FXOpen accounts to trade with cryptocurrencies as Bitcoin
The ECN Forex broker FXOpen has created a new type of trading account known as Cripto Account, which specializes in transactions with cryptocurrencies as Bitcoin and Litecoin which in recent years have increasingly become a sensation in the world of financial markets, especially in the case of Bitcoins.
In this case, the trader can speculate Bitcoins, Namecoins, Litecoins and Peercoins against major currencies like the U.S. dollar, euro, ruble and yuan. The trader also has the ability to speculate on the value of a cryptocurreny against another, such as the case of bitcoins against litecoins for example.
Currency pairs that FXOpen offers to trade with cryptocurrencies are:
BTC/CNH
BTC/EUR
BTC/RUB
BTC/USD
LTC/BTC
LTC/CNH
LTC/EUR
LTC/RUB
LTC/USD
NMC/BTC
NMC/USD
PPC/BTC
PPC/USD
The general characteristics of the Cripto accounts are:
General features
Trading platform
Metatrader 4 for ECN
Account currencies
USD, EUR, GBP, RUB and JPY
Trading instruments
Currency pairs based cryptocurrencies (Bitcoin, Namecoin, Litecoin and Peercoins) and major currencies such as the EUR and USD.
Price format
5 decimal prices and interbank liquidity.
Market Depth
The best 250 Bid and Ask prices with available volumes. (You must download a plugin that provides Level 2 information in real time).
Spreads
Floating spreads depending on buy and sell orders in the market.
Bonus for clients
For the moment no FXOpen is not offering bonuses for Cripto accounts.
Maximum balance
No limit.
Minimum transaction size
0.01 lot
Maximum transaction size
It depends on the liquidity available in the market
Maximum number of open trades
No limit.
Leverage
1:1 – 1:3.
Margin Call
Margin levels less than 30%.
Stop Out
The losing trades are closed automatically when the margin level is less than 15%.
Expert Advisors
Yes
Scalping
Yes
Hedging
Yes
Trading based on news
Yes
Trading by phone
Yes
Demo accounts
Yes
Trading Hours
24/7
The Cripto accounts of FXOpen provide an excellent opportunity for every trader and investor interested in making money by speculating on the most important cryptocurrencies today. These accounts can be useful especially for investors who have knowledge of the characteristics of these instruments.
Opening of a Cripto Account
If you are interested in more information about Cripto account of FXOpen and/or open an account of this type, either demo or real, you can enter the website of the company through the following link:
