FXOpen AU Introduces Crypto Trading Account

FXOpen AU recently introduced a cryptocurrency account that enables users to trade digital currencies as CFDs directly from their FXOpen accounts. The account supports up to 15 different cryptocurrencies, including BTC, ETH, XMR, NEO, and EOS, and so on. The creation of this account is a result of the pressure applied by FXOpen AU’s users as well as the developments in the forex sector.

The creation of the cryptocurrency account is a straightforward process. Users are required to log into their existing eWallet and then click on the ‘add account’ button. After choosing the ‘Crypto’ option, an account opening form pops up. Once the form is duly completed, users can log into their new account. The minimum acceptable deposit is AUD$10 or its equivalent in other denominations.

However, FXOpen cautioned its customers on the risks of trading in digital assets. Specifically, it outlined the high volatility and constant fluctuation of their prices as the most significant risks of this form of investment. In addition, the company also stated that crypto trading will be available throughout.

FXOpen AU is an established brokerage company. Brokerage firms leverage exchanges to aggregate liquidity and reduce the risks in their clients’ investments. FXOPEN is licensed and regulated by ASIC.

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