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What are Cryptocurrencies?
By the end of 2016, more than 700 digital currencies were introduced and co-existed. Bearing that in mind, it came as no surprise that during 2017 the total trading volume of the digital currency market has reached a very high value. This phenomenal sum is even more astonishing when considering the simple fact that this market started only 8 years before. A big advantage of digital currencies is that they are not tied to a specific country or bank, therefore allowing them to be liquid not only during traditional trading hours, but also throughout weekend and holidays, allowing people to trade on them 24/7*. The digital currency market is highly volatile and experiencing drastic trends. Compared to other financial assets, cryptocurrency trading has very little barrier to entry, offers arbitrage and margin trading, and therefore, many people can potentially benefit from it.
Get instant access to the most popular cryptocurrencies available directly on our trading platform. Trade the hottest financial market instruments, offered by FX SPEED TRADE.
The Basic Principles of
You buy 5 Bitcoins at $4,018 per unit (using our leverage). You trade the BTCUSD and after 1 week you assume that the price of Bitcoin will increase and you decide to sell your Bitcoin units and earn a profit of $23,189.40.
A week after you opened your position, Bitcoin was quoted at $4,327.94 (Bid price) to 4,341.60 (Ask price). You bought 5 units and paid $20,090. You sold the 5 units and got $43,279.40. You earned $23,189.40.
Important: You didn’t actually pay $4,018. You used FX SPEED TRADE’ leverage and invested only a fraction of the actual value of the trade.
In case your assumption was wrong, you may lose part or all of your investment. However, you may consider limiting your losses by using a Stop Loss order.
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Trade Cryptocurrencies with no Commissions and Fixed Low-Cost Spreads
Trading with FX SPEED TRADE is commission free and you don’t need to pay hidden charges or extra fees. Our spreads are fixed and we strive to keep trading costs as low as possible. From time to time we will adjust spreads before major financial events or to allow you to invest more cheaply on particular assets.
Diversify your Trading Portfolio With Cryptocurrencies
Our trading platform allows you to trade some of the world’s most popular cryptocurrencies such as Bitcoin, Litecoin, Ripple and Ethereum as CFDs. When you trade on a cryptocurrency, you are investing on its future performance without actually buying the asset itself.
Below are FX SPEED TRADE' most popular cryptocurrencies:
Open Leveraged CFD Trades on Cryptocurrencies
FX SPEED TRADE allows you to gain high levels of exposure with relatively small investment sums, using up to x200 leverage. When you open leveraged positions you are basically investing using FX SPEED TRADE`s money and can make much higher profits. We strongly recommend that you visit our education center to learn more about how to use leverage effectively.
Advantages of Trading CFD Cryptocurrencies at FX SPEED TRADE
Cryptocurrency traders must keep their finger on the pulse of the market at all times. Thanks to our daily market analysis (sent to traders via email and available also on our website) you stay updated with all the important financial events and movements. Cryptocurrencies are often considered as a short to medium-term investment which offers a different range of risk levels. The FX SPEED TRADE platform allows you to set the stop loss/take profit tool and automatically control your position.
- Cryptocurrency CFDs
Cryptocurrency CFDs (Contact for Difference) offer a possibility to trade on the cryptocurrency market without the need of owning any coins at all. A crypto CFD is a contract between the buyer and seller, where typically the seller will pay to the buyer the difference between the current value of the crypto asset and its value at end of the contract.
- No Commissions - Fixed Spreads!
Get fixed spreads between the buy and sell prices. Enjoy trading with no commissions!
- Trade Cryptocurrency CFDs with Leverage
Magnify your trading potential using the tool of leverage. Remember that leverage can work both for you as well as against you and should be cautious when using it.
Who Can Trade Cryptocurrencies?
Online Cryptocurrency trading is already a highly popular form of investment with millions of traders worldwide. Almost anybody can trade Cryptocurrencies if they are willing to apply the basic principles of risk management. The FX SPEED TRADE online Education Center contains all the learning tools and educational resources that you need to begin online Cryptocurrency trading.
Many of FX SPEED TRADE top investors signed up as absolute beginners with no experience of the financial markets. They used the Education Center and free Demo Account to master the basics of Cryptocurrency trading. Cryptocurrency traders range from novice investors who trade part time, to expert investors who manage complex personal portfolios on a full time basis. The FX SPEED TRADE platform gives you the freedom to set your own financial goals and manage your own investments.
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- 1 Open a trading account
- 2 Fund your account
- 3 Get a premium training package and
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Trading with FX SPEED TRADE is easy. Just fund your trading account with as little as $500 and start trading right away.
- 1 Open a trading account
- 2 Fund your account
- 3 Start Trading
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