ETX Capital, one of the leading spread betting, CFD and forex brokers has added a few more digital currencies to it’s crypto trading arsenal.
Please note that since this article was written the FCA has banned retail traders from trading cryptocurrency derivatives. If you would like to speculate on Bitcoin and cryptocurrencies you need to use a cryptocurrency exchange or professional trading account.
If you’ve not traded cryptocurrencies before you can download a free introduction to trading cryptocurrencies to learn more about the asset class and about each of the cryptos tradable through ETX Capital.
In brief trading cryptos with ETX means:
- NO EXCHANGE ACCOUNTS – No wallets or exchange accounts are required; simply log in and start trading today
- GO LONG or SHORT – Take a position at any time whether you think prices will rise or fall
- REGULATED – With our cryptocurrency spread bet and CFD products you can trade in a fully FCA-regulated environment.
- TAX FREE† – Spread betting on cryptos is free from Capital Gains Tax and Stamp Duty in the UK
How does the new Cryptocurrency markets work with ETX Capital?
ETX Capital offers two contracts on the new markets – Daily and Weekly. Both have fixed expiries which means that all open trades at the time of expiry will be closed, with no rollovers. Open and expiry times for each market are:
Daily – available Sunday from 22:00 to Friday at 21:55 and expire each day at 22:00, except Friday when they expire at 21:55 (times are BST)
Weekly – available Sunday from 22:00 and expire every Friday night at 21.55 (times are BST)