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

Ripple is a cryptocurrency that runs on the network of the same name, with the XRP code used for the token and the XRPUSD price showing the value of each virtual coin in US dollars. The idea for Ripple came from Jed McCaleb and the network was launched in 2012.

It allows companies and individuals to send money worldwide with minimal fees and waiting time. The system is largely aimed at large, international financial institutions such as banks. More than a hundred banks signed up to Ripple in the first years, but scalability issues with the network mean that the majority of them only use the messaging element of the technology.
Ripple has run into regulatory issues with the U.S. Securities and Exchange Commission over the sale of tokens. This led to XRP being delisted from some exchanges and affected the Ripple price. However, at the time of writing it can still be purchased on several non-US cryptocurrency exchanges.

Ripple price volatility has been an issue with the XRPUSD token throughout most of its history. The total supply is 100 billion coins and 55 billion of them are held in escrow as a way of ensuring stability. The XRP price has shown much of the volatility seen in the cryptocurrency market in general, with a record surge at the start of 2018 followed by a drop in which the token lost over 90% of its value in just a few months.

From a starting point of less than a cent, the coin rose to close to $4 at one point in early 2018, with massive trading volumes. However, the subsequent fall saw it drop to just $0.26 by September of the same year before it hit $0.12 in March 2020. The Ripple price began a recovery in late 2020, but the ongoing threat of legal action may be one of the reasons that have hampered its climb back to early-2018 levels.

Trading CFDs based on the XRP currency increases the volatility and potential for profits by introducing the concept of leverage to Ripple investing and trading.

In addition, you can buy Ripple directly from a cryptocurrency exchange, although at the time of writing some exchanges don’t offer XRP because of the securities issue in the US. This is a move to consider if you want to benefit from any future XRP price rises, although it also introduces the risk of losing money if the price drops again.

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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
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*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