Ripple

Position volume


Client trades


The Ripple cryptocurrency is one of the most popular digital coins amongst traders. As of March 2019, it’s also the third most valuable cryptocurrency. If you compare Ripple to Litecoin, the fourth most valuable cryptocurrency, Ripple has a market cap nearly three times larger at over $12 billion. So how does Ripple work, is it worth investing in, and how does one go about trading it? This article briefly explains how to get started trading Ripple in just a few steps.

Understand exactly what Ripple is and isn’t

What is Ripple? Well, for a start, Ripple is not really a cryptocurrency. It doesn’t operate on a blockchain and its network is not run by decentralised computers or miners like most cryptocurrencies. In fact, the digital tokens most people refer to as Ripple are actually called XRP. They are used to transfer value between institutions using a technology called xRapid which is owned by a company called Ripple Labs.

For this reason, Ripple/XRP is somewhat controversial within the crypto community. Another criticism is the fact that Ripple Labs still owns the majority of the XRP that have been issued.

Nevertheless, XRP does offer a compelling solution for banks to transfer large amounts of value quickly and cheaply. Every day billions of dollars are transferred between institutions around the world, and to date, no one has offered a better solution than the current slow and expensive processes.

XRP and xRapid are being tested by numerous banks around the world, and so far, Ripple has more traction than any other cryptocurrency in the banking industry.

Manage Your Investment

In the crypto market, and in fact any market, buying is the easy part. Deciding when to take profits, hold, or cut losses, is what ultimately determines how much you will make. Most newbies take profits too early and don’t cut losing trades early enough.

This is when discipline comes in. If you are aiming for a certain profit target, be patient and hold out for that target. However, if new information invalidates your strategy, or if you are clearly wrong, it may be time to cut your position and move on to the next trade.

Another mistake people make is entering a trade as an investor, and then deciding they are a trader when things don’t go according to plan. Always stick to the same strategy and exit the trade based on the same strategy you used to enter it.

Now that you know what XRP is, and how to get started, it’s time to start following its chart, reading up more on current market sentiment, and getting set up to make that first trade.

Live Prices
Sell
Buy
Minimum spreads (pips): 1.5
Margin Requirements: 50%
Trading Hours:
00:01 Monday - 23:58 Friday

Begin trading today! Create an account by completing our form

Privacy Notice

At One Financial Markets we are committed to safeguarding your privacy.

Please see our Privacy Policy for details about what information is collected from you and why it is collected. We do not sell your information or use it other than as described in the Policy.

Please note that it is in our legitimate business interest to send you certain marketing emails from time to time. However, if you would prefer not to receive these you can opt-out by ticking the box below.

Alternatively, you can use the unsubscribe link at the bottom of the Demo account confirmation email or any subsequent emails we send.

By completing the form and downloading the platform you agree with the use of your personal information as detailed in the Policy.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78% 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.

Back to top

Office network
  • London Office
    One Financial Markets
     

    20 Midtown
    20 Procter Street
    London
    WC1V 6NX
    United Kingdom


    T: + 44 ( 0 ) 203 857 2000
    E: info@ofmarkets.com
  • Kuwait Office
    VI Markets 
    Sharq - Mazaya Tower 02 - 10th floor 
    PO BOX 3040
    22031
    Salmiya, Kuwait   

    T:
    + 965 22256988
    E: info@vimarkets.com.kw
  • Dubai Office
    One Financial Markets 

    Office 1404
    Ubora Tower
    Business Bay
    P.O. Box 31482 Dubai
    United Arab Emirates


    T:
     +971 4 4531200
    E: info@ofmarkets.com

One Financial Markets is the trading name of C B Financial Services Ltd, a company registered in England with company number 6050593. C B Financial Services Ltd is authorised and regulated by the Financial Conduct Authority in the UK (under firm reference number 466201) and the Financial Sector Conduct Authority in South Africa (with FSP number 45784).

The information on this site is not directed at residents of the United States, Belgium, Poland or any particular country outside the UK and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
www.onefinancialmarkets.com is owned and operated by C B Financial Services Ltd.

Award winning broker
We have been presented with a number of awards that recognise the quality of our service and dedication to our clients :

Best FSA Regulated Broker
Saudi Money Expo

Best Education Product
Saudi Money Expo

Best Broker - Online Trading
IAIR Awards

Best Institutional Broker
Saudi Money Expo

Best FX Services Broker
CN Forex

Top International
FX Broker 2015

Saudi Money Expo

Broker of the Year
Online Trading – Middle East

IAIR Awards

Best Forex
Customer Service 2018

JFEX Awards

We accept the following payment methods: