First Global Credit is a bitcoin exchange that also offers global stock, ETF, and futures trading. Find out how First Global Credit works today in our review.
Founded in 2014, First Global Credit claims to be “the world’s first finance company that brings the profit opportunities available in midstream markets within the reach of those holding digital currency.”
The company was founded by risk management specialist Gavin Smith and financial data security company director Marcie Terman. Together, they lead a team with over 35 years of collective experience building and managing trading and back office systems for trading companies operating in London and Geneva.
AI Coin’s ICO took place in July. The unique thing about AI Coin is that the value of the coins “will ultimately lie in the founders [sic] ability to execute a single strategy that brings a new service to market.”
The coin’s launch was based on two core features: cryptocurrency trading and public blockchain and AI startup investments. Basically, AI Coin plans to generate profits through cryptocurrency trading, and then invest 50% of trading profits into an investment pool that will allocate funds based on a vote. The coins are tradeable on various exchanges, including the First Global Credit platform.
First Global Credit allows users to trade stocks and ETFs using bitcoin as collateral margin. You can trade stocks from four countries, including the United States, the UK, Germany, and the Hong Kong exchange. Hundreds of stocks and ETFs are available. By leveraging bitcoin, you can buy or sell up to 5 times the value of your bitcoin account balance in stocks and ETFs.
A full list of available stocks is published publicly online. Trades typically come with a 0.1% fee, although the specific fees vary between each national exchange.
First Global Credit’s Currency Switch Service lets you trade bitcoins against fiat currency, just like you can with most exchanges. Using First Global Credit’s online platform, you can purchase or sell up to 2 times the number of bitcoins that you hold in your master account against USD, EUR, CHF, and GBP.
You can also trade bitcoins to fiats with the same bitcoins that are backing your stock positions. Most fiat trades involve a 0.1% taker fee and a 0.2% maker fee.
First Global Credit currently offers buying and shorting both commodity and stock index futures. A limited number of futures positions are available right now, although the company plans to add to this over time based on consumer demand.
First Global Credit automatically pays interest on bitcoin accounts over 10 BTC. Interest is paid on the entire account regardless of whether or not the bitcoins are being used to finance a stock market, futures, or currency trade.
You can view a full list of available securities online. They include stocks of well-known companies and some of the exchange’s highest-volume corporations.
In addition to futures trading, First Global Credit lets you trade futures contracts. First Global Credit currently has a limit of $25,000 exposure to any one futures contract.
Available futures contracts include stock indices (Mini S&P and Mini NASDAQ); Metals (Gold, e-Micro Gold, and Comex Silver); Energy (Crude Oil and E-Mini Crude Oil); Grains (YC – Mini Corn); Interest Rates (10 Year T-Note and 30 Year US Treasury Bonds); Softs (Cocoa); and Currencies (Micro GBP/USD and Micro EUR/USD).
First Global Credit is led by Gavin Smith, CEO, who has worked in Europe’s finance industry for 20 years. Other key members of the team include Marcie D. Terman, Communications Director, and Jon Matonis (Board Member and Advisor).
First Global Credit is an investment and trading platform that offers futures, stocks, and ETF trading. It’s a unique platform with 3+ years of experience building its reputation.
With First Global Credit, investors can participate in markets around the world through one seamless interface. Markets are available in Hong Kong, Germany, the UK, the United States, and Germany.