Best Bitwallet Brokers 2026

Bitwallet is a digital wallet that allows traders to deposit, withdraw and convert four fiat currencies and make instant payments to brokers. It is popular thanks to the convenience of transfers through its electronic wallet or API and its up-to-date security measures.

This tutorial ranks the best brokers that accept Bitwallet deposits. Our team also explain how traders can use the payment method to fund their accounts with Bitwallet brokers.

Best Bitwallet Brokers

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Our extensive tests have revealed the following 4 brokers that accept Bitwallet deposits:

Tested with a live trading account Accepts traders from Iran Your capital is at risk. Trade only with funds you can afford to lose.

1. Our top pick in Iran
   1

   Vantage

   4.7/ 5

   Visit Vantage Read review
   • Demo account
   • Regulator: FCA, ASIC, FSCA, VFSC, CIMA
   • Min. deposit: $50
2. 2

   Focus Markets

   3.6/ 5

   Visit Focus Markets Read review
   • Demo account
   • Regulator: ASIC
   • Platforms: MT5, TradeLocker
3. 3

   FXGT

   3.5/ 5

   Visit FXGT Read review
   • Demo account
   • Platforms: FXGT Trader, FXGT App, MT4, MT5
   • Min. deposit: $5
4. 4

   IFC Markets

   2.9/ 5

   Visit IFC Markets Read review
   • Demo account
   • Regulator: BVI FSC
   • Platforms: NetTradeX, MT4, MT5

Learn how we test brokers and why you can trust our ratings.

Here is a short overview of each broker's pros and cons

1. Vantage 4.7/5 Founded in 2009, Vantage offers trading on 1000+ short-term CFD products to millions of clients. You can trade Forex CFDs from 0.0 pips on the RAW account through TradingView, MT4 or MT5. Vantage is ASIC-regulated and client funds are segregated. Copy traders will also appreciate the range of social trading tools.
2. Focus Markets 3.6/5 Established in 2019, Focus Markets is an Australian-based MetaTrader and TradeLocker broker offering access to over 1,000 tradable instruments, including forex, commodities, indices, stocks, and a particularly large selection of crypto derivatives.
3. FXGT 3.5/5 Established in 2019, FXGT is an offshore broker providing CFD trading on 185+ instruments. Through MT4, MT5 and FXGT Trader (added in 2024), alongside a choice of five accounts (Mini, Standard+, ECN Zero, PRO and Optimus), FXGT caters to a broad spectrum of short-term traders.
4. IFC Markets 2.9/5 Established in 2006, IFC Markets is an STP/ECN broker that stands out with unique synthetic indices, a choice of fixed and floating spread accounts, and a smooth sign-up process that took minutes during testing.

Compare The Best Bitwallet Brokers

Compare The Best Bitwallet Brokers

Broker	Minimum Deposit	Instruments	Platforms	Leverage
Vantage	$50	CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds	ProTrader, MT4, MT5, TradingView, TradingCentral, DupliTrade	1:500
Focus Markets	$100	CFDs, Forex, Stocks, Indices, Commodities, Crypto, ETFs	MT5, TradeLocker	1:1000
FXGT	$5	CFDs, Forex, Stocks, Indices, Commodities, Crypto	FXGT Trader, FXGT App, MT4, MT5	1:5000
IFC Markets	$1	CFDs, Forex, Stocks, Indices, Commodities, Crypto, ETFs, Synthetics	NetTradeX, MT4, MT5	1:400

Community Sentiment

See how users rate these brokers based on the average customer ratings submitted on DayTrading.com, plus ratings from Trustpilot, the Apple App Store and Google Play.

Community Sentiment

Broker	Our Users' Rating	Trustpilot Score	Trustpilot Reviews	iOS App Rating	Android App Rating
Vantage	4.1 / 5	4.4 / 5	15615	3.6 / 5	3.9 / 5
Focus Markets	-	3.3 / 5	6	4.8 / 5	4.8 / 5
FXGT	3.0 / 5	4.3 / 5	1696	4.8 / 5	4.4 / 5
IFC Markets	-	3.3 / 5	566	4.3 / 5	4.8 / 5

Vantage

4.7/ 5

Visit Vantage Vantage review

Vantage remains an excellent option for CFD traders seeking a tightly-regulated broker with access to the reliable MetaTrader platforms. The fast sign-up process and $50 minimum deposit make it very straightforward to start day trading quickly.

Vantage quick facts

Demo Account

✔Yes

Instruments

CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds

Regulator

FCA, ASIC, FSCA, VFSC, CIMA

Platforms

ProTrader, MT4, MT5, TradingView, TradingCentral, DupliTrade

Minimum Deposit

$50

Minimum Trade

0.01 Lots

Account Currencies

USD, EUR, GBP, CAD, AUD, NZD, JPY, HKD, SGD, PLN

Pros

• Vantage has bolstered its algorithmic trading tools for advanced traders with AutoFibo EA identifying reversal opportunities
• The broker has made efforts to expand its suite of CFDs providing further trading opportunities
• It’s quick and easy to open a live account – taking less than 5 minutes

Cons

• The average execution speeds of 100ms to 250ms are slower than alternatives based on tests
• A steep $10,000 deposit is needed for the best trading conditions, which include the $1.50 commission per side
• It's a shame that some clients will need to register with the offshore entity, which offers less regulatory protection

Visit Vantage Vantage review

Focus Markets

3.6/ 5

Visit Focus Markets Focus Markets review

Focus Markets is perfect for experienced active traders familiar with MetaTrader 5 or TradeLocker, offering flexible crypto transactions (USDT and BTC) and access to over 90 cryptocurrencies for seamless speculation, deposits, and withdrawals.

Focus Markets quick facts

Demo Account

✔Yes

Instruments

CFDs, Forex, Stocks, Indices, Commodities, Crypto, ETFs

Regulator

ASIC

Platforms

MT5, TradeLocker

Minimum Deposit

$100

Minimum Trade

0.01 Lots

Account Currencies

USD, EUR, GBP, CAD, AUD, NZD, JPY, SGD

Pros

• It has undergone a website, account area and brand refresh with a slicker, more modern design that makes understanding its trading accounts and features easier for prospective clients and new users.
• Focus Markets’ MT5 and TradeLocker platforms delivered fast, seamless trade execution during testing with advanced charting, multiple timeframes, and useful tools like Depth of Market (DOM). The clean interfaces make navigation easy, while clear risk/reward ratios ensures precise trading.
• Focus Markets offers a huge suite of 130+ cryptos and crypto indices, providing short-term opportunities on high-reward, but high-risk assets.

Cons

• Focus Markets still has a long way to go to compete with the best brokers - with virtually zero research tools and education, plus limited value-add features like VPS hosting, copy trading and swap-free accounts.
• Regulatory protection is a location lottery at Focus Markets – Australian traders benefit from strong ASIC oversight, but those using the SVGFSA-registered entity face limited recourse options in disputes.
• It mainly supports MT5 and TradeLocker, excluding popular platforms like MT4, cTrader and the increasingly popular charting package with active traders - TradingView.

Visit Focus Markets Focus Markets review

FXGT

3.5/ 5

Visit FXGT FXGT review

FXGT, especially with its Optimus account, targets day traders seeking extremely high leverage of up to 1:5000, offering the potential for amplified profits and losses, though at the cost of robust regulatory protections.

FXGT quick facts

Demo Account

✔Yes

Instruments

CFDs, Forex, Stocks, Indices, Commodities, Crypto

Regulator

FSCA, FSA, CySEC (institutional clients), VFSC (institutional clients)

Platforms

FXGT Trader, FXGT App, MT4, MT5

Minimum Deposit

$5

Minimum Trade

0.01 Lots

Account Currencies

USD, EUR, JPY

Pros

• FXGT supports multiple platforms, including MT4, MT5, and its proprietary FXGT Trader, added in 2024, catering to different trading styles, such as MetaTrader's automated trading with Expert Advisors (EAs).
• Five account types are available to suit different trading needs, including accounts for beginner and advanced traders, plus the Optimus account, which was built for day traders and now offers the highest leverage we've seen up to 1:5000 (amplifying profit and loss).
• FXGT stands out after introducing access to over 30 popular cryptocurrencies such as Bitcoin, Ethereum, etc. This is advantageous for traders interested in diversifying into digital assets and provides an additional market to explore beyond traditional forex and stocks.

Cons

• FXGT offers a subpar selection of around 185 assets, which is limited compared to category-leading brokers like Saxo with its 72,000+ instruments. In particular, FXGT does not provide access to a wide range of stocks from international markets.
• FXGT is regulated by regional authorities like the Seychelles FSA and South Africa’s FSCA for retail clients, but still does not hold licenses from top ‘green tier’ regulators such as the UK’s FCA or Australia’s ASIC. This means that traders may not benefit from the higher investor protections, stringent oversight, and dispute resolution mechanisms.
• While FXGT offers some research, such as its market analysis section and an economic calendar, they are not as extensive as those provided by brokers like IG. Traders looking for detailed analysis, in-depth reports, or third-party research will find FXGT's resources woeful.

Visit FXGT FXGT review

IFC Markets

2.9/ 5

Visit IFC Markets IFC Markets review

IFC Markets is best suited to active traders who want flexibility, with a choice of micro and standard accounts, minimum deposits from just $1, plus the ability to blend multiple assets into a single synthetic instrument on the user-friendly NetTradeX platform – a feature we’ve not seen elsewhere.

IFC Markets quick facts

Demo Account

✔Yes

Instruments

CFDs, Forex, Stocks, Indices, Commodities, Crypto, ETFs, Synthetics

Regulator

BVI FSC

Platforms

NetTradeX, MT4, MT5

Minimum Deposit

$1

Minimum Trade

0.01 Lots

Account Currencies

USD, EUR, JPY

Pros

• The NetTradeX platform’s PCI feature lets you build your own synthetic instruments – a truly standout feature enabling you to trade complex macro views or hedged positions as a single chartable asset.
• We’ve seen meaningful improvements over time, including the addition of a Standard ECN account on MT5 and expanded synthetic instruments on NetTradeX, showing IFC Markets is evolving to better serve active traders.
• With leverage up to 1:400 and $1 account minimums, IFC Markets offers easy entry for beginners and high-leverage traders. Unlike brokers under stricter ESMA or ASIC rules, its offshore regulation allows more flexible margin and account options.

Cons

• There is a notable lack of third-party technical analysis tools and news feeds from providers like Trading Central, Autochartist, Reuters, or Dow Jones, relying solely on in-house research, which do not match the depth or automation of these external services.
• With 10+ account types across 3 platforms, it’s hard to know what suits you initially, potentially confusing beginners. During setup, we had to cross-check multiple account specs to avoid mismatches.
• We found the NetTradeX app clunky and visually dated, despite offering advanced features. It lacks the usability of the best day trading apps, such as AvaTrade.

Visit IFC Markets IFC Markets review

How Did We Choose The Best Bitwallet Brokers?

To identify the top Bitwallet brokers we:

What Is Bitwallet?

Bitwallet is an online payment solutions company founded in 2012 that serves individual clients, merchants and businesses with its digital wallet and credit card payment products.

Retail traders who want to use this payment method will open and fund a digital wallet account, and merchants or brokers that accept Bitwallet deposits can integrate the company’s API to accept seamless transfers.

Today, the firm mainly serves clients from Asian regions near its headquarters in Singapore, but it accepts users from all over the world. Judging by the number of Bitwallet brokers and businesses, it has gained significant traction in the online payment sector.

Importantly, the brand should not be confused with the US crypto payments company with the same name – and note that Bitwallet of Singapore has not integrated any crypto payments into its platform.

How It Works

Like most e-wallets, Bitwallet is quick, straightforward and intuitive so traders should have no problem funding their online brokerage accounts.

Since this company offers merchants an integrated API as well as a credit card processing product, all traders need to do is open and fund their accounts and they should be able to seamlessly transact with any broker that accepts Bitwallet deposits.

Account holders have a choice of four currencies – Euros, US Dollars, Australian Dollars and Japanese Yen – and they can convert between these currencies directly through their digital wallet.

Our experts found this to be a useful feature though the rate we were offered was not particularly competitive. A specialist service like TransferWise could be more economical.

Another useful feature is the ability to send remittances to other account holders using the company’s OneCoin payment solution, which charges the sender a flat fee of 1 USD, 1 EUR, 100 JPY or 1 AUD per transfer. We found this to be a useful and affordable addition to the brand’s offering that will attract traders who need to make cross-border transfers.

Accounts

To open a Bitwallet account, navigate to the official homepage and click ‘create account’. Simply entering your email address and country of residence is enough to open a trial account, though this cannot be used to make any transactions.

The rest of the registration process involves entering more detailed information and submitting documentation, and the whole process can be completed in as little as 30 minutes.

Providing the necessary ID verification documents and making a sufficient volume of transactions on the service will unlock the Basic, Pro and Unlimited tiers:

• Basic – Provide ID selfie verification and proof of address and activate two-factor authentication to unlock the basic account tier. This allows a maximum of $25,000 worth of transactions at the basic rate.
• Pro – Making at least 10 transactions in a year to a total value of $10,000 or more will activate the second tier, which offers a 25% discount on fees on transfers up to a maximum limit of $50,000 per month.
• Unlimited – Access the unlimited account by completing at least 30 transactions in a year worth $30,000 or more, also unlocking a 50% discount on fees.

Funding Methods

You can add funds to your Bitwallet account with either a debit/credit card or through a bank transfer.

For fast payments, we recommend card transactions which process within minutes. Bank transfers will usually take longer.

Transaction Times

As an e-wallet, it provides real-time transactions that should process nearly instantly. This means you can expect deposits to land in a Bitwallet brokerage account very quickly, though withdrawals will often take longer due to processing timelines at trading brokers.

Check with the specific Bitwallet broker for more information on deposit and withdrawal times.

Withdrawing funds from Bitwallet to your bank account should take less than one business day.

Fees

Bitwallet’s fees depend on the type of transaction. However, our experts found the fees to be on the high side and felt there are more affordable payment methods out there.

The good news is that bank transfer deposits are completely free and there is no subscription, account maintenance or any other secondary charges.

The bad news is that card deposits from a basic account will be subject to a high 8% charge.

Withdrawals will also be hit with a charge amounting to 10 USD, 10 EUR, 10 AUD or 1000 JPY depending on the currency withdrawn.

Finally, each use of the OneCoin payment transfer feature will incur a 1 USD, 1 EUR, 1 AUD or 100 JPY charge.

While holders of a premium or limitless account will receive 25% and 50% discounts, respectively, even 4% is high for a card deposit.

Moreover, the exchange rate offered to switch between currencies is also steep.

Security

We were impressed by the security measures implemented by Bitwallet and the care the company takes to lay these out in detail.

Security measures include:

• Segregated client funds
• High-level encryption with SSL and SSL-VPN certificates
• Firewall network security
• IP Anycast system to protect from DDoS attacks
• Database encryption
• Network intrusion detection system
• Strong client-focussed security features including 2-factor authentication, IP whitelisting and monitoring login history
• Withdrawal bank account confirmation

Pros Of Bitwallet For Online Trading

• Real-time transfers allow for faster access to online trading
• API makes it easy to transact with brokers that accept Bitwallet deposits
• Reasonably priced OneCoin feature
• Four base currencies
• Good security

Cons Of Bitwallet For Online Trading

• No cryptocurrency support
• Expensive card deposits and other charges
• Cheaper currency conversion is available elsewhere
• A relatively limited number of brokers accept Bitwallet
• Unlocking higher tiers and cheaper rates requires a large number of transactions so will only suit high-volume traders

How To Deposit Using Bitwallet

The process for making deposits and withdrawals may vary between different brokers that accept Bitwallet, but will usually follow the same basic steps.

Below are specific steps that you would need to follow at DNA Markets, for example:

Making A Deposit

1. Navigate to the Deposits & Withdrawals page from your dashboard
2. Select ‘Bitwallet’ from the list of deposit options and enter the amount
3. Enter your details in the pop-up window to activate your Bitwallet account
4. Confirm the payment

Most of the time, making a withdrawal from a broker that supports Bitwallet transfers will follow similar steps to your deposit.

Check your Bitwallet broker’s website for withdrawal processing times as these are sometimes significantly longer than deposits.

Is Bitwallet Good For Day Trading?

All in all, Bitwallet is a slick and reliable service offering speedy transactions for traders who use USD, AUD, JPY or EUR.

The fees are on the high side, and traders will need to make a significant amount of transactions to access the higher tier (and cheaper) accounts, but nevertheless, this payment method has several advantages and is worth considering. There is also a reasonable list of respected brokers that accept Bitwallet deposits.

FAQs

Is It Safe To Deposit To A Trading Broker With Bitwallet?

Bitwallet is a well-known brand that uses some impressive security features, including high-quality encryption and client fund segregation. This means it should be a relatively safe payment method, provided that you are careful with your personal details. With that said, always ensure you are transacting with a broker you can trust.

Does Bitwallet Facilitate Crypto Payments To Trading Brokers?

The Singapore payment solution company Bitwallet does not accept or facilitate any payments in cryptocurrencies at all. There is a US company, BitWallet, that specializes in this type of payment, so be sure to check that you have the right company when you sign up.

Is Bitwallet A Legitimate Payment Method For Online Trading?

Bitwallet is a legitimate e-wallet payment method that has been in business since 2012 and employs some strong security measures. You should be able to quickly, safely and easily make deposits and withdrawals to and from a Bitwallet broker’s account using this service.

Which Brokers Accept Bitwallet?

Bitwallet is not the most widely accepted payment method, but its coverage is not bad by any means. The best Bitwallet brokers include PU Prime.

Are Deposits To Bitwallet Brokers Cheap?

Bitwallet’s card deposits are high at 8% for the basic account type, and the $10 or equivalent charge for withdrawals can be quite constricting, particularly if your Bitwallet broker also charges a withdrawal fee. Fortunately, it doesn’t cost anything to deposit to your Bitwallet e-wallet using a bank transfer.