SPECIAL CRYPTO CFDS - IQ OPTION ADDS 3 NEW INSTRUMENTS
Crypto fanatics will love the new special cryptocurrency instruments on the IQ Option trading platform. Traders from non-regulated countries can now trade Bitcoin Cash x20, EOS x20, and Litecoin x20 in addition to the other standard and special cryptos which have been available up to now.
SPECIAL CRYPTOCURRENCY INSTRUMENTS HAVE A PREDETERMINED (DAILY) EXPIRY TIME.
IQ’s special cryptocurrency CFDs offer you higher leverage than the corresponding standard crypto CFDs as well as spreads that are considerably lower.
For example, the standard bitcoin CFD can be traded with leverage settings of x3, x5, and x10, while Bitcoin x100 (the special bitcoin CFD) can only be traded with one leverage setting of x100.
Concerning the difference in the spreads, while the standard litecoin CFD could have a spread of 10.66%, Litecoin x20 (a special crypto CFD) could have a spread of only 1% (real example).
IQ Option’s special crypto CFDs expire on a daily basis, which means that trades cannot be held for indefinite periods of time. But, of course, traders can open new trades if their existing trades are automatically closed.
With really low spreads, special crypto CFDs can benefit traders who like to trade cryptocurrencies intraday.