Trading Cryptocurrency via CFDs
What is CFD Trading?
CFD or Contract for Difference Trading, implies wherein the trader speculates on the future price movements of the asset, without actually owning it.
What does it mean to trade Crypto via CFDs?
This means that you are not trading crypto directly but instead through a broker via CFD trading. Here the broker is free to set the leverage as the crypto market is not bound to regulatory requirements, unlike the Forex market.
Advantages of CFD Cryptocurrency Trading that you don’t get with direct trading:
- Easy way to start: It is relatively easier to trade crypto cfds because you don’t have to deal with exchanges. And you don’t even have to create a crypto storage wallet. Moreover, the customer support on cfd trading platforms tends to be much better.
- High leverage: The main reason for trading crypto via CFD is that it gives access to high leverage. This gives traders a bigger market exposure.
Brokers who offer CFD Cryptocurrency:
- FX Choice
Cryptocurrency trading can be a great trading option. However, there are certain things that need to be considered when engaging in cryptocurrency trading. It is important that you choose the right broker and begin with cryptocurrencies that have relatively stable price movements.
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