CFD trading on Solana
Go long or short on Solana (SOL) prices with a CFD trading account and access crypto markets 24/7* with FOREX.com.
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Trade 24/7 with weekend trading hours
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Margin from 50%
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Go long or short on Solana CFDs
Trade Solana with CFDs
Solana is a decentralised cryptocurrency and altcoin. Using the Solana network, powered by the SOL native token, Solana aims to increase user scalability by providing a flexible infrastructure with faster transaction settlement times.
There are two key properties of Solana that set it apart from its crypto competitors. First, is the project’s speed and scalability. Second, is the unique consensus mechanism it uses, called Proof-of-History.
You can trade Solana CFDs 24/7* at tight spreads and low margins with FOREX.com with no need to own the asset or have an exchange account. Trade market volatility with no exchange fees or complicated digital wallets.
Solana CFD market information
† May change due to market conditions.
‡ trading hours on cryptocurrencies are 20:00 Saturday until 09:00 (following) Saturday
* Please note margin requirements can vary depending on the risks associated with the underlying market. For details of the exact margin requirements on all of our markets, please view the market information sheet in the platform.
Stay on top of the latest cryptocurrency news
Speculate on the Solana price without the need to own the cryptocurrency or have a digital/hardware wallet
Trade Solana CFDs the same way you would trade commodities, shares or indices
Experience exposure to the performance of SOL with a trusted, global broker, regulated in Australia
Get Solana insight and the latest news from our Reuters feed
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Solana CFD trading FAQs
Can I trade other cryptocurrencies with FOREX.com?
Yes, you can trade a range of cryptocurrencies with FOREX.com, such as Bitcoin, Ethereum, Ripple and Litecoin, available at a margin rate of 50%. Click here to find out more about the cryptocurrencies we offer.
What are cryptocurrencies?
Cryptocurrencies are digital tokens based on blockchain technology that act as a virtual currency. Many cryptocurrencies are mined into existence through the ‘Proof of Work’ system, involving the solving of complicated mathematical puzzles by high-powered computing software, with a cryptocurrency token made available to the owner as a reward.
However, a newer system known as ‘Proof of Stake’ involves contributors staking their own cryptocurrency in exchange for a chance to validate new transactions, update the blockchain, and earn a reward. Ethereum, for example, is expected to move to the Proof of Stake model in 2022.
Most cryptocurrencies are decentralised, which means that they are not connected to or affected by an authority such as a government or central bank.
Do I have to trade a whole Solana?
No, one of the main benefits of Solana CFDs is that you can trade fractional amounts and not an entire SOL per transaction.
How old is Solana?
Solana was founded in 2018 by Anatoly Yakovenko.
