Not a good idea to trade crosses of coins, spread is high, price is inconsistent across the spectrum of cfd providers. I think it is best to stick to the original way of buying and trading through a crypto exchange. These broker type providers just want a new source of revenue from the new and unsuspecting.
honestly i think the crypto trading market will lose it appeal really soon.
How soon? And what makes you think that?
Yup, no interest in the market today.
50:1 leverage on cryptocurrencies?
That’s what one maverick broker, in one maverick jurisdiction, is offering.
From Finance Magnates
From LeapRate – this article is essentially similar to the Finance Magnates article
RoboForex raises leverage for Cryptocurrency trading up to 1:50
Since the launch JFD has made some changes.
They’ve added 4 other crypto CFDs to their offering and have lowered the spreads significantly.
BTC/USD used to be ~$50.
Which is insane.
Now it’s ~8$.
It makes much more sense to try and trade those CFDs now.
How’s GAIN approaching the crypto market for US residents, @FOREX.com? Any chance you open up some services here, or is the regulatory environment too unfavorable for such a thing?
At this time, US regulations prohibit leveraged trading of cryptocurrencies in the spot market. However, bitcoin futures trading is available through our affiliate, FuturesOnline.