Crypto CFD trading
In our days, Crypto CFDs are popular amongst our traders. The crypto market can be exciting, but also challenging, as changes and new regulations appear as the crypto world develops.
By trading cryptos via CFDs, you get exposure to these assets, while retaining good liquidity and the ability to short sell. Also, you don’t need a wallet and don’t have to worry about losing your key. Your focus always remains on your trading!
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Cryptocurrencies
We’ve all heard about them. They’ve been in the news ever since Bitcoin came into the global finance spotlight, back in 2009. People called them the next evolutionary step of currencies.
For those of you wanting to be up-to-the-minute with technology and the currency markets, MarketsADV offers access to a comprehensive education academy and a wide range of technical and fundamental tools and features in collaboration with leading third-party providers.
Cryptocurrencies – the essentials
Cryptocurrencies are digital coins, functioning as mediums of exchange. People can transfer them between each other, without any intermediaries and any interference of central banks or any other financial institution. Anyone can find all these transactions recorded on a public ledger called the blockchain.
Cryptos are created through mining, the process of verification of every transaction and maintaining the blockchain populated.
Initially, you could only buy them on exchanges, using a digital wallet for storage until you wanted to start selling. That’s until trading CFDs on cryptos started emerging.
CFDs and crypto trading
CFDs are financial products that allow you to anticipate whether prices will move up or down on underlying instruments, including cryptocurrencies. You don’t own these underlying instruments; you trade the direction you assume prices will go. Trading CFDs takes place on dedicated platforms made available by brokers.
So, when trading CFDs on cryptos, you can either go long or short for your trading approach, depending on what you expect to happen to the price. On regular exchanges, you could only buy (go long) a specific amount of your favorite digital coins and hold it before selling if prices go up.
Also, when trading crypto CFDs you can use leverage to open positions with less capital, but also with increased risks. For managing your risks and keeping your investment under more control, you have access to market orders such as stop loss or take profit.
Trading Crypto CFDs vs. Buying Crypto on exchanges
- Trade price swings in either direction at will – Only trade long positions
- Use your favorite short term or long-term trading strategies – Long-term buy-and-hold only strategy
- Employ entry orders, stop losses, profit-limit rules, and all risk management techniques – Manually buy or close long positions only
Want to see what CFDs on bonds you can trade on MarketsADV? Check out our collection!
Factors influencing crypto prices
Regulation
Any regulation change can impact cryptos. For example, if the governments adopt stricter regulatory measures, BTC prices can be affected.
Supply and Demand
The bigger or the smaller a crypto supply gets, given a certain demand, the more it can impact prices. If a crypto supply becomes scarce, prices could go up.
Adoption
The more Bitcoin is adopted as an alternative method of payment, the better for its valuation. The reverse is also valid.
Crypto news and market sentiment
News and market sentiment, such as an increased trading appetite of retail speculators, usually drive price movements on Cryptocurrencies like Bitcoin Spot, Bitcoin Cash, Litecoin USD, Litecoin EUR, Ripple, Ethereum USD, or Ethereum EUR.
What you need to keep in mind for CFDs on virtual currencies before trading:
These are complex and high-risk products
Such products are subject to extreme price volatility
These products are not suitable for all investors.
We recommend you to trade CFDs on Cryptos only if you understand the specific characteristics and risks associated with these products and only if you bear the loss of your invested amount.
How to trade CFDs on Crypto on MarketsADV
You can open a position of CFDs on Bonds with MarketsADV through the device of your choice, be it a smartphone, PC, or tablet.
Log in to your account or create account
Go to the Crypto section and choose your favorite instrument
Set your trade size
Choose direction (Buy or Sell) based on your assessment of the influencing factors
Place your trade!
You find it hard to keep a close eye on your trades all the time? Advanced tools are available, especially for this: you can set automatic orders like Take Profit and Stop Loss to manage multiple trades and keep your risks under control!
Trading conditions for CFDs on Cryptocurrencies
Trade CFDs on the world's most popular cryptocurrencies
Leverage 1:2
Spreads as low as 0.01 (USD)
Zero deposit commissions*
*Please note that MarketsADV, operated by Key Way Investments Ltd, is not liable for any fees or hidden costs charged by your bank or online payment provider.
Trading Times
Keep in mind that trading hours may vary based on the specifics of every instrument.
For more details, check our dedicated Trading Conditions.
