Ethereum trading

Ethereum CFDs

Trade contracts on the price movement of ether, with your profit or loss depending on how far the market moves.

CFD product details

What is ethereum?

Ethereum is a digital platform on which a whole range of applications can be built, including identity software, security programs and, of course, methods of payment.

So while the cryptocurrency itself is often referred to as ‘ethereum’, its more accurate name is ‘ether’.

Just like a traditional currency, you can own, exchange or speculate on ether. As it’s virtual, however, the currency operates outside of a central authority, such as a bank or a government. 

How can I trade CFDs on ethereum?

To trade ethereum’s token, ether, you generally need access to an exchange, along with a virtual wallet which can take several days to acquire. But when you trade CFDs on ether you never actually own the cryptocurrency. This means all you need is an IG trading account, which takes minutes to set up. 

On our trading platform, you’ll always see ether quoted against another currency, such as the dollar. Rather than taking actual ownership when you open a position, you’re instead speculating on the cryptocurrency’s rise or fall in value against the other currency. If you’re correct, you’ll make a profit; if not, you’ll make a loss.

Keep in mind that as CFDs are leveraged products, you’ll only ever need to put down a small deposit to gain exposure to the full value of the trade. This means your capital goes further, but you also stand to lose more than your initial outlay.

You can use CFDs to open long and short positions, with spreads starting from just 2 points. Ethereum can be traded on all our platforms, including MT4.