List Of Best Bitcoin Forex And CFD Trading Services
Contracts for Differences aka CFD was developed to allow traders to trade stock, forex, index or commodity position without having to physically own the underlying instrument itself. Nothing is being purchased, you are only betting the broker (casino) that the price will go up or down. It works like that if your deposit gets below a threshold they auto-liquidate your position.
Why Bitcoin CFD? Well most of FX trading companies accept accept credit card deposits so it is probably the easiest way to get into Bitcoins within minutes. Following are some of the FX traders with Bitcoin CFD.
Plus500 : Plus500 were the first forex broker to introduce bitcoin trading. Plus500 is Israel based company and has been around since 2008. Company has more than 1,000,000 clients worldwide. Their leveraged CFD is based on pricing from leading bitcoin exchange MtGox. With Plus500 you get 4:1 leverage, meaning if you deposit $200 you can trade with $800, and you can also short.
Note : Plus500 do not accept US customers. Plus500 is suitable for experienced traders and not beginners.
Warning : ‘Your capital is at risk’ While we all hope that we’re going to profit from every trade, it just won’t happen. Always remember that by trading CFDs customers can lose all the funds deposited. Please be aware of the risks involved. Plus500 is suitable for experienced traders and not for beginners. If you are newbie then you can try first with demo money too.
- Plus500UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909).
- Plus500CY LTD is authorised and regulated by the Cyprus Securities and Exchange Commission (Licence No. 250/14).
- Plus500AU Pty Ltd, ACN 153 301 681, AFSL # 417727, issued by the Australian Securities and Investments Commission is authorized to issue these products to Australian residents. Derivatives issuer licence in New Zealand, FSP #. 486026 authorises us to issue these products to New Zealand residents. Plus500AU Pty Ltd, is also an authorized Financial Services Provider in South Africa, FSP 47546. You do not own or have any rights to the underlying assets. Please consider the Disclosure documents available on Plus500’s official websites.
Avatrade : Avatrade recently launched their bitcoin (BTC/USD) trading. Avatrade CFD is available for both short and long trades with 5:1 leverage for trading the digital currency. Avatrade market is open for 24 hours a day/5 days a week. company also offers up to $5,000 bonus on your deposit.
You can join Avatrade (Click Here.)
Warning : if you are a CFD newbie, we strongly encourage you to do your own research before playing with your hard earned money. Please be aware of the risks involved.