| Online Broker | Crypto CFD | Cardano Trading Platform | Minimum Deposit |
|---|---|---|---|
| IronFX | ADA Crypto CFD | MT4 Cardano Trading Platform | $50 Minimum Deposit |
IronFX Offers ADA CFD Trading on MT4
IronFX offers CFD trading in Cardano (ADA). ADA is the Cryptocurrency on the Cardano platform. In CFD trading, the trader does not own the cryptocurrency, rather speculates on its price movement. This means that they can go long or short and as they do not own it, do not need a wallet.
What is Cardano and ADA ?
ADA is a cryptocurrency which is used to make digital payments. Cardano is a platform which is currently being developed to support the use of smart contracts and applications (dapps) operating on the blockchain, with a focus on decentralisation. Cardano says that they are developing it in layers and are working on a settlement layer for ADA (to improve its performance for digital payments) and adding on layers to enable smart contracts and dapps. So the aim for the platform is digital payments, smart contracts and the capacity to run programs which are compiled on its blockchain.
| Account Types | Description |
|---|---|
| Live Fixed Spread, Live Floating Spread Account Types | Accounts denominated in the cryptocurrency ADA are offered on the Live Fixed and Live Floating Spread Account Types Description |
Each phase in the onging development process of Cardano is named after a historical figure. The first phase was named after the poet Lord Byron, the current phase is named after the poet Shelley. A difference between Byron and Shelley is that Shelley has moved to a more distributed framework. Transactions in ADA through proof-of-stake using the Ouroboros blockchain protocol are supported (the settlement layer) and other applications are being developed via the Shelley mainnet (the blockchain which is used to process transactions).
What is IronFX's minimum deposit ?
IronFX's minimum deposit is $50 to open a live trading account. IronFX has a range of other account types including a Premium account and a VIP account as well as STP/ECN accounts. IronFX.
What trading platform is available to trade ADA ?
IronFX provides the MetaTrader 4 (MT4) platform.
What other markets does IronFX offer ?
IronFX offers Forex, Indices, Energy, Metals, Soft Commodities, Stocks and Cryptocurrencies, all on MT4.
What other cryptocurrencies does IronFX offer ?
IronFX offers Bitcoin, Ethereum, Litecoin, Ripple, Cardano, Dogecoin, Iota, Polkadot, EOS, Ethereum Classic, Bitcoin Cash, Stellar, Uniswap, Solana, Tron, OmiseGO, Internet Computer Protocol and IOST CFDs. IronFX can also offer trading accounts denominated (the base currency) in ADA, as well as Bitcoin and Ethereum and other cryptos and fiat currencies. The account type is chosen via the sign-up process and other accounts can be added after sign-up.
