3 Best Forex Brokers Accepting USDT for 2024

List of Top Brokers Accepting USDT

How did FXEmpire select the best forex brokers that accept USDT?

• We selected crypto-friendly brokers that support deposits and withdrawals in crypto.
• We ensured that USDT payment options were available, with fast transaction times and low fees.
• We explored the brokers’ tradable instruments to ensure a wide variety of assets are available for trading, including cryptocurrencies.
• We opened live trading accounts to examine the brokers’ live trading fees and their competitiveness against the industry average.
• We tested each broker’s trading platform to determine its user-friendliness, ease of use, and a number of helpful trading features.
• We verified each broker’s regulatory license to ensure they are authorized to provide financial trading services in their regions.

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.

How to choose a broker that accepts USDT payments?

Here is a quick guide on choosing a broker accepting USDT payments.

How is the broker regulated?

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 include well-known financial authorities such as the UK Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), and others.
• Tier-2 regulators, though less renowned, uphold rigorous standards; examples include the Dubai Financial Services Authority (DFSA) and the Financial Markets Authority of New Zealand (FMA).
• Tier-3 regulators are typically located in offshore jurisdictions, such as the Vanuatu Financial Services Commission (VFSC) and the Securities Commission of the Bahamas (SCB).

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.

What fees to consider when choosing a USDT broker?

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:

• Spread: The difference between buy and sell prices. See our guides on the best zero spread and best lowest spread forex brokers.
• Commission: Charges for executing buy or sell orders.
• Overnight/Swaps: Fees linked to maintaining leveraged or margined positions overnight. Find the list of the lowest swap brokers in our detailed guide.
• Payments: Charges related to deposits and withdrawals.
• Inactivity: Fees imposed when there’s no activity within an account.
• Conversion: Converting USDT coins to fiat currency for trading may result in a foreign exchange conversion fee.

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.

How to choose the best account type?

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.

• A commission-free account doesn’t impose charges for buying or selling, but the broker marks up the spread, leading to wider spreads.
• A commission-based account applies a fee for buying or selling but no or very little markup on the spread, resulting in narrower spreads.

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.

What is leverage, and how does it work?

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.

How to choose a suitable forex trading platform?

Brokers offer a variety of trading platforms. Some of the most common include:

• MetaTrader 4 offers a reliable platform featuring real-time charts, advanced order tickets, diverse timeframes, integrated technical analysis indicators, and drawing tools. Explore Best MT4 brokers.
• MetaTrader 5 represents an upgraded version of MT4, providing a broader range of execution styles, order types, timeframes, and indicators. Discover Best MT5 brokers.
• cTrader, designed for high-frequency trading and scalpers, is a platform tailored specifically for algorithmic traders. Read more about Best cTrader forex brokers.
• TradingView is a web-based social trading platform equipped with advanced charting and research features spanning global asset classes. Check out our picks of Best TradingView forex brokers.
• NinjaTrader is a platform designed exclusively for futures trading and offers a fully customizable setup.
• In-House Proprietary Software: Some brokers create their own custom platforms, incorporating additional features that are different from third-party platforms.

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.

What to avoid when choosing a broker that accepts USDT?

It’s essential to steer clear of these factors when choosing a forex broker accepting USDT payments:

• Unregulated Brokers: Trading with unregulated brokers carries significant risks. In the event of fraudulent activities or fund misappropriation by the broker, there are no safeguards to recover your capital.
• Lack of Transparency: Difficulty in discerning a broker’s regulatory status, trading fees, and terms indicates a lack of transparency. Such opacity serves as a warning sign that the broker may be withholding crucial information.
• Absence of Physical Presence: Brokers lacking a physical office and workforce in reputable financial regions raise concerns. A reputable broker typically maintains offices in well-established financial hubs and employs a sizable workforce to manage its operations.
• Unrealistic Profit Promises: Brokers who exaggerate their promises of substantial profits are likely not genuine and may operate without proper regulation. It’s advisable to avoid such brokers.

How to avoid forex and CFD scams?

Regrettably, the forex and CFD industry is saturated with scams. Here are some guidelines to steer clear of such fraudulent activities:

• Trade exclusively with regulated brokers and verify their licenses on the official regulator’s website.
• Confirm that the broker operates from a physical office within a jurisdiction governed by a robust and credible regulatory framework.
• Ensure access to live customer support to promptly address any concerns or issues.
• Perform due diligence by scrutinizing online news articles and broker reviews.
• Utilize only payment methods for deposits and withdrawals that you know and trust.
• Carefully review the broker’s terms and conditions before committing to any agreements or commitments.

Our Methodology

Utilizing our in-house rating system, we analyze brokers across nine core categories, scrutinizing 250 data points covering:

• Trustworthiness: We verify the licenses of each broker with the regulator in the jurisdiction they operate in.
• Fees: We open a live trading account to view the broker’s trading fees and test them to the industry average.
• Trading platform and tools: We test the features and user-friendliness of each trading platform.
• Tradable instruments: We examine the number of tradable instruments to ensure there is a diverse range of markets available.
• Customer support: We interact with the customer support team to test their knowledge and helpfulness.
• Payment methods: We explore the different deposit and withdrawal methods to identify their fees and processing times.
• Account types: We examine each account type and check for execution methods, minimum deposits, and other available features.
• Research and education: We assess the quality of the broker’s research and educational materials.

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.

Meet Our Writers

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.

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• Best Forex Brokers for Beginners
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