CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please ensure that you fully understand the risks involved.
Important Notice:
Cryptocurrencies are not legal tender or securities. Cryptocurrency Contracts For Differences (CFDs), which are derivatives of cryptocurrency, are not regulated by the Monetary Authority of Singapore (MAS). Investors should be aware that they will not be entitled to legislative protection when trading cryptocurrency CFDs. If you choose to invest in unregulated products, you will not be protected under MAS regulations. Other risks associated with cryptocurrencies include high price volatility, lack of transparency and cybersecurity risks. Please ensure that you are fully aware of these risks, and if in doubt, you should consult an independent financial adviser. For more information on cryptocurrencies, their derivatives and associated risks, please refer to the MoneySense website here.
Start trading cryptocurrencies today with the world’s No.1 CFD provider.* You won’t need an exchange account and you’ll enjoy fast, efficient execution on trades.
*Based on revenue (published financial statements, October 2022)
Download all margin for cryptocurrencies CFDs here:
Cryptocurrency CFD Margin Tiers (Retail)
Cryptocurrency CFD Margin Tiers (Non-Retail)
Cryptocurrency CFD Margin Tiers (AI)**
**Check your eligibility on becoming an Accredited Investor here.
Get live cryptocurrencies prices, search for your market and find out more about trading cryptocurrencies with IG on our CFD website.
Market |
Dealing hours [1] |
One point means |
Value per point |
Minimum spread [2] |
Limited risk premium [3] |
Minimum Margin required [4] |
Product details |
||
|---|---|---|---|---|---|---|---|---|---|
| Bitcoin | 24 hours | 1 | $1 | 103 | 90 | 50% | Bitcoin | ||
| Ether | 24 hours | 1 | $1 | 5.7 | 3 | 50% | Ether | ||
| Solana | 24 hours | 1 | $1 | 0.7 | 1 | 50% | Solana | ||
| Avalanche | 24 hours | 1 | $1 | 0.14 | 0.5 | 50% | Avalanche | ||
| Bitcoin Cash | 24 hours | 1 | $1 | 3.5 | 2.7 | 50% | Bitcoin Cash | ||
| Litecoin | 24 hours | 1 | $1 | 0.7 | 0.9 | 50% | Litecoin | ||
| EOS | 24 hours | 0.01 | $1 | 0.7 | 7.2 | 50% | EOS | ||
| Stellar | 24 hours | 0.01 | $1 | 0.1 | 0.2 | 50% | Stellar | ||
| Ether/Bitcoin | 24 hours | 0.0001 | $1 | 3 | 2.7 | 50% | Ether/Bitcoin | ||
| Crypto 10 Index [5] | 24 hours | 1 | $1 | 80 | 27 | 50% | Crypto 10 Index | ||
| Cardano | 24 hours | 0.01 | $1 | 0.4 | 0.7 | 50% | Cardano | ||
| Chainlink | 24 hours | 0.01 | $1 | 13.5 | 12 | 50% | Chainlink | ||
| Dogecoin | 24 hours | 0.01 | $1 | 0.2 | 0.1 | 50% | Dogecoin | ||
| Polkadot | 24 hours | 0.01 | $1 | 5.3 | 18 | 50% | Polkadot | ||
| Uniswap | 24 hours | 0.01 | $1 | 11.1 | 10 | 50% | Uniswap | ||
Notes to table
1. Cryptocurrencies markets close at 10pm on Friday night (UK time), then reopen on Saturday at 8am (UK time). Please note that your account can go on margin call during the weekends as the cryptocurrencies market is open.
2. Please note that in times of high volatility, our minimum spreads can increase significantly.
3. A guaranteed stop premium is charged if your guaranteed stop is triggered. The potential premium is displayed on the deal ticket, and can form part of your margin when you attach the stop. Please note that premiums are subject to change, especially going into weekends and during volatile market conditions.
4. Please note that tiered margins apply; this means that more margin may be required for larger positions. See our margins page for further details. You can find the tiered margins for each market from the Get Info section in our dealing platform.
5. The Crypto 10 Index represents the performance of the largest 10 tokens, selected and weighted by market capitalisation. The index is calculated and managed by BITA GmbH. For further information click here.
Overnight funding charges
- If you are long, for Bitcoin you will pay a daily overnight funding charge of 0.0694% (25% per annum) for positions held at 10pm UK time. For Ether/Bitcoin and Crypto 10 Index, you will pay 0.0625% (22.5% per annum). For all other cryptocurrency positions you will pay 0.0764% (27.5% per annum).
- If you are short, for Bitcoin you will receive a daily overnight funding charge of 0.0139% (5% per annum) for positions held at 10pm UK time. For Ether/Bitcoin, you will pay 0.0208% (7.5% per annum). For Crypto 10 Index, you will receive 0.0208% (7.5% per annum) and for all other cryptocurrencies you will receive 0.0347% (12.5% per-annum).
- Please note that for any position held through 10pm (London time), we’ll make a daily interest credit or debit adjustment Monday to Sunday. Adjustments to the number of days charged will be made in advance of the Christmas and New Year holidays, to cover settlement of trades over these bank holidays
We review our overnight funding charges frequently, and keep our website and contract details updated with the latest rates.
See below overnight funding calculations for Bitcoin as an example.
| Overnight funding for long Bitcoin position | Overnight funding for short Bitcoin position |
Long 1 contract on Bitcoin, which is currently trading at a price of 30,000. ( 1 x 30,000) x 0.0694% = $20.82 Client will be charged $20.82 funding per day. |
Short 1 contract on Bitcoin, which is currently trading at a price of 30,000. ( 1 x 30,000 ) x 0.0139% = $4.17 Client will receive $4.17 funding per day. |
Why can I sometimes not trade cryptocurrencies?
Given the high demand and price increases, we may restrict any new orders to buy or sell cryptocurrency, both online and over the telephone.
As we hedge client exposure in the underlying market, our interests are aligned with yours. However, due to the various risks and complexity involved in trading underlying cryptocurrencies, there's a limit to the total amount of physical cryptocurrency we can hold as a business. We therefore need to reflect this by limiting the exposure that each client is allowed to maintain through CFDs. This limit is currently £500,000 notional (or equivalent) per client for long cryptocurrency holdings. Any client with a notional size above this limit is at risk of having their cryptocurrency positions reduced. Do note that this notional limit may be subjected to change due to market volatility and liquidity conditions.
Sometimes our platform won't allow you to open a new long position on cryptocurrencies. This happens when we reach our maximum exposure in the market. You'll be able to open a position when our trading volume changes.
Please note this should not affect your ability to close any existing open positions, provided this does not increase or create net long exposure.
You can check whether or not any of the cryptocurrencies markets are "unlongable" (ie. cannot place "buy" orders) in the platform before you trade. In IG Trading, click the 'information' icon in the deal ticket, then select 'other'. In the classic platform, click on your market's dropdown and select 'get info'. Please refresh your browser for the latest updates.
IG policy on blockchain forks
We base the price of our cryptocurrency products on the underlying market, made available to us by the exchanges and market-makers with whom we trade.
There is currently one accepted decentralised ledger which records all cryptocurrencies transactions – as well as an equivalent for ether – called the blockchain. When the software of different miners becomes misaligned, a split – or 'fork' – in the blockchain may occur. This results in the existence of two different blockchains.
Generally, cryptocurrency users quickly agree which version to continue to use, causing minimal disruption. The old version of the blockchain is then discontinued.
In the event that one version isn't discontinued – known as a hard fork – we will generally follow the blockchain that has the majority consensus of cryptocurrency users, and will therefore use this as the basis for our prices. We reserve the right to determine which blockchain and cryptocurrency unit have the majority consensus behind them.
If the hard fork results in a viable second cryptocurrency, we may create an equivalent position on client accounts to reflect this. However this action is at our absolute discretion, and we will have no obligation to do so. If, and when, the second cryptocurrency is tradeable on a major exchange, we will endeavour to represent that value. We’ll do this either by making the product available to close based on the valuation on that venue, or by booking a cash adjustment on client accounts. If, within a reasonable timeframe, the second currency does not become tradeable on major exchanges or is otherwise deemed not to be viable as a currency (for example, it is not mined), we may delete any positions that had previously been created at no value on client accounts. We will take steps to notify clients when we have taken this action.
When a hard fork occurs, there may be substantial price volatility around the event, and we may suspend trading throughout if we do not have reliable prices from the underlying market.
We will endeavour to notify you of potential blockchain forks, however it is your responsibility to make yourself aware of the forks that could occur.
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