Ethereum trading

Go long and short on ether, the token of the ethereum network, with the world’s No.1 CFD and spread betting provider.1

When you trade ethereum with IG, you aren't taking ownership of any cryptocurrency. Find out more about how leveraged ethereum trading works.

Why trade ethereum with IG?

  • Go short as well as long

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

  • Tax-free trading

    Spread bet on ether and you won’t pay any tax on your profits2

  • No exchange account

    We source our prices from multiple exchanges on your behalf

  • Improved liquidity

    So there’s more chance of executing your full trade at your chosen price

Ethereum trade price comparison

Assuming ether is priced at $354
IG
Plus 500 Trading 212
Headquarters UK Israel UK
Founded 1974 2008 2013
Max ether exposure per client 31.5 1.2 1
Typical observed spread 6 5.61 6
  Long Short* Long Short* Long Short
Overnight funding on £10/pt (ex spread) £2.70 -£1.23 £1.66 -£1.37 £1.55 £0
Total cost of round trade held overnight £62.70 £58.77 £57.76 £54.73 £61.55 £60.00
Total cost of trade held for 1 month** £143.75 £21.96 £163.72 £69.88 £168.16 £120.00
Total cost of trade held for 1 year*** £1046.13 -£387.89 £1335.95 -£231.07 £1347.01 £780.00

Figures are based on a notional value of £354 representative of a £10/pt bet when ether is priced at $354. Data is based on analysis of ether offering from prominent UK competitor websites and is correct to the best of our ability as of 10 August 2018. Table for comparative purposes only. Values in brackets reflect clients receiving. 

* When negative values implies clients receive
** Where 1 month is 31 days starting Monday 1st
*** Where 1 year is 365 days starting Monday 1st 

NB: Plus 500 and Trading 212 both have forced expiry dates which would result in you paying spread to get back into the trade. Plus 500 (forced expiry every 30 days) and Trading 212 (expires on the last Friday of each calendar month) factored into calculations.

All ethereum costs and details

For full details including spreads, dealing hours and margins for ethereum, follow the link to our help area.

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. 

Live ether prices

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

How can I spread bet and 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 spread bet or 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 and spread bets 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.

We offer two forms of leveraged ethereum trading: CFDs and spread bets. You can use both to open long and short positions, with spreads starting from just 2 points. Ethereum can be traded on all our platforms, including MT4.

Factors affecting ethereum

Ethereum is less exposed to many of the economic and political factors which affect traditional currencies, but its value is influenced by a host of unique dynamics:

Availability
Unlike bitcoin, there is no limit on the supply of ethereum. Even so, many ether units will continue to be added and lost over time, causing its availability to fluctuate.

Wider acceptance
The ethereum ecosystem is constantly changing as adoption of the cryptocurrency grows, both among independent investors and those in industry.

Government regulation
Governments are still adapting to cryptocurrencies, with considerations for supervision mechanisms and other new guidelines.

Media coverage
Negative press, particularly surrounding security lapses and hacks, can impact public perception of ethereum’s value.

Technological advances
Ethereum’s integration into payment systems, crowdfunding platforms and more could raise its profile, while confidence in traditional systems may begin to erode.

Market manipulation
A lack of regulation means traders may be able to influence the market by buying and selling in significant quantities.

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.

FAQs

What is a decentralised platform?

A decentralised platform is shared digital infrastructure on which anyone can build an application, without intervening servers or management tools. Ethereum is an example of this: it connects users and providers directly, and has no single point of failure. 

What is a smart contract?

Smart contracts are lines of code written into the blockchain to serve as the terms and agreements between a buyer and seller. They ensure anonymous parties can enter a transaction with one another without the need for a central authority or legal intermediary. In short, they make transactions traceable, transparent and irreversible.

Who created ethereum?

Ethereum was created by Vitalik Buterin, a 22-year-old programmer from Toronto. His aim was to use blockchain to accommodate not only a cryptocurrency, but many more programs besides.

Can I trade ether on the MetaTrader 4 platform?

Yes, you can use the MetraTrader 4 (MT4) platform to trade ether 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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1 Based on revenue excluding FX (published financial statements, February 2018); number of active UK financial spread betting accounts (Investment Trends UK Leveraged Trading Report released June 2017).

2 Tax laws are subject to change and depend on individual circumstances. Tax law may differ in a jurisdiction other than the UK.

Spread bet example

Say our price is currently 204 to sell ether (USD), or 206 to buy it.

You believe that ether’s price will fall against the dollar, so you sell £20 per point at 204 (equivalent to £20 exposure at a price of 204 = £4080).

The ether price falls and our new price is 172/174. You decide to take your profit by buying to close at 174.

$204 - $174 = $30 move or 30 points

Your gross profit is 30 x £20 = £600.

If the market had rallied 30 points instead, your gross loss would be £600. *Excluding any daily funding charges.

CFD example

Our price is currently 204 to sell ether (USD), or 206 to buy it.

You believe ether’s price will rise against the dollar, so you buy one contract at 206 (equivalent to selling 100 ether units at a price of $206).

The ether price rises and our new price is 244/246. You decide to take your profit by selling to close at 244.

$244 - $206 = $38 move or 38 points

Your gross profit is 38 x $100 = $3800*

*Excludes any daily funding charges.

Help and support

Get answers about your account or our services.

Get answers

Or ask about opening an account on 0800 195 3100 or newaccounts.uk@ig.com.

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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.