Cryptocurrency trading does attract the attention of many people. Currently, thousands of new cryptocurrencies are being launched, and not all of them bring apparent profitability. The easiest way to find out which cryptocurrency is suitable for trading is to study the broker's offer, for example, Ethereum provided by InstaForex broker.
As the 2nd most popular Cryptocurrency in the world, Ethereum (ETH) is predicted to have the potential to continue to grow. This cryptocurrency, which was created in 2014, has exciting fluctuations to trade. In 2015, 1 ETH was equivalent to 1 USD. However, three years later, its value shot upwards of 1,000 USD.
Undoubtedly, this rapid surge has attracted the attention of investors, miners, and traders to profit from the Ethereum trend. Even though it dropped by 30% due to the news about a bug in the system, ETH managed to keep its value stable and climbing again.
In addition, unlike Bitcoin, which is used for online transactions, Ethereum is projected as a means of executing Smart Contracts. This is what underlies the belief of speculators that, in the long term, Ethereum is able to compete with Bitcoin.
Ethereum CFD Trading Features At Instaforex
Due to this, the Instaforex broker provides a platform to profit from Ethereum price movements through CFD trading. The features offered are also quite competitive and understand the needs of traders. Among others:
- Spreads: 800
- Commission 0.1%
- Buy Swaps: -0.06%
- Sell-Swap: -0.06%
- Lots: 1ETH
Not only are the spreads and commissions competitive, but traders can also get an extra 30% profit from every deposit. Visit their official page here to open an InstaForex account and trade Ethereum and other instruments.