Bitcoin Futures at Interactive Brokers. First things first. Interactive Brokers offers Bitcoin Futures on both the CBOE and CME exchange, with the lowest margin . Bitcoin Futures began trading on the CME using the underlying symbol BRR on December 18, Contract specifications are available on the CME website. Additional information on trading Bitcoin Futures with IBKR is available in our Knowledge Base. BaseFEX is a broker for trading derivatives such as Bitcoin futures, for example. The team of this company is located in Hong Kong, though it is registered on the Seychelles. There are two tabs for traders to choose from: BTC settles and USDT settled. All the trading pairs can be found lower next to multiple charts which can be helpful for traders.
What brokers have bitcoin futuresBitcoin | Interactive Brokers
The entire program is engineered to appeal to these experienced traders, with the advanced platform, the fee structure, and the account minimums all targeting that particular demographic. Every Interactive Brokers review you will read on the internet will stress that the product is not at all designed for beginning or even intermediate traders. Some of the advantages and disadvantages, which we will run through in a minute, are irrelevant for bitcoin futures traders in particular.
And of course, the per-share commission structure which is so favored by high-frequency traders simply is not relevant for bitcoin futures. Of course, if you do plan to use interactive brokers, you best be ready for the trader workstation, the Moby Dick of online platforms, with people spending a lifetime on an obsessive quest to master it.
First things first. Few things jump right out. For those planning to go short, we have no idea what the deal is with the crazy margin going on here.
It might be, in retrospect, that IB was concerned that large traders would manipulate the market by buying massive amounts of bitcoin pre-launch, shorting the futures markets, and then crashing the market by dumping all their bitcoin. I guess our point is — if you are interested in longing bitcoin futures only — then Interactive Brokers is a suitable choice despite higher fees, thanks to the lowest margin requirements amongst its direct competition.
Interactive Brokers provides the lowest fee schedule in the market, which is of utmost interest to anyone reading this, aside from bitcoin futures-only traders where the fees are sort of rubbish.
So it is not really close on the fees — which makes one wonder why bitcoin futures are priced so highly above the rest of the market, but we digress.
The Trader Workstation services a global clientele, and so the platform is directly connected to multiple global exchanges and offers tons and tons of international instruments — which is great if you trade the international markets, but the various similar symbols can get a bit overwhelming.
I compared this to the competition, and this is well more than offered anywhere else. There are about different technical indicators, which is more than someone like me could ever hope to use, but substantially trails competitors like Ameritrade. Multiple trading platforms may be plugged in using Interactive Brokers robust API, and we found that many traders prefer trading Interactive Brokers via NinjaTrader which is compatible.
To get started, you first need to open a TD Ameritrade account and indicate that you plan to actively trade. To request access, contact the Futures Desk at Please note that the TD Ameritrade margin requirement for bitcoin futures products is 1. Funds must be fully cleared in your account before they can be used to trade any futures contracts, including bitcoin futures.
Wire transfers are cleared the same business day. While futures products still carry unique and often significant risks, they can potentially provide a more regulated and stable environment to provide some exposure to bitcoin as a commodity as well. You should carefully consider whether trading in bitcoin futures is appropriate for you in light of your experience, objectives, financial resources, and other relevant circumstances. Please note that virtual currency is a digital representation of value that functions as a medium of exchange, a unit of account, or a store of value, but it does not have legal tender status.
Virtual currencies are sometimes exchanged for U. Their value is completely derived by market forces of supply and demand, and they are more volatile than traditional fiat currencies. Profits and losses related to this volatility are amplified in margined futures contracts. I want to trade bitcoin futures. Can I be enabled right now? In addition to futures approval on your account, clients who wish to trade bitcoin futures must receive the CFTC and NFA advisories on virtual currencies provided below.
How can I check my account for qualifications and permissions? Am I able to trade bitcoin? We offer the ability to trade bitcoin futures contracts, much like we offer futures contracts for gold, corn, crude oil, etc.
Fair pricing with no hidden fees or complicated pricing structures. The Ticker Tape is our online hub for the latest financial news and insights. Here are a few suggested articles about bitcoin:. Bitcoin and Cryptocurrency Understanding the Basics. For additional information on bitcoin, we recommend visiting the CFTC virtual currency resource center.
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