what's your honest opinion on exchanges offering forex services?.

[Phoenixtrader]

As the year comes to an end, I've been reflecting on my trading decisions recently and I believe I'll delve into stocks and FX more next season, cos it's more stable, less volatile and somewhat challenging too.

Seems some echanges are thinking same way cos I just saw an announcement of a platform launching their tradefi beta Tradfi announcement, like, they'll open trading for gold, forex, indices, commodities and all.. I don't think this is a thing for exchanges but this is a bold step though, do you think it'll feel easier trading forex on exchanges or what's your opinion.

[EarnOnVictor]

I just saw an announcement of a platform launching their tradefi beta Tradfi announcement, like, they'll open trading for gold, forex, indices, commodities and all.. I don't think this is a thing for exchanges but this is a bold step though, do you think it'll feel easier trading forex on exchanges or what's your opinion.

You might just saw this, but it's not new anymore, some exchanges even started last year.

So long as their licenses and regulations permit them, why not? This will even bring more competition to the financial market and make those traditional brokerage firms to sit right.

[Wiwo]

Stock assets have been listed in many exchanges and this is not new anymore,  i have just one advice to give out to you ops.

Always apply same risk ratio that you use in your cryptocurrency trading.

Also avoid using high leverage,  since some stocks are listed on futures market.

[boyptc]

As the year comes to an end, I've been reflecting on my trading decisions recently and I believe I'll delve into stocks more next season, cos it's more stable, less volatile and somewhat challenging too.

And when returns there are quite slow, you will have to change your mind that you'll get back to crypto which is more volatile, high risk yet high reward market.

Seems some echanges are thinking same way cos I just saw an announcement of a platform launching their tradefi beta Tradfi announcement, like, they'll open trading for gold, forex, indices, commodities and all.. I don't think this is a thing for exchanges but this is a bold step though, do you think it'll feel easier trading forex on exchanges or what's your opinion.

Trade wherever you are comfortable doing it.

All of these exchanges are made for us to use them and it's up to us on which market and what platform we are convenient with.

It doesn't matter how many markets they are offering and what kind of brokerage they are. I think one factor is, if they are reputable or not.

[Gozie51]

I don't think this is a thing for exchanges but this is a bold step though, do you think it'll feel easier trading forex on exchanges or what's your opinion.

If exchanges go into this fully, I believe they will knock out many traditional brokers of forex trade because it is more convenient to have one account where you can trade both cryptocurrency, stock, derivative, fx etc. With that you don't need to bother logging into different platforms because you want to trade a particular item that is not in that platform. And also recently, some traditional forex brokers have included cryptocurrency, silver, gold etc in the list of there trading commodities which is the benefit of competition and growth. In the recent past, that was not so, every platform was known for their different identity of what they are known for but now things have started changing and mixing up. For example, binance trade stock but does not trade forex outrightly at the moment. Though they have ways you can exchange fiat and I believe gradually they would include direct trading of fiat in their platform I believe.

[Potato Chips]

Might be a hot take but I actually like it when exchanges add additional services. It's like a one stop shop, thus convenient. Most importantly, it also means I don't need to kyc in another platform. This is why c2c only platforms weren't that appealing to me as I could just sign up to a tier 1 exchange and access multiple markets.

Well as long as the they're able to maintain their platform to run smoothly. I would assume it can be taxing to maintain all that other stuff.

[Rruchi man]

In the recent past, that was not so, every platform was known for their different identity of what they are known for but now things have started changing and mixing up.

If you must survive in the business, there is a need to be dynamic and mix things up. Brokers that refuse to make things interesting will lose their customers to exchanges that are improving and evolving. This is the business environment, and you either catch up to change or get swallowed by it.

Forex traders who will start considering exchanges instead of their brokers are traders who have an interest in trading cryptocurrency too.

[rbynxx]

As the year comes to an end, I've been reflecting on my trading decisions recently and I believe I'll delve into stocks more next season, cos it's more stable, less volatile and somewhat challenging too.

Seems some echanges are thinking same way cos I just saw an announcement of a platform launching their tradefi beta Tradfi announcement, like, they'll open trading for gold, forex, indices, commodities and all.. I don't think this is a thing for exchanges but this is a bold step though, do you think it'll feel easier trading forex on exchanges or what's your opinion.

Whatever it is it will involved risks and it's on the trader on what he'll do with his trades. If you think forex was way more stable then just decrease your risks with crypto, nothing comes easy to be honest even if you change your market, it's on your risk tolerance at all if you want easy or more risky.

[cryptoaddictchie]

As the year comes to an end, I've been reflecting on my trading decisions recently and I believe I'll delve into stocks more next season, cos it's more stable, less volatile and somewhat challenging too.

Seems some echanges are thinking same way cos I just saw an announcement of a platform launching their tradefi beta Tradfi announcement, like, they'll open trading for gold, forex, indices, commodities and all.. I don't think this is a thing for exchanges but this is a bold step though, do you think it'll feel easier trading forex on exchanges or what's your opinion.

In my opinion, trading TradFi assets like forex or gold on exchanges can feel more convenient for crypto native users, but it may not be easier than using established platforms like eToro, which already offer mature tools, regulation, deep liquidity, and features like copy trading. My suggestion is to try both use exchanges for experimentation and familiarity, but rely on platforms like eToro if you want stability, strong risk controls, and a smoother learning curve.

[shinratensei_]

My opinion is neutral. But honestly why not since the market we're exposed to, the better.

If an exchange can provide seamless experience of trading equity and forex. I will have no problem. I personally have traded forex on chain by swapping over USDC and EURC many times I could consider it some form of foreign exchange trading.
The tradingview chart actually stay close to its supposed real value

USDC/EURC chart

So it will only bring value if it's cheaper in fee and have good amount of currencies.

[Phoenixtrader]

I don't think this is a thing for exchanges but this is a bold step though, do you think it'll feel easier trading forex on exchanges or what's your opinion.

If exchanges go into this fully, I believe they will knock out many traditional brokers of forex trade because it is more convenient to have one account where you can trade both cryptocurrency, stock, derivative, fx etc. With that you don't need to bother logging into different platforms because you want to trade a particular item that is not in that platform. And also recently, some traditional forex brokers have included cryptocurrency, silver, gold etc in the list of there trading commodities which is the benefit of competition and growth. In the recent past, that was not so, every platform was known for their different identity of what they are known for but now things have started changing and mixing up. For example, binance trade stock but does not trade forex outrightly at the moment. Though they have ways you can exchange fiat and I believe gradually they would include direct trading of fiat in their platform I believe.

Right?. I think so too, I guess that's why I'm looking forward to test out this new Bitget Tradfi beta soon.. if it checks out I'll just have focus there to trade FX, gold, stocks, crypto etc.. I love the competition, I also feel it'll allow traditional brokers to step up.

My opinion is neutral. But honestly why not since the market we're exposed to, the better.

If an exchange can provide seamless experience of trading equity and forex. I will have no problem. I personally have traded forex on chain by swapping over USDC and EURC many times I could consider it some form of foreign exchange trading.
The tradingview chart actually stay close to its supposed real value

USDC/EURC chart

So it will only bring value if it's cheaper in fee and have good amount of currencies.

Yeah, if the fee is cheaper spreads are better and security is super, then no issues at hand.. it'll be good to have more quality options.

[el kaka22]

Exchanges know their business better than you and myself. They are launching new trading pairs regularly to keep their customers around and to attract more traders as well and introducing the trading of real world assets is for exact same purpose. Moreover, yours or my opinion on this is definitely insignificant or will change over the time but exchanges might have studied about the potential of those markets and have decided to list them as well.

I may not test these new assets right away but I will keep an eye on them by following for regular updates by looking into reviews of reputed people from various platforms. I do rarely risk with any new exchange or market and I am sure to be sticking with my basics here as well.

[AVE5]

Stock assets have been listed in many exchanges and this is not new anymore,  i have just one advice to give out to you ops.

Always apply same risk ratio that you use in your cryptocurrency trading.

Also avoid using high leverage,  since some stocks are listed on futures market.

Your points of advices are very much necessary because, many crypto traders may think since crypto trading is so much difficult that trading on the traditional stocks will be better and more profitable without knowing that they're of both risks of keeping volatilities of market movements on tracks.
Most beginner crypto trading enthusiasts had also been misinformed to different the crypto trading and forex trading and since they had less knowledge of crypto and had mostly in the outside world been hearing about forex, they think crypto trading is the same as forex trading.
So I hope this advice help us a lot aslo as the exchanges may be enabling forex trading, let's not about of ignorant out of the compatibility of the platforms featuring traditional and crypto trading jump into trading we barely have proper knowledge about.

[Moreno233]

I started noticing that few years ago and honestly, I was skeptical about using them for currency trades since they were known for cryptocurrency. But after a while, I gave up that concerns after realizing that an exchange can easily offer brokerage services to enable people trade the currency and stock markets. But despite that, I still feel more comfortable trading forex in my MT5 which offer me the flexibility of navigating through different accounts.

[DPHOR]

If not mistakenly I have came across an exchange already started offering this service you made mentioned as it's no longer something new to the entire cryptocurrency space. Actually I am not good in FX, neither I mine thinking of venture into such trading, however, I can gradually build up myself with spot trading and I feels that I have enough knowledge and experience to further more then I wouldn't be that hesitant to do that.

[Nathrixxx]

Exchanges are centralized platforms and can go to any length to ensure that they are in profits, they can offer us any service as to the best of their own interests, not considering if we may appreciate that or not, as long as it's something that works more better for them to add as an additional service, we can't predict to what extent these platforms could go and what they may allow or not, but as for me, am yet to see any that combines the two together.

[Alphakilo]

It's all business dynamics and with the centralized space being so much efficient, we may see hybrids of businesses that does so with the intention to expand and profit more for their businesses by introducing such services.
Use the one that is reputable and has long track service records. If they upgrade to allow such features, please use the features you are familiar with unless you intend to explore and spend your money in the process.

[Josefjix]

Nothing much to say about those exchange that wants to integrate both crypto and forex market, I won't say less of it but the truth is that, it would be more successful and even more used by many traders too.

When ftx was active, there was a high usage by the customers including myself.

There i started getting the interest of buying stocks, forex products, indexes and many other assets on the exchange.

[lixer]

I started noticing that few years ago and honestly, I was skeptical about using them for currency trades since they were known for cryptocurrency. But after a while, I gave up that concerns after realizing that an exchange can easily offer brokerage services to enable people trade the currency and stock markets. But despite that, I still feel more comfortable trading forex in my MT5 which offer me the flexibility of navigating through different accounts.

If the exchange is known to be legit, then there is no need to doubt them about their service or if they add something new that we are not yet familiar with, although we may need to learn them first before using them, so that we can minimize the risk of losing even though we say that forex and stocks are more stable than in crypto. By the way, I already heard and saw that MT5 before and I find it complicated, lol. I know I'm new in forex or stocks but I think some are more beginner friendly than it, though like you said it only had some advantages. So it can still be great for an experienced forex/stocks trader.

[Phoenixtrader]

I started noticing that few years ago and honestly, I was skeptical about using them for currency trades since they were known for cryptocurrency. But after a while, I gave up that concerns after realizing that an exchange can easily offer brokerage services to enable people trade the currency and stock markets. But despite that, I still feel more comfortable trading forex in my MT5 which offer me the flexibility of navigating through different accounts.

If the exchange is known to be legit, then there is no need to doubt them about their service or if they add something new that we are not yet familiar with, although we may need to learn them first before using them, so that we can minimize the risk of losing even though we say that forex and stocks are more stable than in crypto. By the way, I already heard and saw that MT5 before and I find it complicated, lol. I know I'm new in forex or stocks but I think some are more beginner friendly than it, though like you said it only had some advantages. So it can still be great for an experienced forex/stocks trader.

True.. for a beginner mt5 can be complicated even brokers too.. the echange that made the recent announcement is Bitget, they transitioned to UEX the year and they're taking it a step further with tradfi, so far they' haven't had any security breach and and their familiarity is growing.. over 100m users already. What do you think about that?

Nothing much to say about those exchange that wants to integrate both crypto and forex market, I won't say less of it but the truth is that, it would be more successful and even more used by many traders too.

When ftx was active, there was a high usage by the customers including myself.

There i started getting the interest of buying stocks, forex products, indexes and many other assets on the exchange.

I thought so too. It'll be an interesting phase