RoboForex Partners with SEB Bank to Expand Deposit Options for European ‎Traders

Multi-regulated 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 broker RoboForex now offers its traders a new funding ‎mechanism though a strategic partnership with SEB Bank, one of the largest ‎banks in Sweden and Northern Europe.‎

Driven by a focus on fund safety, RoboForex has introduced the new ‎funding option that allows its European clients to deposit funds to their trading ‎accounts using SEB Bank payment system, which provides services to millions of ‎European clients, along with a multi-channel online customer support.‎

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RoboForex’s‎ new depositing method provides convenient and cost-effective ‎funding for traders from the United Kingdom, Germany, Latvia, Lithuania, Poland, Finland, ‎and Estonia. SEB Bank payment system joins the other flexible funding methods that ‎RoboForex already provides, including funding via credit card, wire transfer, e-‎wallets and most recently bitcoin‏.‏ ‎ ‎

RoboForex was among the first brokers that joined the cryptocurrency ‎craze, adding access to contracts-for-difference (CFD) trading for both ‎Bitcoin and Ethereum. The new instruments are amongst the most popular ‎assets nowadays, and have been available for RoboForex’s client base ‎since October.‎

Last month, Nordic bank SEB also tapped the crypto frenzy, signing an ‎agreement with US-based fintech company Ripple to use their ‎Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term technology solution as a basis for payment transactions.‎

Earlier in June, Finance Magnates spoke with Anton Ivanov, the Marketing Manager at RoboForex, about the current state of the forex market versus how it was a few years ago, the future goals of the company, and the upcoming challenges of MiFID II.

Commenting on the news, Anton Ivanov, Marketing Manager at RoboForex, said: “We’re constantly improving our products and expanding our affiliate network in order to provide our clients with flexible conditions and quality services. Within the framework of the Company’s development strategy and raising RoboForex (CY) Ltd profile on the European market, we’re increasing opportunities offered to our clients, who will be able to deposit funds to their trading account via SEB Bank payment system easily and safely.”