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Forex-Metal, a Forex and CFD broker, has announced that they will be adding the availability of Bitcoin and Litecoin trading instruments on their Forex platform. The availability of exposure to the Bitcoin price on traditional Forex exchanges is something that many people have been pointing at when it comes to creating a more stable price, and Forex-Metal is one of the first companies in their industry to offer this kind of unique method of trading assets based on the price of Bitcoin or Litecoin.
At the Edge of Innovation
The main reason that Forex-Metal has decided to offer Bitcoin-based trading instruments to their clients is that they want to be on the cutting-edge of innovation and new technologies in the currency markets. Mark Kaye, the Head of Sales and Marketing at Forex-Metal, has stated that they “see tremendous potential in Bitcoin and Litecoin that have already revolutionized the world’s financial industry”. It’s even more interesting that this trading company has decided to also offer exposure to Litecoin, which has a total market cap under $1 billion. There is no word on whether other cryptocurrencies could be offered in the future.
Who is Forex-Metal?
Forex-Metal is a company that has been offering Forex and CFD trading options for both beginners and advanced users since 2007. They are currently recognized as one of the leaders of the Forex industry, and they want to make sure that continue to hold that label by implementing new, innovative technologies into their platform.
Conditions on Bitcoin and Litecoin Trading
Forex-Metal is not looking to add many limitations to the options traders will have when trading against the price of bitcoins or litecoins. Trading will be allowed 24/7, and 1:3 leverage can be used to place a trade at any point during the day. Any EA trading strategy can be used to try to profit on movements in the famously volatile Bitcoin and Litecoin markets.
Last modified (UTC): January 30, 2014 6:15 AM