European Brokerage Robomarkets Adds Cryptocurrency CFDs For 24/7 Trading
Robomarkets, a brokerage that operates in European markets, has added access to commercial 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 registered investment company of the Cyprus Securities Commission (CYSEC), has announced that the following CFDs (difference contracts) are now available to its clients: BTC / USD, ETH / USD, BCH / USD, DASH / USD, LTCUSD and XRP / USD. With a maximum allowable leverage of 1: 5, the instruments mentioned above can be marketed on the Metatrader 4, MetaTrader 5 and Webtrader platforms, as well as on the company’s own R Trader terminals. On top of that, the R Trader platform now offers customers the option to buy non-swaps cryptocurrencies (common overnight rates on FX) with a leverage value of 1: 1.
Introducing the new concept to its customers, the company explained that unlike the commercial instruments to which most CFD operators are accustomed, cryptocurrencies can be negotiated 24 hours a day, 7 days a week, even at weekends. week when the fiduciary currency pairs, commodities and stocks are not available. . The brokerage says this factor gives traders the opportunity to use more trading strategies, which requires additional time to add to a typical business week.
Keeping up with the times
Konstantin Rashap, the company’s development manager in Europe, commented: “RoboMarkets is always up-to-date and applies cutting-edge technology solutions.” Continuing our expansion in the European market, we are 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 customers for commercialization, we are not only responding to their demands, but also systematically expanding the list of our services and improving their quality. ”
The international sister company of the European brokerage Roboforex first launched the bitcoin and ethereum operations in September 2017. The Belize-licensed firm also added CFDs based on bitcoin cash, dash, litecoin and Ripple’s XRP earlier this year.