Markets.com Crypto-Trading Review

The international Forex and CFDs broker, Markets.com is operated by Safecap. Playtech PLC is the mother company of Safecap and is traded on the London Stock Exchange’s Main Market. It is also a constituent of the FTSE 250 Index. Markets.com, regulated by CySEC (Cyprus Securities and Exchange Commission) has been permitted by Financial Services Board (FSB) of South Africa to operate in the country.

 

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Note: Your capital is at risk

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About Markets.com

The international Forex and CFDs broker, Markets.com is operated by Safecap. Playtech PLC is the mother company of Safecap and is traded on the London Stock Exchange’s Main Market. It is also a constituent of the FTSE 250 Index. Markets.com, regulated by CySEC (Cyprus Securities and Exchange Commission) has been permitted by Financial Services Board (FSB) of South Africa to operate in the country. The online broker offers Forex trading and CFD trading on stocks, indices, commodities as well as cryptocurrencies. Markets.com had first incorporated Bitcoin (BTC) as an instrument in 2013. Currently, the brokerage website also offers CFDs on other cryptocurrencies like Litecoin, Ethereum, Ripple and DASH.

 

Account Types

Markets.com offers a demo account and three variations of live trading account. When opening a Classic trading account, the user will have to make a deposit of at least $100. But, if s/he opens a Standard trading account, the minimum deposit will be $2500. For Premium trading account, the minimum deposit is $20,000. The Muslim traders do not need to worry about breaking the Sharia laws as Markets.com offers swap free accounts that support interest-free trading.

 

Trading Platform

The trading platform offered by Markets.com can be used through web, tablet and mobile (both Android and iOS). The trading platform comes with many unique and advanced features that help their clients while trading Crypto CFDs. The traders can shortlist their preferred trading instruments such that they can easily access them and at the same can use the technical charts offered by the platform to create a strong trading strategy. The trading platform of Markets.com has an interactive UI/UX interface where their clients can access the features easily. The platform also offers several technical analysis tools and indicators. As the cryptocurrency market is highly volatile, the trading platform of Markets.com offers risk management tools like Stop Loss and Take Profit to the Crypto CFD traders.

 

Demo Account

The demo account is an essential feature that every broker must provide irrespective of the instruments they offer. Markets.com has built their demo account by keeping the neophytes in mind. The broker website offers live market situations for trading crypto CFDs. Their clients have unlimited access to the demo account such that they can also test a strategy in a particular market situation. The inexperienced trader will be mostly benefited as they will be able to have a real market experience in Crypto CFDs trading without having to risk any capital.

 

Education

There is a separate section labelled “Education” on the Markets.com website. The broker conducts webinars on Forex trading, Crypto CFDs and other CFDs trading. It is a good opportunity for both the beginner and the veteran traders as they can meet through the webinars and discus various issues of trading cryptocurrencies. Markets.com keeps the traders updated regarding various news related to trading and also provides weekly reviews like Bitcoin Weekly Review. A trader, after all, has to know about the latest trends in the market to speculate and open or close a position. In fact, along with technical analysis, fundamental analysis is required to form a strong trading strategy. Markets.com guides the traders such that they make the most of trading Crypto CFDs.

 

Support

Markets.com offers a 24x5 customer support team and the methods of contacting them include live chat and direct call at their support line. The potential client or the user can simply visit the “Contact Us” page on Markets.com and then post their query or complaint there. They will have to provide email address, their name, contact number and then choose the type of query, provide a title and describe the issue. The support team will contact the client as soon as the complaint or query has been posted. Queries are usually resolved within 48 hours but a formal complaint can take up to 2 months.

 

Deposit and Withdrawals

Markets.com accepts the following payment mediums:

• Credit card
• Wire transfer
• PayPal
• Neteller
• Skrill
• Giropay
• Ideal
• Sofort
• Multibanco

 

Withdrawal option can be selected from the “Menu” displayed on the right hand corner of the screen. The user can also send a withdrawal request from the mobile app. Before the withdrawal process has been approved, the user account needs to go through a complete verification process. The withdrawal medium is same as the payment method selected by the user while depositing money. They do not charge any withdrawal fees.

 

Available Cryptocurrency Assets

Assets: Bitcoin, DASH, Ethereum, Ripple, Litecoin, Bitcoin Futures

Maximum Leverage: x5 (T&Cs apply)

Spreads: 0.03 to 140.00. The spreads may vary due to market conditions and the volatile nature of the cryptocurrency market.

 

Trading Conditions

The traders can trade Crypto CFDs on Markets.com all day, all week. However, due to system maintenance there may be interruptions during trading on Sundays. Their clients can trade Bitcoin Futures from Sunday 23:00 GMT to Friday 22:00 GMT (with a daily break from 22:00 to 23:00). With Markets.com, the trader does not need to set up a cryptocurrency wallet to trade on Crypto CFDs. Moreover, they do not charge any commission on cryptocurrency trades.

Minimum deposit at Markets.com for Crypto CFD trading is $100. The exposure limit for a trading account is set at $2000 when trading CFDs with cryptocurrencies being the underlying instrument. However, this limit is not applicable for Bitcoin Futures. The exposure limit is applied by the broker so as to prevent the traders from taking an unnecessary risk. The users are not allowed to open a new position if they have reached the exposure limit.

 

Frequently Asked Questions

1. Is Markets.com a scam?

No, Markets.com is regulated by CySEC and FSB and arduously follows their norms. They offer instruments like Bitcoin, Ripple, Litecoin, DASH and Ethereum to their clients to trade on.

2. What is the minimum deposit amount?

The minimum amount that a trader has to deposit is $100.

3. Does Markets.com charge fees or commissions for withdrawal?

No, Markets.com does not charge any withdrawal fees.

4. What is the source of income for Markets.com?

. Markets.com earns from the tighter spreads that are applied on each trade. The traders can choose from fixed and floating spreads.

5. What is the maximum leverage for Crypto CFDs?

The maximum leverage for Crypto CFDs is x5. (T&Cs apply)

 

Conclusion

Markets.com is regulated by CySEC and FSB, and offers various trading indicators, signals and technical analysis tools for the understanding and interpretation of a market situation for the Crypto CFD traders. They understand how risky trading can be and thus have options like Stop Loss and Take Profit to do risk management. Their priority is to enhance their clients’ trading experience such that they make more profits. Holistically speaking, Markets.com offers many opportunities to their clients to have a profitable Crypto CFDs trading experience.

Note: Your capital is at risk

CM Trading Cryptocurrency Trading Review

CM Trading is based in Johannesburg, South Africa and deals in Forex, CFDs, stocks, indices, commodities as well as cryptocurrency trading. CM Trading is the brand name of Global Capital Markets Trading and BLACKSTONE Marketing SA (PTY) LTD (GCMT SA). CM Trading was voted “Best Performing Broker in Africa” in 2017. The broker is regulated by the home regulatory board, Financial Services Board (FSB).

 

 

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Note: Your capital is at risk

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About CM Trading

CM Trading is based in Johannesburg, South Africa and deals in Forex, CFDs, stocks, indices, commodities as well as cryptocurrency trading. CM Trading is the brand name of Global Capital Markets Trading and BLACKSTONE Marketing SA (PTY) LTD (GCMT SA). CM Trading was voted “Best Performing Broker in Africa” in 2017. The broker is regulated by the home regulatory board, Financial Services Board (FSB). For providing the most secured trading experience in South Africa, CM Trading holds their client funds in segregated accounts and they (GCMT SA clients) are protected according to the norms of the said regulatory board. The objective of FSB is to provide a stable and secure financial investment environment in South Africa.

 

Account Types

CM Trading offers 4 types of trading accounts:

• Mini account: The minimum deposit for a Mini account is $250 or €250. The maximum deposit is $999.
• Classic account: It is considered to be the most popular type of live trading account at CM Trading. The minimum deposit for the Classic account is $1,000 and the maximum deposit is $4,999.
• Executive account: The minimum deposit for this type of account is $5,000 and the maximum deposit is $24,999.
• Premium account: For Premium account, the minimum deposit is $25,000.

 

Other than the Mini account, all the live trading accounts offer “Risk Free trade” but the number depends on the account type chosen by the trader. The leverage for cryptocurrency trading for all the trading accounts is up to x5 (T&Cs apply) and they offer tighter spreads. The traders at CM Trading can access the brokerage website’s education section and will be provided market reviews on a daily basis. Demo account is another feature, which is offered by the broker.

 

Trading Platform

MetaTrader 4 is the platform offered by CM Trading to the cryptocurrency traders. Built with the objective of becoming the leading trading platform for forex and CFD trading, MetaTrader 4 has also incorporated cryptocurrency trading. While trading cryptocurrencies with MT4 platform, the traders can create signals, scripts and indicators. The MT4 trading platform offered by CM Trading is compatible with the various services provided by the cryptocurrency broker. It also includes Expert Advisor that helps to automate trading operations. CM Trading has selected MT4 for their simple interface, variety of charts available and the presence of several technical indicators and trading tools.

With the advancement and high sale figure of the smartphones, MetaTrader 4 has developed their own app for the benefit of the traders. Now, the cryptocurrency traders can trade from anywhere they want to through their smartphones. MT4 can be downloaded directly from the CM Trading website or the trader can choose to download it from Google Play and App Store.

 

Demo Account

Demo account, an essential feature is provided by CM Trading to their clients. The beginner will find it extremely useful before opening a live cryptocurrency trading account at CM Trading. The cryptocurrency market is highly volatile, so, it is essential to learn the intricacies of trading before operating in real market situation with real money. It will be an educational experience for the inexperienced trader. A demo account can also be used to test trading strategies as CM Trading offers real market situations on their demo account. To open a demo account, the trader has to simply provide their name, email id and their contact number. The country is automatically detected or else one can choose it from the drop down list. After agreeing with their Customer Agreement (T&Cs), Risk Disclosure Statement, Anti-Money Laundering policy, the trader has to click on “Start Trading”. A demo account will be created and the trader can easily switch from it to a live trading account.

 

Education

A large part of the cryptocurrency brokerage website, CM Trading is dedicated to “Education”. The main objective of investing so much in the “Education” section for CM Trading is to educate their clients such that can have the most profitable experience while trading with them. Educational materials include analysis articles on trading signals, technical and fundamental analysis, training videos and much more. They also organise webinars where the traders can meet and discuss several cryptocurrency trading topics. Guardian Angel and Expert Advisors are there to guide the traders in every step of cryptocurrency trading.

 

Support

The customer support team of CM Trading is available 24x5 during weekly trading hours. The trader can contact the team regarding any issue via live chat, email or can call directly at their helpline number. The customer support team is always ready to help out their clients and is reputable in the country.

 

Bonus/Special Offers

CM Trading offers promotions from time to time to the cryptocurrency traders. The traders need to keep an eye on the “Promotions” section in order to take advantage of the special offers of CM Trading. A bonus of up to $1000 and an eBook is given by the broker when the trader deposits for the first time. (T&Cs apply)

 

Deposits and Withdrawals

The trader can make a deposit by using the following modes:

• Major Credit/Debit cards
• Bank Wire transfers
• Visa
• MasterCard
• Neteller
• UnionPay
• Fasapay
• Trustwave

 

The Withdrawal process at CM Trading is fast and easy. The trader directly requests a withdrawal on the Withdrawal Page from their account or can fill out the online withdrawal request form available in the withdrawal section of the broker website. If the internationally mandated identity documentation is in place the Finance Department of CM Trading hardly takes more than 24 hours to process the request.

 

Available Cryptocurrency Assets

Assets: Bitcoin (BTC/USD), Litecoin (LTC/USD), Ripple (XRP/USD), Ethereum (ETH/USD)

Maximum leverage: x5 (T&Cs apply)

Spreads: Spreads usually range from 0.01 to 80.00.

 

Trading Conditions

• The trading hours for cryptocurrency traders at CM Trading is 24/5.
• Minimum Deposit: $250 or €250
• Minimum Investment: The trader must invest in at least 0.10 LOT of the selected cryptocurrency asset.
• Maximum Position Limits: BTC ($500K)*, ETH ($421K)*, XRP ($449K)*, LTC ($630K)*

 

CM Trading can cancel any excess trades that exceed the outlined threshold limits. The cancelled trades are reimbursed to the clients at their opening rates. The threshold limits also depend on the market condition of the particular instrument.

*Depends on the volatility of the present cryptocurrency market.

 

Frequently Asked Questions

1. Is CM Trading a scam?

No, CM Trading is regulated by Financial Services Board (FSB) of South Africa. They offer Bitcoin, Litecoin, Ripple and Ethereum assets and have strict security guidelines.

2. What is the minimum deposit Amount?

The minimum deposit amount is $250 or €250.

3. How fast is the withdrawal process?

The finance department of CM Trading starts processing a withdrawal request within 24 hours.

4. What is the trading platform offered for cryptocurrency trading?

CM Trading offers MetaTrader 4 trading platform for the cryptocurrency traders.

5. What is the maximum leverage offered?

The maximum leverage for cryptocurrency instruments offered at CM Trading is x5. (T&Cs apply)

 

Conclusion

Even though cryptocurrency trading is unregulated in South Africa as well as in many other countries, CM Trading being Forex/CFDs, indices, stocks and cryptocurrency broker is regulated by the FSB. The broker prioritises the security of their clients and offers top few cryptocurrency instruments for the traders to invest in. They also offer a famed trading platform, MT4 that is flexible. Tighter spreads, up to x5 leverage (T&Cs apply), a well-established education section and various trading indicators and signals are just a few reasons to trade with CM Trading in South Africa.

Note: Your capital is at risk

Best Cryptocurrency CFD Brokers and Platforms in South Africa

Cryptocurrency trading has gained immense popularity in South Africa. Citizens are taking an active interest in it. Here is when the role of brokers come in. South Africa has already deemed trading cryptocurrencies as legal within the country even if most of the cryptocurrency brokers remain unregulated. According to the taxation laws of South Africa, income from cryptocurrency trading is also subject to the general taxation norms. Therefore, when choosing a cryptocurrency broker in South Africa it is best to go by popularity.

 

 

 

Overview: Crypto CFD Broker and Platform Comparison Table

 

#1 AvaTrade

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AvaTrade has also joined the list of cryptocurrency exchanges and is making a remarkable job out of it. When it comes to cryptocurrency trading, AvaTrade offers Bitcoin, Ethereum, Ripple, Dash, Litecoin, Monero, NEO, IOTA, Zcash and Qtum to their clients. The clients of AvaTrade can start trading cryptocurrencies by investing as low as $100. The broker is known to offer competitive swap rates. The leverage offered by the online broker can range as high as 20:1. The traders can trade Bitcoin, Bitcoin Cash, Litecoinand Ethereum on the MT4 platform provided by AvaTradeand the AvaTradeGO app. The customer service team is open to all queries all day long and the platform of AvaTrade supports a whopping total of 14 languages. Therefore, the South African cryptocurrency traders will have no problem following the website. The assistance team of the broker guides the neophytes in every step of trading.

Note: Your capital is at risk

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#2 Plus500

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Plus500AU Pty Ltd is licensed by ASIC in Australia (AFSL #417727), FMA in New Zealand (FSP #486026), Authorised Financial Services Provider in South Africa (FSP #47546) and offers Bitcoin, Litecoin, Ethereum, Ripple, Bitcoin Cash and IOTA for trading in South Africa. The South African cryptocurrency traders can choose to trade the crypto coins at any time 24/7 except for on hour on Sundays. The broker does not charge any commission and the leverage offered is up to 1:30. It depends on the tradable asset and the market situation. Plus500 has a negative balance protection in place and all the transaction records are SSL (secured socket layer) encrypted. The propietary software program of Plus500 has an intuitive and user-friendly interface. The cryptocurrency broker allows the traders to easily swap from demo account to real account. This helps in testing a strategy and immediately using it in the live trading arena. This is extremely helpful as the market of cryptocurrency is highly volatile. The minimum amount a trader has to pay to start trading through a real cryptocurrency account in Plus500 is $100 only. 

Note: CFD Service. Your capital is at risk

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#3 CM Trading

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As cryptocurrency has gained popularity worldwide, CM Trading, headquartered at Johannesburg has also joined the league. CM Trading is regulated by Financial Services Board or FSB of South Africa. Thus, the cryptocurrency traders from the country need not worry about it being a scam or about security. The broker offers Bitcoin, Litecoin and other top ranking cryptocurrencies for trading. CM Trading claims to have comparatively lower transaction fees and the traders can access their funds by simply using their digital key. The funds stored as a virtual currency cannot be limited by any entity or frozen unlike traditional currency. CM Trading has made it to the top 6 list of brokers in South Africa due to its easy accessibility features. There is also almost nil chance of being a victim to frauds as a transaction done using a crypto coin cannot be reversed. CM Trading allows the cryptocurrency traders to have total custody of their deposits as it involves a P2P network structure. Therefore, with CM Trading the trader can engage smart contracts without dealing with any intermediaries.

Note: Your capital is at risk

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#4 IQ Option

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IQ Option is most popular as a Binary Options broker. However, the broker has rapidly gained popularity in South Africa as a safe haven for trading cryptocurrencies. The interface of IQ Option has won many accolades and is known for being intuitive. Its features allow easy navigation. The traders can invest in more than 15 cryptocurrencies like Bitcoin, Ethereum, Litecoin and other top cryptocurrencies through the trading platform of IQ Option. The broker has a two-step authentication process that helps in securing the trading accounts and transaction data of its clients. The company offers customer support 24x7 and the traders can choose any of the 16 languages as per their convenience. The clients can also buy real cryptocurrencies and select to store their funds in the account created at the crypto exchange or can transfer them to their own cryptocurrency wallet. The cryptocurrency traders can choose to withdraw funds in traditional currency through Visa, Mastercard or other mediums accepted by the broker. The broker company, IQ Option is regulated by CySEC even if there is no such separate cryptocurrency regulatory body for South Africa till now.

Note: Your capital is at risk

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#5 Markets.com

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Markets.com is popular as a forex/CFDs broker as well as a cryptocurrency broker. Even though cryptocurrency is relatively new to the other financial markets, its incredible growth has captured the attention of several countries, South Africa being one of them. Markets.com thus offers Bitcoin Futures, Ripple, Ethereum and Litecoin for the South African cryptocurrency traders. The broker also offers cryptocurrency CFDs trading. The minimum deposit at Markets.com is $100 only and the trading platforms are MT4 and WebTrader. The company Markets.com is regulated by CySEC as well as FSB of South Africa. It takes every precautionary step to ensure safety of the clients’ trading accounts, personal data and transaction data.

Note: Your capital is at risk

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#5 BDSwiss

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BDSwiss is a renowned cryptocurrency brokerage website that is regulated by CySEC and FSB in South Africa. The minimum deposit amount for trading cryptocurrencies is $200 while the leverage offered can be as high as 1:400. The leverage may vary depending on several factors like the market condition, crypto coin chosen by the trader and so on. BDSwiss offers three major cryptocurrencies to its clients for trading (Bitcoin, Ethereum and Litecoin). The lot size per position of these tradable assets range from 0.1 to 1. The education section of BDSwiss is a boon to the inexperienced traders as there are many articles that relate to cryptocurrency trading, chart reading techniques and so on.

The above-mentioned cryptocurrency brokers have designed apps for mobile trading and this has helped the South African cryptocurrency traders to enjoy the volatile market from any region at any point of time.

Note: Your capital is at risk

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AvaTrade Cryptocurrencies Trading - Pros and Cons explained

AvaTrade is a leading forex broker with a physical presence in different continents of the world. It is licensed by Financial Services Board (FSB) in South Africa. AvaTrade was established in 2006 and today it stands as one of the leading brokers all over the world.

Ever since the inception of cryptocurrencies, the interest has increased and traders are looking to make huge profits through trading. However, there is always a risk factor which should be considered. If you are looking to invest in AvaTrade Cryptocurrencies Trading, in this review, we shall cover all the information that you need to know to get started.

 

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Note: Your capital is at risk

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Key Features

The key features of AvaTrade include:

 

Multiple Account Types

Using AvaTrade for cryptocurrency trading, you get the option to use multiple accounts. If you are not an experienced trader, you can try the demo account. This demo account is free for all to use. The best benefits of using a demo account is that you can practice and polish your trading skills. So, when you put your money on the line, you are well prepared for all the challenges that come your way. Those who are experienced traders and want to try their hands on the cryptocurrencies, AvaTrade offers a real account. This is where your money will be on the line and you can start with as low as $100 (T&Cs apply).

 

Around the Clock Support

One of the major problems that traders face is the lack of support from the brokers. However, AvaTrade offers 24/7 support in as much as 14 different languages. In case of any issue, you can seek instant support.

 

Educational Material

AvaTrade offers comprehensive educational material using which novices and beginners can learn a lot about trading. The Sharp Trader Education center is specially designed to provide essential tools and equipment that suits your trading needs. This education center is ideal for both beginners and advanced traders.

 

 

Numerous Trading Platforms

Another feature of AvaTrade is that it offers several platforms to traders. There is a total of 8 different platforms to choose from. These are listed below:

• MetaTrader 4
• Meta Trader Platform for Mac
• Meta Trader Platform for Floating Spreads 
• Meta Trader Platform for Mobile Trading 
• Automated Trading Platforms 
• AvaTradeAct for CFD and Forex Trading
• Meta Trader Platform for Web Trading 
• Zulutrade

AvaTrade is not just limited to computer and web devices only but it is also available on mobile application known as AvaTradeGO. This mobile app is available for both Android and iOS devices.

 

Deposits and Withdrawals

Trading in AvaTrade cryptocurrencies can be started with a minimum deposit of $100 only (T&Cs apply). This minimal amount can be deposited using a wide range of funding methods including debit cards, PayPal, credit cards, Moneybookers, Skrill, Webmoney, Neteller, and others. If you want to withdraw your money, it takes just 5 days.

 

Maximum Leverage

AvaTrade offers a maximum leverage of 1:20 which is quite high in cryptocurrencies as compared to other trading platforms. Each cryptocurrency has its own floating spreads and leverage. The details of which can easily be found on the official website.

 

Bonus/Special Offers

Using AvaTrade cryptocurrencies, traders can earn exciting bonuses. These bonuses can reach up to $1,000 in some cases (T&Cs apply). The more you invest, the more you can earn as bonuses.

 

Pros & Cons

Pros for Trading with AvaTrade

Some of the pros of trading with AvaTrade include:

• Attractive bonuses offered which can reach up to $1,000. 
• Educational resources are available for beginners to learn as they progress. 
• Reliable and reputable trading platform. 
• Free demo account to learn the basics before investing your money. 
• Minimum deposit of $100 (T&Cs apply). 
• Market analysis integrated into the dashboard.

 

Cons for Trading with AvaTrade

• A slightly long withdrawal time of 5 days.
• At times, the spread can be high. Those who don’t know, the spread is the difference between the buying and selling price. In order to make a profit, you need to beat the spread.

 

 

Frequently Asked Questions

1. Is AvaTrade genuine?

AvaTrade is regulated and authorized by renowned authorities including CySec, FSB, ASIC, and BVI Financial Services Commission.

2. What is the amount of minimum deposit?

The amount of minimum deposit is as low as $100 (T&Cs apply).

3. What is the maximum leverage?

Using AvaTrade for trading for cryptocurrencies, a leverage of 1:20 can be applied (T&Cs apply).

4. In which cryptocurrencies can I trade?

There are a total of 8 cryptocurrencies in which you can trade. These are Bitcoin, Ethereum, Litecoin, Ripple, Dash, Bitcoin Cash, Monero, NEO, IOTA, Zcash, and Qtum.

5. What are the charges of Demo Account?

Demo account is free for all. It is a way to learn the basics of trading and gain experience.

 

 

Conclusion

After taking into consideration all the key features and pros & cons, we can easily ascertain that trading cryptocurrencies with AvaTrade is a good option for both beginners and expert traders. The low investment option gives people of all income scales a better chance to make it big with trading. The fluctuating prices of cryptocurrencies may seem alarming for some but the fact that it gives huge returns, making it a wise choice. Moreover, new users can also learn from expert traders through automated trading platforms.

  

Note: Your capital is at risk