The popular cryptocurrency exchange Bithoven.com is announcing the official launch of Margin Trading services for its users on the platform. According to the exchange, the decision to launch these services is related to the large number of requests that the platform received during the last months.
Bithoven Announces New Margin Trading Services
Bithoven.com is working in order to offer its clients the best services in the market. This is why the exchange decided to launch its new Margin Trading service for traders in the platform. Focused on its clients, Bithoven is also offering the latest MetaTrader 5 with a large number of features for charts, including different timeframes, market depth, and also netting and order-hedging.
With the new Margin Trading option, users will be able to buy or sell cryptocurrencies with an increased trading power. This would allow them to increase their profits even when they do not own large amounts of virtual currencies.
By using leverage users must know that although the return on their investments can be higher, their risk increases. The exchange has also developed a free demo margin trading tool for individuals to have the possibility to test this new feature without risk of losing their funds.
The exchange is now offering leverage up to 1:20. In addition to it, Bithoven allows trading robots/expert advisors to help users trade their digital assets in the most profitable way. It is also worth mentioning that the Margin Trading option is going to be available for users on the web, desktop and mobile platforms to offer a more comfortable experience for all kinds of traders.
With MetaTrader 5, the new Margin Trading feature and the use of trading robots/expert advisors, users will have a much more advanced trading experience with their needs addressed in the most advanced way.
An important feature of the exchange is its customer service. The platform has a 24/7 customer care team that is ready to solve all the issues and problems that users could face during their time using the platform.
The margin nominal currency is going to be Bitcoin (BTC), the most liquid and recognized digital asset in the market. Users can open both short and long positions with leverage. With the friendly and multifunctional interface offered by the platform, it would be possible for traders to have a more complete experience.
Some of the trading pairs that are available to be traded with leverage include BTC/USD, ETH/USD, LTC/USD, XMR/USD, BCH/USD, ZEC/USD, DASH/USD, XRP/USD, EOS/USD, BCH/BTC, DASH/BTC, ETH/BTC, XMR/BTC and finally ZEC/BTC.
Traders should know that margin trading is a very risky feature since the cryptocurrency market is much more volatile than others. In addition to it, the risks related to this kind of trading activity are higher. These tools have been created for experienced individuals that want to enhance their trading experience.
Margin trading services are not available to US residents.