ICM Capital Adds Bitcoin to CFD Offeringbr>
Retail forex broker ICM Capital has added bitcoin to its contracts-for-difference (CFD) trading.
ICM Capital is a UK regulated online trading company. With headquarters in London, and offices in the Middle East, North Africa and Asia.
Crypto CFDs are used by traders and investors for a number of reasons, notably for hedging and speculative purposes. With bitcoin’s sudden movements in price, physical buyers of the cryptocurrency can hedge their exposure and manage their downside risk by using CFDs, as they allow both long and short trades.
Bitcoin CFDs are traded with ICM Capital on the MetaTrader 4 (MT4) trading platform. The minimum deposit requirement for the instrument is $200 and the margin requirement is 10%. The minimum lot per trade is 0.10 and the spread is floating.