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Admiral Markets hikes leverage for Bitcoin, Ether CFDs

 Admiral Markets, a European forex and CFD broker, announced it is amending the trading conditions for the CFDs with Bitcoin and Ether in its portfolio.

 

Starting from December 11, 2017, the broker will change the exposure limit for the BTCUSD and ETHUSD CFDs and will increase the max leverage from 1:5 to 1:10. The current exposure limit of 10,000 EUR (or equivalent) will be increased to 40,000 EUR for BTCUSD and to 20,000 EUR for ETHUSD.


Additionally, Admiral Markets is introducing the following tiered margining structure:

 


There will also be some more changes. Weekend trading in the two instruments will be disabled, due to changing the liquidity provider. The contract sizes, contract step minimum and maximum contracts for BTCUSD and ETHUSD will be changed in the following manner:


 

Due to the upcoming changes, Admiral Markets will close all positions on BTCUSD and ETHUSD at the last dealing quote at 23:59 Friday 8 December, 2017 and will perform maintenance. Pending orders on the two instruments will also be closed.

 

Admiral Markets is one of the many forex brokers offering leveraged trading in CFDs on some of the major cryptocurrencies. The instruments, which also include CFDs with Ripple, Bitcoin Cash and Litecoin against the USD CFDs, were introduced earlier this year, in response to the growing investor interest in cryptocurrencies.

 

Admiral Markets Group is licensed by the Estonian Financial Supervision Authority. It consists of several sister companies, regulated by UK's FCA, the Cyprus Securities and Exchange Commission and the Australian Securities and Investment Commission.

 

The brokerage offers trading in forex and CFDs on stocks, indices, bonds, precious metals and energy on MetaTrader 4 and 5, with a leverage of up to 1:500 and a minimum deposit of EUR 200.


TAGS: admiral markets  bitcoin  ether 

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