Cryptocurrency is a type of currency that is based on cryptography and uses a distributed ledger system called the blockchain. By harnessing these technologies, developers have aimed to create currencies that are, for the most part, secure, private, traceable and decentralised.
There are thousands of cryptocurrencies in existence, and to make matters even more complicated, these digital assets are trading on a large number of exchanges.
Leverage: Leverage is a double-edged sword and can dramatically amplify your profits. It can also just as dramatically amplify your losses. Trading foreign exchange/CFDs with any level of leverage may not be suitable for all investors.
When executing customers' trades, FXCM can be compensated in several ways, which include, but are not limited to: spreads, charging commissions at the open and close of a trade, and adding a mark-up to rollover, etc. Commission-based pricing is applicable to Active Trader account types.