| Online Broker | Cryptocurrency CFD | Minimum Contract Size | Platform | Regulated |
|---|---|---|---|---|
| Dukascopy | Bitcoin Cryptocurrency CFD | 0.01 Minimum Contract Size | JForex, MT4 Trading Platforms | FINMA Regulation |
Dukascopy Offers Trading in Bitcoin CFDs on JForex
Swiss regulated Dukascopy Bank SA offers CFD trading in Bitcoin (BTC/USD) CFDs as well as Ethereum, Litecoin, Bitcoin Cash, Stellar, Dashcoin, EOS, TRON, Cardano, Uniswap, Chainlink, Polygon, Aave, Maker, Compound, Enjin, Yearn Finance and Basic Attention Token CFDs on JForex and MT4.
What is Bitcoin ?
Bitcoin is a decentralised peer-to-peer payment system, using the cryptocurrency Bitcoin. Processing of transactions in the cryptocurrency is performed by miners who receive Bitcoin as part of the process of creating processed chained blocks of transactions. These chained blocks of processed transaction (known as the blockchain) constitute an electronic ledger of all transactions in the cryptocurency.
Does the trader own the cryptocurrency ?
The trader does not own the cryptocurrency Bitcoin, as they are buying or selling CFDs. When opening a CFD position (long or short) Dukascopy is the counterparty, which then hedges the position with external counterparties. The price of the CFD is not necessarily the same as the price of the hedged instrument (if there is one). The price of the CFD can thus differ from its price on exchanges where the physical cryptocurrency asset is traded.
Does the trader need a wallet ?
A wallet is used to store the asset Bitcoin. As the trader does not own it, they do not need a wallet (or any other means) to store it.
What hours can Bitcoin CFDs be traded at Dukascopy ?
The Crypto CFDs can be traded 24/7, including at weeknds, with posible interruptions Saturday and Sunday for maintenance.
What is Dukascopy's minimum deposit ?
Dukascopy's minimum deposit is $1000 to open a trading account (however a larger deposit would be needed to trade a minimum amount of Bitcoin, given its price, maximum leverage and minimum trade size). Dukascopy.
What is the minimum contract size for Bitcoin ?
The minimum contract size is 0.01 Bitcoin. The minimum contract size for Ethereum is 1 Ether. The minimum contract size for Litecoin is 10 LTC. The minimum contract size for Bitcoin Cash is 1 BCH. The minimum contract size for Stellar is 2500 XLM.
What leverage is available ?
At Dukascopy Bank, leverage for Bitcoin CFDs is available at 1:5.
What platforms are available ?
Dukascopy offers ECN services, and provides JForex and MT4. JForex can be used for discretionary trading (where the trader makes their own decisions). It has a visually attractive design (it is built on JAVA) and offers a wide range of technical indicators and other charting tools. Thus the trader can analyse markets using charts. However it can also be used to run and build automated trading strategies (in JAVA). Dukascopy does not restrict trading styles (scalping and news trading, for example, are allowed). So it gives the trader scope to use discretionary or automated trading, like MT4.
What other markets does Dukascopy offer ?
Dukascopy offers trading in Forex, Indices, Energy, Metals, Stocks, Bonds and Soft Commodities, in addition to Cryptocurrencies. It has a total of 1000+ markets available to trade.
Is Dukascopy regulated ?
Dukascopy Bank SA is based in Geneva in Switzerland and is regulated by the Swiss Financial Supervisory Authority (FINMA).
