Unlike other asset classes (FX, Equities, Commodities, etc.), the Cryptocurrency market is dominated by retail speculators. With Cryptocurrencies, you’ll trade in a market where there is no central bank intervention, interbank dealers controlling order flow or giant pension funds moving prices.
Price movements on Cryptocurrencies like Bitcoin or Ethereum are driven primarily by news and prevailing sentiment, i.e. the fear and greed of retail speculators. These sometimes dramatic shifts can lead to massive intraday price swings, making Cryptocurrency an exciting product for aggressive and experienced day traders.
The IC Markets Cryptocurrency CFD product allows traders to go long or short without actually holding the Cryptocurrency. This means traders can get exposure to the price of the Cryptocurrency without worrying about the security risks associated with storing it and the counterparty risk from the exchange. This is similar to trading Energy Futures such as oil rather than owning physical oil to speculate on its price.
The following Cryptocurrencies are available to trade with IC Markets
The first and largest cryptocurrency, Bitcoin paved the ways for hundreds of similar currencies and boasts a market cap of over $100 billion.
The world's second-largest cryptocurrency, it is labelled by many as "the next Bitcoin". Ethereum has received international recognition and support from giant organisations such as Microsoft, JP Morgan, and Intel.
Designed by a former Google engineer to improve upon Bitcoin's technology, Litecoin offers quicker processing times and a larger number of tokens. It is also the first cryptocurrency to implement SegWit, a method of speeding up transaction times without compromising the underlying blockchain technology.
Dash's focus is on instant transactions and owner privacy. Dash has an infrastructure that enables much faster transactions than other Cryptocurrencies and therefore displays higher liquidity than many of its counterparts.
Bitcoin Cash resulted from a hard fork of the Bitcoin blockchain. It increased block size from 1 megabyte to 8 megabytes without incorporating SegWit.
Ripple is both a transaction network and crypto token which was created in 2012 as the go-to cryptocurrency for banks and global money transfers, and has recently experienced a period of growth.
Advantages of trading Cryptocurrency with IC Markets
Instant cash settlement of trades in your account currency
Go long and short for increased opportunities
|BTCUSD, BCHUSD, ETHUSD, DSHUSD, LTCUSD, XRPUSD||Specifications
|Stop Level||0 (No minimum Order Distance)
|Minimum Lot Size||0.01 Lot (MT4 Volume 0.01 )
|Maximum Lot Size||10 Lot (MT4 Volume 10.0)
|Minimum Step||0.01 Lot (MT4 Volume 0.01)
|Stop Out Limit||50%
|Pending orders are good till Cancelled||Yes
Cryptocurrency Trading Hours
IC Markets Trading Hours Page provides further information regarding the Trade timings of our Crypto currencies.
Trade Cryptocurrency with IC Markets Today!