RoboForex Launches Ethereum Accounts

Retail broker RoboForex announced that it would be accepting deposits in the cryptocurrency ethereum this Thursday.

“Our clients are actively using all our crypto products and services', said Denis Golomedov, the broker's Chief Marketing Officer. “We launched BTC accounts earlier this year and it was quite [a] successful service supply. ETH accounts launch is the result of our global effort invested towards the improvement of [our] crypto trading solutions.”

Regulated outside of the European Union in Belize, RoboForex is not subject to the European Securities and Markets Authority’s (ESMA) product intervention measures which came into effect in August.

RoboForex 50:1 Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term

Those rules restrict leverage on cryptocurrency contracts-for-difference (CFDs) to 2:1. As it does not have to adhere to them, RoboForex can offer leverage of 50:1 on them.

Traders using ethereum will have to deposit and withdraw their holdings through the site’s ethereum platform.

The cryptocurrency will also be available to the different RoboForex account holders. Cent accounts, those trading in small amounts of cash, will have access to ethereum, just as Prime accounts, which provide faster execution and tighter spreads, will.

A statement released by RoboForex on Thursday seems to suggest that clients using cTrader and R Trader will not have access to ethereum trading.

Having said this, traders using MetaTrader 4 and MetaTrader 5, which are much more popular platforms to trade on, will be able to start buying and selling ethereum with RoboForex.

As with RoboForex Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term deposits, traders using ethereum can deposit as little as one mETH - equivalent to one thousandth (0.001) of one ethereum token. Ethereum is currently traded at one token to $133.28 which, as our mathematically astute readership can tell, means one mETH is equal to about $0.13. As such, it’s unlikely many RoboForex users will be making any cash off of mETH - at least for now.