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Roles of Partner Brokers in Trading with Bitcoin SuperSplit

Roles of Partner Brokers in Trading with Bitcoin SuperSplit

Bitcoin SuperSplit has expanded reach to over 130 countries globally and is in partnership with over 50 brokers. In auto trading, the roles of a broker, including receiving orders from the bot and placing them in the markets.

Consequently, it is the broker that handles all transactions given that they are the one that does the buying and selling as instructed by the robot. All deposits on Bitcoin SuperSplit happen through the partner broker.

Top-tier regulators monitor these brokers, and hence users have an assurance that their funds are safe. Well-regulated brokers usually observe safety measures such as deposit segregation and belonging to a deposit protection scheme. Deposit segregation involves the broker separating clients’ funds from their operating budget.

The aim is to ensure that they cannot use clients’ funds for unintended purposes. A deposit protection scheme is a form of insurance that guarantees clients a refund in the event of the broker going bankrupt.

Another role of the broker is to offer leverage to users. Leverage is a form of debt provided relative to the invested capital. Bitcoin SuperSplit brokers offer leverage of up to 5000:1. Consequently, traders can take positions worth up to $5000 for every $1 of invested capital.

High leverage magnifies both profits and losses, and hence it is vital to take extra precaution when trading with it.

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