Crypto
FXOpen’s novel offering lets you trade Bitcoin Litecoin Namecoin and Peercoin against USD EUR or RUB in a true ECN environment!
Bitcoin Litecoin Namecoin and Peercoin proved to have great potential for investment and speculation due to their high volatility and dramatic price moves.
Unlike other brokers who attempt cryptocurrency trading in the form of CFDs of binary options FXOpen lets you trade Bitcoin Namecoin Litecoin and Peercoin directly against the US Dollar Euro or Russian Ruble. We use BTC-e one of the top online cryptocurrency exchanges as our liquidity provider. Our order execution is based on the ECN Aggregator – FXOpen's proprietary technology with proven excellent performance over several years.
You can now trade cryptocurrencies and enjoy all the benefits of ECN execution and most importantly you are trading against other market participants not against the broker. There is no conflict of interest between you and the broker. The trading network is formed by buy and sell orders from all participants and the ECN Aggregator processes all buy and sell orders that are currently available on the market giving you the best prices and seamless execution.
You get the tight market spread and low trading commissions while the broker benefits as your traded volume and profits grow. All popular Forex trading styles including scalping hedging and all types of expert advisors are allowed. Available leverage is 1:1 - 1:3.
Contract specifications for Crypto accounts
| Crypto | |
|---|---|
| Account currency | USD EUR GBP RUB JPY *Bitcoin (mBTC) Litecoin (LTC) |
| Minimum deposit | from $10 (or equivalent in other currency) |
| Maximum balance | without limitations |
| Spread | floating |
| Commission | 0.25% half-turn |
| Quotes format | 0.12345 |
| Execution | market |
| Minimum transaction size | 0.01 lots |
| Maximum transaction size | without limitations |
| Minimal increment | 0.01 lots |
| Leverage | from 1:1 up to 1:3 |
| Margin call | 30% |
| Stop Out | 15% |
| Demo accounts | Yes |
| Islamic accounts | Yes SWAPs are not charged |
| Instruments | 13 pairs with BTC LTC NMC and PPC |
| Bonuses | USD 10 for opening the 1st Crypto trading account |
| Expert Advisors | Yes |
| Scalping | Yes |
| Hedging | Yes |
| News trading | Yes |
| Phone dealing | Yes |
| Market depth with level 2 quotes | Yes |
| Trading time | 24/7 |
| Inactive account maintenance fee | $10 per month |
| Inactive account re-activation fee | $50 |
- *All values for Bitcoin-based accounts in MetaTrader 4 (including account balance profit etc) are indicated in mBTC (milibitcoin). 1 mBTC equals 0.001 BTC.
- All values for Litecoin-based accounts in MetaTrader 4 are indicated using 1 LTC (Litecoin).
- **The round-turn commission is equal to 0.5% of the base currency. Right after you open a trade you will see the round turn commission charged.
Trading commissions are a subject to review in case of high trading volumes. - Commission may vary if you open an account through an affiliate IB or franchise. Please contact your referring agent for details.