1 Minute Review
CFD TRADER is a cryptocurrency exchange and custodian that offers investors access to 26 coins and tokens. Founded in the US, CFD TRADER is expanding globally, in particular into Europe and Asia. Offerings include both major cryptocurrency projects like Bitcoin and Ethereum, and smaller altcoins like Orchid and 0x.
CFD TRADER is 1 of the only brokers with multiple platform options based on skill level. New investors will love the streamlined interface of CFD TRADER’s mobile and web apps, while advanced investors might appreciate all the tools that come with ActiveTrader.
Why CFD TRADER Over Others?
CFD TRADER offers a number of unique features over competing cryptocurrency brokers, including:
A range of platform options. CFD TRADER offers both a standard, simple web interface as well as a more advanced ActiveTrader platform. This allows you to customize your CFD TRADER experience to your trading skill level.
Wide selection of cryptocurrency offerings. CFD TRADER provides support for a diverse mix of 26 cryptocurrencies, ranging from major projects to smaller altcoins.
Dynamic price alert features. Mobile investors will love the CFD TRADER app’s alert features, which allow you to receive a push notification when an asset you’re interested in reaches a predetermined price target. You can even set alerts to inform you when an asset increases or decreases in price by a predefined percentage.
Brokerage Quick Summary
Tradable assets Cryptocurrency
Platform Beginner-oriented; easy to open an account and start placing orders
Mobile app Fully-operational, mirrors desktop web-trading platform
Products Primary products include web and mobile trading and insured hot wallets.
Advanced options are available for more experienced investors.
Fees Vary by platform and account type
CFD TRADER Fees and Commissions
CFD TRADER offers a variety of fee schedules depending on which platform you use to invest in the cryptocurrency market. Most new investors will invest using the mobile or web trading platform, which carries the following fees for U.S. residents:
More than $200 1.49% of your total order value
CFD TRADER also charges a convenience fee on top of the amount that you pay on your transaction fee. CFD TRADER’s current convenience fee is set at 0.50% of the current market price of the coin that you’re buying. You’ll see your convenience fee included with the price of the coin when you place your order.
Let’s take a look at an example of how this dual fee schedule works. Imagine that you want to buy $500 worth of Bitcoin and that the current market price of 1 Bitcoin is $19,000. When you place your order, you’ll see a quoted price of $19,095 per coin (that’s the market price, $19,000, plus the convenience fee of 0.50%).
When you enter your order, CFD TRADER will also apply a 1.49% transaction fee to your purchase, which is deducted directly from your trading funds. This means that when you place a $500 order for Bitcoin, you’ll receive $492.55 worth of Bitcoin at the current market rate plus the convenience fee.
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