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Cryptocurrency CFDs

Cryptocurrencies

Now you can trade Crypto 7 days a week on MT4 and MT5.

Unlike other asset classes (FX, Equities, Commodities, etc.), the Cryptocurrency market is dominated by retail speculators. With Vonway Cryptocurrency CFDs, you’ll trade in a market where there is no central bank intervention, interbank dealers controlling order flow or giant pension funds moving prices. Vo

Price movements on Cryptocurrencies like Bitcoin or Ethereum are driven primarily by news and prevailing sentiment, i.e. the fear and greed of retail speculators. These sometimes dramatic shifts can lead to massive intraday price swings, making Cryptocurrency CFDs an exciting product for aggressive and experienced day traders.

The IC Markets Cryptocurrency CFD product allows traders to go long or short without actually holding the Cryptocurrency. This means traders can get exposure to the price of the Cryptocurrency without worrying about the security risks associated with storing it and the counterparty risk from the exchange. This is similar to trading Energy Futures such as oil rather than owning physical oil to speculate on its price. 
On Saturdays between 17:00 – 00:00 server time, cryptocurrency trading will not be available. Our dedicated servers require maintenance over this time to ensure optimal performance and a superior trading experience. Cryptocurrency trading on cTrader will remain available 24/5. 

Cryptocurrency CFDs

Facts

Leverage up to 1:5

Trade the market 7 days a week

Long or short

FSA regulated

No commissions

REAL live support!

Bitcoin CFD

The first and largest cryptocurrency, Bitcoin paved the ways for hundreds of similar currencies and boasts a market cap of over $100 billion.

Ethereum CFD

The world’s second-largest cryptocurrency, it is labelled by many as ‘the next Bitcoin’. Ethereum has received international recognition and support from giant organisations such as Microsoft, JP Morgan, and Intel..

Dash CFD

Dash’s focus is on instant transactions and owner privacy. Dash has an infrastructure that enables much faster transactions than other cryptocurrencies and therefore displays higher liquidity than many of its counterparts.

Litecoin CFD

Designed by a former Google engineer to improve upon Bitcoin’s technology, Litecoin offers quicker processing times and a larger number of tokens. It is also the first cryptocurrency to implement SegWit, a method of speeding up transaction times without compromising the underlying blockchain technology.

Bitcoin Cash CFD

Bitcoin Cash resulted from a hard fork of the Bitcoin blockchain. It increased block size from 1 megabyte to 8 megabytes without incorporating SegWit.

Ripple CFD

Ripple is both a transaction network and crypto token which was created in 2012 as the go-to cryptocurrency for banks and global money transfers, and has recently experienced a period of growth

EOS CFD

EOS is a decentralized operating system based on blockchain technology. It is designed to support of decentralized applications on a commercial-scale by giving all the required core functionalities.

Emercoin CFD

Emercoin is an open-source cryptocurrency which originated from Bitcoin, Peercoin and Namecoin. Other than being a cryptocurrency, it is also a platform for secure distributed blockchain business services.

NameCoin CFD

Namecoin is a blockchain protocol that serves as a naming system. Since Namecoin is a fork of Bitcoin, it is also a cryptocurrency that can be used for peer-to-peer transactions

PeerCoin CFD

PeerCoin aims to solve the inefficiency problem of the Proof-of-Work that is used by bitcoin and many other coins using its own Proof-of-Stake system.

Polkadot CFD

Polkadot is a platform that allows diverse blockchains to transfer messages, including value, in a trust-free fashion; sharing their unique features while pooling their security. In brief, Polkadot is a scalable, heterogeneous, multi-chain technology

Stellar CFD

Stellar, or Stellar Lumens, is an open source, decentralized protocol for digital currency to fiat money low-cost transfers which allows cross-border transactions between any pair of currencies..

Chainlink CFD

Chainlink is a decentralized oracle network and cryptocurrency that provides data to blockchains. It is one of the main sources of data used to feed information to applications in decentralized finance.

How does Crypto CFD trading work?

Commodities cover energy, agriculture and metals products. These products are traded in futures markets and derive their value from demand and supply characteristics.

Supply characteristics include the weather in the case of agriculture and costs of extraction in the case of mining and energies.

Demand for commodities tends to be characterised by broader conditions such as economic cycles and population growth. Commodities can be traded as stand alone products or in pairs.

Metals and energies are traded against major currencies whereas agriculture futures contracts are traded as stand-alone contracts.

Bitcoin CFD Trading Example

The gross profit on your trade is calculated as follows:

Opening Price

3910.25 * 2 = USD $7820.50

Closing Price

4200.50 * 2 = USD $8401.00

Gross Profit on Trade

USD $8401.00 - 7820.50 = $580.50

The gross profit on your trade is calculated as follows:

The price of Bitcoin CFD against the US Dollar is 3900.25/3910.25 and you decide to buy 2 contracts at 3910.25.

Closing the Position

One month later Bitcoin CFD has increased to 4200.50/4210.50 and you decide to take your profit by selling your 2 contracts at 4200.50 each.

Spreads

MIN – minimum, AVG – average

Instrument Symbol Minimum Order Size
AUD/CAD 0.01 lot
AUD/CHF 0.01 lot
AUD/JPY 0.01 lot
AUD/NZD 0.01 lot
AUD/USD 0.01 lot
CAD/CHF 0.01 lot
CAD/JPY 0.01 lot
CHF/JPY 0.01 lot
EUR/AUD 0.01 lot
EUR/CAD 0.01 lot
EUR/CHF 0.01 lot
EUR/GBP 0.01 lot
EUR/JPY 0.01 lot
EUR/NZD 0.01 lot
EUR/USD 0.01 lot
GBP/AUD 0.01 lot
GBP/CAD 0.01 lot
GBP/CHF 0.01 lot
GBP/JPY 0.01 lot
GBP/NZD 0.01 lot
GBP/USD 0.01 lot
NZD/JPY 0.01 lot
NZD/USD 0.01 lot
USD/CAD 0.01 lot
USD/CHF 0.01 lot
USD/JPY 0.01 lot
USD/SGD 0.01 lot