Multi-regulated FX and CFDs provider JFD Brokers has launched a new trading product, offering its clients the opportunity to capitalise on the recent Bitcoin rally.
Becoming one of the first in the online margin trading industry to be granted a license by the Cyprus Securities and Exchange Commission (CySEC) to offer the BTC/EUR and BTC/USD pairs for trading, JFD, a DMA/STP broker, is expecting that this move will help it stay one step ahead of its competition.
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Monika Peeva, Chief Trading System Officer of JFD Brokers, commented: “We are excited to launch this new product.
Bitcoin has been in the news since it was introduced, but it’s been making more headlines over the past few months, and we wanted to keep on top of this fintech trend, always offering our traders something more.”
Offering its clients these new bitcoin currency pairs, JFD will also allow partial trading on these instruments (with a minimum trading size of 0.01 CFD, i.e. less than one bitcoin).
The brokerage explains that this is designed for retail traders, and gives traders the opportunity to test these volatile instruments in smaller amounts, thus enabling better risk management. JFD’s margin requirements for these new pairs will be 10% (meaning up to ten-to-one leverage).