Here’s the deal:
With CFDs, you are trading on the price changes of the cryptocurrency so you are not making any actual purchases.
This derivatives product is the safer and popular way of engaging this highly volatile market without having to worry about ownership or storage responsibilities.
Investing on cryptocurrencies can be done on their MetaTrader 4 and 5 platforms which have live quotes and charts.
Among the top coins in the market that they support include Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, IOTA, Dash, NEO, Monero, Zcash and Qtum and you can buy and sell with a leverage of up to 1:20.
That’s not all…
They offer competitive swap rates and all pairs can be shorted giving you more flexibility over you trades.
You can begin trading after making an initial minimum deposit of $250.
Notable Trading Perks
Aside from alt coins, you can also invest on stock, commodities and indices CFDs and other instrument types like ETFs and bonds.
How can you benefit from this?
Such feature gives you the opportunity to diversify your trading portfolio so you can efficiently manage your risk levels.
They also have more competitive spreads and transactions are commission-free.
This brokerage has been in existence for more than a decade and has established its brand in the online financial field.
Their regulation across different continents and countries such as Australia (Australian Securities and Investments Commission), Japan (Financial Services Authority), British Virgin Islands (Financial Services Commission), Ireland (Central Bank of Ireland) and South Africa (Financial Services Board) makes them one of the most trusted names when it comes to CFD trading.
The customer service department is available 24/5 and offers multilingual support (over 10 languages) so you can get in touch with someone who knows how to speak your language.
They can be reached by phone, email and live chat and deliver fast handling times.
With AvaTrade, you’ll have the opportunity to trade on a wide range of the top ranked digital coins any time of the day.
And since you’re with a reputable and multi-regulated company, you will never have to worry about the security and safe safety of your account.
If you’re looking for a way to invest in cryptocurrencies with a much safer and less risky environment then this brokerage is the ideal choice.
|Platforms||MetaTrader 4, AvaTradeGO, AvaTradeAct, Floating Spreads, MT4 – Spread Betting, AvaOptions, Automated Trading, Web Trading, Mac Trading, Mobile Trading|
|Margin Trading||Up to 1:20 for cryptocurrencies|
|Payment Methods||Credit/Debit Cards, Wire Transfer, E-Payment Methods|
|Cryptocurrencies Available||Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, IOTA, DASH, NEO, Monero, Zcash, Qtum|
|Regulated||CBI, ASIC, FSC, FSA, FSB|
|Support||Phone, Email, Live Chat|
How to trade Bitcoin, Ethereum and other cryptocurrencies with AvaTrade
- Register for an account with AvaTrade.
- Fund your account using the supported payment methods (Credit/Debit Cards, Wire Transfer, E-Payment Methods).
- Open the AvaTrade MT4 or AvaTradeGO platform.
- Choose your desired cryptocurrency pair and place an order. Click Buy if you think that the value of the cryptocurrency will rise or Sell if you think that the value will fall.
- Once you have decided on where to place your position, enter the details of your trade and execute the contract.
- You will generate a return if you executed a Buy contract and the value of the cryptocurrency increases or you executed a Sell contract and the value of the cryptocurrency decreases. Otherwise you will incur a loss.
Trading CFDs in cryptocurrencies carries significant risk of loss of all invested amounts