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Bitcoin trading

Trade with IG and receive up to $10001.
1Refer to our T&Cs and promotion mechanics for full details.

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2Cryptocurrencies are not legal tender currency and the trading of derivatives on Cryptocurrencies are currently not covered under any regulatory regime in Singapore.

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Prices are delayed 15 mins. Log in or create an account to see real-time prices. Prices above are subject to our website terms and conditions.

Find a bitcoin market to trade

Use our market finder tool to find news, videos, analysis and data on the bitcoin markets you want to trade.
 

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Why trade bitcoin with IG?

  • Go short as well as long

    Take a position even when you expect bitcoin to fall in value, not just when you expect it to rise

  • Leader in product innovation

    First licensed^ broker in Singapore to offer CFDs on bitcoin

  • No exchange account required

    Get started straight away, without the hassle of an exchange account

  • Trade on leverage

    Gain exposure to bitcoin without tying up lots of capital

How leveraged bitcoin CFD 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 CFD 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 CFDs. You can use both to open short positions as well as long: so if bitcoin’s price drops, your position increases in value. Our spreads start at just 10 points, and you don’t have to trade bitcoin against USD, with GBP and EUR also available. Bitcoin can be traded on all our trading platforms, including MT4.

Forex pair example

You're interested in trading a Bitcoin (USD) CFD. Our price is currently 2400/2410.

You believe the bitcoin price will fall against the dollar, so you sell 1 contract at 2400 (equivalent to selling 100 bitcoins at $240).

The bitcoin price falls and our new price is 2350/2360. You decide to take your profit by buying at 2360

$2400 – $2360 = $40 move or 40 points

Your gross profit is 40 points x $100 = $4000.

If the market had rallied 50 points instead, your gross loss would be $5000.

Open an account now

It's free to open an account, takes less than five minutes, and there's no obligation to fund or trade.

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FAQs

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 markets are available from 8am on Sunday morning through to 10pm on Friday night (London time) (market holidays permitting).

Where are the bitcoin markets on the trading platform?

On the classic platform, go to ‘forex’ in the finder and select ‘virtual FX’. 

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. 

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. 

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2Important Notice:

Cryptocurrencies are not legal tender currency and the trading of derivatives on Cryptocurrencies are currently not covered under any regulatory regime in Singapore. Consequently, investors should be aware they may not have the full protection offered by the Securities and Futures Act (Cap. 289). Please ensure that you are fully aware of the risks and if in doubt consult an independent financial adviser. For more information on Cryptocurrencies, please refer to the following website for more information: MoneySense - Virtual Currencies.

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All forms of investments carry risks. Such investments may not be suitable for everyone and can result in losses that exceed deposits, so please ensure that you fully understand the risks and costs involved by reading the Risk Disclosure Statement. 

IG Asia Pte Ltd (Co. Reg. No. 200510021K) holds a capital markets services licence from the Monetary Authority of Singapore for dealing in securities and leveraged foreign exchange trading and is an exempt financial adviser. It is also licensed by International Enterprise Singapore to trade CFDs on commodities. 

The information on this site is not directed at residents of the United States or Belgium and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

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