This information is intended exclusively for persons who have their residence or business in Germany.
The leading multi-asset broker 1 IG Europe is expanding its product range to include turbo certificates for the cryptocurrencies Bitcoin and Ethereum. These products are marketable 24/7 2 and thus the first instruments of their kind on the German market. The new turbo certificates have been listed on the Spectrum Stock Exchange since 29 April.
Now, IG customers can also invest in cryptocurrencies via Turbo certificates while enjoying the benefits of an exchange-traded product. This includes execution on a regulated trading venue and full price transparency so that the risks can be fully understood. The launch of the product expands the existing range of turbo certificates, which already include the asset classes stocks, indices and commodities. The new certificates are available for 24-hour trading and are available to customers in Germany, France, Italy, Sweden, Norway, Spain and the Netherlands.
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“For about five decades, IG has offered its customers tools for stable and consistent implementation of their trading strategies. In terms of product innovation, we have always seen ourselves in a pioneering role. Therefore, the introduction of Turbo certificates on the most popular cryptocurrencies was the logical the next step in completing our product range in the field of certificates. ” – Alessandro Capuano, Head of Exchange Traded Derivatives, IG Europe.
Dealers using IG Turbo Certificates benefit from:
- Access long and short exposures to multiple asset classes with all the benefits of an exchange-traded product
- Price transparency and trading on a regulated trading venue that enables the customer to have a full overview of the respective risks
- the ability to set risk limits from the start and select the leverage you want
- The IG platform, which allows traders to place orders directly from the underlying market chart. This innovative feature allows customers to execute their trades based on the market information they need at the touch of a button.
IG customers also have the option to create a demo account. This allows interested parties to test trading strategies in a simulated environment and gain experience in how IG products work without any significant risk, without having to apply for a live account or deposit money.
“Cryptocurrencies are enjoying growing popularity – even among short- and medium-term market participants. However, the previous product solutions provided by the market in the field of turbo certificates could not adequately cover the interests of customers. Thanks to IG’s product innovation, traders can now enjoy all the benefits of a regulated trading venue while trading 24/7. “ – Salah Bouhmidi, Head of Markets at IG.
Turbo certificates are complex financial instruments and your wealth is at stake. Losses can occur extremely quickly.
IG Group provides informed, determined and market-oriented customers with access to trading products in over 17,000 financial markets worldwide. With a strong focus on innovation and technology, the company puts customer needs at the center of everything it does.
IG Group was founded in 1974 and is headquartered in London. The listed FTSE 250 company is a leading global financial services provider offering limited risk leveraged trade to more than 313,000 customers worldwide. The range of financial instruments includes indices, stocks, forex, commodities, cryptocurrencies and many more.
IG Group recently launched a new European subsidiary, IG Europe GmbH. Based in Frankfurt am Main, the broker, which is approved and regulated by BaFin and the Bundesbank, now offers its products to European customers under an umbrella regulated in Germany.
Spectrum is an MTF (Multilateral Trading Facility), ie a trading platform similar to an exchange, which combines buy and sell orders for financial instruments according to defined rules and thus generates a contract.
1 Largest provider by turnover, excl. currency; published annual report, June 2020.
2 All turbos can be traded 24/5 with the exception of shares, which are available as follows: 15:30 – 22:00 (US shares) and 09:00 – 17:30 (UK & European shares).
More information about the turbo certificates on cryptocurrencies and the demo account