FXOpen is now among the few forex brokers to have been allowing encrypted digital currency deposits, including the major ones like Bitcoins, Litecoins and Namecoins
ForexMinute.com – Amidst the tense scenarios in the digital currency arena, renowned forex broker and B2B liquidity provider FXOpen has come up with new Cryptocurrency accounts that will allow users to deposit their sums in Bitcoins, Litecoins, Namecoins and Peercoins.
It is indeed a major step by this technologically brilliant organization that might trigger Cryptocurrency trading to new higher levels, especially when the collapse of Japanese Bitcoin exchange Mt. Gox has dented the digital currency trading already.
FXOpen, on the other hand, is hoping to integrate its existing persona of a reliable forex broker with innovative technologies like digital currency, to eventually deliver customers a better platform to trade currency pairs with Bitcoin, Litecoin, Namecoin and Peercoin.
The company have further employed its unique mechanism of price aggregation to provide its customers with the best available offers. This mechanism has been proved effective earlier in FXOpen’s ECN Accounts, but will also compliment the crypto accounts as well. “ECN aggregator processes all the requests available at the time and your orders are executed at the most favorable conditions,” an excerpt from their website further ensures.
FXOpen has also impressed crypto accounts users by charging only the slightest commission upon withdrawal, which is around 0.25% of the base currency. Meanwhile depositing funds is made commission free. To ensure a smooth trading experience for customers, FXOpen’s crypto accounts have also included other benefits – the leverages between 1:1 and 1:3, minimum deposit of $10, and minimum transaction size of 0.01 lot are few among them.
The question however is that are investors actually looking for an alternative for effectively trading in cryptocurrencies. The current market sentiment about Bitcoins have deeply affected the growth of other virtual currencies also, with Litecoins facing the major blunt. FXOpen might be able to utilize this current status, but all digital currencies need today is investor’s faith.
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