Brokers offer so-called Contracts of Difference (CFDs). CFDs are highly speculative derivatives that are only suitable for well-informed investors.
Functionality: With a CFD Broker you do not receive real Bitcoins, you receive a certificate (CFD) from the CFD Broker. Buyer and seller agree to exchange an underlying asset (here Bitcoin). If the buyer acquires a “long” CFD, he or she receives a Bitcoin CFD at that time, and the provider receives a security in cash. At the end of the term (or sale time) of the Bitcoin CFD, the buyer “sells” the CFD back to the provider. The purchase price is now deducted from the selling price. The buyer makes a profit if the price has risen during the period. If the buyer purchases a “short” CFD, the buyer makes a profit if the CFD price falls between the time of purchase and sale.
Obligation to make additional contributions: Individual providers may be obliged to make additional contributions. Therefore, please check with your CFD broker to be on the safe side.
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5/5 | Our first choice for crypto broker | ||
Trading leveraged products such as CFDs carries a significant risk of loss and may not be suitable for all investors. 76.4% of individual investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. | |||
4.5/5 | Award winning trading platform | ||
Trading leveraged products such as CFDs carries a significant risk of loss and may not be suitable for all investors. 67% of individual investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. | |||
4/5 | Broker since 1997 and 2.2M customers | ||
Trading leveraged products such as CFDs carries a significant risk of loss and may not be suitable for all investors. 83% of individual investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. |
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