The Contract for Difference (CFD) market has shown a change in momentum as cryptocurrency is likely to make its comeback after Bitcoin exceeded the $11,000 mark and Facebook announcing the issue of stablecoin ‘Libra’ last week. For Mitrade users, this presents an opportunity to delve into the world of cryptocurrencies once again with the company’s recently upgraded version 1.2 trading app.
LeapRate Exclusive… Mitrade Global Pty Ltd, the Melbourne based CFDs online trading broker announced the new updated proprietary trading platform has further enhanced user’s account opening experience and improved interactive interface. Customers will receive a clearer instruction from taking identity verifications to the entire payment process. Also, they can now check account movement more easily on the optimised trading interface.
The ASIC regulated broker’s move on improving its products seems to resonate with the recent bounce back of cryptocurrency. Bitcoin price has doubled its value in just two months and surged to $12,734 as of 26th of June, marking the highest in 2019. This gives a glimmer of hope on the cryptocurrency market. Along with this news, Facebook also announced, on 18th of June, the issue of ‘Libra’, a stablecoin that is designed to let people shop and send money overseas with almost zero transaction fees.
In response to the big waves in the cryptocurrency market, Mitrade’s traders can enjoy cash back perks with Mitrade’s new rebate program. The program is offered to clients who are already trading on Mitrade. Clients are automatically enrolled into the program and will receive a rebate per million USD/AUD of the notional trade amount, including the trade on cryptocurrency or other instruments such as forex, commodity or index.
Laura Lin, CEO of Mitrade Global Pty Ltd
This is our way to reward traders who have experienced Mitrade trading platform and to show them our relentless spirit to improve on whatever we do,” said Ms Laura Lin, CEO of Mitrade Global Pty Ltd. A broker focusing on innovation and security, Mitrade holds an Australian Financial Services Licence and is regulated by the Australian Securities and Investments Commission (ASIC). To Laura, these two factors go hand in hand, and especially for a finance and technology company. “Compliance is at the heart of everything we do, and we take pride in our strong culture of ensuring positive client outcome.
This is the third time Mitrade announces its upgrade after the launch of its trading platform in May. The proprietary platform, designed by Mitrade Global Pty Ltd, is aimed to simplify CFD trading.
It is available for download from the App Store and Google Play. CFDs are a leveraged product and can result in the loss of your entire capital.