JustForex, an international broker and brand of IPCTrade Inc, is one of the latest forex brokers to jump onboard the cryptocurrency bandwagon, with the firm announcing this Wednesday that it has added seven crypto pairs, which are available for online trading.
According to the statement, the firm originally introduced some cryptocurrency pairs for its Standard and ECN Zero accounts back in September to improve trading conditions. However, clients had to open a separate crypto trading account.
Now, both new and current clients can trade forex pairs, metals and the seven crypto instruments on one account, with the statement highlighting that traders don’t need to open a separate account for the digital assets from today.
Deloitte’s Banking Report Forecasts the Future of Social DistancingGo to article >>
The seven crypto pairs available for trading are BTC/USD, BCH/USD, ETH/USD, LTC/USD, DSH/USD, XRP/USD and EOS/USD. Whilst it is no longer necessary to open a separate trading account if traders wish to, for reasons such as convenience, it is still possible to have separate forex and crypto accounts.
According to the statement, the broker decided to add cryptocurrencies to its platform because digital assets continue to rise in popularity. The broker also sights a continued increase in demand from its traders, due to the high price volatility that the instruments can offer investors, which is less frequent in the forex markets.
JustForex is an over-the-counter broker, which is also represented on the Russian Forex Market. On its website, the broker states it is part of a group of companies that is made up of JF Global Limited and IPCTrade Inc. IPCTrade Inc. is authorized and regulated by the Belize International Financial Services Commission (License No. IFSC/60/241/TS/16).
According to the company’s LinkedIn profile, the broker was established in 2012 and is headquartered in Belmopan, the capital city of Belize. The broker operates through its website, www.justforex.com.