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Spreads on crypto


Guest mjr6

Question

Hello,

Can you please review your spreads on crypto, given the current prices levels. For instance, the spread on ripple is now at 8% to buy and sell this instrument.

 

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19 hours ago, TrendFollower said:

There is about a 50 point spread on Bitcoin and Ether is around 10 points.

The way the crypto spreads are structured are to give the advantage to IG. The key is to wait for the big trends to materialise and when they do then trade otherwise wait on the sidelines patiently.

The positive news is that at least IG have lowered the spreads on cryptos from where they were. It is a fine balance for IG to give them the advantage but at the same time not discouraging any traders in using IG to trade cryptos. 

Hey - the spread is actually structured to give you the best avaliable price and the tightest possible difference between the buy and sell. There is no way we would be able to offer this asset with a tighter spread - the main reason for this one is a complete lack of liquidity when dealing in size on a leverage account. You can read more on that via the mega thread here under section three - FAQ's >> https://community.ig.com/forums/topic/2300-cryptocurrency-mega-thread/

 

 

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