Which account type, raw spread or standard, is more suitable for cryptocurrency trading and why?

3 answers

• KasAug 31, 2021 · 4 years ago
  In cryptocurrency trading, the choice between raw spread and standard account types depends on your trading strategy and preferences. Raw spread accounts offer tighter spreads and lower trading costs, making them ideal for scalping and high-frequency trading. On the other hand, standard accounts may have slightly wider spreads but often come with additional features like guaranteed stop-loss orders and negative balance protection, which can be beneficial for traders looking for more risk management tools. Ultimately, it's important to consider your trading style, risk tolerance, and specific needs when deciding which account type is more suitable for you.
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• Mathews HumphriesSep 23, 2021 · 4 years ago
  When it comes to cryptocurrency trading, the raw spread account type is generally more suitable for experienced traders who prioritize low trading costs and tight spreads. This account type allows traders to access the market with raw spreads directly from liquidity providers, resulting in potentially lower trading costs. However, it's worth noting that raw spread accounts may have higher minimum deposit requirements and lack certain risk management features compared to standard accounts. Therefore, if you're a beginner or prefer additional risk management tools, the standard account type might be a better fit for you.
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• Kjeldsen BoesenJan 01, 2021 · 4 years ago
  As an expert in the field of cryptocurrency trading, I would recommend considering the raw spread account type for its potential cost-saving benefits. With raw spread accounts, you can take advantage of tighter spreads and potentially lower trading costs, especially if you engage in high-frequency trading or scalping strategies. However, it's important to carefully evaluate your trading style and risk tolerance before making a decision. If you prefer more risk management tools and additional features, the standard account type might be a better choice for you. Remember, it's crucial to align your account type with your trading goals and preferences to optimize your cryptocurrency trading experience.
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