Trade on bitcoin volatility with our range of FX pairs. No wallet needed and no GST.1
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Get exposure to the bitcoin price without the worries of managing a bitcoin wallet
Buying bitcoins directly involves a 10% GST charge, while trading bitcoin CFDs does not1
You can short-sell bitcoin CFDs and potentially profit from a falling price
There's no minimum balance to open an account and you can fund it using your credit or debit card
We're an FCA- and ASIC-regulated, FTSE 250 company with over 40 years' trading experience
Automate your trading with our new web-based trading APIs
Full bitcoin CFD contract details, including FX pairs and bitcoin ($).
Bitcoin contracts for difference (CFDs) give you exposure to the bitcoin price without having to actually purchase the underlying asset. This gives you additional confidence because you don’t hold any actual bitcoins, meaning you don’t need to use a wallet to store them.
Our bitcoin CFDs are available as a mini contract or a standard contract. Purchasing one mini contract is the equivalent of purchasing 10 bitcoins, while a standard contract is the equivalent of purchasing 100 bitcoins.
CFDs are leveraged, meaning you only need to put up a fraction of the total value of your position. For bitcoin we require 7.5% of the total value of your position as a deposit. In addition to this, you must also have enough in your account to cover any running loses.
With CFDs you can profit from both a rising and a falling bitcoin price. If you buy bitcoin CFDs and the price goes up, you make money. If it goes down, you lose money. Likewise, if you short-sell bitcoin and the price goes down, you make money. If the price goes up, you lose money.
By opening an account with IG, you’re putting your trust in an organisation that’s been bringing trading to life since 1974. In that time, we have grown to become the leader in our field, consistently providing transparency in trading, innovative technology and superior levels of service. We have a market capitalisation of over $4 billion,2 offices in 16 countries and over 152,600 active clients worldwide.3
You can speculate on bitcoin as a CFD or as a forex pair.
569.5 / 573.5
Buy at 573.5
1 standard contract
Equals US$100 per point (or 100 bitcoins worth)
Margin = Number of contracts x value of one contract x current level (mid price) x margin rate (7.5%)
1 x US$100 x 571.5 x 7.5% = US$4,286.25
|What happens next?||
Bitcoin ($) climbs US$10 overnight (at 10pm London time). It then climbs another US$5 the next day.
Funding = Size of position x funding charge %
581.5 x US$100 x 0.0278% = US$16.15
584.5 / 588.5
Sell at 584.5
584.5 - 573.5 = 11 points
Each contract is worth US$100 per point (so US$100 x 11 points)
Gross profit = US$1,100
4 point IG spread (included above)
Funding adjustment = US$16.15
What if the market dropped US$15 instead (with a spread of 4 points):
US$1,900 + US$16.15
Net loss = US$1,916.15
You're interested in trading a spot FX XBT/USD CFD. Our price is currently 35000 / 35400.
You believe the bitcoin price will fall against the dollar, so you sell 1 contract at 35000 (equivalent to selling 100 bitcoins at $350).
The bitcoin price falls and our new price is 33600 / 34000. You decide to take your profit by buying at 34000.
35000 - 34000 = 1000 pips
Your gross profit is 1000 x $1 = $1000.
If the market had rallied 500 points instead, your gross loss would be $500.
Do I need a bitcoin wallet to trade bitcoin markets with IG?
No. With IG you are simply speculating on the price movement of bitcoin ($). You never need to actually own any.
Can I take a short view to open on the price of bitcoins ($) with the markets that IG offers?
Yes. With our FX pairs you never hold bitcoins in the real sense, so you can take a short view to open on bitcoins.
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 markets are available from 5pm on Sunday evening through to 7am on Saturday morning AEST (market holidays permitting).
Where are the bitcoin markets on the trading platform?
The bitcoin FX pairs are under "Forex" > "Virtual FX".
Watch Sara explain the basics of bitcoin
trading in a little over two minutes
1 Please refer to our PDS
2 IG globally, year ending May 2014
3 IG globally, year ending 31 May 2015
4 World's largest retail CFD provider by revenue (excluding FX). Source: Published financial statements, as at October 2016.