IG International Limited receives services from other members of the IG Group including IG Markets Limited.Altcoin, short for alternative coin, is any cryptocurrency other than market leader Bitcoin. IG International Limited is part of the IG Group and its ultimate parent company is IG Group Holdings Plc. The information on this site is not directed at residents of the United States and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation. ![]() IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. The information in this site does not contain (and should not be construed as containing) investment advice or an investment recommendation, or an offer of or solicitation for transaction in any financial instrument. IG International Limited is licensed to conduct investment business and digital asset business by the Bermuda Monetary Authority. You should consider whether you understand how this product works, and whether you can afford to take the high risk of losing your money.ĬFD Accounts provided by IG International Limited. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail client accounts lose money when trading CFDs, with this investment provider. The risks of loss from investing in CFDs can be substantial and the value of your investments may fluctuate. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. Consequently any person acting on it does so entirely at their own risk. ![]() No representation or warranty is given as to the accuracy or completeness of this information. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. This information has been prepared by IG, a trading name of IG Markets Limited. You’ll get $10,000 to trade different altcoins – or bitcoin itself – to see how these assets behave, and familiarise yourself with managing risk when trading crypto. If you’re not ready to trade the live markets just yet, you can always build your confidence with our risk-free demo account. Set you position size and any stops or losses.Search for your opportunity in our trading platform.Instead, when you trade, you’re using CFDs to ‘buy’ an altcoin if you think its price will increase or to ‘sell’ an altcoin if you think its price will fall. You won’t ever take direct ownership of the coins, so you won’t need to worry about creating an exchange account or virtual wallet. Trading altcoins means that you’re taking a speculative position on the price of a coin rising or falling. ![]() ![]() For now, they’re relegated to the side lines of the crypto space – with bitcoin reigning supreme, with that trend set to continue for some time. The future outlook for altcoins is mixed, and the expanded use of crypto as a mainstream form of currency will no doubt be needed for altcoins to catch on in the mainstream.
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