Cryptocurrency Trading in the UAE
Get started as a crypto trader in the UAE with FXOpen and trade the world's most popular cryptocurrencies – including Bitcoin and Ethereum. Sign up to our crypto trading platform now.
Open a crypto trader accountFXOpen: The expert cryptocurrency trading platform
With FXOpen, why not apply your trading skills and experience to the crypto market? With tight spreads and deep liquidity, you get the chance to trade more than 40 cryptocurrency CFD markets – with up to 1:10 leverage (for those clients classified as Professional Clients only) on our crypto trading platform. Test your strategy and diversify your portfolio with 24/7 trading at home or on the move with FXOpen.
Advantages of cryptocurrency trading in the UAE with FXOpen
Trade cryptocurrencies with leverage
Trade cryptocurrency CFDs at FXOpen with up to 1:10 leverage (for those clients classified as Professional Clients only).
One platform with multiple instruments and markets
Build your portfolio any way you choose. In addition to the crypto market, our dynamic platform enables you to trade forex, indices, commodities, and share CFDs in one single place.
Your investment is fully safe and secure
We're fully authorised and regulated by the UK's Financial Conduct Authority, so all clients worldwide can have complete trust in the security of their deposits.
Invest in cryptocurrencies straight off the charts
With our crypto trading platform, you can place three types of order: market, limit, and stop. It's all due to the multiple manual trading options that we offer to all our crypto traders.
Automatic crypto trading with ready-to-go scripts
Download and use ready-made scripts for automated cryptocurrency trading. You can also create your own scripts and ensure trades are made when and how you want them to be.
Insights and analysis to inform your decisions
We want you to be confident in your crypto trading. That's why we provide more than 50 built-in indicators and graphic tools for the insights, market news, and analysis you need.
Your introduction to cryptocurrency trading
For years, traders have taken positions on the direction of the foreign exchange (forex) market. This is driven by movements in the value of global currencies, such as the US Dollar or the Euro. More recently, however, an alternative has emerged: crypto trading.
The growing popularity of Bitcoin and other cryptocurrencies has created new and exciting opportunities. Using CFDs, traders can take a position on price movements in the crypto market – all without owning the underlying asset.
As with forex, there are numerous cryptocurrency pairs to trade using CFDs. These digital currencies aren't considered to be legal tender compared to government-issued fiat currencies. Crypto is, however, changing the trading landscape. And you can invest with leverage now.
How to trade cryptocurrency using CFDs
Using CFDs, take the first steps into the crypto market with just a fraction of the capital required. You'll gain full exposure to a market that's highly volatile.
Much like forex trading, cryptocurrency trading is done in pairs. With a CFD, you are agreeing to exchange the difference in the price of a cryptocurrency between opening and closing positions.
Opting for a long position can lead to profits if the chosen cryptocurrency's value rises, while a short position can result in gains if the value goes down. It's crucial to recognise that, like any investment, there is the risk of losses. Our trading platform empowers you to maintain control over your trades at all times.
Here's an example of how to trade cryptocurrency as a CFD:
Trader A chooses to trade Bitcoin (BTC) against the Dollar (USD) – BTC/USD.
The current price quote is 46,700 / 47,700.
Trader A predicts the BTC value will increase, buying 1 lot at 47,700.
Trader A's exposure is 47,700.
BTC's value increases to a price quote of 52,400 / 53,400.
Trader A closes the position by selling 1 lot at 52,400.
Before charges and commission, Trader A makes a gross profit of $4,700.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 60% of
retail investor accounts lose money when trading CFDs. You should consider whether you understand how
CFDs work and whether you can afford to take the high risk of losing your money.
Looking to start capitalising on new opportunities with one of the best crypto trading
platforms
online?
Open your
free FXOpen account today.
Becoming a crypto trader in the UAE with FXOpen: What you need to know
If you believe cryptocurrency trading in the UAE offers you the best opportunities, you need to be alive to the risks. As with all forms of trading using CFDs, you are fully exposed to the market and, as a Professional Client, you could stand to lose all of your initial crypto investment.
One of the unique features of the crypto market is its volatility, which can be extreme. Trading with leverage in markets of this nature means that your losses may be rapid. In order to safeguard your portfolio, it’s important to never risk more than you can afford to lose.
It is also crucial to be clear on how both the crypto market and CFDs work. You can check out the FXOpen Knowledge Base for more information and insight.
The crypto trading platform for expert traders
At FXOpen, our unique price aggregation makes us one of the best cryptocurrency trading platforms for expert traders. Our Electronic Communication Network (ECN) accounts deliver the most cost-effective form of trading and offer access to the most favourable market conditions.
We have Expert Advisors on hand to support crypto traders in the UAE, while scalping and hedging are also possible thanks to our ECN technology. Please don’t hesitate to get in touch with us if you'd like to find out more.
Features of our crypto trading platform include:
- Floating spreads
- 1:2 leverage
- 30% margin call
- 24/7 trading time
- 0.01 lot minimum transaction size (no maximum)
With FXOpen, your trading won't be restricted to just one instrument. When you open an account you can diversify your portfolio as you see fit. As well as crypto markets, we offer trading opportunities in forex, stocks and shares, global indices and commodities.
FXOpen puts you in control of your cryptocurrency trading. And you can get started today.
How safe is cryptocurrency trading?
It's worth bearing in mind that there are some risks that are unique to the crypto market.
- Digital: Cryptocurrencies exist solely in the form of digital codes and there are no tangible assets to own. The foundation of these currencies are types of database called blockchain. Encryption offers a significant amount of protection, but security threats remain.
- Regulation: As crypto trading grows in popularity, regulation has struggled to keep pace. Many countries don't regulate their use or consider them to be legal tender. In the UK, the FCA has deemed crypto products as being only suitable for professional clients – not retail clients.
- Volatility: The crypto market is arguably the most volatile market and fluctuations in price from one moment to the next can be sudden and dramatic. This can magnify your profits, but it can also have the same effect on your losses.
Are there different types of cryptocurrencies?
The likes of Bitcoin and Litecoin provide a digital alternative to fiat – or payment – currencies. Others, such as Ethereum, are 'altcoins'. Rather than being used as a way to pay for things, it's a platform on which you can create blockchain apps or new tokens.
Other cryptocurrency types can help users exchange crypto assets or manage personal data.
With FXOpen, you can trade more than 40 cryptocurrency CFDs. Bitcoin and other options such as Litecoin or Ethereum are perhaps the best known, but our crypto trading platform also offers pairs including EOS, Ripple (XRP), and Dash.
Open a crypto trader account
Why start trading the crypto market?
Liquidity is another reason to trade crypto with FXOpen using CFDs. Our crypto trading platform takes its prices from numerous exchanges. As such, we can offer competitive spreads and quick execution. For traders looking for rapid gains, that can make all the difference.
Don't forget, as a crypto trader in the UAE with FXOpen, you can access the markets all day, every day. With the MT4 platform, you can do that on any device and from any location too.
Trading the crypto market: Factors to watch out for
- Supply and demand: The price of cryptocurrency can rise sharply if demand outstrips supply. If there is a surplus supply, the price will fall.
- Regulatory decisions: Countries are still grappling with how to regulate crypto. Some are even banning it outright.
- Fiat currency markets: Much like some fiat currencies can impact the value of others, they can also drive the price of crypto up or down.
- Press and media: News reports can heavily influence confidence in crypto, whether it's positive or negative.
- Technology and infrastructure: It's not all about the security of crypto exchanges. As crypto integrates with more payment systems, its value will increase.
Make crypto trading work for you with FXOpen
After opening your cryptocurrency trading account, it's time to choose the trades you want to make. With a range of tools and features at your fingertips, you'll have the best information to hand.
Other factors that can help you succeed as a crypto trader in the UAE include the timing of your transactions and keeping track of your current open positions. You should always be 100% sure what your current exposure is. Otherwise, a small loss could soon start to accumulate.
How much does it cost to trade crypto?
For more details, consult our Knowledge Base.
A swap charge is applied on crypto trading accounts for clients who move their positions to the next trading session. This is 10% per annum of the value of the open position.
At FXOpen, we're always here if you need further support – feel free to contact us with any queries or concerns you have. Our live chat service is open from 6am to 6pm, five days a week too.
Important: At FXOpen UK, Cryptocurrency trading via CFDs is only available to our Professional clients. They are not available for trading by Retail clients. To find out more information about how this may affect you, please get in touch with our team.