Cryptocurrency CFD Trading

Cryptocurrency CFD Trading
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CRYPTOCURRENCIES

Why Trade Cryptocurrency CFDs?

Click here for a full list of our cryptocurrencies and typical spreads

Click here

for a full list of our cryptocurrencies and typical spreads

It has been little more than a decade since the birth of Bitcoin and few could have imagined the meteoric rise of Cryptocurrency. At FP Markets you can trade Bitcoin and other popular cryptocurrencies including Ethereum, XRP (Ripple), Bitcoin Cash, and Litecoin without the need of a digital wallet. Through the use of Cryptocurrency CFDs, traders in the UK can capitalise on both rising and falling prices in a market that is renowned for its high levels of volatility.

What are the benefits of trading Cryptocurrency CFDs?

  • Access Cryptocurrency market without the need for a digital wallet
  • Diversify your portfolio with an exciting asset class
  • Cryptocurrency prices are not correlated to any central bank or financial instrument
  • Trade both rising and falling prices in a 24/5 market
  • Trade on leverage with low spreads

FP Markets offers much more than cryptocurrencies trading! We also offer Forex, Commodities, Shares & Indices Cryptocurrencies on competitive spreads in unparalleled trading conditions.



What is the Best Platform to Trade cryptocurrencies?

MetaTrader 4 or MetaTrader 5. The world’s most popular trading platform.

Discover the benefits of trading cryptocurrencies on one of the most powerful trading platforms suites available. MetaTrader 4 and MetaTrader 5 are the best trading platforms for trading cryptocurrencies and are accessible across desktop and mobile devices.

Customisable interface and alerts

Traders Toolbox - suite of 12 online trading tools


One-click trading


MarketWatch


Live price streaming on Live accounts and Demo accounts with 128-bit encryption ensuring secure trading


Expert Advisors (EAs)


Customisable alerts


Compatible with iOS, Android and Mac devices

6 Reasons to Choose
FP Markets

An Australian regulated Forex broker

Australian Regulated

Segregated client funds
& regulation in Australia

Tighter Spreads

Market leading spreads from
0.0 pips, 24/5

Faster Execution

Low latency
execution under 40ms*

Advanced Platforms

MT4, MT5 & WebTrader
with superior client portal

24/5 Multilingual
Customer Support

Award-winning support
& personal account managers

Established in 2005

15+ years
trading experience

Why Trade Cryptocurrency CFDs?

A Contract for Difference (CFD) is an alternate way to trade Cryptocurrency. The ability to take a short position, coupled with leverage and the absence of a digital wallet, allow for easy access to the Cryptocurrency market. FP Markets clients in the United Kingdom can trade Cryptocurrency CFDs in all major cryptos including Bitcoin, Ripple (XRP), Bitcoin Cash, Litecoin and Ethereum.

Bitcoin (BTC)

Bitcoin was the first digital currency created in 2008


It accounts for 50% of the Cryptocurrency market cap


The highest that Bitcoin price has ever reached was in April 2021, when it hit the over US$63,000


The popularity of trading crypto has resulted in increased levels of liquidity

Litecoin (LTC)

Similar to Bitcoin, Litecoin differs in terms of scalability


It takes roughly 2.5 minutes to mine a block, compared to 10 minutes for Bitcoin


One of 1600+ altcoins, Litecoin is one of the most popular cryptocurrencies


Litecoin is a fork of Bitcoin in that it shares the same code

The block generation time has been decreased with more coins available


Ripple (RPL)

Ripple is the next generation real-time gross settlement system


It allows cross-border fund transactions within seconds, at very low costs

Many of the world's biggest banks including The Royal Bank of Scotland (RBS) in the UK use Ripple technology

Ethereum (ETH)

Ethereum, also known as 'Ether', is the second largest cryptocurrency after Bitcoin


It allows developers to create smart contracts on the platform


Involvement in multiple blockchain projects has seen Ethereum gain significant popularity


Bitcoin Cash (BCH)

Bitcoin Cash was created by the Bitcoin hard fork on August 1, 2017, and is an alternate version of the blockchain with different rules


Bitcoin Cash was created to counteract scalability issues experienced by Bitcoin


It works by switching from the main Bitcoin blockchain to a new version that has the capacity for a larger number of transactions

Fulfils the original promise of Bitcoin as “Peer-to-Peer Electronic Cash”.

An Example of Leveraged
Cryptocurrency CFD Trading

Suppose you want to trade CFDs, where the underlying asset is the BTC/USD a Cryptocurrency, also known as BITCOIN. Let us suppose that the BTC/USD is trading at:

You decide to buy 1 digital coin of BTC/USD because you think that the BTC/USD price will rise in the future. Your margin rate is 50%. This means that you need to deposit 50% of the total position value into your margin account.

Now, in the next hour, if the price moves to 29789,76 / 29799,76, you have a winning trade. You could close your position by selling at the current (Bid) price of USD 29789,76

In this case, the price moved in your favor. But, had the price declined instead, moving against your prediction, you could have made a loss. This continuous evaluation of price movements and resultant profit/loss happens daily. Accordingly, it leads to a net return (positive/negative) on your initial margin. In the loss scenario where your Free equity, (Equity - Margin) falls below the margin requirements (14799,88), the broker will issue a margin call. If you fail to deposit the money, and the market moves further against you, when your free equity reach the 50% of your initial margin the contract will be closed at the current market price, known as “stop out.”

If the price
of BTC/USD		 To You could Gain or Lose
for a Long Position		 Resulting in a Return
of the Initial Margin
Rises by 1% 29885,66/29895,76 USD 285,90 2%
Declines by 1% 29293,86/29303,76 USD -305,90 -2%

Cryptocurrency
Trading - FAQ

Cryptocurrency CFDs are a new way to trade this revolutionary financial instrument. Just like Forex, you can speculate on the price of major Cryptocurrencies by purchasing a Contract for Difference. FP Markets offers Cryptocurrency CFD trading in Bitcoin, Litecoin, Ripple ,Ethereum and Bitcoin Cash. Read more about Cryptocurrency CFDs.

Cryptocurrency Spreads

Symbol Product  
    Min Avg
ADAUSD Cardano vs US Dollar 0.0024 0.0193
BCHUSD Bitcoin Cash vs US Dollar 4.0000 4.0900
BTCUSD Bitcoin vs US Dollar 8.0100 10.8524
DOGUSD Dogecoin vs US Dollar 0.0020 0.0020
DOTUSD Polkadot vs US Dollar 0.0240 0.0257
EOSUSD EOS vs US Dollar 0.0031 0.0036
ETHUSD Etherium vs US Dollar 4.0100 4.5656
LNKUSD Chainlink vs US Dollar 0.0240 0.0262
LTCUSD Litecoin vs US Dollar 0.3000 0.3091
RPLUSD Ripple vs US Dollar 0.0005 0.0028
XLMUSD Stellar vs US Dollar 0.0021 0.0022
Are you ready to trade cryptocurrency CFDs? Get started now!


bullet Access 10,000+ financial instruments
bullet Auto open & close positions
Take advantage of rising and falling markets
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bullet Many more trading tools included

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** Data acquired from our server shows our EURUSD spread to be 0.0 pips on average 61.15%% of the time from 01-08-2022 to 31-08-2022 (available for our RAW Spread trading accounts only).

^ For MT4/5 only. Terms and conditions apply

* The average order execution time between the trade being received, processed and confirmed as executed by us is 48 milliseconds. As observed from our bridge provider between 01-12-2021 to 31-12-2021. FP Markets was rated by Investment Trends as the Best for Quality of Trade Execution 2019

** Terms and conditions apply.

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DISCLAIMER: This material on this website is intended for illustrative purposes and general information only. It does not constitute financial advice nor does it take into account your investment objectives, financial situation or particular needs. Commission, interest, platform fees, dividends, variation margin and other fees and charges may apply to financial products or services available from FP Markets. The information in this website has been prepared without taking into account your personal objectives, financial situation or needs. You should consider the information in light of your objectives, financial situation and needs before making any decision about whether to acquire or dispose of any financial product. Contracts for Difference (CFDs) are derivatives and can be risky. When trading CFDs you do not own or have any rights to the CFDs underlying assets.

FP Markets recommends that you seek independent advice from an appropriately qualified person before deciding to invest in or dispose of a derivative. A Product Disclosure Statement for each of the financial products, as well as our TMD (Target Market Determination), are available from FP Markets and can be obtained either from this website or on request from our offices and should be considered before entering into transactions with us. FP Markets is a group of companies which include First Prudential Markets Pty Ltd (ABN 16 112 600 281, AFS Licence No. 286354), a company authorised and regulated by the Australian Securities and Investments Commission (ASIC), Registered Address: Level 5, 10 Bridge Street, Sydney, NSW, 2000, Australia and First Prudential Markets Ltd (registration number HE 372179), a company authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC Licence number 371/18, Registered Address: Griva Digeni, 109, Aigeo Court, 2nd floor, 3101, Limassol, Cyprus. FP Markets does not accept applications from U.S, Japan or New Zealand residents or residents from any other country or jurisdiction where such distribution or use would be contrary to those local laws or regulations.