City Index Ethereum Trading

Ethereum Trading At City Index | CFDs And Spread Betting

Ethereum At City Index
Online BrokerCryptocurrencyMarginMinimum SpreadRegulated
Ethereum (ether)
Cryptocurrency
50%
Margin
$5-$8
Minimum Spread
FCA
Regulator

City Index Now Offers Ethereum CFD Trading And Spread Betting

City Index UK, a broker regulated by the FCA in the United Kingdom, is offering spread betting from 50p a point and CFD trading from 1 CFD in Ethereum.

What is Ethereum ?

Ethereum is a platform for smart contracts. It is what is sometimes termed Blockchain 2.0, as it uses blockchain technology for more than cryptocurrency transactions (since it uses the blockchain to run applications and process transactions). However the Ethereum network has a value token (i.e. a cryptocurrency) called 'ether', which can be traded on exchanges as ETH. When brokers typically refer to Ethereum as a traded cryptocurrency, they mean the value token ether.

What is an Ethereum smart contract ?

It is an application written in a computer language which is compiled to run on the Ethereum blockchain. As there is no centralised control of the blockchain, once it runs, it is designed to be unstoppable. Running a smart contract has a cost associated, calculated in units called 'gas' which are paid for with ether. Thus running a smart contract results in blockchain transactions in ether. These are processed by miners, who get ether as a reward for adding blocks of these transactions to the blockchain. This is how ether itself is created. Unlike some other cryptocurrencies, there is no pre-set limit currently on the total number of ether which can be created by mining.

Ethereum CFD trading and spread betting

City Index offers CFDs or spread betting of Ethereum. Ethereum is traded on cryptocurrency exchanges as an asset (ETH), that is it can be bought, stored (for example in a wallet) and sold. City Index offers Ethereum CFD and spread betting. In neither case does the trader own the underlying asset (whether a cryptocurrency or any other market). This means, however, it does not need to be stored and no wallet is needed. The trader is speculating on the price movement of the underlying cryptocurrency, thus they can go long or short. City Index establishes the price of the underlying cryptocurrency based on its price on a number of exchanges.

Is it possible to trade using leverage ?

A feature of CFD trading and spread betting is that the trader can use leverage (i.e. trade a market with less than its actual price). It should be noted that increasing leverage increases risk. Cryptocurrencies can be highly volatile, thus increasing leverage can increase exposure to this volatility. Typically brokers limit the amount of leverage available for cryptocurrencies.

What leverage is available at City Index for Ethereum ?

Leverage is up to 2:1 or 50% margin at City Index (FCA regulated) and leverage is up to 4:1 or 25% margin at City Index (ASIC regulated).

What is City Index's minimum deposit ?

City Index does not have a minimum deposit requirement to open an account, but a deposit is necessary to trade markets. .

Does City Index also offer Bitcoin ?

City Index has Bitcoin available to spread bet or trade as CFDs.

What spread is available for Ethereum ?

The spread is from $5 for an Ethereum CFD and $8 for an Ethereum DFT and may change due to market conditions.

What are Ethereum's trading hours ?

Ethereum can be traded 22.00 Sunday to 22.00 Friday (GMT).

What is the overnight financing charge ?

The overnight financing charge is 0.08219%.

What other markets does City Index offer ?

City Index has a wide range of market available, covering Forex, Indices, Metals, Cryptocurrencies, Energy, Soft Commodities, Bonds, Options, Shares & ETFs. It offers over 12,000 markets to trade.

What platform can Ethereum be traded on ?

Ethereum can be traded on City Index's Web Trader and Advantage Web platforms and AT Pro. AT Pro is a platform for advanced users, which has the capacity to build automated trading strategies. It also has a relatively wide range of technical indicators. Desktop, tablet and mobile trading is available.

Is City Index regulated ?

City Index is a trading name of GAIN Capital UK Limited. Its head and registered office is: Park House, 16 Finsbury Circus, London, EC2M 7EB. GAIN Capital UK Ltd is a company registered in England and Wales, number: 1761813 and is authorised and regulated by the Financial Conduct Authority with FCA Register Number: 113942.

What other cryptocurrencies are offered ?

In addition to Ethereum, City Index has Bitcoin, Bitcoin Cash, Litecoin and Ripple, as CFDs or for spread betting.

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