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Bitcoin train - why Forex Brokers might hesitate to Jump on?




Regulation concerns

Bitcoin Forex brokers

Forex brokers looking to work with Bitcoins face a few challenges, most of them are regulatory. In mid-2015 Bitcoin still remains unregulated and unsupervised. There is no central bank to regulate its flow and exchange. In addition, the Anti-Money Laundering questions remains unsolved, as Bitcoin users identity is veiled (they don't need to have bank accounts for holding Bitcoins, for example).

Combined together, those issues hold back some Forex brokers who would ultimately already adopt Bitcoin trading themselves.

Regulation attempts

In the meantime, there have been some intriguing developments, as Bank of America among the first showed interest in adopting digital currency transfers. As of September 17, 2015 Bank of America has successfully registered a patent to use Bitcoin, Litecoin, Ripple, Peercoin, and Dogecoin for fund transfer between accounts.
Another industry giants - Amazon and MasterCard - are also exploring the ways of working with digital currencies, and related patents have been also filed.

Meanwhile, Commodity Futures Trading Commission (CFTC) in the US confirms that Bitcoin is a Commodity, and hence CFTC has authority to control digital currency futures and options.

And so, the train gains speed, and time will tell, as for now, Bitcoin popularity grows, and so is our list of Bitcoin Forex brokers.

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Risk Warning: Investing in digital currencies, stocks, shares and other securities, commodities, currencies and other derivative investment products (e.g. contracts for difference (“CFDs”) is speculative and carries a high level of risk. Each investment is unique and involves unique risks.

CFDs and other derivatives are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how an investment works and whether you can afford to take the high risk of losing your money.

Cryptocurrencies can fluctuate widely in prices and are, therefore, not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Past performance does not guarantee future results. Any trading history presented is less than 5 years old unless otherwise stated and may not suffice as a basis for investment decisions. Your capital is at risk.

When trading in stocks your capital is at risk.

Past performance is not an indication of future results. Trading history presented is less than 5 years old unless otherwise stated and may not suffice as a basis for investment decisions. Prices may go down as well as up, prices can fluctuate widely, you may be exposed to currency exchange rate fluctuations and you may lose all of or more than the amount you invest. Investing is not suitable for everyone; ensure that you have fully understood the risks and legalities involved. If you are unsure, seek independent financial, legal, tax and/or accounting advice. This website does not provide investment, financial, legal, tax or accounting advice. Some links are affiliate links. For more information please read our full risk warning and disclaimer.