Start Trading Cryptocurrency CFDs

A CFD (Contract for Difference) is a derivative of a financial product or a commodity price and is used for trading.

CFDs enable you to speculate on financial markets such as forex, indices, commodities, shares and cryptocurrencies without having to take ownership of the underlying assets.

Leverage is a trading mechanism to increase individual exposure to the market by allowing you to pay less than the full amount of the investment.

It is a perfect way of maximising profits by increasing purchasing ability, however it also comes with risks (as with anything in trading).

When trading crypto CFDs, you are not buying the underlying asset and therefor do not own the actual crypto asset - you are instead initiating a Buy or Sell contract on the current asset price.

Cryptocurrencies are generally considered to be a form of digital asset. When sold with a profit, such capital gains are generally subject to personal income tax, whereas if the digital asset is sold at a loss, such loss is not tax-deductible.

In contrast, Admirals Crypto CFDs are financial instruments, same like stocks or fund shares. Profits and losses in financial instruments can be counted against each other, thus making Crypto CFDs a tax efficient way to maintain exposure to underlying cryptocurrency markets.

No. You only need a funded trading account with Admirals to start trading CFDs and settle accrued profits or losses.

Review the Contract Specifications page for full details.