Leading global trading platform AxiTrader launches tighter spreads on cash CFDs

Leading global trading platform AxiTrader launches tighter spreads on cash CFDs

by Louise Uncategorized

One of the world’s largest brokers, AxiTrader, has just announced extra tight spreads on cash CFDs, offering one of the most competitive pricing structures in the market.

Contracts for differences (CFDs) allow traders to follow an asset price both up and down, with cash payments used for the differences in settlement, rather than physical goods or securities.

AxiTrader’s UK customers can now take advantage of the low spreads and incredibly competitive financing, which are available for cash CFD trades on the S&P index.

“The S&P can be very volatile, as recent fluctuations have demonstrated. As such, there’s a huge advantage to being able to trade both long and short as a cash CFD – it allows traders to benefit from that volatility. That’s why we felt the time was right to launch our exceptionally competitive cash CFDs offering.”

Louis Cooper, Global Head of Retail Services, AxiTrader

AxiTrader is offering 15 markets with promotional spreads, including the DAX at just 0.6 pips and the UK100 at 0.8 pips. The launch marks one of the lowest spreads that the leading trading platform has ever offered, and one of the most competitive prices on the market.

MT4 Symbol Instrument Description Spread
GER30 Germany 30 cash 0.6
UK100 UK 100 cash 0.8
EU50 EU Stocks 50 cash 1
US30 US 30 cash 1.2
US500 US 500 cash 0.3
FRA40 France 40 cash 0.8
HK50 Hong Kong 50 cash 6
IND50 India 50 cash 5
JPN225 Japan 225 cash 8
SG30 Singapore 30 cash 0.25
USTECH US Tech 100 cash 0.8
UKOIL UK Crude Oil Cash CFD 2.5
USOIL US Crude Oil Cash CFD 2.5
SPI200 Australia 200 cash 0.8
CN50 China 50 cash 10

 

“Cash CFDs are particularly exciting for spread betting, as traders are at present exempt from paying taxes on their profits with these accounts. With some of the lowest financing fees available on the market today, traders are able to enjoy maximum returns from the cash CFDs.”

Louis Cooper, Global Head of Retail Services, AxiTrader

At present, the tighter spreads and ultra-low financing for cash CFD products are available to AxiTrader’s UK customers. The innovative offering means that traders can use CFDs with confidence to make the market work to their advantage, no matter whether prices fluctuate up or down.

For further information, visit www.axitrader.com.

 

Investing in over-the-counter derivatives carries significant risks and is not suitable for all investors. You could lose substantially more than your initial investment. When acquiring our derivative products you have no entitlement, right or obligation to the underlying financial asset. AxiCorp is not a financial adviser and all services are provided on an execution only basis.

Bitcoin Traders Can Now Trade on Lows AND Highs!

Bitcoin Traders Can Now Trade on Lows AND Highs!

by Charlotte Ashton World
  • Traders shorting Bitcoin with CFDs now have an investment option for when they anticipate the value of the currency going down (AxiTrader)   
  • Spread Betting CFDs provide a way for many traders to reduce or eliminate tax on profits (AxiTrader)
  • New ways of trading Bitcoin reduce the stress of keeping the currency safe in digital wallets (AxiTrader)

Bitcoin trading has truly hit the mainstream, with a constant flow of news stories and global coverage. Dinner-table conversations about Bitcoin and other cryptocurrency were widespread and lively for many families over the recent holiday season.

Many of those chats clearly resulted in people choosing to get involved with cryptocurrency for the first time. This is something demonstrated by the fact that several crypto exchanges are struggling with verifying a backlog of new members, with some even temporarily blocking new sign-ups as reported in Business Insider.

Bitcoin traders old and new no longer only have the option of buying Bitcoin and hoping its value increases. New trading instruments for Bitcoin, such as CFDs (Contracts for Difference), well established in more traditional trading markets, are now emerging on the cryptocurrency scene, providing traders with more ways of getting involved, and new methods of making their investments.

“CFDs allow traders to trade based on the value of Bitcoin going down, as well it going up.”

 Sanjeev Joshi, Head of UK , AxiTrader

 

Plenty of the people entering the crypto marketplace for the first time are intimidated by the complexity of coin exchanges, transfer fees and digital wallets. Trading Bitcoin using CFDs eliminates much of this complexity, because the trader isn’t required to “own” the digital coin and be responsible for its safe electronic storage.

While some crypto traders attempt to make money when cyptocurrencies like Bitcoin fall in value (by selling at a perceived high and buying back in at a lower value), these strategies are increasingly thwarted by long transaction times and congestion on Bitcoin’s blockchain network. CFDs introduce a legitimate way to properly “short” the currency.

“Trading Bitcoin with a fully regulated global brokerage is an attractive alternative to learning the intricacies of how cryptocurrency exchanges – and coping with increasingly frequent delays and downtime.”

Sanjeev Joshi, Head of UK , AxiTrader

 

Trading Bitcoin via CFDs also allows traders additional leverage and profit potential. It’s possible to use 10:1 leveraging and trade ten times more Bitcoin than with physical trading. While leverage can be a great tool to multiply returns, it can also work against traders by multiplying losses. The volatile nature of cryptocurrency makes it all the more important for investors to be aware that leverage is a double-edged sword.

The best part for many traders is the tax implication, especially as many individuals begin to discover the realities of capital gains tax in the wake of celebrating their profits. In some countries, CFDs are treated differently from physical trading, resulting in serious savings. Financial advisors can advise on tax laws in individual jurisdictions.

For the many people seeing real financial gain due to Bitcoin trading, the opportunity to hold on to an additional 20% (or more) of the money they make will be the icing on the cake.

“With no GST tax in Australia on Bitcoin CFD earnings, and no capital gains tax on spread betting in the UK, a great many people can keep far more Bitcoin profit by trading with CFDs.”

 Sanjeev Joshi, Head of UK , AxiTrader

 

For further information, visit www.axitrader.com

 

Investing in over-the-counter derivatives carries significant risks and is not suitable for all investors. You could lose substantially more than your initial investment. When acquiring our derivative products you have no entitlement, right or obligation to the underlying financial asset. AxiCorp is not a financial adviser and all services are provided on an execution only basis.