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HotForex Adds Bitcoin Trading

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Multi-asset broker HotForex has added bitcoin trading to its cryptocurrency CFDs. The FCA forex broker, which offered a deposit option for the cryptocurrency earlier in the year, now allows traders to buy and sell bitcoin.

In a statement about the new offering, a HotForex spokesperson said, "Bitcoin has been rapidly changing the financial world since it was created. Here at HotForex, we believe in helping our clients keep up with the latest instruments, the newest tools and the best educational resources: adding this popular new cryptocurrency to our products was the natural next step, and offering the option to buy or sell sets us apart from brokers that only allow clients to buy. We hope our clients enjoy these new possibilities."

Bitcoin trading will be available to HotForex clients with accounts under HF Markets SA Ltd and HF Markets Ltd entities. HotForex's offering is unique in that clients can both buy and sell bitcoins.

HotForex also points out that clients can trade BTC/EUR and BTC/USD while enjoying low spreads and excellent liquidity.

HotForex joins a host of other brokers offering bitcoin trading, as the cryptocurrency continues to gain traction.

On Thursday, bitcoin hit a high of $4,522.13. The digital currency, which has a history of volatility, started the week at $4,000 and spiked to $4,400 by Tuesday before edging down slightly.

Bitcoin has seen gains since it split earlier in the month and caused a crash. Mainstream adoption and increased regulation have attracted more investors.

Earlier in the month, HotForex also announced the launch of its Autochartist service to its customers. Autochartist is a leader in the automated technical analysis industry. The tool can now be installed on MT4 terminals to help clients find opportunities across all charts.

HotForex says its new tool is fully customizable and available in the user's preferred language.

Autochartist automatically identifies trading opportunities and alerts clients. The service monitors financial instruments 24 hours a day, and can identify three types of charts: Fibonacci, Key Levels and Chart Patterns.

Autochartist founder and CEO, Ilan Azbel, said the company is looking forward to a "rewarding partnership as both companies strive for service excellence, and for offering user friendly trading tools for traders of all levels."

Volatility analysis is also offered, which provides insight into instrument movements.

HotForex, launched in 2010, is an HF Markets Group brand. The brand has on more than 20 international awards and more than 500,000 live accounts.


This article was written by Adam Monson for on .

This article published in collaboration with Scutify, the best app for traders and investors. Download the Scutify iOS App, the Scutify Android App or visit Scutify.com.

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