Trade.com – overview of forex trading platform (Crypto currency, CFD)

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Product Bid Ask Typical
Bitcoin USD
Bitcoin Cash USD
Litecoin USD
Ripple USD
Bitcoin GBP
Bitcoin EUR
Bitcoin AUD
Ethereum USD

Last Updated:

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Last Updated:

Market‡ Spread† Margin Rates Overnight Finance (Long) Overnight Finance (Short)
Bitcoin ($) From 35 From 25% 0.0411% (pay) 0.0136% (receive)
Bitcoin (£) From 45 From 25% 0.0411% (pay) 0.0136% (receive)
Bitcoin (€) From 55 From 25% 0.0411% (pay) 0.0136% (receive)
Bitcoin (AUD) From 55 From 25% 0.0411% (pay) 0.0136% (receive)
Bitcoin Cash ($) From 2 From 25% 0.0411% (pay) 0.0136% (receive)
Ethereum ($) From 1.2 From 25% 0.0411% (pay) 0.0136% (receive)
Litecoin ($) From 0.5 From 25% 0.0411% (pay) 0.0136% (receive)
Ripple ($) From 0.6 From 25% 0.0411% (pay) 0.0136% (receive)

† May change due to market conditions

‡ trading hours on cryptocurrencies are 22:00 Sun – 22:00 Fri

Lowest costs on your crypto trading compared to global competitors

We’re proud to offer the lowest costs on your crypto trading among these global competitors*, with market-leading pricing on Bitcoin, Ethereum, Litecoin and Ripple markets.

Assuming Bitcoin is priced at $9,000 IG CMC Plus500
Spread 35 36 37 36
Financing Long Short Long Short Long Short Long Short
Daily Cost 0.0411% -0.0137% 0.0548% -0.0137% 0.0685% -0.0137% 0.0485% 0.0200%
Overnight funding £3.70 -£1.23 £4.93 -£1.23 £6.17 -£1.23 £4.37 £1.80
Total daily cost for one trade £38.70 £33.77 £40.93 £34.77 £43.17 £35.77 £40.37 £37.80
Total cost of trade held for one year £1385.14 -£415.05 £1,836.18 -£414.05 £2,287.23 -£413.05 £1,809.23 £873.00

*Table is for comparative purposes only and features representative spreads from global competitors on their websites and platforms, and is correct to the best of our knowledge, as of 23/01/2020 11.00am BST. Trading costs are based on a Bitcoin ($) price of 9,000 and a 1 CFD trade, representing a total notional volume of $9,000. Plus 500 costs include the cost of reopening trades due to forced expiration dates. Positive numbers imply charges to client accounts; negative numbers imply credit received by clients.

Why trade cryptos as CFDs with FOREX.com?

Take advantage of crypto volatility

A trading partner you can trust

Trading vs. owning crypto

CFDs Owning crypto
Profit from rising crypto prices
Profit from falling crypto prices (go short)**
Trade on margin
Trade on volatility – no need to own the asset or have an exchange account
No exchange fees or complicated digital wallets
Lock in profits and cap losses with risk management tools

**Shorting only available on BTC and ETH.

Please be aware that owning cryptos does not have the same associated cost as trading it, and in some instances, it may be more costly to trade it.

Cryptocurrencies available for trading

Bitcoin

Ethereum

Litecoin

Ripple

Keep a finger on the pulse of the markets

Latest Research

  • Week Ahead: Crude Oil Returns to Focus April 3, 2020 8:35 PM
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  • NFP Data was BAD, but the Worst is Yet to Come April 3, 2020 2:38 PM

Read Latest Research

Trade cryptos on MetaTrader 5

The FOREX.com Advantage

Trade with confidence and benefit from the reliability of a trusted broker with a proven record of stability, security and strength.

Have questions? We’ve got answers.

What is the minimum trade size for cryptocurrencies

How does FOREX.com price cryptocurrencies?

Start trading cryptocurrencies with FOREX.com today.

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Please note that foreign exchange and other leveraged trading involves significant risk of loss. It is not suitable for all investors and you should make sure you understand the risks involved, seeking independent advice if necessary.

Contracts for Difference (CFDs) are not available to US residents.

FOREX.com is a trading name of GAIN Global Markets Inc. which is authorized and regulated by the Cayman Islands Monetary Authority under the Securities Investment Business Law of the Cayman Islands (as revised) with License number 25033.

FOREX.com may, from time to time, offer payment processing services with respect to card deposits through its affiliate, GAIN Capital UK Ltd, Park House, 16 Finsbury Circus, London, EC2M 7EB, United Kingdom.

GAIN Global Markets Inc. is part of the GAIN Capital Holdings, Inc. group of companies, which has its principal place of business at 135 US Hwy 202/206, Bedminster, NJ 07921, USA.

FXDailyReport.Com

Over the last few years, cryptocurrency trading has become one of the most attractive niches in forex trading. Other than it being extremely profitable, the lack of regulation is its biggest appeal. Still, cryptocurrencies like bitcoin, Ethereum ripple, dash, and Litecoin are dynamic, unstable instruments that need to be handled cautiously and in the most optimal way. To achieve this, you need to choose a trustworthy, well-established broker to carry out your cryptocurrency trading.

This is crucial to getting on the right track from the beginning when trading cryptocurrencies. When choosing a broker, it is important to note that not all are the same. A broker that meets the needs of another trader may not meet yours. Here are a few tips to help you choose the best forex broker for cryptocurrency trading:

  • Regulation and Reputation

To avoid dealing with an unprofessional broker and being scammed, you need to make sure all your crypto trades are made solely with a regulated broker. When choosing a forex broker to work with, make sure they are regulated within your jurisdiction to legally offer you their services. Regulated forex brokers are under constant supervision of the regulatory body. If you are in the UK, make sure to trade with a broker that is regulated by the FCA. If in Europe, ensure they are regulated by the CySEC. In case you are in Australia, they should be regulated by the ASIC.

  • An Efficient Trading Platform

It is important to note that cryptocurrency trading is more volatile than forex. Therefore, it demands that the platform is superbly responsive to be able to make moves in time. A good broker’s platform should be efficient to use. To beat the competition, the best cryptocurrency brokers work to attract clients by creating an intuitive trading platform that is suitable for both experienced and new traders. They offer technical analysis tools and basic risk management features like take profit or stop loss. Other sites also offer additional features, including price alerts, social trading networks or advanced educational centers. The crypto trading platform should allow you to trade in the market manage your accounts, perform technical analysis, and receive the latest news on all cryptocurrencies.

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Leverage: up to 400:1
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  • Transparent Fees and Commissions

All brokers, whether trading crypto coins or forex, charge commissions and offer margin accounts to traders. A reliable forex broker for crypto coins should inform you precisely the type of fees and commissions they charge as well as the risks involved. The common fees and charges made by brokers include:

• Wallet fees
• Transaction fees
• Trading fees

The last thing you want as a crypto trader is to get margin called simply because you could not log in to close an order. The cryptocurrency trading market is a 24/7 global market. The prices keep moving and are not limited to your time zone. Hence, when choosing a broker, you need to choose one whose platform offers full-time access.

For instance, when trading cryptocurrencies, mobile apps are a necessity as you may need to make or break deal-critical decisions throughout the day. If possible, consider using a reputable broker with a mobile app so that you are able to make successful trading decisions even while in transit.

  • Access to Crowd Wisdom

Today, there are some broker platforms that let you leverage the wisdom of seasoned cryptocurrency traders. This feature can go a long way in improving your returns on investment. Such a trading platform lets you observe the hottest trading trends of other seasoned and successful traders in the market.

Digital currencies trading keeps growing in popularity by the day. More and more people, be it speculators or beginner traders want to be able to make key decisions on time, every minute. Therefore, they need to have a setup ready as soon as they are verified by a broker. When choosing a cryptocurrency broker to trade with, consider one that can quickly get you started so that you can begin trading with minimal downtime.

This is one of the most important features to consider when choosing a trading platform to trade with. Digital money trading can be unclear, especially when a technical language is used. Also, because digital money works a little bit differently from any traditional money system. A good broker should be able to understand blockchain and cryptography terms. They should make an effort to explain it in their platform to make it easy to understand by a layman.

They should include clear notifications about the spreads offers, leverage available, deposit methods, the minimum cryptocurrency deposit to trade and the least amount that can be placed in a trade. Make sure you are able to establish all these details before registering with a broker.

  • High-Quality Customer Service

Cryptocurrency trading occurs 24/7. This demands the need for round the clock customer support. Better still, live support is highly preferred over auto attendants taking into consideration the intricacies involved in trading digital currencies.

  • Deposits and Withdrawals

Make sure to choose a broker that allows deposits and withdrawals through multiple platforms such as wire transfer, credit/debit card e-payment among others.

A good FX broker for cryptocurrency should have a sound financial backing. This ensures that your digital coins are safe and that the forex broker will not go bankrupt soon after signing up with them.

Cryptocurrency trading is a risky investment. New and fraudulent forex brokers for cryptocurrency trading are emerging every month, launching with crafty marketing campaigns intended to prey on an innocent investor. Therefore, ensure you proceed with caution. Cryptocurrencies are extremely volatile instruments to trade. So, ensure you are in the know of any breaking news, regulatory matters, and rumors which all dictate the market behavior. Above all, make sure you are working with a reputable, reliable and experienced broker.

While it would be easier to point a finger and tell you the best crypto broker, we know and understand that each client has different preferences. Be knowledgeable about all your options and think about how you can spot a broker that is safe now, and in the long-run.

Trade with the Global Forex Trading Specialist

Why are traders choosing FOREX.com?

Global Market Leader

Connecting traders to the currency markets since 2001

Professional Accounts

Discover the FOREX.com
Pro Service

Lowest cost crypto trading**

The most cost-effective way to take advantage of crypto trading opportunities

Financial strength you can depend on

Your FOREX.com account gives you access to our full suite of downloadable, web, and mobile apps.

Trade on one of the world’s most popular trading platforms with access to dedicated support and integrated trading tools exclusive to FOREX.com.

Leverage our experts

Our global research team identifies the information that drives markets so you can forecast potential price movement and seize forex trading opportunities.

Latest Research

  • Week Ahead: Crude Oil Returns to Focus April 3, 2020 8:35 PM
  • OIL MARKET WEEK AHEAD: OPEC and Russia Back at the Negotiating Table April 3, 2020 8:14 PM
  • NFP Data was BAD, but the Worst is Yet to Come April 3, 2020 2:38 PM

Read Latest Research

Ready to learn about forex?

New trader?

Welcome, we’ll show you how forex works and why you should trade it.

Have some experience?

Let’s create a trading plan that will help you stay on track and meet your goals.

Want to go deep on strategy?

Great, we have guides on specific strategies and how to use them.

Open an account in as little as 5 minutes

Tell us about yourself

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Start trading

*Based on active MetaTrader servers per broker, Apr 2020. **Based on CFD spreads and financing competitor comparison on 28/08/19.

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It’s Your World. Trade It.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% 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. CFD and Forex Trading are leveraged products and your capital is at risk. They may not be suitable for everyone. Please ensure you fully understand the risks involved by reading our full risk warning.

FOREX.com is a trading name of GAIN Capital UK Limited. GAIN Capital UK Ltd is a company incorporated in England and Wales with UK Companies House number 1761813 and with its registered office at 16 Finsbury Circus, London, EC2M 7EB. GAIN Capital UK Ltd is authorised and regulated by the Financial Conduct Authority in the UK, with FCA Register Number 113942.

FOREX.com is a trademark of GAIN Capital UK Ltd.

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Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker 2020!
    Free Trading Education!
    Free Demo Account!
    Perfect for Beginners!

  • Binomo
    Binomo

    2 place in the ranking!

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