Trade some of the most common cryptocurrencies without a cryptocurrency wallet
Opportunity to trade both upward and downward market movements: open a long position if you believe the price of the respective cryptocurrency will rise, or a short one, if you believe it will fall
Mini Cryptocurrency CFDs offered at about 10% of the standard CFD price
DeltaStock is a company with close to 20 years of experience on the financial markets, licensed by the FSC in Bulgaria and regulated in the EU under MiFID
Your assets are protected by the Investor Compensation Fund
Ability to trade 24/5
Frequently Asked Questions
1. What is a cryptocurrency?
You may come across a thousand definitions but, generally speaking, cryptocurrencies are a decentralised means of making payments. It is decentralised because they are not emitted or governed by a single country – rather, they are supported by thousands of ‘mining’ servers around the world. The job of those servers is to build the cryptocurrencies’ structure by processing the records of ongoing transactions.
The value of cryptocurrencies is constantly increasing or decreasing – and their volatility makes them attractive trading instruments.
2. What are the risks associated with cryptocurrencies?
Cryptocurrency CFDs are extremely high-risk, speculative financial instruments. The risks involve:
- Price volatility: The value of cryptocurrencies (and hence their respective CFDs) is extremely volatile. They are vulnerable to sharp price changes due to unexpected events or changes in market sentiment.
- Leverage: Leverage can increase both your losses and profits, and can place you at risk of losing more than your initial investment.
- Costs: Costs tend to be higher than for our other CFD markets. These include the spread (the difference between the prices at which we offer to buy or sell a CFD position) and interest on margin.
- Price transparency: When compared with regulated currencies, cryptocurrencies (and their respective CFDs) can experience more significant variations in the pricing.
3. Do I need a cryptocurrency wallet in order to trade cryptocurrencies?
No, with DeltaStock you trade CFDs (Contracts for Difference) on cryptocurrencies, so the result is formed from their price changes. You do not own actual units of cryptocurrency.
4. Why exactly these cryptocurrencies?
With hundreds of cryptocurrencies currently available on an ever-growing market, it was a challenge to choose which of them to include in our CFD offering. So besides the obvious leaders, Bitcoin and Ether, we chose six additional digital currencies, applying criteria such as popularity among traders, market capitalisation and, last but not least, potential for diverse real-world applications.
5. Can I go short on cryptocurrencies?
Yes, you can. With DeltaStock you can short cryptocurrencies (i.e. take short positions) and thus benefit from their falling prices.
6. Can I use Stops and Limits?
Yes, you can. Stop and Limit orders can help you manage your risk better and also partially automate your trades, without you having to be online 24/7. DeltaStock’s platform also offers other order types that will be appreciated by more experienced traders.
7. What are your trading conditions on cryptocurrencies?
We offer cryptocurrency trading with no commissions and competitive target spreads. In the full list of our cryptocurrency CFDs you can check their trading hours, individual margin levels and allowed position sizes.
8. Example cryptocurrency CFD trade
You believe that the price of ether USD will rise and want to benefit from that movement by buying 10 CFDs on Ether USD. Let us assume that the current price of 1 CFD is $400.
The margin on Ether USD is 50% - which means that you have to pay half (50%) of the trade value of $4000 (10 CFDs x $400), i.e. $2,000: 50% x $4,000 = $2,000.
Let’s say you turn out to be right and the price of Ether USD rises by $10 to $410. In such a case, by closing your position you will realise a profit of $100 (10 х $10).
If, instead of rising, the price of Ether USD falls by $10, you will suffer a loss of $100 (10 x $10).
Note: Any quotes of financial instruments displayed in the example above are indicative only and may not reflect the current market situation.