We found 11 online brokers that are appropriate for Trading Cryptocurrency CFD.
Lately, Bitcoin, Ethereum, XRP (Ripple), Litecoin and other such virtual currencies have gained popularity and new ways of trading these are being conceptualized. One such method is a contract for difference. However, some traders have questioned the rationale behind trading cryptocurrency CFDs.
In this articles, we will discuss the pros and cons of cryptocurrency CFDs in the digital currency world.
Cryptocurrency is a revolutionary concept in the currency world. Trading cryptocurrency CFD does not require a digital wallet to trade on rising and falling prices in a market that is open 24/7. It is also one of the best ways to diversify one's portfolio.
The following are the basic mechanisms of CFDs and trading cryptocurrency CFD:
Both have similarities as the two are derivatives. However, differences still exist. A CFD is a contract for difference in the prices of the underlying asset. On the other hand, the ETF is a fund aggregating assets into one tradable instrument.
Brokers offer a CFD directly to traders and it is sometimes used to create a portfolio. Meanwhile, financial institutions are responsible in composing the ETFs.
As cryptocurrency is lately generating immense interest among traders as an alternative investment, a large part of it is traded in CFDs. At the beginning of 2017, the price of Bitcoin was $1,000. By the end of the same year, the value rose to more than $19,000. Traders gained confidence with such a rocketing move. When CME, CBOE, and other such exchanges launched futures contracts in the crypto, more traders started paying attention.
Many simply invest money into cryptocurrencies to gain some exposure. It is simply purchasing the actual digital currency. However, this process is slower compared to instant fills. Also, the crypto industry is highly unregulated.
With CFDs, traders can sidestep such concerns as the instrument allows fast transaction times and this is perfect in a volatile market.
Bitcoin is the first digital currency that was launched in 2008. Currently, it has the largest market capitalization as well as the highest price levels. It dominates about half of the complete crypto market cap. In December 2017, it reached the highest price level with the $19,783 USD mark.
LTC is a slightly different type of cryptocurrency in terms of scalability. Bitcoin takes about 10 minutes to mine a block while LTC takes just about 2.5 minutes. This is why it is a popular altcoin.
Ripple is mostly preferred by bankers such as the Bank of America and Santander. Its network follows advanced technology and is a next-generation real-time gross settlement system. The currency's cross-border transaction fee is also very low.
Ethereum is the second largest cryptocurrency after Bitcoin. Developers can create smart contracts through Ethereum.
Created in 2017 to counteract the Bitcoin scalability problem, it fulfills the Peer-to-Peer Electronic Cash promise of Bitcoin. It offers unrestricted growth, decentralized development, global and adoption, and several other features.
We have discussed why it is good to trade cryptocurrency CFDs. However, it is important to note that the digital currency market is highly volatile. As cryptos are unregulated, it is suggested to trade the coins after sufficient research and market analyses.
Traders have made a fortune, particularly in Bitcoin and other early-created currencies, but many others have also lost money. Fortunately, it is a relief that CFD requires just a fraction of investment of the entire traded volume. However, traders should always understand their risk-taking capacity before investing money in cryptocurrency.
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.
Something to be aware of if you are considering trading in cryptocurrency is that the FCA in the UK have published new rules banning and restricting the sale of derivative and ETNs with certain crypto assets.
To be clear the FCA is not restricting UK customers from buying cryptocurrency assets like Bitcoin or Ethereum directly. The FCA is restricting trading based on the price movement of cryptoassets for example with a Crypto CFD contract. You should understand all the risks of cryptocurrency trading where ever you are in the world.
You can learn more about the FCA's view on cryptocurrency trading here.We have conducted extensive research and analysis on over multiple data points on Why Trade Cryptocurrency CFDs to present you with a comprehensive guide that can help you find the most suitable Why Trade Cryptocurrency CFDs. Below we shortlist what we think are the best Cryptocurrency CFD after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Why Trade Cryptocurrency CFDs.
Selecting a reliable and reputable online Cryptocurrency CFD 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 Cryptocurrency CFD more confidently.
Selecting the right online Cryptocurrency CFD 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 Cryptocurrency CFD trading, it's essential to compare the different options available to you. Our Cryptocurrency CFD 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 Cryptocurrency CFD broker that best suits your needs and preferences for Cryptocurrency CFD. Our Cryptocurrency CFD broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Cryptocurrency CFD.
Compare Cryptocurrency CFD brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a Cryptocurrency CFD broker, it's crucial to compare several factors to choose the right one for your Cryptocurrency CFD needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are Cryptocurrency CFD. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Cryptocurrency CFD that accept Cryptocurrency CFD 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+ | 1,000,000+ | 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, cTrader, 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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Learn More |
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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, 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, 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 Cryptocurrency CFD 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 Cryptocurrency CFD for 2024 article further below. You can see it now by clicking here
We have listed top Cryptocurrency CFD 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.