Altcoins Talks - Cryptocurrency Forum
Learning & News => News related to Crypto => Topic started by: PRIBO247 on December 18, 2018, 06:34:41 PM
-
Trade.io clients will initially open their accounts
through its St. Vincent and the Grenadines entity
TIO Markets Ltd.
The Zug-based blockchain
company Trade.io today has provided
fresh updates about its FX trading
offering, which will be launched in two
phases starting from next week.
At the initial stage, effective December
27, Trade.io will introduce trading on
130 forex and CFDs instruments
including precious metals, oil,
commodities, indices, global equities and
more. Furthermore, it plans to allow
clients to choose between MT4, MT5 and
the PAMM terminals.
At this stage, Trade.io clients will open
their accounts through its St. Vincent
and Grenadines entity ــ TIO Markets Ltd.
The recently-rebranded firm will offer a
combination of FX trading utilizing
crypto assets as base currency. Clients
will initially be able to utilize Bitcoin
and Ethereum along with trade.io’s
native utility token, TIOx, to access the
FX platform. Those using TIOx will be
offered a 50% commission discount and
portion of all revenue generated for
trade.io’s liquidity pool.
In a medium post, Trade.io said the
second stage kicks off as early as
February 2019 and will bring an added
option for clients to open their accounts
with its FCA-regulated arm TIO Markets
UK Ltd., depending on their geographic
location.
Also in the Trade.io statement, it is said
that in the future users will be able to
exchange fiat currencies for crypto
assets. In addition, the company plans to
list new trading products and allow for
fiat deposits in multiple currencies
through bank wire, credit/debit card and
various payment processors.
To help strengthen its regulatory
footprint and presence in Europe,
Trade.io acquired last month Primus
Capital Markets, which is authorized by
the UK financial regulator and offers
brokerage services to professional
investors.
Lastly, this phase will include the launch
of different affiliate programs including
CPA and revenue sharing schemes.
Just three weeks ago, Trade.io has
elevated its Chief Compliance Officer
and Head of Capital Markets William
Heyn to take on the role of its new CEO,
replacing the ougoing cheif Jim Preissler.
Following the succession of Heyn,
Preissler will remain on the company’s
Board of Directors.
source: https://www.financemagnates.com/