Crypto Trading Platform Tailored for Forex Traders Debuts

A new crypto platform designed with forex traders in mind has been developed, potentially injecting new capital into the market by using familiar technology.

Cryptocurrencies have long piqued the interest of forex traders, but their availability on familiar platforms has been limited. To address this issue, Altum Brokers has launched a trading platform that provides access to crypto-focused products using the popular tool. This platform allows users to trade digital assets and derivatives, such as contracts for difference (CFDs), through a familiar interface.

Altum Brokers was developed in response to the growing demand from forex traders seeking access to cryptocurrencies. The company believes the platform will also appeal to traders seeking an alternative to traditional crypto exchanges.

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Competitive Advantages

The Altum Brokers team understands that the marketplace is crowded and highly competitive, so they have focused on addressing some of the main pain points faced by traders using existing platforms.

One such issue is the time-consuming and complex Know Your Customer (KYC) checks. Altum Brokers offers a simplified, fast registration process that eliminates as many steps as possible, allowing users to maintain anonymity.

The platform has been optimized for seamless cryptocurrency trading, with lightning-fast order executions to ensure users don’t miss opportunities when markets move rapidly. Altum Brokers offers leverage of up to 1:500 and claims to have a typical Bitcoin spread of $3, compared to the $30 average among its competitors.

Through CFDs, traders can speculate on price movements of major cryptocurrencies like Bitcoin and Ether without owning the asset. Besides cryptocurrencies, the platform supports forex, gold, and indices, aiming to become a one-stop-shop for traders.

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Platform Features

Altum Brokers customers can fund their accounts 24/7 through secure crypto wallets provided on the platform. Deposits are accepted in Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, and USD Tether. Most funds are stored in cold wallets, disconnected from the internet and secured with antivirus programs and time-delayed access.

Recognizing that some users may be new to cryptocurrencies, Altum Brokers offers demo accounts for testing strategies and familiarizing themselves with the system without risking assets.

Safety and credibility are top priorities for Altum Brokers’ experienced team. General Manager Amy Pepper brings over 10 years of experience in the CFD space, having worked with companies like FXPro and IC Markets.

With over 60 crypto pairs and regular additions, Altum Brokers aims to become an established competitor in the market.

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