Trading financial products on margin carries a high degree of risk and is not suitable for all investors. Please ensure you fully understand the risks and take appropriate care to manage your risk.

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Trade [[data.name]]

Trade the most popular, headline grabbing markets with Skilling!

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About

History

Differences between Investing vs Trading

About

History

Differences between Investing vs Trading

Founded in 2012, Ripple is both a cryptocurrency and a payment protocol. The founders have explained that the purpose of Ripple is to create a global decentralized payment network that can smash through the "walled gardens" of traditional finance and consign payment fees and exchange fees to the dustbin of history.

You can use Ripple as a medium of exchange for any currency, for example by exchanging your Ripple in Euro, without any fees or wait times. As a currency, Ripple is highly volatile, making it a popular choice with intraday traders. It has a fixed limit of 100 billion coins, which is substantially higher than the 21 million limit affixed to bitcoin.

Ripple is one of the cheaper popular cryptocurrencies out there, with its price rarely moving past $1 per coin. Upon its launch in 2012, XRP's price was 0.1 USD. This did not change much until the post-bitcoin boom led to a rise in alternative currencies, which pushed Ripple up to a brief high of 2.28 USD by the end of 2018.

Since then, the XRP price has fallen substantially, enjoying a brief moment at 1.4 USD in April 2021, at the height of last year's crypto boom. For the most part, however, the price of XRP has remained well under 1 USD. What stands out the most is how volatile the currency is, as its price has frequently risen by close to 100% in a single trading day, while also experiencing similar falls.

XRP has some clear benefits to day traders. Chiefly, its volatility means that those holding large positions in XRP can benefit from significant price changes on a minute-by-minute basis. This also makes it a strong choice for those looking to short EXP and attempt to profit from falling prices.

The quick transaction times for Ripple makes it popular with traders, since it takes only a few seconds to complete an XRP transaction. For long-term investors, the potential of the Ripple system to become a mainstay in global financial architecture means that there is a possibility for decent returns over time. However, it is impossible to say which direction XRP will travel in.

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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'.

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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
  • Diversify! 800+ instruments to choose from

All major indices at industry-leading pricing.
Gain exposure to global markets via lower-risk, stock market indices.

  • Trade 24/5
  • Minimum margin requirements
  • The tightest spreads
  • Easy to use platform

Hassle-free, with flexible trade sizes, and super low spreads!

  • Trade 24/5
  • Spreads starting at 0.2!
  • Average Execution at 5ms
  • Easy to use platform

*Other fees may apply.

Take a view on the commodity sector! Diversify with a single position.

  • Trade 24/5
  • Tight spreads
  • Average Execution at 5ms
  • Easy to use platform

All Hassle-free, with flexible trade sizes and with zero commissions!*

  • Trade 24/5
  • Minimum margin requirements
  • No commission, only spread
  • Fractional shares available
  • Easy to use platform

*Other fees may apply.

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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.

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

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

Make the most of price fluctuations - no matter what direction the price swings and with low capital investment.

Make the most of price fluctuations - no matter what direction the price swings and without the restrictions that come with owning the underlying 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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CFDs
Equities
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Capitalise on rising prices (go long)

green-check-ico.svg
green-check-ico.svg
chart-short.svg

Capitalise on falling prices (go short)

green-check-ico.svg
leverage-ico.svg

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

green-check-ico.svg
trade-ico.svg

Trade on volatility
No need to own the asset

green-check-ico.svg
commissions-ico.svg

No commissions
Just low spreads

green-check-ico.svg
risk-ico.svg

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

green-check-ico.svg
CFDs
Indices
chart-long.svg

Capitalise on rising prices (go long)

green-check-ico.svg
green-check-ico.svg
chart-short.svg

Capitalise on falling prices (go short)

green-check-ico.svg
leverage-ico.svg

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

green-check-ico.svg
trade-ico.svg

Trade on volatility
No need to own the asset

green-check-ico.svg
commissions-ico.svg

No commissions
Just low spreads

green-check-ico.svg
risk-ico.svg

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

green-check-ico.svg
Forex
chart-long.svg

Capitalise on rising prices (go long)

green-check-ico.svg
chart-short.svg

Capitalise on falling prices (go short)

green-check-ico.svg
leverage-ico.svg

Trade with leverage

green-check-ico.svg
trade-ico.svg

Trade on volatility

green-check-ico.svg
commissions-ico.svg

Enjoy huge liquidity

green-check-ico.svg
risk-ico.svg

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

green-check-ico.svg
CFD
Actual Commodities
chart-long.svg

Capitalise on rising prices (go long)

green-check-ico.svg
green-check-ico.svg
chart-short.svg

Capitalise on falling prices (go short)

green-check-ico.svg
leverage-ico.svg

Trade with leverage

green-check-ico.svg
trade-ico.svg

Trade on volatility

green-check-ico.svg
commissions-ico.svg

No commissions
Just low spreads

green-check-ico.svg
risk-ico.svg

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

green-check-ico.svg