Malta-based Fx Broker, Tier1FX Lunches Trading on Crypto CFDs Using Fortex Platform - The Industry Spread

Karthik Subramanian

Karthik Subramanian has been a professional trader and fund manager over the last 18 years. He is basically a software developer who made the transition to financial domain around 18 years back as the attractiveness of the financial markets proved too much for him. He lives in Chennai in India along with his wife and son. He began his career as a software developer in 1999 and then gradually moved into the financial industry as he began trading stocks in his pastime. He then moved into the financial markets full time and then shifted his focus to the FX markets due to the liquid nature of these markets. Since then, he has been trading FX diligently and his favourite pair are the EURUSD and EURJPY. Over the last couple of years, he has found blockchain to be of high interest and considering his background in software and finance, he has since assembled a team of highly talented developers who have since worked on a variety of projects like crypto exchanges and blockchain architecturing. Now, he balances his time between trading and commenting on both the FX and crypto markets. He has worked with many publications including FX Street and Finance Magnates, which has helped him gain experience and also recognition across the industry. He loves to write and this passion has helped him to reach out across the FX and crypto industry. Right now, he works on his pet projects in the FX and crypto industry and spends his time writing and managing his blockchain team and helping it to reach higher.


Malta-based Fx Broker, Tier1FX Lunches Trading on Crypto CFDs Using Fortex Platform

October 7, 2018

FortexWorld’s leading forex trading platform and ECN platform solutions provider, Fortex Inc. on Friday announced, Malta-based DMA/STP broker Tier1FX has started offering Crypto CFD trading on its platform. Currently, Tier1FX has started with five most popular cryptocurrencies including Bitcoin, Bitcoin Cash, Ethereum, Ripple and Litecoin which are now available to trade as CFD. Clients will able to trade this volatile asset class with the state of art and innovative forex technology. 

All the five crypto CFDs are paired against USD and are available at a competitive cost, tight spreads, low commission and adjusted interest rates. The margin requirements for the five new CFD crypto pairs are 50 per cent equaling a leverage of 1:2. As Tier1FX is fully compliant with the latest ESMA regulations, the margin requirements are as per the regulatory requirements. 

Albert Galera, Chief Operating Officer at Tier1FX, commented:

“We are extremely happy to add CFDs on Cryptocurrency to Tier1FX’s available trading instruments offering.”

ripple“Our strong partnership with Fortex allows us to offer a wide range of FX pairs, commodities, CFDs on Indices and now CFDs on Cryptos to all Tier1FX clients. Crypto trading is available for MT4, FIX API, Fortex 6 and Fortex web-trader platforms.”

Daniel Chen, Founder and Chief Executive Officer of Fortex said:

“We are pleased to partner with Tier1FX on this new CFD trading initiative in the crypto space. It’s a great application for our FX trading technology, and it’s beneficial for clients who want a foray into this new asset class without the security risks of handling the ‘physical’ coins.”

“Not only can Tier1FX clients now trade CFDs on Cryptos, but they can benefit from working with a regulatory-compliant, creditworthy, strategically positioned broker that offers multi-asset trading from a single account.”

Fortex’s trading platforms and solution offers a complete and powerful FX trading technology to brokers which specifically designed for high-frequency and low latency performance. Its best-in-class independent, neutral, real-time multi-asset trading platform is optimized for buy-side and sell-side institutions which now includes both CFDs and Cryptos. Its trading platforms are hosted at Equinix NY4, LD5, and HK3.

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