Bitcoin trading

Deal on bitcoin price movement with the world’s No.1 CFD provider.1

Contact us on +971 (0) 4 5592108 or sales.ae@ig.com about opening an account. Our customer service team is available 24 hrs a day, except for Saturday from 02:00am to 12:00pm (Dubai time).

Contact us: +971 (0) 4 5592108

Benefits of trading bitcoin

Go short as well as long

Take a position on bitcoin whether you expect it to rise or fall in value

No exchange account

We source our prices from multiple exchanges on your behalf

Utilise leverage

Deal bitcoin CFDs without investing huge amounts of capital

Access more volatility

Take advantage of opportunities in bitcoin when other markets are flat

Remember, when trading bitcoin, you aren't taking ownership. Find out more about how leveraged bitcoin trading works.

Why trade bitcoin with IG?

Choose a FTSE 250-listed, established provider, and benefit from 45 years’ trading expertise

Preserve your capital with guaranteed stops

Open a free account quickly and easily – you could be set up and trading bitcoin today

Get friendly, expert support 24 hours a day except for Saturday from 2:00am to 12:00pm (Dubai time).

Live bitcoin prices

Sell
Buy
Change

How leveraged bitcoin trading works

Bitcoin is usually quoted against the US dollar — so when you buy bitcoin on an exchange, you are selling USD and buying bitcoin. If bitcoin’s price rises, then you can sell it for a profit, because bitcoin is worth more USD than when you bought it. If bitcoin’s price falls, then you make a loss.

When you buy bitcoin with IG, you’re doing the same thing. But instead of taking ownership of bitcoin, you’re opening a position that will increase in value as bitcoin’s price increases against the dollar. If bitcoin’s price falls, then your position will lose value.

We offer leveraged bitcoin trading via CFDs. You can use CFDs to open short positions as well as long: so if bitcoin's price drops, your position increases in value. Our spreads start at just 38 points. Bitcoin can be traded on all our trading platforms, including MT4.

Bitcoin CFD example

You're interested in trading bitcoin (USD) via a CFD. Our price is currently 10,400 to sell bitcoin, or 10,438 to buy it.

You believe that bitcoin’s price will fall against the dollar, so you sell five contracts at 10,400 (the equivalent to selling five bitcoins at $10,400).

The bitcoin price falls and our new price is 10,312/10,350. You decide to take your profit by buying at 10,350.

$10,400 - $10,350 = $50 move or 50 points

Your gross profit is $50 x 5 = $250

If the market had rallied 50 points instead, your gross loss would be $250.2

Open an account now

Fast execution on a huge range of markets

Enjoy flexible access to more than 16,000 global markets, with reliable execution

Deal seamlessly, wherever you are

Trade on the move with our natively designed, award-winning trading app

Feel secure with a trusted provider

With 45 years of experience, we’re proud to offer a truly market-leading service

FAQs

What is bitcoin?

Back in 2009, an anonymous person or group known as Satoshi Nakamoto created a decentralised digital currency known as bitcoin.

Do I need a bitcoin wallet to trade bitcoin markets with IG?

No. With IG you are simply speculating on the price movement of bitcoin ($). You never need to actually own any.

Can I short bitcoin with IG?

Yes. With our FX pairs you never hold bitcoin in the real sense, so you can take a short view to open on bitcoins.

Do you offer advanced order types?

Yes. You can open your position at the current price, or select your preferred entry point. We also offer a range of stops and limits, including trailing stops that lock in profits and guaranteed stops that can’t suffer slippage.

How are IG's bitcoin settlements derived?

IG’s bitcoin settlement is based on a combination of real time prices provided directly by some of the world’s most liquid bitcoin exchanges.

When are your bitcoin markets available?

Bitcoin (USD) opens at 4am on Saturday, and is available to trade until 10pm on Friday.

(London time) (market holidays permitting).

What is bitcoin cash?

Bitcoin cash is a new cryptocurrency. Launched in August 2017 as a result of a split in the bitcoin transaction ledger (known as the blockchain), it operates under a different set of rules to bitcoin, and with a different blockchain altogether.

Learn more about the differences between bitcoin and bitcoin cash.

How did bitcoin cash come about?

Bitcoin’s skyrocketing popularity was causing difficulties for the bitcoin mining community, which struggled to keep up with the capacity of transactions. Traders were having to wait an increasingly long time for their transactions to go through, and expected to pay additional fees if they wanted things to move quicker.

Cue disagreement within the community about how exactly to solve the scalability problem. Many miners felt that existing restrictions imposed by the software needed to be revised, while others felt this would disincentivise miners and devalue the cryptocurrency. This ultimately led to a split, or ‘hard fork’, in the blockchain.

Bitcoin forks aren’t uncommon, but there is usually a consensus on which version of the blockchain to discard. On this occasion, however, neither was discarded. This resulted in two tokens: the original bitcoin, and the new bitcoin cash.

This enabled bitcoin cash miners to apply new rules to their mining software and expand the currency’s transaction capacity, among other changes. As such, despite a shared transaction history, the two currencies are now entirely incompatible with one another.

Can I trade bitcoin on the MetaTrader 4 platform?

Yes, you can use the MetraTrader 4 (MT4) platform to trade bitcoin against the US dollar. With MT4, you’ll gain access to low latency execution, as well as a number of free apps, indicators and tools.

You might be interested in…

Meet the world's No.1 CFD provider1

Get to grips with the basics of how to trade bitcoin with our step-by-step guide

Compare cryptocurrencies against each other and start trading with IG

1 Based on revenue excluding FX (published half yearly financial statements, June 2019).
2 Excludes any daily funding charges.

All trading involves risk and losses can exceed deposits. Trading CFDs may not be suitable for everyone so please ensure that you fully understand the risks involved. All trading involves risk and losses can exceed deposits.