Looking for the best place to buy Bitcoin? There is a wide range of cryptocurrency exchanges on the market, which doesn’t make the decision easier. If you want to buy and sell Bitcoin you need an exchange with low fees, good liquidity, and the best platform.

We help you compare exchanges and choose the best cryptocurrency exchange platform.

Bitcoin Exchange VS. Bitcoin Broker

It’s a common mistake to confuse an exchange with a broker. You need to understand the difference to choose the best place to buy Bitcoins. Which place is best will depend on your purpose for buying cryptocurrency.

Do you want to use or invest in Bitcoin? In that case, you should buy Bitcoin at a cryptocurrency exchange. Want to earn money from trading Bitcoin? In that case, open an account on a cryptocurrency broker.

TradingView

First thing first, before you decide on a broker, one of the most important arsenal you must have is a chart tool. It is used to analyze price history which helps you to buy/sell at a good price. An essential tool in addition to your exchange. The most popular chart tool on the market is TradingView. We use it daily and recommend it to everyone.

How did you Evaluate These Bitcoin Exchanges?

We focus mostly on:

Number of markets – Direct digital currency exchange is only one of the many ways to trade bitcoin for profit.

Security – The crypto market is not as regulated as the stock market. This means that you have more responsibility for security. A cryptocurrency exchange is used to buy and sell cryptocurrencies. NOT to store your Bitcoin/cryptocurrency. IMPORTANT! Buy a secure Bitcoin Wallet such as Trezor and Ledger to protect your cryptocurrency.

Payment methods – The more deposit methods available, the better. Especially for first-timers from the USA, to be able to buy bitcoins with a credit card often is the only conceivable way.

Bitcoin exchange rate – For many, the best crypto trading sites are good because of competitive cryptocurrency exchange rates and nothing else.

Volume of trade – It’s important with high trading volume on exchanges to reduce the spread (the difference between buying- and selling price). If the exchange doesn’t have enough trading volume, this becomes a hidden fee. However, as long as you choose a big Bitcoin exchange, you don’t have to worry about this. Read on for our recommendations.

Bitcoin trading app – Mobile support is a must nowadays and the best cryptocurrency exchanges are quick to develop robust mobile apps for their users.

Fees – An important factor when you buy and sell Bitcoin is the fee. However, all exchanges use different types of fees and costs. This includes buying- and selling fees (either a percentage or fixed price), order fee (market orders are more expensive than limit orders), transaction fees and more.

Customer support – Not all cryptocurrency exchanges offer fast and reliable customer service. Is there customer support 24/7? Do they offer phone support, chat support or both?

Reputation – This is a bit harder to judge. Discussions on bitcoin trading on Reddit and other forums give idea about a site’s trustworthiness and correctness but online stories are also tricky to verify.

Our Top Recommendations

Kraken

Having been around since 2011, Kraken has developed a reputation as a secure and reliable crypto exchange, and is one of the most viable alternatives to Coinbase. The Exchange is regulatory compliant, and offers both a simple and complex trading terminals, which appeals to new crypto traders and veterans alike. Users can trade Spot, Margin, and Futures, all in one place. The high liquidity levels, Grade A security, and complete transparency, makes it especially appealing to institutions and high frequency traders. It is also one with the lowest fees in the industry.

>> SIGN UP TO KRAKEN HERE

Coinbase

Coinbase is our go-to site when purchasing Bitcoins because it is the world’s most popular exchange platform and is simple to use.

Features:

  • Top crypto assets such as BTC, ETH, LTC, BCH
  • Offers insured Bitcoin deposits
  • Offers instant buy feature
  • High liquidity
  • Easy to use
  • API Support

>> SIGN UP TO COINBASE HERE

LocalBitcoins

LocalBitcoins is a peer-to-peer exchange site where buyers and sellers directly communicate to buy/sell Bitcoins at different prices and rates.

Features:

  • Escrow service to ensure trades are completed and both buyers and sellers are protected
  • Merchant services to receive Bitcoin from customers
  • Enables online or face-to-face Bitcoin transactions by matching people based on location
  • View profile and feedback history of your counterparty to assess them before a trade
  • Accepts almost any payment method acceptable to the community
  • No ID verification required
  • Pay with physical cash

>> SIGN UP TO LOCALBITCOINS HERE

Bybit

Bybit is a cryptocurrency derivatives exchange that allows you to trade perpetual futures. With ByBit you can open positions with up to 100x adjustable leverage. The exchange has a reported uptime of 99.99%, fees are relatively fair and support seems to be doing a good job addressing customer complaints.

Bybit is the first exchange to really challenge the market dominance of Bitmex. Bybit was built to address many customer frustrations with derivatives trading platforms especially the issue of platforms going offline during periods of particularly high demand. From its Singapore headquarters, it now serves hundreds of thousands of users and it’s climbing website traffic and trading volumes now challenge the industry leaders.

Read more: Bybit Review (2021 Updated)

>> New users can receive up to $1000 Bonus upon deposit + $10 Coupon regardless the deposit amount.

>> SIGN UP TO BYBIT HERE

Coinmama

Coinmama, known for being the oldest Bitcoin brokers in the industry, this Israel based broker is an exchange site you can purchase Bitcoins from with a credit card from close to anywhere in the world. If you want a safe, secured transaction to purchase Bitcoins, Coinmama is a great alternative.

Features:

  • Live pricing in USD or EUR
  • Allows the purchase of fractions of BTC
  • Easy to review your orders and transactions
  • Purchase crypto directly from the site
  • Multi-language support

>> SIGN UP TO COINMAMA HERE

CEX.IO

If you are looking for low fees alongside 99.999% availability whenever you need it, then CEX.IO might be the exchange for you. Although this exchange isn’t available in a lot of locations, if you are in a location where service is available, you’ll be able to benefit from this exchange.

>> SIGN UP TO CEX.IO HERE

Changelly

If you are looking for a Bitcoin exchange that can also help you purchase other crypto coins as well, then Changelly might be the best bitcoin trading platform for you. Changelly is a unique exchange that is both a Bitcoin and altcoin exchange. As there aren’t many exchanges that offer the features that Changelly comes with, it is one to strongly consider.

>> SIGN UP TO CHANGELLY HERE

BitMex

Bitmex.com is a very dynamic bitcoin marketplace. You can trade crypto against plenty of fiat and other digital currencies over at this Bitcoin Mercantile Exchange. One limitation is the deposit form – only BTC is accepted.
Even though the interface is very well laid out, BitMEX is hardly a place for novice traders. The platform is ideal for seasoned crypto investors, who know how to use the tools at their disposal to the fullest.

>> SIGN UP TO BITMEX HERE

Paxful

While not the biggest exchange out there, Paxful is quite popular with US crypto traders. It is another peer-to-peer exchange which supports a mesmerizing array of payment methods, including – you heard it here first – Amazon gift cards.

>> SIGN UP TO PAXFUL HERE

xCoins

xCoins.io is not a typical bitcoin exchange. It is a bitcoin lending service which, odd as it sounds, allows for instant transactions and some decent trading opportunities. Take your time to read the FAQ section of xCoins.io before producing your favorite payment method.
Thanks to its unique business model, xCoins accepts all popular credit cards and PayPal.

>> SIGN UP TO XCOINS HERE

Binance

One of the newest cryptocurrency exchanges, Binance.com appeared in mid-2017 with a surprisingly well thought-through product. The Chinese site comes with basic and advanced charts and statistics that can help you get your bearings very quickly and even, if you are so inclined, outline strategies for future investments.

Features:

  • Multi-Device Support
  • High Performance
  • Multiple Language and Country Support
  • Adopted Technology
  • API Support
  • Experienced Team

>> SIGN UP TO BINANCE HERE

CoinExchange

This is an interesting one. From many angles, Coinexchange.io looks like the ideal place to trade cryptocurrencies. A large number of markets and coins supported, the interface is informative enough without being overwhelming for novices, the verification process and transaction levels are reasonably well organized.

However, the company definitely lacks transparency about its modus operandi and mission and some Bitcoin exchange Reddit threads have raised serious questions about their integrity. They are not numerous enough to sound truly alarming but are sufficient to cast a shadow of doubt over Coinexchange’s integrity.

>> SIGN UP TO COINEXCHANGE HERE

PrimeXBT

Prime XBT recently launched with much anticipation as the newest and most advanced crypto trading platform to offer as much as 100x leverage on the top 5 crypto-assets. As well as providing access to an impressive feature suite and facilitating highly profitable trading possibilities, the Prime XBT platform also aggregates liquidity from 12 different top providers.

With these features and many more, Prime XBT aims to alleviate many of the pain points that traders face today on existing crypto trading platforms.

>> SIGN UP TO PRIME XBT HERE

KuCoin

KuCoin is an international cryptocurrency exchange that aims to simplify cryptocurrency trading for new users. KuCoin has both a web and mobile presence with the latter having basic trading features when compared to the website.

The platform has a low trading fee of 0.1 percent which can be covered using the sites native cryptocurrency known as KuCoin shares (KCS). The KCS tokens operate like shares of the company and anyone holding the token gets to receive dividends from the company’s profits.

>> SIGN UP TO KUCOIN HERE

More Comparison

Here is a comparison table of different cryptocurrency exchanges — including some that we have spoken about today and some others you might want to look at.

Source: quora.com/how-do-i-buy-bitcoin

Get Started Now – Buy/Sell Cryptocurrency

If you want to use or invest in Bitcoin, choose an exchange and open an account. If you’re going to trade Bitcoin and cryptocurrency, we recommend a cryptocurrency broker. However, we recommend using a complete solution. You don’t need to choose between an exchange/broker if you open an account at an All-in-one Platform.

No matter what you choose, you should use a chart tool. It is used to analyze price history which helps you to buy/sell at a good price. An essential tool in addition to your exchange. The most popular chart tool on the market is TradingView. We use it daily and recommend it to everyone.

NOTE! Don’t forget that you are responsible for the security of your cryptocurrency. Buy a secure Bitcoin wallet to store your cryptocurrencies. Follow these steps to exchange cryptocurrency safely:

  • Step 1: Open account at an exchange.
  • Step 2: Buy/sell Bitcoin and cryptocurrency.
  • Step 3: Move cryptocurrency to a private wallet – Trezor or Ledger

Bitcoin is cryptocurrency payment system in decentralized format. It was publicly released in 2009.

Bitcoin gained its popularity started in 2013 and gained over 3x appreciation from 2011 to 2012. Venture capital firms and investors around the world continue to bet on this cryptocurrency. 

The simplest way to invest in Bitcoin is to outright buy some. Many established trading firms provide buying and selling services.

While you are start thinking to invest in Bitcoin, you might start asking how Bitcoin is valued. Bitcoin is measured against fiat currency, such as American Dollars (BTCUSD), Chinese Yuan (BTCCNY) or Euro (BTCEUR). It appears superficially similar to any symbol traded on foreign exchange markets.

The factors that generally determine Bitcoin’s price is supply and demand. Inspired by the rarity of gold, Bitcoin was designed to have a fixed supply of 21 million coins, over half of which have already been produced. Miners currently produce around 3600 bitcoins a day, some portion of which sold to cover electricity and other business expenses. The daily power cost of all mining is estimated to around $500K. Dividing the total by the current BTCUSD price provides an approximation of the minimum number of bitcoins which miners supply to markets daily.

Bitcoin supply is inflating at around 4% annually from mining activities. The rate will drop sharply  in 2020 when the next reward halving occurs. That Bitcoin’s price is rising despite such high inflation indicates extremely strong demand. Buyers absorb the thousands of coins offered by miners and other seller everyday.

Bitcoin wallet can be a lot safer than a bank account at times. Greece imposed strict capital controls in 2015, Greeks were subjected to a daily withdrawal limit of 60 EUR. Bitcoin demonstrated its value as money without central control. Soon after Greek crisis, China began to devalue the Yuan. Chinese savers turned to Bitcoin to protect their accumulated wealth.

It worths to note that Bitcoin is an experimental project, a highly risky asset. There are many negative influencers of price, ie. legislative risk of a major government banning or strictly regulating Bitcoin business. The emergence of a credible competitor, perhaps with the backing of major central banks could see Bitcoin loosing its market share in the future.

well, Bitcoin is ultimately worth what people will buy and sell it for. This is often as much a matter of human psychology as economic calculation. Don’t allow your emotions to dictate your actions in the market; this is best achieved by determining a strategy and sticking to it.

If your aim is to accumulate Bitcoin, a good method is to set aside a fixed, affordable sum every month to buy bitcoins, no matter the price. Over time, this strategy (known as Dollar-cost averaging), will allow you to accumulate bitcoins at a decent average price without the stress of trying to predict the sometimes wild gyrations of Bitcoin’s price.

Founded in 2009, FBS is an online forex broker which quickly gained momentum and still maintains a sterling reputation amongst traders, achieving a steady rate of new membership of 7,000 daily, even a decade later. Forex isn’t the only market that FBS provides for its membership of over 13 million traders, with CFDs, stocks, and more are also tradeable with leverage of up to 1:3000 (for non-EU customers only) and no commissions accompanying the majority of instruments and accounts.

In over 190 countries, FBS instills confidence among traders thanks to strict regulation from CySEC and the IFSC, and rock-solid trading foundations built on a hybrid Straight Through Processing and Electronic Communications Network model.

FBS Account Types

The FBS broker offers 4 account types to their customers and traders. Cent Account is created for beginners to facilitate their introduction to the Forex market. This means that they can deposit very small amounts (e.g. $1) and are given access to try out the platform, the currency pairs, and the market in general. If you have spent a reasonable amount of time on the Cent Account and think that you are ready for real business, register with the Standard Account. This account is for more experienced traders. Another account that is good for, and recommended to, beginners is the Fixed Spread Account. This is a great option for other traders as well who want to play safe not risking too much of their investments. Fixed spreads mean that the spread remains the same, regardless of what happens in the market (at least most of the time). The last account, i.e. the unlimited account is mostly suitable for professionals and investors.

  • Cent Account available for beginners ($1 minimum deposit)
  • Standard Account for more experienced traders
  • Fixed Spread Account for risk-averse traders
  • Unlimited Account for experienced professionals and investors

Trading instruments

Forex broker offers the following underlying assets for trading.

30+ Currency PairsBased on major and minor world currencies.
4 Indice CFDsBased on baskets of different blue-chip stocks.
4 Metal CFDsBased on Gold, Silver, Palladium and Platinum.
2 Energy CFDsBased on Crude Oil (WTI, Brent).
40+ Stock CFDsBased on shares of US companies.

Commissions and Spreads

This broker does not charge any commissions or fees on trade. Instead, they charge spreads. This means that they add an additional spread on a currency pair. How wide the spread gets, depends again on what account you use. Standard accounts start with a minimum spread of 1 pip. For the unlimited type of account, the spread starts off with 0.2 pips. These spreads are floating spreads in both cases.

Educational Material

The education section at FBS is well-structured and well-organized, and all material is free. Education is split into five sections:

  • Forex Guidebook – the core of the education section, this is one of the better guides to Forex trading we have seen. It is split into chapters for Beginner, Elementary, Intermediate, and Experienced traders. This guidebook will be useful in some form for almost all readers.
  • Tips for Traders – a frequently updated blog with useful posts covering various aspects of trading in an erudite and informal format. Recent blog posts include Triple Screen Trading Strategy and Bill Williams Fractals Indicator.
  • Webinars – includes a schedule and register of upcoming webinars. FBS holds webinars weekly from its office in Moscow, and registration is a simple procedure.
  • Video Lessons – as you would expect, this is a collection of short videos covering various aspects of Forex trading – good for those who prefer watching to reading, but not as comprehensive as the Guidebook.

FAQs

Is FBS regulated?

Yes, our review of FBS found that the broker is regulated and licensed by CySEC, which ensures regular reporting, transparency, and fairness for EU clients. For those trading outside the EU, it is regulated by the International Financial Services Commission of Belize (IFSC).

Can you withdraw FBS bonus?

Yes, if you are trading from a country that allows a bonus from FBS, it can be withdrawn after two lots are traded and profit reaches $25. To withdraw, proper account registration and verification is required too. This means supplying FBS with proof of identification and address.

What is FBS account?

FBS offers two live trading accounts (Standard and Cent) and two demo account types (Standard and Cent). There are zero commissions on trades, leverage of up to 1:30, and spread starting from 1 pip. Standard accounts are available with a €100 initial deposit, whilst Cent accounts start from €10. Swap-free accounts are also available.

How long does FBS withdrawal take?

Withdrawal times at FBS depend on which method you are using to receive your funds. All withdrawals are processed by the broker within 48 hours on business days. E-wallet and crypto transfers are processed within minutes, whilst wire transfers can take up to 48 hours.

What is the minimum deposit on FBS?

Minimum deposit limits at FBS depend on the account type you have selected. For international clients, there is a micro account that allows deposits from $1. For European clients, the lowest entry point is the Cent account at €10. Standard accounts require a minimum deposit of €100.

Forex – the term on its own sounds complicated, some people directly relates it to risks and dangerous. While, in reality, just like any other forms of investment, it could be dangerous only if you have little knowledge.

You can simply be a long term investor, or you can sit and watch the market every day looking at your profit growing. There are enough strategies out there to meet any investment goal.

Simple forex trading system is following the daily or weekly trend. Review the charts and find a trend that seems well supported and get in. Set a reasonable stop and plan out a target. You will find this strategy easy as you don’t need to watch the market constantly, you can trade when you have time.

You can also choose to do day trading as forex market is always moving 24 hours a day, 6 days a week. Forex market is always moving at least a little. You can pick and choose your time depending on what you like to trade. Most day trading strategies revolve around forex technical analysis, if you have sharp eye and a plan, you can catch it and take some profit from it.

Some may have more old-fashioned approach to investment. You may prefer to invest in something you understand better rather than looking for a signal on their chart. Fundamental forex trading will work best for this category. You follow the news for several countries and play the countries with strengthening economic trends, against the ones with weakening economic trends. You look for how things shape up over the long term while you shall learn to understand the economic reports and compare them to other countries.

While Forex may sound complicated, anyone will have the ability to learn with patience and from mistake. Skills can definitely gained over time, it takes some persistence. It may frustrate some people in the beginning, you need to step back, keep an eye on the big picture and trade small, at least at the beginning.

I started my trading from this site, it is incredibly easy to use and they provide bonus as an encouragement. Feel free to explore XM trading here.

Kraken is a digital asset trading platform that allows users to buy, sell and margin trade cryptocurrencies. It is considered one of the world’s largest Bitcoin exchange due to its high liquidity and trading volume.

Really low fees, 50+ cryptocurrencies, and industry-leading security features.

In a crowded field of crypto exchanges, Kraken stands out.

But how does it stand up to other exchanges? Read our full review to find out if Kraken is right for you.

How to Buy Digital Currency on Kraken

Kraken allows its users to buy digital currency using fiat or cryptocurrencies.

Many platforms, particularly those for beginners, prove quite limited in the currencies they accept. But such is not the case with Kraken. When it comes to fiat currencies, Kraken accepts:

  • US dollars (USD)
  • Euros (EUR)
  • Australian dollars (AUD)
  • Japanese yen (JPY)
  • Canadian dollars (CAD)
  • British pound (GBP)
  • Swiss franc (CHF)

Apart from fiat, Kraken Exchange allows users to buy one digital currency using another, provided that the currency pair is supported.

For example, let’s take a look at how to buy Bitcoin with EUR:

  • Login to your Kraken account.
  • Click the ‘Trade’ tab and select the currency pair (Eg. XBT/EUR) that you would like to buy from the drop-down menu located above the tab.
  • Click the ‘New order’ link from your account dashboard. It shows different ways to place an order like Simple, Intermediate and Advanced. In this example, let’s choose the Simple option as the intermediate/advanced options are intended for margin/leverage trading.
  • Then, select the type of order: Market/Limit. If the option Market is selected, then the order will be processed immediately. In the case of limit orders, the order will be processed only if the market price matches with the value set for the limit. Otherwise, you must wait till the price drops or cancel the order to create a new one. (In this example, we are using Market order).
  • Enter the amount of XBT you would like to buy. (The estimated amount of EUR will be shown on the box labelled EUR).
  • Next, click the button ‘Buy XBT with EUR’. You will see your order details on your screen with two buttons ‘Back’ and ‘Submit Order’.
  • Click the ‘Submit Order’ button.

Common Kraken Cryptocurrency

Which cryptocurrencies does the company accept? You’ll be impressed by the vast list.

Kraken currently offers 57 cryptocurrencies, including:

  • Aave, Algorand, Aragon, Augur, Augur v2, Balancer, Basic Attention Token, Bitcoin, Bitcoin Cash, Cardano, Chainlink, Compound, Cosmos, Curve, DAI, Dash, Decentraland, Dogecoin, EOS, Energy Web Token, Enzyme Finance, Ethereum, Ethereum 2, Ethereum Classic, Filecoin, Flow, Gnosis, ICON, Kava, Keep Network, Kusama, Kyber Network, Lisk, Litecoin, Monero, Nano, OMG Network, Ocean Protocol, Orchid, PAX Gold, Polkadot, Qtum, Ripple, Siacoin, Stellar, Storj, Synthetix Network Token, tBTC, Tether, Tezos, The Graph, Tron, USD Coin, Uniswap, Waves, yearn.finance, Zcash

Kraken has even more available pairs. When it comes to pairs, the more popular they are, the more trading pairs they have.

What are trading pairs? These are currencies that get paired and given a relative value, such as 1 Bitcoin (BTC) = 15,340 Euro (EUR). Think of pairs like money exchanges at airports where you’ll see fiat currencies paired as 1 USD = 104 JPY.

Kraken Supported Countries

At this point, you may feel enthused about the idea of giving Kraken a whirl. You likely also have questions about which countries are supported by Kraken. Fortunately, the company’s got a massive reach.

It’s easier to list the countries where you can’t transact in Kraken than it is to list the ones where you can. Nations where the platform doesn’t operate include:

  • Cuba
  • Afghanistan
  • Iran
  • Iraq
  • Libya
  • Syria
  • Congo
  • Tajikistan
  • North Korea

Pros and Cons

Pros

  • Lowest fees compared to other exchanges
  • When it comes to security, no exchange can outdo Kraken
  • Users who are new to the crypto world will find it quite easy to start trading on Kraken as it is beginner-friendly
  • Kraken is one of the most liquid crypto exchanges today as it is quite popular among both professional traders and crypto enthusiasts
  • Regulated in the US and they have a US banking license
  • Kraken is very transparent, and that is how it has become one of the most trustworthy exchanges in the world. In fact, Kraken is the first exchange that carried out proof of reserves.
  • Bonuses for high-volume traders
  • Available worldwide
  • Upgraded support and features for advanced traders

Cons

  • Kraken does not support credit/debit card transactions.
  • Email or phone support not available to all users

Features

Kraken provides a wide variety of trading options that range from the regular limit orders and stop-loss orders to several advanced features like margin trading and dark pool. Kraken not only supports crypto to crypto trading but also between cryptocurrencies and fiat currencies, making it a great fiat-to-crypto gateway. The following are some of the unique features specific to Kraken.

  • Unique Landing Page: The sleek, easy-to-navigate interface crafted with a perfect blend of appealing illustrations creates a rich user experience.
  • Liquidity: Kraken provides high trading volumes and high liquidity levels.
  • Functionality: Kraken is also beginner-friendly whose simple interface with detailed instructions on how to use the exchange makes trading an easy process for first-time traders.
  • Staking: Kraken Staking allows users to increase their holdings by simply storing their coins in their Kraken account. Kraken provides staking rewards for the staked assets on top of the holdings, thereby increasing asset value. Kraken currently supports staking for the following assets: Bitcoin, Tezos, Polkadot, Cosmos, Euro, and US Dollar.
  • 24/7 Customer Support.
  • Strong user security with 2 Factor Authentication.
  • Dark Pool: This unique feature allows users to anonymously buy and sell orders without alerting the rest of the market. Such orders lessen the market impact and allow large trades at potentially better prices. This feature is currently available for Bitcoin and Ethereum currency pairs.
  •  OTC (Over-the-counter) Exchange:  Kraken supports OTC trading that takes place off the Kraken’s traditional exchange. Institutional and High net-worth individuals who trade with large orders can opt for OTC exchange, as large orders, might be too expensive when placed on the open market.
  • Margin trading: In margin trading, Kraken provides the necessary funds for the entire value of trade when a user trades with leverage.
  • Futures trading: Futures trading allows traders to enter an agreement to buy or sell a digital asset at a future date without holding the digital asset in question. Kraken allows users to trade BTC, XRP, ETH, LTC, and BCH in future contracts.

Kraken Fees

We’ve already touched on the fees associated with Kraken. But it’s time to dive more deeply into the company’s fee schedule. It boasts some of the lowest in the industry and a compelling reason for many investors to hop on board.

With Kraken, the fees you owe depend on your trading volume over the past 30 days. These fees are also generally based on the maker-taker model. That means makers who add limit orders to the platform pay lower fees than takers who complete existing orders.

Fees are as follows:

  • Stablecoin trading fees fall into the 0.2 percent to 0 percent range
  • Spot trading fees range from 0.26 percent to 0 percent
  • Dark pool fees come in at 0.36 percent to 0.2 percent

Because Kraken fees are volume-based, the more you trade, the less you pay on subsequent trades. Kraken uses this fee schedule to motivate traders to engage with the market. They also do this to drive maximum liquidity.

Payment and Withdrawal Methods

  • SEPA (Single Euro Payments Area) transfers.
  • Etana Custody. (1-5 business days).
  • Silvergate Exchange Network transfer for both domestic and international transfers (1-5   business days)
  • Fedwire transfer services. (1-3 business days).
  • International transfers are processed via SWIFT.
  • SIC – near-instant transfers on business days.
  • Traders can easily fund the digital assets supported by Kraken to their account. Crypto deposits get credited instantly, and users are ready to trade in under 10 minutes.

Kraken Security

Kraken exchange aims to provide maximum protection to its customer’s accounts by enforcing several security factors like two-factor authentication, master key, global settings lock and strong passwords. 2FA can be configured using Authenticator app, Yubikey or a static password. Master Key is a security feature that can be used to recover your account if you lose your login credentials.

Global Settings Lock (GSL) will safeguard the settings on your account. Kraken recommends that GSL is turned on when storing cryptocurrency for an extended period of time. In doing so, you set a lock, which must be unlocked to perform any changes such as changing your personal Bitcoin wallet address. This lock can only be opened after a pre-set day limit. So, if someone had to hack a customer’s account, they wouldn’t be able to immediately steal their coins, because they would have to wait the 6 days to pass, by which time the customer would be able to contact the Kraken customer support to recover your account. In addition to the GSL, Kraken recommends its users to create a strong password made up of characters which are difficult for potential hackers to crack.

Customer Support

As you can see, Kraken has set itself apart from the competition in many different ways.

Kraken’s website contains an extensive support guide to help customers navigate and utilize the site to its fullest. This guide covers every topic, from the basics like verifying your account to more complex processes like trading.

When such situations arise, simply submit a support ticket. Or you can talk with a live representative using the website’s built-in chat.

Bottom Line: Should You Use Kraken?

Kraken Exchange is not only a good option for novice traders but also for serious traders as it allows its users to trade more than 50+ currency pairs on its exchange. Kraken Exchange provides much better security using its advanced security features when compared with other cryptocurrency exchanges. Couple with its lowest fee in the industry, one can never go wrong with Kraken.

>> Click Here To Signup With Kraken

 

The trading mechanics in the forex market is quite similar to stocks in that prices fluctuate based on supply and demand, bid and asking prices. The major differences between them is the number of trading alternatives available. Forex market has very few compared to the thousands found in the stock market. The majority of forex traders focus their efforts on several different currency pairs, which include EUR/USD, USD/JPY, GBP/USD, USD/CHF and commodity pairs, USD/CAD, AUD/USD, NZD/USD. This makes currency trading easier to follow instead of having to pick between thousands of stocks to find the best value, the only thing forex traders need to do is to keep up to date on the economic and political news of these countries.

In a declining stock market, it is only with extreme ingenuity and luck that an investor can make profit. It can be difficult to short-sell in the US stock market because of strict rules and regulations. On the other hand, forex offers the opportunity to profit in both rising and declining markets easily because with every trade, you are buying and selling at the same time, and short-selling is, therefore, a part of every trade. Forex market is so liquid, traders are not required to wait for an uptick before they are allowed to enter into a short position, as in the rule in the stock market.

As the liquidity of the forex market is high, margins are low and leverage is hight. It is just not possible to find such low margin rates in the stock market, most margin traders in the stock market need at least half of the value of their investment available in their margin accounts, whereas forex traders need as little as few percents. Commissions in the stock market tend to be much higher than in the forex market. Traditional stock brokers ask for commission fees on top of the fees that have to be paid to the exchange. While forex brokers take only the spread as their fee for each trade.

As for investors like you and me, day trading in stocks and forex share a lot of the same stresses – being constantly plugged in, watching news and price action and so on.

When people refer to Forex trading being riskier or more difficult than stock trading, they usually mean that it is more difficult than buying and holding stocks (apples to oranges comparison).

Forex trading might involve more time sensitive decisions rather than a single analysis and then making a long-term investment. However, this is a bit untrue as fundamental forex traders may keep a position for weeks or months, checking it rarely. They have this luxury because they usually use less margin than forex day traders.

In summary, forex trading has better opportunity being 24/5, simplicity as the limited number of major currency pairs, higher liquidity over stock markets, and if you are in the margin game, the potential is way higher than a stock market.

Again, advertising my favorite forex investment tool that gained me thousandssss. You could consider or continue using your own tools if you already have one.

The XM Group is a group of regulated online brokers. Trading Point of Financial Instruments Ltd is established in 2009 and it is regulated by the Cyprus Securities and Exchange Commission (CySEC 120/10), Trading Point of Financial Instruments Pty Ltd is established in 2015 and it is regulated by the Australian Securities and Investments Commission (ASIC 443670) and Trading Point of Financial Instruments UK Ltd is established in 2016 and it is regulated by the Financial Conduct Authority (FCA 705428)

Trading Platform/ software

The trading platforms at XM include MetaTrader 4, with no rejections and no requotes. Leverage ranges from as little as 1:1 all the way up to 500:1. MetaTrader 4 allows a single login with up to 8 platforms, with spreads as low as 0 pips and some 300 instruments available. MT4 is available for Mac, PC, multiterminal, WebTrader, iPhone, Android, iPad, and Android tablet. MetaTrader 5 – MT 5 is a single platform with 6 asset classes available. Some 80 analytical objects are included with the platform and the latest price quotes are provided.

The total number of financial instruments available is 250+, and these include Forex Trading, Stocks CFDs, Commodities CFDs, Equity Indices CFDs, Precious Metals CFDs, Energies CFDs and Cryptocurrencies CFDs. The major difference between MT4 and MT 5 is that MT4 is a Forex trading platform, while MT5 is geared towards multi-asset trading. Smartphone trading is available at XM, simply by downloading the application on Android and iOS devices.

Features 

Investors who maintain XM Trading accounts can enjoy a variety of trading tools and features that include the following: 

  • Market maker broker 

  • Dealing desk 

  • One click automated trading 

  • Trading from charts 

  • Hedging and Scalping permitted 

  • No requotes 

  • Allows integration of Expert Advisors 

  • Trailing stops 

  • Trading over the phone 

  • First deposit bonus 

  • Promotions and contests 

  • Negative balance protection  

  • Multilingual economic calendar 

  • Virtual Private Server (VPS) services 

  • Multilingual customer support services

XM Bonus System and Types

Learning information about a broker is an entire process you need to consider every time before signing in a particular website. And part of this process is to see if the available bonuses are ok for you. Thankfully, XM offers numerous promotions and special extras you should definitely check out now.

  • No Deposit Bonus – the no deposit bonus – is still part of the bonus system that XM website provides to all of its clients. To be more specific only newly registered clients can actually benefit of it. The no deposit bonus here is 30 $ and you can use it only if you are new on the website and have just made your registration with a validated account to trade from.
  • Welcome Bonus – The two-tier deposit bonus offers 50% deposit bonus up to $500 and 20% deposit bonus up to $5,000.
  • Loyal Bonuses and Programs – Become a regular customer on XM at some point and you will be able to apply for a loyalty program. This program gives you several extras and special promotions and to reach it you will need to collect a particular amount of points, which are given during your experience on XM platform.
  • Special Seasonal Bonuses – Do not forget to check out for special seasonal bonuses on XM. This Forex platform has a tradition to update its bonus system all the time, so you can receive an additional offer throughout your experience here.

>> CLICK HERE TO OPEN A DEMO/REAL ACCOUNT WITH XM <<

 

Questrade is a financial service provider with a democratically priced online stock trading platform for its Canadian based investors. They have a solid platform of trading tools for their customers, competitive commissions, and other options such as trading physical Gold. Questrade is one of the fastest growing Canadian brokers due to great customer service, direct access technology, and quick trade execution.

Types of accounts

They offer several types of accounts:

  • Margin Accounts (e.g. Individual, Informal Trust, Business)
  • Registered (e.g. TFSA, RRSP, RESP)
  • Forex (FX) and Contract For Difference (CFD) Trading
  • Managed Investing

Commission

Questrade offers a well-crafted industry unique ‘democratic pricing’ stock trading commission: 1¢ per share with a minimum charge of $4.95/trade and a ceiling maximum commission charge of $9.95 — ideal for long-term investors. Active traders (or anyone at any time) have the alternative option of 1¢ per share (1¢ minimum / $6.95 maximum), or a $4.95 flat stock commission charge — ideal for high volume share trades. Options investing for these active users come with an attractively low $6.95 + 75¢ per contract. And the process of enrolling into this alternative program simply involves subscribing to one of Questrade’s several advanced market data plans. This should be glanced at again! It is not a typo! Questrade offers the cheapest trades in all of Canada. Their price point is so impressive that it actually encourages new and/or small investors to jump in and take part in the investment game while also enticing disgruntled active traders of other brokerage firms to transfer in (at no charge). They make it abundantly clear that they don’t charge setup fees, annual fees, nor inactivity fees* on any of their services which is a welcome change to the industry norm. However, for those looking for more of an actively managed portfolio touch there is a new specialty service they now offer at a nominal annual fee. More on this later.

Platforms

Questrade has spent much of 2013 focused on the roll out and improvement of its trading platform experience. The flagship trading platform is their Questrade IQ platform which delivers a trader-friendly interface that includes charting as well as complex options trading. IQ essential and IQ web are their web-based platforms and the IQ edge is a desktop based platform. The more advanced platforms, such as IQ web and IQ edge do require some kind of data package in order to fully utilize the platform features. As such, while the platform may be ‘free’ the data packages/data fees are not. For very active traders, however, market data fees are typical for advanced platforms.

In addition to the computer based versions of IQ, there is also a mobile version – IQ Mobile, which is available on iOS and Android systems.

Good things about Questrade

  • Cheap, cheap trades.  $4.95 trading fees for trades with 495 shares or less – maximum $9.95 fees for trades with more shares.  ETFs can be bought for free!
  • Ability to hold US$ in rrsp account.  If you sell a US$ security in a rrsp – almost every other broker charges 1% ore more to switch it to CDN$ and then another 1%+ to go back to US$.
  • Good trading platform.  I only used the free platform (Webtrader) and I really liked it.  It is very simple and doesn’t have all the bells and whistles that other platforms have.  Real time quotes is the only feature I need.
  • Excellent service.  I had no problems setting up accounts and doing trades, moving money etc.  They have an online chat function which I never used but apparently is pretty good.  I either phoned (very quick response) or sent email.  Both methods worked fine for me.
  • No account fees whatsoever.
  • Low balances. Minimum account balance to open an account is $1000 and you only need $250 to keep an account open.
  • All account types available.  Open, RRSP, RESP, RRIF – you name it, they have it.
  • Mutual funds – they will rebate up to 1% of the management fee back to the investor.  Read more about the Questrade mutual fund rebate.

>> Click Here to Visit Questrade Official Website

 

OptionFair has been in operation for over five years and continues to find new ways to reaffirm that they are among the best online binary options brokers. They are able to stay fresh by offering exciting new features, while maintaining the most advanced trading technology.

OptionFair is and has been licensed by the Cyprus Securities and Exchange Commission (CySec) since 2012. They were one of the first online brokers to be certified by Cysec.

While being certified by CySec is not that unique, there is one achievement that no one else can claim. OptionFair is the first and only online binary options broker to be publically traded. They are a part of the TechFinancials Inc. Group who are listed on the London Stock Exchange Alternative Market, found under Tech. L.

Software

While trust and transparency is a very key feature for traders looking to choose a site to invest on, trading atmosphere is almost important. OptionFair has both covered because they operate one of the most fundamentally sound platforms. Their sister company, TechFinancials, provides software that contains the most advanced trading technology, as well as a comfortable interface. There is no download required and getting started is easy.

Assets and Instruments

OptionFair has over 130 assets available to choose from in their list of indicies, Forex, stocks and commodities. There are also five instruments; High/Low, One Touch, Boundary, Short Term and Forex. This selection of assets and instruments provides all levels of traders with flexible options.

Traders should really know about some NEW additions OptionFair has installed on their platform recently:
They have added 30-second short term trading to join the very popular 60-second instrument. This could be one of the fastest ways to make money by investing online. OptionFair also lowered their minimum investment amount down to $/ € / £ 10 on short term trading.

Something else fairly new is 2-in-1 trading, which was added towards the beginning of 2015. This is a great upgrade that allows seamless trading between Forex and binary options on the same platform.

Bonuses

OptionFair was one of the first to offer profit double-ups and are known to stay competitive with their bonus and promotional offers. Their welcome bonus can reward up to a 200% bonus and other incentives such as 1-on-1 sessions with a senior account manager, trading Signals package, risk-free insured trades, and access to the resourceful e-Book.

There are also ways for existing clients to pick up revolving bonuses such as additional return on profit, cash back of trading volume, top up deals, prepaid credit cards, deposit bonuses, risk free trades and account upgrades.

On special occasions they are known to release unique promotions. Most recently they celebrated their fifth birthday with a very special promo. For five weeks, spanning the entire month of their birthday (June), they multiplied the top three tournament prizes by five. They gave cashback prizes in the amounts of $15,000, $5,000 and $2,500 over five weekly binary options and Forex tournaments.

Their tournaments are worth participating in even without this special. That is because it is free to play and there are 15 winners each week who split $25,000 in cashbacks.

Education

OptionFair gives all of the necessary tools to educate their traders. These priceless resources come for free and both beginner and advanced traders benefit from them. They provide personal account managers who can offer one-on-one assistance. Traders can also receive up to 20 trading Signals alerts on a daily basis via emails and SMS. The Signals deliver market activity news, updates on multiple expiries, coverage on global assets and other strength indicators. To top things off, there are also e-Books, video tutorials, webinars and other trading strategies available.

Customer Support

Since it is expected for traders come from markets from all over the world, OptionFair provides support in all major languages. Their customer support can assist in 13 different languages. The informed and friendly staff can be reached directly by phone and live chat Sunday through Friday, 8:00 to 22:00 GMT+2.

Final Word

OptionFair checks all of the boxes because they provide one of the most secure, fair and satisfying trading experiences in the industry. There is always something new and this is why they are on top of the list among online binary options brokers.

>> Click Here to Visit OptionFair Website

 

Opteck.com is a proprietary binary options trading platform that is solely owned and operated by the broker. Opteck was established back in 2011 and since then, has been able to gain itself a reputable recognition of being one of the most respectable and trustworthy brokers in the industry. While the holding company is based in Seychelles, Opteck’s corporate headquarters is located in Cyprus. We will now take a closer look at some of the main features Opteck has to offer.

Underlying Assets

Opteck offers a wide selection of financial assets that users can trade on. These currently include 33 pairs of currencies, 8 commodities, 33 stocks, and 23 indices. These include some of the following:

Currencies Commodities Stocks Indices
USD/CAD Corn British Petroleum PLC NASDAQ
EUR/CHF Coffee Barclays PLC Dow Jones Industrial Average
EUR/GBP Crude Oil TOTAL SA CAC 40
USD/JPY Silver Alcatel Lucent DAX 30
GBP/USD Gold Volkswagen AG HANG SENG
EUR/USD Copper Deutsche Bank AG Nikkei 225
EUR/JPY Natural Gas HSBC S&P 500
NZD/USD Wheat Vodafone SASEIDX
USD/CHF Adidas AG DFMGI
AUD/USD Apple Inc. AEX
USD/ZAR Coca Cola XU100-Borsa Istanbul Stock Exchange National 100 Index
USD/TRY Google TA-25 (Tel-Aviv 25 Index)
EUR/TRY Amazon.com Inc. Ibovespa Brasil Sao Paolo Stock Exchange Index
EUR/CAD Facebook Inc. FTSE 100 Index
GBP/CAD Baidu Inc. IBEX 35 Index
AUD/CAD AT&T Inc. Merval Argentina Index
NZD/CAD Cisco Systems Inc. Mexican Stock Exchange IPC Index
AUD/JPY Intel Corp. New Zealand Exchange Ltd. NZX All Index
AUD/NZD ALCOA Inc. Russell 1000 Index
GBP/CHF Allianz SE FTSE MIB Index
GBP/JPY American Express Company Tokyo Stock Exchange Price Index (TOPIX)
AUD/CHF Anglo American PLC S&P/TSX Composite Index
GBP/AUD AXA SA NYSE Composite Index
CHF/JPY BASF SE
EUR/AUD British Airways
CAD/CHF Bayer AG
CAD/JPY BNP Paribas SA
EUR/CHF Bank of America Corp.
EUR/NZD Citigroup Inc.
EUR/ZAR Daimler AG
GBP/NZD Dell Inc.
NZD/CHF Deutsche Telekom AG
NZD/JPY eBay Inc.

 
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Trading Options

Opteck offers 4 main types of trading instruments that we would briefly like to cover:

  • Quick Options– Enables the trader to complete a trade from start to finish in 30 seconds. Other time increments that are available in this feature include 60 seconds, 5 minutes, 10 minutes, 30 minutes and 60 minutes. Mainly suitable for traders who are looking to get instant returns on their investments.
  • High/Low Options– Also known as “Vanilla Options”, this type of options allows the trader to place a standard “Call” or “Put” position within the market on a selected underlying asset with no distinct features. This is considered as the most popular option type amongst binary option traders.
  • Range Options– Similar to its predecessor (One Touch), Range is a type of binary option where instead of foreseeing a certain price by the trader, he gets to select a price range. In the event that the binary option enters that range during the time frame of the option, the investment would be profitable. However, he must accurately predict whether a price of a specific asset will indeed expire in or out of the predetermined range.
  • One Touch Options– This type of option is one of the best ways to make the highest possible return on investment-Up to 100% on a single trade. All the trader has to do is determine whether a price of an underlying asset will reach a specific and predetermined level prior to its expiration time or not.
  • It is also worth mentioning that Opteck also offers advanced trading instruments, such as “Social trading” and “Order execution type”.

Payout Terms

The payouts at Opteck vary from 65%-100% and depend on the type of trade you have selected.  In general, if you decided to make a minimum investment of $25, and your investment ends up “in-the-money”, you will be getting $46 back. In the event that your prediction ended up “out-of-the-money”, you will only gain $4 out of your total traded amount.

Deposit and Withdrawal Methods

Managing your funds with your Opteck account is a very easy and simple practice, especially because this broker accepts a wide-variety of both deposit and withdrawal methods:

Deposits

Apart from accepting most of the major credit cards, Opteck offers traders additional deposit methods, such as Visa Debit, Visa Electron, WebMoney, CashU, Maestro/Diners, JCB, Bankwire & Moneybookers. This makes Opteck one of the most “comfortable” binary option brokers for both beginner and advanced traders.

Withdrawals

Opteck.com allows traders to withdrawal money through the same method they have used to make their initial deposit. It normally takes anywhere between 3-5 business days for the withdrawal process to be cleared.

Customer Service

The customer support department at Opteck is available around the clock. They can be reached through a toll-free phone number, e-mail or live chat. Their website is available in 9 different languages, including phone support in 15 different countries. Since Opteck takes pride in this professional treatment, the department was able to win multiple awards for providing a top-notch service.

Customer Testimonial

Jeremy Wong, M, 39, Malaysia:

“I feel so lucky I was able to discover Opteck 2 years ago. I have been trying to find a good binary options broker since the end of 2012, exactly when I finished my studies in finance from the University of Science Malaysia (USM).

During my studies, I started reading a lot about the binary options field and always looked for a broker who can teach me everything I need to know prior to start experiencing real live trading. That’s more or less when I had my first encounter with Opteck.

I saw an online advertisement saying that they have a free demo account, and I said to myself: “This is definitely worth a shot”, so I filled out my information and registered with them. This was by far one of the best decisions I have made since I have graduated.

Opteck has one of the most comprehensive online educational centers available in the market. They offer live trading webinars, online video tutorials, beginners and advanced introductory sessions and much more. But what I liked the most about this broker was the trading platform, especially the “Quick Options” feature.

I had the opportunity to practice different trading strategies with their fully-featured demo account before I was confident enough to start trading with my own funds. Believe it or not, I have been trading for more than 2 years now and thanks to Opteck, I was able to make over $120,000!!! That’s right, I am not joking. Try for yourself and experience success just like I did.”

Our Thoughts

We are highly satisfied with Opteck. Even though this broker has been in business for the last 4 years or so, it has been able to establish a name for itself as one of most reputable and trustworthy brokers out there. This broker offers useful information about daily and weekly market events, different chart types, wide-range of tradable assets, and numerous trading instruments to choose from, not to mention one of the best online educational centers in the industry.

Many binary options brokers don’t really care about the customer. They simply want to get you in to the platform and don’t care about you anymore. That’s not the case with Opteck. This broker makes absolutely sure to train you and guide you all the way through the different stages of the trading experience, from the account opening process, through the “Demo Account” practice stage and within the live trading experience on the proprietary platform. This broker not just says that you are the foundation of its business, it really means it.

For these reasons, we are happy to give our sincere recommendation to Opteck. Whenever you are ready to start investing money with a binary broker that really cares about you, we highly recommend Opteck!

>> Click Here to Visit Opteck Website