At FXDD we are committed to providing a single point of access to all global asset classes. As such, we have introduced cryptocurrency trading on MT4 and WebTrader. Now you can trade Bitcoin, Litecoin and Ethereum 24/5 with FXDD from a single account utilizing the same margin in your account. The unique nature of Cryptos as well as the vast growing global interest in this asset class is sure to grow in the near future. That growth is set to spark volatility which will provide ample opportunities for all traders.
Bitcoin, offered at FXDD as BTC/USD was the first major cryptocurrency introduced in 2009. It can be acquired through a process known as mining, and serves as an asset, able to be exchanged for other currencies, products or services. At the time of writing the world is still unsure of what to make of this finance industry disruptor. A glance at the historical chart will quickly show how extremely volatile this instrument has been. Please take this into consideration when exploring trading opportunities.
Litecoin offers similar features to Bitcoin and one of the most well-known cryptos. It's relatively cheaper price makes it more appealing to smaller investors and speculators. The main difference between Litecoin and Bitcoin comes in the form of speed of mining and amount of blockchain needed to create a single Litecoin.
Ethereum attracts a lot of attention due to its versatile nature. Its usage as a means for financial transactions is attracting a lot of attention. It is capable of storing sophisticated computer programs make it more advantageous to use than bitcoin.
Ripple is more of Real Time Gross Settlement system, currency exchange and remittance network. It allows instant transfer of money between two parties in a much faster way than traditional bank wire transfers. This provides an exciting opportunity in global fund transfer in terms of speed and cost. XRP/USD now available on FXDD platforms. Each standard lot traded would equal 10,000 ripples
Benefits of trading Bitcoin with FXDD:
Leverage 10:1 (Regardless of what your account leverage is for FX and other instruments)
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
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