Interactive Brokers is an exceptional brokerage for professional traders that trade stocks, options, futures, CFDs or any other spot or derivative instrument following mainstream markets. If this describes you, give IB a try. It is not great for bitcoin futures at the moment – if this is what you are after, we recommend looking elsewhere. Nov 20, · Today, traders and investors can use Interactive Brokers trading platform to buy Bitcoin futures contracts. At the moment, this services is available only on two of the exchanges CME (Chicago Mercantile Exchange, and CFE (Cboe futures Exchange). On both exchanges, the futures will be having their own symbol as well. Trading bitcoin futures on interactive brokers singapore. This strategy works well as a 5-minute strategy because longer expiries face the threat of other events influencing the how can i invest in bitcoin uk Malaysia market and causing a price trading bitcoin futures on interactive brokers Singapore change. You are doing to do so through trading.
Interactive brokers trade bitcoin futuresTrading Bitcoin Futures with IBKR | IB Knowledge Base
Few things jump right out. For those planning to go short, we have no idea what the deal is with the crazy margin going on here. It might be, in retrospect, that IB was concerned that large traders would manipulate the market by buying massive amounts of bitcoin pre-launch, shorting the futures markets, and then crashing the market by dumping all their bitcoin.
I guess our point is — if you are interested in longing bitcoin futures only — then Interactive Brokers is a suitable choice despite higher fees, thanks to the lowest margin requirements amongst its direct competition.
Interactive Brokers provides the lowest fee schedule in the market, which is of utmost interest to anyone reading this, aside from bitcoin futures-only traders where the fees are sort of rubbish.
So it is not really close on the fees — which makes one wonder why bitcoin futures are priced so highly above the rest of the market, but we digress. The Trader Workstation services a global clientele, and so the platform is directly connected to multiple global exchanges and offers tons and tons of international instruments — which is great if you trade the international markets, but the various similar symbols can get a bit overwhelming.
I compared this to the competition, and this is well more than offered anywhere else. There are about different technical indicators, which is more than someone like me could ever hope to use, but substantially trails competitors like Ameritrade. Multiple trading platforms may be plugged in using Interactive Brokers robust API, and we found that many traders prefer trading Interactive Brokers via NinjaTrader which is compatible.
Traders may easily monitor existing positions, or open new ones, using adequate mobile apps on iOS or Android devices. To be frank, if you are a beginner you should probably be using a different platform anyway, and support sort of amplifies this sentiment.
Yes, this is sort of the reason we are reviewing interactive brokers to begin with, but it is clear to us that there are better options within this specific niche. The fees are the highest in this market, and shorters are required to hold substantially more account equity than the nominal position. You can get much better margins, much higher volumes, 24 hour markets with no shutdowns, and very low minimum trade amounts at bitmex or any of the bitcoin-only exchanges.
Oh, and there are basically no fees if you use limit orders. Despite the initial limitations, the response from the traders was huge, which pushed the broker to remove those limitations later on. Reasons to Trade with Interactive Brokers. There are more reasons for you to trade with Interactive Brokers than there are to trade with any other online broker. The platform brings all your trade activities in one place and makes account management a breeze.
In addition to that, it is available for you in every form so you can pick the format that suits you the most. It is available in the downloadable for desktops and mobile devices. Furthermore it is available in web-based form so you can access from anywhere at anytime without requiring any downloads. A lot of brokers talk about your safety as a trader while trading with them, but their promises are only strings of words.
They have nothing to back up their claims of being safe. On the other hand, Interactive Brokers is the safest platform for you to do reliable trading. It is regulated by the financial regulating authorities in a bunch of countries. Tradable Assets. Interactive brokers gives you the autonomy that no other broker can offer online today. Whether you are a new trader looking for enough options to make your favorite pick or an experienced investor looking forward to diversifying your investment portfolio, Interactive Brokers will help you.
It allows you to trade forex, stocks, commodities, indices and much more. In addition to that, you can do futures trading, options trading, CFD trading, etc. Final Thoughts. The initiative of allowing traders to now buy and sell BTC futures contracts shows that Interactive Brokers is one of the biggest and the best online brokers around the world.
When you use its platform for trading, your options are virtually unlimited. As for affordability, Interactive Brokers is known for charging out extremely small commissions on your trades.
IB Oz provide really terrible service. Just trying to get statement for end of year tax gets absolutely no help from customer services. Definitely one to avoid if I knew at the start. I have been with them for several years. Very efficient, great customer service and so pleased I chose this company for my first ever trade.
Your email address will not be published. Bitcoin Circuit uses artificial intelligence to automatically trigger actions and to decipher data and predict the market ahead of time.
Buy Bitcoin BTC. Buy Ethereum ETH. Buy Ripple XRP. Buy Litecoin LTC. Buy Monero XMR. Buy Cryptocurrency UK. Buy Cryptocurrency Australia. Buy Cryptocurrency South Africa. Buy Cryptocurrency Canada. Buy Cryptocurrency Denmark. Buy Cryptocurrency Netherlands. Buy Cryptocurrency Sweden. Buy Cryptocurrency Ireland. Buy Cryptocurrency Norway. Buy Cryptocurrency Switzerland.
Buy Cryptocurrency New Zealand. Interactive Brokers Review Bitcoin Futures Trading If you wish to start your trading and investment career online, you have plenty of options available today. Author: Michael Ellis Michael is an avid cryptocurrency enthusiast and writer. He is the main writer for Cryptocoin Stock Exchange. Leave a Reply Cancel reply Your email address will not be published. Bitcoin Circuit Bitcoin Circuit uses artificial intelligence to automatically trigger actions and to decipher data and predict the market ahead of time.
Bitcoin BTC. Ethereum ETH. Tether USDT. Litecoin LTC. Bitcoin Cash BCH. Cardano ADA. Polkadot DOT. Binance Coin BNB. Chainlink LINK. Looking for something? Search for:. Start Trading. Dennis Gartman, the […]. Introduction The primary reason why people look to invest their money is to make large profits; profits good enough to secure their future, achieve […].
The Vietnam-based blockchain venture builder RedFOX Labs has announced that it is going to launch its own Chainlink oracle node very soon. Called RedFOX […]. Due to these fake hacks, the crypto exchange firm went bankrupt, says Italian […]. Informs that most of the hot wallets were compromised during the hack attack.