FXOpen hikes SWAP on cryptocurrencies due to volatility

FXOpen hikes SWAP on cryptocurrencies due to volatility

FXOpen

FXOpen, an ASIC and FCA-regulated forex and CFD broker announced it is hiking the SWAP for crypto instruments on Meta Trader 4 accounts from 10% up to 18% per annum.

The reason, is the increased volatility on the cryptocurrency market in the recent weeks.

FXOpen is one of the forex brokers that offers a rather extensive list of tradable cryptocurrencies. Besides the usual Bitcoin and Ether, which are offered by many other forex brokers as well, FXOpen is offering LiteCoin, Dash, NameCoin, Emercoin and PeerCoin. They can be traded against the Euro, the Dollar, the Japanese Yen, Chinese Yuan and against each other.

Since April the price of the first and most popular cryptocurrency, the Bitcoin, has risen significantly and has reached historical peaks since its launch in 2008, surpassing the $1700 mark and bringing its market value to over $28.8 billion.

btc price

Other major cryptocurrencies like Ether and Dash have also experienced a price surge, but it was not sustained.

FXOpen offers forex and CFD trading, via ECN and STP accounts with different level of experience and investment. The broker requires a minimum deposit of $1 and offers a leverage of up to 1:500 on some accounts. FxOpen also offers Crypto accounts with trading on 24 pairs with BTC, LTC, ETH, DSH, EMC, NMC and PPC and a leverage of 1:3.

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