Access the Leading Cryptocurrency. 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. Knowledge Base. Before December , BTC Futures have exclusively been tradable on BTC deposit-based Bitcoin Futures Brokers such as BitMEX (or OKcoin, which is one of the biggest Chinese Bitcoin trading platforms). As BitMEX is a platform which only accepts BTC deposits, the market was only used by people (retail traders) for whom Bitcoin deposits were possible. 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. If you are a client who is already approved to trade futures at TD Ameritrade, please contact our Futures Desk at or email us to request access to trade /BTC.
Brokers trading bitcoin futuresHow to Trade Bitcoin Futures | TD Ameritrade
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.
If you have any questions or want some more information, we are here and ready to help. Get answers on demand via Facebook Messenger. Tweet us your questions to get real-time answers. Prefer one-to-one contact? NinjaTrader is the preferred futures broker for most people.
Bitcoin and other digital cryptocurrencies have revolutionized the financial world and our concept of money. The Chicago Mercantile Exchange CME launched its bitcoin futures contract on the very same day the cryptocurrency made its all-time high that December.
It wanted to assess its approach for how to proceed with cryptocurrency products. NinjaTrader is a powerful derivatives trading platform specializing in futures, forex and options. The platform has a number of unique trading tools.
NinjaTrader hosts its own brokerage services but users have their choice of several different brokerage options. Accounts have minimums depending on the securities traded and commissions vary depending on the version of the platform. The free version, which is included with all brokerage accounts is a great starting platform for new traders without the financial commitment. As you grow in your trading and are ready for more tools and functionality, you can add more complexity.
TradeStation is for advanced traders who need a comprehensive platform. The brokerage offers an impressive range of investable assets as frequent and professional traders appreciate its wide range of analysis tools.
The first thing to know about how to trade bitcoin futures is that no bitcoins are involved. In other words, since the futures are contracts that settle financially in cash, no bitcoin actually changes hands. As in other futures contracts, you speculate on the price of bitcoin and not buying or selling the underlying cryptocurrency asset itself.
No cryptocurrency trading platform or wallet is needed. This is because futures contracts either settle financially on the delivery date or are offset by traders reversing out of their positions as the delivery date approaches. If the buyer or seller of a bitcoin futures contract holds the position and shows a profit on the delivery date, then the difference between the purchase price and the settlement price is paid out to the holder of the futures contract.
This aggregates activity in Bitcoin trading across major bitcoin spot exchanges between 3 p. CST Sunday through Friday. An hour of inactivity between 4 p. The listing cycle for the bitcoin futures contract is the March quarterly cycle, consisting of March, June, September and December, plus the nearest two serial months not in the March quarterly cycle. The last day of trading is the last Friday of the contract month. Trading in futures set to expire terminates at 4 p. GMT on the last day of trading.
How to trade bitcoin futures is just as important as where you trade, so make sure you pick the right broker. To start trading futures , you must first open an account with a registered futures broker where your account can be maintained and your trades guaranteed. Futures brokers are generally known as either a futures commission merchants FCMs or introducing brokers IBs.
For starters, bitcoin futures have very high margin requirements. While margin offsets can be obtained with other CME financial products, the exchange does not offer them initially to new traders.
Keep in mind that the margin requirements mentioned above are the CMEs; an FCM may have higher margin requirements depending on the market and the trader. Other considerations consist of how closely the futures prices track the spot price, the liquidity in the market and how other traders and market makers are positioned.
Developing and implementing a trading plan could be the most important thing you do to further your trading career. Base your trading plan on careful analysis of the market you plan to trade in. As you develop your trading plan, consider what your objectives are for each trade , the amount of risk you plan to take on a trade and how much risk is acceptable for each trade. Other factors include the technical and fundamental analysis indicators you plan to use to generate buy and sell signals, the types of orders you plan to use and the way you plan to monitor the market and price developments.
Money management and position sizing must also be considered when trading in the volatile bitcoin futures market. An experienced and professional firm as your futures broker can make a significant difference in your overall long-term success.
Try several brokers to find the one that suits your needs. It offers an intuitive interface and features streaming quotes, technical analysis tools and full order desk communication as well as a mobile option.
TD Ameritrade offers trading in bitcoin futures through its recently acquired thinkorswim subsidiary. The thinkorswim trading platform offers traders and investors access to equities, options, ETFs, forex, futures and futures options. The platform can be customized and, if you meet the requirements, you may be eligible to use options and futures in your Individual Retirement Account IRA.
In addition to its paperMoney free demo account, TD Ameritrade offers several bonuses for new traders and extensive educational resources. The company is also in the process of creating a regulated exchange for spot and futures contracts on cryptocurrencies through a partnership with ErisX.