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Trade Cryptocurrency with FXCM

  • FXCM currently offers two CFDs on Cryptocurrencies. Bitcoin (BTC/USD) and Ethereum (ETH/USD).
  • Whether the price of the cryptocurrency goes up or down, you can take part of the action by trading at FXCM.
  • You can enable the instrument on your account today by typing either 'BTC/USD' or 'ETH/USD' into the search box on the Trading Station Symbols list window.

What is Bitcoin?

Bitcoin is a global form of digital currency. Unlike traditional currencies, which were frequently backed by gold and silver, bitcoin is based on distributed computing. While traditional currencies are printed by central banks, bitcoins are created or "mined" by distributed computer networks.

Bitcoin differs from traditional currencies is that it is decentralized, meaning that it is not controlled by any single institution. As a result, miners around the world create new units of the currency and confirm its transactions.

What is Ethereum?

Ethereum, is a decentralised platform that runs smart contracts.

What is Ether?

Ether is the digital currency used by Ethereum. Ether is the fuel or "gas" used to pay for transactions made on the Ethereum platform. Ether gives participants a reason to contribute resources used by the platform, thereby ensuring a robust network. Further, it provides developers with incentive to write efficient code, as inefficient software programs are more expensive.

Why Trade Cryptos with FXCM?

DIRECTIONAL TRADING

With FXCM you can open long and short positions and trade potential market moves in either direction

NO CRYPTO WALLET OR COLD STORAGE

Trading Crypto CFDs means that no physical delivery of the coin is required and profits and losses are credited or debited to your account instantly.

LOW COST OF ENTRY

Micronized CFD contracts allow you to place trades in fractions of an actual coin, which lowers the minimum margin required to enter a position.

TRADE BITCOIN WITH LEVERAGE1

2:1 Leverage Available. Control the position size of your choosing requiring only half the necessary funds.

Did you know? FXCM's Crypto CFDs have a periodic expiration. Please review our CFD Product Guide to learn more.