We found 11 online brokers that are appropriate for Trading CFD Crypto.
One question many people (particularly, beginners and novice traders) have is, 'Can you trade cryptocurrencies using a Forex or CFD platform?' In short, the answer is a resounding, 'YES!' There are, however, slight variations— some quite significant— that apply to cryptocurrency trading on either of the aforementioned platforms. Let's have a deeper look at the question and carefully try to understand exactly what the title is asking.
It should be noted that a trader enters into a contract on Bitcoin, Litecoin, Ethereum, or other cryptocurrencies with a CFD provider based on price movements. There is technically no ownership of the currencies involved. In addition, there is no exchange of currencies. Which results in one of the easiest ways to trade cryptocurrencies.
With no official exchange of cryptocurrencies, the risk of hacking is also minimized. Hacking is a real threat when trading cryptocurrencies. Even the most reliable exchanges have been hacked in the past and there is no guarantee that hacking will not happen in the future. Hacking has a disastrous effect on both investors and exchanges.
CFD traders usually take advantage of price movements. Profits can be made if a trader has a buy position when the sell rate increases beyond the opening buy rate. On the other hand, losses can be suffered if the sell price moves below the buy position.
There are some significant differences between trading on an exchange and on a Forex or CFD platform. Some of these are discussed below:
Those traders who have already traded Forex or CFDs on MT4 or other popular trading platforms, are probably already familiar with the process. Cryptocurrency CFD trading is very similar.
Trading cryptocurrency CFD involves technical, as well as fundamental, analysis. In fact, it should be a balance of both. And, setting up a risk management tool is key to accomplishing this. Beginners should understand risk management tools because cryptocurrency is highly volatile and price movement can be either positive or negative— in tens, or even hundreds of units each trading day. This is a significant change compared to Forex assets, which move in fractional percentage points. Even the most volatile commodities, like crude oil, only move in single digits.
Controlling the risk involved is important. Proper use of management tools may minimize risk and increase the probability of profit.
New coverage plays an important role in the fundamental analysis of the price movements of crypto-coins in CFDs. It must be understood that there is no economic calendar; therfore, it can not be known when the latest news will be released. Moreover, 'crypto news' is centered around a couple of adopted points according to declarations made by regulators.
It is highly recommended to pay attention to price correlations. Litecoin and Bitcoin Cash ABC were both developed using the structure of Bitcoin; and, in effect, are clones of Bitcoin. Hence, Bitcoin can drag the prices of Litecoin up or down.
Yes, cryptocurrencies can indeed be traded using a Forex/CFD platform. We tried to show how this is possible, and also highlighted some of the important aspects of crypto Forex/CFD trading. It is also important to mention in closing that the rules or protocol of CFD must be followed.
It cannot be denied that cryptocurrency is highly volatile— several folds more than crude oil, which is also volatile in CFD assets.
Cryptocurrency trading is not for beginners or amateur traders who have limited capital to invest or might lack the capacity for risk. Even the most experienced traders may fail to predict the price movements of crypto-coins. More than this, profits cannot be guaranteed by anyone, no matter their level of expertise.
We have conducted extensive research and analysis on over multiple data points on Can You Trade Cryptocurrencies Using a Forex or CFD Platform to present you with a comprehensive guide that can help you find the most suitable Can You Trade Cryptocurrencies Using a Forex or CFD Platform. Below we shortlist what we think are the best CFD Crypto after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Can You Trade Cryptocurrencies Using a Forex or CFD Platform.
Selecting a reliable and reputable online CFD Crypto trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade CFD Crypto more confidently.
Selecting the right online CFD Crypto trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
When choosing a broker for CFD Crypto trading, it's essential to compare the different options available to you. Our CFD Crypto brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.
By comparing these essential features, you can choose a CFD Crypto broker that best suits your needs and preferences for CFD Crypto. Our CFD Crypto broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top CFD Crypto.
Compare CFD Crypto brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a CFD Crypto broker, it's crucial to compare several factors to choose the right one for your CFD Crypto needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are CFD Crypto. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more CFD Crypto that accept CFD Crypto clients.
Do not invest unless you are prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.
Broker | IC Markets | Roboforex | eToro | XTB | XM | Pepperstone | AvaTrade | FP Markets | EasyMarkets | SpreadEx | FXPro |
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Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 | FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) | Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926), Capital Markets Authority (CMA), Securities Commission of the Bahamas (SCB) | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB) |
Min Deposit | 200 | 10 | 100 | No minimum deposit | 5 | 200 | 100 | 100 | 100 | 1 | 100 |
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Used By | 180,000+ | 1,000,000+ | 30,000,000+ | 935,000+ | 10,000,000+ | 400,000+ | 300,000+ | 10,000+ | 142,500+ | 10,000+ | 1,866,000+ |
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Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Web Trader, TradingView, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, cTrader, Tablet & Mobile apps |
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Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 76% of retail investor accounts lose money when trading CFDs with this provider. | 76-85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 74-89 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Your capital is at risk | Losses can exceed deposits | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider |
Demo |
IC Markets Demo |
Roboforex Demo |
eToro Demo |
XTB Demo |
XM Demo |
Pepperstone Demo |
AvaTrade Demo |
FP Markets Demo |
easyMarkets Demo |
SpreadEx Demo |
FxPro Demo |
Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH | ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, MG, MK, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, AX, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, MO, UA, JO, KR, | US, IN, PK, BD, NG , ID, BE, AU | US, CA, IL, IR | AF, AS, AQ, AR, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, UY, VU, VG, EH, ES, YE, ZW, ET | BE, BR, KP, NZ, TR, US, CA, SG | US, JP, NZ | US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE | US, TR | US, CA, IR |
You can compare CFD Crypto ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top CFD Crypto for 2024 article further below. You can see it now by clicking here
We have listed top CFD Crypto below.
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.