Markets and Prices
1 min ago |
By Avi Mizrahi – |
European Brokerage Adds Cryptocurrency CFDs for 24/7 Trading
Robomarkets, a brokerage that operates in the European markets, has added access to trading CFDs based on cryptocurrencies for its clients. Some of the most popular cryptocurrencies such as bitcoin, bitcoin cash, dash, ethereum, litecoin, and ripple, have been added to the list of available trading instruments.
Robomarkets, a Cyprus Securities and Exchange Commission (CYSEC) registered investment company, has announced that the following CFDs (contracts-for-difference) are now available to its clients: BTC/USD, ETH/USD, BCH/USD, DASH/USD, LTCUSD, and XRP/USD. With a maximum admissible leverage of 1:5, the above-mentioned instruments may be traded on the Metatrader 4, MetaTrader 5 and Webtrader platforms as well as on the company’s own R Trader terminals. In addition to that, the R Trader platform now offers clients with an option to buy cryptocurrencies without swaps (overnight fees common in FX) with a leverage value of 1:1.
Introducing the new concept to its clients, the company explained that unlike the trading instruments most CFD traders are used to, cryptocurrencies may be traded 24/7, including on the weekends when fiat currency pairs, commodities and stocks are not available for live trading operations. The brokerage says that this factor provides traders with an opportunity to use more trading strategies, which require some extra time to add to a usual business week.
Keeping Up With the Times
Konstantin Rashap, the company’s development manager in Europe commented: “RoboMarkets always keeps up with the times and implements cutting-edge technological solutions. Continuing our expansion on the European market, we’re pleased to offer our clients a new class of trading assets. By adding cryptocurrencies to the list of more than 8,700 instruments that are already available to RoboMarkets clients for trading, we’re not only responding to their demands, but also systematically expanding the list of our services and improving their quality.”
The European brokerage’s international sister company Roboforex first launched bitcoin and ethereum trading back in September 2017. The Belize-licensed firm also added CFDs based on bitcoin cash, dash, litecoin, and Ripple’s XRP earlier this year.