Crypto currency Crypto currency trading with FinCort
Crypto currency trading with FinCort
Thanks to the innovative character and the excitement created around the crypto currency, digital currencies, especially bitcoin, experience sharp fluctuations in the exchange rate, which allows trading with CFD contracts..
Get instant access to the most popular crypto-currencies available on our trading platform: Bitcoin (BTCUSD / EUR), Litecoin (LTCUSD), Ethereum (ETHUSD), Ripple (XRPUSD).
Why is it profitable to trade by crypto currency?
1. Bitcoin is a global currency. It is not tied to any state, and therefore it can be considered in some measure independent. Of course, it is influenced by events that occur in the world. For example, if in some country the local currency depreciates, then you can be sure that bitcoin will change its course a little. Crises have a strong impact on the cost of BTC. The owners of large accounts paid attention to Bitcoin because this currency can not be controlled. 2. Crypto currency can be traded 7 days a week and 24 hours a day. For it, there are no official exchanges that are tied to time or have a weekend or public holidays. There is also no official course and official price. All this creates just perfect conditions for trade. 3. Crypto currency is high volatility. Prices over the past few months have changed at an astonishing rate. High volatility also creates excellent conditions for trading.
The advantages of using CFD in crypto-currency trades
Among the most significant advantages of using contracts for the difference in prices for trading bitcoins, it should be noted: - Having a shoulder. As a rule, all CFDs for crypto currency are sold with the leverage of the broker. Respectively, you can get a big profit with minimal financial risks. - Absence of transfer of rights. When making a contract for a price difference, you do not receive and do not transfer your own funds to another owner, but only pay or accept the difference in the price that was formed between the moment of opening and closing the transaction. Accordingly, to start trading you do not need to have a lot of capital. - Low commission. Due to the fact that initially CFDs were developed to reduce risks for brokers with low capital, therefore, the commission in this case is much less than in the trade under the standard scheme of acquiring the asset. Fixed spreads between the price of buying and selling. Corresponding rules also apply to crypto-exchange exchanges. - Adaptability. You can make a profit both with the fall of the rate, and with its growth. To do this, it is sufficient to choose the appropriate contract for sale or purchase. Thus, the use of CFDs on the currency in trading on exchanges makes it possible to significantly increase the profitability of trades and reduce risks for market participants.
Profit and loss management
Thanks to our modern trading tools, you can set predefined profit / loss limits. When the goal is reached, your position will automatically close. Trade with us! It will take you less than two minutes to open an account in our trading system.
Bitcoin is a digital currency, otherwise known as a cryptocurrency. It is the world’s first cryptocurrency, and it is rapidly growing in popularity. Now, ALL traders can trade Bitcoin as the ideal asset in CFD trades. Thanks to the MetaTrader 4 – you can trade this volatile currency against the greenback, 24/5. Bitcoin is highly regarded among currency traders, and its volatile nature makes it ideal for CFD trading.
Ripple now has billions of dollars’ worth of cryptocurrency on account. It was built as a digital payments network for real-time financial transactions, and is also the core owner of Ripple XRP, the digital coin which increased 40 times in 2017 alone.