|Instruments||Minimal spread||Margin requirements|
Growing incredibly in popularity in recent years, cryptocurrencies, such as Bitcoin and Ethereum, have become the go-to investment option for many traders. With an ever-growing selection of cryptocurrencies added to the platform, Algo FX Trade presents many options for those who wish to trade and invest in the crypto market.
Cryptocurrencies display extremely high volatility, and it is quite common to see double-digit percentage fluctuations within a single day. Bitcoin, which is the first and largest cryptocurrency, is considered to be the benchmark for this market, and other currencies charts’ often move in the same direction as Bitcoin.
Bitcoin and other cryptocurrencies are virtual currencies that typically use a decentralized network to provide secure financial transactions. In Algo FX Trade you can trade CFD, speculating on price movements without actually owning crypto-currencies.
Thanks to the leverage provided for trading accounts, the client has the ability to keep CFDs in positions larger than those originally available in traditional currency.
Similarly with other CFD and FX instruments, crypto CFD allow the opening of both short and long positions for both directions - down or up.
Trade and earn in two ways: profit both at the fall of the rate, and at its growth
The leverage makes it possible to earn more profit with less investment
Commission fees are lower than with a standard asset purchase