Markets / Cryptocurrencies

Cryptocurrencies

Cryptocurrency Trading

Benefits of Cryptocurrency Trading with VestoFX

  • 20+ cryptocurrencies
  • No need for crypto wallet
  • No hidden commissions

Trade 5 global asset groups & 300+ individual CFD financial instruments. Discover Forex, Commodities (Precious Metals & Energies), Stocks and Cryptocurrencies at VestoFX.

Cryptocurrency CFDs

Why is cryptocurrency trading popular?

High Potential Returns: The high volatility in cryptocurrency prices can lead to significant profits in a short amount of time, however it can also cause losses.

Accessibility: Digital platforms make it easy for anyone with internet access to trade cryptocurrency CFDs.

Innovative Market: The continuous development in blockchain and digital assets keeps the market dynamic and interesting.

Diversification: Cryptocurrencies offer a new asset class for diversification of investment portfolios.

Speculative Appeal: Many traders are attracted to the speculative nature of cryptocurrencies, trading CFDs based on predictions of future price movements.

 

Advantages of trading cryptocurrency CFDs against fiat currencies:

Familiarity with Forex Trading: Many traders are already familiar with currency pairs in forex. Trading CFDs on BTCUSD, for example, involves speculating on the price of Bitcoin relative to the US Dollar.

Liquidity & Volume: BTCUSD is one of the most heavily traded cryptocurrency CFDs, offering better liquidity and typically narrower spreads.

Stable Counter Currency: When trading CFDs on Bitcoin against the US Dollar, traders can focus on Bitcoin’s volatility without worrying about two volatile currencies.

Easier Valuation & Analysis: Trading BTC against a stable and well-understood currency like the USD allows traders to more easily analyze price movements, trends, and potential returns. It simplifies the process of valuation compared to trading one cryptocurrency against another (like BTCETH), where both sides of the pair can be highly volatile.

Wide Acceptance & Accessibility: Most cryptocurrency exchanges and trading platforms offer the BTCUSD pair, making it easily accessible to traders around the world. It’s also a commonly used pair for reporting and analysis in financial media, providing traders with readily available market insights and data.

Hedge Against Fiat: Some traders view Bitcoin as a hedge against the devaluation of fiat currencies like the USD. By trading BTCUSD, they can potentially benefit from movements in Bitcoin’s value as well as any depreciation in the US Dollar.

Company Information: This website (www.vestofx.net) is operated by FAIRMONT FINANCIAL SERVICES (PTY) LTD, a South African investment firm, authorized and regulated by the Financial Sector Conduct Authority of South Africa with Financial Service Provider (FSP) license number 51766. FAIRMONT FINANCIAL SERVICES (PTY) LTD is registered and located at 5 Fagan Street, Somerset West, 7130 Western Cape Province, South Africa.

FAIRMONT FINANCIAL SERVICES (PTY) LTD owns and operates the “VestoFX” brand.

FAIRMONT FINANCIAL SERVICES (PTY) LTD and EVBX LTD belong to the same Group of Companies. EVBX LTD (ex Vstar & Soho Markets Limited) is regulated by the Cyprus Securities and Exchange Commission with CIF license number 409/22.

Risk warning: Contracts for difference (“CFDs”), are financial instruments which carry a high risk of losing all invested capital due to the fact that they are complex financial products. Trading in CFDs, includes trading with leverage and can lead to the loss of all balance held within your trading account fast. Please keep in mind that leverage in such financial instruments may be advantageous or detrimental. Also, it is crucial to know that a contract for difference gives no right of ownership to the underlying assets. Past performance is not a reliable source for future results and forecasts do not constitute a reliable indicator of future performance. It is essential to know that trading in CFDs is not appropriate for all investors and prior deciding to trade, you should thoroughly consider whether your level of experience, investment objectives and risk tolerance is able to endure the high risk of trading. In no event you should deposit more funds than you are prepared to lose. You should ensure that you understand all risks associated with trading in CFDs and seek independent advice, if necessary. Please read our Risk Disclosure document.

FAIRMONT FINANCIAL SERVICES (PTY) LTD applies strict measures in line with anti-spam regulations by avoiding unsolicited advertising. Please read our Privacy Policy document.

Regional Restrictions:  FAIRMONT FINANCIAL SERVICES (PTY) LTD does not offer services within the European Economic Area as well as in certain other jurisdictions such as the South Africa, USA, British Columbia, Canada, Iran, North Korea, Myanmar, Russia and some other regions.

FAIRMONT FINANCIAL SERVICES (PTY) LTD is NOT a financial adviser and does not issue advice, recommendations or opinions in relation to acquiring, holding or disposing of any financial product.

Risk Warning

Trading in CFDs carry a high level of risk to your capital due to the volatility of the underlying market. These products may not be suitable for all investors. Therefore, you should ensure that you understand the risks and seek advice from an independent and suitably licensed financial advisor.

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