Trade binary options on cryptocurrencies on these sites

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
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    Free Education How To Trade!
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  • Binomo
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    Good Choice For Experienced Traders!

News: Trading cryptocurrencies with binary options brokers

Cryptocurrencies have become a global phenomenon frequently discussed in various forums. I am sure that you have heard at least some of the terms such as Bitcoin, Ethereum, or Litecoin.

As cryptocurrencies are experiencing a boom, binary options brokers are aware of this popularity. They know that people are interested in cryptocurrencies and that they want to trade with them. One after another, they are introducing this option.

Let’s take a closer look at trading cryptocurrencies with the brokers.

Popularity of bitcoin

To demonstrate the credibility of this information I used Google Trends. I did a small search for the word bitcoin. As you can see from the below graph, the demand has grown in multiples in the recent year.

The number of occurrences of bitcoin over the last year in the Great Britain.

Trading cryptocurrencies with IQ Option

With IQ Option crypto (cryptocurrencies) trading has already been possible for a few months. Cryptocurrencies can be traded both as binary options or CFD. I personally prefer binary options. However, when trading cryptocurrencies, which are awfully volatile, I find CFD with leverage as a better idea.

As already mentioned, trading CFD allows you to use a leverage of 1:50. This ratio means that for every BTC 1 you put into your account, you can purchase up to BTC 50 worth of currencies i.e. 2% of the price.

Trading cryptocurrencies with BDSwiss

Recently, BDSwiss has distributed an e-mail circular announcing that the broker offers trading with cryptocurrencies. As a currently hot topic, cryptocurrencies are demanded by every broker to win new customers (traders).

Though BDSwiss allows crypto trading, compared with IQ Option, its platform is poorer and a minimum deposit higher. Which is why I do not trade with BDSwiss. On the other hand, BDSwiss offers the platform and support in Czech and I bet there are plenty of people who prefer this (which is nothing bad at all).

Register with BDSwiss

Broker Bonus Min Deposit Payout Review Open Account
Great broker for german clients $100 * Review Trade Now!

Remarkable: Valuation of bitcoin with eXbino

An interesting thing is that eXbino offers the opening of an anonymous bitcoin account. This means that using the same process as for a normal trading account you can open an account without specifying the name or address or sending documents for validation. A minimum deposit is as little as 10 USD.

Money on this account cannot be “normal” money. You cannot upload with your payment card currencies such as US dollar, euro or Czech Koruna. All that is allowed on this type of account is bitcoin. Bitcoin is also the currency that will be paid out.

What I see as the only disadvantage is that nobody can guarantee that nothing will happen to your account. My recommendation is that one should keep away from this type of trading with large amounts of money. But with less than BTC 0.5 on your account, I think that everything is O.K. ��

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Education How To Trade!
    Free Demo Account!
    Big Sign-up Bonus!

  • Binomo
    Binomo

    Good Choice For Experienced Traders!

Further info

Naturally, there is more than one BTC exchange offering far better quality. Right now, we are making reviews to be published soon.

Author

More about the author J. Pro

Unlike Stephen (the other author) I have been thinking mainly about online business lately. I wasn’t very successfull with dropshipping on Amazon and other ways of making money online, and I’d only earn a few hundreds of dollars in years. But then binary options caught my attention with it’s simplicity. Now I’m glad it did because it really is worth it. More posts by this author

Admiral Markets Group consists of the following firms:

Admiral Markets Cyprus Ltd

Admiral Markets Pty Ltd

Admiral Markets UK Ltd

Reading time: 24 minutes

This article will provide traders with a guide to trading cryptocurrency CFDs. It will explore: significant cryptocurrencies (and not just Bitcoin), reasons why you should consider trading CFDs on cryptocurrencies, an explanation of how to purchase Bitcoin, Litecoin trading, Ethereum investing, and much more!

What is Cryptocurrency? – A Brief History

Cryptocurrency is a type of ”digital asset” or ”digital currency”. It does not exist in the physical sense (as is the case with regular fiat currencies such as the Dollar and the Euro). Cryptocurrency not regulated or managed by any financial authorities or banks in the same way as traditional currency, but is mostly self-regulated, through the use of various encryption techniques. Furthermore, this process is powered via the internet, with users within associated networks providing the verification that enables the transactions to occur.

The genesis of what we now know as cryptocurrencies transpired back in 2009, and it all began with the launch of Bitcoin, the proto-cryptocurrency. Bitcoin was originally proposed as an electronic payment system based on cryptographic proof. The cryptographic proof came from the emerging technology of the blockchain — a kind of list of digital signatures that provide computational evidence describing the entire transaction history of each Bitcoin.

This public chain of ownership allows peer-to-peer transactions, without any need to entrust a third-party with the task of processing the payment. This lack of any kind of third party operating in a single, supervisory role means that Bitcoin is a decentralised digital currency. Back in 2009, some market commentators dismissed this new, virtual currency as a mere fad, a transitory reaction to the subprime crisis that had racked the global economy back in 2008.

But as Bitcoin has grown in value and credibility over the years, interest in this new type of currency – and the technology framework that underpins it – has blossomed. As more investors have embraced Bitcoin over the years, its value has been driven higher, which in turn has driven greater interest in this asset class. This has led to a breathtaking increase in value and volatility.

As a consequence of all of this, a large number of alternative digital currencies have arrived on the scene (and on some occasions have departed just as quickly), based on the innovation of the blockchain or such similar concepts. In early 2020, the combined value of all cryptocurrencies was estimated to be around $8 billion; by March 2020 this had ballooned to around $25 billion.

2020 proved to be a remarkable year for Bitcoin, and the cryptocurrency market in general. Having never been above $1,000 before 2020, Bitcoin broke above $6,000 in October of 2020 and by early December had rocketed above $10,000. By the end of that month, it set a record level of $19,783, climbing rapidly ahead of the launch of CME and CBOE futures contracts in the cryptocurrency.

The launch of these Bitcoin contracts on mainstream exchanges ushered in a new era, offering the first chance to trade cryptocurrencies on regulated platforms in the US — but it also generally coincided with a marked decline in the fortunes of Bitcoin.

Though volumes of the Bitcoin futures contracts grew steadily in the months after their launch — offering greater and greater and liquidity to traders — the price of Bitcoin fell into a persistent downtrend. By February of 2020, Bitcoin had plunged to below $6,500. By December 2020, that value had shrunk to below $3,500.

Also in December, the crypto market’s market cap plummeted from just under $180 to $152 billion within a 24 hour period, with many spectators comparing the major crash to the infamous dot com crash of the early 2000s.

What Are the Other Significant Cryptocurrencies?

Bitcoin was by far the earliest cryptocurrency, arriving more than two years ahead of the second cryptocurrency, Namecoin. The success of Bitcoin has led to a massive proliferation in digital currencies in recent years, and today there are literally hundreds of cryptocurrencies in existence. One of the most interesting aspects of these new currencies is the lack of control by any single body. Traditional fiat currencies are governed by central banks that may operate independently of a national government, or at the behest of the government.

The FED (Federal Reserve) has the power to increase the supply of US Dollars, for example. The degree of decentralisation can vary from one cryptocurrency to another – as we shall see – but, in general, there is no central authority that plays an analogous role to a central bank with regards to cryptocurrencies. We’re now going to take a look at four of the other major cryptocurrencies available.

Ethereum (or Ether), is the largest rival to Bitcoin, based on percentage share of total cryptocurrency market capitalisation. Other significant players in the field include Bitcoin Cash, Litecoin, and Ripple, to name a few. Cryptocurrencies are quoted against the US Dollar (USD) and the Euro (EUR) – two of the world’s most widely-used currencies.

Cryptocurrency Codes

The following list shows you the codes used to represent these major cryptocurrencies against the US Dollar:

  • Bitcoin against the Dollar – Code: BTC/USD
  • Ether against the Dollar – Code: ETH/USD
  • Bitcoin Cash against the Dollar – Code: BCH/USD
  • Litecoin against the Dollar – Code: LTC/USD
  • Ripple against the Dollar – Code: XRP/USD

Similarly, the list below shows the codes for the major cryptocurrencies against the euro:

  • Bitcoin against the Euro – Code: BTC/EUR
  • Ether against the Euro – Code: ETH/EUR
  • Bitcoin Cash against the Euro – Code: BCH/EUR
  • Litecoin against the Euro – Code: LTC/EUR
  • Ripple against the Euro – Code: XRP/EUR

Why Trade CFDs on Cryptocurrencies?

Cryptocurrencies are made possible via the emerging technology of the blockchain – the public ledger that keeps a record of all transactions (or similar consensus ledger systems). Since the outset, the potential of both this new type of asset and the technology in general, has engendered interest in specialist quarters.

In recent years, cryptocurrencies have begun to attract attention from a much wider audience, as Bitcoin has been accepted as a means of payment in increasingly more places. Cryptocurrencies have also begun to generate a lot of interest as an alternative investment. A large part of this is down to headlines generated by the huge leaps in Bitcoin’s value. The price of Bitcoin began in 2020 with a worth of around $1,000, rocketing to more than $19,000 by December of that same year.

This new asset space gained further credibility when established exchanges like the CBOE and CME launched futures contracts in Bitcoin. Many people gain an exposure to cryptocurrencies by simply putting money into them – that is, buying the actual digital currency. There are downsides to this, however. Processing times for buying a cryptocurrency are slower than the instant fills that typify a regular Forex (FX) trade; they are unregulated; and there have been some scare stories of compromised Bitcoin and Ethereum wallets.

You can easily sidestep all these concerns by trading cryptocurrencies via CFDs. Using CFDs allows very fast transaction times, which is useful for such a volatile market. For instance, Admiral Markets UK Ltd is authorised and regulated by the Financial Conduct Authority (FCA), so that Bitcoin CFD trading with this broker is regulated in the same manner as normal FX trading.

Risk Free Trading With Admiral Markets

Professional traders that choose Admiral Markets will be pleased to know that they can trade completely risk-free with a FREE demo trading account. Instead of heading straight to the live markets and putting your capital at risk, you can avoid the risk altogether and simply practice until you are ready to transition to live trading. Take control of your trading experience, click the banner below to open your FREE demo account today!

How to trade Bitcoin CFDs

Bitcoin is the eldest child in the cryptocurrency family. Dating back to 2009, this makes it substantially older and more established than its nearest cryptocurrency rival in terms of capitalisation. Because it is the most mature cryptocurrency, it shouldn’t come as much of a surprise that it generates the most headlines. In 2020, those headlines were plentiful, on account of Bitcoin’s remarkable growth in value. You can track Bitcoin’s 2020 gains in the chart below:

Source: MetaTrader 4 platform – BTC/USD daily chart – Data Range: 11 Apr, 2020 – 7 Dec, 2020

One way to profit from such increases in value is to actually purchase Bitcoin and store it in a Bitcoin wallet, with the aim being to sell it later at a higher price. A much simpler way to speculate on the value of Bitcoin is to trade BTC/USD using CFDs. All that’s required then is to open a live trading account, and you can then readily trade BTC/USD from a chart using a trading platform such as MetaTrader 4 (MT4) or MetaTrader 5 (MT5)

It’s worth stressing how volatile Bitcoin can be. Valuations in early 2020 pulled back substantially from the highs seen at the end of 2020, and this correction has been accompanied by some wild swings in price. Some traders might approach such volatility with caution, while others might interpret it as a trading opportunity, and others might see potential in shorting the price and looking for further falls. The choice, of course, is yours.

Learn to Become a Bitcoin Cash CFD Trader

Bitcoin Cash is what is known as an altcoin — a virtual currency that works fundamentally in the same manner as Bitcoin. In fact, Bitcoin Cash is simply an offshoot of Bitcoin, resulting from a hard fork in the blockchain. A hard fork is effectively a divergence in the transaction record into two separate and incompatible chains, each governed by a different set of rules. The hard fork in Bitcoin that created Bitcoin Cash arose from a bottleneck within the Bitcoin network, caused by the size of the blocks.

This constraint on capacity created a problem of higher fees and delays in transactions, and led to a section of the Bitcoin community seeking to increase the size of each block in order to ameliorate this scalability problem. Another section of the community wanted to keep things as they were, and in August 2020, the blockchain split. Bitcoin Cash adopted larger blocks in a new branch of the blockchain, and mainline Bitcoin continued with the original chain.

The clash is as much an ideological one as it is a technical one, with issues of decentralisation and security at the core of the argument. To keep tabs on how the price of Bitcoin Cash has changed over time, people trading with Admiral Markets simply need to follow these easy steps:

  • Login to their MT4 or MT5 trading platform with their Admiral Markets trading account
  • Right-click on the ‘Symbols’ window
  • Select ‘Show All’
  • Search for BCH/USD in the list
  • Right-click on this and select ‘Chart Window’

Source: MetaTrader 4 – BCH/USD Daily Chart – Data Range: 26 Dec, 2020 – 7 Feb, 2020

Litecoin Trading

Now that you understand the process of purchasing crypto CFDs, you might want to know the history of some leading coins. Litecoin began in 2020, when it was created by Charles Lee, whilst he was still an a employee at Google. Litecoin was, for a while, the second-largest cryptocurrency, gaining a reputation as being the silver to Bitcoin’s gold. It has in recent years been eclipsed by other newer cryptocurrencies though. Litecoin’s core aim was to provide an alternative to fiat currency for payment.

Though Litecoin is technically very similar to Bitcoin, it does offer faster transaction times and lower transaction fees, meaning that it is more suitable for smaller transactions. At the time of writing, Litecoin is the sixth-largest cryptocurrency in terms of market capitalisation. Aliant Payment Systems, a US-based payment services merchant, announced in February 2020 that they were adding Litecoin to their range of services, alongside Ethereum and Bitcoin.

Ethereum Investing

What is Ethereum? Ethereum (also interchangeably referred to as Ethereum and ETH) is a decentralised, blockchain-based computing platform. Which is to say, where Bitcoin is a currency pure and simple, Ethereum is a whole lot more. It takes the technology at the heart of Bitcoin – the tamper-proof public ledger known as a blockchain, and run by a network of nodes – and uses it as the infrastructure for a system that proposes to turn the way the cloud works on its head.

Rather than apps, payment services, and cloud storage being operated by single parties, Ethereum proposes a network wherein no single entity governs these processes. To use this network, you need Ether. Ether is a cryptocurrency that allows you to pay for transactions and services within the Ethereum network. You can therefore think of Ether as being the fuel that powers the platform.

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Ethereum vs Bitcoin

Ethereum offers substantially faster transaction times compared to Bitcoin, owing to its shorter block time – which is the mean amount of time for the network to generate another block within the blockchain. This also means lower transaction fees compared with Bitcoin.

Perhaps most interesting of all is that Ethereum offers smart contract functionality – a new technology that has been opened up by blockchains. Basically, a smart contract enforces the terms of a relationship with cryptographic code. Ethereum has quickly grown in popularity, and is currently the second-largest cryptocurrency by market capitalisation ($17 billion at the time of writing).

Ripple and XRP

What is Ripple? Ripple (sometimes also called Ripples or XRP) is a payment protocol that enables peer-to-peer money transfer. Like Bitcoin, it uses a public ledger for security that is constantly validated by a network of independent servers. Ripple is also the name of the company that runs the protocol, headquartered in San Francisco. Ripple is also used interchangeably for the native digital currency of the protocol.

The Ripple system was conceived as having a wider scope than Bitcoin, purporting to allow fast, secure financial transactions of pretty much any type. It doesn’t just support XRP, but all currencies in fact. Ripples are the tokens that support the payment system, and they are the third-largest cryptocurrency by market capitalisation (at the time of writing).

Users need to have a small reserve amount of XRP on their account to act as an obstacle for hackers attempting to flood the network with fake accounts. For similar reasons, each transaction incurs a tiny XRP charge to preclude a flood of fake transactions. Ripple does not use mining like Bitcoin to create new tokens (see the mining section below for more information).

Instead, the founders created 100 billion XRP at the beginning and stated that no more would be created, based on the rules of the protocol. Somewhat controversially, a large chunk of that XRP remains in the hands of the founders. There are questions of how decentralised the protocol actually is, but at the same time, this cryptocurrency and payment system has garnered attention from mainstream financial institutions in a way that has eluded other rival virtual currencies.

How Does Mining Fit into All of This?

If you have a passing familiarity with either Bitcoin or cryptocurrencies in general, you have likely come across the concept of ‘mining a digital currency’. In this context, what is mining exactly? To answer that question, we need to examine the creation of cryptocurrency. The terminology originated from Bitcoin and stems from the fixed number of Bitcoins that will ultimately exist (21 million) according to the Bitcoin protocol. Only a certain number of these have been ‘unearthed’ so to speak. Mining involves unearthing new cryptocurrencies, and this actually happens as a reward.

This ‘reward’ is an economic incentive given to a miner for the work completed in terms of creating new blocks of validated transactions, and therefore contributing to the upkeep of the network. It was also designed as an initial mechanism for distributing coins in the intentional absence of a central authority.

Cryptocurrencies rely on nodes. These are computers or servers that work together to exchange transactional information around the network. A mining node is effectively trying to win a race to solve a computational puzzle — an exhaustive search of possible inputs that when combined with data in the current block and passed through a cryptographic hash function, will give an acceptable solution.

The first node to do this ‘wins’ the race and adds a new block to the blockchain. This provides a new hash for the next block that defines the upcoming puzzle to be solved. The reward is a certain number of the cryptocurrency in question. For Bitcoin, this is currently 12.5 Bitcoin (at the time of writing). Solving the puzzle is made intentionally difficult to prevent someone going back to alter information in older blocks.

Modifying a past block in this way would also require you to redo the puzzle solving for all the newer blocks chained after it. The difficulty involved makes it extremely unlikely that such an attacker could keep up with the addition of new blocks by honest nodes. Boiling it all down to the nuts and bolts, the process was designed to issue a steady stream of Bitcoin, while also maintaining the credibility and security of the transactional history – without relying on oversight from some central authority.

The original Bitcoin proposal by Satoshi Nakamoto actually introduced the mining term, stating that: ”the steady addition of a constant amount of new coins is analogous to gold miners expending resources to add gold to circulation”.

Trading CFDs on Cryptocurrencies

Is the mining of Bitcoin profitable? Or should you instead mine Ripple or another cryptocurrency?

The short answer is: it’s not profitable for most people anymore. The Bitcoin protocol aims to yield a steady flow of tokens (one every ten minutes). It follows that the more people mining, the greater the difficulty of success. So back in the early days of Bitcoin, it would have been possible for an individual to profitably mine Bitcoin.

The competition now is so fierce though that extremely powerful, dedicated computer hardware is a necessity, running 24 hours a day. As you can imagine, this comes with an attendant cost in electricity that is substantial. Rather than mining as individuals, people pool their resources to set up ‘mining farms’. These are data centres running thousand of machines, located in areas with low electricity costs.

As an individual, it is actually much more convenient to trade the valuation of a cryptocurrency by using CFDs. Trading CFDs offers a quick, simple, and versatile way to speculate on the price of a variety of major cryptocurrencies. Now that you’re up to speed with the big names, let’s move on to actually getting started with trading cryptocurrencies.

How to Connect to a Cryptocurrency CFD Trading Account in MT4 or MT5

  • Open a Live Trading Account
  • Download MT4 or MT5 to use as your cryptocurrency trading platform
  • Open the platform and click on the ‘File’ tab at the top left of the screen
  • Select ‘Login to Trade Account’ and enter your trading account details
  • Open the cryptocurrency CFD chart of your choice
  • Click ‘New Order’ when you want to buy or sell

You can read more about opening an account and logging in to MetaTrader with article on How to Open a MetaTrader 4 Account.

Trade With MetaTrader 4

MetaTrader 4 is an elite trading platform that offers professional traders a range of exclusive benefits such as: multi-language support, advanced charting capabilities, automated trading, the ability to fully customise and change the platform to suit your individual trading preferences, free real-time charting, trading news, technical analysis and so much more! Click the banner below to receive your FREE MetaTrader 4 download!

Where Do I Find Cryptocurrency CFDs in the MetaTrader 4 Trading Platform?

If you can’t see the cryptocurrencies you want immediately in MetaTrader, just go to the MarketWatch window on the left-hand side of the platform. In that window, you should see a list of market symbols. This may not be an exhaustive list of all the markets that are available for you to trade with Admiral Markets, however. To see this list, just right-click in the ‘MarketWatch’ window and select ‘Show All’. You should now see cryptocurrency CFDs in the list of prices, as shown in the image below:

Source: MetaTrader 4 – BTC/USD hourly chart – Market Watch – Date Accessed: 8 February 2020

To launch a cryptocurrency chart, just click on the symbol and drag into the chart window on the right. Alternatively, right-click on the cryptocurrency of your choice and select ‘Chart Window’.

How to Open and Close a Position in the Ethereum Cryptocurrency CFDs

Placing an order on a cryptocurrency is very easy with MetaTrader 4. Let’s run through an example of how to open a cryptocurrency position using Ethereum. For this example, we used an enhanced version of MT4 by downloading and installing the MetaTrader 4 Supreme Edition (MT4SE) plugin. The MT4SE plugin is free to download, and gives your platform a big boost in terms of the available number of indicators and expert advisors.

Cryptocurrency Invest Example: Opening an ETH/USD Position

For this we used the Mini Terminal EA. Once you have installed MT4SE, you should see this listed as ‘Admiral – Mini Terminal’ in the list of expert advisors within your ‘Navigator’, as shown in the image below:

Source: MetaTrader 4 platform with the Supreme Edition plugin installed – A Mini-Terminal order ticket for ETH/USD – Date Accessed: 8 February 2020

First we opened a chart for the ETH/USD, and then double clicked on Admiral – Mini Terminal to launch the EA. As you can see, this gives you a small order ticket. We then chose ‘1 lot’ as the order size, and then by pressing ‘CTRL’ and then clicking in the S/L field (that is, the stop-loss field), we then opened up the S/L calculation dialogue box that you can see below the mini terminal in the image above.

This function allows you to specify the amount of risk you want to take on board with this this crypto position. You can define this as either as a flat amount in your account’s base currency, or as a percentage of your account’s free equity. The mini-terminal will then calculate the stop level for you that best matches your specified amount of risk.

Then, it’s as simple as clicking ‘Sell or Buy’ to take a position in your chosen cryptocurrency CFD. Optionally, you can also set a take profit level and/or a trailing stop. So, once you have taken a position in the cryptocurrency of your choice, how do you then go about closing the position? There’s more than one way to go about this. Let’s first look at closing just part of the position:

Example: Partial Closing of a ETH/USD Position

Sometimes, it can be beneficial to reduce your exposure by closing off a portion of your open position. You might, for example, want to realise some profit on a winning position, or perhaps lighten your size on a losing trade. Either way, by partially closing, you retain some exposure to future price moves. When you have opened a position you will see lines marked on the relevant cryptocurrency chart that represent your trade, and any associated stop-loss or take profit orders.

Source: MetaTrader 4 – Price data from Admiral Markets – ETH/USD hourly chart – Date Accessed: 9 February 2020.

In this example, a ‘Buy’ trade was placed, and our position is shown with a green box. Had we chosen to sell, this would be a red box instead. Clicking in this box opens a web dialogue window which offers you a variety of options, such as to amend any stop-loss or take profit orders you may have. We clicked on ‘Partial Close’, and you can see in the image above the dialogue that this option presents. We entered 0.5 into the Volume field, which would allow you to close off half of the 1 lot open position.

Example: Total Closure of ETH/USD Position

Closing your whole position is no more complicated than making a partial closure. All you have to do is make sure that your trading size is the same as the open position, and then deal in the opposite direction. We originally bought 1 lot of the ETH/USD to open the position. To close this, we would need to sell 1 lot of the ETH/USD. Just as in the example above, traders could click on the green box that represents their open position and this time, just click on the red ‘Close Order’ button, without first clicking ‘Partial Close’.

Source: MetaTrader 4 – Price data from Admiral Markets – ETH/USD hourly chart – Date Accessed: 9 February 2020.

An Easy Way to Get Started

So, now you’ve read about the different cryptocurrencies available to traders and how to trade them with CFDs, how do you take your first steps into the world of cryptocurrency trading? One smart way is to do so via a risk-free demo trading account. This allows you to explore the functionality of your chosen trading platform, and place orders on live cryptocurrency CFD prices, but without risking any money, until you feel confident enough to open a real position with a live trading account.

Trade Cryptocurrency CFDs With Admiral Markets

Are you ready to join the growing cryptocurrency market?

Admiral Markets enables professional traders to trade 24 hours a day, 7 days a week with the EUR and crypto cross, as well as the ability to go long or short on any cryptocurrency CFDs, with no actual crypto assets required for trading. Trade CFDs on BTCEUR, ETHEUR, XRPEUR, BTCUSD, and many more! Click the banner below to open an account and start trading!

About Admiral Markets
Admiral Markets is a multi-award winning, globally regulated Forex and CFD broker, offering trading on over 8,000 financial instruments via the world’s most popular trading platforms: MetaTrader 4 and MetaTrader 5. Start trading today!

This material does not contain and should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments. Please note that such trading analysis is not a reliable indicator for any current or future performance, as circumstances may change over time. Before making any investment decisions, you should seek advice from independent financial advisors to ensure you understand the risks.

The Big List Of HYIP, Forex, Binary Options, And Cryptocurrency Scam Websites 2020

By Nehemiah Isamotu on ALTCOIN MAGAZINE

(Last updated 2020)

Straight to the point.

1. My team and I did a thorough review of the following passive income, HYIP, crypto and investment platforms and found them to be screaming scams. If you are a representative of any of the following scam domains/website and wish to be removed from the list, kindly contact me with the necessary documents that will exonerate your platform.
2. If you wish to report a suspected scam platform, kindly contact me on telegram (username: @Bett1). Also follow me here for updates. Thank you.
3. See part 2 of list here
4. Have you ever been scammed? See the 5 steps to take immediately here.

Recently added scam platforms

  • kangot.com
  • erafx7.com
  • million.money (pyramid scheme see honest review here)
  • smarway.run (pyramid scheme see honest review here)
  • purchasesharesonline.com (see review here)
  • mind.capital
  • england-bankltd.com
  • www.first-real-transac.com (founded by business man turn scammer, Mickael Mosse. Known for the $20 million cubaaz scam. Linkedin Profile — https://www.linkedin.com/in/mickaelmosse)

The Scam Sites In Alphabetical Order.

( many shutdown their websites once caught)

Digits

abxmarketoption.com
acetradeoptions.com
acmetradeway.com
acrony.io
activetraders.club
ainainvestment.com
alphabits.ltd
americantradingcouncil.com
ameritradeoptions.com
amfeix.com
anchorlimited.com
automaticfxoption.com
alphaoptionstrade.com
apeloptions.com
atmxnet.com
automatedequity.com
auxiliaryoption.com
auxiliarymine.com
axtradeoptions.com
azcoinsoption.com

betaoption.net
Binance 5000 BTC give away scam (websites: medium.com/@binance_official; https://giveaway-transfer.com)
binancetrade.live
binarycent.com
binarycashflow.com
binary99.com
binarygiantfunds.com
binaryfxoptions.com
binarrylite.com
binarytrade360.com
binoptia.com
bingoptionstrade.com
bitglobe.ga
bitcoinassetfund.io
bitcoinexpress.ltd
bitcoingoldexpert.com
bitcoinminingplan.com
bithousemining.net
bitoption24.com
bitmaxtrade.com
bitnexoption.com
bitworldzone.com
bitsyfarm.com
bixininvestmentinc.com
bofxsmartoption.com
boptions360.com
bossinternational.com
bostrades.com
botrades247.com
boxvalue.biz (Telegram — https://t.me/joinchat/LnLxFU6unBJFvVCbaBDDaA ; Channel — @BOXVALUECHANNEL )
bqoptions.com
brave-options.com
btc2x1.com
btx-coin.online
btcbinaryworld.com
btchunters.net
btcinvest247.uk
btcbinarymate.com
btcexcelinvest.com
btcpaying.com
btcrevenue.org
btmglobal.info
btxoption.com
bullionoption.org
bulliontrade24.com
bull-option.com
buloption.com

capitalmult.com
capitaloption.net
cdftradeoption.com
cfds100.com
chaptersinvestment.com
clockoptions.com
confiancetrades.com
coin-extract.com
coinfame.info
coinhub.com
coinsearning.org
coin-increase.com
coinxo.tech
coinxroll.com
coin-profit.uk
cominer360.godaddysites.com
credit-trade.com
crestoption.com
crowd1.com (Telegram: https://t.me/CrowdOneWorldwide ; Facebook: https://www.facebook.com/Crowd1Worldwide)
crypto606.online
crypto-base.live
crypto-earning.ltd
crypto-gain.com
cryptoption.org
crypto24option.com
cryptobi.info
cryptocapitalfx.com
cryptomarket-fx.com
cryptotradingltd.com
cryptstakes.com

ecoingroup.com
elite360options.com
england-bankltd.com
equitytrade24.com ?
erafx7.com
escoptions.com
etorooption.com
eurous.net
everfx.com
everfxglobal.com
expertcryptotrade.com
Express crypto trade telegram group
expressreturn24.com

fairtradeoption.com
fastpayoption.com
fieldminingoption.com
first-options.org
first-real-transac.com (founded by business man turn scammer, Mickael Mosse. Known for the $20 million cubaaz scam. Linkedin Profile — https://www.linkedin.com/in/mickaelmosse)
fixtradeoption.com
@forexandbinaryworldtrader telegram channel
forexcryptostock.com
fundsoption.com
fxboptions.com
fxbioptions.com
fxbit-trade.com
fxcryptoflow.com
fxcryptomine.com
fxcmoptions.com
fx-premium.com
fxtradeoption.com
fxtradesmart.com
fxtrade11.com
fxtrade247.com
favoritefxtrading.com
favouriteoptions.com
fluxbtc.com
ftboptions.com

gain24option.com
globalbotpay.com
goldenexperttrade.com
grahamalpha.com
gramoption.com
grilloption.com
globalcoinsmine.com
globalfxmate.com
globalsafedeposit.com
glowcoins.com
greenerforex.com
guaranteoptions.com

hash-connect.net
hightradebn.com
heightoption.com
hqoptions.com
hugosway.com (The username of one of their agents on instagram: cathy_cryptolady)

istockoptions.com
iqcryptoinvest.com
iqtradeopt.com
iqtradeoption.com
iq-tradeoption.com
imsmarkets.com
ingeniousplc.com
investmenttradingoptions.com
instant-invest.com
ikryptobot.com
impulse.ac

laxtradeoption.com
Lexcapital (HYIP Scam)

racksterly.co
realprice.live
redbnoptions.com
rediffbase.com
Rexagonline.com
ricltdincome.com

safetradeoption.com
sanzeprofit.com
satoshinakamotoblog.com (owned by scammer Mickael Mosse, CEO of the scam company Cubaaz that scammed employees and investors over $20 million (read about Cubaaz scam here or just google Cubaaz). Mickael’s mobile number — +34603501221; Telegram — @Satoshinakamotoblog_off; Other ventures — First Real Transac Holding, crbank.io)
savingsoption.com
skyfxhub.com
slitrade.com
smartnationfx.com
smartoptioners.com
smartoptionbn.com
socialprofimatic.com
softradeai.com
speedoptions.co
springstrade.com
stockpair.com
stocks-option.com
supertradeoption.com
sureforextrade.com (See my review of the sureforextrade ‘scam’ platform here.)
swiftoption24.com
swiftoptiontrader.com
swing-options.com
swizzextra.info

tagz.com
tender-expert.net
thriveoptions.com
traceoption.com
tradefist.com
trademaximum.com
trade-option.org
trade2gainfx.com
tradeoptions.live
tradeoptionbn.com
tradeoption24.net
tradeopture.com
tradelyn.net
tradeprime24.com
tradersvolt.com
tradesoption24.com
tradeoptions24.com
traderushinvestment.com
trade2winoptions.com
tradewayop.com
traderschoiceoption.com
trade360option.com
tradingepic.com
trustedoption.net
@TrustedTrade on telegram ( https://t.me/joinchat/AAAAAFHMVtJ_R36WxEcIVw )
trustexpertoptions.com
tyovo.com

(To see my short list of recommended investment platforms, click here )

Best Binary Options Brokers 2020:
  • Binarium
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  • Binomo
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    Good Choice For Experienced Traders!

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