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CFDs come with a high risk of losing money rapidly due to leverage. 71% of accounts lose money when trading CFDs with this provider. You should understand how CFDs work and consider if you can take the risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

79% of retail investor accounts lose money when trading CFDs with this provider.

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Synthetix (SNXUSD): Live Price Chart

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About

History

Why trade?

About

History

Why trade?

Synthetix (SNX) is a decentralized synthetic asset issuance protocol built on Ethereum. It provides users with access to a wide range of assets, and the ability to collateralize their Synthetix Holdings into Synths – ERC-20 tokens that represent real-world assets such as stocks, commodities, and fiat currencies. SNX is also used to enable the trading of Synths, as well as to stake rewards for those who provide liquidity and secure the network.

The price of SNX has seen a dramatic increase in the past few months, reaching an all-time high in December. After peaking at $26.44 on 14th February 2021, SNX then dropped to its lowest price of $1.44 on 1st Jan 2023.

This price volatility makes SNX a potentially attractive trading asset for anyone looking to take advantage of the market movements. Traders should be aware that prices can change quickly and that they may need to adjust their strategies accordingly if they want to maximize their profits.

Synthetix is an Ethereum-based derivatives platform that allows users to access on-chain exposure to a range of assets. It has become a popular choice among traders due to its low fees, ease of use and real-time pricing information. The Synthetix network also supports trading in a variety of other coins such as Bitcoin, Ethereum, USDC and DAI.

Traders looking for alternative coins to trade may consider investing in Polkadot (DOT). Polakdot is a decentralized network that acts as an internet of blockchains – allowing different blockchain networks to connect and interact with each other. It offers low fees and faster transaction speeds compared to more traditional cryptocurrencies, making it an attractive choice for traders.

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* The spreads provided are a reflection of the time-weighted average. Though Skilling attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.

The above spreads are applicable under normal trading conditions. Skilling has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions'.

Trade [[data.name]] with Skilling

The most popular and trending cryptocurrencies, all in one place at the right time.

  • Trade 24/7
  • Minimum margin requirement below ~3$
  • Spreads of just $0.50 on BTC - lower on other crypto! Plus a super low trading fee of 0.1%/side
  • No withdrawal fees
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Why Trade [[data.name]]

Make the most of price fluctuations - no matter what direction the price swings and without capital restrictions that come with buying the underlying crypto asset.

Crypto CFD
Physical Crypto
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Capitalise on rising stock prices (go long)

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Capitalise on falling crypto prices (go short)

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Trade with leverage
Hold larger positions than the cash you have at your disposal

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Trade on volatility
No need to own the asset or have an exchange account

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No exchange fees or complex storage costs
Just lower commissions in the form of spreads and a small taker-fee

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Manage risk with in-platform tools
Ability to set take profit and stop loss levels

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