Cryptocurrency trading

Trade eight cryptocurrencies, including bitcoin, ether, ripple and litecoin without ownership of the underlying.

On 26th June 2020 (10pm UK time), the minimum margin on all CFDs on Cryptocurrencies trades will increase to a minimum floor of 50% on existing and new positions. This will also remove any margin reductions that you might have while using Guaranteed and Non Guaranteed Stops. This margin change is a regulatory requirement and applies to all MAS regulated brokers in Singapore.

The margin rate that we will be referencing is pegged to a variable margin rate on the similar underlying futures offered by an Approved Exchange (ICE Futures Singapore Pte Ltd) in Singapore. Hence, please note that margins will be updated on the 1st business day of each month and also on an ad hoc basis depending on the volatility of the market for existing and new positions. It is important that you keep your account sufficiently funded to avoid a margin call close out.

Find out more here.

Call +65 63905133 or email accountopening@ig.com.sg to talk about opening a trading account. We’re here 24 hours a day, from Monday to Friday.

Contact us: +65 6390 5133

Important Notice:

Cryptocurrencies are not regulated by the Monetary Authority of Singapore (MAS) as they are not legal tender or securities. Investors should be aware that they do not have any legislative protection when they deal with cryptocurrencies and related investment products. If you choose to invest in unregulated products, you will not be protected under MAS regulations. Please ensure that you are fully aware of the risks involving cryptocurrencies and if in doubt, you should consult an independent financial adviser under a separate engagement. To find out more information about cryptocurrencies and risks, you can go to the MoneySense website here.

Why trade cryptocurrencies with IG?

Trade rising and falling prices on leverage to make the most of volatility2

Improved liquidity means there’s more chance of executing your trade at your chosen price

Preserve your capital with guaranteed stops3

Safely and easily deposit funds. We’re a regulated FTSE 250 company

Trade on 8 major cryptocurrencies and crosses

Practise trading forex on a demo account, in an environment with reduced risk

Cryptocurrencies you can trade with IG

Bitcoin cash

Stellar (XLM)

NEO

EOS

Live prices on our most popular markets

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Prices above are subject to our website terms and conditions. Prices are indicative only.

Ways to trade cryptocurrencies with IG

CFD
Accessible to All clients
Traded in Contracts
Commission Commission-free (just pay our spread)
Platforms Web, mobile app and advanced platforms
Demo account Yes
Learn more

What is cryptocurrency trading?

Cryptocurrency trading involves speculating on whether a cryptocurrency’s price will go up or down – without having to own of any underlying coins.

What are the benefits & risk of cryptocurrency trading?

Magnify your exposure with leverage and go long or short on the price – all without the expense of an exchange account. Also be aware of the risks involved due to high volatility, regulatory and other unforseen factors.

How do I trade cryptocurrencies?

  1. Open a trading account
  2. Find an opportunity
  3. Take a position
  4. Monitor your trade

Open a cryptocurrency trading account today

Fill in the form

We’ll ask a few questions about your trading knowledge to ensure you get the best experience.

Instant Activation for Singaporean citizen or PR

Or send in your documents and we'll validate your ID and address

Fund your account and trade

You can withdraw your funds easily, whenever you like.

Open an account now

Fast execution on a huge range of markets

Enjoy flexible access to more than 17,000 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 of experience, we’re proud to offer a truly market-leading service

Start trading now

Log in to your account now to access today's opportunity in a huge range of markets.

How much will I have to pay?

Margins

CFD trading are forms of leveraged trading, meaning you can win, or lose, a significant amount more than you deposit initially. Though not actually a cost to you, the margin you pay makes a big difference to the affordability of your trade.

Spreads

Your key payment for trading cryptocurrencies is the spread – the difference between the buy and the sell price – which is essentially our commission for executing your trade. We work to keep our spreads among the lowest in the business.

Market Minimum Retail margin Leverage equivalent
Bitcoin 50% 1:2
Ether 50% 1:2
Ripple 50% 1:2
Bitcoin Cash 50% 1:2
Litecoin 50% 1:2
EOS 50% 1:2
Stellar 50% 1:2
NEO 50% 1:2

Market CFDs MT4
Bitcoin 36 36
Ether 1.2 1.2
Ripple 0.36 0.36
Bitcoin Cash 2 2
Litecoin 0.4 0.4
EOS 4 4
Stellar 0.2 0.2
NEO 0.2 0.2

Opening a CFD account with IG is free and simple, gives you access to 8 cryptocurrency markets, and carries no obligation to fund or trade.

When you’re ready to open a position, you can add stops and limits to manage your risk. As a new trader you’ll also get lower minimum deal sizes for one month.

What platforms can I use to trade CFDs on cryptocurrencies with IG?

Discover a fast and clear way to trade cryptocurrencies via your web browser.

Use custom algorithms to execute trades automatically, even when your machine is off.

Choose the best price with direct market access for your cryptocurrency CFD trades.

Trade wherever you are with apps for iOS and Android devices.

Choose the world’s No.1 CFD provider1

With more than 40 years in trading and over 239,000 clients around the globe, we’re the world’s No.1 CFD provider.1 Why trade cryptocurrencies with anyone else?

You might be interested in…

Go long or short on bitcoin to make the most of volatility.

Open a position on litecoin via your CFD account.

Take advantage of ripple (XRP) price movements.

1 Based on revenue excluding FX (published financial statements, June 2020).
2 While leverage magnifies profits, it will also magnify losses.
3 Guaranteed stops incur a small premium if triggered.

IGA, may distribute information/research produced by its respective foreign affiliates within the IG Group of companies pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, IGA accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore recipients should contact IGA at 6390 5118 for matters arising from, or in connection with the information distributed.

The information/research herein is prepared by IG Asia Pte Ltd (IGA) and its foreign affiliated companies (collectively known as the IG Group) and is intended for general circulation only. It does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.

Please see important Research Disclaimer.