Frequently Asked Questions About Bitcoin Trading
Q : Is trading Bitcoin CFD the same as buying and keeping coins on my wallet?
A : Not exactly. Traditionally, you would buy Bitcoins at a certain price and then keep that position open until you see a good time to close it and secure your payouts. With Bitcoin CFD trading you can select to sell BTC/USD CFD as well. For example, you could trade even when Bitcoin price goes down. We also do not limit the daily amount of trades which is what most day traders tend to like.
Q : So it is possible to benefit even if BTC price will go down?
A : It depends on the direction you have selected to trade. If you are selling BTC then yes. If you are buying BTC and the price goes down then you are losing.
Q : Can I use leverage while trading bitcoins?
A : Yes, we provide the standard leverage for Bitcoin trading. The margin requirement for this instrument is 10% of the value of the contract. Please note that while trading with leverage can work in your favor, it can also work against you and cause higher losses.
Q : What differentiates HYCM from other companies that provide similar services?
A : HYCM is a division of the Henyep Capital Markets Group, a leading global corporation with a diversified portfolio of businesses that span across three continents. With over 40 years of operational history and under the leadership of a visionary management team, Henyep has become synonymous with professional and quality services.