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XM includes Bitcoin in trading portfolio

Sep 15 2017
By
Jonathan Smith ,

 Leading EU broker XM announced it is adding the Bitcoin to its currency trading portfolio on the MetaTrader 5 platform.


The Bitcoin can be traded against the USD, with zero commissions and fees and a margin requirement of 1:3 (33%). The value of one lot is BTC1. The minimum trade size is 0.1 lot and the maximum: 10 lots. The spread is as low as 12.


For the purpose, XM’s clients must open an MT5 account, which, in addition to the Bitcoin, offers forex and a range of 163 stock CFDs on all popular individual stocks. At the same time, the clients can keep their existing MT4 account, if they wish.


XM is the latest addition to the growing list of forex brokers turning their attention to the increasingly popular digital currencies. Most of them are offering CFDs or other instruments on the cryptocurrencies, but some, like eToro, for example, have started also offering trading in some of the digital currencies themselves.


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.

 

  

TAGS: xm  bitcoin 

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Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
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