Exness Vs Admiral Markets for Crypto Trading

Mark Andreas: Basically, when you trade cryptocurrencies through a forex broker, you're not actually buying and owning the coins themselves. Instead, you're using something called Contracts for Difference (CFDs). These allow you to speculate on the price movements of the cryptocurrency without actually owning it.

So, when you trade cryptocurrency CFDs with a forex broker, you're essentially making a deal with the broker to exchange the difference in price from when you open the trade to when you close it. This means you can potentially make a profit even if the price goes down, because you're speculating on the movement of the price rather than actually owning the coin.

It's important to remember that when you trade cryptocurrency CFDs, you don't own the underlying asset. But this also means you can take both long (buy) and short (sell) positions, giving you the opportunity to potentially profit from both upward and downward price movements.

riio22: Crypto trading usually has lower leverage than Forex trading because cryptocurrencies can be more volatile and unpredictable. Crypto prices can swing wildly up or down in a short amount of time, which means that there is a higher risk of losing money. So brokers limit the amount of leverage they offer to help protect their clients from making big losses.

Also, crypto trading is a relatively new and unregulated market. Many brokers are still figuring out how to manage the risks associated with crypto trading, and they may be cautious about offering high leverage ratios until they better understand the market.

In addition, the crypto market is open 24/7, which means that there is more time for unexpected events to occur. This can cause sudden changes in price, and brokers may reduce leverage ratios to help manage the risk of traders getting caught in unexpected swings.

Ternier: I think I understand about the crypto leverage.

Based on you have write above, crypto trading is a relatively new market compared to Forex trading, and this can make it more difficult for brokers to assess the risks involved. However, as you mentioned, some brokers like Exness do offer higher leverage ratios for certain cryptocurrencies like BTC and ETH, which are more established assets with a longer track record.

While it's true that BTC and ETH may be more stable than some other cryptocurrencies, it's important to remember that all cryptocurrencies can still be highly volatile and risky. The crypto market as a whole is still in its early stages, and it's difficult to predict how it will evolve over time. This uncertainty can make crypto trading more challenging for beginners who may not have a lot of experience with financial markets.

Thanks for the explanation!

Collina:  Hey there! If you're trying to decide between using MetaTrader 4 or 5 as a platform for trading cryptocurrencies, there are some important things to keep in mind. MetaTrader 4 is a more established platform that's been around for a while and is really popular in the industry. It's super easy to use and has a big community of users,.(Is MetaTrader 4 still relevant?)

But, if you're an experienced trader looking for more advanced features, MetaTrader 5 might be a better option for you. It has a really cool strategy tester that helps you backtest trading strategies more accurately. Plus, it supports a wider range of financial instruments, like stocks and futures, in addition to cryptocurrencies. (MT5 Forex Broker and Their Advantage) And as reference, you can read about Exness MT4 vs MT5 (Exness MT4 and MT5, which one you should choose?

If you decide to go with Exness as your trading platform, you'll be happy to know that they have a Terminal and mobile app that make trading cryptocurrencies super convenient and easy. The Terminal lets you access all of Exness' trading instruments, including cryptocurrencies, and has some really advanced charting and analysis tools. And, the mobile app lets you trade on-the-go and is available on both Android and iOS devices. ( Exness Mobile App Review)

Mia Clarkson: It's difficult to give a straightforward answer about the profitability of forex and crypto CFDs since it depends on a variety of factors such as market conditions, your trading strategy, and your level of experience. Some traders are able to make consistent profits trading forex and crypto CFDs, while others may struggle to be consistently profitable.

In terms of risk, both forex and crypto CFDs can be considered high-risk investments since they are highly volatile markets. The value of currencies and cryptocurrencies can fluctuate rapidly, and this volatility can lead to significant gains or losses in a short amount of time. That being said, trading crypto CFDs is generally considered to be riskier than trading forex CFDs due to the higher volatility and unpredictability of the cryptocurrency market.

Mamba: Thank you for your reply. So based on what you said, for me, as a beginner, it's better to understand Forex first after this cryptocurrency because the crypto market is much more unpredictable. . And also volatility, as you said, can increase trading risk. (I really didn't know about that).

To come up with the best platform for me, I guess to trade Forex you need to use Metatrader 4 and not any other platform, although another one can be very advanced. but I think MT4 is still relevant after all 

It is worth pointing out that crypto brokers simply act as the middleman that allows traders to speculate on the movements of cryptocurrency prices. When trading with a broker, traders typically use a derivative product called crypto CFD offered by the broker. This allows you to speculate on market prices without having to actually own the asset. On the other hand, crypto exchanges like Binance allow you to acquire crypto coins and possess them outright. Here's more information about it: Top 10 Crypto Exchange for Beginners

That being said, I don't think that multiasset brokers are less profitable to trade crypto as long as you are trading with a reliable company. In fact, it is a great choice for multiasset traders who want to dip their toes into crypto trading. The biggest benefit is that it allows you to trade multiple assets on a single platform, so there's no need to sign up with another broker and adjust to new system. This also presents an opportunity to diversify your portfolio in a hope to make bigger profits and minimize risks at the same time. 

Hey thanks for the response! I totally get it now. I guess it depends on your goal then, whether you want to purchase the actual crypto coin and hold it as an investment or you want to make profit from speculating crypto prices. I'm more of the latter though, so I think brokers like Exness would fit me best. Now the only thing left for me to do is to figure out which crypto CFD that I'd like to invest in and see if it's available on the broker.

There is no set minimum amount to put in crypto trading. However, in Admirals, the minimum lot size for every trade is 0.01 lot, so you can start with that amount, then gradually increase the size once you're more comfortable and confident. There is also an option to trade with leverage, although I wouldn't necessarily recommend this for beginners. No need to make a separate account for crypto trading, so you can simply use your usual MT4/MT5 trading account. if you are using MT4, make sure to check the availability of the crypto that you want.

Aside from the tools, you also need to prepare yourself. Take some time to learn about crypto trading, find out why people trade digital currencies, and do a lot of research around the topic. Lastly, find the strategy that works for you and don't forget to manage your risks well. Good luck!

@Ethan: In my opinion, when choosing a crypto broker, there are several important aspects to consider, but one aspect that stands out as particularly crucial is the broker's security and regulatory measures. Cryptocurrency trading involves handling sensitive personal and financial information, as well as the custody of digital assets, so ensuring the safety of your funds and data should be a top priority.

First and foremost, you'll want to ensure that the broker is properly licensed and regulated by a reputable financial authority. This helps provide a level of oversight and accountability, ensuring that the broker operates in accordance with established guidelines and safeguards your interests as a trader.

Additionally, look for brokers that implement robust security measures to protect against hacking attempts and unauthorized access. This can include features like two-factor authentication, encryption protocols, and segregated client accounts to keep your funds separate from the broker's own operational funds.

Another important aspect is the broker's reputation and track record. Research the broker's history, read reviews from other traders, and check if there have been any major security breaches or scandals in the past. A broker with a solid reputation and positive customer feedback is more likely to prioritize the security and satisfaction of its clients.

Furthermore, consider the range of cryptocurrencies offered by the broker and the availability of trading tools and features that align with your trading strategy. Look for competitive fees, transparent pricing, and reliable trading platforms with user-friendly interfaces.

@Benji: Hey there! So, you're new to crypto trading and looking for brokers that allow you to trade multiple instruments and open hedging positions with crypto. Well, both Exness and Admiral have got you covered to some extent.

With Exness, you can trade various instruments like cryptocurrencies, forex, stocks, and more. They even allow you to open hedging positions, which is handy for managing risk and balancing your trades.

Now, let's talk about Admiral. They also offer a range of instruments for trading, including cryptocurrencies, forex, indices, and commodities. But here's the thing: Admiral has some limitations on hedging positions, depending on the type of account you choose. So, if hedging is a vital part of your trading strategy, make sure to check out their account types and conditions to see if it fits your needs.

@Maddisson: Yes, it is possible to perform fundamental analysis in crypto trading. Fundamental analysis involves analyzing the underlying economic and financial factors that affect the value of an asset. In the case of cryptocurrencies, this can involve analyzing factors such as the overall market sentiment towards cryptocurrencies, government regulations, the adoption rate of cryptocurrencies by businesses and consumers, and the overall health of the global economy.

While fundamental analysis can be a useful tool for predicting the future value of cryptocurrencies, it is important to keep in mind that the crypto market is highly volatile and unpredictable. Therefore, traders should always use a combination of fundamental and technical analysis to make informed trading decisions and manage their risk appropriately.

The highlighted advantage discussed in the article centers on the broad selection of trading assets offered by the platform. The availability of a diverse range of assets is beneficial for traders, presenting numerous opportunities to explore and potentially profit from various market movements. This diversity allows traders to diversify their portfolios and adjust to evolving market conditions by choosing from a wider range of assets. Furthermore, a varied selection of assets accommodates different trading strategies and preferences, providing traders with the flexibility to align their approaches with the dynamics of the market.

From my own experience, I can attest that the combination of a modest deposit requirement and high leverage is advantageous for those entering the market with limited capital, offering increased exposure potential. The addition of crypto trading further enhances asset diversity, appealing to individuals interested in digital currencies. Notably, the use of the widely recognized and user-friendly MetaTrader trading platform adds to the platform's appeal, making it accessible for both novice and seasoned traders. In summary, Exness appears to offer a comprehensive package that caters to the needs of both beginner and advanced traders.