Even though the cryptocurrency market is struggling and most prices are falling, the interest to trade cryptocurrencies remains high. While the market is falling, it is limiting to trade on the cryptocurrency exchanges since you make your profits from gains. Luckily, there is a versatile alternative. We are of course talking about CFD trading, our favorite way of trading.
The best CFD brokers are regulated which means that they come with a layer of security that regular exchanges lack. Usually, this means they are less prone to cyber attacks.
We have extensive experience from the market and can help point you in the right direction.
Day Trade with CFDs
A CFD is a derivative that is used to speculate on market movements and it can be used on any underlying asset, including cryptocurrencies. One of the main benefits of CFD trading is that it is easy to invest both long and short, i.e. trade on increasing and decreasing price. Because of this, CFDs have become increasingly popular among cryptocurrency day traders.
Another benefit with CFD trading is that it is done with regulated and authorized CFD brokers. These CFD brokers are licensed under very strict regulations and have to protect their customers and their funds no matter what. In addition, they have better security systems than most exchanges, and therefore they are less likely to be subject to cyber attacks. And since you don’t actually trade with the cryptocurrencies or other assets, there is nothing for hackers to steal.
Margin Trade Cryptocurrencies
All CFDs are leveraged assets which means it allows you to buy cryptocurrencies with leverage and increase your exposure for every trade. Leveraged cryptocurrency trading has many benefits but also risks, be careful.
These three aspects alone are the main reasons why we and many others have started trading cryptocurrencies as CFDs lately, and we can help you find the best CFD broker.
Best CFD Brokers for Cryptocurrencies
Need help finding a good broker? Let us help you!
Our aim with this website is to educate traders and provide advice on how to stay safe in the online trading world. One of the most important parts of that is recommending the best cryptocurrency brokers to our readers. Below you’ll find a list of the best CFD brokers for cryptocurrencies and other assets with a link taking you directly to our comprehensive broker reviews.
IQ Option review – This might very well be the best broker for cryptocurrency trading out there. Not only were they among the first to start offering cryptocurrencies as CFDs but they have also launched their own regulated exchange as well as a crypto network.
Plus500 review – During the 2017-2018 cryptocurrency boom, Plus500 experienced an incredible increase in new customers that wanted to trade digital assets with the broker. They also have one of the best trading platforms out there, and cryptocurrency trading has never been this easy.
eToro review – When it comes to cryptocurrency copy trading there is no one that can compete with eToro. In fact, few services can compete with eToro’s copy trading feature for any asset. They are also working on launching their own cryptocurrency exchange and will definitely drive the market forward.
IG Markets review – This broker is one of the most well-established brands in the industry and has been since 1973. They also offer a solid cryptocurrency product that we suggest you check out.
24Option review – For many years this broker was leading the binary options industry, and after a change of heart they now belong at the top of the CFD and forex industry. Trading cryptocurrencies with 24Option is both effortless and exciting.