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July 27, 2016

FXOpen adds "BitCoin" as base currency of ECN account

The first “BitCoin” based Forex trading account is opened by FXOpen.

Do you have BitCoin? and looking to invest the Crypto-Currency to Forex?

Then FXOpen offers the best choice for you.

With FXOpen, you can now open a “ECN Trading Account” with the “BitCoin” as its base currency. No conversion fees or extra commissions anymore.

Deposit with BitCoin and withdraw with BitCoin, is now possible.

How to open a “BitCoin based ECN trading account”

To open the ECN trading account with the base currency as BitCoin, please login to FXOpen’s client portal first.

Then go to “Add Account” and select “ECN” from the drop-down menu.

fxopen client portal add account ecn crypto currency

You just need to follow the process as indicated and select the base currency as “mBTC”.

*mBTC is millibitcoins, and it equals to 0.001 BTC.

The trading account will be available from 27th of July in 2016.

You can open the ECN trading account with 10 different currencies including:

USD, AUD, CHF, EUR, GBP, JPY, RUB, SGD, Gold and mBTC

The main conditions of the ECN account is as follows:

Trading Platform
Tradable Instruments
Business Model
Execution Type
Minimum Deposit $100
Leverage 500:1
Spread Type Variable
Minimum Spread Trade from 0.0 pips
Negative Balance Protection N/A
Trading Commission From $1.5 per Standard lot
Minimum transaction size 0.01 lots
Maximum transaction size Unlimited
Decimal Pricing 5 digits
Margin Call % 100%
Stop Out % 50%

Please find the full trading conditions of the “ECN account” from here.

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