Best Brokers Accepting USDC

One of the primary factors traders consider when choosing a broker is the convenience of deposits and withdrawals. As cryptocurrencies gain traction in financial transactions, stablecoins like USD Coin (USDC) have become a preferred payment method due to their stability and ease of use. USDC is pegged to the US dollar at a 1:1 ratio, making it a reliable medium for forex traders who prefer crypto payments. 

Many brokers now support USDC for deposits and withdrawals, making them preferred options for forex and crypto enthusiasts. This article will explore some of the best forex brokers accepting USDC as a deposit and withdrawal method. We will discuss their features, advantages, and things to consider when choosing one.

What is USDC?

USDC is a stablecoin pegged on a 1:1 basis to the US dollar and is issued by Circle in collaboration with Coinbase through the Centre Consortium. Unlike volatile cryptocurrencies like Bitcoin, USDC maintains a 1:1 peg to the US dollar, meaning 1 USDC is always worth $1. This stability makes it ideal for traders who want to avoid price fluctuations while benefiting from blockchain efficiency.

USDC operates on multiple blockchain networks, including Ethereum (ERC-20), Solana, Algorand, and Stellar, among others. This multi-chain functionality enhances its versatility and accessibility, allowing users to choose the network that best suits their needs in terms of transaction speed and cost. But what are some of the top brokers that accept USDC? To determine that, we will consider several factors.

Factors to Consider When Selecting a Broker That Accepts USDC

When selecting a Forex broker that supports USDC, it is important to consider the following factors:

• Regulatory Background of the Broker - The regulation of a broker is probably the most important thing to consider when selecting a broker to invest with. While regulations alone are not enough, brokers regulated by top-tier organisations are generally more reputable than their counterparts. Check for regulations from organisations such as the FCA, the ASIC, the CySEC, the NFA, and the CIRO, among others.
• Fees and Commissions - Compare the broker's fees and commissions, including spreads, deposit and withdrawal fees, and any other associated costs. Pick the broker that best suits your budget.
• Trading Platform and Tools - Evaluate the broker's trading platform, ensuring it offers the necessary tools and features for effective forex trading, including charting tools, technical indicators, and order execution capabilities.
• Range of Market Products - It is crucial to ensure that you pick a broker that offers a deep collection of market products, which will allow you to build a diversified portfolio.

With that brief look at the factors we will consider, let’s now look at some of the best brokers accepting USDC.

Exness

Exness is one of the top brokers that support the use of USDC as a deposit method. Specifically, Exness supports USDC as an ERC20 coin (Ethereum Token) and a TRC20 coin (Tron Token). The average processing time for this payment method is instant, but deposits can take up to 1 day, depending on network congestion. The minimum deposit limit for this payment method is $10, while the maximum is $10,000,000 per transaction. 

Upon successfully depositing funds, traders gain access to a deep collection of market products on the Exness trading site. In particular, investors gain access to CFDs on forex, stocks, metals, cryptocurrencies, indices, and energies. To trade these markets, traders can use MetaTrader 4, MetaTrader 5, and the in-house built Exness Terminal.

On another note, Exness provides five different accounts for clients to choose from. These include the Standard, the Standard Cent, the Pro, the Raw Spread, and the Zero accounts. The Standard account has a spread from as low as 0.2 pips for major currency pairs with no commission charged. Meanwhile, the Standard Cent account has spreads from 0.3 pips for major currency pairs with no commission.

Further, the Pro account offers ultra-low spreads from 0.1 pips, also with no commission. However, the Raw Spread account offers spreads from 0.0 pips but charges a commission of up to $3.5 per side per lot. Additionally, the Zero account has zero spreads (from 0.0 pips) on the top 30 instruments with a commission that starts from $0.05 per side per lot.

On a positive note, Exness is regulated and supervised by several organisations. These include the CySEC in Cyprus, the FCA in the UK, the FSCA in South Africa, the CMA in Kenya, and the JSC in Jordan, among others.

Remember that Forex and CFDs available at Exness are leveraged products.
Their trading can result in the loss of your entire capital.

HFM

HFM is another top broker that accepts USDC, allowing traders to deposit and withdraw funds in this stablecoin. Deposits made via cryptocurrencies are processed instantly, while withdrawals may take up to 24 hours. The minimum deposit on HFM when using USDC and other cryptocurrencies is $30, while the maximum is $10,000 per transaction. HFM does not charge internal fees for cryptocurrency transactions, though blockchain transaction fees may apply.

Upon making a deposit, HFM allows traders to speculate on a variety of global market products. This broker offers CFDs on forex, energies, indices, metals, bonds, stocks, cryptocurrencies, commodities, and ETFs. The trading platforms that traders can use include MetaTrader 4, MetaTrader 5, and the proprietary HFM Platform.

HFM offers competitive trading costs with spreads that vary based on the chosen account type. The Premium account features spreads starting from 1.2 pips, while the Cent account offers lower spreads, starting at 1.0 pips. In regions where the Top-Up Bonus account is available, the account offers spreads from 1.4 pips. 

Traders looking for tighter spreads can opt for the Pro account, with spreads that start at 0.5 pips, or the Pro-Plus account, with spreads from 0.2 pips. None of these accounts incur commission fees on forex pairs. However, the Zero Spread account offers spreads from 0.0 pips but includes a commission of $3 per lot per side.

HFM is a fully regulated broker with authorisation from several respected financial authorities around the world. The broker operates under the oversight of the CySEC in Cyprus, the FCA in the UK, the DFSA in Dubai, and the CMA in Kenya.

68% of retail investor accounts lose money when trading CFDs with this provider.

FP Markets

FP Markets also supports USDC deposits and withdrawals, providing traders with an additional payment option for seamless transactions. The broker allows cryptocurrency payments powered by various payment platforms like LetKnowPay, Finrax, B2Binpay, and Coinspaid. USDC is accepted on FP Markets as an ERC20 coin, a TRC20 coin, and a BEP20 coin. 

Depending on the payment method, the deposit can take up to 1 business day to reflect in a trader’s account. The minimum deposit amount when using USDC is $100, while there are no specified maximum limits for cryptocurrency deposits. FP Markets does not charge any fees on crypto deposits, but blockchain fees may apply.

Traders using FP Markets gain access to an extensive range of trading instruments totalling over 10,000 instruments. These include CFDs on forex, shares, metals, commodities, indices, ETFs, and cryptocurrencies. The trading platforms available to use include MetaTrader 4, MetaTrader 5, cTrader, and TradingView. 

Further, FP Markets provides traders with two primary account types. The Standard account features spreads starting from 1.0 pips on major currency pairs without any commission. In contrast, the Raw account offers spreads as low as 0.0 pips on major currency pairs, accompanied by a commission of $3 per lot per side.

In terms of regulations, FP Markets has oversight from several institutions around the world. These include the ASIC in Australia, the CySEC, the CMA, and the FSCA, among others. Remember, regulations on their own are never enough. However, brokers with several regulatory licenses are more well-regarded than those without.

72.44% of retail CFD accounts lose money

Tickmill

Tickmill is another well-regarded broker that supports USDC deposits and withdrawals. The broker supports a variety of cryptocurrencies, including USDC. When making deposits via USDC, the minimum deposit accepted by the broker is $100, while there is no upper deposit limit. The processing time for USDC deposits on Tickmill is instant. 

Tickmill provides traders access to a broad spectrum of market products. These include CFDs on forex, stock indices, gold and other metals, bonds, commodities, and cryptocurrencies. Traders can access all these markets through MetaTrader 4, MetaTrader 5, and Tickmill Trader.

Further, the spreads at Tickmill vary based on the type of trading account. The Classic account features spreads starting from 1.6 pips on major currency pairs with no commission. Tickmill also offers two raw spread accounts with spreads from 0.0 pips and different commission structures. The Raw account charges a commission of $3 per side per lot, while the Tickmill Trader Raw account has a commission of $3.5 per side per lot.

On regulations, Tickmill maintains strict regulatory oversight from multiple financial authorities. The broker's operations are overseen by a range of regulatory bodies, including the FCA, the CySEC, the DFSA, and the FSCA, among others.

71-74% of retail investor accounts lose money when trading CFDs with this provider.

JustMarkets

JustMarkets also supports USDC deposits, offering traders a convenient and efficient way to fund their trading accounts. Crypto deposits, including USDC ones, are processed within 2 to 24 hours on JustMarkets. The minimum deposit when depositing funds via USDC is $15, while the maximum deposit amount is $1,000,000 per transaction.

Traders at JustMarkets gain access to a wide range of trading instruments. These include CFDs on currency pairs, cryptocurrencies, shares, indices, and commodities. The variety helps traders to diversify their trading portfolio. The trading platforms available to use include the MetaTrader 4 and MetaTrader 5. They are available on Android, iOS, and PC.

This broker offers four main trading accounts to traders, including the Standard, the Standard Cent, the Pro, and the Raw Spread account. The Standard and Standard Cent accounts both offer spreads from as low as 0.3 pips with no commission charged. The Pro account has a spread from 0.1 pips, also with no commission. Meanwhile, the Raw Spread account delivers spreads from 0.0 pips plus a commission of $3 per side per lot.

On regulations, this broker is under the supervision and examination of various organisations. It is under the regulation of organisations such as the CySEC in Cyprus, the FSA in Seychelles, the FSC in Mauritius, and the FSCA in South Africa.

Deriv

Deriv also supports USDC deposits and withdrawals, making it a viable choice for traders who prefer stablecoin transactions. The broker accepts USDC deposits with deposit times depending on the network’s congestion. There are no deposit limits when making deposits using USDC. This means that traders can invest whatever amount they want.

Traders with Deriv gain access to a broad range of market products. With Deriv, investors can trade CFDs on forex, commodities, exchange-traded funds, stocks & indices, cryptocurrencies, and derived indices. To trade these markets, Deriv offers a variety of platforms, including Deriv MT5, Deriv X, Deriv cTrader, SmartTrader, Deriv GO, Deriv Trader, and Deriv Bot. Further, Deriv's trading fees are competitive. When trading forex, the spreads on this broker site are as low as 0.5 pips on major currency pairs with no commission required.

In terms of regulations, this broker has oversight from the MFSA of Malta, the BVIFSC of the British Virgin Islands, and the VFSC of Vanuatu. Obtaining regulations from tier-one regulators like the FCA or the ASIC would further enhance the appeal of this broker.

Why Use USDC For Deposits and Withdrawals?

The adoption of USDC in forex trading brings numerous benefits to traders:

• Stability - Unlike other cryptocurrencies, USDC maintains a stable value since it is pegged to the US dollar. This makes it a reliable option for transactions where stability is necessary.

• Fast Transactions - Deposits and withdrawals with USDC are processed almost instantly, reducing waiting times compared to traditional banking methods.
• Global Accessibility - USDC enables traders from different parts of the world to fund their trading accounts without the limitations imposed by traditional banking systems.
• Security and Transparency - USDC transactions are conducted on blockchain networks, providing an additional layer of security and transparency.

Closing Remarks

Forex brokers accepting USDC provide traders with a fast, cost-effective, and stable way to fund their accounts. As the adoption of stablecoins grows, more brokers are likely to integrate USDC and other digital currencies into their payment systems. 

However, choosing a well-regulated and reputable broker is crucial to ensure a smooth trading experience. When choosing a broker, it's important to prioritise regulation, trading conditions, and transaction efficiency. The brokers listed above are a good starting point, but always conduct your own research before committing funds.