Equiti Brokerage, the Seychelles-based subsidiary of multi-asset trading services provider Equiti Group, has expanded its cryptocurrency CFD offering.
“One of the largest dual offerings in the market”, said chief executive Brian Myers, as Equiti’s CFD offering provides exposure to more than 80 digital assets as either fully paid or leveraged products.
Equiti allows users to trade alt-coin & bitcoin CFDs on margins from 10%, with average spreads of $5.59 on BTCUSD and $0.36 on ETHUSD. All spreads are less than 1% of the market price and the broker charges 0% commission on fund transfers, it says.
Equiti Brokerage’s new cryptocurrency offering includes most of the world’s top coins by market capitalization including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Binance Coin (BNB), Dogecoin (DOGE), Polkadot (DOT) and Solana (SOL).
Brian Myers, CEO of Equiti Brokerage, said: “We’ve worked hard to meet the changing needs of our clients, and the message is clear when it comes to cryptos, there is a need for both short-term speculation and long-term investing. It is for this reason that we now provide one of the largest dual offerings in the market, enabling our clients to trade more than 80 coins as either a fully paid or leveraged contract for difference (CFDs) with exceptionally low transaction costs.”
The broker says the addition of more than 80 margined cryptocurrency CFDs makes it one of the most competitive and largest cryptocurrency offerings in the retail industry.
Trading margined cryptocurrencies as CFDs via the MT5 platform allows Equiti’s retail clients onboarded through Equiti Brokerage (Seychelles) Limited to take exposure to the crypto markets with smaller balances and leverage from 1:10.
Regulated by Financial Services Authority in Seychelles, Equiti Brokerage accepts USD deposits for Crypto CFD trading on MetaTrader 5 via mobile, laptop or tablet. Crypto CFD trading doesn’t carry the risk of having assets hacked or clients losing the cold wallet.
Equiti’s Fully Paid Cryptocurrency CFD offering includes no overnight fees, unlike the margined products. Besides Fully Paid Cryptocurrencies and Margined Cryptocurrencies CFDs, Equiti Brokerage also provides access to Forex, EU Shares, US Shares, UK Shares, Indices, and Commodities.
Equiti Brokerage is a subsidiary of Equiti Group, which is spread across the globe, with local offices in Europe, the UK, the Middle East, the Americas, Africa, and the Asia Pacific regions.
Regulated entities within Equiti Group include Equiti Capital UK Ltd regulated by the UK’s Financial Conduct Authority, Equiti Securities Currencies Brokers LLC regulated and licensed by the UAE’s Securities and Commodities Authority, Equiti Group Limited Jordan, regulated and licensed by the Jordan Securities Commission, EGM Futures DMCC, regulated and licensed by UAE’s Securities and Commodities Authority, EGM Securities Ltd regulated and licensed by Kenya’s Capital Markets Authority, Equiti Brokerage (Seychelles) Limited regulated and licensed by the Seychelles Financial Services Authority and Equiti AM CJSC, regulated and licensed by the Central Bank of Armenia.