Trading Cryptocurrency via a CFD trading platform means you are simply speculating on the price movement of the cryptocurrency, rather than purchasing the currency itself. As you do not own the asset you don’t have to worry about the complex process of setting up a digital wallet, security over your holding or ownership costs. You can also exit your position when you want without waiting to find another party to take your trade.
Cryptocurrency CFD trading is a leveraged product which means you only need to stump up a small amount of trading funds in order to open significantly larger trade sizes. For example, if you wanted to buy 1 Bitcoin you’d need c., $10,000 to cover the cost of purchasing the physical asset, however if you wanted to trade 1 Bitcoin via a CFD product, you’d only need to deposit a fraction of the total value into your trading account to open the trade. With Exxomarkets , you only need 2% of a crypto’s full value.
Go LONG and SHORT
If you trade Crypto via CFDs, you can trade on falling prices (“going short”) as well as rising prices (“going long”). This is one of the major advantages of CFD trading – you are merely speculating on the price movement of a financial market without having to buy the physical asset.
As part of our Price Transparency Promise, our spreads always very low during trading hours, so you could save your costs .
The risks of loss from investing in CFDs can be substantial and the value of your investments may fluctuate.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how this product works, and whether you can afford to take the high risk of losing your money. CFD Accounts provided by ExxoMarkets LLC.
Exxo Markets LLC, registered under Saint Vincent and the Grenadines Financial Services Authority (“SVGFSA”) with registration number 2592 LLC 2020 and located on First Floor, First St Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines. The information on this site is not directed at residents of the United States and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation. .
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