Broker that allow you to go short and their supported cryptocurrencies

Traders who are trading with cryptocurrencies can usually take only a long position but there are brokers that offer “short trading” with coins. When you short a coin you are expecting for the price to go down instead of up and cryptocurrency trading has been supported by several brokers that offer you to go short currently. It’s not a good idea to hold a short position for long periods of time or to leave an open short position with no stop-loss order. The ability to earn big profits is substantial but losses can also be very big and traders should always have this in mind. I would recommend everybody to use risk management techniques to limit losses for this type of trading with cryptocurrencies.

Supported cryptocurrencies

When we talking about the comparison of brokers that allow you to go short,  some brokers offer a wide range of cryptocurrencies. Since it was founded in 2006 AvaTrade has carved a reputation as a leader of the revolution in online trading. Supported digital currencies on AvaTrade include: ETHEREUM, DASH, RIPPLE, ETCUSD, BTCUSD, BTCEUR, BTCJPY, LITECOIN Mini, XMRUSD, NEOUSD. All pairs can be shorted and this broker takes care of every type of trader, presenting a wide selection of trading platforms for manual as well as automated trading. IQ Option is one of the world’s fastest growing brokers that also allows you to go short. Traders are able to trade: Bitcoin, Bitcoin Cash, Ripple, Ethereum, Santiment, Monero, OmiseGo, Dash, Ethereum Classic, Zcash, Litecoin and IOTA. According to the user reviews, IQ Option offers a very good trading platform with a wide range of analysis tools. eToro allows traders to trade Bitcoin, Ripple, Litecoin, Ethereum and Ethereum Classic. Short positions on Bitcoin are still traded on this platform in the form of a CFD (Contract for Difference). The trading platform offers simpleness with good functionality, traders are able to connect with other traders, discuss trading strategies, and use eToro’s patented CopyTrader™ technology to automatically copy their trading portfolio performance. This company dedicates a huge amount of attention to the professional preparation of beginner traders, while at the same time providing for the highest level needs of the most sophisticated players in the market. With Plus500, traders can trade the world’s most popular cryptocurrencies: Bitcoin, Bitcoin Cash, Ethereum, Bitcoin Gold, Ripple, NEO, Litecoin, Monero, Dash and Zcash. Plus500 offers a web-based platform that is very easy to use, download version and mobile trading platforms for iPhone, Android and iPad. According to user reviews, Plus500 offers simpleness with good functionality and it is not surprising that Plus500 is one of the most popular names in online trading. All of this brokers have spread and overnight fee according to the market conditions and you can always check this on their official websites. It is a very important to find the right broker but there are only a handful of brokers that allow shorting and have good liquidity. Brokers that are mentioned above are very good and have good liquidity.

 

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