Roboforex Adds 4 Cryptocurrency CFDs for Trading

Roboforex clients gain the ability to trade the instrument on the MT4 forex market
06 February 2018   319

RoboForex, an international financial broker, is expanding the list of cryptocurrencies available for trading via MT4 and MT5 platforms. Apart from and RoboForex clients will have an opportunity to trade Bitcoin, Bitcoin Cash, Ethereum, Dash, Litecoin, and Ripple. 

RoboForex expanded access to cryptocurrencies for its clients and added new instruments, BCHUSD, DSHUSD, LTCUSD, and XRPUSD, which are available for trading via popular MT4 and MT5 platforms. Trading conditions for new digital currencies will be the same as for BTCUSD and ETHUSD pairs. The leverage applicable for the instruments is fixed at 1:10.

We always keep up with the time and provide quality access to a wide range of trading instruments. The current situation is that a large part of our clients are trading cryptocurrencies and we see high potential in them. This market is very attractive due to its volatility. It is growing and scaling very quickly, and more and more people are taking interest in it. To satisfy this demand, corresponding infrastructure and services are required, and RoboForex is systematical, step by step, implementing them for its clients.

 

Denis Golomedov

CMO, RoboForex

It is worth mentioning that in September 2017 RoboForex provided its clients with an opportunity to trade two most popular instruments on the cryptocurrency market, BTCUSD and ETHUSD, which are available in MT4, MT5, and R Trader platforms.

SEC Suspends Trading in 3 Companies

On Friday The U.S. Securities and Exchange Commission temporarily suspended the trading of three companies as they made the purchase of cryptocurrency and blockchain-related assets
17 February 2018   133

According to the announcement, the trade of  Cherubim Investments, Inc., PDX Partners, Inc., and Victura Construction Group, Inc. will be suspended between 9:30 a.m. EST Friday and March 2. The notice was dated Feb. 15.

SEC stated that its trading suspension orders state that recent press releases issued by CHIT, PDXP, and VICT claimed that the companies acquired AAA-rated assets from a subsidiary of a private equity investor in cryptocurrency and blockchain technology, among other things.

The release also indicates additional reasons for the suspensions. The agency’s orders also say there are questions regarding the nature of the company's business operations. In case of CHIT, the Commission suspended trading in the securities because of its delinquency in filing annual and quarterly reports.

In August 2017, the SEC  issued a warning for investors about the companies that may publicly announce ICO or coin-related events to affect the price of the company’s common stock.

Fraudsters often try to use the lure of new and emerging technologies to convince potential victims to invest their money in scams. 

U.S. Securities and Exchange Commission