| Online Broker | Minimum Deposit | UNI CFD Trading Platforms | About |
|---|---|---|---|
| AvaTrade | $100 Minimum Deposit | MT4, MT5, AvaTradeGo, Web Trader UNI CFD Trading Platforms | AvaTrade offers 24/7 UNI CFD trading on MT4, MT5, its AvaTradeGO mobile app and its user friendly Web Trader, with Crypto leverage up to 25:1 About |
| Plus500 | $100 Minimum Deposit | Web Trader & Apps UNI CFD Trading Platforms | Plus500 offers CFDs on Uniswap on its user friendly platform About |
| IC Markets | $200 Minimum Deposit | MT4, MT5 UNI CFD Trading Platforms | IC Markets provides 24/7 trading of UNI CFDs on MT4 and MT5 About |
| Titan FX | $200 Minimum Deposit | MT4, MT5 UNI CFD Trading Platforms | Titan FX allows UNI CFD trading on MT4 as well as MT5, with leverage up to 100:1 About |
Uniswap Crypto CFD Trading - What is Uniswap and UNI
The blockchain was initially used to provide peer-to-peer digital payments (for example Bitcoin), and this is still a major use case, however it has expanded its range of functions. One such expansion is the use of the blockchain to provide decentralised peer-to-peer financial applications, of which Uniswap is an example.
Decentralised finance is termed DeFi and differs from traditional approaches in that it is decentralised and automated, without centralised control. This means that these applications can operate in an automated fashion, with no trusted intermediaries required.
Some DeFi platforms do have a more centralised structure on top of the decentralised automated processes. However some do not and Uniswap is an example of a native decentralised application, operating as a decentralised market maker, with no central order book, in essence a smart contract running on Ethereum.
Uniswap is a protocol to allow the swapping (trading) of ERC-20 tokens and to provide liquidity. ERC-20 is a protocol to allow the creation and swapping of tokens running on the Ethereum mainnet (swapping a token for another token results in gas fees to be paid in Ether, these fees can vary quite widely, depending on a demand on the Ethereum network).
Token pairs are placed into liquidity pools. The pools can execute strategies defined for the pool, for example to earn returns in terms of the generation of tokens (called liquidity mining).
The ERC-20 token for Uniswap is called UNI. UNI is the governance token for Uniswap (holders can vote on proposals) and helps provide liquidity for the pools. 1 billion UNI were minted (created) at the genesis in 2020 and are being distributed over 4 years. After this, there is a 2% inflation (increase) per year built in.
CFD brokers provide contracts based on changes in value of the underlying crypto asset. The trader does not own any crypto asset (including UNI) when trading CFDs, rather exchanges contracts with their CFD provider (the broker). CFDs allow leverage, however cryptos are extremely volatile and increasing leverage increases risk.
As cryptos are traded 24/7 on exchanges some brokers may also offer 24/7 CFD trading, with normally a short break for maintenance. The trader may trade UNI CFDs on platforms provided by the broker, for example MetaTrader 4 or its successor MetaTrader 5. MetaTrader provide a wide range of trading tools and also supports automated trading via Expert Advisors (EAs).
