MILAN, Italy, Jan. 21, 2019 (GLOBE NEWSWIRE) — FXCM Italy, the Italian branch office of FXCM Group, LLC (“FXCM Group” or “FXCM”), a leading international provider of online foreign exchange trading, CFD trading, crypto CFDs and related services, today announced that it now offers two crypto CFDs, Bitcoin (BTC/USD) and Ethereum (ETH/USD). FXCM has worked with Liquidity Providers to lower crypto CFD spreads to be some of the most competitive in the space.
The Benefits of Trading Crypto CFDs at FXCM
|Directional Trading: With FXCM you can open long or short BTC/USD or ETH/USD CFD positions and trade potential market moves in either direction.|
|No Crypto Wallet or Cold Storage: With FXCM’s crypto CFDs means no physical delivery of Bitcoin or Ethereum is required and profits and losses are credited or debited to your account instantly.|
|Low Cost of Entry: FXCM offers micronized CFDs allowing you to place trades in fractions of an actual coin, which lowers the minimum margin required to enter a position.|
In addition to the new crypto CFDs FXCM also added recently Commodity CFDs, WHEATF, CORNF and SOYF which have the Wheat, Corn and Soybean Futures1 as their underlying references, as well as the Index CFD US2000, a cash-based CFD of the Russell 2000 Index. https://www.fxcm.com/it/cryptocurrency/
The Benefits of Trading Commodity and Index CFDs at FXCM
|Lower Cost of Entry: Micronized contracts allow you to trade at a fraction of the futures price.|
|No Restrictions: There is no minimum stop or limit distance on most products.|
|Directional Trading: CFD trading is flexible, allowing you to go long and short to take advantage of both rising and falling markets.|
|No Expirations for Indices: FXCM’s stock indices represent the current cash price of the underlying futures market and therefore do not expire.|
|Leverage2: Enter a position that requires only a small portion of the notional value of your position|
For more information and to open a live account, traders can contact an FXCM specialist 24 hours a day 5 days a week.
1 CME Group Market Data is used under license as a source of information for certain FXCM products. CME group has no other connection to FXCM products and services as listed above and does not sponsor, endorse, recommend or promote any FXCM products or services. CME group has no obligation or liability in connection with the FXCM products and services. CME group does not guarantee the accuracy and/or the completeness of any market data licensed to FXCM and shall not have any liability for any errors, omissions, or interruptions therein. There are no third party beneficiaries of any agreements or arrangements between CME group and FXCM.
2 Leverage is a double-edged sword and can dramatically amplify your profits. It can also just as dramatically amplify your losses. Trading commodities with any level of leverage may not be suitable for all investors.
FXCM is a leading provider of online foreign exchange (FX) trading, CFD trading, and related services. Founded in 1999, the company’s mission is to provide global traders with access to the world’s largest and most liquid market by offering innovative trading tools, hiring excellent trading educators, meeting strict financial standards and striving for the best online trading experience in the market. Clients have the advantage of mobile trading, one-click order execution and trading from real-time charts. In addition, FXCM offers educational courses on FX trading and provides trading tools, proprietary data and premium resources. FXCM Pro provides retail brokers, small hedge funds and emerging market banks access to wholesale execution and liquidity, while providing high and medium frequency funds access to prime brokerage services via FXCM Prime. FXCM is a Leucadia Company.
Trading Forex/CFD’s on margin carries a high level of risk and may not be suitable for all investors as you could sustain losses in excess of deposits. Leverage can work against you. The products are intended for retail, professional and eligible counterparty clients. For clients who maintain account(s) with Forex Capital Markets Limited (“FXCM LTD”), retail clients could sustain a total loss of deposited funds but are not subject to subsequent payment obligations beyond the deposited funds and professional clients could sustain losses in excess of deposits. Prior to trading any products offered by Forex Capital Markets Limited, inclusive of all EU branches, FXCM Australia Pty. Limited, FXCM South Africa (PTY) Ltd, any affiliates of aforementioned firms, or other firms within the FXCM group of companies [collectively the “FXCM Group”], carefully consider your financial situation and experience level. If you decide to trade products offered by FXCM Australia Pty. Limited (“FXCM AU”) (AFSL 309763), you must read and understand the Financial Services Guide, Product Disclosure Statement, and Terms of Business. The FXCM Group may provide general commentary which is not intended as investment advice and must not be construed as such. Seek advice from a separate financial advisor. The FXCM Group assumes no liability for errors, inaccuracies or omissions; does not warrant the accuracy, completeness of information, text, graphics, links or other items contained within these materials. Read and understand the Terms and Conditions on the FXCM Group’s websites prior to taking further action.
Jaclyn Sales, 646-432-2463
Vice-President, Corporate Communications