17 February 2014 05:48 PM
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.
1 All values for Bitcoin-based accounts in MetaTrader 4 (including account balance, profit, etc) are indicated in mBTC (milibitcoin) which equals 0.001 BTC.
2 All values for Litecoin-based accounts in MetaTrader 4 are indicated using 1 LTC (Litecoin).
3 The minimum commission per transaction is 0.01 units of the MT4 account currency.
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.
Overnight from Wednesday to Thursday a triple SWAP is charged (for Saturday and Sunday).