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Cryptocurrencies trading

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

Important 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.

Why trade cryptocurrencies with IG?

  • Go short as well as long

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

  • No exchange account needed

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

  • Trade on leverage

    Gain exposure to major cryptocurrency pairs without tying up lots of capital

Bitcoin

Speculate on which way bitcoin’s price will go, instead of purchasing the cryptocurrency.

Bitcoin trading

Ethereum

Take a position on ethereum without the need for a wallet or specialist technology.

Ethereum trading

What are cryptocurrencies?

Cryptocurrencies are virtual currencies which operate independently of banks and governments, but can still be exchanged – or speculated on – just like any physical currency. 

While there’s a huge number of cryptocurrencies available, we offer CFD trading on the two most popular: bitcoin and ethereum.

Live cryptocurrency prices

Markets Bid Offer Updated Change
Bitcoin (USD)
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Bitcoin (EUR)
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Ether (USD)
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Prices above are subject to our website terms and conditions. Prices are indicative only.

How can I trade CFDs on cryptocurrencies?

There are two ways to deal cryptocurrencies: buy them in the hope of selling them on at a profit, or speculate on their value without owning them via CFD trading. 

To trade CFDs on cryptocurrencies, you’ll need to:

  1. Create an account  
    As a CFD trader, you won’t need an account with a cryptocurrency exchange, or a wallet to store your tokens. Just an account with a leverage provider.
  2. Do your research
    Cryptocurrencies may be free from many of the factors that influence traditional currencies, but you need to make sure you know your market. 
  3. Apply your strategy
    Settling on a trading strategy depends on your goals and preferences, and deciding which is right for you is key to your long and short-term success.
  4. Place a trade
    Enter your position size, define your close conditions and click ‘buy’ if you think the cryptocurrency will rise in value, or ‘sell’ if you think it will fall. 
  5. Close your position
    Once you’ve reached your target – or decided it’s time to cut your losses – you’ll close out your position by reversing your original action: so if you bought, you sell, and vice versa. 

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.

Bitcoin vs ethereum

Bitcoin

  • Exclusively used as a currency
  • Initially released in 2009
  • 16.5 million bitcoins in circulation (or ‘mined’)
  • Market cap of around $40bn2
  • There is a finite supply of 21 million available (it is ‘deflational’)

Ethereum

  • Just one example of a wider network of applications
  • Initially released in 2015
  • 93 million ether units in circulation
  • Market cap of around $20 billion2
  • There is an unlimited supply available (it is ‘inflational’)

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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2 As at July 2017.

Contact us

Our office is open 5 days a week Monday to Friday from 9am to 6pm. Support line is available 24hrs a day Monday to Friday.

+65 6390 5118

You can also email us helpdesk@ig.com.sg

Visit our storefront office at 9 Battery Road