Price movements on Cryptocurrencies like Bitcoin or Ethereum are driven primarily by news and prevailing sentiment, i.e. the fear and greed of retail speculators. These sometimes dramatic shifts can lead to massive intraday price swings, making Cryptocurrency CFDs an exciting product for aggressive and experienced day traders.

The IC Markets Cryptocurrency CFD product allows traders to go long or short without actually holding the Cryptocurrency. This means traders can get exposure to the price of the Cryptocurrency without worrying about the security risks associated with storing it and the counterparty risk from the exchange. This is similar to trading Energy Futures such as oil rather than owning physical oil to speculate on its price.

Bitcoin CFD Trading Examples

  • 1
    The gross profit on your trade is calculated as follows:
    Opening Price 3910.25 * 2 = USD $7820.50
    Closing Price 4200.50 * 2 = USD $8401.00
    Gross Profit on Trade
    USD $8401.00 – 7820.50 = $580.50
  • 2
    Opening the Position
    The price of Bitcoin CFD against the US Dollar is 3900.25/3910.25 and you decide to buy 2 contracts at 3910.25.

  • 3
    Closing the Position
    One month later Bitcoin CFD has increased to 4200.50/4210.50 and you decide to take your profit by selling your 2 contracts at 4200.50 each.



  • Leverage up to 1:5
  • Trade the market 24/5
  • Long or short
  • FSA regulated
  • No commissions
  • REAL live support!

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Bitcoin is a digital cryptocurrency that derives its value from supply and demand factors unique to this asset class.

Bitcoin is available in a finite supply and therefore increases in price as demand increases.

Demand stems from speculative sources and more practical sources, for example Internet purchases paid for in Bitcoin.

Bitcoin also has a tendency to react to market sentiment in more traditional markets such as equities and foreign exchange, increasing during periods of negative sentiment.