Cryptocurrency CFDs Added By European Brokerage Robomarkets

News | March 20, 2018 By:

Robomarkets, a Cyprus Securities and Exchange Commission (CYSEC) registered FX and CFD broker, has announced the launch of leveraged cryptocurrencies trading.

The company initially launched trading on crypto contracts for difference (CFD) back in October of last year, with the implementation of bitcoin and ethereum CFDs. It now added Bitcoin Cash, Dash, Litecoin, and Ripple to the list of available trading instruments. The instruments are available in MetaTrader 4, MetaTrader 5, WebTrader, and R Trader terminals.

All of the cryptocurrencies are tradable against the US dollar. Robomarkets has also set the maximum leverage available across all crypto CFDs at 5:1. The instruments may be traded on Pro-Standard, ECN-Pro, Prime, Pro-Affiliate, ECN-Pro Affiliate, and R Trader accounts.

Robomarkets 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 company said 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.

“RoboMarkets always keeps up with the times and implements cutting-edge technological solutions,” said Konstantin Rashap, RoboMarkets’ Development Manager in Europe. “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.”