Cryptocurrency trading has taken off fiercely in 2017 moving from a highly speculative asset used primarily by programmers to the preferred choice of trading for many newcomers to the markets. The severe level of volatility seen in the cryptocurrency space is generally unmatched by traditional markets and that means the potential for profits and losses is magnified while the need for leverage is reduced. In addition, the cryptocurrency movement is primarly driven by retail speculators rather than banks, hedge funds and institutional investors. That results in a market that has traits unseen in regulated markets such as the free availability of market sentiment data, no scheduled or predictable new events and asset demand that has soared in recent times.
Key features of trading cryptocurrencies with XGLOBAL Markets
35% margin requirements
Raw spread with 0.25% per side commissions
18 cryptocurrency pairs available
Orders sizes of between 0.01 - 5.00 lots available
Trade Cryptocurrencies without “on-chain” risks
We offer cryptocurrency CFDs so you don’t need to worry about using wallets, private keys or losing physical cryptocurrency. Benefit from the fluctuation in value of the cryptocurrency being traded without the risks associated with handling and storing the actual asset. *CFD trading is high risk and you may lose your entire investment.
Sell cryptocurrency when you don’t own any
Since we offer cryptocurrency trading in the form of CFDs we provide the ability to sell cryptocurrency when you do not already own it. This allows you to speculate on the fall as well as rise of cryptocurrency values as long as you have a fiat currency balance in your trading account.
Margin trading as standard
Take a larger cryptocurrency position than you have the funds for. We offer leverage that allows you to buy or sell more cryptocurrency than you would be able to on an exchange (50% stop out level applies). We support long term buy and hold strategies as well as short term trading.
Supporting consistently profitable traders
By using an agency model our operating cost comes from the per side commissions we charge to pass your cryptocurrency trades to our liquidity providers. That means our ideal clients are those that consistently profit and continue to trade with us long-term. *CFD trading is high risk and you may lose your entire investment.
Supported Cryptocurrency pairs include:
BTCUSD – Bitcoin vs US Dollar
BTCEUR – Bitcoin vs Euro
ETHUSD – Ethereum vs US Dollar
ETHEUR – Ethereum vs Euro
LTCUSD – Litecoin vs US Dollar
LTCEUR – Litecoin vs Euro
XRPUSD – Ripple vs US Dollar
IOTAUSD – IOTA vs US Dollar
BCHUSD – Bitcoin Cash vs US Dollar
DASHUSD – Dash vs US Dollar
NEOUSD – NEO vs US Dollar
XMRUSD – Monero vs US Dollar
ZECUSD – Zcash vs US Dollar
EDOUSD – Eidoo vs US Dollar
EOSUSD – EOS vs US Dollar
ETPUSD – Metaverse ETP vs US Dollar
OMGUSD – OmiseGO vs US Dollar
SANUSD – Santiment Network vs US Dollar
Cryptocurrency CFD Risk Warning
CFDs on cryptocurrencies are complex and high risk and as such come with a high risk of losing all the invested capital.
Cryptocurrencies values can widely fluctuate (there can be extremely high volatility) and may result in significant loss over a short period of time.
CFDs on cryptocurrencies are not appropriate for all investors and therefore, investors should not trade in such products if they don’t have the necessary knowledge and expertise in this specific product.
CFDs on cryptocurrencies are offered with nightly roll-over fees so it costs money to hold open positions. These fees are charged due to the fact leverage is offered and because there are costs associated with handling physical cryptocurrencies.
Please make sure that you have carefully read the clauses related to cryptocurrencies in our Terms and Conditions and in our Risk Disclosure and ensure that you fully understand the risks related to trading CFDs on cryptocurrencies.