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As part of our ongoing commitment to offer clients the best selection of trading instruments, we are pleased to announce that we have recently introduced a new cryptocurrency CFD offering featuring 11 of the world’s most popular cryptocurrencies. Our new cryptocurrency range comes amid increasing demand for online crypto trading and spans the most prominent coins by market capitalization including Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, Cardano, Dogecoin, Polkadot, EOS, Chainlink and Stellar.
The newly listed cryptocurrencies are all pegged against the US dollar and can be traded on a 24-hour basis on any Orbex MetaTrader 4 platform. Our cryptocurrency CFDs afford traders the opportunity to trade bith rising and falling crypto prices and realize a P&L when their trades are closed, without having to buy or store digital currencies in a wallet. When trading cryptocurrencies, Orbex traders can also benefit from our array of exclusive charting tools, advanced and flexible trade sizes. Our crypto trading costs are set at just 0.5% commission per trade, and with a 50% margin requirement, our crypto traders are able to double their positions with 1:2 leverage.
The introduction of our new crypto range adds to our rapidly expanding suite of tradable assets which currently features some of the world’s most popular markets including forex, equities, indices, metals, energies and futures. Orbex’s Chairman Abdullah Abbas has commented on the news:
“Delivering on our promise of providing our clients access to a wide range of markets at the best possible trading conditions, we are very pleased to announce the launch of our new cryptocurrency offering. Orbex clients can now diversify their portfolio with some of the world’s leading cryptocurrencies, available to trade with CFDs 24/5. At Orbex, we remain committed to keeping pace with market trends and gauging investor demand in order to continue to innovate with new assets, tools, and services for our clients.”
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The Comision National del Mercado de Valores (CNMV) has determined that Forex/CFDs are not appropriate for retail clients residing in Spain due to their complexity and high risk.
Orbex.com is operated by Orbex LLC, a company incorporated under the laws of SVG with the registration number (230 LLC 2019) and registered address at First ST Vincent Bank LTD Building, James Street, Kingstown, St. Vincent and the Grenadines.. Orbex Services LTD, registration number (HE 387329) , a company organized and existing under the laws of Cyprus, whose registered office is at Kato Polemidia, Limaasol, Cyprus ; a payment operator of Orbex LLC., by the laws of Cyprus acting as an agent on behalf of Orbex LLC.
Risk Warning: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite. There is a possibility that you may sustain a loss of some or all of your investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Orbex does not offer its services to residents of certain jurisdictions such as the USA, Iran, North Korea, Indonesia, Mauritius, and Romania.
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