CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Trade some of the most popular cryptocurrencies in the world.
Or try FXCM's unique CryptoMajors Basket!
FXCM's Bitcoin Spreads are among the tightest in the industry.
| Broker | Bitcoin Spread* |
|---|---|
| FXCM1 | 30 |
| CMC2 | 37 |
| IG3 | 36 |
| Plus5004 | 36 |
| City Index5 | 35 |
This table is for comparative purposes only and does not indicate any future performance levels. The spread figures are taken from prominent UK competitor websites and are correct to the best of our knowledge as of August 17, 2020. FXCM cannot guarantee the accuracy of such figures and is not liable for errors, omissions or delays or for actions relying on this information. Please refer to the respective CFD broker's website to get familiarized with the assumptions or basis used during the calculation of the spreads. Please note that overnight charges may differ among brokers and are not included in this comparison.
Up to 2:1 effective leverage[1] available. Control the position size of your choosing requiring only half of the necessary funds. Use effective leverage to trade 1:1 as well. The choice is yours.
Go long or short – no restrictions on market direction. Looking to automate your trading on cryptocurrencies? Our cryptocurrencies can handle your automated strategies.
Let us settle the debate for you. CFDs offer advantages to the speculator that are not provided by underlying "physical" crypto market. They are:
If you buy and sell physical cryptocurrencies you need to make a decision on whether or not you leave your physical cryptocurrencies with your provider. If you do, you risk they may be hacked. If you do not, you have to learn how to use hardware wallets where one wrong keystroke could mean all funds are lost.
Crytpocurrencies are not widely accepted as payment for goods and services. No need to hold them physically.
CFDs are regulated financial products. Physical crypto is not. To the trader that means the firm they deal with is subject to oversight by both regulators, auditors, and best execution committees. With a CFD, you can be sure you are receiving the best price available as it's a regulatory requirement. You are not guaranteed that with physical crypto.
FXCM is regulated and your funds are held at leading financial institutions. Your funds are not kept by an unregulated exchange but instead with a company complying with required hacking prevention measures. And in the event FXCM is unable to pay back funds due to insolvency, customers can rely on FSCS protection up to £85,000 per individual.
Our platforms are battle-tested and have been in development throughout FXCM's 20 year history. They are more feature-rich than the newly-established trading platforms of physical crypto companies. You may trade any crypto product you like without regard for what you currently hold in your account. For example, an FXCM account in GBP can go long BTC/USD without need to first own USD. That is not the case with major crypto "exchanges".
Bitcoin has experienced multiple bull markets, and this latest one, which began in 2018, is markedly different from the last. Between late 2018 and the time of this writing in…
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. With all these data points,…
Since coming into existence in 2009, Bitcoin has experienced numerous price fluctuations and volatility. This has led to many financial experts attempting to predict the digital currency's price in the…
Bitcoin, the world's most prominent digital currency, came into existence in early 2009. While the digital currency went largely unnoticed by global authorities in its early years, it has since…
In May 2020, Bitcoin is scheduled to have its third halving, an event that will reduce production of the digital currency by 50%. While the Bitcoin network has experienced two…
Digital assets are relatively new compared to many other asset classes, and their regulatory framework has changed significantly over the years. Many jurisdictions and their regulatory entities have sought to…
The CryptoMajors basket is a unique product that combines Bitcoin (BTC/USD), Ether (ETH/USD), Ripple (XRP/USD), Litecoin (LTC/USD) and Bitcoin Cash ABC (BCH/USD) into one instrument and is a benchmark designed to reflect the change in value of some of the world's top digital currencies.
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.
Past Performance: Past Performance is not an indicator of future results.
| Margin | Average Spread | Smallest Trade Size | Largest Trade size |
|---|---|---|---|
| 2:1 | 26.23 | 0.01 BTC | 5 BTC |
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.
Past Performance: Past Performance is not an indicator of future results.
| Margin | Average Spread | Smallest Trade Size | Largest Trade size |
|---|---|---|---|
| 2:1 | 1.87 | 0.10 ETH | 100 ETH |
Litecoin is an open-source, decentralized digital currency that was created in 2011 using code from a Bitcoin client. Because of the close relationship between the two, many have described Litecoin as being the Silver to Bitcoin's gold.
Past Performance: Past Performance is not an indicator of future results.
| Margin | Average Spread | Smallest Trade Size | Largest Trade size |
|---|---|---|---|
| 2:1 | 0.6 | 1 LTC | 1000 LTC |
Bitcoin Cash is a cryptocurrency that forked from Bitcoin in 2017. Its one major difference is that the blocks in bitcoin cash's blockchain allow far more space and therefore have the capacity to hold significantly more transactions.
Past Performance: Past Performance is not an indicator of future results.
| Margin | Average Spread | Smallest Trade Size | Largest Trade size |
|---|---|---|---|
| 2:1 | 2.93 | 0.1 BCH | 100 BCH |
XRP is the native token of the Ripple network. Ripple is a cryptocurrency platform that facilitates exchange between participants via the online space. However, unlike Bitcoin and Litecoin instead of the primary objective being the creation of a decentralized and anonymous peer-to-peer mode of transfer, the target audiences for XRP are traditional banking institutions and is used to settle cross-border and cross-bank transactions transparently.
Past Performance: Past Performance is not an indicator of future results.
| Margin | Average Spread | Smallest Trade Size | Largest Trade size |
|---|---|---|---|
| 2:1 | 0.007 | 100 XRP | 10000 XRP |
EOS is the cryptocurrency of the EOS network, a Blockchain platform built for developing dApps (distributed apps). The main aim of EOS is to build a much more scalable, faster, and more efficient version of Ethereum.
Past Performance: Past Performance is not an indicator of future results.
| Margin | Average Spread | Smallest Trade Size | Largest Trade size |
|---|---|---|---|
| 2:1 | 0.02 | 1 EOS | 1000 EOS |
Stellar is a platform that was designed to facilitate the transfer of funds instantly, anywhere in the world. The lumen, often abbreviated XLM, is the protocol token of the Stellar network
Past Performance: Past Performance is not an indicator of future results.
| Margin | Average Spread | Smallest Trade Size | Largest Trade size |
|---|---|---|---|
| 2:1 | 0.0015 | 100 XLM | 10000 XLM |
Want to see more trading parameters? Visit our online product guide.
FXCM has variable spreads that will widen and narrow subject to market conditions. Spread data is based on information published on https://www.fxcm.com/uk/cryptocurrency/ on August 17th 2020.
CMC Markets has a fixed minimum spread of 37 as published on https://www.cmcmarkets.com/en/cryptocurrencies on August 17th 2020.
IG has a spread of 36 as published on https://www.ig.com/uk/cryptocurrency-trading on August 17th 2020.
Plus500 has a spread of 36 as published on https://www.plus500.com/Instruments/BTCUSD on August 17th 2020.
City Index has a spread of 35 as published on https://www.cityindex.co.uk/bitcoin-trading/ on August 17th 2020.
Average Spreads: Time-weighted average spreads are derived from tradable prices at FXCM from July 1, 2020 to September 30, 2020. Spreads are variable and are subject to delay. The spread figures are for informational purposes only. FXCM is not liable for errors, omissions or delays or for actions relying on this information.
