Cryptocurrency Trading with IC Markets
The world of finance has been revolutionized by the rise of cryptocurrencies, creating an exciting new asset class for traders worldwide. Cryptocurrencies are volatile, unregulated, decentralised, and primarily controlled by retail speculators. IC Markets, an FSA regulated Forex CFD Provider, provides a unique opportunity for individuals to engage in this modern asset class, providing the perfect environment for leveraging cryptocurrency’s inherent volatility for potential gains.
Invest in Crypto with IC Markets
Flexible and Secure
IC Markets enables you to trade cryptocurrencies 7 days a week on the globally recognized MetaTrader 4 and MetaTrader 5 platforms. While some symbols may not be available during the weekends, detailed trading sessions are provided on the platforms to help you make the best trading decisions.
For clients registered with Raw Trading (excluding UK clients), the leverage available on Cryptocurrency pairs like BTCUSD, ETHUSD, LTCUSD, and BCHUSD is now 1:200. In contrast, the leverage for cTrader is 1:5. Unlike other asset classes such as FX, Equities, or CFDs on Commodities, the Cryptocurrency market is mainly dominated by retail speculators, ensuring a dynamic and exciting trading environment.
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The Intricacies of Cryptocurrency Trading
With IC Markets Cryptocurrency CFDs, you’ll trade in a market free from central bank intervention, interbank dealers controlling order flow, or giant pension funds influencing prices. Price movements on cryptocurrencies like Bitcoin or Ethereum are primarily driven by news and prevailing sentiment. These elements can lead to dramatic shifts, resulting in massive intraday price swings and creating an exciting environment for aggressive and experienced day traders.
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The Advantage of Cryptocurrency CFDs
IC Markets’ Cryptocurrency CFD product allows traders to go long or short without actually holding the cryptocurrency. This structure provides exposure to the price of the cryptocurrency without worrying about the security risks associated with storing it or the counterparty risk from the exchange. This is similar to trading Energy Futures such as oil, rather than owning physical oil to speculate on its price.
Key Facts about IC Markets Cryptocurrency CFDs
- 1:200 Leverage on MetaTrader4/MT5
- 1:5 Leverage on cTrader
- 7 days a week market
- Go long or short
- No commissions
- REAL live support!
- FSA regulated
IC Markets offer CFDs on an extensive array of cryptocurrencies, including:
- Bitcoin (BTC)
- The first and largest cryptocurrency
- Ethereum (ETH)
- The world’s second-largest cryptocurrency
- Dash (DASH)
- Known for its instant transactions and owner privacy
- Litecoin (LTC)
- Offers quicker processing times and a larger number of tokens
- Bitcoin Cash (BCH)
- Resulted from a hard fork of the Bitcoin blockchain
- Ripple (XRP)
- Created for banks and global money transfers
- EOS
- A decentralized operating system based on blockchain technology
- Emercoin
- A platform for secure distributed blockchain business services
- NameCoin
- Serves as a blockchain protocol and naming system
- PeerCoin
- Solves the inefficiency problem of the Proof-of-Work
- Polkadot
- Allows diverse blockchains to transfer messages and share features
- Stellar
- Enables low-cost digital to fiat money transfers
- Chainlink
- Provides data to blockchains
- Dogecoin
- Started as a ‘meme coin’ and now a popular option for traders
- Tezos
- A decentralized and Proof of Stake blockchain network
- Uniswap
- Enables automated transactions between cryptocurrency tokens
- Cardano
- A public blockchain platform for peer-to-peer transactions
- Binance Coin
- Initially formed as a utility token for reduced trading fees
- Avalanche
- A decentralized proof of stake blockchain platform
- Luna
- A native token of the Terra network
- Polygon Matic
- A platform that connects and evolves Ethereum-compatible projects
- Moonbeam
- An Ethereum-compatible smart contract platform on Polkadot
- Kusama
- Utilizes two types of blockchains in the Polkadot ecosystem
Invest in Crypto with IC Markets
Understanding Cryptocurrency CFD Trading
Bitcoin, for example, is a digital cryptocurrency that derives its value from unique supply and demand factors. Being available in finite supply, Bitcoin’s price increases as demand does. Bitcoin also tends to react to market sentiment in more traditional markets such as equities and foreign exchange, amplifying during periods of negative sentiment.
Consider this Bitcoin CFD Trading Example:
Assume you buy 2 Bitcoin CFD contracts at 3910.25 USD each. After a month, Bitcoin CFD has increased to 4200.50 USD each. You decide to take your profit by selling your 2 contracts at this new price. The gross profit on your trade is calculated as follows:
Opening Price: 3910.25 * 2 = 7820.50 USD
Closing Price: 4200.50 * 2 = 8401.00 USD
Gross Profit on Trade: 8401.00 – 7820.50 = 580.50 USD
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The IC Markets Advantage
With IC Markets, you can trade Bitcoin and other cryptocurrencies without the associated risks of buying directly from an exchange platform. The IC Markets Bitcoin product is traded as a CFD, allowing traders to take advantage of Bitcoin volatility by going both long and short, a feature not available on most cryptocurrency exchanges.
Additional benefits of trading CFDs with IC Markets include instant cash settlement of trades, leverage up to 1:20, a minimum funding requirement of as little as $200, and being regulated by ASIC. Join the ranks of the world’s cryptocurrency traders with IC Markets and ride the waves of the crypto revolution.
Please check IC Markets official website or contact the customer support with regard to the latest information and more accurate details.
IC Markets official website is here.
Please click "Introduction of IC Markets", if you want to know the details and the company information of IC Markets.
(Forex Broker)
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...