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. 1:200 Leverage on MetaTrader4/MT5
  2. 1:5 Leverage on cTrader
  3. 7 days a week market
  4. Go long or short
  5. No commissions
  6. REAL live support!
  7. 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.