Cryptocurrency trading involves buying and selling digital assets such as Bitcoin, Ethereum, and other altcoins. Unlike traditional currencies, cryptocurrencies are decentralized, meaning they operate independently of central banks and governments.
This makes them appealing to many traders and investors who value the freedom and privacy that comes with using digital currencies.
At fxopen.com, you can access cryptocurrency trading services, where you can trade cryptocurrencies against other cryptocurrencies or traditional currencies such as the US dollar or euro.
The trading platform provides access to a range of trading instruments, including margin trading, where traders can borrow funds to increase their trading position.
To start trading cryptocurrencies, you’ll need to create an account with fxopen.com and deposit funds into your account.
You can then select the cryptocurrency you want to trade, choose the trading instrument and decide on the amount you want to invest.
It’s important to note that cryptocurrency markets can be volatile, so it’s important to manage your risk carefully and only invest what you can afford to lose.
What is FXOpen?
FXOpen is an online Forex & CFD broker, which is currently based in Nevis.
The broker was founded in 2005 and the company is a member of the Financial Commission.
FXOpen strives to provide STP (Straight Through Processing) trading environment on MT4 and MT5 platforms, and at the same time, they focus on services such as especially PAMM and Cryptocurrency.
FXOpen is the Online Forex Broker with one of the largest number of Cryptocurrency product offered.
Trading Cryptocurrency on FXOpen
On FXOpen’s Crypto account, you can trade the following Cryptocurrencies:
There are over 40 Cryptocurrency pairs available for trading on MT4 trading platform.
The maximum leverage is 1:3, and NBP (Negative Balance Protection) is supported.
Besides the ‘Margin Trading’ above, you can also set the Base Currency of your account to Bitcoin, Ethereum and Litecoin.
The accepted Deposit Cryptocurrencies are Bitcoin, Litecoin, Ethereum, USD Tether and EUR Tether.