Spreadfor Bitcoin Cash
Offers two ways to trade: Forex, CFDs
CySEC, Financial Services Boar...
Popular for Bitcoin Cash (BCH)!
566 traders clicked on Markets.com this month.
Offers two ways to trade: Forex, CFDs
Financial Conduct Authority an...
The Ultimate Guide to
Choosing a Broker
For Bitcoin Cash (BCH)
Not sure which broker is right for you?
Don’t worry - we’ve got you covered. In this guide, you’ll learn:
- Why Markets.com scored high for bitcoin cash (bch) (Jump to section)
- Who Markets.com is (and isn’t) suitable for (Jump to section)
- An in-depth feature comparison of the top #3 brokers (Jump to section)
- An overview on bitcoin cash (bch) (Jump to section)
What is the Best Trading Platform
for Bitcoin Cash (BCH)?
Markets.com scored best in our review of the top brokers for bitcoin cash (bch), which takes into account 120+ factors across eight categories. Here's the full list of all the brokers we considered.
The following brokers allow bitcoin cash (bch) on their platform:
Here are some areas where Markets.com scored highly in:
- 10+ years in business
- Offers + instruments
- A range of platform inc. MT4, MT5, Web Trader, Tablet & Mobile apps
- 24/7 customer service
- Tight spreads from pips
- Used by + traders
- Allows hedging
- 2 languages
- Leverage up to 100:1
Markets.com offers two ways to trade: Forex, CFDs. If you wanted to trade BITCOIN CASH through copy trading or other means, skip to part two.
The two most important categories in our rating system are the cost of trading and the broker’s trust score. To calculate a broker’s trust score, we take into account a range of factors, including their regulation history, years in business, liquidity provider etc.
Markets.com have a B trust score, which is good. This is largely down to them being regulated by CySEC, Financial Services Board, segregating client funds, being established for over 10 years, and much more. For comparison:
Trust Score comparsion
|Regulated by||CySEC, Financial Services Board||Financial Conduct Authority and ASiC|
|Uses tier 1 banks|
|Segregates client funds|
The second thing we look for is the competitiveness of the spreads, and what fees they charge. We've compared these in detail in part three of this guide.
Who Markets.com is (& Isn’t)
As mentioned, Markets.com allows you to trade in two ways: Forex, CFDs.
- CFD Trading
- Forex Trading
Markets.com offer a wide range of instruments to trade including forex pairs, stocks, indices, and cryptocurrencies . In fact, they’re one of the few brokers to offer not only Bitcoin trading but also Ripple, and many more. In the following section we’ve listed Markets.com’s spreads for a range of popular instruments. You can also see a more detailed breakdown of how Markets.com’s spreads compare in this Markets.com review
Finally, Markets.com isn't available in the following countries: AF, DZ, AS, AO, AU, BE, BA, BR, KH, CA, CN, CU, KR, GU, GY, HK, ID, IR, IQ, IL, JP, LA, MO, MY, MM, NZ, MP, PA, PG, PH, PR, RU, SG, KR, SD, SY, TW, TH, TR, UG, VI, VU, USA, VN, YE.
A Comparison of Markets.com vs. ThinkMarkets vs.
Want to see how Markets.com stacks up against ThinkMarkets and ? We've compared their spreads, features, and key information below.
Spread & fee comparsionThe spreads below are illustrative. For more accurate pricing information, click on the names of the brokers at the top of the table to open their websites in a new tab.
|FTSE 100 Spread||2||N/A|
|Ripple spreads from||0.003||N/A|
|Dash spreads from||N/A||N/A|
|Litecoin spreads from||N/A||N/A|
|Bitcoin spreads from||12.0||N/A|
|Ethereum spreads from||N/A||N/A|
Comparison of account & trading features
|Accounts offered||Mini account, Islamic account, standard account, VIP account||Mini account, ECN account, Islamic account, standard account, VIP account|
|Platforms||MT4, MT5, Web Trader, Tablet & Mobile apps||MT4, Mac, Web Trader, Tablet & Mobile apps|
|Risk management features||Limit order, one click trading, trailing stops, price alerts and negative balance protection||Guaranteed limit order, limit order, one click trading, trailing stops and price alerts|
|Funding methods||Payoneer, Credit cards, Bank transfer, PayPal, WebMoney, DebitCard,||Payoneer, Credit cards, Bank transfer, Neteller, BPAY, UnionPay, FasaPay, DebitCard,|
What is Bitcoin Cash?
Having come into existence as recently as August 1st 2017, Bitcoin Cash is the newest of the popular cryptocurrencies. A new cryptocurrency launching is generally not an event of particular note, with over 900 in existence at the last count. Very few new cryptocurrencies gain any real traction, particularly those that have no unique and defining quality to set them apart and demonstrate that they add value beyond existing cryptos.
Bitcoin Cash, however, within a few months of its launch, is the cryptocurrency with the fourth highest market capitalisation, over $25,832,302,885. Behind only Bitcoin ($179,379,328,671), Ethereum ($99,424,513,053) and Ripple ($46,193,716,062). When it comes to gaining adoption traction, Bitcoin Cash has had a unique advantage. It’s actually an offshoot of the original Bitcoin, coming into existence as a result of a ‘hard fork’ in the Bitcoin blockchain initiated on August 1st 2017.
Bitcoin Cash’s blockchain is an exact replica of that of Bitcoin up until August 1st, at which point the two, now unique, cryptocurrencies forked into two distinct blockchain ledgers.
Bitcoin (BTC) vs Bitcoin Cash (BCH)
The hard fork in the bitcoin blockchain that resulted in the emergence of Bitcoin Cash came as a result of a dispute within the bitcoin community on how to best resolve a scalability issue the dominant cryptocurrency was facing. The blockchain ledger system that verifies and validates ownership and transactions of Bitcoin is made up of a chain of peer-to-peer verified data blocks in which all historical transactions are recorded. Each of these blocks is of uniform size and contains transaction data and the individual key signatures of senders and recipients. As the volume of bitcoin transactions increased these data blocks were filling up more quickly. Bitcoin’s software protocol limited the pace at which new blocks of roughly 1MB could be verified and added to the blockchain to one every 10 minutes. This was leading to backlog of transactions waiting to be verified, which meant paying by or exchanging Bitcoin was becoming gradually less efficient.
The solution to the problem proposed was a technology change to the Bitcoin protocol termed ‘segregated witness’ or SegWit2x. This involved removing the signature data from transactions, which accounts for up to 65% of the total data in a block. Signature data was to be stored in a separate interlinked blockchain thread running parallel to the main blockchain. This would increase the number of transactions that each block could hold, increasing the speed of the verification process.
Some miners and developers were opposed to this solution, considering it to be both in conflict with the bitcoin ‘roadmap’ set out by founder ‘Satoshi Nakamoto’ and also as not effectively addressing the scalability issue longer term. The counter-proposal was to simply increase the size of the blocks in the blockchain to 8MB. The difficulty level of verifying these larger blocks was also made adjustable so that regardless of the number of transactions being processed, and number of miners verifying them, the verification speed would not drop. SegWit2x advocates believed this solution compromised the blockchain’s security and deadlock was reached with neither party having a large enough majority within the community to reach the consensus rules set by bitcoin’s software protocol.
The result was the hard fork in the blockchain on August 1st. With neither party verifying the kind of blocks being verified by the other, the blockchain split in two. The SegWit2x fork, which had majority support, continued as bitcoin, and the 8MB blocks fork became bitcoin cash.
Advantages of Trading Bitcoin Cash with a Regulated Online Broker
Bitcoin Cash can now be traded with regulated online brokers using CFDs, along with other major cryptocurrencies. Trading bitcoin cash with a CFDs broker means that traders can gain exposure to the cryptocurrency’s price changes without owning actual bitcoin cash. Traditionally, buying cryptocurrencies involves setting up an online or offline wallet, not all of which currently accept bitcoin cash and creating an account with a cryptocurrencies exchange, also not all of whom offer bitcoin cash.
Trading bitcoin cash with a regulated online broker using CFDs also allows the trader to go short and take a position on bitcoin cash’s exchange value dropping, not only rising. It also allows traders to take shorter-term positions on price, from just a few hours.
Choosing a regulated online broker is important from the point of view of safety. Holding an account with a regulated broker protects clients in the case of the broker collapsing as client funds are held in segregated accounts and in the worst case scenario compensation would be paid by the financial regulator. Should this happen to a non-regulated broker, the client would almost certainly lose everything in their trading account.
Non-regulated brokers also often have small print attached to bonus offers that subsequently make withdrawals from a trading account difficult. A further issue is a lack of regulatory supervision to ensure asset pricing is legitimate and consistent and trades are opened and closed without slippage which can manipulate the end result of a trade.
The Fundamental Influences of Bitcoin Cash
Cryptocurrencies are generally influenced by different market considerations from fiat currencies and other traditional asset classes. Because they are not tied to any particular geography or nation, geo-political events do not have a major influence on price direction, nor does economic data.
The main driver of cryptocurrency values is the rate of adoption and extent of supporting infrastructure such as wallets, exchanges and vendors accepting the cryptocurrency. Sentiment on future prospects for mainstream adoption is also key. As such, statements and developments around government policy, acceptance by mainstream financial institutions and vendors of goods and services are the main fundamental drivers of cryptocurrency values, including bitcoin cash.
As a new cryptocurrency resulting from the bitcoin civil war, bitcoin cash’s price is currently primarily being driven by sentiment around its prospects for survival as a genuine alternative to bitcoin. Major exchanges or wallet providers deciding to accept bitcoin cash as well as the dominant bitcoin fork is key to its future, and therefore value. Subsequently, whether vendors of goods and services begin to accept payments in bitcoin cash will be decisive.
Bitcoin Cash Quick Facts
Launch date: August 1st 2017
Launch value: $767.77.
Lowest and highest levels to date: within 2 days of its launch, bitcoin cash’s exchange value dropped to $206.84, its lowest level to date. A subsequent recovery was again followed by a steady slide down but on November 10th 2017, bitcoin cash passed its launch price for the first time to reach $819.2.
Daily exchange volume (as of Jan 29th 2017): $28,472,398,496
First brokers to offer bitcoin cash trading: Avatrade and Admiral Markets both started to offer CFDs on bitcoin cash from August 2017.
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