Best Forex Brokers Accepting Tether (USDT)

One of the reasons why a trader might choose a broker to trade with is the convenience provided by the broker. As brokers handle people’s money, convenience in deposit and withdrawal is a top priority. Today, hundreds of thousands of people prefer cryptocurrency payments due to their convenience. More specifically, the stablecoin Tether (USDT) is a top priority for people who prefer crypto payments.

In this research article, we are going to be looking at some of the best brokers accepting Tether. To determine the quality of their services, we are going to focus on four key areas. These include the company’s regulatory status, the market instruments available for investors to trade, the spreads offered, and the trading platform availed by the broker. 

What is Tether/USDT?

Tether is a digital currency that was launched in 2014 in an attempt to facilitate fiat currency usage on the blockchain. Notably, every Tether coin’s value is pegged to the dollar in a 1:1 ratio. This means that every single coin is as valuable as the dollar. This introduces traditional fiat currency accounting and some stability to the blockchain. 

Further, Tether tokens exist in different versions depending on the blockchain they are built on. The various blockchains Tether tokens exist on include Algorand, BNB Chain, Ethereum, Tron, and Solana, among others. Depending on the underlying blockchain, the Tether tokens will have different symbols to annotate the blockchain they run on. For example, Ethereum Tether tokens exist as USDT (ERC20) tokens, Tron as USDT (TRC20) tokens, and BNB Chain as USDT (BEP20) tokens.

FP Markets

FP Markets supports a plethora of funding methods that traders can choose depending on their preferences. Among the many payment options, traders can use crypto payments powered by LetKnowPay, Finrax, B2Binpay, and Coinspaid. Better yet, Tether (USDT) is accepted by FP Markets as one of the cryptocurrencies traders can use to deposit funds. On FP Markets, Tether is accepted as an ERC20 coin, a TRC20 coin, and as a BEP20 coin. Depending on the payment method, the deposit can take up to 1 business day to reflect on a trader’s account. 

After making a deposit using USDT, traders have access to a variety of market instruments. They can trade CFDs on forex, shares, metals, commodities, indices, ETFs, and cryptocurrencies. In total, there are over 10,000 different instruments allowing traders to considerably diversify their portfolios. The lineup of trading platforms provided are some of the best in the market. These include two depth-of-the-market platforms - MetaTrader 5 and cTrader alongside MetaTrader 4 and TradingView. 

What’s more, the broker offers traders some of the lowest spreads when investing. There are two main trading accounts for traders to choose from. These include the standard account and the raw account. The standard account features spreads that start as low as 1.0 pips with no commission required. In comparison, the raw account features spreads as low as 0.0 pips with a low commission of $3 per side per lot.

As always, we must highlight the regulatory status of this broker. Luckily, it has regulations from two of the best financial overseers in the market. These include the CySEC in Cyprus and the ASIC in Australia. It also has regulations from other organizations which include FSCA and the FSA.

70.25% of retail CFD accounts lose money


Exness also accepts Tether/USDT as a deposit method. More specifically, Exness accepts Tether as an ERC20 coin. To use this payment method on Exness, a user must have a fully verified Personal Area. The minimum deposit amount when using this payment method is $10. On the other hand, the maximum deposit amount is $10,000,000 per transaction. Exness promises instant deposits and withdrawals with no manual processing. 

Once a trader makes a deposit, they can proceed to trade in a variety of market instruments. In total, there are over 200 different instruments available. These include CFDs on forex, energies, stocks, indices, metals, and cryptocurrencies. The trading platforms available to use in placing orders include MetaTrader 4, MetaTrader 5, Exness Terminal, and Exness Trade App.

Further, Exness prides itself on providing some of the lowest spreads in the market. On the standard and the standard cent accounts, the spreads start from as low as 0.3 pips for major currency pairs with no commissions. On top of that, there are three different professional accounts that come with lower spreads accompanied by low commissions.

The raw spread account features the lowest spreads possible starting from 0.0 pips with a fixed commission of $3.5 per side per lot. The Zero account has zero spreads (0.0 pips) on the top 30 instruments plus a variable commission from $0.2 per side per lot. Lastly, the Pro account has ultra-low spreads from as low as 0.1 pips with no commissions required. 

Let’s close out on this broker by looking at its regulations. Positively, this broker operates under the regulation and supervision of the CySEC in Cyprus, the FCA in the UK, and the FSCA in South Africa. The FCA and the FSCA are worth highlighting as they are tier-one regulators with stringent laws for brokers and investors alike. Unlike most other Forex and CFDs brokers out there, Exness does not accept traders from EEA countries.

Remember that forex and CFDs available at Exness are leveraged products and can result in the loss of your entire capital.
Please ensure you fully understand the risks involved.


FBS entered the international financial market in 2009 and has grown to serve over 16 million traders worldwide. Such a high number of clients need diverse payment methods so that traders can choose the payment method that best suits their needs. Luckily, FBS provides just that. This includes Tether, the focus of our article today. On this broker site, traders can deposit funds using USDT (TRC20) or USDT (ERC20).

There are no limits on the amount traders can deposit when using Tether as a deposit method. Further, it takes about 15 to 20 mins for FBS to process payments made through Tether. Once traders make a deposit, they can start investing in a plethora of global markets. These include forex, stocks, indices, energies, metals, and cryptocurrencies. There are several trading platforms that are accessible to traders. These include MetaTrader 4, MetaTrader 5, and a mobile trading app.

Further, the broker features different trading accounts for traders to choose from. The Micro account, the Standard account, the Zero Spread account, and even the Cent account which requires an initial deposit of $1. Depending on the account a client is on, the spread can be floating, starting from 0.2 pips, or it can be fixed starting from 3 pips. Further, clients can trade on the zero spread account with 0.0 pips and pay a commission.

On regulations, clients of FBS will be pleased to learn that the broker has regulatory licenses from both the CySEC and the ASIC. It also has regulations and authorization from the FSCA in South Africa and the IFSC in Belize. 

72.68% of retail CFD accounts lose money


HFM also allows traders to make deposits using Tether. The minimum deposit when using Tether and other cryptocurrencies is $30 and the maximum sits at $10,000. There are no fees charged by HFM and the processing time for this payment option is instant. 

Like all the other brokers on this list, HFM gives traders access to a variety of markets. Specifically, traders can invest in forex, metals, energies, indices, stocks CFDs, commodities, bonds, ETFs, physical stocks, and cryptocurrencies. Evidently, this is a great place for people to diversify their portfolios. Further, the broker features reasonably low fees when trading on its four different trading accounts.

The Premium account and the Cent account both feature spreads as low as 1.2 pips for major currencies with no commissions. The Pro account features lower spreads starting from 0.5 pips for major currencies with no commission. Lastly, the Zero account has spreads that are as low as 0.0 pips with a floating commission from as low as $0.03 per 1k lot. The trading platforms available on HFM include MetaTrader 4, MetaTrader 5, and HFM Platform.

As we always insist, regulations alone are not enough. But it is always a safer bet to invest using a forex broker that has top-tier regulations. In this case, HFM has two licenses from two of the best regulators in the market. It is authorized and regulated by the FCA and the CySEC. That’s not all. It also has regulations from other organizations including the FSCA and the FSC.


On the Octafx broker site, traders can fund their accounts using Tether both as an ERC20 coin and as a TRC20 coin. The minimum deposit when using this payment option sits at $50 and there is no maximum limit. Positively, the broker does not charge any fees when funding using this payment method and promises to process transactions within 3 to 30 minutes. 

Once the money hits a trader’s account, they can invest in a plethora of market instruments. Particularly, investors gain access to 35 of the most volatile currency pairs, stock CFDs, indices, commodities, and cryptocurrencies. The trading platforms available for traders to use include OctaTrader, MetaTrader 4, and MetaTrader 5. 

Notably, there are three different accounts based on the three trading platforms. Each of these accounts has its own array of assets and features to shape a client's experience. Notably, each of these accounts features spreads as low as 0.6 pips with no commissions paid. The only difference between the three accounts is the number of assets available to traders. The MetaTrader account has the highest number of assets at 227, followed by the OctaTrader account at 77, and the MetaTrader account has 71 assets available. 

On regulations, we have to highlight the license from the CySEC that this broker holds. Acquiring a license from this regulator is tough and an impressive feat.

Fusion Markets

Fusion Markets allows traders to make deposits using a variety of cryptocurrencies. These include Bitcoin, Ethereum, Litecoin, and importantly, Tether. Notably, this broker does not have any limits on the minimum and maximum deposits clients can make. As such, traders can fund their accounts with whatever amount they have and start trading the various markets availed by Fusion Markets.

Specifically, with Fusion Markets, investors can trade forex, precious metals, commodities, indices, and shares. The trading platforms available to use in placing orders in these various markets include MetaTrader 4 and MetaTrader 5. These are two of the best trading platforms with advanced functionality. Better yet, the broker offers competitively low spreads when investing. The classic account features spreads from as low as 0.9 pips with no commissions required. In contrast, the zero account has spreads as low as 0.0 pips with a commission of AUD 4.50 per round trip.

Even with the attractive features that Fusion Markets offers, you should familiarize yourself with how it is regulated. Well, this broker holds a license from the ASIC in Australia. On top of that, it has regulatory licenses from the VFSC and the FSA.

Our Closing Remarks

Among all the cryptocurrencies, Tether is one of the most efficient methods of making payments. This cryptocurrency introduces the convenience of stability and easy accounting to the blockchain world. As people can use it from all over the world, it also helps people with no other options to make deposits to broker sites. Evidently, traders are spoilt for choice on the brokers that accept Tether as a deposit method.

While this is a welcomed feature on the various broker sites, there are other important features to look at before investing. Particularly, traders should prioritize brokers with good regulations, cheap trading fees, diverse collections of market instruments, and advanced trading platforms. 

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