Which is the best CFD broker to trade Bitcoin (BTCUSD) with the lowest commission?
Comparison of Bitcoin CFD Trading Brokers with the Lowest Cost (Spread, Fee, and Swap Points).
Trade Bitcoin (BTCUSD) with the Lowest Fee and Commission
Are you searching for a CFD broker that allows you to trade Bitcoin (BTCUSD) at the lowest possible cost?
We have done the research for you and have compiled a list of major CFD brokers offering the most favorable Bitcoin trading conditions.
Refer to the table below for a comparison of the leading CFD brokers.
|Crypto Brokers||Bitcoin Spread||Max Leverage||Swap Costs||Trading Session|
|XM||From $39 (No Commission)||1:250||None||24/7|
|EXNESS||From $58.2 (No Commission)||1:400 (Limited to 1:200 on weekends)||None||24/7|
|AltumBrokers||From $1.75 (No Commission)||1:500||Charged||24/7|
|FBS||$30 (No Commission)||1:5||Charged||24/7|
|FXPro||$50 (No Commission)||1:2||Charged||24/7|
|Capital.com||$99 (No Commission)||1:2||Charged||24/7|
|IC Markets||$9 (No Commission)||1:200||Charged||24/7|
|Axi||$40 (No Commission)||1:100||Charged||24/7|
|eToro||$200 (No Commission)||1:2||Charged||24/7|
1. AltumBrokers for Scalping and Day Traders
For scalping traders (or day traders) of Bitcoin (BTCUSD), AltumBrokers can offer you an optimal solution.
In terms of the BTCUSD spread, AltumBrokers offers the lowest in the industry, which is only about $1.75 USD per lot.
AltumBrokers’ spread is stable most of the time, allowing you to perform scalping on BTCUSD without any issues.
The leverage AltumBrokers offers is among the highest in the market.
With 1:500, you can manage a small fund to trade larger positions, which is particularly beneficial for traders employing a scalping strategy.
2. Exness and XM for Swing Traders
For traders who want to hold BTCUSD positions for the long term, Exness and XM are recommended.
Exness particularly focuses on cryptocurrencies with high yield (for staking) and offers various major and minor cryptocurrencies with swap-free conditions.
Exness does not impose time limits on how long you can hold positions, so you can keep cryptocurrency positions open as long as you want.
Exness’s 1:400 high leverage also supports you in maintaining your open positions.
XM had ceased offering cryptocurrencies last year but resumed their offering in 2023.
Now, XM is also offering numerous cryptocurrency pairs with swap-free conditions.
The leverage is relatively high at 1:250, which will help you maintain your positions for longer periods.
Why trade BTCUSD instead of Bitcoin?
Some of you may be wondering why traders opt to trade Bitcoin CFDs (BTCUSD) instead of actual Bitcoin.
There are several advantages to trading Bitcoin as CFDs:
- High Leverage
- Like Exness with 1:400 leverage and AltumBrokers with 1:500 leverage, Bitcoin CFD trading allows you to utilize high leverage.
In contrast, you cannot use leverage when buying actual Bitcoin.
- No need for a digital wallet
- When trading Bitcoin CFDs with these CFD brokers, you don’t have to own cryptocurrencies or a digital wallet. You just need to open a Forex and CFD trading account and deposit fiat currencies like USD and EUR, then you can start trading.
- Low Cost
- Bitcoin CFD trading enables you to exchange currencies at the lowest cost. When buying and selling frequently, you can save a significant amount of money by choosing Bitcoin CFD as your trading product.
There are many CFD brokers that offer cryptocurrency trading with attractive conditions.
For the CFD brokers which offer BTCUSD with the lowest fees and commissions, refer to the list above.
If you are curious about other CFD brokers that offer cryptocurrency CFD trading, visit the page below.