In recent years, a growing number of forex brokers have started accepting cryptocurrencies, including stablecoins like Tether (USDT), as a method for deposits and withdrawals. While this offers convenience, it's important to note that due to regulatory challenges, many brokers accepting USDT operate through offshore entities where regulations may be less strict compared to jurisdictions like the EU, the US, the UK, Australia, or Cyprus.
USDT, like other cryptocurrencies, can be transferred easily between digital wallets. Its key advantage lies in its 1:1 peg to the US Dollar, making it a convenient option for traders looking to fund their accounts in USD. Tether primarily operates as an ERC20 token on the Ethereum blockchain but can also be transferred via other networks such as TRC20 and BEP20.
XM Group
Established in 2009, XM Group is regulated by multiple financial authorities worldwide and is renowned for its low commissions and tight spreads. It is considered a next-generation broker for online forex and CFD trading, catering to both beginners and experienced traders. With over 1,400 tradable financial instruments, all accessible on the popular MT4 and MT5 platforms, XM offers a robust trading environment. Traders can choose from over 50 forex pairs and several popular cryptocurrency CFDs.
The award-winning MT4 platform supports stop-loss, limit, market, and trailing orders, while the newer MT5 offers a multi-asset suite allowing access to stocks, indices, and more. Both platforms are available on mobile devices, enabling traders to access the markets anytime, anywhere. Investors also benefit from free VPS services to enhance trading speed, accessible 24/7 from anywhere in the world.
Spreads vary based on account type, with options including Micro, Standard, Zero, and Shares accounts. The average spread for major pairs like EUR/USD starts as low as 0.1 pips. XM maintains a strict no-hidden-fees policy, charging commissions only on Zero accounts. Additionally, the broker covers all transfer fees and guarantees same-day withdrawals.
Leverage limits depend on the financial instrument, and traders can manage their leverage risk. Margin requirements remain consistent throughout the trading week, with no increases on weekends or evenings. The mobile app supports login via fingerprint and offers full functionality for monitoring and executing trades on the go.
Pros:
- Excellent research content, including podcasts, daily videos, and well-organized articles
 - Very low trading fees with no deposit/withdrawal charges
 - Over 30 cryptocurrency CFDs available
 - Comprehensive forex training materials and webinars
 - Abundant promotions and bonus opportunities
 
Cons:
- A $5 monthly inactivity fee is charged after 90 days of no trading
 - Limited diversity among account types reduces personalized feel
 - Customer support is available only on weekdays
 
TMGM
TMGM is a prominent online broker offering thousands of financial instruments, including forex, metals, indices, energy, commodities, stocks, and cryptocurrencies, accessible via MT4, MT5, Iress, and HubX trading platforms. Trading conditions are attractive, with low spreads, minimal fees, deep liquidity, enhanced execution speed, and a low minimum deposit of $100.
The broker employs an ECN execution model with industry-leading leverage. A highly professional and independent technical team allows traders to choose from different account types to meet personalized needs. Through optimized trading conditions, traders benefit from tight spreads and lightning-fast execution, supported by top-tier liquidity providers and advanced Equinix data centers.
TMGM fosters a perfect environment for automated trading systems (EAs), allowing hedging, scalping, and news trading without requotes or minimum stop-loss distance restrictions. While the broker accepts investors from various regions, it does not serve residents of the US, Iran, Japan, or North Korea.
The MT4 platform offers extensive tools for market analysis, while MT5 builds on its predecessor with advanced features like market depth pricing, additional order types, and a multi-currency strategy tester.
Pros:
- Allows hedging, scalping, and news trading without requotes
 - Advanced MT4, Iress, and HubX trading platforms
 - Low trading fees with spreads starting from 0 pips
 - Free VPS and access to TMGM Academy
 - Extremely fast trade execution
 
Cons:
- Does not accept US clients due to regulatory restrictions
 - Limited research and educational tools
 - No 24/7 customer support
 
HFM
HFM, a unified brand name under HF Markets Group, is a popular online forex broker holding licenses from multiple authoritative regulators. It offers various account types, all providing commission-free trading on forex pairs. To ensure high fund security, the broker participates in financial services compensation schemes, keeps client funds in segregated bank accounts, and offers additional civil liability insurance and negative balance protection.
Deposit and withdrawal methods are diverse, including credit/debit cards, bank wire transfers, China UnionPay, and e-wallets like Skrill and Neteller. Processing times and fees vary, with most deposits being free and processed within 10 minutes to two business days. Withdrawals are typically processed within 24 hours on weekdays.
Traders can use the globally recognized MT4 or MT5 platforms, which offer multiple timeframes, multi-chart viewing, rich technical indicators, and one-click trading. The mobile app, though a simplified version of the desktop platform, is highly functional. Additionally, traders can access HFM’s proprietary application for unique advantages.
HFM provides financial products suitable for both beginners and advanced investors, with attractive trading costs, responsive customer service, and useful tools like exclusive news, trading calculators, economic calendars, and correlation matrices. The detailed online education center helps new investors get started confidently.
Pros:
- Traders can earn up to 3% interest on unused margin through the Free Margin Returns program
 - One-click trading, automated trading, copy trading, and PAMM accounts are available
 - Regulated by multiple financial institutions for security
 - Advanced MetaTrader tools and indicators
 - Attractive promotions and bonuses
 
Cons:
- Does not serve US or Canadian clients
 - Trading platforms are limited to MetaTrader
 - Customer service is available only on weekdays
 
IC Markets
Headquartered in Sydney, Australia, IC Markets operates as a no-dealing-desk ECN broker and has established itself as a leading retail forex trading firm globally. It caters to both beginners and professionals, supported by a robust Equinix NY4 data center processing over 500,000 trades daily, making it ideal for high-volume, algorithmic, and scalping strategies.
The broker not only offers top-tier technological solutions but also emphasizes quality customer service. Its support team has extensive experience in the forex industry, addressing traders’ needs accurately. Free educational materials, including regular technical analysis, video tutorials, and informational tools, keep traders informed about market trends.
Beyond advanced execution and technical optimization, IC Markets provides premium software options. MetaTrader 4 and cTrader are among the best platforms available, offering access to an ECN environment. MetaTrader 5 is also available with improved features.
For those interested in partnership, MAM and PAMM systems offer flexible tools, while FIX API provides significant profit opportunities for large-volume traders. VPS services enable various automated trading strategies, elevating the overall trading experience.
Pros:
- Raw spread accounts with institutional-grade liquidity, ideal for scalping
 - MetaTrader and cTrader accessible on desktop, mobile, and web browsers
 - Competitive pricing across all account types with low average spreads
 - Impressive educational materials and video library
 - Zero-commission trading conditions
 
Cons:
- Beginner traders may feel overwhelmed by platform choices
 - No negative balance protection
 - No price alerts
 
FxPro
FxPro is one of the most well-known NDD forex brokers, having won numerous awards over the years for execution quality, technological innovation, and platform functionality. Significant investments in technology allow traders to utilize automated strategies like cTrader Algo, VPS, and FIX API. A wide range of asset classes enables diversified cross-asset portfolios.
While FxPro’s sponsorships of Formula 1 teams and other events may seem like marketing tactics, they underscore the broker’s credibility. FxPro advocates for transparency and ethical practices in the trading industry, operating as a true no-dealing-desk broker executing client orders without intervention.
The cTrader platform is highly recommended, especially for those lacking MT4 coding solutions. It offers the best trading conditions with raw spreads, full functionality for automated trading, and superior analytical tools compared to standard MT4/MT5 solutions.
Pros:
- True NDD forex broker with excellent market access and precise quote execution
 - Rich selection of trading platforms: MT4, MT5, cTrader, Edge
 - Educational programs tailored for beginners and advanced investors
 - Free trading signals and research tools
 - Negative balance protection
 
Cons:
- Multiple verification steps required for account opening
 - Regulatory obligations vary by entity
 - No 24/7 customer support
 
easyMarkets
Established in 2001, easyMarkets is regulated in multiple Tier 1 and 2 jurisdictions, making it a safe choice for CFD and forex trading. Known for its user-friendly platform, low margin rates, unique deal cancellation feature, and transparent fee structure, it is particularly suitable for beginners.
Traders can choose from three platforms: a proprietary HTML5-based web platform, MT4, and MT5. The proprietary platform is lightweight and modern, focusing on ease of use, while MT4/MT5 cater to more advanced needs. The dedicated mobile app mirrors the web platform’s design and functionality.
Trading costs vary by account type but are generally low. Leverage depends on the instrument, account type, and geographic location, with EU investors typically offered 1:30 for major pairs and 1:20 for minors. Deposit and withdrawal methods are diverse, with no fees incurred.
Pros:
- Trusted forex dealer with over 20 years of operation
 - Browser-based guaranteed stop-loss feature
 - Forex standard options trading for risk hedging
 - Supports China UnionPay and cryptocurrencies for deposits/withdrawals
 - Low fixed spreads with no trading commissions
 
Cons:
- No desktop version for the proprietary platform
 - No forex VPS or trading calculators
 - Hedging arbitrage trading not supported
 
Doo Prime
Doo Prime is an innovative financial services provider with offices in Hong Kong, Taipei, Singapore, and other global locations. It offers top-tier liquidity solutions to retail and professional investors, ensuring fast execution at the lowest market rates.
The broker provides professional ECN accounts, offering institutional-grade trading conditions even to standard account holders. Through Doo Clearing, which serves 50 international securities firms, ECN accounts deliver efficient profit structures.
Traders can access over 200 global markets via MT4 and MT5, with features including VPS, market watch, MAM/PAMM systems, FIX API, and trading signals. Deposits and withdrawals are free, with options like debit/credit cards, bank transfers, China UnionPay, cryptocurrencies, and e-wallets.
High leverage allows traders to amplify positions, capturing opportunities in rising or falling markets. The broker offers competitive spreads below industry averages with no additional commissions.
Pros:
- Low overall trading costs with no fees or commissions
 - Flexible and user-friendly trading platforms
 - Ultra-fast execution, matching up to 1,300 orders per second
 - Supports high-frequency scalping
 - A range of useful trading tools
 
Cons:
- Does not accept clients from the US, Canada, Malaysia, Indonesia, Singapore, Japan, Myanmar, Hong Kong, or Taiwan
 - Customer support may not be available 24/7
 - Limited research and educational materials
 - Binary options trading not available
 
ACY Securities
As part of the ACY Capital Group, ACY Securities is a rapidly growing multi-asset online brokerage offering technologically advanced, affordable, and well-supported services. Since moving its headquarters to Sydney, Australia, in 2014, the company has focused on developing industry-leading trading technologies to help investors succeed.
The broker has won numerous awards, reduced spreads by nearly 40%, and introduced the Cloud Hub backend. With servers ensuring ultra-fast order execution and liquidity from 16 global banks, ACY Securities processes over 10,000 quote updates per minute.
Three account types cater to different experience levels and trading styles. Traders can access forex, precious metals, indices, commodities, stocks, ETFs, and cryptocurrencies. The broker emphasizes high standards, compliance, and security, providing a seamless trading experience.
Customer support is available 24/5 via phone, email, social media, or website messaging. Educational resources include forex e-books, webinars, and online seminars. Research tools help traders stay updated on market trends.
Pros:
- Regulated by ASIC; client funds held in segregated bank accounts
 - Competitive commissions and spreads with low overall trading costs
 - Excellent 24/5 customer support with dedicated account managers
 - Multiple deposit/withdrawal methods, including China UnionPay
 - Forex ECN and commission-free accounts available
 - Detailed educational and research tools
 
Cons:
- Only CFD trading offered
 - Does not accept US clients
 - Limited market analysis
 
FBS
FBS is an international brokerage with a presence in 150 countries, serving 17 million traders and 410,000 partners. It offers seminars, training materials, and advanced trading technologies to benefit both novice and professional investors.
The broker values multiculturalism, providing swap-free accounts for Muslim traders in compliance with Islamic principles. FBS is recognized for its reliability, making forex trading accessible and comfortable.
Trading with FBS is straightforward and potentially profitable, with ideal trading conditions and attractive promotions. The broker offers ultra-low spreads, sourcing quotes from top providers to ensure the best terms. Most account types charge via spreads, with commissions only for Zero Spread and ECN accounts.
Regular market updates, daily analysis, forex TV, and VIP insights keep traders informed. An analyst team provides tips and strategies from Monday to Friday, delivering reports directly to clients’ inboxes.
Pros:
- Multiple account types and trading tools
 - Trading commissions included in spreads
 - Welcome bonus for new users
 - Various educational materials
 - Negative balance protection
 
Cons:
- Limited account options for EU investors
 - Does not serve clients from the US, UK, Japan, Israel, or Canada
 - No PAMM trading accounts
 
Just2Trade
Just2Trade is an excellent international investment firm providing direct access to global stock and currency markets. Its team delivers high service levels, ensuring a great trading experience and a wide range of investment services, including brokerage, portfolio management, investment advisory, forex services, and research.
A key advantage is the vast selection of financial assets, encompassing forex, CFDs, exchange-traded stocks, options, futures, over 30,000 securities, 500 ETFs, commodities, indices, currencies, bonds, cryptocurrencies, and even IPOs.
The broker offers multiple trading platforms, including MT4, MT5, CQG, ROX, and the proprietary J2TX for crypto trading. CQG caters specifically to options and futures trading via international exchanges.
PAMM accounts allow investors to follow strategies without trading themselves, while managers can generate additional income. The minimum requirement is $100, with users paying commissions only for results.
Pros:
- Options trading across European, Asian, US, and other exchanges
 - Many useful third-party applications supplement existing tools
 - Modern infrastructure enhancing order execution speed
 - Up to $2,000 deposit bonus
 - Asset management services available
 
Cons:
- Default leverage for retail clients is only 1:50; professionals qualify for 1:500
 - Lacks traditional analysis tools and stock/bond screeners
 - Most deposit/withdrawal methods are not free
 - Cryptocurrencies available only in Asia
 
InstaForex
InstaForex is a large brokerage primarily managed by a Russian team but regulated by European authorities like the UK and Cyprus, with additional registrations in offshore jurisdictions. It offers leverage up to 1:1000 for entities outside Europe, which also accept European traders.
A unique feature is the forex copy-trading system, allowing inexperienced traders to automatically replicate successful strategies. The InstaForex TV video library interviews leading experts, providing inspiration and market insights.
Financial instruments include over 100 currency pairs, far exceeding most competitors, and binary options via the InstaBinary web platform. Trading with InstaForex is secure and potentially profitable, with various deposit bonuses, lotteries for deposits above $1,000, and regular competitions for all skill levels.
Pros:
- Client deposits segregated from company funds
 - Passive income possible through copy trading and PAMM systems
 - Updated market analysis and trading competitions
 - Deposit bonuses ranging from 30% to 100% of top-up amount
 - Wide range of tradable assets
 
Cons:
- European traders cannot access certain promotions
 - Limited educational resources on the website
 - Unreliable customer support response times
 - Withdrawals are not free
 
TopFX
TopFX, initially a liquidity provider, now offers brokerage services directly to traders. Since its inception, it has provided competitive asset selections, upgraded MT4, and cTrader platforms. Pricing remains among the best in the industry for both commission-free and commission-based accounts, making it an excellent choice for automated and copy trading via cTrader.
A partnership with Equinix ensures optimal execution quality and low latency. The LD5 data center provides uninterrupted price feeds without downtime or spikes. A proprietary cashier system integrated with multiple payment providers ensures high transaction success rates.
Tradable assets include forex pairs, cryptocurrencies, commodities, stocks, indices, and ETFs. All orders are executed automatically at the best available prices without intervention. TopFX’s execution model emphasizes a fair trading environment, protecting clients from slippage, requotes, or price manipulation.
With over a decade of experience in liquidity provision, TopFX offers transparent quotes, tight spreads, and reliable order execution. All account types provide institutional-grade conditions. Multiple deposit/withdrawal methods are available, with negative balance protection and no deposit fees. Client funds are held in segregated accounts at reputable banks.
Pros:
- Autochartist integration within cTrader
 - Curated research tools for comprehensive market analysis
 - Trading Central and Autochartist for trading signals
 - Zero spread accounts for day traders and scalpers
 - Unique copy trading platform
 
Cons:
- No published average spread data for trading cost evaluation
 - Only two free withdrawals per month
 - Lacks useful market research
 - No MT5 trading platform
 
Frequently Asked Questions
What is USDT and why is it used in forex trading?
USDT (Tether) is a stablecoin pegged 1:1 to the US Dollar. It is used in forex trading for its stability, ease of transfer, and convenience in funding trading accounts without converting to traditional currencies.
Are brokers accepting USDT regulated?
Many brokers accepting USDT are regulated, but often through offshore entities where regulations may differ from major jurisdictions. It's important to verify a broker’s regulatory status before trading.
What are the advantages of using USDT for deposits?
Advantages include fast transaction times, lower fees compared to bank transfers, and the ability to maintain value parity with the US Dollar, reducing exposure to currency fluctuations.
Can I withdraw USDT from my trading account?
Yes, most brokers allow withdrawals in USDT, though processing times and fees may vary. Always check the broker’s withdrawal policies beforehand.
Is trading with USDT safe?
While USDT offers convenience, its safety depends on the broker’s security measures and the stability of Tether Ltd. Choose brokers with strong reputations and regulatory oversight.
Do all forex brokers accept USDT?
No, not all brokers accept USDT. It is more common among brokers with crypto-friendly policies or those operating in less regulated jurisdictions.
Whether you're a beginner or an experienced trader, selecting a broker that accepts USDT can streamline your funding process and enhance your trading efficiency. 👉 Explore advanced trading platforms to find the right fit for your strategy.