Volatility
The price fluctuations of cryptocurrencies such as Bitcoin and Ethereum are mainly driven by news and public sentiment, that is, the fear and greed of retail speculators. Sometimes, changes in these factors can cause large intraday price fluctuations, making cryptocurrencies an ideal product category for aggressive and experienced day traders.
Symbol | Description | Leverage | Short | Long | Min Spreads |
---|---|---|---|---|---|
ADAUSD | Cardano vs US Dollar | 1:2 | -15.425 | -20.685 | 0.0022 |
BTCUSD | Bitcoin vs US Dollar | 1:2 | -15.425 | -20.685 | 188.82 |
BCHUSD | Bitcoin Cash vs US Dollar | 1:2 | -15.425 | -20.685 | 0.710 |
DOTUSD | Polkadot vs US Dollar | 1:2 | -15.425 | -20.685 | 0.103 |
DOGUSD | Dogecoin vs US Dollar | 1:2 | -19.75 | -16.85 | 0.00430 |
ETHUSD | Ethereum vs US Dollar | 1:2 | -14.35 | -19.23 | 11.90 |
LTCUSD | Litecoin vs US Dollar | 1:2 | -15.425 | -20.685 | 0.13 |
SOLUSD | Solana vs US Dollar | 1:2 | -15.425 | -20.685 | 1.12 |
XRPUSD | Ripple vs US Dollar | 1:2 | -15.425 | -20.685 | 0.0063 |
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Bitcoin was the first decentralized cryptocurrency. Created in 2009, Bitcoin uses blockchain verification technology to secure and protect peer-to-peer transactions. Like other cryptocurrencies, Bitcoin is decentralized and is not regulated by a central bank or any government.
Yes, short selling is as easy as buying with spot cryptocurrencies, unlike when you directly purchase cryptocurrencies.
Buying cryptos means you’re taking ownership of the digital asset, so you’ll need an account with an exchange and a digital wallet to store the crypto in securely. When you trade crypto CFDs, you just need an account with a CFD provider, and as you won’t be taking ownership of the asset, you won’t need a digital wallet.
Cryptocurrencies, or cryptos, are a form of decentralized digital currency that is not regulated by a government or central bank. Instead, cryptos use encryption techniques to generate, regulate, and transfer their units. Cryptocurrencies are often stored in virtual wallets (e-Wallets) and are used for peer-to-peer transactions or online stores that accept them.
Bitcoin(BTCUSD), Bitcoin Cash(BCHUSD), Ethereum(ETHUSD), Litecoin(LTCUSD),Cardano(ADA),Ripple(XRPUSD),Solana(SOLUSD),Polkadot(DOTUSD),Dogecoin(DOGUSD)
Minimum and maximum order sizes depend on the cryptocurrency you want to trade.
With us, you can trade cryptos by speculating on their price movements via a CFD trading account.
To get started, follow these steps:
1.Open a trading account
2.Pick a cryptocurrency to trade
3.Identify a crypto trading opportunity
4.Decide whether to go long or short
5.Take steps to manage your risk and place your trade
6.Monitor and close your position
Cryptocurrency trading is inherently high risk – the markets are volatile and leveraged derivatives like CFDs only act to amplify these already large and sudden market movements.
The margin requirements on cryptocurrency CFDs are comparatively high – currently 50% margin but can be increased in times of market volatility. This means that cryptocurrency trading can have, relative to other markets, higher costs.
Cryptocurrency markets move according to supply and demand. However, as they are decentralised, they tend to remain free from many of the economic and political concerns that affect traditional currencies. While there is still a lot of uncertainty surrounding cryptocurrencies, the below factors can have a significant impact on their prices:
Supply: the total number of coins and the rate at which they’re released, destroyed or lost
Market capitalisation: the value of all the coins in existence and how users perceive this to be developing
Press: the way the cryptocurrency is portrayed in the media and how much coverage it is getting
Integration: the extent to which the cryptocurrency easily integrates into existing infrastructure such as e-commerce payment systems
Key events: major events such as regulatory updates, security breaches and economic setbacks