IC Markets offers CFD bitcoin trading
Online foreign-exchange and CFD trading provider IC Markets has become the latest retail broker to offer bitcoin trading. Traders can go long or short bitcoin with leverage of up to 20:1.

IC Markets, an online provider of foreign exchange and CFDs trading, has become the latest broker to add Bitcoin (symbol BTCUSD) trading to its platform. The growing popularity of cryptocurrency trading is prompting retail brokers to add Bitcoin to their range of tradable instruments over the past few months.

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The move comes at a period when Bitcoin has been gaining more and more popularity in the trading world. Its price skyrocketed as daily Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term remained attractive for traders. The price of Bitcoin has risen from just below $1000 at the beginning of the year to over $4200 as of writing.

The Bitcoin network did face a challenge at the beginning of this month when it split into two separate blockchains. After the challenge was overcome, the cryptocurrency remained unscathed and the increasing confidence of traders and investors in this market pushed its value to new all time highs.

Bowing to the growing popularity of Bitcoin, brokers have started adding cryptocurrency trading to their platforms and IC Markets has become the latest to follow suit. Bitcoin is offered as a CFD, which means that there would not be physical delivery of Bitcoins as in an exchange deal. IC Markets also offers Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term of up to 1:20 on Bitcoin trading.

The Director of IC Markets, Angus Walker, commented: “We’re pleased to be giving investors the opportunity to go long or short Bitcoin with an Australian owned and regulated broker. This allows traders to focus on their trading instead of the risks and complexities of using an unregulated Cryptocurrency exchange.”

With this addition, IC markets hopes to capture some of the cryptocurrency's trading volume, that has seen an explosive growth both in price and market cap over the last few months.