Trade.io, the Swiss blockchain company has finally delivered on its plan with the official launch of foreign exchange trading on its website. The company announced its intention to launch forex trading services by the year-end earlier this month.
With the launch, users can trade forex via Trade.io’s website under the “FX TRADING” tab. Initially, the users will open their accounts through its St. Vincent and Grenadines entity, TIO Markets LTD. The launch of FX Trading will provide customers with access to 130 forex and contracts for difference (CFD) instruments including precious metals, oil, commodities, indices, global equities and more.
The clients will have access to TIO Markets MT5 Trading Platform on PC, Mac, Android, iOS and tablet devices. Trade.io has provided customers with the benefit of using Bitcoin and Ethereum along with trade.io’s native token TIOx to access the FX platform. Those users using the TIOx token will be offered a 50 per cent discount on commissions.
Trade.io’s FX platform is regulated by the Financial Conduct Authority (FCA) and the total offering will be introduced in two stages. With today’s launch, completes the first stage and the second stage is expected to be implemented at the end of January or beginning of February 2019. The second phase will see the launch of MT4 and the Percentage Allocation Management Module (PAMM) in which customers will be free to choose their platform they wish to trade forex on.
