logo |

News

    Home   >     Industry    >     Alpari    >     Main body

    WIKIFX REPORT: Alpari Enables 24/7 Cryptocurrency CFDs Trading

    Abstract:The feature does not apply to Alpari's PAMM accounts due to limitations pertinent to these types of accounts.
    Alpari_Red-Green-1.jpeg

      Alpari, a European forex broker, announced on Friday that its clients would be able to trade Cryptocurrencies on weekends starting October 2, 2021. According to an email sent to the customers, trading on cryptos CFDs will not be limited to weekdays anymore.

      However, this feature does not apply to PAMM accounts due to ‘specific features of this type of account,’ the brokerage noted. “For this reason, on September 27, 2021, cryptocurrency instruments (including open positions on them) on PAMM accounts will be renamed (for example, BTCUSD will become BTCUSDp),” Alpari clarified.

      Moreover, the European forex broker told its clients that new crypto CFDs would soon be available on Alpari‘s offering. During this week, the firm notified customers that trading conditions could be affected due to Evergrande Group’s turmoil in China, leading to a possible extreme market volatility, price gaps and abnormal gaps.

      That said, Alpari warned users it could take measures such as switching to close-only mode on trades, adjusting leverage, certain trading restrictions and increasing spreads. “We strongly recommend that you take the above risks into consideration when planning your trading strategy and ensure that you have sufficient funds in your account to cover your open positions. This also includes 'hedged' positions which, in case of spread increase, face the possibility of a Stop Out,” the broker noted.

      However, this feature does not apply to PAMM accounts due to ‘specific features of this type of account,’ the brokerage noted. “For this reason, on September 27, 2021, cryptocurrency instruments (including open positions on them) on PAMM accounts will be renamed (for example, BTCUSD will become BTCUSDp),” Alpari clarified.

      Moreover, the European forex broker told its clients that new crypto CFDs would soon be available on Alpari‘s offering. During this week, the firm notified customers that trading conditions could be affected due to Evergrande Group’s turmoil in China, leading to a possible extreme market volatility, price gaps and abnormal gaps.

      That said, Alpari warned users it could take measures such as switching to close-only mode on trades, adjusting leverage, certain trading restrictions and increasing spreads. “We strongly recommend that you take the above risks into consideration when planning your trading strategy and ensure that you have sufficient funds in your account to cover your open positions. This also includes 'hedged' positions which, in case of spread increase, face the possibility of a Stop Out,” the broker noted.

      

      

    Read more

    United States Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand

    United States Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand
    Current Rate  :
    --
    Amount
    United States Dollar
    Available
    -- United States Dollar
    Risk Warning

    The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

    Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.

    Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

    Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.