When you trade Bitcoin, there are various types of costs involved that you need to be aware of.
The possibly involved costs to Bitcoin trading are:
- Spread (difference between buy and sell prices);
- Commission that is charged according to the volume;
- Swap points that is normally minus for overnight positions;
- Hidden fees if there is any.
For traders who are passionate about trading Bitcoin, especially BTCUSD (Bitcoin vs US Dollar), we have summarized the most popular CFD brokers that offer Bitcoin trading at the lowest cost.
| 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 |
In terms of the spread, AltumBrokers offers by far the lowest trading cost.
But you must note that AltumBrokers charges swap points for overnight positions, so it may not be suited for traders who want to hold positions for a long period.
If you are a scalper or a day trader, then AltumBrokers is a recommended broker for Bitcoin trading.
If you are a swing trader or long-term trader, then EXNESS and XM are recommended.
Both EXNESS and XM do not charge swap points.
This means that you can hold positions for a long-time without paying extra commissions.
Both EXNESS and XM do not have time-limit to the positions, so you can hold positions open as long as you want.
Other mentioned brokers also offer competitive conditions for Bitcoin trading, thus if you find them already adequate for your trading strategy, then you may have found your broker.
If you want to explore something better, then AltumBrokers, EXNESS or XM can give you optimal trading conditions for Bitcoin (BTCUSD) today.
Comment by Hans
April 24, 2024
as I am trading here various assets, for me it's the most important feature. i mean, flexibility in tradable markets. i alternate trading styles, meaning that sometimes I trad...