Cryptocurrency Broker Comparison Released By Online Brokers Australia

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Online Brokers Australia releases its comparison of cryptocurrency brokers. More information and the comparison tables can be found at https://www.onlinebrokersaustralia.com.au/cryptocurrency-broker/

Australian regulated stock, Forex and CFD broker reviews website Online Brokers Australia recently published their in depth comparison of cryptocurrency brokers with a focus on helping cryptocurrency traders. The aim of Online Brokers Australia latest publication is to provide the most relevant and useful information to cryptocurrency traders, so they may select a cryptocurrency broker with confidence.

While it may seem unusual to some, Online Brokers Australia chooses to focus on helping those wishing to trade the price change of cryptocurrencies without the complexities of physically owning the cryptocurrency itself more specifically, because the founder has been there before and found it difficult to find quality review sites they could trust.

While most other review sites simply list the positive selling points, such as all brokers listed are regulated CFD providers in Australia and cryptocurrency CFDs are an additional financial product which provides access to the popular blockchain markets. This is helpful because the comparison tables provide a quick and easy way to find which cryptocurrency CFDs are available at each broker and compare the spreads of each cryptocurrency broker.

Online Brokers Australia endeavours to go one step further in its mission to provide more value to those wishing to trade cryptocurrencies without the complexities of physically owning the cryptocurrency itself. One example of such specific advice is found below.

CFD cryptocurrency trading is where a contract for difference offered on a cryptocurrency such as Bitcoin, Ethereum, Ripple and more. As with all CFDs, you do not own the underlying asset (cryptocurrency in this case). However, you are trading the price change of the cryptocurrencies instead. This should not be confused with buying cryptocurrencies direct from an exchange.

While purchasing on an exchange may sound attractive, at the time of writing (late 2018) no cryptocurrency exchange firms have an Australian financial services licence (AFSL). They therefore do not have to abide by the regulations placed on Australian regulated forex and CFD providers in Australia by the Australian Securities and Investments Commission (ASIC). Cryptocurrency exchanges therefore do not have to abide by any ASIC regulations regarding how they handle client money, no audit requirements, no overriding government body to report any issue you may have with and so on.

Online Brokers Australia got its start in 2014, founded by Stuart Young. The idea for the site came about when he saw the need to provide a review and comparison site that made the broker selection process easy. Stuart also saw the need for a site where users could see the real person behind the reviews and the experience they offer. Stuart Young stated “that’s why we don’t hide behind ‘faceless’ reviews as many other broker comparison websites do”.

Ever since, Online Brokers Australia has made a point to provide the best information, in an easy to use format, to traders and investors in the largest global financial markets. Since it first went online, Online Brokers Australia has published many reviews on products and always aims to make it easy to choose a reputable, Australian regulated, cryptocurrency broker who will meet traders needs.

Online Brokers Australia’s complete write-up and comparison of cryptocurrency brokers can be found at https://www.onlinebrokersaustralia.com.au/cryptocurrency-broker/

Contact Info:
Name: Stuart Young
Email: Send Email
Organization: Online Brokers Australia
Address: Level 36, Governor Phillip Tower 1 Farrer Place, Sydney, New South Wales 2000, Australia
Phone: +61-2-8880-9022
Website: https://www.onlinebrokersaustralia.com.au

Source: PressCable

Release ID: 456859