Do not invest more money than you can afford to lose.
Offshore online forex broker Tradeview Markets, trading as Tradeview Forex, has become the first forex broker to integrate the services of financial company Uphold, the fintech said last week.
Through the partnership, the clients of Tradeview Forex can use Uphold’s cloud-based money transfer services to deposit and convert funds, as well as to hold their profits in 25 supported currencies and four commodities. The service is free of bank and transaction fees.
“Tradeview prides itself on customer service, and thanks to Uphold we have more ways to support self-directed and institutional traders around the world,” said Tradeview founder and CEO Timothy Furey. “This integration complements our Innovative Liquidity Connector, and instantly provides more traders the tightest spreads in the industry with minimal fees across a broad range of currencies,” he added.
Uphold uses an open application program interface (API) technology, Uphold Connect, which is powered by its proprietary Uphold Platform. Traders can use the services to fund their accounts, send or receive money, convert currencies, or hold depositied funds. Nearly all services are free when done between existing Uphold members.
South California-based Uphold was set up in 2014 and operates across 174 countries. It has operations in London, Braga, Shanghai and San Francisco. In addition to traditional currencies, Uphold also supports digital currencies such as Bitcoin, Litcoin, and Ethereum.
In addition to Uphold, Tradeview Forex also supports bank wire transfers and bank cards, as well as e-wallets Skrill and Neteller.
Tradeview Forex offers trading in 25 forex pairs, as well as contracts for difference (CFDs), precious metals and stock with variable spreads and commissions. Its product portfolio features both retail and institutional services.
The broker is a subsidiary of Tradeview Ltd., which is regulated by the Cayman Island Monetary Authority (CIMA). The company also operates Tradeview Prime, a broker of institutional forex, futures, equities, and options, and TVM Trader, which is a provider of equities trading services.
The Cayman Islands are known as an offshore financial heaven since entities are not required to pay any taxes on corporate profits and capital gains.
Source: Uphold
