Do not invest more money than you can afford to lose.
The Irish forex and CFDs broker AvaTrade announced it expands its already rich cryptocurrency portfolio with two new pairs. Namely, these are Ethereum Classic vs the American dollar (ETCUSD) and Bitcoin vs Euro (BTCEUR) and the broker’s clients can use leverage up to 1:20.
Last week Bitcoin’s price surged to almost $3,000 and this all-time high created euphoria throughout the financial markets. Digital currencies gain a momentum and more and more forex brokers extended their offering with Bitcoin and other cryptocurrencies lately. Most recently major UK and Cyprus-regulated forex and CFD broker HYCM launched Bitcoin trading, while XTB expanded its portfolio with several new cryptocurrencies.
“Cryptocurrencies are the future, and AvaTrade stands in the frontline of brokers when it comes to trading them. We work hard to insure we offer our clients the best trading conditions and possibilities,” commented Dáire Ferguson, CEO at AvaTrade.
The trading world changes and AvaTrade obviously tries to stay on top of the game. The broker launched Bitcoin CFD trading in 2013, and was the first to launch trading in Ethereum, Ripple and Dash in May this year.
Founded in 2006, AvaTrade offers online trading in more than 200 CFD financial instruments, including on forex, indices, stocks, commodities, cryptocurrencies, as well as binary options.
It is headquartered in Ireland’s Dublin and has offices worldwide, including in France, Italy, China, Mongolia, Australia, and Japan. It consists of Ireland-licensed Ava Trade EU, Australia-licensed Ava Capital Markets Australia, Ava Trade Ltd., which is registered in the British Virgin Islands, Japan-regulated Ava Trade Japan K.K., South Africa-licensed Ava Capital Markets Pty, as well as an Israeli unit.