Why TMGM is the right broker for CFD crypto trading

First, TMGM is one of the CFD industry's safest, most transparent, and most trustworthy brokers. We meet the stringent requirements needed for accreditation by the regulating body in New Zealand (FMA).

TMGM offers unlimited access to cryptocurrencies. You can trade 24 hours per day, seven days per week, without interruption. We offer 24-hour customer support, so you can have questions answered, and problems solved regardless of your trading schedule.

We offer reasonable leverage for traders. You can use up to 1:20 leverage on crypto markets. This ratio gives you enough to take advantage of market swings with limited capital without exposing yourself to volatility risks that could put your account into a negative balance. Contact TMGM today to learn more about our CFD crypto trading services.

Frequently Ask Question

CFD crypto trading involves using contracts for difference to track cryptocurrency markets. The setup is similar to forex trading, with traders using CFDs that track crypto pairs like BTC/USD or ETH/USD.

With CFDs, you do not need to hold the cryptocurrency. Instead, you agree to pay or accept the difference in price between when you open the position and when you close it.

No, when you engage in CFD crypto trading, the contracts track the price of spot crypto markets but do not convey ownership.

With this arrangement, you can trade the markets without worrying about the headache of holding cryptocurrency, which requires online wallets, complex digital addresses, and careful security.

There are several advantages to trading crypto CFDs with TMGM. Here are some reasons our customers enjoy our service:

  • Since you trade contracts and not the actual currency, you do not need to hold your Bitcoin, Ethereum, or Ripple in a digital wallet. You can simply focus on reading the market rather than dealing with all other distractions.
  • You also avoid the fees associated with sending the digital currency to your wallet and the security concerns of holding it.
  • CFDs allow you to use leverage to increase your position size without the upfront capital.
  • You can open an account with MetaTrader 4. You can trade crypto CFDs using advanced charts and customised indicators and take advantage of state-of-the-art order processing and back-testing features.

The best currency for CFD crypto trading depends on your goals, strategies, risk tolerance, and trading style.

Two options stand out if you care about liquidity and trading volume: Bitcoin (BTC) and Ethereum (ETH). These two can experience a high degree of volatility, but you can also find a wealth of data and analyses to inform your trading. Other choices, like Ripple (XRP), are slightly less volatile, but you need to use leverage to take advantage of smaller market movements.
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