Looking for the top broker accepting USDT payments? Based on our hands-on analysis, we’ve identified 3 best options tailored to various trading needs. Practical tips from our experts are included.
Applying FX Empire’s comprehensive methodology, our team of experts has identified the best forex brokers in Norway for this year. Here’s how we test.
Now let’s explore the selected brokers.
Founded in 2014, BlackBull Markets is regulated by the FSA Seychelles and FMA New Zealand. It offers over 26,000 tradable instruments from seven trading platforms and apps with ECN pricing and execution.
USDT Payment Features:
BlackBull Markets offers one of the largest selections of instruments in the industry to trade on. There are over 26,000 share CFDs, 64 forex pairs, 11 indices, 6 commodities, and 28 cryptocurrency CFDs.
I found an excellent range of trading platforms, including MT4, MT5, cTrader, and TradingView, along with BlackBull Markets’ proprietary copy trading and share trading platforms. I enjoy using the TradingView platform, which has a 50 million-strong social community that shares ideas. You can use any of the three broker’s ECN accounts directly from TradingView.
Founded in 2011, OCTA is regulated by CySEC and the FSCA and has 2 unregulated entities based offshore. Over 230 CFDs are available to trade from MT4, MT5, and OCTA’s proprietary web platform and mobile app.
USDT Payment Features:
The OCTA MT4 and MT5 platforms are available via desktop, web, and mobile. The desktop version includes algorithmic trading features and suites advanced traders. The broker also provides TradingView platform which boasts charts with 11 time frames, 11 chart types, and over 100 technical indicators.
In my opinion, beginners will find the OCTA web platform and mobile app much easier to use for trading. The web platform offers one-click trading options, price alerts, and customizable watchlists. The OCTA app, available on Android and iOS, includes features similar to those of its web platform and integrates 24/7 customer support.
Founded in 2007, eToro is a multi-regulated broker and one of the biggest social trading platforms in the world. It provides its clients with plenty of trading and investing opportunities, a proprietary web platform and mobile app, and over 3,500 tradable instruments.
USDT Payment Features:
The eToro platform is a breeze to use with charts powered by TradingView and built-in market news and research. Its CopyTrader feature allows you to view the performance of individual traders with an extensive range of metrics. At the click of a button, you can replicate the trades of any member of the 20 million copy trading eToro community.
The eToro Academy provides extensive educational materials, including articles and video courses on various topics about trading and investing, along with platform guides. Additionally, eToro offers SmartPortfolios – innovative, long-term investment portfolios curated by eToro analysts.
Here is a quick guide on choosing a broker accepting USDT payments.
When using a broker for USDT payments, it is imperative to ensure they are regulated by a reputable authority. Crypto payments are often targeted by scams and fraud. Regulated brokers are bound by stringent rules governing the handling of funds and trade execution. Violating these regulations can result in hefty fines and the revocation of their license, thereby ensuring a safer trading environment for individual investors.
However, not all financial regulators are created equal. We classify them into three tier levels:
Tier-1 regulators ensure the highest level of investor protection. Brokers regulated by such authorities are required to segregate client funds from their own and provide negative balance protection to prevent accounts from going negative.
Find Best FCA-regulated brokers and Best CySEC-regulated brokers.
Additionally, brokers regulated by the FCA, IIROC, and CySEC are obliged to participate in compensation schemes, guaranteeing the safeguarding of client funds in the event of broker insolvency. To verify a broker’s regulatory status and permissions, individuals can review the broker’s legal terms and conditions and consult the regulator’s register in the broker’s operating country.
Exercise caution when dealing with unregulated brokers, as they operate without strict rules governing the handling of funds. Entrusting funds to unregulated brokers poses significant risks, as there are no legal avenues for recourse in cases of theft or fraud – especially with crypto payments, which can be hard to track.
Read more about Best regulated forex brokers.
The importance of trading and non-trading fees in determining your profitability cannot be overstated. Brokers strive to maximize their fees, while traders aim to minimize them. When choosing a broker, it’s vital to consider various fees, such as:
A broker’s trading fees should be transparent and prominently displayed on their website. The absence of this upfront information might suggest that the broker withholds crucial details, serving as a cautionary sign for investors.
While some brokers may advertise zero fees for deposits and withdrawals via USDT, there will be associated network and gas fees. These vary depending on the network’s volatility but are usually shown before transaction confirmation.
Based on my experience, brokers offer a range of trading accounts, typically from one to seven, each varying in tradable instruments, minimum deposit requirements, and fee structures. The primary distinguishing factor among these accounts usually revolves around their fee systems.
Trading accounts can generally be classified into two main types: commission-free and commission-based.
The choice of a trading account largely hinges on the individual trader’s preferences and trading style. Beginners might prefer a commission-free account as it simplifies risk management decisions with costs incorporated into the spread. Conversely, active traders may opt for a commission-based account to capitalize on tighter spreads, enabling more precise trade execution.
Discover Best STP forex accounts and Best ECN forex accounts.
The reason CFD trading has grown in popularity is leverage. It enables traders to control a large position size using a small deposit. Leverage amplifies both winning and losing trades.
For instance, with 1:30 leverage offered by a broker, you can initiate a position valued at thirty times your deposit. This means you could handle a forex position valued at $3,000 with just a $100 deposit.
Tier-1 regulators have imposed limitations on leverage for forex CFDs, restricting it to 1:30 for retail traders, primarily due to the inherent volatility of these markets. While certain offshore brokers may offer exceedingly high leverage, it’s wise to exercise caution.
Profits and losses are determined based on the total trade value, not your margin or deposit. Your broker will issue a margin call if your account lacks adequate capital to sustain the larger trade value. In such instances, the broker may automatically close your trades, potentially resulting in unexpected losses.
Explore Best forex brokers with high leverage.
Brokers offer a variety of trading platforms. Some of the most common include:
I prefer brokers that offer multiple platforms accessible across different devices. This approach ensures seamless switching to an alternative platform in case of issues with one platform or device, facilitating effective management of my trading account.
Check out our dedicated guide on best forex trading platforms.
It’s essential to steer clear of these factors when choosing a forex broker accepting USDT payments:
Regrettably, the forex and CFD industry is saturated with scams. Here are some guidelines to steer clear of such fraudulent activities:
Utilizing our in-house rating system, we analyze brokers across nine core categories, scrutinizing 250 data points covering:
You can read more about our review process here.
Additionally, for this guide, we ensured that each broker accepts payments in USDT, with clear and transparent fees and fast transaction times.
The team of forex and CFD writers and editors at FX Empire is composed of trading industry professionals and seasoned financial journalists. Our writers have been published on leading financial websites such as Investopedia and Forbes. In addition, they all have extensive trading experience.
Dan Blystone began his career in the trading industry in 1998 on the floor of the Chicago Mercantile Exchange. Later Dan gained insight into the forex industry during his time as a Series 3 licenced futures and forex broker. He also traded at a couple of different prop trading firms in Chicago. Dan is well-equipped to recommend the best forex brokers due to his extensive experience and understanding of the brokerage industry.
Jitan Solanki is a professional trader, market analyst, and educator. He day trades major currency and index markets and focuses on swing trading US equities and commodities. A qualified Market Technician, Jitan also works with trader education and brokerage companies on various projects. These include market analysis, live trading events, and broker reviews. As an experienced trader and educator, Jitan brings all his qualities in action when reviewing and recommending brokers.
Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. Plamen’s favourite trading instruments include FX majors and gold. He earned a Bachelor's degree in Economics and International Relations. Plamen's broad experience has equipped him with the expertise to recommend the best forex brokers.
In more than 15 years of trading in the financial markets, Vladimir dealt with a wide range of brokers and financial instruments. His career as a day-trader at a proprietary trading firm goes back to 2007. Later, Vladimir turned to longer time frames and became an independent trader and analyst managing his own portfolio. Using his experience, he helps traders find the best broker in his reviews.
Jitan Solanki is a professional trader, market analyst, and educator. He day trades major currency and index markets and focuses on swing trading US equities and commodities. A qualified Market Technician, Jitan also works with trader education and brokerage companies on various projects. These include market analysis, live trading events, and broker reviews. As an experienced trader and educator, Jitan brings all his qualities in action when reviewing and recommending brokers.
At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions.