What are Cryptocurrency CFDs?
Cryptocurrencies are digital assets that use cryptographical functions to conduct financial transactions. Most cryptocurrencies leverage blockchain technology to gain decentralization, transparency, and immutability. Cryptocurrencies are growing at an accelerated rate, as the blockchain network unlocks new possibilities daily. Enter the Crypto trading area with Scope Markets SA (PTY) and start trading CFDs with some of the biggest names: Bitcoin, Ethereum, Litecoin, Monero, Ripple.
How to Trade CFDs on Cryptocurrencies:
The price of cryptocurrencies is greatly determined by their adoption rate. Given the mostly decentralized nature of the market, they tend to remain unaffected by economic and political factors that usually influence traditional currencies. By trading CFDs on Cryptocurrencies, a trader speculates on their price movement without taking ownership of the underlying asset. Cryptocurrencies are an extremely volatile asset class due to massive amounts of short-term speculative interest, therefore, defining and controlling risk is essential.
Major cryptocurrencies on MT5
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Variable Spreads*
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Cryptocurrency CFDs Trading Conditions
| Symbols | Description | Digits | Point | Contract Size | Volume Min | Volume Max | Volume Step | Margin Req. |
|---|---|---|---|---|---|---|---|---|
| BCHUSD | Bitcoin Cash | 2 | 0.01 | 100 | 0.01 | 20 | 0.01 | 1:4 |
| BTCUSD | Bitcoin | 2 | 0.01 | 1 | 0.01 | 20 | 0.01 | 1:10 |
| DASHUSD | Dash | 2 | 0.01 | 100 | 0.01 | 20 | 0.01 | 1:4 |
| DOTUSD | Polkadot | 3 | 0.001 | 1000 | 0.01 | 20 | 0.01 | 1:4 |
| EOSUSD | Eos | 4 | 0.0001 | 10000 | 0.01 | 20 | 0.01 | 1:4 |
| ETHUSD | Ethereum | 2 | 0.01 | 10 | 0.01 | 20 | 0.01 | 1:4 |
| LTCUSD | Litecoin | 2 | 0.01 | 100 | 0.01 | 50 | 0.01 | 1:4 |
| XLMUSD | Stellar | 5 | 0.00001 | 100000 | 0.01 | 20 | 0.01 | 1:4 |
| XMRUSD | Monero | 2 | 0.01 | 100 | 0.01 | 20 | 0.01 | 1:4 |
| XRPUSD | Ripple | 5 | 0.00001 | 10000 | 0.01 | 20 | 0.01 | 1:4 |
Please note that leverage differs by instrument. Kindly see the attached file for more information.
Spreads/swaps are in USD. If your account with Scope Markets is denominated in another currency, spreads/swaps will be shown in your respective currency of choice.
Spreads/swaps are indicative. For accurate, live spreads/swaps please refer to Scope Markets MetaTrader platform.
*** Cryptocurrency CFDs are complex, extremely risky and usually highly speculative. Trading in Cryptocurrency CFDs involves a high risk of loss of funds over a short period of time due to high market volatility, execution issues and industry-specific disruptive events, including, but not limited to, discontinuation, regulatory bans and other malicious factors within cryptocurrency ecosystems.
Trading Hours
| Symbol | Market Hours * | Break Sessions * | |
|---|---|---|---|
| All Cryptos | 17:06 (Sunday) to 16:58 (Friday) |
* Trading Hours GMT-4
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