Cryptocurrencies and CFDs

Cryptocurrencies and CFDs.
Cryptocurrencies and CFDs.

The cryptocurrency market provides access in many ways. The most efficient way to trade the cryptocurrency market is to use contracts for differences (CFDs). A contract for difference is a financial product that tracks the movements of the underlying asset. While there are plenty of apps that offer a wallet and the ability to transfer digital coins, very few are trader friendly. If you are looking for an app that provides analytics, allowing you to chart and graph cryptocurrencies in tandem with a full trader workstation, then you are best suited to an app offered by a CFD broker.

Plus500
Plus500

There are several criteria used to evaluate the best crypto trading app, but what is important is that the app feels comfortable and is efficient to use. You want to make sure that you choose and app from a reliable trustworthy broker. Make sure that the broker you choose has been in business for a while and this is not their first venture. You also want to make sure that your broker is regulated and supervised by a recognized authority. Here are some of the best cryptocurrency mobile platforms.

iFOREX Mobile App

iFOREX provides clients with a mobile trading application that works in tandem with their web-based trading platform. The company has more than 20-years of trading experience and their mobile application reflects a software product that is state of the art. They are regulated by Cysec in Cyprus which gives the company a stamp of approval. The app is easy to use and allows you execute trades, while analyzing them using many features. You can follow news, see real-time prices, and deposit and withdraw funds instantaneously. The company also offers support in multiple languages, as well as an app that is geared to both the beginner and advanced trader. In addition, iFOREX offers a demonstration account that allows you test your strategies without risking real capital.

Plus500 offers an advanced mobile trading app that focuses on CFDs including cryptocurrencies, stocks, forex and commodities. The app also has both a real and free unlimited demo application.  The app comes with a negative balance protection insurance, which is a nice feature as it allows you to trade without the fear of overdrawing your account.  The app provides real-time charts along with quotes and breaking news.  In addition, you can fund your account from the app using both credit and debit cards. The company also provides customer services in multiple languages.

Trade Interceptor

Trade Interceptor allows investors to execute a suite of securities including cryptocurrencies, fiat currency pairs, commodities and indices.  They have a top of the line mobile platform. The application has a graphing package that allows you to perform technical analysis, using 100-different indicators and real-time data. Trade Interceptor also provides access to live-streaming price quotes. One very nice feature is that they have a mobile app that allows you to test your strategies using historical and real-time data. This is a feature generally geared toward advanced traders.  The mobile application gets very good grades and is efficient and can be a replacement to a desktop app.

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