crypto trading brokers
- Thread starter Zack King
- Start date
- Watchers 15
Buying crypto with eToro means it’s purchased and held by eToro on your behalf. Technically, when you sell crypto, it’s a CFD. When you buy crypto, you will own the real coin but with no investor protection. You better go to NYSE...
By the way 1:50 for crypto is wild... Don't you think so?
And spreads are worse than on exchanges so I see little since trading crypto CFDs. Can you enlighten me why it makes sense?
Crypto CFDs tend to have higher leverage and non commission compared to crypto exchanges.
I've been using one called CedarFX for the past year or so now. Ticks all my boxes and they have a pretty good range. Crypto leverage can be up to 1:100 and they also have BTC deposits. Before that I was using Etoro which was ok for learning the ropes.
Hotforex, Tickmill, Exness they are moving fast in the way of reducing spreads and cutting commissions, for me it's a crucial thing that would somewhat level trading conditions with major exchanges and make scalping profitable activity.
Couldn't find a broker that offers 1:50, most offer 1:20 probably due to extremely high volatility during and after sell-off