Trade Cryptocurrency Volatility

Trade Cryptocurrency volatility without owning Cryptocurrency.

Lowest costs on your Cryptocurrency trading

We're proud to offer the lowest costs on your Cryptocurrency trading*, with market-leading pricing on Bitcoin, Ethereum, Litecoin and Ripple.

Assumes 1 Bitcoin trade at $45,000 CityIndex logo IG CMC Plus500 Pepperstone
Spread 90 120 40 135 40
Financing Long Short Long Short Long Short Long Short Long Short
Annual Financing %
15% 5% 25% 5% 35% 10% 19% 10% 25% 7.5%
Overnight financing $18 -$6 $31 -$6 $43 -$12 $23 -$12 $31 -$9
Total cost / one week $249 $77 $336 $77 $342 -$46 $299 $49 $256 -$25
Total cost / one year $6,870 -$2,130 $11,370 -$2,130 $15,790 -$4,460 $8,685 -$4,365 $11,290 -$3,335

*Table for comparative purposes only and features representative spreads from Australian competitors on their websites and platforms, and is correct to the best of our knowledge as of June 7th, 2021. Trading costs are based on 1 Bitcoin ($) CFD priced at 45,000 USD. Plus500 costs include the cost of reopening trades due to forced expiration dates. Positive numbers imply charges to client accounts; negative numbers imply credit received by clients. Spreads may change during periods of extreme volatility in the underlying market.

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Why trade Cryptocurrencies as a CFD?

Take a fresh look at trading Cryptocurrencies as a CFD. You can go long or short and take advantage of the most competitive costs for Cryptocurrency trading.* You can also lock in profits and cap losses, managing risks with price alerts and stop losses. No more need for exchanges or wallets as you don’t own the underlying Cryptocurrencies.

Find out more about trading Cryptocurrencies

Trading vs. Owning Cryptocurrency

CFDs Owning Cryptocurrency
Ability to go long - buy and take advantage of rising prices
Ability to go short* - sell and take advantage of falling prices
Trade on margin
Trade on volatility - no need to own the asset or have an exchange account
No exchange fees or complicated digital wallets

*Shorting only available on BTC and ETH

Build your Cryptocurrency trading confidence

What is Crypto trading?

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Bitcoin strategy

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Ethereum trading

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All about Crypto trading


Test out trading Cryptocurrency CFDs with a demo account

  • Unlimited access to our trading platforms for 12 weeks
  • Trade with $20,000 in virtual cash
  • Real time pricing on thousands of markets, including Shares and Indices
  • Access to all of the features and tools on the platform

What is the City Index policy on Cryptocurrencies forking?

In the event that the current cryptocurrency splits into two, new cryptocurrencies are created, this is known as a hard fork. We will generally follow the cryptocurrency that has the majority consensus of cryptocurrency users and will therefore use this as the basis for our prices. In addition we will also consider the approach adopted by the exchanges we deal with, which will help determine the action we take.

We reserve the right to determine which cryptocurrency unit has the majority consensus behind them.

As the hard fork results in a second cryptocurrency, we reserve the right to create an equivalent position on client accounts to reflect this. However, this action is taken at our absolute discretion, and we have no obligation to do so.

If the second cryptocurrency is tradeable on major exchanges, which may or may not include the exchanges we deal with, we may choose to represent that value, but have no obligation to do so. We may do this by making the product available to close based on the valuation, or by booking a cash adjustment on client accounts.

If, within a reasonable timeframe, the second cryptocurrency does not become tradeable, then we may void positions that had previously been created at no value on client accounts.

Over periods of substantial price volatility around fork events, and we may take any action as we consider necessary in accordance with our terms and conditions including suspending trading throughout if we deem not to have reliable prices from the underlying market.

Important Notice:

StoneX recommends you to seek independent financial and legal advice before making any financial investment decision. Trading CFDs and FX on margin carries a higher level of risk, and may not be suitable for all investors. The possibility exists that you could lose more than your initial investment further CFD investors do not own or have any rights to the underlying assets.

It is important you consider our Financial Services Guide and Product Disclosure Statement (PDS) available at, before deciding to acquire or hold our products. As a part of our market risk management, we may take the opposite side of your trade.