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Vantage FX is proud to offer clients the opportunity to trade a wide range of the leading cryptocurrencies. Unlike FOREX, commodities and indexes, cryptocurrencies are a pure traders market that’s dominated by retail speculators.
Bitcoin’s value, like that of any other commodity, will not continue to rise forever. Every trend has an end, and trading this new resource versus the Dollar gives some handy advantages over purchasing it outright. Bitcoin isn’t backed by any physical asset, making it very difficult to value, other than by applying technical analysis to assist with short-term trade setups.
The listing of other assets such as indices, stocks and commodities, paved the way for the inclusion of futuristic assets on the MT4 forex platform. So when some forex brokers started listing the commonly traded cryptocurrencies on forex platforms such as the MT4, it was not entirely a surprise.