FXOpen UK, the FCA-regulated, London-based division of popular retail brokerage FXOpen, announced yesterday that all clients will be allowed to trade a select number cryptocurrencies as CFDs with a maximum leverage of 1:3:
"Cryptocurrencies can experience very high volatility and trade 7 days a week. Leverage is limited to 1:3 for all clients."While clients of FXOpen.com, the Nevis-registered and regulated division of FXOpen, have had the ability to deposit, withdraw and trade the major cryptocurrencies since 2014, clients registered with FXOpen UK were previously unable to trade digital currencies like Bitcoin & Litecoin.
According to FXOpen UK, clients can now trade six cryptos (Bitcoin, Litecoin, Emercoin, Namecoin, Peercoin and DASH) against each other and other national currencies like the USD, EUR, CNY and GBP.
The initial rollout includes a total of 24 different trading pairs. Russian ruble crypto-pairs are also available!
And unlike traditional FX pairs, clients at FXOpen UK will be able to trader on these pairs 24/7.
