Source: financemagnates, 18/12/2024
CentFx, an award-winning international broker, has just launched CentPay, a fast, secure and seamlessly integrated payment solution that clients can use as a funding method when trading and for real-world transactions with their Cent Pay Master card.
CentPay allows you to deposit and withdraw instantly when trading more than 400 instruments offered by the company. In addition, strong encryption ensures the security of funds and transfers. This new payment solution also accepts multiple funding options, including major credit cards, cryptocurrencies, bank transfers, and popular electronic payment methods such as Perfect Money, Samsung Pay, Union Pay, and more.
In addition to this list of great benefits, customers can also deposit cryptocurrencies and spend those funds with a CentPay Mastercard. As the brokerage says, this solution seeks to bridge the gap between digital assets and real-world payments.
Clients can combine this new feature with CentFx’s multiple account types to create a personalized trading experience. Depending on the account type they choose, they can get spreads starting from 0.0 pips, maximum leverage of up to 1:1000 and different minimum deposit amounts – so anyone can trade regardless of their budget. The added advantage is that CentFx does not charge a commission on any of its accounts.
Adding these conditions to the advantages of trading CFDs using cryptocurrency funds can give CentFx traders a significant market advantage. Keep reading to find out how.
Benefits of Using Cryptocurrency Money for Trading
Reaching leverage is one of the biggest and most important benefits of using cryptocurrency funds when trading CFDs compared to their equivalent real assets. Although it can have a negative impact if the market moves against a trader’s positions, as it can amplify market movements, when used with the right risk management tools, it can give the trader the ability to control larger trades with less money.
In addition, during periods of inactivity, when a client holds a certain currency or token and waits for its value to increase, they can use their crypto funds to trade other markets that may be more active. If the P/L ratio is positive, he can benefit from trading activity and the potential increase in the value of the cryptocurrency he holds.
Another exciting news recently announced by CentFx was the development of an integrated cryptocurrency exchange, giving its clients another way to participate in one of the most active and exciting markets in history. The timing of this announcement is also timely as Bitcoin recently breached the $100,000 level, setting another record ever. In the past, Bitcoin has led general rise for cryptocurrencies, and if that happens, CentFx clients will have the access they need to take advantage of them.
The addition of a cryptocurrency exchange also expands the range of the brokerage’s competitive offerings, allowing clients to trade multiple asset classes, including forex and indices. This can have numerous benefits for their clients, including the ability to easily diversify their portfolios, hedge open positions, and leverage markets at different volatility levels.
Meet the team at iFX EXPO Dubai 2025
The broker also revealed that it will participate in one of the largest B2B or B2C online trading exhibitions in the world, iFX EXPO Dubai 2025. The company will be at booth 25, where its team of representatives will be available to answer questions about its products, features and partnership programs.
The well-known industry event sees thousands of attendees, including individual and professional traders, affiliates and IBs. Exhibitors and visitors include brokers, liquidity providers, fintech companies, service providers, and startups. The two-day exhibition will take place at the stunning Dubai World Trade Centre from 14 to 16 January 2025.
This show should be an excellent forum for CentFx to promote its latest products, including the new CentPay payment solution and to get to know new and existing customers.
CentFX wins Most Trusted Broker Award The financial service provider was also very proud to be announced as the winner of the prestigious Most Trusted Broker award at Wikifinance Dubai 2024.
The award was presented at the event held at the luxurious Millennium Plaza Hotel Downtown in Dubai on November 27. According to the company’s Head of Business Development, Saeed Al-Islam: This recognition reflects our unwavering commitment to transparency, reliability and exceptional service in the trading industry. We express our sincere gratitude to our customers and partners for their continued trust and support. This achievement motivates us to continue to raise the bar and offer the best to our traders around the world. Here are more achievements together.
It looks like 2025 will be a busy year for CentFx, and very rewarding for its traders, with all these amazing new features and products added. Do you need more information about the latest payment solutions offered by the company or would like to register? Just visit the CentPay website.
