Retail dealer RoboForex introduced that it will likely be accepting deposits within the cryptocurrency ethereum this Thursday.
“Our purchasers are actively utilizing all our crypto services’, mentioned Denis Golomedov, the dealer’s Chief Advertising and marketing Officer. “We launched BTC accounts earlier this yr and it was fairly [a] profitable service provide. ETH accounts launch is the results of our world effort invested in the direction of the development of [our] crypto buying and selling options.”
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Regulated outdoors of the European Union in Belize, RoboForex just isn’t topic to the European Securities and Markets Authority’s (ESMA) product intervention measures which got here into impact in August.
RoboForex 50:1 leverage
These guidelines limit leverage on cryptocurrency contracts-for-difference (CFDs) to 2:1. Because it doesn’t have to stick to them, RoboForex can provide leverage of 50:1 on them.
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Merchants utilizing ethereum must deposit and withdraw their holdings by the positioning’s ethereum platform.
The cryptocurrency may even be accessible to the totally different RoboForex account holders. Cent accounts, these buying and selling in small quantities of money, could have entry to ethereum, simply as Prime accounts, which offer sooner execution and tighter spreads, will.
An announcement launched by RoboForex on Thursday appears to recommend that purchasers utilizing cTrader and R Dealer is not going to have entry to ethereum buying and selling.
Having mentioned this, merchants utilizing MetaTrader four and MetaTrader 5, that are far more widespread platforms to commerce on, will be capable of begin shopping for and promoting ethereum with RoboForex.
As with RoboForex bitcoin deposits, merchants utilizing ethereum can deposit as little as one mETH – equal to 1 thousandth (zero.001) of 1 ethereum token. Ethereum is presently commerce at one token to $133.28 which, as our mathematically astute readership can inform, means one mETH is the same as about $zero.13. As such, it’s unlikely many RoboForex customers can be making any money off of mETH – no less than for now.