1. Trading is risky! Trading cryptocurrency CFDs more so. They are complex financial products and very risky. The CFD crypto markets are highly volatile and subject to significant fluctuations, so trade with caution.
2. Know your laws! Trading cryptocurrency CFDs is not specifically regulated under any EU framework, nor does it fall under the scope of the MiFID (Markets in Financial Instruments Directive).
3. Prepare! Not every trader is ready to trade cryptocurrency CFDs. These products are not suitable for everyone, so make sure you have sufficient knowledge and experience before trading.
4. Reporting! Cryptocurrency CFD traders are offered no protection under the Investor Compensation Fund scheme nor are they eligible to refer to the Cyprus Financial Ombudsman.