The Belize based Retail FX brokerage group, Roboforex has recently announced their decision to raise the leverage for trading cryptocurrencies. As per the news available, the clients that are trading cryptocurrencies through the Roboforex platform will be able to carry out their trading operations with leverage as high as 1:50 from the start of September 2018.
The company has been very dedicated to rapidly improving the trading conditions for the clients while increasing the service offerings of the company. So, they are allowing the clients having ECN-Pro, Pro-Standard and Prime account to trade in all cryptocurrencies with a leverage of 1:50.
The change in the leverage offered will have a profound effect on the positions that are opening in the cryptocurrency market as the previous leverage ratios available were between the ranges of 1:1 to 1:10. The clients will be able to avail this new leverage on MetaTrader 4 and MetaTrader 5 as well as R Trader for different cryptocurrencies like Bitcoin, Dash, Ethereum, Ripple, Bitcoin Cash, Litecoin and EOS.
We were able to get a comment from the Chief Marketing Officer of Roboforex, Denis Golomedov. He said:
“Many of our clients trade cryptocurrencies. It’s really important for them to cooperate with the broker, which provides the most comfortable trading conditions and highest security level when they trade these instruments. The increased leverage will allow our clients to implement a wider range of trading strategies and significantly increase their trading volume”.
Providing their services across the globe and having an IFSC brokerage license, Roboforex provides the traders with access to their highly advanced trading platforms along with different trading tools.
So, what are your thoughts on it?