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What are Cryptocurrency CFDs?
The DIrect TT Cryptocurrency 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.This is similar to trading Energy Futures such as oil rather than owning physical oil to speculate on its price.
The first and largest cryptocurrency, Bitcoin paved the ways for hundreds of similar currencies and boasts a market cap of over $100 billion.
Designed by a former Google engineer to improve upon Bitcoin's technology, Litecoin offers quicker processing times and a larger number of tokens. It is also the first cryptocurrency to implement SegWit, a method of speeding up transaction times without compromising the underlying blockchain technology.
The world's second-largest cryptocurrency, it is labelled by many as "the next Bitcoin". Ethereum has received international recognition and support from giant organisations such as Microsoft, JP Morgan, and Intel.
Ripple is both a transaction network and crypto token which was created in 2012 as the go-to cryptocurrency for banks and global money transfers, and has recently experienced a period of growth.
|Market||Sunday 05.00 PM - Friday 04.55 PM|
|Overnight Rollover||1% of Value of Currency|
|Minimum/Maximum Trade Size||0.01/10|
|Limit & Stop Levels||0.01|
|Total Daily Volume Limit||10 Contracts|
|Commissions||Depending on Account Type|
Cryptocurrency CFDs can be traded on our MT4 Desktop, MT4 Mobile, MT4 Mac and DTTPro.
For a full list of offered products, click here.
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