Best Bitcoin CFD Brokers

Bitcoin CFD trading is fairly easy to learn and can be profitable from the first trade. With millions of traders worldwide looking to jump on the bitcoin bandwagon, you can set yourself apart from the pack by taking time to understand how the bitcoin market works and to learn the technical factors that push the prices higher or lower. Setting up a Free demo CFD Trading account with one of the Best Bitcoin CFD Brokers and practicing there before investing with real money can help protect you from losses. Though you may feel pressured to enter the market NOW when things are hot, it’s worthwhile to take some time to practice so that you can get a feel for the flow, as cryptocurrency trading, and bitcoin trading specifically, doesn’t act like fiat currency trading. Taking a few days to teach yourself can protect your account in the long run.
Bitcoin exchanges are platforms where you actually buy Bitcoins or other cryptocurrencies when you trade them against fiat money. So when you make a fiat money deposit, set a buy order for BTC and then see a BTC balance in your account, you have actually bought Bitcoins and can withdraw them to your home wallet, if you wish.

FXOpen is a well-known name in the forex market. The FX broker is registered and regulated in New Zealand. The firm follows standard AML and KYC laws, like most regulated forex brokers. FxOpen offers a variety of different funding and withdrawal options that a lot of the bitcoin exchanges don’t have. These include debit cards, credit cards, Skrill, Neteller, and Payza. In addition, the company also accepts three cryptocurrencies for deposit and withdrawal; Bitcoin, Litecoin and Namecoin.

Unlike other CFDs broker comparison sites, you won’t find unregulated or blacklisted brokers on our site. We proactively keep our information up to date and ensure that our comparisons are easy to use.

Active traders looking to speculate on Bitcoin over the short or medium term may find that trading CFD/derivatives on Bitcoin using an online forex broker will provide them with 24hour trading, potentially lower margin, and the ability to go either long or short. Because of counter-party risk, choosing a broker is just as important as finding one with the best trading tools or commission rates.

The list of CFD and Forex brokers seems to be infinite. However, only a few of them provide decent conditions for cryptocurrency trading. We know that it’s difficult to make the right choice, which is why we gathered the list of the best brokers that allow cryptocurrency trading. We hope to save you time and money.

Like Plus 500, Avatrade is a CFD trading broker based in the UK. It’s been around for about ten years now, and in that time has grown to become one of the biggest CFD brokers in Europe, with around 200,000 registered clients who collectively place over 2,000,000 trades every month.

We hope, you managed to pick your favorite from the recommended best CFD brokers. If you are still uncertain which the best CFD broker in 2018 is, this little summary might provide further clarity.

Bitcoin exchanges are also risky. Let’s say, you go to a bitcoin exchange, deposit €200, and you convert €100 to Bitcoin. So how are you exposed?.

Bitcoins can also be purchased through online exchanges such as Coinbase.com, Bitstamp.net, etc. If you are a forex trader, the best option would be BTC-E.com which has its own MetaTrader platform.

Day trading with CFDs is a popular strategy. From pattern day trading in the US today traders in Europe and beyond, the leverage and costs of CFD trading, make it a viable option for active traders and intraday trades. This page provides an introductory guide, plus tips and strategy for using CFDs, and offers a list of the best brokers for CFD day trading in 2018.

If you decide to use exchanges instead of forex brokers, there are some great exchanges you can benefit from using. Coinbase is probably one of the largest exchanges for the cryptocurrency. Another great one is Kraken, it was founded in 2011 and has a lot of beneficial reasons to use it. These are just a couple of the endless cryptocurrency exchanges on the market.

If you trade Bitcoin through a spread bet, then you don’t have to pay capital gains on your profits. Of course, if you lose money you can’t offset it against investment profits.

CFD trading is quite similar to forex trading. When trading on the platform, you select the instrument you wish to trade and enter your order. Just like in other trades, if you think the price of a certain instrument, e.g. crude oil, will increase, you’ll want to buy the crude oil CFD. The same goes the other way – if you predict the value will go down you sell the CFD.

The second are the brokers who are not licensed or regulated. Every financial company must be licensed by the government. Popular brokers are licensed in Australia by ASIC or in the United Kingdom by the FCA. If you go with a broker who promises to make you rich, and they are not licensed, you can read the complaints page now, so you understand what you will be dealing with.

Bitcoin is usually quoted against the US dollar — so when you buy bitcoin on an exchange, you are selling USD and buying bitcoin. If bitcoin’s price rises, then you can sell it for a profit because bitcoin is worth more USD than when you bought it. If bitcoin’s price falls, then you make a loss.

There is nothing worse than trying to navigate your way around the difficult software. Be sure to open up a free demo account and see for yourself how easy it is to place trades, open a chart, amend orders and receive timely news updates.

Cryptocurrency trading is fairly easy to learn and can be profitable from the first trade. With millions of traders worldwide looking to jump on the crypto bandwagon, you can set yourself apart from the pack by taking time to understand the way the market works and to learn the technical factors that push the prices higher or lower. Setting up a demo account and practicing there before investing with real money can help protect you from losses. Though you may feel pressured to enter the market NOW when things are hot, it’s worthwhile to take some time to practice so that you can get a feel for the flow, as cryptocurrency trading, and bitcoin trading specifically, doesn’t act like fiat currency trading. Taking a few days to teach yourself can protect your account in the long run.

Cryptocurrencies like Bitcoin are extremely volatile and can move or jump in price with no apparent reason due to lack of liquidity and ad-hoc news. There is little or no fundamental reasoning behind its pricing and as such trading CFDs in Bitcoin pose a significant risk to Retail Clients. While AxiTrader only quotes Bitcoin during the week, it can trade over the weekend, meaning there could be a significant price change between Friday and Monday. It should only, therefore, be traded by those clients with sufficient experience to understand that they risk losing all their investment, or more, in a short period of time, and only a very small part of their portfolio should be used.

Reference
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