Plus500.com, a UK based Contract for Difference trading platform has opened a NEO/USD market. Plus500 is available in over 30 languages with both iOS and Android applications available, in addition to a web app.
A CFD is a type of trading option that allows traders to speculate on the difference in the price of instruments such as shares, forex, commodities, cryptocurrencies, ETF, options and indices, without actually owning them. Traders can choose to buy or sell, depending on whether they think the price of an asset will rise or fall, and will realise profit or loss based on their opening position.
Other crypto markets offered by Plus500 are Bitcoin, Bitcoin Cash, Ethereum, Monero, Ripple, Litecoin and Dash, all against USD.
The NEOUSD market can be found at this link – https://www.plus500.com/Instruments/NEOUSD
The below video is from a competing CFD platform, but gives a good overview of CFD’s for traders new to the concept.
About The Author: Dean Jeffs
Dean is a digital project manager who has worked extensively with start ups and agencies in the marketing space. Fascinated by the potential applications of blockchain technology, Dean has a passion for realising the new smart economy.
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