Low spread broker for cryptocurrency CFDs
Trading cryptocurrency CFDs is an easy way to profit from cryptocurrency prices。However, not all brokers offer their best spreads。
Trading cryptocurrency CFDs is an easy way to profit from cryptocurrency prices。However, not all brokers offer their best spreads。
In recent years, many low spread forex and CFD brokers have started offering cryptocurrency CFDs to their traders.。The offer was especially popular in 2017 when the cryptocurrency bull market was huge。Since then, it has continued to be attractive to traders and brokers.。As a result, it has become a major product in financial instruments。
Trading cryptocurrencies through CFDs may be ideal for traders who just want to speculate on price movements without actually owning a particular digital currency。These traders will then use their positions to pay a fraction of the total cost up front while gaining exposure to multiple cryptocurrencies from one trading account.。
One of the big differences between cryptocurrency trading and regular forex trading is that the cryptocurrency market is open 24 hours a day, 7 days a week, while the forex market has no trading activity on weekends because the market is closed on weekends.。
However, for practical reasons, many of the low spread brokers that offer crypto CFDs choose to use almost the same trading hours as the forex market.。Here's Why Cryptocurrency CFDs Trade Rarely Happens Over the Weekend。
Now let's examine 6 low spread brokers that are great for trading cryptocurrency CFDs。
IC Markets
This is ideal for traders looking to trade cryptocurrency CFDs through the MetaTrader 5 platform。Founded in 2007, it has been Australia's leading online broker, focusing primarily on forex trading, but also offering traders the opportunity to trade cryptocurrency CFDs.。IC Markets has a range of trading platforms for traders to choose from, including MetaTrader 4, MetaTrader 5 and cTrader, while traders can also enjoy the benefits of real ECN execution。
IC Markets operates under strict regulations maintained by two of the world's most prominent financial regulators, ASIC and CySEC.。Being regulated by both institutions allows brokers to operate in large markets such as Australia and Europe。IC Markets is a true ECN CFD broker with 25 top liquidity providers。This enables brokers to offer true ECN pricing without the need for trading desk order execution and without the need to re-quote on the MetaTrader 5 platform。
IC Markets has no limit on limit orders and no limit on trade size。Clients can also hedge their positions when using MT5 software。IC Markets offers 18 cryptocurrencies for CFD trading, all of which are paired with the U.S. dollar, the most famous of which are Bitcoin, Bitcoin Cash, Dogecoin, Ethereum and Ripple.。
24 / 5 all-weather trading, no commission, maximum leverage of 1: 5。Broker offers BTC / USD trading minimum spread of 8.710 points, BCH / USD trading minimum spread of 2.210 points。
IC Markets 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 registered under the Seychelles-based IC Markets SEY and are 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 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.。
IC Markets "minimum deposits are at a moderate level compared to other 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。
Due to the trading technology of IC Markets equipped with highly centralized servers and extremely low latency (especially on cTrader), the broker is well known for its ability to host traders with special needs for high-frequency trading and order brushing。
In summary, 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.。
FP Markets
FP Markets is one of the best brokers for trading cryptocurrency CFDs using MetaTrader 4 as it optimizes the functions of the cryptocurrency CFDs trading platform。The broker also offers ECN trading conditions, which is more favorable for traders。Founded in 2005, FP Markets has grown to become one of the world's most reputable online brokers using the ECN pricing model.。The broker is regulated by CySEC, which allows it to do business in Europe, and by ASIC, which allows it to do business in Australia.。
Through the ECN model adopted by the broker, it can provide a small spread even on its cryptocurrency CFDs。As of press time, there are 11 cryptocurrencies available for CFD trading with a maximum leverage of 1: 2。FP Markets Offers Bitcoin Lowest Difference of 4.5 points, for other cryptocurrencies, the broker can even offer as low as 0.The difference of 0010 points。
FP Markets transmits price data directly from its deep pool of liquidity providers, which allows brokers to ensure the highest level of price transparency for their clients.。It also allows brokers to offer ultra-low spreads across their CFDs product listings, as well as incredible order execution with little slippage.。
FP Markets clients have access to institutional-grade liquidity, which will allow them to take full advantage of the no-desk execution and no re-quotes on the broker's MetaTrader 4 platform。Since the broker's MT4 server is located in the Equinix NY4 data center, FP Markets can provide its customers with ultra-low latency and high-speed order execution of 37 milliseconds。
Although FP Markets offers a limited number of CFDs trading cryptocurrencies with only 11 (Bitcoin, Litecoin, Bitcoin Cash, Ethereum, Ripple, Cardano, Stellar, Chainlink, EOS, Polkadot, and Dogecoin), it remains the best broker for cryptocurrency investors looking to trade low-spread cryptocurrency CFDs.。
Maintaining an overnight position will not result in overnight / rollover fees reducing your income, so you don't have to worry about。FP Markets offers the most competitive swap rates in the industry by introducing swap points in the form of real-time swap rate listings on the MT4 and MT5 platforms。For example:
- ACWI: long position is -5.00, the short position is -2.50。
ADAUSD: long position at -20.00, with a short position of -20.00。
AGG: long position is -5.00, the short position is -2.50。
AvaTrade
AvaTrade is a leading global forex and CFD broker, licensed and regulated by some of the most prominent financial institutions, with operations on five continents.。It also has one of the largest number of cryptocurrency products, with a total of 17 to choose from, while also offering a competitive fixed spread for cryptocurrency CFDs.。
CFD trading can be done 24 / 7 on its digital currency, making it the only broker on the list that offers weekend cryptocurrency trading.。In addition, the transaction does not charge any bank fees or commissions。One of the big advantages of AvaTrade compared to other CFD brokers is that the maximum leverage of crypto CFDs is 1: 25。
The list of cryptocurrency CFDs offered by AvaTrade includes Bitcoin, which is structured to trade with three different fiat currencies, namely the Euro, the US Dollar, and the Japanese Yen, among which:
- Bitcoin / Euro (BTC / EUR) - Market Spread 0.30%, leverage 1: 20
Bitcoin / USD (BTC / USD) - Market Spread 0.20%, leverage 1: 25
Bitcoin / Japanese Yen (BTC / JPY) - Market Spread 0.30%, leverage 1: 20
The rest of the list of cryptocurrencies offered by AvaTrade includes Ethereum, Ripple, Dash, Bitcoin Cash, Stellar, NEO, EOS, Bitcoin Gold, Litecoin, and more, as well as a cryptocurrency index called the Crypto 10 Index that increases customer exposure to the cryptocurrency market.。
Avatrade is one of the most comprehensive brokers, supporting almost all trading styles。Avatrade not only allows hedging, scalping and expert advisors (EA), but also completes its services through one cancellation of another order (OCO) and automated trading in many variants of automated trading systems.。
Founded in 2006, AvaTrade's primary mission is to allow people to trade with confidence.。If traders are still confused about the best broker to support traders trading, AvaTrade may be the trader's choice, as it has been evaluated and recognized for some of the industry's most outstanding financial and technical achievements for its clients.。
In 2019, the Dublin-based broker acquired Daytrading."Best Forex Broker 2019" by com。In addition, the company has been honored as "Best Forex Broker," "Best Bitcoin CFD Trading Provider of the Year" and "Best Alliance Program in Europe."。
In addition, for more liquid traders, AvaTrade offers a number of platforms that allow traders to trade using laptops and mobile phones。The availability of the free Autochartist tool in the platform is the best support for both novice and experienced traders, as it makes it easier for them to find trading opportunities without having to look at the chart all day。
Autochartist free signals available in gold accounts, platinum accounts and AVA Select。By opening an account with AvaTrade, traders do not have to pay for the full Autochartist service。Autochartist itself is a market scanning tool that can detect trading signals from various technical perspectives.。
Traders can access AvaTrade on multiple platforms such as AvaTradeGO, MetaTrader 4, MetaTrader 5, Automated Trading, Mac Trading, Web Trading, Mobile Trading and AvaOptions。
On the regulatory side, AvaTrade has a large number of credible licenses that guarantee security even with deposits as high as $10,000.。AvaTrade uses a separate account system, subject to the Central Bank of Ireland (No..C53877), ASIC Australia (No.406684), Japan JFSA (No.1662) and South Africa (FSP 45984) regulatory。
In the event of extreme market volatility, will traders suddenly lose more than their deposits??AvaTrade explicitly answers no because traders have negative balance protection。
AvaTrade has a minimum deposit of $100 and offers different leverage depending on the trading instrument; whether it is Forex (30: 1 start), Indices (20: 1 start), Commodities (5: 1 start), ETFs (5: 1 start) or Cryptocurrencies (2: 1 start)。
AvaTrade is committed to maintaining a set of customer-related values。As a result, the company offers the best trading experience with multilingual customer service and the most advanced and user-friendly trading platform.。
New traders can also learn Forex trading in the "Education" tab of the official AvaTrade website。Traders will find tons of articles, video tutorials and more tools to help them every step of the way。This is an important requirement as the forex market can be a bit unbearable and even scary at times, so traders need to make sure they are fully prepared before they start trading in a live account。
AvaTrade offers a variety of account types, as well as Islamic trading accounts specifically for Muslim traders.。The Islamic account type is similar to the regular account type with one key difference; it does not charge any special fees or interest (no overnight interest), which is in line with the financial principles of Islamic law。
Traders can choose AvaTrade as an ideal option if they are confident in forex trading。The minimum deposit and the various platforms offered are suitable for beginners trying Forex trading for the first time。
Pepperstone
Headquartered in Australia, the broker is a leading cryptocurrency trading platform offering CFD trading in the world's 19 largest cryptocurrencies.。Bitcoin has a small spread and a minimum transaction size increment without additional commissions。The broker is regulated by some of the world's most prominent financial regulators such as FCA, ASIC and CySEC.。
Pepperstone supports trading cryptocurrency CFDs on three of the most popular platforms: cTrader, MT4, and MT5。The cryptocurrencies offered by Pepperstone include Bitcoin, Dash, Ethereum, Litecoin, and Bitcoin Cash, as well as variants of cryptocurrency pairs and indices.。
To trade cryptocurrency CFDs, customers don't need a cryptocurrency exchange or cryptocurrency wallet as they only need to speculate on price movements。Pepperstone also uses the ECN model, enabling it to provide fast order speeds and inter-bank spreads。
In terms of fees, Pepperstone's customers have a low of 30 points on Bitcoin and a commission rate of 3.$5 (Pepperstone Razor account only)。
Overall, Pepperstone is a top cryptocurrency CFD broker with highly rated software solutions, ultra-low fees, fast execution speeds of 30 milliseconds, and innovative crypto products.。There is a demo account available and there are no restrictions, so customers are free to test their cryptocurrency CFDs trading strategies。
Founded in 2010 by a team of experienced traders working together to improve online trading, Pepperstone is based in Melbourne, Australia and has grown into one of the world's largest forex brokers.。If a trader wants to find a broker that offers low spreads, fast execution and award-winning support, the answer is Pepperstone。
Pepperstone has strong legal safeguards as it is licensed by Australian regulators ASIC and FCA.。Traders "funds can be deposited into separate accounts at Australia's top banks, one of which is National Australia Bank (NAB).。Therefore, if a trader chooses to open an account in Pepperstone, the safety of funds is not an issue。
They successfully partnered with 23 top banks to bring bids to investors instantly via fiber optics, which enabled all orders to be executed 100% automatically with delays as low as zero..05 milliseconds, no need for trading desk intervention and re-quotation, and ultra-low transaction costs。
Pepperstone is trusted by more than 73,000 traders worldwide, processing an average of 125 per day..$500 million in trading volume and won awards for such things as:
- Best Forex ECN Broker and Best Forex Trading Support Worldwide 2019 (Europe)
Best Australian Broker and Best Trading Platform 2018 by Compare Forex Brokers
2018 UK Forex Awards Best Forex ECN Broker, Best Forex Trading Support and Best Forex Trading Conditions
With numerous awards, Pepperstone attracts more and more traders from all over the world。Pepperstone's performance rose not only because of its ultra-low spreads and fast execution services, but also because many traders were keen to trade in currencies other than the US dollar.。
As a result, Pepperstone is one of the most responsive brokers to the market because it is willing to accept deposits in 10 currencies, including the Australian dollar, the US dollar, the euro, the Canadian dollar, the British pound, the Swiss franc, the Japanese yen, the New Zealand dollar, the Singapore dollar and the Hong Kong dollar.。
Pepperstone allows traders to choose between 11 trading platforms: MT4 Desktop, MT4 Mac, MT4 iPhone, MT4 Android, MT4 iPad / Tablet, MT5, WebTrader, cTrader WebTrader, cTrader cAlgo and cTrader Mobile。The choice of trading platform is very practical for novices because it executes quickly。
When trading Forex, traders can enjoy 0 on their Razor account.0 pip original spread, over 61 currency pairs, and commission-free account funds for various deposit options。In addition to currency pairs, Pepperstone offers several types of trading tools, including indices and stocks, commodities and cryptocurrency CFD。
Commodity trading tools are very diverse, not only metals, gold and silver, but also soft commodities such as cotton, sugar, coffee, cocoa and orange juice.。Pepperstone also offers energy (oil and gas) trading.。
Pepperstone offers two types of accounts, Razor accounts and Standard accounts。If you are a beginner, it is recommended to choose a EUR / USD average spread of 1.0-1.3 point and commission-free standard account。
Traders with specific trading styles (such as scalping traders and algorithmic traders) may enjoy the traditionally lower-cost setup of Razor accounts, with a trading commission of 7 Australian dollars and a trade of 100,000 US dollars per round..01 (micro) and 1: 400 leverage to start trading。
As Pepperstone customers, traders can deposit and withdraw money through Visa, Mastercard, POLi Internet Banking, Bank Transfer, BPay, PayPal, Neteller, Skrill and Union Pay。
If you are new to trading or want to practice your trading skills in a risk-free environment, you can create a demo account, but if you are experienced or prefer to learn by doing, Pepperstone offers live accounts that allow you to trade with real-time execution and pricing.。
Traders can also use third-party services to follow popular trader scenarios while learning how to improve their trading abilities。Pepperstone works with a range of social trading platforms for traders to choose from, such as Myfxbook, ZuluTrade, Mirror Trader, MetaTrader Signals and Duplitrade。
IG
IG has a reputation as an online broker for Forex and CFDs, providing a wealth of educational resources useful to beginners, and is regulated by ten jurisdictions around the world, including the UK FCA, ASIC Australia and the US CFTC。
IG offers cryptocurrency traders the opportunity to trade 12 cryptocurrencies (including Bitcoin, Ripple, Ethereum, EOS, and Litecoin) or gain access to a wide range of investments through the Crypto 10 Index。The margin requirement for retail customers of all cryptocurrency CFDs is 50%, although larger positions may require higher margin as determined by IG's margin rating system。As for the lowest spreads, traders can trade Bitcoin on this broker with spreads from 36。
IG Markets is an online trading provider with decades of experience in the financial markets。Founded in 1974, the world's leading company has more than 178,000 customers worldwide as of 2019, covering more than 16,000 markets, and is licensed and regulated by the Australian Securities and Investments Commission (ASIC).。It should also be noted that IG Markets is one of the most cutting-edge online CFD brokers, and their services have expanded to 15 countries on five continents.。
As well as being known for its solid experience, IG Markets is also known for its truly broad range of trading tools。The broker has long been considered one of the most accomplished companies in offering clients the most traded assets, with instruments including forex pairs, 26 indices, more than 12,000 stocks, hard and soft commodities, cryptocurrencies and other markets such as bonds, interest rates and options.。
Forex trading in IG Markets is offered in two ways: CFD and DMA。The following are the conditions for each transaction type:
Forex CFD
- Minimum spread: 0.6 o'clock
Margin: None
Platforms: Web, Mobile Apps, MT4, ProRealTime, L2 Dealer, Terminal, and API
Transaction Size: Contracts
Virtual Account: Yes
Forex DMA
- Minimum spread: No details
Commission: From $10 per $1 million traded
Platforms: Web, Mobile Apps, L2 Dealer, Terminal, and API
Transaction size: lots
Demo Account: None
All customers can use these two trading methods, however, DMA does not support trading in MetaTrader 4, nor do customers allow virtual trading in demo accounts。It is essentially a type of trading reserved for experienced traders, and the best pricing in the market is very much needed, so DMA provides market depth from a range of exchanges (including the full market depth of the London Stock Exchange)。
The trading platforms in IG Markets are accessible via the web, mobile apps, and desktop, and they offer 2 platform types: Core Platform and Professional Platform。Core platform for all types of transactions with DMA, ProRealTime access and Forex Direct add-ons, while professional platforms include L2 Dealer, ProRealTime and MetaTrader 4。
The fees charged by the first two platforms include a minimum balance of $2000 and a monthly fee for stock data and Tier 2 price (for L2 Dealer), and a monthly platform fee of $40 and a monthly fee for stock data (for ProRealTime)。
There is no minimum balance requirement for IG Markets to open an account, it also offers no overnight interest accounts and customers do not have to pay any interest, rollover or overnight interest charges on overnight positions.。However, all costs and expenses are included in the spread。The account is ideal for long-term traders who need to keep a position for days or even weeks。
For beginners, IG Markets has established the IG Academy, offering interactive education and online trading courses。In this way, customers can master the financial markets through infographics, video presentations and trading highlights provided in after-school quizzes。Even better, IG Academy has been integrated into its mobile application, so customers can always understand the financial markets in a more effective way。
In summary, IG Markets is a client-friendly broker with over 40 years of experience to support its reputation, and their efforts and commitment are proven in a unique core and professional platform.。
Less experienced traders can apply for a Forex CFD account in Core Platforms or MetaTrader 4, while professionals can get the best experience in the financial markets through IG Market's DMA trading and L2 Dealer or ProRealTime platforms。
Plus500
Plus500 has a reputation as a top CFD broker and is recognized as one of the best cryptocurrency trading platforms with a variety of digital currencies available for trading, regulated by top financial institutions such as the UK FCA, the European CySEC, and the Australian ASIC.。
Plus500 offers a highly competitive range of cryptocurrencies where traders can trade 19 cryptocurrency CFDs and a cryptocurrency index with a maximum leverage of 1: 30.。Under the broker's negative balance protection policy, retail investor accounts cannot incur losses in excess of the initial deposit amount when trading CFDs。The broker offers spreads on cryptocurrency CFDs that vary depending on the particular digital currency, with Bitcoin spreads ranging from 49.From 66: 00。
Overall, the broker supports clients with a strong interest in cryptocurrency trading through favorable trading conditions。There is also a demo account where customers can test CFD trading and see if their strategy is suitable。
Plus500 is a UK-based company with its main offices in the City of London, which is authorised and regulated by the FCA.。For traders who are looking for a broker with a top regulator, Plus500 is the right choice。
Plus500 offers 2,000 instruments to more than 1 million customers。The list of instruments that can be traded through its CFD service includes forex currency pairs, indices, cryptocurrencies, commodities, stocks and ETFs。Traders can choose the right tool for their needs。
In any case, beginners should be extremely cautious when choosing an asset, as it can be confusing and inherently risky。
When a trader opens an account, Plus500 will hold the trader's funds in isolation in accordance with the FCA's client funds rules。Traders need not worry about Plus500 using their funds for hedging, as the broker strictly prohibits the use of client funds for this purpose。
Other advantages of trading at Plus500 are small spreads and no commissions. The company only offers a single type of account, but traders can update their accounts from retail to professional according to some criteria。
To apply for a professional account, traders must meet at least 2 of the following 3 criteria, such as sufficient trading activity in the past 12 months, a portfolio of financial instruments of more than 500,000 euros, and relevant experience in the financial services field。
Plus500 is widely acclaimed for its services with market spreads, retail account leverage of up to 1: 30 and professional account leverage of up to 1: 300.。Plus500 tries to give reasonable leverage options, not only to control risk, but also to help novice traders better control their trading emotions。
Founded in 2008, Plus500 provides almost the same features for retail and professional accounts, including customer fund protection, negative balance protection, best order execution, clear and transparent information, and financial services compensation plans。A professional account is more advanced, though, because FOS can be accessed。
According to statistics, 76 of Plus500's retail account owners.4% Losses on CFDs。Therefore, Plus500 always warns traders to consider their understanding of how CFDs work and their tolerance for taking on high loss risks before starting live account trading.。
Even so, Plus500 has earned the trust of traders around the world, opening some 39 million positions, having 304,000 active clients and processing billions of dollars in trading volume through its system.。
Plus500 always strives to provide the best service to its customers. One of the ways to achieve its goals is to give customers confidence in their trading activities。They have an easy-to-use trading platform and a specially designed mobile platform。Traders can access the Plus500 platform through web traders, iPhone / iPad and mobile apps。
On their platform, traders will have access to advanced tools such as stop loss limit, guaranteed stop loss, free email and market event push notifications, and price movement alerts, all of which can help traders better understand the market。
As for payment methods, Plus500 offers a variety of options such as Visa or MasterCard, e-wallets (PayPal and Skrill) and bank transfers (direct transfers between banks).。
If there are any concerns, hassles or trading issues, traders can contact Plus500's customer service, which is available 24 hours a day, 7 days a week。Plus500's official website can be accessed in 24 languages。
Overall, Plus500 has some advantages and disadvantages。Because it has a license from an elite regulator, traders can feel safe when trading at Plus500; it also provides a 24 / 7 support team to help traders。However, providing leverage up to 1: 300 is not suitable for high-risk traders, such as scalpers, who trade very frequently and hold short-term positions in the market, usually using high leverage。
Conclusion
This article examines six different low spread CFD brokers that offer cryptocurrency trading and their specific functions.。They are not the only brokers offering such services。Potential traders need to do further research and decide which broker is best for them and offer them the most favorable conditions to maximize profits。
What you always need to remember is that there is a high risk of quickly generating losses when trading CFD accounts, especially when leverage is involved。Therefore, for traders with little or no experience, it is recommended to adopt strict money management and maximize the use of various risk management tools to protect their positions。Due to its extreme volatility, the cryptocurrency market g needs to be more so.。
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