ETFinance is a crypto-currency financial broker company regulated so as to provide customers a platform to trade from anywhere and everywhere in the world. It is a cryptocurrency brokerage firm.
What Is Crypto Currency?
Cryptocurrency is a virtual currency which is basically available online and cannot be seen in physical form. It uses the cryptographical function to do any financial transactions and is used for trading purposes, purchasing and selling online and many other such purposes. It is not controlled by either state government or central government so it is free from any kind of regulation that is it can be easily traded online without any kind of interference. Despite the cryptocurrency having various advantages, it is not known to most of the people as many are not aware of it and even if they know, they don’t have the knowledge about its process and how it operates. Bitcoins and Altcoins are forms of cryptocurrency. . Bitcoin is used to do peer to peer networking. It cannot be owned or possessed by anybody. It is available online as it is an open-source and anybody can use bitcoins. It was developed in 2009 by Satoshi Nakamoto
Who Is A CryptoCurrency Broker?
There are many cryptocurrency brokers available in the market out of which one is HiveEx.com. Cryptocurrency brokers find customers who hold a large number of cryptocurrency and buy and sell them on behalf of the customer in the market. The funds are traded through a dealer and it helps the customer in a timely settlement date, flexibility, and convenience in doing trading. The cryptocurrency broker is better than a cryptocurrency exchange because in exchange for the purchase and sale of cryptocurrency is done through a current market price. The exchange charges free from customers like fiat for the cryptocurrency or they will charge exchange between different cryptocurrencies. It is advisable to trade cryptocurrency below AU $50000 through an exchange but for the trade of cryptocurrency above AU $50000 OTC (Over the Counter) market that is trading through a broker is preferable. It is very easy to become a cryptocurrency broker.
3 important reasons why one should prefer a broker over an exchange is:-
Greater Liquidity Pool
Cryptocurrency broker offers greater liquidity by regulating the market as they use distribution buying and selling across the liquid exchanges.
Reduced Spread And Slippage Fees
Trading through brokers can reduce spread and slippage fees because an exchange with low trading does not necessarily means that it has low spread and slippage fees as compared to a broker.
Increased Cryptocurrency Pairs To Trade
Cryptocurrency brokers offer assets without liquidity loss because in an exchange cryptocurrency pairs maintain his own order book for each asset against fiat and also bitcoin leading to less liquidity and thus high slippage fees.
ETFinance is a brokerage company which deals in cryptocurrency and thus giving its customers a unique trading platform to deal with the currency. It offers various services such as ETFs, cryptocurrencies, stocks and foreign exchange. It was founded in 2018 in Cyprus and it is regulated by Cyprus Securities and Exchange Commission. It offers the MT4 Web Trader and Mobile forex trading platform. It offers over 45 forex currency pairs, CFDs, commodities, stocks indices, gold, silver, bitcoin, and other cryptocurrencies for trading and investment.
Mission of ETFinance– To provide traders with a firm foundation and a cutting edge platform that will allow them to trade at the best of their potential.
Vision of ETFinance-To be the go-to platform for aspiring individuals who are looking for a place where they can efficiently and intelligently invest their capital.
Various Advantages OfETFinance Are:-
- Types of accounts-It offers three types of accounts such as silver, gold, platinum starting with a deposit of $250.
- Low commissions-It has low commissions and offers low spread as compared to other broking companies present in the market.
- Direct Registration-An account can be opened by ETFinance directly by depositing funds and completing the registration process.
- Wide range of instruments-It offers a large number of instruments to trade in and a wide market for its customer base.
- Vial across multiple platforms-The customer has the option to trade from various platforms whether it is a laptop, personal computer, mobile, etc. You can download it through the play store.
- Good customer support– ETFinance offers good customer support to its customers by offering a 2487 helpline number. The executives, agents are present on the phone to solve their customer queries and provide them with full satisfaction and thus bringing in their mind a positive image of the company.
- No need for a cryptocurrency trade expert- It does not matter whether the customer is a beginner in dealing with cryptocurrency or he is a professional. With ETFinance each and every customer can trade in cryptocurrency.