Crypto Derivatives Exchange Launches Referral Contest
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LXDX, a cryptocurrency derivatives exchange, announced that it has begun a unique referral contest. For a limited time, any participant will be able to win up to 100,000 shares in LXDX stock, with a total of 150,000 shares being allocated to the contest.
The exchange is set to launch live trading next month, but has recently opened early access to the platform for users to register trading accounts. All registrants are given a referral code that they can share with their network to participate in the contest. When new users use that unique code to sign up the referring user will receive the credit for that account.
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Difference between ECN, market makers and STP brokers
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In a perfect world the cost of buying and selling currencies would be the same, no matter which Forex broker you use. Unlike the stock market where we get heavy regulation and where stock prices are derived from a single exchange, prices vary from different Forex broker platforms.
The reason why is because currency prices are derived from the Interbank market which is a conglomerate of banks and hedge funds that provide prices to various Forex brokers around the world. The better the relationship between the Interbank market participants and the broker means that the prices are cheaper.
We expand on this in the video tutorial whilst also describing the main difference between ECN, market makers and STP Forex brokers. You may be surprised how some brokers take you for a ride and it is this lack of knowledge that they thrive on when trying to get you to sign-up as a customer.