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XM expands crypto CFD offering with Ether, Litecoin, Dash, Ripple

 Leading EU broker XM announced it is expanding its cryptocurrency CFD portfolio with the addition of the alt-coins Ether, Litecoin, Dash, Ripple as underlying assets.

 

They can be traded against the USD on the MetaTrader 5 platform client accounts. Similarly to the BTC/USD CFDs that were launched earlier this year, the new instruments can be traded with a leverage of up to 1:5 and a minimum trade size of 0.1 lots.

 

Clients who do not have an MT5 account can open one from the Members Area, without the need of additional validation. Besides crypto CFDs, the XM clients can trade in  forex and a range of 163 stock CFDs on all popular individual stocks.

 

XM is a brand of Trading Point Holdings Ltd., a company regulated by the Cyprus Securities and Exchange Commission (CySEC). Apart from its units in Cyprus and UK, it also has a subsidiary in the UK, licensed by the Financial Conduct Authority (FCA), an Australian unit, which holds a license from the Australian Securities and Investments Commission (ASIC). Furthermore, the XM group is registered with the relevant authorities in several other European countries, including the Germany, Spain, Italy, Finland, and France. It has also applied for a license from the Financial Services Board (FSB) of South Africa.

 

The news of XM’s expansion of cryptocurrency CFD portfolio comes against the background of a warning from UK’s FCA on the risks of those instruments.  

 

 

TAGS: xm  bitcoin  ether  litecoin  cfd 

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