How do cryptocurrency CFDs work?
When you trade Cryptocurrency CFDs you speculate on price movements without owning the underlying coin. Cryptocurrency CFD trading allows you to utilize leverage meaning that a small amount of capital (known as margin) can give you access to a higher value trade. Using leverage can both maximize your profits and your losses.
Is trading cryptocurrency CFDs safe?
Trading cryptocurrency CFDs is not any different from trading CFDs on any other financial products such as Forex, Gold, or Stock Indices. At the same time, it's important to understand that some financial products are more volatile than others. All trading involves risk and you should have the right strategy to manage risks. You can use the risk management tools in our trading platforms to protect your account.
Do I need a digital wallet to trade cryptocurrencies with FlowBank?
Trading cryptocurrency CFDs with FlowBank does not require a digital wallet because you do not own the underlying coin. By avoiding the use of a digital wallet you are potentially avoiding hacks that are associated with crypto exchanges.
What fees does FlowBank charge for trading crypto?
FlowBank does not charge any fees on cryptocurrency CFDs asides from the spreads. You can consult all our fees on our pricing list here.