Cryptos on IFC Markets. Table of Contents
Investing in IFC Markets cryptocurrencies is now possible!
IFC Markets and crypto trading
IFC Markets is one of the most influential brokerage firms in the Forex and CFD markets offering constantly updated and cutting edge tools and services, it has recently launched a new list of tools available for trading. Through an article published to open this year on the official website the broker announced that it will be It is possible to invest in CFDs on cryptocurrencies. The crypto instruments offered for trading 7 days a week, 24 hours a day will be BTCUSD, ETHUSD, LTCCUSD, BCHUSD and XPRUSD, all available for trading on NetTradeX, MetaTrader 4 and MetaTrader 5 platforms accounts.
Cryptocurrency CFDs are derivatives that allow investors to trade cryptocurrencies without necessarily having to own an underlying asset, and such trading will take place by exchanging the price difference of a cryptocurrency or any asset between the time the position is open and the one in which it is closed. One of the main features regarding CFD trading on cryptocurrencies derives from the fact that it is not necessary to have a bitcoin exchange account or a crypto wallet to be able to trade. IFC Markets offers its traders reliable and secure cryptovault trades at extremely advantageous prices.
Cryptocurrency CFD trading in summary can be seen as both an investment that focuses primarily on speculation and market price fluctuations. Basically, CFD trading on cryptocurrencies is performed without owning the underlying assets, and each trader can decide to invest by executing a “long” operation in the event that the cryptocurrency is assumed to rise in value or short if it is believed that it will decrease.
For example, if a trader is convinced that the value of a certain cryptocurrency such as Bitcoin may drop in the near future, he may decide to enter a short position; consequently, if this forecast is accurate, it will generate a profit, while an increase in the price of the cryptocurrency will result in a loss.
As well as trading on any other contract for difference (CFD), even with CFDs on cryptocurrencies, it will be possible to take advantage of leverage to be able to increase both the trading volume and the margin of a potential profit. By definition, leverage is a tool that offers traders the ability to increase exposure to the market without necessarily having to use additional capital and the total amount required to open and maintain a leveraged position is called margin. In practice, thanks to this tool, investors will be able to deposit a small amount of funds and thanks to the use of financial leverage, still obtain greater exposure to the market. But it must be noted that the use of financial leverage, in addition to multiplying the value of the investment and the potential gain, also increases the risk of loss in the same way. in order to marginalize the possibility of any risks, the trader can set a Stop Loss equal to the amount he can afford to lose. The trader’s profit or loss will be calculated based on the total position size.
Following are the advantages of CFD trading on cryptocurrencies with IFC Markets.
- IFC Markets offers traders to trade on weekends in cryptocurrencies such as Bitcoin, Bitcoin Cash, Litecoin, Ethereum, Ripple and more.
- Industry leader, has been operating in the CFD markets for over 15 years.
- It allows traders to get the maximum return from a short or long position up to 1:10 times.
- Fast and efficient customer support from a team of professionals, available 24 hours a day, 5 days a week.
- Fast and secure Bitcoin and Ethereum deposit and withdrawal operations.
- Award winning, regulated and trusted Forex broker offering its flawless services globally to over 185,000 clients in more than 80 countries.
We would like to specify that IFC Markets allows exchanges on cryptocurrencies exclusively with a contract for difference “CFD” only for speculative purposes, not providing exchange services for Cryptocurrencies.
Visit the official website by IFC Markets
Platforms available for trading
IFC Markets offers traders to be able to carry out their trading operations using three trading platforms among the best on the market, NetTradeX, MetaTrader 4 and MetaTrader 5. The following table will compare all the main features of each single platform.
|Linked orders||Automated closing of trading positions upon reaching a certain market price to generate profit or minimize losses.||Available||Available||Available|
|Pending orders||Automatic opening of trading positions upon reaching a certain market price||Available||Available||Available|
|OCO Orders (Order Cancel Order)||In the case of two orders linked in OCO mode, with the execution of one the other will be automatically canceled.||Available||Not available||Not available|
|Orders triggered||Automatically adjust one or two orders when the price reaches the specified level. Orders can be linked with the OCO mode.||Available||Not available||Available|
|Execution of Trailing Stop orders on the server||Trailing Stop is active on the server (even if the customer’s platform is off)||Available||Not available||Not available|
|Trading signals service||Ability to provide signals and / or subscribe to trading signals||Not available||Available||Available|
|Accuracy of order positions and volumes||Accuracy of position and order volumes for major currency pairs in base currency units (lots)||0.01 (0.0000001 lot)||1000 (0.01 lot)||1000 (0.01 lot)|
|Locked positions||Open contrary positions on the same instrument||Available||Available||Available|
|Custom instruments||Ability to create custom instruments, trade with them and create charts||Available||Not available||Not Available|
|Detailed trading and balance history||Quick access to trading history for efficient analysis||Available||Available||Available|
|Trading regime||Netting regime with the merging of positions into one||Available||Not available||Available|
|View multiple instruments on the same chart||View the variations of multiple instruments (up to 10) on the same chart||Available||Not available||Not available|
|Technical analysis tools||Detailed technical analysis and use of graphical technical indicators||Available||Available||Available|
|News||The latest news from ThomsonReuters directly on the platform||Available||Available||Available|
|Drag windows||Convenient placement of platform windows outside the main window||Available||Not available||Not available|
|Support across multiple monitors||Placing various parts of the platform across multiple displays||Available||Not available||Not available|
|Off-line mode||Working despite no internet connection||Available||Available||Available|
|Workspace templates||Configuring and saving any settings, and positioning of windows and graphics||Available||Available||Available|
|Chart templates||Configuring and saving chart settings||Available||Available||Available|
Go to IFC Markets Official Website
Please check IFC Markets official website or contact the customer support with regard to the latest information and more accurate details.
IFC Markets official website is here.
Please click "Introduction of IFC Markets", if you want to know the details and the company information of IFC Markets.
Comment by Justy
May 22, 2023
Educational program is quite big and also have webinars