Broker NordFX Offers Unique Terms for Transactions with Crypto Currencies

Having been successful in gaining hold of the crypto currency market, the broker company NordFX continues to expand the range of services it offers in this field.

The opportunity to trade highly volatile crypto-currencies on the world’s most widely used MetaTrader 4 platform has immediately become popular with NordFX clients, using a host of technical analysis tools: there are six crypto currency pairs (BTCUSD, LTCUSD, ETHUSD, DSHUSD, XRPUSD and BCHUSD) that are among this company’s trading instruments.

In addition, starting from mid-March 2018, the company’s clients can also deposit and withdraw funds from their trading accounts in Ethereum (ETH), along with USD and Bitcoin.

NordFX provides its clients with a unique maximum leverage ratio of 1:1000 for all trading instruments (33 currency pairs, gold, silver and 6 major crypto-currencies), which allows traders to make a substantial profit even with relatively small deposits. Thus, if you take the average quotes of March 2018, the client only needs $100 in their account to buy 10 Bitcoins, 100 Ethereums, 500 Litecoins or 100,000 Ripples.

At the same time, traders can profit not only on the growth, but also on the fall of the value of the crypto currency – something that is crucial in light of extreme market volatility. This makes transactions with a broker fundamentally different to transactions on crypto-exchanges, where earnings are only possible if the acquired asset grows.   

It should also be noted that to this day, NordFX has not encountered a single case of hacking, in contrast to crypto-exchanges, where hacking of clients’ wallets is fairly frequent. This is primarily due to the fact that over the years – NordFX has been in the market for a whole decade – the broker has acquired considerable experience in blocking off hacker attacks using the most innovative and reliable software.

The reliability and stability of NordFX work is also evidenced by the fact that, since 2008, over 1,200,000 accounts have been opened in the company by clients from more than 100 countries, and the company itself has been awarded over 30 prestigious professional prizes and awards, such as:

– Most Reliable Broker 2016 (The Forex Awards)

– Most Reliable Broker 2017 (ShowFX World)

– Best Crypto Broker Asia 2017 (Forex Awards Ratings)

– The Best Broker to Work with Cryptocurrencies 2017 (IAFT Awards)

as well as many others, confirming the recognition and credibility of the company among both clients and colleagues in the financial industry.

Read this next

Retail FX

Traders Union Names RoboForex the Best Forex Broker of 2023

In a recent update, Traders Union has unveiled its highly anticipated ranking of the Best Forex Brokers for 2023, continuing its tradition of providing valuable information to traders.

Digital Assets

PayPal introduces its stablecoin to Venmo users

PayPal has revealed that its PYUSD stablecoin, designed for payments and transfers, is now accessible through Venmo. This stablecoin, fully backed by US dollar deposits and similar assets, provides selected users with a regulated, dollar-denominated digital currency.

Opinion

Stagflation Speculation: Is the UK Economy Heading for Uncharted Waters?

Amid rising concerns about a potential recession, the term “stagflation” is increasingly being used to describe the UK’s current economic scenario, characterized by conflicting indicators such as high inflation and stagnant growth.

Industry News

Exness Becomes Titanium Sponsor for 6th Annual Forex Expo in Dubai.

Multi-asset broker Exness has been named the Titanium Sponsor for the 6th edition of the Forex Expo in Dubai, further cementing its role as a key player and supporter in the trading industry.

Digital Assets

Mt. Gox victims to wait another year for repayments

Nobuaki Kobayashi, the trustee responsible for managing the assets of the now-defunct Mt. Gox Bitcoin exchange, has announced an extension of the deadline for repaying the exchange’s creditors.

Technology

Sumsub launches Non-Document Verification in the UK: Client onboarding in 5 seconds

Sumsub’s partnership with OneID introduces Non-Document Verification, enabling near-instant identity verification through official bank records while ensuring compliance with UK regulations.

Industry News

CFTC fines Advantage Futures $395,000 for 12.8 million unmonitored trades

Collectively, these failures by Advantage resulted in over 12.8 million cleared contracts not being processed or surveilled from July 2018 to June 2022. This accounts for nearly 1.5% of the trading volume by Advantage’s customers during that four-year period.

Industry News

SEC doubles down on fund names rule: “Growth”, “Value”, “ESG” better watch out

“As the fund industry has developed over the last two decades, gaps in the current Names Rule may undermine investor protection. Today’s final rules will help ensure that a fund’s portfolio aligns with a fund’s name. Such truth in advertising promotes fund integrity on behalf of fund investors.”

Industry News

ASIC sues crypto exchange Kraken over alleged margin trading product violations

“These proceedings should send a message to the crypto industry that products will continue to be scrutinised by ASIC to ensure they comply with regulatory obligations in order to protect consumers. ASIC’s action should be a reminder of the importance to comply with the design and distribution obligations so that financial products are distributed to consumers appropriately.”

<