Top 8 Bitcoin CFD Providers For 2024

In the crypto space, there are over twenty major trading platforms that offer CFD trading. We reviewed and ranked them to determine the best eight providers you can rely on for all your CFD trading needs. The listing includes details about these top and most reliable Crypto and BTC brokers and what they offer to the users.

We selected eToro as the top crypto CFD trading site. Leading multi-regulated online broker of crypto CFD and Forex, eToro has over 10 million customers worldwide. eToro made it to our list of the top copy trading platforms with one of the most prominent global social trading groups.

We choose eToro as the best Bitcoin CFD because of its dedication to social trading and copy trading, in addition to the wide range of cryptocurrency assets it offers for trading (41 distinct tokens). With cutting-edge tools like the CopyPortfolios tool, eToro places these trading methods front and center in its trading experience. In contrast, many other elite brokers view them as “bonuses” or “nice to have.”

The straightforward, user-friendly platform of eToro as the prominent platform, together with the broker’s use of mandated stop-loss and take-profit orders to safeguard customer money, will appeal to novices and casual traders alike. 

With crypto CFD, traders can speculate on an asset’s price changes without holding the item, and CEX does that very well. It is not the same as spot trading, in which you have to wait for the price of an asset to change before buying or selling it.

As a “derivatives exchange,” CEX specializes in trading in CFDs. You can trade CFDs on all of the cryptocurrencies, as well as stocks, FX, and precious metals, at CEX.IO Broker. Using BTC CFD, you can own the coin without spending money to buy it. CEX.io has the extra credibility of being one of the best regulated and approved crypto exchanges in Europe. That offers a sense of safety for users. 

The next option for CFD traders to consider is Axi, which offers commission-free ordinary accounts, no brokerage fees, and a margin as low as 1%. The margin enables traders to trade with relatively low capital. 

As a high-level Bitcoin CFD broker, Axi offers up to 500:1 leverage for regular trading accounts, depending on your area. If you would like, you can decide to accept less leverage.

But leverage trading is considered risky if you’re not sure what you’re doing. Generally speaking, increased leverage translates into more considerable potential gains and possible losses. 

For Standard and Pro accounts with Axi, the minimum trade size is 0.01 lots. However, this figure may vary based on the instrument you are trading. With AXI’s BTC CFD, you will profit from rising and falling price movements. 

You can buy Bitcoin CFD fast, simply, and securely with Bitpanda. Bitpanda Leverage allows investors to speculate on the value of specific cryptocurrencies without buying them, letting them go long or short.

Unlike traditional leverage trading, Bitpanda Leverage does not supply the underlying asset directly; instead, it employs crypto CFD. 

Additionally, Bitpanda offers a margin shut-out protection, which means that if 50% of your initial input is lost, we will automatically terminate your trade. You can never lose more money than you put in this way.

Our experts believe Bitpanda also has additional CFD products in the pipeline.

For traders who are on a tight budget but would like to be involved in crypto CFD, we suggest IC Markets. With an average spread of 0.76 pips for the main currency pairs on a Standard account and 0.16 pips on a RAW account, this broker has some of the narrowest spreads of any broker we examined.

IC Markets is also the best broker that supports MetaTrader 5. Established in 2007, IC Markets is a well-known virtual broker focusing on Forex trading, but it also provides CFDs on other asset classes and cryptocurrencies. Users of IC Markets can access the financial markets and benefit from accurate ECN execution by using a variety of trading platforms, such as cTrader, MetaTrader 4, and MetaTrader 5.

Due to its compliance with stringent regulatory standards maintained by two of the most respected regulatory authorities globally on Bitcoin CFD, IC Markets can provide online trading services in important markets like Europe. These bodies are the Cyprus-based CySEC and the ASIC.

For those seeking robust risk management and a wide range of trading options, including crypto CFD trading, we suggest AvaTrade. This broker offers various financial instruments, including exchange-traded funds, crypto CFDs, and options.

Avatrade offers attractive fixed spreads for 11 cryptocurrencies. The CFDs are available for trading 24/7 (even on weekends) at AvaTrade, along with a wide selection of other financial instruments, all free of bank fees and commissions. Another benefit is the set spread, with a maximum leverage of 1:25.

Bitcoin is available for trading against three different fiat currencies (the US dollar, the euro, and the Japanese yen) on AvaTrade. On top of it, Avatrade also supports a range of fiat currencies, making it one of the best CFD forex brokers too. 

Exness is one of the widely popular CFD brokers. It was founded in 2008, and has enabled trading multiple CFDs on cryptos, stocks, commodities, and indices. It is also well regulated, this gives it an edge over the others. The broker also offers high leverage options, enhancing the trading experience for high risk traders.

Exness is also well performed for BTC trading. It provides access to various BTC pairs, enabling a total of 34 pairs. Furthermore, one can also access trading for BTC against silver, gold, as well as Bitcoin Cash against USD (BCH/USD). Exness also allows deposits and withdrawals that can be processed within 24 hours. The broker also does not charge any swap fees, making it a preferable option.

Capital.com stands out with its AI-powered analysis system. It provides comprehensive educational resources too. This makes it a preferred option for traders who value learning. Furthermore, it also comes out effective in enabling data-driven decision-making. 

Capital.com is regulated by CySEC and FCA. It mainly offers a BTC/USD spread that starts from 106 pips and 1:2 leverage. It is highly appealing to those who appreciate a blend of advanced technology and education.

Crypto Contract for Difference, or crypto CFD trading, is a trading strategy that allows people to invest in and trade assets by entering into a contract with a broker rather than opening a position directly on a particular market. The trader and the broker agree to replicate market conditions and divide any difference between them when the position closes.

There are several benefits to Bitcoin CFD trading that are not available with direct trading, including leveraged trading, short (SELL) positions for assets that do not typically offer that option, and more.

How Does Crypto CFD Trading Work?

Here is how Crypto CFD trading works:

1. Selecting an Asset: Traders decide on a crypto or another instrument such as equities, and currencies.
2. Opening Positions: Traders define parameters of choice like leverage, invested amount or going long/short in the market.
3. Signing a Contract: The contract states the initial figure and any other expenses as defined by the contract’s terms and conditions.
4. Position Management: It remains open until the trader manually ends it, or it gets closed by stop loss, take profit, or end of the expiry period of the contract.
5. Settlement: The trader is paid for profit earned or debited for loss made on the position when it is closed by the broker.

How Do Bitcoin CFD Brokers Make Money?

Bitcoin CFD brokers make money through spreads and fees. The spread simply means the difference between the buy price and the sell price of a CFD. So, when traders open a position, they pay the spread. The spread is a small cost attached to each trade. This means that even if the market doesn’t move, the broker earns a profit from the spread.

Brokers can also charge fees like overnight financing fees for holding positions open overnight, withdrawal fees, and account maintenance fees. These are all extra ways of making money.

Some brokers also earn revenue through leverage. By offering leverage, brokers enable traders to control larger positions with a smaller amount of capital. While this amplifies both potential gains and losses for traders, it also increases trading volume, which in turn generates more revenue for brokers through spreads and fees, which we’ve talked about. 

CFD trading is different from crypto trading in several ways. Here is a detailed analysis of the differences:

Depending on the type of trading you do, you may want to consider some of the best crypto exchanges instead.

When selecting a crypto CFD broker, take into account the following essential factors:

Regulation And Investor Protection

It’s critical to consider both the degree of investor protection offered and the security of your money when selecting a CFD broker. Reputable financial authorities that license and regulate brokers are essential.

Seek out a broker controlled by reputable organizations like the Australian Securities and Investments Commission (ASIC) in Australia or the Financial Conduct Authority (FCA) in the UK. This will guarantee that the broker follows tight legal guidelines and has safeguards in place to secure your money. Learn more about safeguarding investors.

Range Of Markets And Products Available

CFDs are exchangeable on various assets, including stocks, currency, commodities, and cryptocurrencies. To accommodate multiple trading styles and inclinations, reputable brokers ought to provide a large assortment of markets and instruments.

Select a broker that offers a large selection of the CFDs you intend to trade. By doing this, you’ll be able to take advantage of various market conditions and diversify your portfolio.

Bitcoin CFD Trading Fees

It’s crucial to consider trading fees when selecting a BTC CFD broker. This covers overnight financing fees, commissions, and spreads. Pricing from a reputable broker should be straightforward and competitive. Don’t, however, base your choice only on cost.

While reasonable fees are crucial, a low-fee broker might not provide the most outstanding overall trading experience. Find out more about spreads, overnight fees, and brokerage costs overall.

If you make large trades and want to save money on the fees, check out the best low-fee crypto exchanges.

Features and usability of the trading platform

Since you will be executing trades on the trading platform, you must select a broker with a top-notch, dependable, and user-friendly trading platform that provides a wealth of tools and features. Verify whether the platform is accessible on the desktop or mobile device of your choice.

Some brokers may provide other services like news, analysis, and education in addition to standard tools like charts and indicators. cTrader, WebTrader, MetaTrader 4 (MT4), and MetaTrader 5 (MT5) are a few of the more well-liked systems.

Negative balance protection

Because they allow you to utilize leverage, which can increase both your earnings and losses, BTC CFDs are high-risk investments. Thus, theoretically, you may lose much more money than what is now in your account.

Protection against negative balance keeps this from occurring. You won’t owe more money than you deposited because the broker will cover the losses if your account balance drops below zero. Ensure your broker offers this protection before you begin trading, as not all do.

When selecting a crypto CFD broker, you might also want to consider other variables, like minimum deposit requirements and withdrawal costs.

Here are the reasons why trading Crypto CFDs is recommended:

Advanced Risk Management Tools: 

CFDs carry a certain amount of risk which enables trading in the digital currencies and involves features such as take profit and stop loss. They assist in reducing large levels of losses and assist in deriving better trading decisions, thereby improving general efficiency of trading.

Margin Trading:

It offers traders a chance to trade with high leverage, meaning a trader gets to make more profit with a small price change. For instance, for opening a $2,500 position with a 5x leverage, the trader will only need $500 in capital.

Regulatory Protection:

Some brokers have appropriate legal bodies governing their operations; thus, the clients are safeguarded from quacks, scams, and theft. Authentic and legit trading platforms help safeguard the trader’s funds, which means a trader can get back the lost funds in the event of an occurrence of an unfavourable outcome.

Higher Liquidity:

CFD trading tends to be more liquid in comparison with the direct trading of cryptocurrencies. There is no need for currency conversion hence, withdrawal can be done instantly with just one click.

Faster Trade Execution:

Transactions are very efficient and quick, as they take only several seconds to complete a transaction and thus, traders can make the most out of sudden changes in price.

Comparing different Crypto CFD brokers, the best would be eToro. It is popular for its simplicity and multiple Cryptocurrencies offering. The key strengths of eToro are social and copy trading, which makes the platform suitable for both, a beginner, and an experienced trader.

Besides, eToro constantly complies with the regulations of the countries where the company operates and continues introducing new trading technologies that make it the leading crypto broker with high accessibility and security levels. Check out our guide on how to trade Bitcoin CFDs on eToro.

Apart from this, AvaTrade also comes out as another suitable broker for Bitcoin CFD trading due to such factors as powerful risk management tools, competitive price displays beginning at 2 pips on Bitcoin pair and the company’s compliance with some of the world’s leading financial bodies. In the same manner, IC Markets targets traders, especially those who prefer the MetaTrader 5 platform, offering narrow spreads, high leverage, and ultra-tight non dealing desk spread on 300+ instruments together with high regulation standards.

These brokers together with eToro form the most advanced market leaders in bitcoin CFD trading, as well as meeting basic to professional trading wishes and strategies.

When deciding on a Crypto CFD broker, there are many options available depending on the trader’s preference and trading style. While eToro offers a simple and intuitive platform with social trading features that will resonate well with new investors, AXI offers commission-free accounts with high leverage that can be beneficial for experienced traders.

Margin shut-out protection at Bitpanda and the tight spreads by IC Markets in the MetaTrader 5 platform make up for specializations while offering a variety of trading options in the highly unpredictable cryptocurrency market.

If you are going to choose a Crypto CFD broker, the assessment of factors such as regulation, trading fees, trading platforms, and trading tools are still important in order to make the right choices that can fit personalities, trading preferences, and risk appetite.