Cryptocurrency

 

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.

  • Trade without the need for a crypto wallet

  • Great way to diversify your portfolio

  • Cryptocurrency prices are not correlated to any central bank or financial instrument

  • Trade both rising and falling prices in a 24/5 market

  • Trade on leverage with low spreads

What is the Best Platform to Trade Cryptocurrencies?

Metatrader 4. The world’s most popular trading platform.

Discover the benefits of trading Metals on one of the most powerful trading platforms available, MetaTrader 4 (MT4). Available across desktop and mobile platforms the MetaTrader 4 platform is ready when you are.

  • Spreads from 0.0 pips & leverage up to 500:1

  • Customisable interface, including colours of technical indicators

  • One-click trading

  • MarketWatch

  • Live price streaming on Live accounts and Demo accounts 128-bits encryption for secure trading

  • Expert Advisors (EAs)

  • Compatible with iOS, Android and Mac devices

6 Reasons to Choose Qtrade

A Global Forex broker.

Globally

Segregated client funds & global

Tighter Spreads

Market leading spreads from 0.0 pips, 24/7

Faster Execution

Low latency, ultra-fast execution under 40ms

Advanced Platforms

MT4 & Webtrader with superior client portal

24/5 Multilingual Support

Award winning support & personal account managers

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.

  • Bitcoin is the digital currency with the largest market capitalisation and price levels since its inception in 2008

  • It dominates 50% of the total crypto market cap

  • The highest that Bitcoin price has ever reached was in December 2017, when it hit the $19,783 mark

  • The currency might each much higher price levels in the future and bitcoin cfd trading is on the rise

  • Similar to Bitcoin, LTC differs in terms of scalability.

  • It takes roughly 2.5 minutes to mine a block, as compared to 10 minutes for Bitcoin.

  • Litecoin is definitely one of the most popular altcoins out there.

  • The cryptocurrency Litecoin (LTC/USD) is a fork of Bitcoin (BTC/USD), as its developers copied Bitcoin’s code, made a number of alterations to it and launched a new project.

  • A favourite among big banks like Santander and Bank of America, the Ripple network is the next generation real-time gross settlement system

  • It allows cross-border fund transactions within seconds, at very low costs

  • The second largest cryptocurrency after Bitcoin

  • It allows developers to create smart contracts on the platform

  • Ethereum has gained massive popularity over the years, due to its involvement in multiple blockchain projects

  • Bitcoin Cash was created by the Bitcoin hard fork on August 1, 2017, made a new version of the blockchain with different rules

  • Bitcoin Cash was created as a result of counteracting a prolonged Bitcoin scalability problem

  • It works by switching from the main Bitcoin blockchain to a new version, the software now has capacity for a larger number of transactions (by eight megabytes to be exact)

  • Fulfills the original promise of Bitcoin as “Peer-to-Peer Electronic Cash”. The future shines brightly with unrestricted growth, global adoption, permission less innovation, and decentralized development

An Example of Leveraged Cryptocurrency CFD Trading

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.”

If the price of BTC/USDToYou could Gain or Lose for a Long PositionResulting in a Return of the Initial Margin
Rises by 10%8941.13/8948.23USD 805.73299.33%
Rises by 5%8534.72/ 8541.82USD 399.32199.22%
Declines by 10%7315.47/7322.57-USD 819.93-100.50%
Declines by 5%7721.89/7728.99-USD413.81-0.10%

Cryptocurrency Spreads

SymbolMarginStandard A/cRaw ECN A/c
MinAvgMinAvg
BTCUSD20%2.027.662.027.66
BCHUSD20%55.0455.04
ETHUSD20%4.614.614.614.61
LTCUSD20%3.33.313.33.31
RPLUSD20%0.00050.00090.00050.0009

Legal: Qtrade Limited is incorporated in St. Vincent & the Grenadines as an International Business Company with registration number 25238 IBC 2018.

  • This website is operated by:
  • Qtrade Limited (SVG)  with registered address Suite 305, Griffith Corporate Centre, P.O. Box 1510, Beachmont Kingstown, St. Vincent and the Grenadines.

High Risk Warning: Trading Contracts for Difference (CFDs) on margin carries a high level of risk and may not be suitable for all investors. Before deciding to trade Contracts for Difference (CFDs), you should carefully consider your trading objectives, level of experience and risk appetite. It is possible for you to sustain losses that exceed your invested capital and therefore you should not deposit money that you cannot afford to lose. Please ensure you fully understand the risks and take appropriate care to manage your risk.