What are CFDs on Virtual Currencies?
CFDs on Virtual Currencies (VCs) or Virtual Money, or also know as CFDs on Cryptocurrencies, are a digital representation of value that is issued and controlled by its developers, and used and accepted among the members of a specific (virtual) community. It is relying on trust in the community and not issued by a central bank or other banking authority.
CFDs on Cryptocurrencies are taking the financial markets by storm and Bitcoin and Ethereum are leading the pack. The revolutionary underlying blockchain technology is starting to take hold around the world. CFDs on Cryptocurrencies are digital assets that allow for secure financial transactions to take place over the Internet without banks or government involvement.
Now you can take advantage of the incredible CFDs on Cryptocurrencies trading opportunities on Tradeo.
Trading in CFDs on Virtual Currencies involves high risk. VCs are complex, they can widely fluctuate and can result in significant losses in a short period of time. This product may not be appropriate for you, if you do not have the relevant knowledge. There is no specific EU regulatory framework governing such products and these are not covered by MIFID. There is no protection under the investors compensation fund for these products and cannot be reported to the Cyprus Financial Ombudsman.