Admiral Markets Expands Cryptocurrency Offering With New CFDs

Admiral Markets has once again expanded its cryptocurrency contracts-for-difference (CFDs) offering, this time with the addition of new coins including Eos, Stellar Lumens, and Ethereum Classic. The London-based broker will also present its global clients with the opportunity to cryptocurrency CFDs paired against the euro currency.

The introduction of new instruments adds to Admiral Markets' rapidly expanding suite of cryptos, following strong demand from clients over the past few months.

The company currently offers traders the ability to trade Monero vs. US Dollar CFD (XMRUSD) with leverage of up to 5:1. It also said the coins would be paired with Bitcoin.

Admiral Markets has been quickly shoring up its offerings with more altcoins in 2018. While 2017 marked the launch of Bitcoin CFDs and a gradual embrace of crypto products, the latest expansions have been fueled by consistent demand for more diverse options.

Last year saw Admiral Markets roll out multiple crypto-related offerings, including Bitcoin Cash and short selling on crypto CFDs in August. The group also offered tiered leverage on several crypto products last year as well, given strong demand and client feedback.

Furthermore, Admiral Markets reinstated trading on its cryptocurrency CFDs on its MetaTrader 5 (MT5) MetaTrader 5 (MT5) MetaTrader5 (MT5) is an all-in-one trading platform that enables the trading of forex, futures, and stocks. As a whole, MetaTrader5 is widely considered as one of the best applications for trading due to its capability of supporting algorithmic trading applications, such as Expert Advisors, Trading Robots, and Copy Trading. Functioning as a multi-asset platform, MetaTrader supports hedge trading which is widely employed by investors trading the foreign exchange market. MT5 supports market, trail MetaTrader5 (MT5) is an all-in-one trading platform that enables the trading of forex, futures, and stocks. As a whole, MetaTrader5 is widely considered as one of the best applications for trading due to its capability of supporting algorithmic trading applications, such as Expert Advisors, Trading Robots, and Copy Trading. Functioning as a multi-asset platform, MetaTrader supports hedge trading which is widely employed by investors trading the foreign exchange market. MT5 supports market, trail Read this Term) Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term.

Cryptocurrency CFDs traders at Admiral Markets should note that contracts expire each week on Friday, and are rolled over to the weekend. This was instituted to prevent potential gaps that can be incurred by clients to reflect price changes while Admiral Markets trading is closed outside of trading hours. The changes applied by Admiral Markets helped some of the underlying issues that have made it challenging for CFD brokerages to provide access to cryptocurrency trading.

According to the company’s statement, the new offering will be available directly through the Priority Access mode for professional clients only and will be open for retail clients in a couple of weeks.

Finance Magnates last reported on Admiral Markets last month after its Estonian-based arm applied for a credit institution license through the Estonian Financial Supervision Authority