Can I trade crypto and stocks at Pivex?
Modified on Thu, 5 Nov at 6:52 AM
Yes. At Pivex you can trade cryptocurrencies — including Bitcoin, Ethereum and popular altcoins — and individual stocks of major publicly listed companies on MatchTrader. The availability of certain instruments may vary based on the current market conditions and your account type; check your platform for the latest list and spreads.
Cryptocurrencies
Cryptocurrencies are digital currencies that rely on cryptographic principles for security. They are traded on different exchanges and are known for their high volatility, making them attractive for traders who want to capitalize on fast price movements.
- Bitcoin (BTC/USD): the most well-known cryptocurrency, often seen as digital gold.
- Ethereum (ETH/USD): the second-largest cryptocurrency by market cap, widely used for decentralized applications.
- Dogecoin (DOGE): based on Litecoin and uses the same proof-of-work technology.
- You can also trade other popular altcoins like Ripple (XRP), Litecoin (LTC), and more.
Example: if you believe Bitcoin will increase in value, you might buy BTC/USD. If the price moves upwards, you can close the trade at a profit.
Stocks
You can trade individual stocks of major publicly listed companies and speculate on the price movements of well-known corporations across various industries.
- Apple (AAPL): one of the largest tech companies globally, often used as a barometer for the broader market.
- Tesla (TSLA): a leader in the electric vehicle sector with high volatility and price movement.
- Meta (META): formerly Facebook, a major player in social media and virtual reality.
- Google (GOOGL): a tech giant with its vast reach in search, cloud computing, and advertising.
Example: if you believe Tesla will rise after announcing a new electric vehicle, you can buy TSLA and potentially profit from the movement in its stock price.
Charts and indicators
MatchTrader offers customizable charts and technical indicators for each instrument, such as Moving Averages (to identify trends), RSI (Relative Strength Index, to identify overbought or oversold conditions) and Fibonacci Retracements (to help identify potential reversal levels). For example, if Bitcoin is approaching a significant support level, you might use the RSI to check whether it is oversold before considering a buy, anticipating a rebound.
Related: What instruments can I trade? · Which commodities and indices can I trade at Pivex?