Trading Bitcoin & Ethereum via Forex Brokers: Safety Assessment

Cryptocurrency trading through traditional forex brokers has gained popularity, offering traders the convenience of managing both forex and crypto positions through a single platform. Major forex brokers now offer Bitcoin and Ethereum CFDs alongside traditional currency pairs, utilizing familiar MetaTrader terminals. This integration allows traders to apply existing forex strategies to crypto markets while maintaining one account balance. However, traders should consider key safety factors including regulatory oversight, as crypto CFDs may have different protections than spot forex. Leverage offerings on crypto pairs typically range from 2:1 to 5:1, significantly lower than forex pairs due to higher volatility. Spreads and overnight fees tend to be higher for crypto trading. While established brokers provide security advantages, traders should verify segregated fund policies and insurance coverage. The convenience of unified trading must be weighed against potentially higher costs and limited crypto selection compared to dedicated exchanges.