CEX.IO Broker platform for leveraged trading launches soon

Cobalt goes live with Deutsche Bank, XTX Markets and Saxo Bank on its FX post-trade infrastructure

CEX.IO Broker platform for leveraged trading has announced that as soon as it receives its broker license from EU jurisdictions, it will become available in 28 EU countries for live trading. As of now, EU, US, and Canadian users can use CEX.IO Broker platform Demo accounts.

A full launch in the US and Canada is scheduled for 2020.

The platform has been developed in cooperation with the conventional trading software company Devexperts, and includes the following supported trading pairs:

  • BTC/USD,
  • BTC/EUR,
  • ETH/BTC,
  • ETH/USD, and
  • ETH/EUR.

CEX.IO BROKER is backed by our cryptocurrency exchange, so customers can instantly purchase Bitcoin on CEX.IO and transfer it to a CFD account. After trading, verified customers can transfer BTC with the help of our crypto exchange to their external wallet. We offer customers a convenient way to start trading cryptocurrencies easily with leveraged trading opportunities via CFD instruments,” commented Elaine Neal, Chief Product Officer at CEX.IO.

Most importantly, we offer a familiar interface for forex traders who use the MetaTader and CTrader platforms. Among other features of our new platform, I would mention the variety of trading tools; support for popular types of orders including market, limit, stop, and OCO; the opportunity to create several accounts for the same currency; the ability to use separate accounts for different strategies; and technical analysis, including a wide range of indicators and tools for drawing visual charting effects,” she added.

Considering the ambitious task, we decided to use dxTrade, our flagship platform, so that it complies with the specifics of crypto trading. dxTrade is a multi-asset trading solution that can be adapted to a client’s existing infrastructure. The Devexperts backend is responsible for order execution, including sending out offset orders, receiving quotes via the FIX gate, and facilitating deposits and withdrawals. User onboarding and settings management are done via REST API integration,”  Michael Babushkin, CEO of Devexperts, said.

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