ECN platform solutions provider Fortex Inc. has announced today that DMA/STP broker Tier1FX now offers Crypto CFD trading on the Fortex platform. The most popular crypto currencies—Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Ripple—are now available to trade as CFD, and clients can jump in to this innovative and volatile market using the Fortex technology.
Albert Galera, Chief Operating Officer at Tier1FX, commented:
We are extremely happy to add CFDs on Cryptocurrency to Tier1FX’s available trading instruments offering.
Our strong partnership with Fortex allows us to offer a wide range of FX pairs, commodities, CFDs on Indices and now CFDs on Cryptos to all Tier1FX clients. Crypto trading is available for MT4, FIX API, Fortex 6 and Fortex web-trader platforms.
Tier1FX now offers five CFDs on cryptocurrency pairs (XBTUSD, XBNUSD, XETUSD, XLCUSD, and XRPUSD) at a competitive cost, tight spreads, low commission and adjusted interest rates.
Tier1FX is fully compliant with the new ESMA regulations and the margin requirements for these new CFDs on Cryptocurrencies are 50% equaling a leverage of 1:2.
Daniel Chen, Chief Executive Officer and a Founder of Fortex said:
We are pleased to partner with Tier1FX on this new CFD trading initiative in the crypto space. It’s a great application for our FX trading technology, and it’s beneficial for clients who want a foray into this new asset class without the security risks of handling the ‘physical’ coins.
Not only can Tier1FX clients now trade CFDs on Cryptos, but they can benefit from working with a regulatory-compliant, creditworthy, strategically positioned broker that offers multi-asset trading from a single account.
Fortex offers brokers such as Tier1FX complete and powerful FX trading technology. Designed for high-frequency and low-latency performance, Fortex is optimized for buy-side and sell-side institutions, which come to us for a best-in-class, independent, neutral, real-time multi-asset trading platform, which now includes CFDs on Cryptos.
Customized to each client’s specific trading requirements, Fortex platforms are hosted in dedicated facilities at Equinix NY4, LD5, and HK3.