Cryptocurrency trading

There's no cost when opening a live CFD trading account. You can also view prices and use tools such as charts, Reuters news or Morningstar quantitative equity reports, free of charge. However, you will need to deposit funds in your account to place a trade. You can find out more about the costs of placing a trade here

Yes, CMC Markets NZ Limited is regulated by the Financial Markets Authority (‘FMA’) for the provision of derivative products, FSP41187.

As a CMC client, your money is held separately from CMC Markets’ own money and is held on trust in a segregated client bank account with a registered bank in New Zealand in accordance with the Financial Markets Conduct Regulations. We do not use client money to hedge our positions or to meet the trading obligations of other customers. The holding and disbursing of client money is in accordance with applicable law; as such, your money is protected with us.

Our automated pricing engine collates and checks thousands of prices per second, streamed from our liquidity providers. The most representative price is then used to create the quotes on our platform. Our pricing on cryptocurrencies are based on the underlying market.
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Our income primarily comes from our spreads, while other fees, such as overnight holding costs, make a minor contribution to overall revenue. Our aim is to build long-term relationships by providing the best possible trading experience through our technology and customer service.

A cryptocurrency is a type of digital money created from code. They function autonomously, outside of traditional banking and government systems.
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Cryptocurrency trading is the process of speculating on a digital currency’s price movements. Exposure to cryptocurrencies’ price movements can be achieved without owning the asset via a CFD trading account, or can be bought and sold on crypto exchanges.
See our cryptocurrency trade examples.

There are a number of costs to consider when trading CFDs on cryptocurrencies, including 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) and guaranteed stop-loss order charges (if you use this risk-management tool).
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One of the advantages of trading CFDs 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 amplify profits and losses, so it’s important to manage your risk.