AvaTrade Brings Bitcoins Trading Services for Traders Reports ForexMinute

AvaTrade Brings Bitcoins Trading Services for Traders Reports ForexMinute

AvaTrade which offers Forex and CFD, has now announced that it is offering Bitcoin trading services. According to a source from ForexMinute, AvaTrade which has been able to carve a niche for its currency pairs and CFD till now is willing to venture out in the trade of digital currency which it will make available as CFD.

According to ForexMinute AvaTrade has thus become the second forex broker to be offering continuous Bitcoin on its electronic trading platform; the only other brokerage firm is Plus500 which has been offering this for a year now. Nonetheless, while binary options brokers have been quicker to take Bitcoin, FX and CFD brokers have been slower to launch it.

According to a source from AvaTrade, “Bitcoin will be offered on both its AvaTrader and MetaTrader 4 platforms, and it will be available for both short and long trades where it will offer up to 5:1 leverage for trading the digital currency.”

In its announcement AvaTrade also clears that the launch is being supported via technology from trading systems integrator Gold-i. According to the source from AvaTrade for Gold-I, the partnership marks their first involvement with integrating pricing of Bitcoins.

The source from AvaTrade further says that the brokerage firm has added Bitcoin to MT4/MT5 and plans to add it to the Gold-i portfolio to sell it to others. He also said that he believes that there will be an increasing demand for brokers to follow AvaTrade.

About ForexMinute.com

ForexMinute, the world’s leading Forex news and views portal, has become a one-stop solution provider for Forex traders and brokers as well as Bitcoins news. It provides all the required tools to individuals to become a professional Forex trader. Also, it helps Forex brokers provide high-end user-friendly trading experience to traders with an array of resources e.g. financial news by the minute, fundamental analysis, technical analysis, Forex tools and others.

For more information about ForexMinute.com, visit http://www.forexminute.com/

Related News

Litecoin gets its own widget on at ForexMinute

Online news portal ForexMinute — which covers, you guessed it, forex news (plus news on Bitcoin and Litecoin and other digital currencies) — has announced it has released a new widget so its Litecoin investors can keep up to date with news about the currency. Litecoin, a digital currency that’s been billed as the silver to Bitcoin’s gold, has risen and fallen with Bitcoin this year and is currently trading at around 0.03 BTC. Litecoin is already the second largest cryptocurrency by market capitalization. The widget is available here and can be incorporated into websites or blogs. It’s....

First Global Credit Announces New Bitcoin Trading Competition

Now that bitcoin is once again trading over 300 many feel there is good reason to hang onto a long position in the currency. But if you have bitcoins, wouldn't it be great if you could hold onto them while simultaneously using them to pull in even more profit? First Global Credit, a digital economy investment company is hosting a trading competition on their platform to allow new traders to experience their services and capture the profit opportunities available in the worldwide stock markets using the value stored in their bitcoins. Traders interested in pitting their skills against other....

Bitcoin Exchange FinCCX Lets Users Earn Commission When Trading

A group of Finland-based traders has launched a cryptocurrency exchange, FinCCX, to allow users to exchange bitcoins for regular money and vice versa. FinCCX claims by offering lower fees and providing the chance for traders to earn commissions while trading, it delivers an improved user experience to bitcoin traders. Traders can exchange funds in bitcoin or regular currency. FinCCX founders' 20-plus years of trading experience in financial markets allowed them to identify a high demand for bitcoin trading and bitcoins in general among traders, according to Elena Umanets, the marketing....

Bitcoin exchange BTC China experiences all-time price high

Chinese bitcoin exchange BTC China hit its all-time high at the weekend, trading bitcoin at ¥1,978 each. The record surpasses the previous Chinese high of ¥1,944 back in April this year, which, although Western media generally quotes the Mt. Gox high of $265, was actually equivalent to approximately $308. It seems the Chinese are willing to pay premium prices for their bitcoins, as exemplified by this recent breakout, with reports that much of the recent surge in the value of bitcoin can be attributed to the enthusiasm of Chinese traders. The thirst of Chinese traders. BTC China CEO Bobby....

AlfaTrade Introduces Guardian Angel to Improve Trading Strategies

Online forex brokerage firm AlfaTrade introduces Guardian Angel, a tool that would assist both novice and seasonal traders in improving their trading strategies. The FCA-regulated UK company has made quite a name for itself when it comes to providing non-manipulative trading services. The saying perfectly reflects in its range of trade-learning solutions that include interactive videos and paper tutorials, as well as a separate section that discusses multiple trading strategies to help traders learn forex trades. With Guardian Angel, AlfaTrade simply outgrows itself and brings out a viable....