Market volatility by trading cryptocurrency CFDs without the need for a digital wallet or cryptocurrency exchange.
Are you ready to be a part of the currency revolution? Cryptocurrency CFDs trading is an exciting space right now especially if you open a trading account with Qtrade which is one of the most popular Cryptocurrency CFD trading platforms where you can trade the top 5 most traded cryptocurrencies on the cryptocurrency market – Bitcoin, Ethereum, XRP (Ripple), Bitcoin Cash, and Litecoin.
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Established in 2005
15 years trading experience
Trading cryptocurrencies via CFDs (Contracts for Difference) is a new way to trade this volatile market. And, you don’t even need to be an expert CFD trader on how to trade Bitcoin and other crypto CFDs. Qtrade offers cryptocurrency CFDs in major assets like Bitcoin, XRP (Ripple), Bitcoin Cash, Litecoin and Ethereum, for positions against the US Dollar and Australian Dollar.
Suppose you want to trade CFDs, where the underlying asset is the BTC/USD a Cryptocurrency, also known as BITCOIN. Let us suppose that the BTC/USD is trading at:
You decide to buy 1 digital coin of BTC/USD because you think that the BTC/USD price will rise in the future. Your margin rate is 50%. This means that you need to deposit 50% of the total position value into your margin account.
Now, in the next hour, if the price moves to 8300.50 /8307.60, you have a winning trade. You could close your position by selling at the current (Bid) price of USD 8300.50
In this case, the price moved in your favor. But, had the price declined instead, moving against your prediction, you could have made a loss. This continuous evaluation of price movements and resultant profit/loss happens daily. Accordingly, it leads to a net return (positive/negative) on your initial margin. In the loss scenario where your Free equity, (account balance+ Profit/Loss) falls below the margin requirements (4067.70), the broker will issue a margin call. If you fail to deposit the money, and the market moves further against you, when your free equity reach the 50% of your initial margin the contract will be closed at the current market price, known as “stop out.”