Cryptocurrencies
The future of money or the next tech revolution? No matter what you think of cryptocurrencies, you can now take a position in Profit Motion Club's trading platform.
Open AccountThe future of money or the next tech revolution? No matter what you think of cryptocurrencies, you can now take a position in Profit Motion Club's trading platform.
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You believe that the price of ether USD will rise and want to benefit from that movement by buying 10 CFDs on Ether USD. Let us assume that the current price of 1 CFD is $400.
The margin on Ether USD is 50% – which means that you have to pay half (50%) of the trade value of $4000 (10 CFDs x $400), i.e. $2,000: 50% x $4,000 = $2,000.
Let’s say you turn out to be right and the price of Ether USD rises by $10 to $410. In such a case, by closing your position you will realise a profit of $100 (10 х $10).
If, instead of rising, the price of Ether USD falls by $10, you will suffer a loss of $100 (10 x $10).
Note: Any quotes of financial instruments displayed in the example above are indicative only and may not reflect the current market situation.
We offer cryprocurrency trading with no commissions and competitive target spreads. In the full list of our cryptocurrency CFDs you can check their trading hours, individual margin levels and allowed position sizes.
Yes, you can. Stop and Limit orders can help you manage your risk better and also partially automate your trades, without you having to be online 24/7. Profit Motion Club’s platform also offers other order types that will be appreciated by more experienced traders.
Yes, you can. With Profit Motion Club you can short cryptocurrencies (i.e. take short positions) and thus benefit from their falling prices.
With hundreds of cryptocurrencies currently available on an ever-growing market, it was a challenge to choose which of them to include in our CFD offering. So besides the obvious leaders, Bitcoin and Ether, we chose six additional digital currencies, applying criteria such as popularity among traders, market capitalisation and, last but not least, potential for diverse real-world applications.
No, with Profit Motion Сlub you trade CFDs (Contracts for Difference) on cryptocurrencies, so the result is formed from their price changes. You do not own actual units of cryptocurrency.
You may come across a thousand definitions but, generally speaking, cryptocurrencies are a decentralised means of making payments. It is decentralised because they are not emitted or governed by a single country – rather, they are supported by thousands of ‘mining’ servers around the world. The job of those servers is to build the cryptocurrencies’ structure by processing the records of ongoing transactions.
The value of cryptocurrencies is constantly increasing or decreasing – and their volatility makes them attractive trading instruments.