Plus500.com offers a bitcoin CFD that is based on the price feed for BTC-E. The spread is usually around $7 or 1.43%. A minimum deposit of $25 is not required to open an account. Additionally, the company offers a $25 bonus with no deposit. Plus500 does not offer MetaTrader 4. Maximum leverage to open a bitcoin position at the moment is 17:1. The required margin to keep the position open after opening is 3%, or approximately 33:1. The rest of the Terms and Conditions for Plus500 Bitcoin FX can be found.
Conditions for the CFD are subject to change. The maximum leverage was lowered from 20:1 to 1 during the huge bitcoin rally of November 2013. This was not atypical for that time period, as other forex brokers using bitcoin CFDs implemented similar restrictions to reduce their risk exposure. You should be aware that terms can change at any moment by the instrument provider if you choose to get bitcoin exposure through a CFD.
Plus500 is well-regulated by the UK’s FCA and Australia’s ASIC. USD deposits are not allowed for US clients.
Trade Bitcoin With Bitstamp
BitStamp currently has the highest trading volume according to BitcoinCharts. You can either buy bitcoins in USD or sell them to get USD. BitStamp only allows you to trade BTC/USD. The exchange does not offer other cryptocurrency pairs. Depositing Euros will convert the Euros into USD and be deposited to your BitStamp Account. There is no minimum account requirement and there is no leverage. Shorting is not possible. The exchange accepts wire transfers in US dollars from US clients.
BitStamp has not been regulated. This is not unusual for bitcoin-only businesses. The industry is still relatively new, and regulations have yet been developed by the relevant authorities. The company is UK-registered and adheres to the Know Your Customer and UK Anti-Money laundering laws.
BTC–E is most likely to be based in Bulgaria. However, no proof of registration has been provided by the anonymous owners. Although the exchange is a bit of a black hole at the moment, it seems to be functioning well for now without major issues. According to BitcoinCharts, it is currently the second largest bitcoin exchange in terms of trading volume. BTC-E offers two kinds of accounts: a MetaTrader 4 account (MT4) and a main account. The main account does not offer leverage or shorting capabilities. The MT4 account offers more flexibility. You will need US Dollars to fund your MT4 accounts. You must first sell any bitcoins or other cryptocurrency you have on your exchange account for USD. Then, use the dollars to fund you MT4 account.
BTC-E offers bitcoin trading as well as three additional virtual currencies in its MetaTrader Option: Litecoin (Namecoin), and Peercoin (Peercoin). USD, EUR, RUB are the available fiat currencies. These six currencies can be combined to create a total 11 cryptocurrency pairs.