Cryptocurrency
Cryptocurrencies are volatile, unregulated, decentralised and controlled almost exclusively by retail speculators. Trade the world’s newest and most exciting asset class as CFDs with an FSA regulated Forex CFD Provider.
The IC Markets Cryptocurrency CFD product allows traders to go long or short without actually holding the Cryptocurrency. This means traders can get exposure to the price of the Cryptocurrency without worrying about the security risks associated with storing it and the counterparty risk from the exchange. This is similar to trading Energy Futures such as oil rather than owning physical oil to speculate on its price.
Cryptocurrency Facts
- 1:200 Leverage MetaTrader4/MT51:5 Leverage cTrader
- Trade the market 7 days a week
- Long or short
- FSA regulated
- No commissions
- REAL live support!
How does Cryptocurrency CFD trading work?
Bitcoin is a digital cryptocurrency that derives its value from supply and demand factors unique to this asset class.
Bitcoin is available in a finite supply and therefore increases in price as demand increases.
Demand stems from speculative sources and more practical sources, for example Internet purchases paid for in Bitcoin.
Bitcoin also has a tendency to react to market sentiment in more traditional markets such as equities and foreign exchange, increasing during periods of negative sentiment.