CFI Financial Sweetens Offering with over 250 New Crypto CFDs

CFI Financial Group, a forex and contracts for differences (CFDs) broker, announced the expansion of its product offering with the addition of more than 250 cryptocurrency contracts for differences (CFDs) on Wednesday.

The new crypto derivatives instruments are available to trade on MetaTrader 5.

“At CFI, we always look to transcend the previous milestone and this time around. We believe that with this largely unique and unmatched product, we have managed to deliver on our promise of providing an ever-expanding range of products where traders and investors can find new opportunities and diversify their holdings,” Hisham Mansour and Eduardo Fakhoury, the two Founders and Managing Directors at CFI, said in a joint statement.

Unique Products

CFI was already offering trading services with cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term. But, with the new products, the company tried to add some unique trading instruments like pairs of Bitcoin vs Gold and Bitcoin vs Dow Jones Index. Additionally, the broker is targeting both short-term and long-term traders with the new products as it will offer both leveraged and non-leveraged (or swaps) products.

“This specific addition to our current range goes beyond the flexibility of CFDs with 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 and no-leverage and dives deep into an entirely new world of trading,” Mansour and Fakhoury added.

Apart from crypto, CFI’s offerings include trading services with currency pairs and CFDs of popular asset classes like stocks, commodities and ETFs. The platform added over 3,500 US-listed stocks last December, taking the total number of offered instruments to more than 11,000.

“While demand for cryptos played a role in adding it to our platform, our optimized infrastructure allowed us to create an entirely new range of products that have not been introduced to the masses yet,” said Dr Demetrios Zamboglou, the Chief Operating Officer of the CFI.

“Aside from the uniqueness of the product, we are offering it in the form of a 2-in-1 package where clients can trade with leverage or no leverage and on some of the most competitive trading conditions out there alongside the top-tier service that CFI is known for. In other words, we are not just offering something new, we are adding a future-proof product that will allow traders to tackle a new market for years ahead.”