When you're an experienced investor who understands the movements of a certain market, you may wish to broaden your horizons and try more advanced trading products. Contracts for Difference (CFDs) could be one such product for you. Working with an online broker, you can trade CFDs in a variety of markets and countries, with a range of tools at your fingertips. In this article, we delve into how to choose a Broker and give you our recommendations on some of the best Bitcoin CFD Brokers today. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. What Constitutes a Good Bitcoin CFD Broker? With so many Bitcoin CFD brokers available, it can be difficult to choose the right one for you. Good Bitcoin CFD brokers at the very least: offer competitive and transparent feesfeature a simple account opening and verification processaccept multiple deposit options Today, the best CFD trading platforms offer demo accounts that let you try out different investment strategies without losing (or gaining) any money. It is highly recommended that you use these demo accounts first so that you get used to the broker's features and the general behaviour of CFD markets. Another important feature of the best CFD trading platforms is access to financial reports, educational material, and useful guides. No matter your level of expertise, markets present a never-ending opportunity to learn and develop your skills. Whether you are perfecting your day trading strategy or looking to invest in a new market, this educational support can help you make the right choices. The following are some of the best Bitcoin CFD brokers you can use. Plus500 Screenshots are shown for illustration purposes only. Actual product may vary. A Background of the Broker As one of the best CFD trading platforms, Plus500 is ideal for traders who are looking for a wide variety of trading instruments. Founded in 2008, the trading platform is listed on the London Stock Exchange FTSE 250 Index. While suitable to most traders, scalping is forbidden and can get you banned. Fees Plus500 does not charge any trading commissions and features both fixed and dynamic spreads which start from as little as 0.01%. Apart from CFDs, the platform offers a real asset offering of Forex and Crypto. Opening an Account Plus500 offers two types of real money accounts; Standard and Professional. The Standard Account is available to all users and only requires a deposit of at least $100. To qualify for the Professional Account you need to carry out a minimum of 10 transactions per quarter for one year and your total investment portfolio needs to be valued at €500,000. Deposit and Withdrawal The main payment methods accepted are cards, bank transfers, PayPal, and eWallets. Conversion rates are charged to the client, while there are no deposit fees. The first five withdrawals per month are also free, but there is a fee of $10 for every subsequent withdrawal. A similar fee applies for any withdrawal of less than $100. Trading Platforms Plus500 offers web, mobile, and even desktop trading platforms. Currently, it does not allow manual leveraging. Pros & Cons ProsConsFees & LimitsVery low spreads with up to 5 free withdrawals per month at 0% commissionSupports only CFDsUser ExperienceAvailable in more than 32 languages with 24/7 customer supportDesign is not very user-friendly and can look too complicated especially for beginners OtherSupports 12 different cryptocurrency CFD coins Overall Verdict If you are looking to start trading CFDs, Plus500 offers you a user-friendly platform and the possibility to trade across 2,000 markets. The platform offers you up to 1:30 leverage for a Standard Account, and up to 1:300 for a Professional Account. [cta disclaimer='80.5% of retail CFD accounts lose money.' text='Visit Plus500' href='/out/plus500'] Risk Disclaimer It is important for you to realise that CFD trading is a high-risk investment. 80.5% of Plus500 retail investor accounts end up with losses when trading CFDs, so before you begin you must be able to afford to lose whatever funds you invest. If you would like to find out more about this practice, it's good to keep in mind these 10 CFD Trading Tips, which will help you perfect your skill and strategy in this exciting financial investment journey. IQOption Screenshots are shown for illustration purposes only. Actual product may vary. A Background of the Broker IQOption is a large trading platform that was founded in 2013 and today counts over 20 million users worldwide. The company is based in Cyprus and is regulated within the EU by the Cyprus Securities and Exchange Commission (CySec). Fees The platform allows traders to trade a variety of real asset offerings, including stocks and forex. IQOption does not charge trading fees and commissions, and the platform supports traders with favourable financing rates. Opening an Account Apart from offering a demo account, IQOption's account opening procedure is fast and easy. The majority of users open a Standard Account, but if you deposit $3,000 or more, you are automatically upgraded to the VIP Account. Deposit and Withdrawal IQOption offers a variety of deposit and withdrawal methods which include cards, bank transfers, and eWallets. The minimum deposit is set at $10, and there are no deposit or withdrawal fees. The lowest withdrawal minimum, based on which payment method you use, is only $2. Trading Platforms IQOption's proprietary trading platform is available on the web and on mobile. While it is possible to get a maximum of 1:1,000 leverage for professional traders, it is not possible to leverage manually on the platform. Pros & Cons ProsConsFees & LimitsNo deposit or withdrawal feesHigh spread percentages (In certain cases twice more expensive)User ExperienceOffers a wide variety of trading product and an intuitive designSlow customer supportsOtherOffers 12 different cryptocurrency CFDs No compensation funds in case the broker gets hacked Overall Verdict IQOption is a great way to start trading CFDs and other trading products as it does not charge most of the fees charged by other platforms. It is considered to be one of the best CFD trading platforms available as its goal is to make a profit whenever a trader succeeds, and this gives it a strong and loyal user base. [cta dual='true' color='purple' text='Visit IQ Option' text2='IQ Option Review' href='/out/iqoption' href2='https://www.cryptimi.com/cryptocurrency-exchanges/iqoption-review'] Risk Disclaimer Trading CFDs is a high-risk investment strategy that is better suited to experienced investors. Up to 89% of retail investor accounts on IQOption have registered losses when trading CFDs. AvaTrade Screenshots are shown for illustration purposes only. Actual product may vary. A Background of the Broker AvaTrade is a trading broker established in 2006 and responsible for a trading volume of over $62 billion per month. It has over 200,000 users, who carry out 2 million trades per month. Due to the platform's core values of fairness and integrity, it continues to grow rapidly. Fees AvaTrade makes most of its profits through spreads, and, as such, does not charge commissions for most spreads. The platform offers favourable financing rates, and you can invest in a variety of assets, including shares and bond commodities. Opening an Account The account opening process with AvaTrade is fast and simple, allowing you to select your base currency from several options, including USD, EUR, and AUD. The platform accepts individual accounts as well as corporate ones. Deposit and Withdrawal The main payment methods accepted are cards and bank transfers. AvaTrade does not charge any deposit or withdrawal fees, and the minimum deposit amount is $100. Its withdrawal policy is slightly complex and depends on the value of your last deposit. Trading Platforms With AvaTrade you can opt to trade using a variety of proprietary platforms. These are available on the web, mobile, and desktop, and are compatible with all major operating systems. It is not possible to leverage manually on any of its platforms. Pros & Cons ProsConsFees & LimitsThe platform offers a wide range of investable assets at relatively low spreadsFees are slightly more expensive than some of the previously mentioned brokers but still respectableUser ExperienceMultiple languages and base currencies available Design and general user experience can be improvedOtherOffers 11 different cryptocurrency CFDs No compensation funds in case the broker gets hacked Overall Verdict AvaTrade is a trading platform that appeals to a broad range of investors thanks to the many options it offers. Traders can take advantage of the platform's flexible leverage options, and make trades using different linked platforms. [cta dual='true' color='purple' text='Visit AvaTrade' text2='AvaTrade Review' href='/out/avatrade' href2='https://www.cryptimi.com/cryptocurrency-exchanges/avatrade-review'] Risk Disclaimer Due to the complex and high-risk nature of CFDs, you should only invest in them as long as you understand the risks involved. 71% of AvaTrade retail investor accounts have registered losses, so you need to ensure that you can afford potential losses before using this provider. XTB Screenshots are shown for illustration purposes only. Actual product may vary. A Background of the Broker Established in 2002, XTB is a CFD and forex broker which is listed on the Warsaw Stock Exchange. The company is also regulated and licenced to offer its services in a variety of countries, amongst which is the UK's FCA. Fees The platform charges market-average trading fees and competitive non-trading fees. Apart from CFDs, the majority of its users can also trade forex, stocks, and ETFs. Opening an Account If you would like to open an account with XTB, the process is fast, simple, and secure. Deposit and Withdrawal The platform accepts a variety of payment methods, including cards, bank transfers, and eWallets. While it does not charge any withdrawal fees, its eWallet fees are significant. Trading Platforms XTB allows you to trade using its web, mobile and desktop platforms. These are highly customisable, especially for viewing different charts. None of XTB's platforms allows manual leverage. Pros & Cons ProsConsFees & LimitsSeveral deposit options accepted including PayPalHigh eWallet deposit fees User ExperienceUser-friendly and customisable interface Limited options based on jurisdiction (Restricted in Australia, Hong Kong, Singapore, USA & more)OtherGood selection of 13 cryptocurrency CFDs Overall Verdict Regulated by more than 10 authorities around the world, XTB is one of the most reputable Bitcoin CFD brokers available. The platform offers fast payment processing and trader education tools, which are very useful. [cta text='Visit XTB' href='/out/xtb'] Risk Disclaimer Trading CFDs involves certain high risks which you must be aware of before you start trading. 76% of retail investor accounts that trade CFDs with XTB have lost money, so before you invest anything, you need to understand the likelihood of losing part or all of your funds. Trading 212 Screenshots are shown for illustration purposes only. Actual product may vary. A Background of the Broker Trading 212 is a UK-based broker which is regulated by both the FCA and the Bulgarian Financial Services Commission. Incorporated in 2013, the platform boasts over 10 million users from across the world. Fees Trading 212's fees are one of the reasons why it is considered to be one of the best CFD trading platforms in the world. It offers commission-free trading and some of the tightest spreads in the industry. The platform does charge currency conversion fees, if applicable, across its markets. You can use Trading 212 to trade forex, cryptocurrencies, and stocks, amongst other products. Opening an Account Opening a new account with Trading 212 is very fast and easy. The majority of new users open a normal account, but if you are ready to abide by certain conditions you can open a Professional Account. Deposit and Withdrawal You can deposit and withdraw funds using a variety of options including cards, bank transfers, and eWallets. Certain restrictions apply depending on your jurisdiction, so check your account to see which methods you can use. Trading 212 does not charge any deposit or withdrawal fees, and withdrawals are normally very fast. Trading Platforms Trading 212 offers both a web platform and a mobile app. The latter has proven to be extremely popular, especially considering the fact that it's been downloaded over 12 million times. The platforms do not offer the possibility to leverage manually. Pros & Cons ProsConsFees & LimitsCommission-free tradingLow leverage compared to other brokersUser ExperienceUser-friendly mobile application Potentially too simple for advanced traders OtherDetailed educational material A limited selection of 9 cryptocurrency CFDs Overall Verdict Trading 212 makes trading CFDs on the go a breeze thanks to its well-designed mobile application. Its very low fees make it an ideal broker to use if you are just starting out trading advanced products, as the platform also offers a wealth of educational information. [cta text='Visit Trading 212' href='/out/trading212'] Risk Disclaimer 80% of retail investor accounts registered with Trading 212 loose money when trading CFDs. It is important that you understand the potential risk of losing part or all of your investment when you trade with these advanced products. If you would like to read up on the world of CFD Trading and what it has to offer, we recommend for you discover the difference between Crypto CFDs and Crypto Assets.