10 Best Forex Brokers Accepting Tether/USDT (January 2023)

Do not invest more money than you can afford to lose.

Tether is the most popular stablecoin to date. Essentially a digital assets that is pegged to the United States dollar, USDT or Tether was conceived with the idea that its value will always be equal to that of $1, and more or less this has been the case, notwithstanding some past occurrences during which its value  fell by a fraction as a result of major disturbances in the cryptocurrency market, but even during these rare occasions the price change in Tether relative to that of, say, Bitcoin was infinitesimal; the value of Tether quickly regained its bearings.

USDT is Tether’s US dollar crypto token, in reality just one of Teether’s many other tokens, each one fixed to a different currency. Currently, Tether exceed in every endeavor, as it has the highest trading volume than other stablecoins, and is undoubtedly the most popular to boot.

As one might gather, Tether being pegged to the USD, its trading volume surmounts that of most conventional cryptocurrencies, with a record high 24-hour trading volume of $89 billion recorded last September, consequently falling comfortably into the top three largest digital coins by market capitalization.

The stablecoin is based on blockchain technology, and flows freely on this digital matrix just as any digital coins might. But unlike cryptocurrencies, such as Bitcoin and Ethereum, USDT technically does not change in value, unless there is an unprecedented fluctuation in the crypto sphere, and even then, theoretically, the stablecoin should remain relatively stable.

Obviously, to many the notion of a USD fixed-stablecoin might seem at first like an interesting opportunity, but in retrospect USDT does not really fit the bill with investors, because of its innate nature as a fixed-value asset. Thusly, the only real use of Tether, and other stablecoins, is as a store of value, but even as it is many have found practical use of its seemingly limited capabilities.

Tether is mainly utilized by traders who aren’t too risk friendly, as the stablecoin furnishes a liquidity that is both reliable and steady, allowing for efficient crypto trades that aren’t harassed with an ever looming danger of sudden price volatilities.

Another beneficial side to Tether is its facilitative capacity to move funds around, between crypto exchanges, brokers, in between parties anywhere in the world, or within the entire financial system. This social side to Tether makes the inclusion of the USDT welcome in virtually any service or product provider’s website.

A more technical reason for relaying on Tether is its lending capabilities which may procure high interest rates, depending on the lending platforms. The USD-pegged stablecoin can also be used to participate in initial coin offerings, as well as to purchase NFTs.

FX and CFD traders (and brokers) can therefore reap a great deal from using Tether as a payment means, or a means in which to keep their funds within a particular broker. So here are the best brokers offerings Tether as payment means in January 2023:

1. HF MARKETS (HFM)

It’s a marvel that HFM exists in the state it currently is. Looking back, no one could have predicted that the broker would ever reach such a level of articulation. But here we are with HF MARKETS, a multi layered brokerage that offers, out of all its features, accounts opened with Tether. HFM is regulated by the a surprising amount of regulators and has offices literally around the world. It posses a license from the FCA, CySEC, the Dubai Financial Services Authority (DFSA), the Financial Sector Conduct Authority of South Africa (FSCA), the Financial Services Authority of Seychelles (FSA), and the Capital Markets Authority of Kenya (CMA).

All non-EU branches accept payments made in Tether. The minimum amount is 30 USDT, and it takes some 10 minutes to fund one’s account. Withdrawals via Tether can take up to 24 hours to process, and the minimum amount is 10 USDT.

2. FP MARKETS

FP Markets is one of the leading brokers today, with more features than we can count. We can easily spend a whole day talking about its numerous sides. The broker holds a license by ASIC and CySEC.

One of the best ones, but not the most known, feature is that the broker allows for Tether-based payments. FP Markets processes USDT deposits and withdrawals through the LetKnowPay wallet, where Tether payments are based on USDT (ERC20) and USDT (TRC20) tokens. There are no fees for either deposits and withdrawals. For deposits it may take an hour to process a request, while for a withdrawal it may take up to one business day. The only fees are the payment system fees.

3. OCTAFX

Being regulated by CySEC is no easy feat. OctaFX has gone against the odds and has risen to be one of Europe’s best known brokers, and a very serious player in the offshore FX trading scene. It continues to improve, and one way it shows its dedication to progress is by offering USDT-based payment methods.

The minimum Tether TRC-20 or Tether ERC-20 deposit requirement is 50, taking between 3 and 30 minutes to process a request. The withdrawal process period may take longer than that, up to 3 hours. The minimum withdrawal amount cannot go below 20. For both types of transactions, the blockchain support may issue transaction fees. None are issued by OctaFX.

4. DUKASCOPY

DukasCopy is arguably one of the more austere brokers out there, and we say this with the utmost reverence. So many awards have passed into its trophy room, that it is no surprise the amount if features it offers, including USDT transactions. Home to the Swiss Financial Market Supervisory Authority FINMA, DukasCopy doesn’t stop there. It also holds a license from the Financial and Capital Market Commission of Latvia , and the Financial Services Agency of Japan, truly revealing to be a global regulator.

DukasCopy accepts USDT for both deposits and withdrawals. The fees come only from the blockchain systems. The minimum deposit is $1000.

5. ADMIRAL MARKETS

Easily considered as one of the most accessible and best regulated brokers around, Admiral Markets has grown to be an institution of reverence. It bears multiple regulations – from the FCA, CySEC, ASIC, the Jordan Securities Commission (JSC), and the FSCA of South Africa – on top of some superb trading conditions suitable for any type of trader. Truly a hospitable place for any trader, retailer or pro.

All Tether transactions on Admiral Markets pass through the ZotaPay payment solution. Users are entitled to 1 free Tether withdrawal per month, with each following one being commissioned by 1%. The withdrawal request takes up to 48 to process.

6. EXNESS 

Exness’ refurbished website is yet another step in the right direction, en route to FX legend status, if it hasn’t already reached that level of pristine. The sheer amount of regulations that this broker possesses is enough to show you just how healthy and reliable it is: the FCA, CySEC, FSCA, FSA (Seychelles), FSC (British Virgin Islands), and the FSC of Mauritius. Truly a global broker in every aspect, it’s no surprise that it also offers Tether transactions.

Exness offers USDT ERC20 deposits and withdrawals. The minimum deposit is 10, while the minimum withdrawal is 100. Transactions are usually instant but at times they can take up to 3 days. There are no USDT payment fees whatsoever.

7. TIO MARKETS

Tio Markets offers a fresh new approach to the classic FX broker style and interface, and it successfully integrates this with many staple features, as well as Tether based payments, making this broker a deserving additions to this list. The broker is licensed by the FCA.

The minimum Tether deposit and withdrawal is 50. It takes up to a day to process the request, and there are no fees. Withdrawal fees are fixed at 10 for all USDT transactions. It takes a day to process a withdrawal request.

8. EIGHTCAP

Regulated by the Securities Commission of the Bahamas, this broker offers some of the best offshore conditions out there, including Tether payments. This entity is a more laid back one, but still a serious broker that really can appeal to all levels of users.

Two Tether bases are used: the USDT(TRC20) and USDT(ERC20). There are no depositing fees, and the broker does not cap the minimum deposit nor the withdrawal one. The client can invest or take out as much as he or she wants. All transactions are processed instantly.

9. FRESH FOREX

Just as the name suggests Fresh Forex feels like a minty wave passing by on a warm day. But unlike other “cool” brokers, Fresh Forex surprises us all by revealing to be a deep and sophisticated entity, despite its lack of a regulation.

The available USDT conditions are as follows: The Tether ERC20 minimum deposit is 10, while the Tether TRC20 is 20. The deposit fees are only issued by the payment systems. As for the withdrawal fees, they are 0,5%+20 USD for Tether ERC20, and 0,5%+1 USD for Tether TRC20.

10. SIMPLEFX

SimpleFX might be simple is name, but it is actually a broker with depth that seems to aim for a user friendly but compelling experience, which is not as easy thing to pull off. The firm is an offshore broker, and currently has no regulation, but in truth has potential.

It offers Tether, Tether (USDT) – BNB, Tether (USDT) – Omni, and Tether (USDT) – TRC20 as its USDT deposit and withdrawal methods. It takes up to 15 minutes to process a deposit request, and there is no minimum requirement. Deposits using Tether are not commissioned.

Tether withdrawals take a 24 hours at the max to process. There is no minimum, and the fee is 0.5 USDT.
Tether (USDT) withdrawals take 24 hours to process. The minimum requirement is 50, and there is a fixed 3.5 USDT fee.
Tether (USDT) – Omni’s minimum withdrawal requirement is 100, and it takes 24 hours to process. The max fee is 30 USDT.
Tether (USDT) – TRC20 withdrawals are capped at 5 or higher, and here too the time frame is 24 hours tops. There is a 1 USDT fee for withdrawals.