Crypto Trading
Trade CFDs on Cryptocurrencies with the Prime FX Broker
and benefit from tight spreads and fast order execution.
Average execution time
< 0.08 ms
Up to 7,000 orders executed per second
Ultra-low latency data centre co-location
Why trade with PlusFX
Benefit from ultra-fast order execution with most orders executed in under 0.08 ms.
Years of Excellence
Choose a trusted broker that serves clients all over the world, based across five continents.
Trade 250+ Instruments
Trade CFDs on Forex, Shares, Futures, Spot Indices, Spot Metals and Spot Energies.
4 Trading Platforms
Take full control using your preferred platform: PlusFX, MT4, MT5, cTrader and Edge
Fast Execution & Deep Institutional Liquidity
Benefit from ultra-fast order execution. The average execution speed is under 0.08 seconds
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International Awards
Trade with a broker that has been repeatedly recognized for the quality of its services.
Offering 24/5 Multilingual customer service
Our 24/5 Customer Support, provides assistance in more than 10 languages.
Award-Winning NDD Execution
All our clients trade directly with the inter-bank rates.
No Dealing Desk.
Most trades are filled in under 10 milliseconds,
with up to 2,000 trades executed per second.
Highly transparent
trading environment
No re-quote or delay
in filling orders
Ultra-low latency datacentre co-location
Choose Your Platform
We provide our clients with a wide range of desktop, web and mobile trading platforms including MetaTrader 4, MetaTrader 5, cTrader and PlusFX app.
What are Cryptocurrencies?
A cryptocurrency is a medium of exchange that is digital, encrypted and decentralized.
Unlike the U.S. Dollar or the Euro, there is no central authority that manages and maintains the value of a cryptocurrency. Instead, these tasks are broadly distributed among a cryptocurrency’s users via the internet.
Bitcoin was the first cryptocurrency, first outlined in principle by Satoshi Nakamoto in a 2008 paper titled “Bitcoin: A Peer-to-Peer Electronic Cash System.”
Nakamoto described the project as “an electronic payment system based on cryptographic proof instead of trust.”
That cryptographic proof comes in the form of transactions that are verified and recorded in a form of program called a blockchain.
What moves cryptocurrency markets?
Cryptocurrency markets move according to supply and demand. However, as they are decentralised, they tend to remain free from many of the economic and political concerns that affect traditional currencies. While there is still a lot of uncertainty surrounding cryptocurrencies, the following factors can have a significant impact on their prices:
●Supply: the total number of coins and the rate at which they are released, destroyed or lost
● Market capitalisation: the value of all the coins in existence and how users perceive this to be developing
●Press: the way the cryptocurrency is portrayed in the media and how much coverage it is getting
●Integration: the extent to which the cryptocurrency easily integrates into existing infrastructure such as e-commerce payment systems
●Key events: major events such as regulatory updates, security breaches and economic setbacks
A feature of most cryptocurrencies is that they have been designed to slowly reduce production. Consequently, only a limited number of units of the currency will ever be in circulation.
This mirrors commodities such as gold and other precious metals. For example, the number of Bitcoins is not expected to exceed 21 million.
Cryptocurrencies such as Ethereum, on the other hand, work slightly differently. Issuance is capped at 18 million Ethereum tokens per year, which equals 25% of the initial supply.
Limiting the number of bitcoins provides ‘scarcity’, which in turn gives it value.
Some claim that bitcoin’s creator actually modelled the cryptocurrency on precious metals. As a result, mining becomes more difficult over time, as the mining reward gets halved every few years until it reaches zero.
Bitcoin and other cryptocurrencies can best be described as potential currencies.
As noted above, they are not widely accepted today as a medium of exchange. They have significant limitations holding them back from developing into fully-fledged currencies. There are also questions around whether cryptocurrencies are just part of a financial bubble.
The potential uses of the blockchain technology behind cryptocurrencies is also a matter of interest.
It’s possible that this technology will be adopted for other purposes, including legal transactions, security programs and voting systems.
Crypto margin with PlusFX
Crypto margin trading doesn’t have to be complicated, however. In simple terms, the cryptocurrency market is volatile. The price fluctuations exhibited by crypto markets make it possible for crypto traders to turn a profit in both bear and bull markets through Bitcoin margin trading.
What is margin trading cryptocurrency, and how does crypto margin trading work?
Put simply, a cryptocurrency margin trade allows traders to “borrow” capital in order to access increased buying power and open positions far larger than their “real” account balance. Crypto margin trading is a trading practice that allows traders to gain greater exposure to a specific asset by borrowing capital from other traders on an exchange or the exchange itself. In contrast with regular trading in which traders use their own capital to fund trades, margin trading allows traders to multiply the amount of capital they are able to trade.
Margin trading is also often referred to as leverage trading “leverage” is the amount by which a trader is able to multiply their position.
A margin trader that opens a trade with 100X leverage, for example, will multiply their exposure and potential profit by 100 times.
What is the spread in cryptocurrency trading?
The spread is the difference between the buy and sell prices quoted for a cryptocurrency. Like many financial markets, when you open a position on a cryptocurrency market, you’ll be presented with two prices. If you want to open a long position, you trade at the buy price, which is slightly above the market price. If you want to open a short position, you trade at the sell price – slightly below the market price. What is a lot in cryptocurrency trading? Cryptocurrencies are often traded in lots – batches of cryptocurrency tokens used to standardise the size of trades. As cryptocurrencies are very volatile, lots tend to be very small: most are just one unit of the base cryptocurrency. However, some cryptocurrencies are traded in bigger lots. What is leverage in cryptocurrency trading? Leverage is the means of gaining exposure to large amounts of cryptocurrency without having to pay the full value of your trade upfront. Instead, you put down a small deposit, known as margin. When you close a leveraged position, your profit or loss is based on the full size of the trade.What is margin in cryptocurrency trading? Margin is a key part of leveraged trading. It is the term used to describe the initial deposit you put up to open and maintain a leveraged position. When you are trading cryptocurrencies on margin, remember that your margin requirement will change depending on your broker, and how large your trade size is. Margin is usually expressed as a percentage of the full position. A trade on bitcoin (BTC), for instance, might require 15% of the total value of the position to be paid for it to be opened. So instead of depositing $5000, you’d only need to deposit $750.