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At HFM we offer Derivatives on a wide variety of the most popular cryptocurrencies, including Bitcoin, Ethereum, Ripple and Litecoin, with exceptional trading conditions, tight spreads and fast execution. Open a live trading account and use our powerful trading platforms and professional tools to trade today’s markets with the advantage of tomorrow’s cutting-edge technology!
Cryptocurrencies are a type of digital or virtual currency that is protected by cryptographic techniques, rendering it extremely challenging to duplicate or spend twice. They are run on a peer-to-peer “decentralized” system utilizing blockchain technology - a distributed ledger maintained by a diverse array of computers.
One notable characteristic of cryptocurrencies is their typical lack of issuance by a central authority, making them theoretically resistant to government intervention.
Cryptocurrencies’ lack of physical form and decentralized and volatile nature, achieved by the use of Blockchain technology,makes them perfect for trading. Cryptocurrency trading is the act of speculating on cryptocurrency price movements via a CFD trading account, or buying, holding and selling the underlying coins via an exchange.
With Cryptocurrency CFDs you are able to trade on the cryptocurrency market without a wallet, which provides extra security against the risk of a hacker breaking into your cryptocurrency wallet. In addition, most trading platforms utilize SSL secured communication, ensuring a safe environment for transactions.
Traders can also speculate on the price movements of cryptocurrencies, and take advantage of major events such as the cryptocurrency crashes of recent years, but crucially, without having to physically own and store them.
Cryptocurrency CFDs are leveraged giving you the chance to gain large exposure to the relevant cryptocurrency with small initial deposit, referred to as margin. Upon closing a leveraged position, your gains or losses are determined by the complete size of the position.
As CFDs allow you to adopt short positions, you can hedge against losses on positions you already hold.
We strive to maintain some of the most competitive spreads in the market.
HFM provides all clients with free negative balance protection and other top security of funds measures including segregation of funds and accounts only with major banks.
The brand new HFM App provides easy access to 500+ markets, portfolio management across multiple accounts, customized trading and detailed history of each trade.
Like trading other CFDs, trading CFDs on cryptocurrencies is speculative, which means you can go long (‘buy’) if you think a cryptocurrency will rise in value, or short (‘sell’) if you think it will fall.
Cryptocurrencies are highly influenced by supply and demand, market sentiments, government regulations, and media hype. Their volatile nature can present many opportunities for traders, but can also create much more risk. Never risk more than you can afford to lose!
The size of the cryptocurrency market, and the constant addition of new cryptocurrencies can increase portfolio diversification. Take a look at all the cryptocurrencies available to trade with HFM
Learn how to trade cryptocurrencies with HFM. There are many reasons the cryptocurrency market is so popular; there is a huge number of cryptocurrencies to choose from, it is a huge market that works 24 hours a day, and being able to trade online has made the market accessible to more people than ever before.
At HFM we offer you the opportunity to trade popular Cryptocurrencies as derivatives without owning the digital asset, with 24/7 trading, low margin requirements, and the ability to trade on both rising and falling prices.
The HFM Education Centre is filled with educational resources to help you learn the basic concepts and strategies you will need to get started trading so you can make a dynamic entry into the market.
Before you trade you need to follow a few steps. Open a live trading account and start cryptocurrency trading in less than 2 minutes:
Register with HFM by completing a simple online form and providing your KYC documentation to verify your account.
Fund your account using any one of our fast, simple and secure methods.
That’s it! You can access all asset classes and start cryptocurrency trading.
The price of a cryptocurrency can be affected by many factors including supply and market demand for it, market cap, regulatory updates, news and media coverage and price speculation.
As with all tradable assets, the Cryptocurrency price is shaped by supply and demand dynamics. The limited supply of cryptocurrencies leads to increased demand and supports prices.
Cryptocurrency demand has influenced the creation of new currencies as well as new technology, new features, upgrades, exchange listings etc as more participants enter the field, and the technology needs to keep up with the demand in order to maintain the same speed.
The valuation of all cryptocurrencies currently in circulation and the evolving perceptions of users regarding their development. The higher the market cap of a cryptocurrency, the more dominant it is considered to be in the entire cryptocurrency market.
Major events, such as economic data releases, cryptocurrency product registration with the SEC, every regulatory update, breaches in security, and economic downturns, can affect the value of cryptocurrency.
News items influence investor appetite. Good news for cryptocurrency investors tends to send prices up, while bad news sends them down.
The below table sets out the Trading Hours that cryptocurrencies are available to be traded on the HFM platforms. Although the cryptocurrency market is tradable 24/7, the best times to trade Cryptocurrencies are generally considered to be the below:
Historical data shows that the market is most active during the overlap of the US and London sessions (14:30-16:30 GMT).
High volumes in Cryptocurrency CFDs have been seen around 8:00 GMT when European markets open, and 17:00 GMT when European markets close.
During clear market conditions investors are more easily able to determine future performance.
News, anticipated or unforeseen, has the potential to influence a cryptocurrency’s price -i.e. interest rate changes, crypto regulation news, inflation, industry news.
Cryptocurrencies can be traded on all our platforms, the HFM platform, MetaTrader 4 and MetaTrader 5! These popular and powerful platforms ensure that every trader can trade in their preferred style, in their favourite location and on the device of their choice. Trade Cryptocurrencies from your device, anytime from anywhere, with the HFM platform!
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You can start Cryptocurrency trading with HFM in less than 2 minutes! Open a live trading account by completing a simple online form and providing your profile information, fund your trading account using any one of our fast, simple and secure methods, and access any of our many asset classes to get started!
HFM offers account types with no minimum deposit. We also offer leverage on our Cryptocurrencies as well as low spreads, negative balance protection and ultra-fast execution. Please check our Trading Accounts and Crypto CFD Trading pages for more information.
Cryptocurrencies can be traded on all our platforms, the HFM platform, MetaTrader 4 and MetaTrader 5! These popular and powerful platforms ensure that every trader can trade in their preferred style, in their favourite location and on the device of their choice. Trade Cryptocurrencies from your device, anytime from anywhere, with the HFM platform!
Although the cryptocurrency market is tradable 24/7, the best times to trade Cryptocurrencies are generally considered to be the during market overlaps, at the European open and close, whenever there are clear market conditions or after cryptocurrency-related news.
