One of the most promising cryptocurrencies today is Ripple (XRP).
Some experts see this altcoin becoming one of the major players in the global financial system with its cross-border settlement service RippleNet already partnered with over 200 financial institutions.
Here’s our take:
Blockchain technology continues to rise at steady rate and the next cryptocurrency boom can happen at any time.
But that doesn’t mean that you need to wait for the next big bull run before you invest in Ripple.
There’s a simple investment instrument which allows you to make a profit REGARDLESS if the value of XRP is going up or down.
Interested to know more? Continue reading to find out.
The cool thing is…
If you want to trade this emerging cryptocurrency without the complexities of a digital exchange then trading contracts for difference (CFD in short) with a trusted provider like Plus500 is the best option.
We’ve done a comprehensive review of this broker so if you want to know more about it, you may do so by clicking here.
CFDs in a nutshell
A CFD is an investment vehicle in a which a trader (that’s you) and a brokerage company agree to pay the difference between the opening price and closing price of an underlying asset (Ripple in this case).
When trading CFDs, you don’t own the asset and are simply speculating on its increase or decrease in value.
The outcome of your contract can be one of the following:
Advantages of Trading Ripple CFDs with Plus500
Now let’s take it somewhere awesome…
With Plus500, you can trade starting with just an initial deposit of $100 on your account.
And with the use of leverage, it enables you to multiply your exposure to Ripple so you can place a buy or sell contract with bigger volumes.
How can you actually use this?
This broker allows you to trade cryptocurrencies with leverage of up to 1:30.
This means that with just $100 on your account, you can gain the effect of a capital that is amplified 30 times which translates to $3,000!
The platform comes with integrated real-time quotes and indicators which you can utilize for FREE.
So in essence…
Having access to these updated and informative tools will give you the advantage of being a more informed trader.
Pretty cool, right?
Integrated Risk Management Tools
Using the advanced and intuitive platform of Plus500, you will have more control over your positions and manage the risks thanks to their suite of risk management tools:
- Close at Profit (Stop Limit) or Close at Loss (Stop Loss)
- Guaranteed Stop
- Trailing Stop
This gives you flexibility so you can lock in your profits or limit the possible losses that you may incur from your trades.
And to top it off…
The beauty of CFDs is that it covers several instruments and not just a particular asset.
With Plus500, you will be able to invest not just on Ripple and other cryptocurrencies but other financial instruments as well.
Currently, the platform offers over 2000 instruments giving you more ways to expand and diversify your portfolio!
That means there’s no need for you to switch to another broker should you plan to explore other markets because you can access them all with the same optimal conditions that Plus500 offers.
Interested to Trade Ripple?
Any time is a great time to invest on this digital currency.
And the great thing is that you have the opportunity to trade on XRP CFDs with this trusted and licensed CFD service provider!
A click on the button below will bring you straight to Plus500’s Ripple trading page so go ahead and give it a try!
Practice risk management at all times.