and more is facilitated by Fusion Markets, and the broker has also put an emphasis on variety when it comes to payment methods: bank cards, digital wallets, cryptocurrencies, and bank wire transfers being accepted. Do keep in mind whether or not you will be able to top up your Fusion Markets account via crypto is dependent on where you reside, since in some jurisdictions, the option is not available.

    Gleneagle Asset Management Limited (ABN 29 103 162 278) trading as Fusion Markets, is the issuer of the Fusion Markets Products described in this communication. Trading in Fusion Markets Products involves the potential for profit as well as the risk of loss which may vastly exceed the amount of your initial deposit and is not suitable for all investors. You should read all of these Financial Product Service Terms, the Product Disclosure Statement (PDS) and the Financial Services Guide (available on our website) carefully, consider your own financial situation, needs and objectives for investing in these Fusion Markets Products and obtain independent financial advice.
  2. Pepperstone is a long-established name in the forex sphere. This broker was founded in 2010 and now boasts spreads that are considered quite competitive in the forex market. The minimum spread for EUR/USD, for instance, starts at 1.00 pip, and the same applies to pairs like AUD/USD and GBP/USD. The aforementioned spreads apply to standard accounts, while clients with a Razor account can enjoy spreads as low as 0 pips.

    If the above has you considering giving Pepperstone a try, you can rest assured that funding your account will not be a long or difficult process. The broker accepts Mastercard, Paypal, and other deposit solutions, including the cryptocurrency USDT.

    CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.5% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
  3. Global Prime is a popular broker with an impressive Trustpilot score of 4.3 and a plethora of markets. Whether you prefer trading forex, indices, commodities, or other financial instruments, Global Prime delivers. The broker’s wallet section is rich in terms of variety, offering clients the option to deposit via Visa, Mastercard, digital wallets, online banking, and crypto. Global Prime’s customer support is available around the clock, seven days a week, which ensures that clients can seek help whenever necessary.

    Global Prime is a trading name of FMGP Trading Group Pty Ltd (ABN 74 146 086 017) and is regulated by ASIC and licensed to carry on a financial services business in Australia under Australian Financial Services License No. 385620. Gleneagle Securities Pty Limited trading as Global Prime FX, is a registered Vanuatu company (Company Number 40256) and is regulated by the VFSC. The website is owned and operated by FMGP Trading Group Pty Ltd, ABN 74 146 086 017.
  4. Tickmill is a Seychelles-based broker that was established around a decade ago, and it accepts clients from various jurisdictions across the globe. Aspiring traders and veterans alike will find it easy to register, and deposits are simple to execute as well, given how bank transfers, digital wallets, and crypto payments are among the accepted payment solutions.

    The platforms that one can pick from at Tickmill are several, with the selection comprising both popular versions of the MetaTrader software (MT4 and MT5) as well as CQG. Of course, this also means that Tickmill is not exclusive to desktop traders, and is, instead, suitable for forex enthusiasts on the go as well.

    CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with Tickmill Europe Ltd. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
  5. If you are looking for a reliable broker that offers various financial solutions, FP Markets will prove to be suitable. Both major and minor currency pairs are available, and the same goes for shares, indices, metals, crypto, and ETFs.

    Bank cards, bank transfers, and digital wallets are what users can pick from in terms of fiat-based deposit solutions. As for cryptocurrencies, FP Markets allows clients to top up their balance via the LetKnowPay solution so long as they reside in a jurisdiction that permits crypto deposits when it comes to trading. This means that currencies like Bitcoin, Ethereum, Tether, and others are suitable for FP Markets users who are looking to deposit into their accounts.

    Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.23% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
  6. Eightcap is regulated by CySEC, ASIC, and the UK’s FCA, three of the most trusted financial regulators the world over, as well as the reputable SCB. MetaTrader 4 is one of three excellent platforms that clients can utilize, and the financial instruments available include forex, commodities, and shares, among others. Cryptocurrencies like Bitcoin and Tether are among Eightcap’s deposit solutions, and crypto payments are supported in many countries. The broker has specified that they are not available in Australia, Italy, and Taiwan, to name a few.

    CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.09% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
  7. Established in 2011, OctaFX has much to offer to forex aficionados. Currency pairs, stocks, and indices are among the markets available, and the platforms traders can utilize include MT4 and 5, as well as the broker’s in-house developed platform, named OctaTrader. The deposit methods include fiat-based financial solutions such as digital wallets and bank transfers, along with cryptocurrencies such as Bitcoin, Dogecoin, Litecoin, Tether, and Ethereum.

  8. 8. HFM

    Licensed to operate in various jurisdictions, HFM is a broker that opened its virtual doors in 2010. Clients can choose between English, German, Greek, and more. With an impressive number of financial instruments, HFM’s proprietary software and other suitable platforms, as well as deposit and withdrawal solutions that encompass both fiat-based and crypto financial methods, HFM can cater to many traders. While its platforms are suitable for beginners, it is important to stress that HFM does allow users to start out with a demo account, and a plethora of educational materials are available on HFM’s website. Traders may also choose to attend live webinars.

  9. 9. FXCM

    Once a forex trader has successfully created their FXCM account and undergone the verification procedure, they are ready to top up their balance via their preferred deposit solution. As bank cards, bank wire transfers, Google Pay, digital wallets, and cryptocurrencies are available, there is a financial solution for everyone.

    FXCM’s spreads for major pairs tend to be below 2 pips for standard users, and the broker is known for its excellent customer support. If you ever find yourself in need of assistance as an FXCM user, you can get in touch with a representative of the support team via live chat, email, WhatsApp, or phone.

    CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. 
  10. InstaForex is a broker that accommodates clients who prefer to trade on their smartphones and computers alike. As for the particular instruments available, the broker’s selection includes currency pairs, commodities, and cryptocurrencies, to name a few.

    In terms of fiat-based payment methods, users can pick between bank cards, digital wallets, and wire transfers. If you prefer to manage your finances via crypto, however, you can go with Bitcoin, Litecoin, or Tether.

How to deposit with crypto?

Most brokers have made sure that the deposit process is as hassle-free and secure as possible. The first step will be to register at your broker of choice and undergo the verification process as required. Next, you will need to set up a live account and, once done, navigate to the deposit page. Then, choose your preferred crypto payment method, and typically, your broker will first generate a wallet address for you. What follows is using your own crypto wallet to deposit the funds, and with that, you are good to go.

We should stress, however, that certain brokers have opted to not accept cryptocurrency deposits in all jurisdictions. This means that even if you create an account with a broker whose international-facing operations support crypto deposits internationally, the option might not be available to you, depending on where you reside.

Is KYC required to deposit by crypto?

All regulated brokers have made it a requirement for their clients to complete a Know Your Customer (KYC) process. In other words, you will need to provide the broker with your personal information as well as a range of documents that will allow the broker to confirm your details. This is all as mandated by each broker’s respective regulator, and brokers that do not comply run the risk of losing their licenses if found out. As for why KYC measures are a requirement, regulators strive to prevent money laundering and the financing of terrorism.

How to withdraw using crypto?

The process of cashing out your money via crypto will be familiar if you were successful at topping up your balance via the same method. Firstly, pay a visit to the withdrawal page and choose the crypto payment solution you utilized when making a deposit. Next, provide your wallet address. Finally, confirm the transaction and your funds should be transferred swiftly.

How long do deposits and withdrawals take with crypto?

One of the biggest advantages of using crypto technology for online deposits and cashouts is the speed of transactions. Topping up one’s account via your cryptocurrency of choice will usually be instant, but if not, you are unlikely to wait for more than several hours. The speed is generally dependent on your network fee and the traffic.

Are there any fees associated with depositing and cashing out via crypto?

The vast majority of brokers do not attach any fees to crypto deposits, so this is not something you will need to worry about. Of course, cryptocurrency transactions themselves come with network fees that you can customize depending on how long you wish the transaction to take, so do keep that in mind.

When it comes to cashouts, this can vary a bit more depending on the broker. In general, however, brokers opt to not charge their clients for cashouts. As was the case with deposits, cashout transfers will also be subject to network fees.

Most Popular Cryptocurrencies

The world of cryptocurrencies has been ever-expanding since the blockchain’s inauguration, but there is no denying that some currencies have emerged as staples. The very first cryptocurrency, Bitcoin, remains the most popular option to this day, but currencies like USDT and Ethereum are among the examples that are also utilized by many a crypto enthusiast. This also influences their availability as deposit solutions, seeing as brokers are far more likely to support transactions via Bitcoin, for instance, versus more niche options.