UK-based, FCA-regulated broker GKFX Financial Services, known as GKFX, today announced in a company statement that it is offering clients the opportunity to trade in the most popular cryptocurrency, Bitcoin, directly on its MT4 trading platform.
Effective immediately, GKFX customers can trade the BTC/USD and BTC/EUR pairs. Joining a wide range of asset classes that GKFX already offers, trading of the new instruments will be done from the same accounts clients use for other trades, adding a layer of security to the exciting but volatile cryptocurrency market.
GKFX’s decision to introduce Bitcoin to its roster of tradable instruments not only offers clients a gateway to the cryptocurrency market, but also unlocks the many robust features that MT4 offers such as automated trading and advanced charting tools.
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It also optimizes clients’ trading experience by taking away part of the risk usually associated with trading such exotic assets directly, whilst allowing them to profit from the active exchange rates.
In terms of trading conditions, GKFX is not much different than existing digital currency products from forex and CFD brokers, as they will be providing trading via their MT4 platform with margins of 20 percent, i.e. leverage of 1:5. According to its statement, trades will be charged spreads as low as $20.00.
Brian Myers, Managing Director of GKFX, commented: “At GKFX, we focus on constantly driving new enhancements to our product offering to provide our traders with the latest trading opportunities. After actively listening to our client’s requests, we are delighted to unveil Bitcoin on our MT4 platform.”