HomeNewbie's lounge

New to online trading? Join the newbie's lounge, get answers and discuss topics with more experienced traders from around the world.

Can I Trade Cryptocurrencies With A Forex Broker? Messages in this topic - RSS

Do You Trade Cryptocurrencies?

Yes, with an exchange:2
Yes, with a CFDs broker:1
Nah, I prefer to stay away from cryptos:0
Angelus
Angelus
Administrator
moderator
Posts: 13


11/5/2021
Angelus
Angelus
Administrator
moderator
Posts: 13
This is a common question that we receive from our users. Yes, it is possible to trade cryptocurrencies with a forex broker - if the broker has it.

Contrarily to trading cryptos via an exchange (like Binance, Kraken, CMC, etc), where traders need a wallet and to own the assets, a forex broker offers crypto CFDs. A CFD (Contract for Difference) is a financial instrument allowing investors to buy and sell the price of an asset, without owning it. Thus, crypto CFDs trading does not require a wallet for holding the cryptos, and investors are free to close the trading position at any time.

Forex brokers with crypto CFDs also allow short-selling, thus, when there is some negative news impacting the BTC price, for example, traders can make money by selling the BTC price. And the best thing is, contrarily to some crypto exchanges, forex brokers with crypto CFDs are highly regulated and supervised by financial authorities to offer the trading of this asset.

We have a complete guide with the Best Cryptocurrencies Brokers that could interest you.
Plus, did you know that you can also earn cashback rebates with your crypto trading with one of our selected brokers?
0 link
Boris Idra
Boris Idra
Posts: 1


22 days ago
Boris Idra
Boris Idra
Posts: 1
When you start trading on Forex, one of your trading journey's essential parts is choosing a reliable broker.
0 link
Angelus
Angelus
Administrator
moderator
Posts: 13


15 days ago
Angelus
Angelus
Administrator
moderator
Posts: 13
Hi everyone. We are very excited to announce a new listing on our rebates category, for those trading cryptocurrencies CFDs.

CryptoAltum main features are:

Zero fees on deposits and withdrawals.
Accepts account deposits in BTC, ADA, ETH, LTC, XRP, BCH and USDT.
BTC/USD with low spreads (from $1.75), zero trading commissions.
Secure funding, fast and anonymous withdrawals 24/7.

Find out more on our complete CryptoAltum review.

Attachments:

0 link
One Step
One Step
Posts: 1


14 days ago
One Step
One Step
Posts: 1
Currency pairs such as EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, and others are commonly traded by forex traders. However, there are only a few alternatives. The FX market, on the other hand, has a limited number of instruments. The coins can be used instead of money, but the most important is to make profit from trades. For this, a good thing would be to download metatrader 4, and start making more money following the strategies, based on the analyzed information.
0 link