A REVOLUTION IN CRYPTOCURRENCY TRADING – A LEVERAGE 1:1000
Ever since December 2017, NordFX clients are enjoying the ability to trade the most popular cryptocurrencies—Bitcoin, Litecoin and Ethereum—using a 1:1000 leverage ratio.
This ratio is 10 times the market average, and enables clients to achieve a colossal profit with just a tiny amount of starting capital.
In the 11 months of this year the US dollar value of Ethereum has multiplied by 40, that of Litecoin by 20 and that of Bitcoin by 10. Thus, having bought 1 Ethereum for USD 11 in January and having sold it now for USD 440 would have resulted in a USD 429 profit. If, however, the same trade was conducted with a 1:1000 leverage ratio, USD 11 would have been enough to purchase not just 1, but 1000 of these coins.
Cryptocurrency trading is now available on all the account types that NordFX offers its clients. This gives traders exclusive opportunities to hedge their risks through completing numerous simultaneous trades with conventional currency pairs, as well as gold and silver.
NordFX provides yet another bold innovation: the most popular cryptocurrency, Bitcoin, can now be used as the deposit currency alongside the US dollar. This means that a trader can use Bitcoins to fund an account, to store assets, to withdraw profit and, by using cross exchange rates and leverage, conduct transactions with other cryptocurrencies, several dozen currency pairs and precious metals.
As a refresher, leverage is the monetary amount that a broker automatically offers traders for transacting in financial markets. Thus, NordFX allows traders and investors to make transactions of a volume equal to 1000 times that of their own assets.
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