At a time not so long ago, crypto traders were confined to conventional exchanges to buy and sell digital currencies. This meant risking capital with a platform without any form of regulatory standing.
Fast forward to 2021 and it is now possible to trade crypto with a fully-regulated platform – with the likes of FBS now holding licenses with ASIC, CySEC, and other reputable bodies.
Perhaps even more importantly for experienced traders, FBS not only offers leveraged crypto instruments but also the ability to go long or short.
FBS - Top-Rated Broker With 0% Commission and ZERO Spread Accounts
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Trade forex, stocks, indices, crypto, and more
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Secure Leveraged Crypto Trading
Crypto traders that seek leverage through derivative products are often forced to use unlicensed platforms – such as BitMEX. This offers virtually nothing in the way of regulatory protection.
This is why FBS – an online CFD broker with over 17 million clients, has since seen a wave of new account signups for its crypto accounts. In a nutshell, FBS allows traders of all shapes and sizes to access leverage facilities in a safe environment.
With leverage limits of 1:5 on offer, this allows traders to magnify their account balances by a factor of five. That is to say, a $100 position can be boosted to $500 at the click of a button. Due to regulatory compliance, limits are often determined by the trader’s location. For instance, EU residents can apply leverage of up to 1:2 when trading crypto, while other jurisdictions get the full 1:5.
With that said, even those based in the EU can get access to much higher limits if they fall within the remit of a professional-client. On top of being able to apply leverage, FBS is also popular with experienced traders that seek access to short-selling tools. Unlike a traditional brokerage setup, there is no requirement to ‘borrow’ assets to go short on a cryptocurrency.
On the contrary, as FBS specializes in contracts-for-differences (CFDs), short-selling has never been easier. For instance, if you felt that Bitcoin was overvalued, you could simply place a sell order on BTC/USD. If your prediction was correct, you would make a profit on this position.
In full recognition that the crypto retail client sector is growing at a rapid pace, FBS also offers a trading path for newbies. This is because the platform requires a minimum deposit of just $1 – so those on a budget can trade crypto assets without needing to risk too much capital.
The Verdict?
With regulated brokers like FBS now looking to fill a gap in the cryptocurrency trading market, it is no wonder that the platform is experiencing sizable growth in terms of new account requests.
Most crucially, no longer do traders need to go through unregulated exchanges to obtain leverage and short-selling facilities. Instead, FBS offers a fully-licensed platform for both beginners and experienced pros alike – with the minimum first-time deposit requirement set at an attractive $1.
FBS - Top-Rated Broker With 0% Commission and ZERO Spread Accounts
Our Rating
Trade forex, stocks, indices, crypto, and more
Various 0% commission and ZERO spread accounts to choose from
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