Cryptocurrencies are volatile, unregulated, decentralised and controlled almost exclusively by retail speculators. Trade the world's newest and most exciting asset class as CFDs with BurjexPrime.
The leverage available on Cryptocurrency pairs BTCUSD and ETHUSD is now up to 1:500 and for BCHUSD and LTCUSD 1:200 for clients registered with BurjexPrime.
Unlike other asset classes (FX, Equities, CFDs on Commodities, etc.), the Cryptocurrency market is dominated by retail speculators. With BurjexPrime Cryptocurrency CFDs, you will trade in a market where there is no central bank intervention, interbank dealers controlling order flow or giant pension funds moving prices.
Price movements on Cryptocurrencies like Bitcoin or Ethereum are driven primarily by news and prevailing sentiment, i.e. the fear and greed of retail speculators. These sometimes dramatic shifts can lead to massive intraday price swings, making Cryptocurrency CFDs an exciting product for aggressive and experienced day traders.
The BurjexPrime Cryptocurrency CFD product allows traders to go long or short without actually holding the Cryptocurrency. This means traders can get exposure to the price of the Cryptocurrency without worrying about the security risks associated with storing it and the counterparty risk from the exchange. This is similar to trading Energy Futures such as oil rather than owning physical oil to speculate on its price.