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In the last article, we learned about what is CFD Trading and how it works. In this article, we will talk about CFD trading pros & cons and some of the well-known CFD crypto trading software platforms such as eToro, PrimeXBT, etc.
Let’s look at some pros and cons of CFD Crypto Trading.
eToro is by far the most popular social CFD trading software platform not only for cryptocurrencies but also for other assets like stocks and commodities.
With more than 5 million users, eToro provides regular news updates and makes portfolio management a lot easier. One of the advantages of being a social CFD trading platform is that if you want to copy successful crypto CFD traders, eToro facilitates that too through CopyPortfolios.
Read our eToro review.
In addition, PrimeXBT has the best UI/UX and provides leverage up to 1000x. It charges a nominal fee of 0.05%. More information on the fee and trading conditions can be found here.
Read our PrimeXBT review.
Capital.com is one of the emerging platforms for CFD crypto trading. It uses Proof of Identity and Proof of Address for opening an account.
With zero trading fees, Capital.com also provides an interactive charting feature along with portfolio management.
The leverage provided by them on Cryptocurrencies is up to 2x, and you can start trading with as little as $100. Capital also has a mobile app on both Android and iOS.
It provides leverage services, which can be 2:1(for EU residents) and 25:1(for non-EU residents). A user can trade crypto against fiat currency, which is not provided by exchanges.