Trade Cryptocurrency Volatility

Trade Cryptocurrency volatility without owning Cryptocurrency.

City Index offers the lowest costs on your CFD Cryptocurrency trading.*


Lowest costs on your Cryptocurrency trading

We're proud to offer the lowest costs on your Cryptocurrency trading*, with market-leading pricing on Bitcoin, Ethereum, Litecoin and Ripple.

Assuming Bitcoin is priced at $10,500 CityIndex logo IG CMC Plus500
Spread 35 40 48 55
Financing Long Short Long Short Long Short Long Short
Daily Cost 0.0411% -0.0137% 0.0548% -0.0137% 0.0685% -0.0137% 0.0503% 0.0000%
Overnight funding $4.32 -$1.44 $5.75 -$1.44 $7.19 -$1.44 $5.28 -
Total daily cost for one trade $39.32 $33.56 $45.75 $38.56 $44.19 $35.56 $60.28 $55.00
Total cost of trade held for one year $1,610.16 -$490.05 $2,140.21 -$485.05 $2,662.26 -$488.05 $2,587.75 $660.00

*Table is for comparative purposes only and features representative spreads from Singapore competitors on their websites and platforms, and is correct to the best of our knowledge, as of 25/07/2019 11.45am BST. Trading costs are based on a Bitcoin ($) price of 10,500 and a 1 CFD trade, representing a total notional volume of $10,500. Plus 500 costs include the cost of reopening trades due to forced expiration dates. Positive numbers imply charges to client accounts; negative numbers imply credit received by clients.

Trade Cryptocurrencies with City Index

Why trade Cryptocurrencies as a CFD?

Take a fresh look at trading Cryptocurrencies as a CFD. You can go long or short and take advantage of the most competitive costs for Cryptocurrency trading.* You can also lock in profits and cap losses, managing risks with price alerts and stop losses. No more need for exchanges or wallets as you don’t own the underlying Cryptocurrencies.

Find out more about trading Cryptocurrencies

Trading vs. Owning Cryptocurrency

CFDs Owning Cryptocurrency
Ability to go long - buy and take advantage of rising prices
Ability to go short* - sell and take advantage of falling prices
Trade on margin
Trade on volatility - no need to own the asset or have an exchange account
No exchange fees or complicated digital wallets
Lock in profits and cap losses with risk management tools

*Shorting only available on BTC and ETH

Build your Cryptocurrency trading confidence

What is Crypto trading?

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Training

Bitcoin strategy

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Ethereum trading

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All about Crypto trading

faqs

Test out trading Cryptocurrency CFDs with a demo account

  • Unlimited access to our trading platforms for 12 weeks
  • SGD 20,000 virtual cash to trade with
  • Real time pricing on thousands of markets, including Shares, Indices and Bitcoin
  • Access to all of the features and tools on the platform

What is the City Index policy on Cryptocurrencies forking?

In the event that the current cryptocurrency splits into two, new cryptocurrencies are created, this is known as a hard fork. We will generally follow the cryptocurrency that has the majority consensus of cryptocurrency users and will therefore use this as the basis for our prices. In addition we will also consider the approach adopted by the exchanges we deal with, which will help determine the action we take.

We reserve the right to determine which cryptocurrency unit has the majority consensus behind them.

As the hard fork results in a second cryptocurrency, we reserve the right to create an equivalent position on client accounts to reflect this. However, this action is taken at our absolute discretion, and we have no obligation to do so.

If the second cryptocurrency is tradeable on major exchanges, which may or may not include the exchanges we deal with, we may choose to represent that value, but have no obligation to do so. We may do this by making the product available to close based on the valuation, or by booking a cash adjustment on client accounts.

If, within a reasonable timeframe, the second cryptocurrency does not become tradeable, then we may void positions that had previously been created at no value on client accounts.

Over periods of substantial price volatility around fork events, and we may take any action as we consider necessary in accordance with our terms and conditions including suspending trading throughout if we deem not to have reliable prices from the underlying market.

Important Notice:

Cryptocurrencies are not legal tender currency and trading of derivatives on Cryptocurrencies are currently not covered under any regulatory regime in Singapore. Consequently, investors should be aware they do not have protection under the Securities and Futures Act (Cap. 289). Please ensure that you are fully aware of the risks.