NordFX: An All-In-One Traditional Forex Broker and Crypto-Exchange
- NordFX continues to expand the roster of services to enhance the profitability of clients’ trading and investment.
MetaTrader 4 has been transformed into a professional crypto-exchange, thanks to the MTEX trading system developed by NordFX professionals. This is alongside its previous functionality for trading traditional currencies and metals on the Forex market.
Bringing together innovations in finance and IT, NordFX continues to actively expand the roster of services it offers to enhance the profitability of clients’ trading and investment. In this spirit, just a few weeks ago NordFX announced the creation of RAMM-service—a unique platform for auto-copying trading signals whilst controlling risk levels.
Yet another innovative solution is the possibility of using the well-known MetaTrader 4 terminal as an exchange for cryptocurrency trading. This new solution developed by NordFX experts is a peer-to-peer trading system based on an exchange-style framework in which clients trade exclusively with each other, with orders being executed immediately at the best prices provided by other participants.
Just as in a cryptocurrency exchange, spreads are set by the market. In this case, however, the spreads are much lower. For instance, for the BTCUSD pair spreads have fallen from $25-30 per lot to $5-6. The Taker commission has also fallen to become the lowest in the market.
When it comes to Maker commissions for limit orders creating Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term, this is now paid to the trader rather than the broker. This allows traders to make money from commissions, on top of that made on differences in buy/sell prices.
Low margin requirements
NordFX margin requirements remain quite low. For example, opening a position for 1 BTC (1 lot) will require only $300, which represents a leverage ratio of approximately 1:20 at current bitcoin prices. For ETH (Ethereum) the margin will be $30 per lot, whilst for XRP (Ripple) it will be $0.06. The account specification page on the NordFX website contains details on the margin requirements for other pairs and indices.
Currently, 14 of the most popular Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term quoted in USD terms are available for trading, as are 4 crypto-indices, namelyTOP14CRYPT, TOP5CRYPT, 10ALTand TOP3ALT. These contain various cryptocurrency groupings in different proportions.
NordFX clients are offered three types of accounts – Fix, Pro and Zero. Each of them allows one to combine cryptocurrency pair and index trading with operations concerning of traditional currencies and precious metals. Thus, traders have additional capacity to develop unique strategies, to reduce trading risks and maximize profit.
You can deposit and withdraw funds from accounts using USD, BTC and ETH. In addition to US Dollars, accounts can also be denominated in bitcoin and Ethereum. The list of cryptocurrency wallets is set to be expanded in the future.
Disclaimer: The content of this article is sponsored and does not represent the opinions of Finance Magnates.
MetaTrader 4 has been transformed into a professional crypto-exchange, thanks to the MTEX trading system developed by NordFX professionals. This is alongside its previous functionality for trading traditional currencies and metals on the Forex market.
Bringing together innovations in finance and IT, NordFX continues to actively expand the roster of services it offers to enhance the profitability of clients’ trading and investment. In this spirit, just a few weeks ago NordFX announced the creation of RAMM-service—a unique platform for auto-copying trading signals whilst controlling risk levels.
Yet another innovative solution is the possibility of using the well-known MetaTrader 4 terminal as an exchange for cryptocurrency trading. This new solution developed by NordFX experts is a peer-to-peer trading system based on an exchange-style framework in which clients trade exclusively with each other, with orders being executed immediately at the best prices provided by other participants.
Just as in a cryptocurrency exchange, spreads are set by the market. In this case, however, the spreads are much lower. For instance, for the BTCUSD pair spreads have fallen from $25-30 per lot to $5-6. The Taker commission has also fallen to become the lowest in the market.
When it comes to Maker commissions for limit orders creating Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term, this is now paid to the trader rather than the broker. This allows traders to make money from commissions, on top of that made on differences in buy/sell prices.
Low margin requirements
NordFX margin requirements remain quite low. For example, opening a position for 1 BTC (1 lot) will require only $300, which represents a leverage ratio of approximately 1:20 at current bitcoin prices. For ETH (Ethereum) the margin will be $30 per lot, whilst for XRP (Ripple) it will be $0.06. The account specification page on the NordFX website contains details on the margin requirements for other pairs and indices.
Currently, 14 of the most popular Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term quoted in USD terms are available for trading, as are 4 crypto-indices, namelyTOP14CRYPT, TOP5CRYPT, 10ALTand TOP3ALT. These contain various cryptocurrency groupings in different proportions.
NordFX clients are offered three types of accounts – Fix, Pro and Zero. Each of them allows one to combine cryptocurrency pair and index trading with operations concerning of traditional currencies and precious metals. Thus, traders have additional capacity to develop unique strategies, to reduce trading risks and maximize profit.
You can deposit and withdraw funds from accounts using USD, BTC and ETH. In addition to US Dollars, accounts can also be denominated in bitcoin and Ethereum. The list of cryptocurrency wallets is set to be expanded in the future.
Disclaimer: The content of this article is sponsored and does not represent the opinions of Finance Magnates.