World’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.”
“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.