Admiral Markets Group consists of the following firms:

Admiral Markets UK Ltd

Regulated by the Financial Conduct Authority (FCA)
  • Leverage up to:
    1:30 for retail clients,
    1:500 for professional clients
  • FSCS protection
  • Negative balance protection
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Admiral Markets AS

Regulated by the Estonian Financial Supervision Authority (EFSA)
  • Leverage up to:
    1:30 for retail clients,
    1:500 for professional clients
  • Guarantee Fund
  • Negative balance protection
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Admiral Markets Cyprus Ltd

Regulated by the Cyprus Securities and Exchange Commission (CySEC)
  • Leverage up to:
    1:30 for retail clients,
    1:500 for professional clients
  • ICF protection
  • Negative balance protection
CONTINUE

Admiral Markets Pty Ltd

Regulated by the Australian Securities and Investments Commission (ASIC)
  • Leverage up to:
    1:500 for retail clients
  • Volatility protection
  • Negative balance protection
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Note: If you close this window without choosing a firm, you agree to proceed under the FCA (UK) regulation.
Note: If you close this window without choosing a firm, you agree to proceed under the FCA (UK) regulation.
Regulator fca efsa CySEC asic

Admiral Markets enables short selling for CFDs on Bitcoin and Ethereum!

August 23, 2017 15:04



Dear Traders,

We're delighted to announce that CFDs on Bitcoin and Ether are now enabled for short selling. Sell stop and sell limit orders are now also available!

Traders with an Admiral.Markets account will now have the opportunity to capitalise either on trends and corrections of the world's two most popular cryptocurrencies, using long and short positions, respectively.

Please also note that short selling on margin involves the interest payments on the funds we borrow from the cryptocurrency exchange, so the resulting position financing rates will be as follows:

Instrument

Swap rate (long)

unchanged

Swap rate (short)

introduced

3-day swaps

unchanged

BTCUSD

-10% yearly

-22% yearly

Friday

ETHUSD

-10% yearly

-44% yearly

Friday

Borrow rates across the exchanges are considerably high, which reflects the volatility of the cryptocurrency markets and the magnitude of possible rate fluctuations which the exchanges must take into account when providing margin trading services.

For example, Bitcoin has climbed against the US dollar by around 1000% this year and surpassed the price of the troy ounce of gold by almost 3.5 times, with more than a 100% surge from mid-July to mid-August, 2017.

Additionally, Ethereum's blockchain 'fuel' cryptocurrency, Ether, has provided an even more stunning example of volatility this year, seeing it peak at around 400 USD in mid-June, following a straight 5000% rally within just 5 and half months, it's now being traded at around 300 USD.

According to some, our CFDs on Bitcoin (BTCUSD), Ether (ETHUSD), Litecoin (LTCUSD), Ripple (XRPUSD) and Bitcoin Cash (BCHUSD) are some of the hottest instruments around!

We're strongly committed to further enhancing our cryptocurrency trading offer, so please follow our news releases to make sure that you don't miss any further improvements!

If you have any questions about this news or any other aspect of our services, please don't hesitate to contact your account manager or our customer support team.

Kind regards,

Admiral Markets



UK Forex Awards, Admiral Markets — Best Forex Educators, 2016




Risk Warning

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.