Offshore forex broker Fibo Group has jumped on the cryptocurrency bandwagon by announcing the launch of trading in CFDs on BTC, ETH, LTC, ETC, ZEC, DASH, XMR.
The new instruments will be available from July 24, on the MT4 NDD No Commission accounts. The typical spreads vary from 50 pips on the Ethereum Classic to 2500 on Bitcoin. The maximum volume per transaction for all CFDs, except the ones on Bitcoin, is 1000 coins, where 1 lot is 1 coin. The max transaction volume for Bitcoin CFDs is 100 coins, again 1 lot=1 coin.
Fibo Group will also offer demo trading in those instruments, available on the MT4 NDD No Commission demo account, with identical trading conditions.
The broker will also add information about the rates of the following cryptocurrencies: XEM, BTS, EOS, WAVES, STEEM, GNT, GNO, SC, BCN, DOGE, REP, LSK, XLM, GBYTE, FCT, MAID, USDT, GAME, DCR, ARDR, SNT, KMD, DGD, PIVX, DGB, NXT.
Fibo Gorup is an offshore forex broker with licenses from the offshore Financial Services Commission (FSC BVI) and CySEC, as FIBO Group Holdings Ltd. The Cypriot branch of the broker offers trading in 42 currency pairs, as well as CFDs and spot metals, and a leverage of up to 1:400.
The broker is the latest among many – big and small – who have started offering cryptocurrency-related instruments. The latest are Swissquote, Alpari and LiteForex, while eToro expanded its Crypto CopyFunds offering.