Exante Broker Review / exante broker reviews
Features of cryptocurrency trading
Keep in mind the main thing: when trading cryptocurrency from the Exante broker, you do not enter real cryptocurrency exchanges. That is, you will not be able to buy, for example, Ethereum and withdraw digital money to your wallet. Trading is carried out in 2 ways:
There is the possibility of working with cryptocurrency futures. If you are not familiar with the concept of futures and the features of trading them, I recommend reading my post on futures trading. In it, I break down the main points;
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You can trade fund shares, and already their value is closely tied to the value of the cryptocurrency. In total, the broker 15 of said funds, all of them official, are registered by Bloomberg.
Trading conditions for cryptocurrencies
There is a Commission for maintaining the account, it is equal to 3.5% for the year. A daily Commission is charged, that is, the amount for the year is divided by the number of days, and this amount is debited from the account every day;
Commission to trade is equal to 0.5%;
Short positions are not allowed on all tools.
The cryptocurrency is available in the same trading terminal. If you work with these types of tools, be aware of increased volatility and the possibility of large, sharp moves within the day. The same Bitcoin can rise in price or fall in price by a couple of thousand dollars during a day or even a few hours.
