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.”
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.