MT4 Ripple Trading

Ripple (XRP) MT4 Trading | CFD Trading and Spread Betting

Ripple (XRP) MT4 Trading
Online BrokerMinimum DepositXRP CFDsXRP Spread Betting
$50X
$100
$100X
$200X
$250
$300X
$250X
$100X
$100X
$100X

Ripple CFD Trading on MT4

The brokers offer CFD trading in the cryptocurrency Ripple (XRP), on the MT4 trading platform.

Briefly, what is Ripple ?

It depends on what part of Ripple one is talking about. Ripple is a company, Ripple (XRP) is a cryptocurrency and the XRP Ledger is the public distributed blockchain which processes payments in XRP. Ripple the company exists to provide enterprise solutions involving the XRP Ledger, and has produced a number of products to do this.

What is MT4 ?

MetaTrader 4 (MT4) is a platform which supports both discretionary trading, where the trader makes their own trading decisions and automated trading, where a computer program makes the decisions, based on a set of executed rules or algorithms. For discretionary trading, MT4 offers a range of charting tools and technical indicators.

For automated trading, MT4 provides executable trading algorithms called Expert Advisors (EAs). These can be run from the trader's computer. If the trader wants to run these programs 24/7 even when they are offline, they can use what is termed a Virtual Machine, where the programs run on another server. This is called a Virtual Private Server (VPS). Reasons to do this also include potentially increasing reliabaility and decreasing downtime. Hence with MT4, the trader can potentially run programs which execute trades in Ripple CFDs, as well as make their own (discretionary) trading decisions.

How is a Ripple CFD different from the cryptocurrency Ripple ?

A Ripple CFD is based on the price on the cryptocurrency XRP, which is traded on exchanges around the world. Brokers may use a volume weighted average to determine the price of the CFD. The idea is to allow the trader to trade the cryptocurrency, without owning it, as they are speculating on the price movement of the cryptocurrency. This is also the case with spread betting, which is available at some brokers in the UK.