FXOpen Crypto accounts allow pairs trading with the following cryptocurrencies: Bitcoin, Litecoin, Namecoin, Emercoin and Peercoin. The basic principal of the Crypto accounts is the same as that of the ECN accounts – trading is carried out directly by participants who with their orders form the trading network.
The main difference in trading cryptocurrencies is that the system operates in decentralized peer-to-peer (P2P) network, i.e. the network is controlled not by one of the central financial and public authorities but by the network members who possess equal rights.
FXOpen Company provides its client with the best offers available thanks to the unique mechanism of price aggregation that has long been successfully used for FXOpen ECN accounts. ECN aggregator processes all the requests available at the time and your orders are executed at the most favorable conditions.
ECN technology allows scalping and hedging, as well as using Expert Advisors.
|Broker||FXOpen Markets Limited|
|Minimum deposit||USD 10|
|Account currency||USD, EUR, GBP, RUB, JPY, ETC, LTC, mBTC|
|Trading Instruments||Crypto pairs|
Learn more about the Crypto trading account on the company's official page.
Swap – a charge that is incurred by Customers who move their positions to the next trading session – is applied on Crypto accounts.
Swap size: 10% per annum of the value of an open position.
First, the amount of borrowed funds is calculated based on current prices, and then it is multiplied by the annual interest. Since swaps are calculated and charged every day at the end of the trading session, the calculated amount of the annual interest for the position is divided by 360. If the total amount needs to be converted to the deposit currency, the conversion is carried out at the average price at the moment of charging the swap: (Bid+Ask)/2. The same method of calculating the average price is used in the formula of the "current average price".
Your trading account currency is USD. You opened a Buy BTCUSD position, 2 lots at 8050.00 USD per 1 BTC.
SWAP is calculated as follows:
Overnight from Wednesday to Thursday a triple SWAP is charged (for Saturday and Sunday).