Bitcoin Brokers – What You Need To Know

The world of cryptocurrency trading can be very exciting and lucrative yet with so many scam brokers in the industry today, it is vital to look for a reputable and regulated Bitcoin broker to partner with. This includes finding a broker that offers an all-inclusive trading environment that is safe and secure and also offers a wealth of tools and services to enhance trading success. These features include an intuitive trading platform, a comprehensive education center, professional customer support and a choice of effective analytical tools. Fortunately, there are a few brokers who stand above the rest, offering excellent service, great trading conditions and everything you need to trade Bitcoin and other cryptocurrencies effectively. Here we will explore the services offered by three leading brokers in the industry including EuropeFX, iTrader and 24Option. After reviewing each of the three brokers, we are happy to recommend them to both new and professional traders worldwide looking for the best Bitcoin brokers in the online trading world.

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Ownership and Regulation

EuropeFX was established fairly recently as a forex and CFD broker and is owned and operated by Cypriot company Maxiflex Global Investments Corp Limited. EuropeFX runs its operations under the Cyprus Securities Exchange Commission (CySEC) jurisdiction, with Maxiflex Global Investments holding Cyprus Investment Firm license number 258/14.

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iTrader kicked off operations in 2012, and currently offers traders more than 50 currency pairs and an assortment of CFDs on major cryptocurrencies that include Bitcoin. It is owned by Hoch Capital Limited, a CySEC-regulated Cyprus Investment Firm which also acts as a market maker for its transactions.

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Founded in 2008, 24Option started its life as a forex and binary options broker. The company has recently altered its focus to concentrate more on cryptocurrency, in place of binary options, and offers many investment options to users. The broker is fully CySEC regulated and has a glowing reputation for reliability and trustworthiness.

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The importance of only signing up with a regulated broker cannot be understated as it will protect the rights of investors within the financial trading world. CySEC offers oversight for many of the most reputable forex and cryptocurrency brokers. This offers two main advantages from a trading standpoint:

  • First, as a client, your money is kept in what is known as a segregated account. Through this policy, it is not possible for a broker to simply take your money, since there are particular procedures which they should follow each time they need to interact with your funds.
  • All CySEC-regulated brokers have Investor Compensation Fund membership. This fund compensates traders in the event that the company winds down its operations or becomes insolvent.

What’s more, EuropeFX, iTrader and 24Option are all MiFID-compliant (Markets in Financial Instruments Directive). This means that they are all allowed to provide cross-border investment services to traders in all member states of the European Union.

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Trading Platform

Unlike the majority of forex and cryptocurrency brokers in the industry, 24Option allows its traders to choose between two of the most powerful trading systems available today. Bitcoin traders have the opportunity to try out the broker’s proprietary Scipio platform, which boasts a range of innovative features. Because Scipio is web-based, there is no need to download or install any third-party software. Besides the company’s own web-based trading platform, 24Option, as well as EuropeFX and iTrader, provide their customers with access to the industry-leading MetaTrader 4 (MT4) platform. An essential benefit of MT4, which is offered by all three brokers, is the unparalleled charting environment. It is complemented by a collection of customized technical indicators, which are made available through the MQL marketplace. The marketplace is an independent online store which lets people test, lease, buy or sell the newest trading tools online. For traders looking for Bitcoin brokers with automated trading systems, all three regulated brokers offer trading robots known as Expert Advisors on the MT4 platform to help automatically carry out analysis and place trades, depending on the parameters they choose. EuropeFX, ITrader and 24Option’s MetaTrader 4 trading software is available in versions for desktop, iOS, Android and as a platform-independent, browser-based application. With access to mobile trading, you are easily able to trade while on the go, ensuring you never miss a trading opportunity.

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Trading Conditions

EuropeFX offers traders one of the most immersive and flexible cryptocurrency trading environments online. This top Bitcoin broker offers trading accounts for Bitcoin traders of all types and levels, from beginners to experienced pros. They have a low minimum deposit requirement of $250 and feature Straight Through Processing (STP) trade execution for faster, more reliable trading. A EuropeFX account allows traders to profit from trading Bitcoin, Ethereum, Litecoin, Ripple and Dashcoin Contracts for Difference (CFDs) against the USD.

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With an established reputation as a trusted online forex broker, iTrader now offers investors the opportunity to profit from Bitcoin without requiring any complicated setup of wallets or actually owning the currency itself. This is because the broker offers Bitcoin CFDs alongside those of forex, stocks and commodities. It is quick and easy to sign up and there are three account types for cryptocurrency traders to choose from: Silver, Gold and Platinum. Each account type is tailored to offer a choice of services and traders can simply sign up to the account type that meets their trading preferences and needs. There is also an Islamic account available and the minimum deposit required to trade on iTrader is 250 USD, EUR or GBP.

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24Option, who is the proud sponsor of Juventus FC, offers four account types: Basic, Silver, Gold and Platinum. Signing up is simple and quick, and the minimum deposit required is reasonable, at only $250 for the Basic account. Besides CFD trading for cryptocurrencies, 24Option also gives traders the opportunity to profit by trading on the Bitcoin/USD forex pair. The popularity of the two currencies, and the relative volatility compared to other pairs, makes this a good choice for mid- to long-term investment.

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Customer Support and Contacts

EuropeFX is a broker that is clearly interested in the trading success of its customers. This is clear from the comprehensive trading information offered on the Trader Education Portal, including an extensive multimedia library and Trading Central technical analysis. There is a highly skilled and dedicated team of customer support agents that are available 24 hours a day, 5 days a week to cater to any questions you may have and to help smooth your way into the world of Bitcoin trading.

iTrader is also an excellent choice for Bitcoin traders from all over the world thanks to the helpful and friendly multilingual customer support team that the broker has available 24 hours a day on each trading day of the week. There are several channels to ensure that the team can be reached via a method that is most convenient to the trader, including live chat, email, direct phone lines and WhatsApp. To help traders to quickly understand trading Bitcoin, there is also a free account manager with every Gold or Platinum level membership.

24Option’s customer support and training options are just as comprehensive, with the added advantage that the broker has been around much longer than the other two, which means that they have also built up an enviable reputation for exemplary customer service. Besides email and multiple phone contacts, there is a live chat option and a contact page form. The 24Option website is available in English, Spanish, Russian and Arabic.

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Conclusion – The Final Word

EuropeFX, iTrader and 24Option are leading, regulated brokers that offer traders everything they need in order to trade forex, Bitcoins and CFDs effectively. They offer a wealth of investment options, simple to use software platforms, excellent customer service and effective educational resources. CySEC and MiFID regulation and compliance has also ensured that they are considered among the most trusted cryptocurrency brokers. Sign up now and get into the Bitcoin trading action today.

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