How to start trading Bitcoin (BTC) on Axi MT4? Table of Contents
Trading Bitcoin CFDs with Axi
Trade Bitcoin CFDs with the world’s most popular cryptocurrency.
Cryptocurrencies such as Bitcoin are extremely volatile and can record more or less abrupt price movements for no apparent reason due to the lack of liquidity and ad-hoc news.
It is often little or no fundamental rationale behind pricing, therefore trading Bitcoin CFDs poses a significant risk to retail clients.
Although Axi quotes Bitcoin only during the week, the asset can be traded on the weekend, but this means that it is possible to see significant price changes between Friday and Monday.
These instruments must therefore only be traded by customers with sufficient experience to understand that you risk losing your entire investment or more in a short period of time and that it is appropriate to use a very small part of your portfolio.
Why you should invest in Bitcoin with Axi?
- No digital wallets needed
- Take advantage of the high volatility of Bitcoin without having to open a digital wallet or physically purchase Bitcoin and without running the risk of the digital currency being stolen.
- Comprehensive customer support
- Axi’s award-winning support team is at your disposal 24 hours a day, 5 days a week.
- Apply leverage for higher returns
- Trade Bitcoin with up to 10 times your initial investment.
- Without GST
- Unlike direct Bitcoin purchases, which can be subjected to 10% GST, Bitcoin trading is tax-exempt (only applies to residents of Australia).
Open Axi’s Account to trade Bitcoin
What is Bitcoin?
Bitcoin is a form of digital currency, also known as “cryptocurrency”.
Since its inception in 2009, it has become an increasingly accepted form of international currency, used by everyone, including governments and small traders.
Unlike traditional forms of currency, which rely on banks to facilitate transactions, Bitcoin is part of a decentralized online payment network that relies on cryptography for transfer from one user to another using blockchain technology.
In trading, Bitcoin works in exactly the same way as other FX pairs.
Learn about Crypto with Axi for free
Why trade cryptocurrency CFD?
Since Bitcoin is not a centralized currency, i.e. controlled by a single bank or dominated by interbank dealers, the Bitcoin market can experience rapid and significant price swings in reaction to retail demand.
Also, you don’t need to own Bitcoin to benefit from it.
All you have to do is trade based on its price movements and take advantage of the opportunity to trade in both directions.
Is trading with CFDs regulated on Axi?
When trading a volatile cryptocurrency such as Bitcoin with a CFD, it is crucial to choose a reliable and responsible broker for your operations.
Protect your account and reduce risk by choosing a trusted, respected, and properly regulated broker.
Please check Axi official website or contact the customer support with regard to the latest information and more accurate details.
Axi official website is here.
Please click "Introduction of Axi", if you want to know the details and the company information of Axi.
Comment by Hans
April 24, 2024
as I am trading here various assets, for me it's the most important feature. i mean, flexibility in tradable markets. i alternate trading styles, meaning that sometimes I trad...