⭐ Crypto-based Account Forex Brokers
Crypto-based account = account where cryptocurrency is the base currency
- Forex brokers with Crypto Accounts are not always the same as Forex brokers that accept Crypto deposits
- Forex brokers with Crypto Accounts allows Cryptocurrency as the Base currency
- Forex brokers with Crypto Deposits might only allow funding with cryptocurrencies, which will then be converted to other base currencies
Crypto-based account = account where cryptocurrency is the base currency ...read more
- Forex brokers with Crypto Accounts are not always the same as Forex brokers that accept Crypto deposits
- Forex brokers with Crypto Accounts allows Cryptocurrency as the Base currency
- Forex brokers with Crypto Deposits might only allow funding with cryptocurrencies, which will then be converted to other base currencies
BTC/USD trade example: with/without leverage?
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WITH 100:1 LEVERAGE Let's buy 10 Bitcoins at the price of $10,000 each. Trading order total = 10 x $10,000 = $100,000 Applying 100:1 leverage, the actual price paid for this trade would be $1000, which is 1% of the $100,000 traded. Out profit, if BTC/USD rises to 3%, is $3000. Not bad, considering that we put only $1000 into this trade. That is the power of 100:1 leverage being used for buying BTC/USD. |
NON-LEVERAGED Let's buy 10 Bitcoins at the price of $10,000 each. Trading order total = 10 x $10,000 = $100,000 Without leverage, we are required to pay the entire $100,000 sum to make this trade possible. Out profit, if BTC/USD rises to 3%, is also $3000. |
Same profit results, drastically different capital requirements!
...As always, don't forget it's a double-edged sword: a 3% fall for BTC/USD would mean $3000 loss.
Trade smart, use leverage to your advantage, and don't overtrade on leverage!
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