Advantages of Trading Ripple (XRP) CFDs with BITFINCORP
Go Long as Well as Short
Trade Ripple on Leverage
|Minimum Lots Size||0.1|
|Maximum Lots Size||10|
|Minimum Spread Value per Lot||10 USD|
|Initial Margin (Floating)||17.68 USD|
|Contract Value / Lot||88.38 USD|
|Trading Session Starts*||01:00:00 (Monday)|
|Trading Session Closes*||23:00:00 (Friday)|
The time zone on the trading platform is set to GMT+2 during Normal Time or GMT+3 during Daylight Saving Time (Greenwich Mean Time). For Quotes and Trade sessions, please refer to the product specifications on platforms for details.
Swap rates are subjected to periodic adjustments; please refer to product specifications on the MT4 trading platform for more information.
Min. Spread: The spread varies subject to market volatility.
Trading Hours: All stated trading times are in GMT+2 during Normal Time or GMT+3 during Daylight Saving Time (Greenwich Mean Time).
What is Ripple CFDs Trading?
Ripple was the undisputed star of the cryptocurrency market in 2017 as it rose by 30,000%. In fact, in December 2017 alone the cryptocurrency surged by over 1,000%.
Released in 2012 as a real-time gross settlement system, Ripple was one of the first cryptocurrencies that had a function apart from being a means of exchange or payment. Similar to Ethereum, Ripple is the name of the cryptocurrency platform, while the transactional protocol is known as XRP, just as Ether is to Ethereum.
What sets Ripple apart from other digital currencies like Bitcoin and Litecoin is that its transfer fees are significantly lower. Also, transfers are almost instantaneous, given that it does not need the usual confirmation time of other cryptocurrencies.
Ripple facilitates the transfer of all types of currency, whether fiat or digital, and the platform can be used for almost any type of exchange, even frequent flier miles!
The Ripple platform has gained huge popularity among traders because some of the biggest names in the financial industry, such as American Express, UBS, Santander, RBC, and Westpac, have shown interest in the project.
With BITFINCORP, you can take advantage of Ripple price movements in a secure and reliable trading environment, with leverage of 1:2, and excellent customer support. As Ripple CFDs are a leveraged product it is important to understand that any profits or losses will be magnified, and you should manage your risk accordingly.
Why Trade Ripple CFDs with BITFINCORP?
Trading the CFD of Ripple is one way of gaining exposure to this exciting project, without running the risks of having to purchase and store the digital coin yourself, or leaving your coins exposed at exchanges.
Ripple CFDs offer traders the opportunity to speculate on price movements, without owning the underlying digital currency. As you don’t hold the actual coin, you can speculate on rising or falling prices. In comparison to purchasing the underlying cryptocurrencies, CFDs are less hassle and allow for faster settlements.
You will also gain access to our very low Ripple CFD spreads, and can easily set up automated trading strategies to speculate on price movements in this leading cryptocurrency. Trade with complete peace of mind, in a secure environment that has trader interests as its top priority.