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 negative balance protection3 and guaranteed stops4
Safely and easily deposit funds. We’re a regulated FTSE 250 company
Speculate on 10 major cryptocurrencies and crosses
Tax-free profits when you trade with a spread betting account5
Cryptocurrencies you can trade with IG
Live prices on our most popular markets
Ways to trade cryptocurrencies with IG
|Main benefits||Profits are tax-free in the UK5||Tax-deductible losses are useful for hedging5|
|Accessible to||All clients||All clients|
|Traded in||£ (or other base currency) per point||Contracts|
|Tax status||No capital gains tax (CGT) or stamp duty5||No stamp duty, but you do pay CGT. Losses can be offset as a tax deduction5|
|Commission||Commission-free (just pay our spread)||Commission-free (just pay our spread)|
|Platforms||Web, mobile app and advanced platforms||Web, mobile app and advanced platforms|
|Learn more||Learn more|
What is cryptocurrency trading?
Cryptocurrency trading involves speculating on whether a cryptocurrency’s price will go up or down – without taking ownership of any underlying coins.
What are the benefits of cryptocurrency trading?
Trade tax-efficiently,5 magnify your exposure with leverage and go long or short on the price – all without the expense of an exchange account.
How do I trade cryptocurrencies?
- Open a trading account
- Find an opportunity
- Take a position
- Monitor your trade
Open a cryptocurrency trading account in minutes
Fill in our simple online form
We’ll ask a few questions about your trading experience.
Get swift verification
We can usually verify your ID in just a few seconds.
Fund your account and trade
Or practise on a risk-free demo if you’d prefer.
How much will I have to pay?
Spread betting and 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.
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.
|Spot FX||Retail margin||Professional margin
What is this?
Opening a spread betting or CFD account with IG is free and simple, gives you access to 11 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 on cryptocurrencies with IG?
Discover a fast, clear and smart 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.
1 Based on revenue excluding FX (published financial statements, February 2018).
2 While leverage magnifies profits, it will also magnify losses.
3 Negative balance protection is not available for professional accounts.
4 Guaranteed stops incur a small premium if triggered.
5 Tax laws are subject to change and depend on individual circumstances. Tax law may differ in a jurisdiction other than the UK.