AvaTrade Launching Bitcoin Trading On Both its AvaTrader and MT4 Platform

Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term an CFD broker, AvaTrade has announced that they are launching bitcoin (BTC/USD) trading. The digital currency will be available as a CFD, and is being offered on both its AvaTrader and MetaTrader 4 platforms. The CFD is available for both short and long trades with the broker offering up to 5:1 leverage for trading the digital currency. AvaTrade announced that the launch is being supported via technology from trading systems integrator Gold-i. For Gold-I, the partnership marks their first involvement with integrating pricing of bitcoins and will now become part of their marketed products for their broker clients. Taking a look at the platform, the bitcoins CFD currently is showing a $1 spread, with pricing appearing to be from MtGox.

Overall, AvaTrade becomes the second forex broker to be offering continuous bitcoin on its electronic Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term, following Plus500 earlier this year. While binary options brokers have been quicker to take up the product, FX and CFD brokers have been slower to launch the product. In conversations with brokers, firms have told Forex Magnates that they are interested in launching a BTC/USD product, but have been taking a wait and see approach as they evaluate hedging options, data feeds, and any regulatory issues.

Commenting on the launch and the partnership with AvaTrade, Gold-I CEO, Tom Higgins stated on the joint press release that “New currencies rarely come into existence and Bitcoin is very different to other currencies which have launched. It has global appeal and is likely to be very successful. Now that we have added Bitcoin to MT4/MT5, we plan to add it to the Gold-i portfolio to sell it to others. I believe there will be an increasing demand for brokers to follow AvaTrade and offer Bitcoin to their clients.”

Also commenting, Daire Ferguson, Managing Director at AvaTrade stated, “AvaTrade prides itself on its reputation as a market leader in bringing innovative products to its client base and providing the optimal online experience for retail traders.” He added “When we decided to add this exciting new digital currency to our product offering, it was a natural choice for us to work with Gold-i. Bitcoin is the digital currency of the future and we are very excited that it can now be traded on the AvaTrade platform.”