Cryptocurrency CFDs have long been an attractive alternative to profiting from the cryptocurrency market.。IC MarketsCould be a good place to trade。

Many may argue that cryptocurrencies are system breakers。there is no denying that,Cryptocurrencies Could Change the Fundamentals of Financial Markets。While some may think this is a bad thing, others have thrived from it and managed to make a lot of profit.。The high volatility of the cryptocurrency market makes it easier for traders to take advantage of extreme price fluctuations。Of course, this can carry a lot of risk, but most people would rather die than wait to be late。This has led to various ways of trading cryptocurrencies, one of which is cryptocurrency CFDs。

CFDs are nothing new。In fact, it's a popular form of derivatives trading。While this product is familiar to many traders, not many realize that cryptocurrencies can also be traded in the form of CFDs。Having said that, there are many good brokers offering crypto CFDs today。Let's takeIC MarketsExample。

Why chooseIC Markets？

IC Markets is one of the most popular brokers among CFD traders。There are many reasons for their success in earning a reputation。The best answer is probably because of the features they provide。First, they have a lot of trading platforms to choose from。The leverage of CFD products can be derived from1: 5 to 1: 200, brokers have a lot of tools to trade。These include forex, stocks, commodities and, of course, cryptocurrencies。在在IC MarketsThe best part of trading cryptocurrency CFDs is that traders are not charged any commissions。

IC Markets is a private company in International Capital Markets Pty Ltd..) an online forex brokerage company operated under。Traders under Australian jurisdiction offer trading services at IC Markets-AU, which is based in Australia and licensed by the Australian Securities and Investments Commission (ASIC).。

On the other hand, non-Australian traders who open accounts with the broker are under the Seychelles-basedIC Markets SEY registered and regulated by the Seychelles Financial Services Authority (SFSA)。This dual operation is the result of the Australian Securities and Investments Commission's relatively new rules, which prohibit its regulated brokers from providing trading services outside Australia.。

IC Markets is classified as an ECN broker offering clients MetaTrader 4, MetaTrader 5 and cTrader as platform trading options。The broker also follows market trends with cryptocurrencies as one of its products, enriching its already wide selection of trading assets, including currencies, indices, metals, energy, software, stocks and bonds.。

with other affectedThe minimum deposit for IC Markets is at a moderate level compared to ASIC-regulated brokers, as each customer has a deposit of $200。Market analysis materials are also regularly prepared for trading insights on the official website of IC Markets, proving their ability to provide traders with important content created specifically for the market experts they work for.。

For payment methods,IC Markets allows financing and withdrawals via wire transfers, credit cards, PayPal, Skrill, Neteller, FasaPay, UnionPay, and BitPay's Bitcoin。The more interesting aspect of the broker is its multiple base currencies, including the US dollar, Australian dollar, euro, British pound, Singapore dollar, New Zealand dollar, Japanese yen, Swiss franc, Hong Kong dollar and Canadian dollar。

因为IC Markets' trading technology is equipped with highly centralized servers and extremely low latency (especially on cTrader), and the broker is well known for its ability to host traders with special needs for high-frequency trading and order brushing。

Anyway,IC Markets is the right destination for active traders looking for well-regulated brokers。IC Markets is also flexible in terms of base currency and payment methods, which demonstrates their commitment to welcoming traders from outside their home countries.。By the end of 2019, IC Markets was offering websites in 18 international languages, including English, Korean, Indonesian, French, Spanish, Italian, Malay, German and Chinese.。

Should You Try Crypto CFD Trading?？

The real question is why many people choose to trade crypto CFDs？The answer is simple: this is because there are many advantages to trading cryptocurrency CFDs, as follows:

1.Easy to take out

Many people think that cryptocurrencyThe liquidity of the CDF is much better than the cryptocurrency itself.。For ordinary Bitcoin, traders have to go through a long process to extract profits。In addition, traders must convert their cryptocurrencies to fiat currency to enjoy profits。With crypto CFDs, this won't be a problem。The reason is that CFD is not an actual tool, so there is no need to convert。All the trader has to do is submit a withdrawal request to the broker。

2.安全

Many may argue that CFD brokers are considered safe and unaffected by cyber breaches。The reason isVery few cases of CFD platforms being hacked。On the other hand, cryptocurrency exchanges are vulnerable to multiple hacks。In other words, keeping crypto assets on exchanges is much riskier。Of course, there are several switches that equip themselves with 2FA or other security methods。But that doesn't mean hackers won't try to steal cryptocurrencies stored on exchanges。

With encryptionCFD brokers, the danger of hacking can be minimized。Traders don't actually need to own a cryptocurrency to buy an asset, so don't worry about any cryptocurrency being stolen。Not to mention that CFD brokers like IC Markets are usually licensed by financial regulators.。

3.Higher leverage

Another factor in the popularity of cryptocurrency CFDs trading is the ability to get good leverage from brokers。In fact, many CFD brokers offer higher leverage than traditional cryptocurrency platforms.。On most exchanges, traders cannot even use leverage for cryptocurrency trading。The standard leverage of cryptocurrency CFDs varies according to the broker's policy。

How to tradeIC MarketsCrypto CFDs

TransactionIC MarketsCryptocurrency CFDs are not too difficult because this broker is very friendly to beginners。However, it is understandable that some new traders may not know how to start trading crypto CFDs with this broker。StepIt's actually quite simple:

1.Open a real-time account

Like any other broker, inThe first step for IC Markets to start trading crypto CFD is to open a real-time account。Traders need to complete the following steps to create a trading account in IC Markets。First, traders will be asked to fill in some personal information。This includes country of residence, first and last name, email, and phone number。It is important to ensure that both the email and phone number are valid as they will be used during the verification process。Traders are also required to attach some important documents as proof of identity。This can be an ID card, driver's license or passport。

2.Select trading platform

TransactionThe next step in IC Markets Cryptocurrency CFDs is to choose a trading platform。IC Markets offers MT4, MT5 and cTrader。Each trading platform allocates different leverage。The leverage ratio of cTrader is 1: 5, while the leverage ratio of MT4 and MT5 can reach 1: 200。Traders looking for more trading power may feel more comfortable using MetaTrader。However, if leverage is not an issue, then cTrader can also be an amazing option。

3.SelectionA cryptocurrency

Choosing a trading instrument is an important step in trading, and CFD trading is no different。Considering that each cryptocurrency behaves differently, this may affect a trader's strategy。When it comes to CFD trading, it's always a good idea to choose a broker with more options。Presently,IC Markets has multiple encryption CFDCurrencyAvailable。Traders can access popular currencies like Bitcoin, Ethereum or Litecoin。In addition, they can also get dog coins,Tezos, Uniswaps and other alternativesDigital currency。

4.Open Position

TransactionThe next step in IC Markets crypto CFD is to open positions。The IC Markets Crypto CFD service allows traders to go long or short without holding cryptocurrencies。This means that traders can gain exposure to the product without worrying about the security risks of storing the product and the risks of the exchange.。This is the best part of cryptocurrency CFD trading。

5.gain profit

At the end of the day, the main idea of trading is to make a profit。So once the trader has accumulated enough profit, the last step is to exit。IC MarketsThe withdrawal process is the fastest in the industry.。Traders can submit withdrawal requests directly from the client's region。

IC Markets offers a variety of withdrawal options, from bank wire transfers, broker-to-broker, and debit or credit cards。They also allow withdrawals using e-wallets like PayPal, Neteller, Skrill。It is worth noting that the withdrawal request deadline is 12: 00 EST。Therefore, any withdrawal application submitted prior to this date will be processed on the date of receipt.。

Trading Cryptocurrency CFDs at the Best Spread

CFD trading is a great way to trade any financial instrument without the risk of owning real assets。The same rules apply to crypto CFDs。Given the high volatility of the cryptocurrency market, trading cryptocurrency CFDs may be a safer way to make a profit from。However, finding a cryptocurrency spread broker with many benefits can be difficult。However, likeCFDs brokers like IC Markets have a lot of options when it comes to CFDs。Not only is the typical high leverage and multiple cryptocurrency options, the broker also offers from 8.Competitive Bitcoin / USD Spread Starting at 7: 00。

In addition to CFDs, many traders like to trade other crypto derivatives。While this can bring a lot of benefits, it also brings some risks。In this article, explore everything about crypto derivatives and how to manage risk。