Cryptocurrency CFDs let you speculate on prices without owning the underlying shares. You enter a contract with Axi to exchange the difference in the cryptocurrencies price between the contract's start and end.
While leverage has the potential to amplify gains, it can also lead to significant losses since prices can fluctuate rapidly and unexpectedly. If the market moves against your position, you may be required to deposit additional funds to maintain your open trade. Failure to meet a margin call can result in your positions being closed at a loss. In volatile market conditions, it might be difficult to close your position at the desired price. Sudden market movements can cause prices to "gap" over your stop-loss orders, potentially leading to larger-than-anticipated losses.