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List Of Popular Bitcoin & Crypto Brokers For Australian

Author
|Updated March 29, 2022 09:15
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Cryptocurrency trading has succeeded in attracting numerous investors and traders from global markets by pulling the rug out from under relatively silent traditional capital markets. With its extreme volatility and virtually unlimited profit potential, crypto markets enabled many people to have opportunities to make plenty of money.


As a result, a lot of bitcoin brokers appeared in this space to open the door for people to access to cryptocurrencies trading. These brokers are websites that enable people to trade cryptocurrencies. 


I believe you have heard of some online brokers for bitcoin and crypto trading. But, how could we choose from the top brokers for Bitcoin trading? 



What Is Crypto Trading Broker?

A Crypto trading broker is a platform that acts as an intermediary between traders and the market. Crypto brokers are often referred to as over-the-counter (OTC) services, you can buy and sell cryptocurrency derivatives without owning the actual assets. People looking for a quick and convenient way to trade bitcoins are usually better using a broker than an exchange. 


A popular way to trade cryptocurrencies comes with the Contracts for Difference (CFD). Many brokers provide crypto trading with CFD.  


You will open a Sell or Buy position, and finally, you will close the trade when you reach either your profit taking or your stop loss. 


List of Top Regulated Bitcoin And Cryptocurrency Brokers

Considering that cryptocurrency brokers are too many, and of course, it's hard to try them all. We provide you with a list of some top cryptocurrency brokers with different features. Please be noticed that there are still many other good brokers outside our list and they may be more suitable for you than anyone on our list.



1. Mitrade-Fast-growing Australian crypto CFD broker


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MiTrade is an innovative and simplified CFDs trading platform, regulated by ASIC, providing users with a quick and convenient way of investing in crypto trading.


This multi-featured platform integrates market updates, trading, news with account management and risk management, aiming for a better trading experience.


With zero commissions,  this platform offers competitive spreads as well as fast and reliable order execution.


Moreover, They offer seamless trading via both iOS, Android mobile apps along with web-platforms. You are free to trade anywhere, anytime, on any platform.


Pros:

Low threshold trading conditions

Simple and intuitive trading platform 

Competitive transaction costs

Set a variety of order types (market, limit, stop)


Open An Account Now 


2. Etoro-Popular bitcoin broker


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eToro is a really popular bitcoin trading website that has been around since 2006, and It's regulated by CYSEC, FCA, and ASIC. It supports the trade of Bitcoin and other cryptocurrencies in addition to stocks, commodities, forex, etc. 


Pros:

Very good customer service

Many Payment Methods

Regulated and Trusted Platform

Many financial instruments



3. Forex Time (FXTM)-A trustworthy forex broker 


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FXTM is a famous forex broker that supports trading on some cryptocurrencies, based in Cyprus and founded in 2012. It also offers trading services on Forex, Stocks, Commodities, Indices in addition to cryptocurrencies. 


FXTM is licensed by Cyprus Securities and Exchange Commission (CySEC), and its official website supports many languages and many withdrawal and deposit methods.


Pros:

Providing different types of accounts to satisfy all traders according to their experience.

High-quality trading platform with high execution speed.

Excellent customer service that is available at all times and in many international languages.

Many withdrawal and deposit methods.

Provides seminars and brochures and educational leaflets for its users.



4. XTB- Top global crypto broker

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XTB is a cryptocurrency broker that offers many assets to buy and sell, including Bitcoin, Ethereum, Ripple, Litecoin, and Dash. 


XTB is a popular crypto exchange based in Poland and regulated by the Financial Conduct Authority (FCA) and has offices in 11 countries including the UK, Poland, Spain, France, Turkey, Portugal, and Germany.


Pros:

A trading platform is extremely user-friendly

Competitive spreads and fees

Supports mobile trading as it has an iOS and Android app



5. IcMarkets- A Trading platform for crypto


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IcMarkets supports the trading of a number of cryptocurrencies: Bitcoin, Ethereum, Litecoin, Ripple XRP, DASH, EOS, and PeerCoin as well as foreign exchange (Forex).


Founded in Sydney, Australia in 2007, the company behind the IC MARKETS brand is International Capital Markets Pty Ltd, which is licensed by the Australian Financial Services Authority and regulated by the Australian Securities and Investments Commission (ASIC).


Pros:

Competitive spreads and fees

High leverage

Many payment methods

Negative balance protection



6. IQ OPTION-Reliable broker for Bitcoin trading


IQ Option is a good trading broker based in Seychelles and regulated by CySEC. IQ Option provides its users with a wealth of instrument tools such as cryptocurrencies, stocks, (ETFs), Forex, and a range of various digital options.


Supported cryptocurrencies include Bitcoin, Ethereum, Litecoin, Ripple, Monero, Zcash, Omisego, IOTA, and Dash.


Pros:

Minimum deposit is $10 

Many cryptocurrencies are available

Advanced tools and charts

Available in many languages

Several account options



7. Markets.com- Crypto broker trading platform


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A leading foreign exchange and cryptocurrency broker trading platform, allowing its clients to trade currencies, commodities, and indices and supports the trading of a number of cryptocurrencies including Bitcoin, Ethereum, Litecoin, Ripple XRP, and Bitcoin Cash.


Markets.com provides access to more than 2,000 financial instruments, established in 2006 in Cyprus and managed by Safecap Investment Ltd., a financial services company licensed by the Cyprus Securities and Exchange Commission (CySEC) and licensed by the Securities Commission. And Australian Investment Corporation (ASIC) to operate in the Asia Pacific region.


Pros:

Trade over 2,000 financial instruments including a number of cryptocurrencies

High leverage

Customer support is available 24/7

Supports mobile trading as it has iOS and Android app



8. TRADE.COM- A trading platform for bitcoin

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Trade.com is one of the best bitcoin brokers, it provides trade cryptocurrencies besides hundreds of trading instruments. The parent of the firm is Leadcapital Markets Ltd, based in Nicosia, Cyprus, and it's regulated by CySEC.


Pros:

Trade over 2,100 assets including cryptocurrencies, bonds, ETFs and more

Multiple trading platform options including web, and MT4

The minimum deposit is $100

Many cryptocurrencies are available

Provides users with a robust educational library, including videos, eBooks, and webinars.



9. 24OPTION- An online trading broker

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24option is an online trading platform based in Belize City, Belize. it's one of the most stable and reliable trading platforms. It is under the rules and regulations of CySEC. 24option platform support trading on the top 4 cryptocurrencies (Bitcoin, Ethereum, Ripple, and Litecoin).


Pros:

Advanced tools and charts

Wide variety of assets

Free demo account

Available in many languages


How To Choose A Cryptocurrency Broker?

Before choosing a broker, you should understand these brokers do not offer purchase services of spot cryptocurrency. Rather, they offer you an over-the-counter product on a speculative basis with contracts. With this option, you will trade cryptos with price moves, and take profit or losses with the differences between the opening and closing prices of the underlying asset. 


Now, choosing the best crypto broker to trade with might be a headache for you. In this stage, you have 5 things to keep in mind.


1. Regulation –  It is important that you open an account in a regulated cryptocurrency trading platform.


2. Fees – Before joining, make sure you understand fee-related information such as deposit, transaction, and withdrawal fees. Fees could differ significantly depending on the broker you use.


3. Mobile trading – It's essential to be able to follow up on your account any time you want and stay abreast of any updates on global markets easily.


4. Trading Options – It is exciting to be able to invest in many financial markets at the same time. The best option is to work with a broker that offers a wide range of markets for trading.


5. Exchange Rate – Different brokers have different rates. Trading with low spreads is a significant thing.




Start Trading Bitcoin and Crypto Online

MiTrade trading platform offers users a quick and convenient way of investing in many markets include CFDs on popular cryptocurrencies (Bitcoin, Ethereum, Litecoin, Ripple, etc.) in addition to CFDs on Forex, indices, Commodities, and others. 



Both seasoned and inexperienced traders can open a demo trading account with a $50,000 virtual fund limit in less than a minute, allowing them to test the virtual currency market without the risk of losing any real money.  Of course, they can also enter directly by opening a real account.


You can start now and have an amazing trading experiment with MiTrade. 3 steps only to open an account and start trade:


From the MiTrade homepage, click on “Create Account” to create a real account or choose “Demo Account” if you would like to create a demo account.


Fill in the required data and click on "Sign Up" and complete the registration form.


You can now fund your account and start trading. You can also master the platform easily after watching short educational platform videos.


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Final Thoughts


Choosing a bitcoin and cryptocurrency broker can be puzzling for new traders. Each trading platform has some pros as well as some cons. Always try to select the most suitable platform according to your needs.


In conclusion, you should keep in mind that while the volatile nature of cryptocurrencies makes it an attractive trading instrument, it also high risk. Trading is not suitable for everyone. 






* The content presented above, whether from a third party or not, is considered as general advice only.  This article should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments. *CFD trading carries a high level of risk and is not suitable for all investors. Please read the PDS before choosing to start trading.


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Risk Warning: Trading may result in the loss of your entire capital. Trading OTC derivatives may not be suitable for everyone. Please consider our legal disclosure documents before using our services and ensure that you understand the risks involved. You do not own or have any interest in the underlying assets.

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