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.

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Cryptocurrencies
bitcointable
  • The first cryptocurrency, created in 2009
  • Used mainly as a currency
  • Supply limited to 21 million units
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ethertable
  • Created in 2015
  • Many applications of the base platform
  • Unlimited supply
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bitcashtable
  • Created in 2017 as a hard fork of Bitcoin
  • Offers faster processing of transactions
  • Supply limited to 21 million units
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litecoin
  • Created in 2011, one of the first coins after Bitcoin
  • Allows up to 10x faster and much cheaper transactions
  • Supply limited to 84 million units
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dash
  • Started in 2014 as xCoin
  • Focus on privacy – transactions can’t be tracked
  • Max supply will be between 18.4 – 19.7 million units
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etherclassic
  • Created in 2016
  • Result of a hard fork of Ethereum after the DAO hack
  • Unlimited supply
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zcash
  • Created in 2016 with privacy in mind
  • It uses the Equihash algorithm
  • Supply is limited to 21 million units, just like Bitcoin
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Why Profit Motion Club?

  • Trade some of the most common cryptocurrencies without a cryptocurrency wallet
  • Opportunity to trade both upward and downward market movements: open a long position if you believe the price of the respective cryptocurrency will rise, or a short one, if you believe it will fall
  • Mini Cryptocurrency CFDs offered at about 10% of the standard CFD price
  • Profit Motion Club is a company with close to 20 years of experience on the financial markets, licensed by the FSC in Bulgaria and regulated in the EU under MiFID
  • Your assets are protected by the Investor Compensation Fund
  • Ability to trade 24/5

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Frequently Asked Questions

1.Example cryptocurrency CFD trade

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.

2.What are your trading conditions on cryptocurrencies?

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.

3.Can I use Stops and Limits?

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.

4.Can I go short on cryptocurrencies?

Yes, you can. With Profit Motion Club you can short cryptocurrencies (i.e. take short positions) and thus benefit from their falling prices.

5.Why exactly these cryptocurrencies?

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.

6.Do I need a cryptocurrency wallet in order to trade cryptocurrencies?

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.

7.What are the risks associated with cryptocurrencies?
  • Price volatility: The value of cryptocurrencies (and hence their respective CFDs) is extremely volatile. They are vulnerable to sharp price changes due to unexpected events or changes in market sentiment.
  • Leverage: Leverage can increase both your losses and profits, and can place you at risk of losing more than your initial investment.
  • Costs: Costs tend to be higher than for our other CFD markets. These include the spread (the difference between the prices at which we offer to buy or sell a CFD position) and interest on margin.
  • Price transparency: When compared with regulated currencies, cryptocurrencies (and their respective CFDs) can experience more significant variations in the pricing.

8.What is a 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.