this post was originally published By HexaTra.com
Trade CFDs on Cryptocurrencies with 24option
Since 2013, 24option has dedicated time and effort to expanding our crypto-asset trading capabilities. 24option has acted quickly to satisfy customers’ requests to buy and sell world-leading crypto assets, as well as trade against their value. Since September 2017, users have been able to trade on crypto assets through the 24option trading platform. A key difference between buying a financial asset and trading CFDs on an underlying asset is that when you purchase an altcoin, token, or cryptocurrency, you own it – you’re not just trading against its fluctuations in price.
. These factors plus the security of account opening with the majority of CFD brokers, access to high leverages, and a vast supply of CFD products are gradually revolutionizing the CFD brokerage industry by drawing more traders. You still have to be cautious when choosing the best brokers by ensuring that you only enrol with a CFD provider with a reliable reputation. Check whether they’re registered and regulated, and what kind of technology they’re using.
What is a Contract for difference (CFD)?
A contract for difference (CFD) is a financial instrument that enables investors to speculate on rising and falling prices of fast-moving global financial instruments like shares, indices, commodities, cryptos and bonds.
the ultimate list of Cryptocurrencies CFD providers
Press “Buy”, enter in the volume, and click the “Open Trade” button. You should have then successfully opened your first CFD trade. All retail investors who trade CFDs with this provider lose money, especially when it comes to the long run. It is better for you to consider whether you can afford the risk of losing your money. 24option is a multi-asset CFD Broker which offers both investing in commodities, indices, stocks and crypto assets, as well as trading CFDs. Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80 per cent of trader accounts lose money when trading CFDs with this provider. It’s best if you think about whether you understand how CFDs work and whether you can afford to lose your money. Past performance cannot be interpreted as an indication of future performance. Crypto prices fluctuate widely, therefore Cryptocurrencies CFDs are volatile instruments, making them not appropriate for all investors.
This post was originally published on HexaTra.Com http://hexatra.com/trade-cfds-on-cryptocurrencies-with-24option/