GKFX now offers trading with bitcoins via its trading platform. GKFX is also responding to the growing interest in the cryptocurrency, the rate of which recently rose to over € 5,000 for the first time. Bitcoins have been known for almost ten years and are still a payment system that is independent of central bodies and that is controlled only decentrally by its users. The currencies are based on blockchain technology, in which all transactions are stored. Bitcoin, like all currencies , is affected by price fluctuations and is considered to be more volatile than physical currencies. Therefore, trading in bitcoins can be very lucrative.
Innovative Bitcoin trading with CFDs
Since GKFX is always keen to offer its customers new and attractive trading options, leveraged trading in CFDs on bitcoins is now also included in the program. To do this, the broker quotes Bitcoin CFDs against the euro and the dollar. The result is the two products BTCEUR and BTCUSD. So when bitcoins are bought, euros or dollars are also sold. Traders who are now betting on a long position will receive a profit if the Bitcoin price rises. If the price falls, the trader has to accept a loss. Traders can also participate in falling prices with CFDs, which is not possible with a direct investment.
Spreads from eight euros
The minimum trading size for Bitcoin trading is 0.1 lot. With BTCEUR the spread is eight euros per lot, with BTCUDS accordingly eight dollars. A lot is typically ten euros or dollars. The security deposit is 20 percent. Trading can take place from Sunday at 11:05 p.m. to Friday at 10:55 p.m. There is a short break every day between 11 p.m. and 11.05 p.m.
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Digital currency in the network
The virtual currency Bitcoin is about Open source software is created and managed decentrally in a network of computers. People from all over the world can buy services and goods or exchange bitcoins for other currencies via online exchanges. More and more companies are accepting the payment method. For some time now, brokers have also offered the opportunity to trade in bitcoins and other cryptocurrencies.
If you want to make payments via the Bitcoin network, you can set up a digital one Wallet on. Every transaction takes place via the blockchain. Established currencies are issued in physical form by central banks. Instead of printing banknotes, bitcoins are produced using cryptographic processes and only exist as mathematical forms l. In theory, every user with computer power can participate in the production of bitcoins, the so-called mining. The maximum number of bitcoins is limited to 21 million.
Bitcoins known since 2008
It is probably no coincidence that Bitcoin was created in 2008 at the height of the global financial crisis. At that time, trust in foreign exchange and banks declined significantly. A counterfeit-proof, democratic currency without state influence was therefore created. However, the first ideas for such a currency were already ten years earlier.
$ 5,000 mark passed
When a Bitcoin was initially worth less than a dollar, today the bitcoin exchange rate is over $ 5,000. In 2011, users started negotiating exchange rates among themselves, which were in the single-digit dollar range. However, the currency remains very volatile. Even a small message can drop the course. When JP Morgan's boss recently spoke of fraud related to bitcoins, the price went straight down, but recovered within four weeks. Other events such as the bankruptcy of the well-known Bitcoin exchange Mt. Gox in February 2014 also had a strong impact on the price. In October 2013, a Bitcoin was worth more than 5,000 euros for the first time, but the price then fell again. However, the price has been rising steadily since the beginning of 2017.
Trade des Tages - Bitcoin jetzt auch in kleineren Timeframes möglich
GKFX - international broker
In addition to its headquarters in London, GKFX has branches in numerous other countries. This enables individual contact between customers and companies. Customer service at the German branch in Frankfurt is available for questions about trading and the trading platform. In addition to the British financial regulator, other financial authorities such as BaFin or ASIC in Australia control the broker. The requirements that the company must comply with include the separate storage of company and customer funds.
GKFX - known as CFD and Forex broker
Above all, the wide range of foreign exchange makes GKFX an attractive broker. In addition, traders have the choice between several trading platforms. GKFX is also very popular due to its numerous webinars with professional speakers. Beginners will also find many introductory tutorials in the training offer. Again and again, GKFX also offers events with experienced traders in different cities.
Spreads and leverage vary
The maximum leverage is 1: 400, the spreads vary and are, for example, 1.5 pips for the currency pair EUR / USD. All fees are charged in the form of spreads, which vary depending on the trading instruments. In forex trading, which is possible around the clock, the minimum trading size is 0.1 lot. In addition to the known major currencies, GKFX also offers some exotic currency pairs. In CFD trading, traders can choose between stocks and indices such as the DAX 30, whose trading hours at GKFX were extended a few months ago.
Several account models to choose from
Traders have the choice between several account models at different conditions when opening an account. With a demo account, beginners can gain initial trading experience. The demo account can initially be used for 30 days. However, if you have a live account, you can continue to use the demo account indefinitely.
MetaTrader 4 with extensions
In addition to MetaTrader 4, GKFX also offers the web trader, the mobile trader and MyFX with many extensions to MetaTrader 4. Among other things, traders can also trade automatically here via the Expert Advisor. Functions such as one-click trading are available in the extension. Who decides to trade via the webtrader does not have to download the trading platform. The data transmission takes place via secure SSL encryption. Traders can access their trading account via Mobile Trader.
GKFX now also offers its customers CFD trading in bitcoins on. Bitcoin is still the number 1 cryptocurrency. In October 2017, the value of a bitcoin exceeded $ 5,000 for the first time. Due to the high susceptibility to price fluctuations high returns can be achieved with bitcoins.
Now the test winner Plus500 and trade