Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
Spread bet or trade CFDs on popular cryptocurrencies, including bitcoin, ethereum and litecoin, as well as our unique range of crypto indices. These are high-risk speculative products. High volatility combined with leverage could lead to significant losses.
There are a number of benefits to becoming a crypto trader with us.
Tax-efficient trading1
There’s no capital gains tax
on profits from crypto spread bets and no stamp duty to pay when trading CFDs.
Go long or short2
Take a long or short position on your chosen cryptocurrency, and trade on rising or falling prices.3
Trade with leverage
Deposit 50% of the full value of your position to open a crypto trade.4
A regulated provider
CMC Markets UK is regulated by the Financial Conduct Authority (FCA), registration numbers 173730 and 170627.
Established company
Easily deposit or withdraw funds, and avoid the worry and hassle of dealing with an unfamiliar cryptocurrency exchange.
Award-winning support5
Speak to a member of our Client Management team 24 hours a day, from Sunday evening through to Friday evening.
1Tax treatment depends on individual circumstances and can change or may differ in a jurisdiction other than the UK. 2Please note, we may, at our sole discretion, restrict your ability to go long or short. 3Learn more about cryptocurrency risks 4When trading using margin any losses will reflect the full value of the position. 5Awarded Best Telephone Customer Service & Best Email Customer Service, based on highest user satisfaction among spread betters, CFD and FX traders, Investment Trends 2019 UK Leverage Trading Report.
Giving crypto traders an edge
Continued investment in our HTML5 platform and mobile apps has been recognised through a number of industry awards, including Best Platform Features and Best Mobile/Tablet App, among spread betters, CFD and FX traders, in the 2019 Investment Trends UK Leverage Trading Report.
Create custom chart
templates, save indicator settings and quickly organise charts to
fit
your trading screen(s) exactly how you like.
12 different chart types
Use popular line, OHLC and candlestick charts, to more advanced charts such as kagi, line break and renko.
Dozens of charting tools
Get over 35 drawing tools to
help you identify market structure and over 100 overlays, studies and
inbuilt pattern scans including Bollinger Bands®, SMAs, ichimoku clouds,
MACD, RSI, wedge patterns, double tops and many more.
Trade directly from charts
Easily place and close
trades, or edit stop-loss and take-profit levels directly from your
charts. You can also display, modify or close any pending orders.
Chart forum community
Discuss and share chart
analysis, trade setups and commentary from our analysts and other CMC
Markets traders, helping you to identify potential key moves and
patterns in the markets.
Award-winning iOS/Android apps
Trade and
manage your orders
anywhere. Enjoy live streaming prices, live charts, advanced order
ticket functionality and more.
Customisable dashboard
Tailor your dashboard to suit you and your trading strategy. Simply resize, reposition or remove tiles and monitor the markets that matter to you.
Topical watchlists
Quickly see which instruments are experiencing significant movement. You can view the most traded instruments from the last seven days, hot products (based on recent trade volume), price movers and more.
Get instant notifications
Set up price, execution, market calendar, breaking news and price-mover alerts using the notification centre. Receive alerts in-app, or via push, SMS or email, so you never miss an important market event.
Secure fingerprint login
Quickly access your account and the markets, along with the reassurance that your account is always secure.
Client sentiment analysis
See the
percentage of CMC
Markets clients who have bought versus the percentage who have sold on a
particular instrument. It’s updated every minute so you can gain an
understanding of other clients' expectations.
Powerful pattern recognition scanner
Scan over 120
of our most
popular instruments every 15 minutes for emerging and completed chart
patterns such as wedges, channels and head and shoulders formations.
Real-time market news
Monitor
market-moving events
in our real-time economic calendar and get live financial market news,
all within our platform (powered by Reuters). Share traders can also
access Morningstar research to help make more informed investing
decisions.
Intelligent watchlists
Create customisable watchlists that automatically sync across devices. Mobile app watchlists will also save your chart analysis to your device for future reference.
Advanced product search capabilities
Uncover new
opportunities by
filtering instruments based on performance and volatility measures over
multiple timeframes, by type, country or sector.
Multiple order types
Manage risk
on every trade
using flexible order placements. Set up default stop-loss and
take-profit orders, trailing stops, partially close-out trades and more.
You can also create guaranteed stop-loss orders for 100% certainty that
your stop-loss will be executed at the exact price you want, regardless
of market volatility or gapping.
Advanced order features
Use boundary
orders to
control slippage in volatile markets, our price ladder to fill large
orders, trade using unrealised profit and go long and short
simultaneously on the same instrument.
Real-time execution alerts
Receive
platform pop-ups and
get alerts emailed to you, sent by SMS, or pushed to your mobile device
when important price levels you’ve set up are breached or your pending
orders are triggered.
Flexible account close-out methods
Market
volatility and rapid
changes in price can cause your account balance to change quickly. We
give you the ability to choose a preferred close-out method in our
platform in the event that your balance falls below the close-out
level.
Competitive cryptocurrency costs
Trade on the price of popular cryptocurrencies against the US dollar, via a spread betting or CFD trading account. View the spreads and margin rates below. Trading hours for all cryptocurrencies are from 11pm Sunday to 9pm Friday.
Learn more about trading cryptocurrencies
with CMC Markets. Can’t
find what you’re looking for? Get in touch
Pricing and costs
How much does it cost to open an account?
There’s no
cost when opening a live account. You can also
view prices and use tools such as charts, Reuters news or Morningstar quantitative
equity reports free of charge. You’ll need to deposit funds in your account
to place a trade.
What is the minimum trade size on cryptocurrencies?
You can spread
bet from £0.10/point on NEO, £0.05/point on bitcoin and £1/point on ethereum. You can
see the minimum trade size for all instruments on
the platform,
in the ‘Product Overview’ under ‘Betting and Position Limits’.
What are the costs of trading on cryptocurrencies?
There are a
number of costs to consider when spread betting or trading CFDs on cryptocurrencies,
including
spread costs, holding costs (for trades held overnight – this is essentially
a fee for the funds we ‘lend you’ to cover the leveraged portion of the
trade), rollover costs and guaranteed stop-loss order charges (if you use
this risk-management tool).
The
spread is the key cost involved in spread betting,
and is the difference between the buy and sell price of an instrument.
The narrower the spread, the better value you receive, because the market
only has to move slightly in your favour to offer the possibility of a
profit on your trade.
Some trades
held open past the end of the trading day (5pm, New York time) are subject to
overnight holding costs, which can be positive or negative depending on your trade
direction and the applicable holding rate. Daily holding costs for Bitcoin/USD are
charged at 0.0959% on long positions, and
paid at 0.0274% on short positions.
Overnight holding costs for most other cryptocurrencies are charged at
0.0753% on long positions, and paid at
0.0274% on short positions.
Margin rates
on cryptocurrencies start from 50%. Margin rates show the percentage of the total trade
value that you need to put forward to open a position.
Products and accounts
What the risks of trading on cryptocurrencies?
Cryptocurrencies can be particularly susceptible to volatility, so it’s important to
understand the risks before you start trading. Learn more about the risks involved in trading on
cryptocurrencies.
Why spread betting?
Spread betting
allows you to trade tax-free on a wide range of financial
markets 24 hours a day, from Sunday nights through to Friday nights. Trade
on your phone, tablet, PC or Mac on a wide range of instruments using leverage.
Tax treatment depends on individual circumstances and can change or may
differ in a jurisdiction other than the UK.
What is leveraged trading?
One of the
advantages of spread betting is that you only need to deposit
a percentage of the full value of your position to open a trade, known
as trading on leverage. Remember, trading on leverage can also amplify
losses, so it’s important to manage your risk. Learn
more
Is CMC Markets regulated by the FCA?
Yes, CMC
Markets plc (registration number 173730) and CMC Spreadbet plc (registration number
170627) are fully authorised and regulated by the Financial Conduct Authority (FCA) in
the UK. Retail client money is held
in segregated client bank accounts and money held on behalf of clients
is distributed across a range of major banks, which are regularly assessed
against our risk criteria.
Is CMC Markets covered by the FSCS?
Yes, your
eligible deposits with CMC Markets are protected up to a total
of £85,000 by the Financial Services Compensations Scheme (FSCS), the UK’s
deposit guarantee scheme. If CMC Markets ever went into liquidation, retail
clients would have their share of segregated money returned, minus the
administrators’ costs in handling and distributing these funds. Any shortfall
of funds up to £85,000 may be compensated under the FSCS.
What can I trade?
You can spread
bet or trade CFDs on 12 individual cryptocurrencies including bitcoin, bitcoin cash, ethereum, litecoin and ripple, plus a number of
other alternative
coins. You can also trade on one of our three custom crypto indices, which
offer you the opportunity to take a view on a basket of cryptos in one trade. Our crypto
indices are All Crypto Index, Major Crypto Index and Emerging Crypto Index.
In addition to
digital currencies, you can also trade on a huge range of other markets:
300+ forex pairs – EUR/GBP, EUR/USD, AUD/USD,
GBP/USD,
USD/JPY and more
80+ indices – UK 100, Germany 40, US 30, US SPX
500, Australia 200 and more
100+ commodities – including Gold, Brent and West
Texas crude oil, Silver, Natural Gas
9,000+ shares – Apple, Netflix, Lloyds, Rio Tinto,
BP, Tesco, Amazon, Google and more
50+ treasuries – including UK Gilt, Euro Bund, Euribor,
US T-Bond, US T-Note 10 YR
*A minimum spread is the lowest spread that will be shown on the given instrument. If the underlying market spread widens throughout the trading day, or you are trading out of hours, the platform spread may also widen. The spreads shown are for the first price available for the average market trade/bet sizes in the relevant instrument. The spread will widen for larger trade/bet sizes; see our platform for more information.
**Spreads, commissions and margins (as applicable) are provided for information only. Please refer to the product overview area of our trading platform for the most up-to-date information including trading hours and spreads.
