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3 Best Forex Brokers Accepting USDT for 2024

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.

By:
Jitan Solanki
Reviewed By:
Ola Alder
Updated: Jul 21, 2024

List of Top Brokers Accepting USDT

26,000+ tradable instruments. MT4, MT5, cTrader, TradingView platforms. Free VPS hosting. ECN pricing and execution.

Feature-rich web platform and mobile app. Extensive educational materials. Regularly updated market research. 30+ crypto CFDs.

20 million+ strong social trading community. Easy copy trading tools. 3,500+ tradable instruments. Ready-made investment portfolios.

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

Fx Methodology at a Glance

  • 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.

Best Overall

Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money you cannot afford to lose. You should make yourself aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any questions or concerns as to how a loss would affect your lifestyle.
  • Min Deposit
    $0
  • Tradable Instruments
    26121
  • Fees
    Medium

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:

  • Minimum Deposit/Withdrawal: 25 USDT
  • Deposit Time: Instant
  • Withdrawal Time: 1–2 business days
  • Fees: $0 broker fee + network fee

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.

Pros
  • Large selection of instruments
  • Wide variety of trading platforms
  • ECN trading accounts
  • 24/7 customer support
Cons
  • Overnight swap fees are higher than the industry average

Best Trading Platform

4.3
Forex margin trading involves substantial risks.
  • Min Deposit
    $25
  • Tradable Instruments
    230
  • Fees
    Low

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:

  • Minimum Deposit/Withdrawal: 50 USDT
  • Deposit Time: 3–30 minutes
  • Withdrawal Time: 1–4 hours
  • Fees: $0 broker fee + network fee

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.

Pros
  • Charts powered by TradingView
  • Built-in 24/7 customer support
  • Copy trading solutions
  • Comprehensive research and education
Cons
  • Unregulated entities offer low protection

Best for Copy and Social Trading

51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
  • Min Deposit
    $100
  • Tradable Instruments
    6030
  • Fees
    High

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:

  • Minimum Deposit/Withdrawal: 50 USDT
  • Deposit Time: Instant
  • Withdrawal Time: Instant
  • Fees: 2% coin transfer fee (max. $100)

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.

Pros
  • 3,500+ instruments
  • Feature-rich proprietary platform
  • One-click copy trading
  • Diverse social trading options
Cons
  • Scalping not permitted

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.

Get to Know Our Authors

Dan BlystoneBroker Analyst

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 SolankiBroker Analyst

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.

Plamen StoyanovBroker Analyst

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.

Vladimir ZernovBroker Analyst

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.

USDT, or Tether, is a stablecoin cryptocurrency pegged to the value of the US dollar, designed to maintain a 1:1 value ratio. It provides a stable digital asset for trading and transactions, reducing volatility compared to other cryptocurrencies.
Most brokers don’t charge a fee for USDT payments. However, you may encounter network and gas fees associated with processing the transaction on the blockchain. The broker may also charge a conversion fee to convert USDT into a fiat currency for trading.
USDT payments in forex trading offer stability, as USDT is pegged to the US dollar, reducing volatility. They also provide faster transactions and lower fees compared to traditional banking methods. Additionally, USDT allows traders from regions with banking restrictions to participate in forex trading, ensuring transparency and security through blockchain technology.
Yes, using USDT to deposit and withdraw funds to a forex account is generally safe, as it benefits from blockchain technology's transparency and security. However, it's crucial to ensure that the broker is reputable and regulated to protect against potential risks.
Limits for USDT transactions vary widely among brokers. Some do not place any limits, while others may cap transactions at $100,000.
Most brokers will process USDT deposits instantly and withdrawals within a day. However, the transaction time on the blockchain network can vary widely from minutes to hours.
Most brokers accepting USDT payments will allow you to convert it to another fiat currency. This is because most trading accounts can only be traded in a fiat currency.
USDT is used in the US. Its peg to the US dollar makes it a go-to stablecoin to transfer funds between different parties and crypto exchanges.

About the Author

Jitan SolankiBroker Analyst

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.

Why you can trust FX Empire

At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions.

Why you can trust FX Empire

FXEmpire was founded in 2011, making us one of the first forex broker review sites. You can trust FXEmpire because of our thorough and unbiased review process. With over a decade of experience, we have a team of industry experts who conduct rigorous tests to ensure our reviews are accurate and unbiased. Our reviews are designed to bring clarity and confidence to the process of choosing a broker, and are based on objective criteria and measurable data. Our editorial team is composed of trading industry professionals and seasoned financial journalists, who ensure that our reviews are accurate and unbiased. Additionally, our review system is based on 9 core categories and over 250 distinct variables, which ensures that all aspects of a broker are considered before giving a final rating. So, you can trust FXEmpire to provide you with honest and informative reviews that will help you make an informed decision on which broker will best enable you to reach your financial goals.