CFD Brokers For Crypto Trading

Bitcoin CFDs allow traders to speculate on the price of Bitcoin without actually owning it. You are entering into a contract with your CFD broker with your profit and loss based on the difference between opening and closing prices of the trade. With Bitcoin now maturing, many now consider it just like any other currency or part of a forex pair. Overall, this excellent news for Bitcoin. It gives the digital currency another avenue to appeal to users and ultimately helps spread the idea that Bitcoin could well be the future of all money. Let’s look at why that is and why it’s safer to trade Bitcoin on CFD than to own Bitcoins. Recommended Reading in

Risk Warning: Trading bitcoin CFD carries a high level of risk to your capital, and you should only trade with money you can afford to lose. Trading Derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved, and seek independent advice if necessary. A Product Disclosure Statement (PDS) can be obtained either from this website or on request from our offices and should be considered before entering into a transaction with us. Accurate ECN accounts offer spreads from 0.0 pips with a commission charge of AUD 3.50 per 100k traded. Standard account offer spreads from 1 pips with no additional commission charges. Spreads on CFD indices start at 0.4 points. International Capital Markets holds an Australian financial services license (AFSL) to carry on a financial services business in Australia, limited to the financial services covered by its AFSL. International Capital Markets Pty Ltd. ACN 123 289 109. AFSL No. 335692.

Both instruments allow the use of stop loss and take profit levels. This option can come in handy taking into account the unpredictable and highly volatile nature of the cryptocurrency market. By opening a take profit order, you determine the amount of profit you consider sufficient to exit a trader and close your position. Stop loss, in turn, is aimed at minimizing possible losses, letting you withdraw the rest of your funds when the price level hits a predetermined level.

A CFD is a contract between you and a CFD broker to change the difference relating to the opening price along with the closing price of the deal. CFDs are derivatives products that allow you to trade on live market price movements without actually owning the underlying instrument on what your contract is reliant. Online CFDs trading permits you to go long (buy) in the event you believe market price ranges will rise, or go short (sell) in the case you think market price ranges will fall.  Ethereum CFD Brokers