Social Trading Forex Brokers offering Cryptocurrency trading

Although still not as popular as forex trading, cryptocurrencies have really taken off in the past years and many social trading forex brokers have jumped on this trend. Social trading brokers that offer cryptocurrencies usually offer them in the form of contracts-for-difference, or CFDs for short.

CFDs offered by social trading brokers make it easier to safely store, short-sell, and trade cryptocurrencies using leverage that is normally not available from the traditional crypto exchanges. One thing to be aware of, however, is that unlike real cryptocurrencies, CFDs cannot be transferred to other users outside of the trading platform. Instead, they are pure trading vehicles, designed to profit from the wild price swings that characterizes this new asset class.