Dukascopy Bitcoin Trading

Dukascopy Bitcoin Trading

Dukascopy Bitcoin (BTC/USD) CFD Trading
Online BrokerCryptocurrencyMinimum Contract SizePlatformRegulated
Minimum Contract Size
JForex 3
Trading Platform

Dukascopy Offers Trading in Bitcoin CFDs on JForex 3

Dukascopy EU is the EU regulated subsidiary of Swiss regulated Dukascopy Bank SA. Both offer CFD trading in Bitcoin (BTC/USD) CFDs as well as Ethereum CFDs on JForex 3.

What is Bitcoin ?

Bitcoin is a decentralised peer-to-peer payment system, using the cryptocurrency Bitcoin. Processing of transactions in the cryptocurrency is performed by miners who receive Bitcoin as part of the process of creating processed chained blocks of transactions. These chained blocks of processed transaction (known as the blockchain) constitute an electronic ledger of all transactions in the cryptocurency.

Does the trader own the cryptocurrency ?

The trader does not own the cryptocurrency Bitcoin, as they are buying or selling CFDs. When opening a CFD position (long or short) Dukascopy is the counterparty, which then hedges the position with external counterparties. The price of the CFD is not necessarily the same as the price of the hedged instrument (if there is one). The price of the CFD can thus differ from its price on exchanges where the physical cryptocurrency asset is traded.

Does the trader need a wallet ?

A wallet is used to store the asset Bitcoin. As the trader does not own it, they do not need a wallet (or any other means) to store it.

What hours can Bitcoin CFDs be traded at Dukascopy ?

24 hours, without interruption, Sunday 21.00 GMT - Friday 21.00 GMT.

What is Dukascopy's minimum deposit ?

Dukascopy's minimum deposit is $100 to open a trading account (however a larger deposit would be needed to trade a minimum amount of Bitcoin, given its price, maximum leverage and minimum trade size). .

What is the minimum contract size for Bitcoin ?

The minimum contract size is 0.2 Bitcoin. The minimum contract size for Ethereum is 1 Ether.

What leverage is available ?

At Dukascopy EU, leverage for Bitcoin CFDs is available at 1:2.

What platform is available ?

Dukascopy offers ECN services, and provides JForex 3. JForex 3 can be used for discretionary trading (where the trader makes their own decisions). It is has a visually attractive design (it is built on JAVA) and offers a wide range of technical indicators and other charting tools. Thus the trader can analyse markets using charts. However it can also be used to run and build automated trading strategies (in JAVA). Dukascopy does not restrict trading styles (scalping and news trading, for example, are allowed). So it gives the trader scope to use discretionary or automated trading.

What other markets does Dukascopy offer ?

Dukascopy offers trading in Forex, Indices, Energy, Metals, Stocks and Soft Commodities, in addition to Cryptocurrencies. It has a total of 500+ markets available to trade.

Is Dukascopy regulated ?

Both Dukascopy EU and its parent Dukascopy Bank SA are regulated. Dukascopy EU is based in Latvia and is regulated by the Latvian Financial and Capital Market Commission (FCMC). Dukascopy Bank SA is based in Geneva in Switzerland and is regulated by the Swiss Financial Supervisory Authority (FINMA).

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