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:
Metatrader 4 for ECN
USD, EUR, GBP, RUB and JPY
Currency pairs based cryptocurrencies (Bitcoin, Namecoin, Litecoin and Peercoins) and major currencies such as the EUR and USD.
5 decimal prices and interbank liquidity.
The best 250 Bid and Ask prices with available volumes. (You must download a plugin that provides Level 2 information in real time).
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.
Minimum transaction size
Maximum transaction size
It depends on the liquidity available in the market
Maximum number of open trades
1:1 – 1:3.
Margin levels less than 30%.
The losing trades are closed automatically when the margin level is less than 15%.
Trading based on news
Trading by phone
Opening of a Cripto Account