Cryptocurrencies Trading with Bitcoin CFDs

Trading Bitcoin CFDs on Our Cryptocurrencies Trading Platform

Cryptocurrencies trading has been one area catching the eye of professional traders and fund managers alike. Not only are hedge funds adding them to their portfolio, but the CME has even launched Bitcoin futures.

The most attractive elements of trading cryptocurrencies are the volatility and the fact it is pegged to the US dollar.

At Synergy FX, we not only allow you to trade Bitcoin, but you do not need to own them or store your bitcoin in a wallet.

Instead, you take a position on whether Bitcoin is going to rise or fall, and you can trade both long and short.

Important Contract Specifications for Bitcoin CFDs

Contract size:
1 contract. This means you can trade as little as 1 Bitcoin CFD.
Margin required: 20%. If you were to open one contract and the Bitcoin CFD price was trading at 10,000 pts, your total position size would be $US10,000, and your margin would be 20% or $2,000. $2,000 of your money as margin is required to hold this position.
Comm.: There are no commissions on the Bitcoin CFD.
Spreads: Floating. This means the spread will be low during active market hours and higher during market hours.
Smallest contract size: 1 CFD. You can trade as little as 1 Bitcoin CFD.
Price per point: $US1. For every contract you have, each full point movement will be $US1.
Liquidity: We source our liquidity for our Bitcoin CFDs via a number of global exchanges and price feeds.

Why trade Bitcoin CFDs?

There are a number of benefits of trading Bitcoin CFDs with Synergy FX. These include:

  • Low margins starting at just 20%. Please keep in mind that cryptocurrencies are leveraged products and extremely volatile. You must understand the risks involved.
  • You can trade from just one Bitcoin CFD.
  • Excellent liquidity allowing for excellent trade execution during fast-moving markets.
  • Access to both profit taking, stop loss and trailing stop orders.
  • Price alerts can be set to notify you on screen or via email.
  • Robots, scalpers and hedging are welcome.
  • Free unlimited access to our exclusive Education Portal.

Trading hour for Cryptocurrencies CFD

Sessions Quotes Trade
Sunday
Monday 00:00-24:00 00:03-23:59
Tuesday 00:00-24:00 00:01-23:59
Wednesday 00:00-24:00 00:01-23:59
Thursday 00:00-24:00 00:01-23:59
Friday 00:00-24:00 00:01-23:57
Saturday

Start trading Bitcoin CFDs today by opening a live or demo MT4 trading account.

Open Live AccountStart Live Trading Today
Open Demo AccountFree Instant Trading

Why Synergy FX ?

Start trading Bitcoin CFDs today by opening a live or demo MT4 trading account.

Open Live AccountStart Live Trading Today
Open Demo AccountFree Instant Trading
  • True STP and ECN

    True ECN Spreads From 0.0 PIPS

  • Segregated Accounts

    Segregated accounts with AA rated banks

  • No Dealing Desk

    No dealing desk to manipulate price

  • Execution Speed

    Ultra Fast Order Execution

  • Global Fibre Optic Network

    Servers based in New York, London and Sydney

7 FACTS ABOUT CRYPTOCURRENCIES AND BITCOIN

  • Bitcoin rose from around $170 to $5013 (21/9/2017) for a 2900% gain.
  • According to Wikipedia, Bitcoin lost one third of its value in 24 hours, dropping below $14,000 on the 22nd of December 2017.
  • The price of Bitcoin has gone from its initial launch price of 6 cents to an all-time high of $20,089 and is one of the most dynamic and volatile asset classes available to traders.
  • "Satoshi Nakamoto" is presumed to be a pseudonym for the person or people who designed the original bitcoin protocol in 2008 and launched the network in 2009. Although he has never claimed ownership of the code.
  • Here are some opposing quotes from two of the world’s greatest business thinkers:
    "Bitcoin is exciting because it shows how cheap it can be. Bitcoin is better than currency in that you don’t have to be physically in the same place and, of course, for large transactions, currency can get pretty inconvenient." Richard Branson.
    Bill Gates had this to say on CNBC's Squawk Box.
    "As an asset class, you're not producing anything and so you shouldn't expect it to go up. It's kind of a pure 'greater fool theory' type of investment. I agree I would short it if there was an easy way to do it."
    These opposing thoughts are ideal for traders who seek volatility within the investment ideas they seek.
  • Cryptocurrencies are decentralised and are not regulated by any central government, which adds significantly to the appeal. The blockchain , which is the technology behind cryptocurrency trading, is a public ledger of all cryptocurrency transactions, allowing the authenticity to be verified by the entire community.
  • In December 2017, the Winklevoss twins became the world’s first Bitcoin billionaires with their holdings at the time worth an estimated $1.3 billion.

Subscribe To Our Forex Market Commentary - It's FREE!