Up until the time of writing, customers of Robo Forex could only trade and sell digital currencies that were paired with fiat. Some of these pairs included BTC/USD, ETH/USD, and LTC/USD. However, those with pro-standard and ECN accounts will have the ability to trade Ethereum for bitcoin (and vice versa), along with Litecoin for bitcoin.
Furthermore, Robo Forex has improved trading conditions by lowering commissions and reducing spreads, thereby giving its customers access to lower fees and shorter transactions times. Robo Forex isn’t the only company looking to make optimal changes to its trading platform. Another one is called Phemex, a crypto exchange based in Asia. Phemex has announced that all new retailers looking to trade on its platform will experience no trading fees as part of a new promotion.
Instead of paying fees on every transaction, new retail players have the option of being charged $9.99 a month to utilize all the company’s services. Fees on the platform typically range from anywhere between seven and 20 percent depending on the size of the transaction, so the monthly payments have the potential of being considerably lower than what some traders will typically pay.
The exchange has a daily trading volume of roughly $300 million, making it a moderately-sized platform in comparison with companies such as Coinbase and Binance. The enterprise also offers several varying assets including bitcoin, Ethereum, Chainlink, Ripple, Tether and Litecoin. Bitcoin derivative accounts are also available for some traders.
Forex trading is good especially if someone can master its skills very well. It is advisable that anyone intending to go into forex trading should learn it well.