Pepperstone, an ASIC-regulated forex and CFD broker, has announced it is adding CFDs on some of the most popular cryptocurrencies to its portfolio.

Clients of Pepperstone can trade in CFDs on Bitcoin, Ether, Dash and Litecoin, without the need of having a crypto wallet or purchase actual alt-coins. Trading is available across all platforms offered by Pepperstone (MetaTrader 4 and 5 and cTrader), with an existing client account and an access to institutional grade spreads and trade execution.

The leverage can be up to 1:20, which is higher than most cryptocurrency exchanges that offer leveraged trading in actual cryptocurrencies, like Kraken, CexIo, BitFlyer and Coincheck.

Additionally, Pepperstone allows traders to hedge their positions and does not charge and commission. The broker, however, notes that trading in cryptocurrencies can carry significant risks and prices are much more volatile than traditional currencies.

Pepperstone is an Australian ECN forex broker. It is regulated by the Australian Securities and Investment Commission (ASIC) and UK's Financial Conduct Authority. The broker offers trading in more than 70 forex pairs and CFDs on MetaTrader 4, 5 and cTrader, with a minimum required deposit of GBP 100.



The broker is the latest to join the growing ranks of “traditional” forex brokers who are expanding their portfolio with CFDs on the largest cryptocurrencies. Some, like eToro, have expanded their instrument list with special investment crypto funds and trading in actual alt-coins. Others, like Swissquote, teamed up with the cryptocurrency exchange Bitstamp to offer trading in bitcoin.