Governance

TopMax Global now offers all traders the opportunity to trade a wide range of the top ranked digital coins 24/7. Unlike other asset classes (FX, Equities, Commodities, etc.), cryptocurrencies have become well known to most investors as a popular investment option.

With Cryptocurrencies, the main purpose of this new technology is to allow people to buy, trade, and invest without the need for banks or any other financial institution, no central bank intervention, interbank dealers controlling order flow or giant pension funds moving prices. Cryptocurrencies are highly volatile and can be profitable to any trader’s portfolio. Price movements on Cryptocurrencies like Bitcoin or Ethereum are driven primarily by news and prevailing sentiment, i.e. the fear and greed of retail speculators. These sometimes dramatic shifts can lead to massive intraday price swings, making Cryptocurrency an exciting product for aggressive and experienced day traders.

Why trade cryptocurrencies with TopMax Global

TopMax Global offers competitive spreads, with low commissions charged on transactions making it more profitable. When trading with TopMax Global you are trading on the price changes of the digital coin, and not physically purchasing it. Trading with TopMax Global ensures that you will trade with a 100% reputable broker. More reasons to trade cryptocurrencies with TopMax Global today are:

  • Start trading with as little as $100
  • Benefit from a wide range of top traded cryptocurrencies on the market
  • Competitive swap rates
  • All pairs can be shorted
  • Around the clock service and support in multiple languages
  • Live quotes and charts for your reference
  • Various trading platforms for all level traders

There are two ways to deal cryptocurrencies: buy them in the hope of selling them on at a profit, or speculate on their value without owning them via CFD trading.

To trade CFDs on cryptocurrencies, you’ll need to:

  • Create an account

    As a CFD trader, you won’t need an account with a cryptocurrency exchange, or a wallet to store your tokens. Just an account with a leverage provider.

  • Do your research

    Cryptocurrencies may be free from many of the factors that influence traditional currencies, but you need to make sure you know your market.

  • Apply your strategy

    Settling on a trading strategy depends on your goals and preferences, and deciding which is right for you is key to your long and short-term success.

  • Place a trade

    Enter your position size, define your close conditions and click ‘buy’ if you think the cryptocurrency will rise in value, or ‘sell’ if you think it will fall.

  • Close your position

    Once you’ve reached your target – or decided it’s time to cut your losses – you’ll close out your position by reversing your original action: so if you bought, you sell, and vice versa.

Keep in mind that as CFDs are leveraged products, you’ll only ever need to put down a small deposit to gain exposure to the full value of the trade. This means your capital goes further, but you also stand to lose more than your initial outlay.

How can I deal on cryptocurrencies?