FXOpen: The expert cryptocurrency trading platform
You get the chance to trade more than 40 cryptocurrency CFD markets, including some of the top traded cryptocurrencies in the world, with up to 1:2 leverage. Whether you’re setting up as a crypto trader at home in Hong Kong or you’re on the move, you can test your strategy and diversify your portfolio with FXOpen.
Important: Cryptocurrency trading via CFDs is only available to our professional clients. To find out more information about how this may affect you, please get in touch with our team.
The benefits of CFD trading with FXOpen
Trade cryptocurrency CFDs at FXOpen with up to 1:2 leverage.
One platform, multiple instruments and markets
You can build your portfolio any way you choose. As well as the crypto market, our dynamic trading platform also lets you trade forex, indices, commodities, and share CFDs in one place.
Your crypto investment is safe and secure
As a crypto broker, we're fully authorised and regulated by the UK’s Financial Conduct Authority (FCA), so any deposits you make are safe and secure.
Invest in cryptocurrencies straight off the charts
With our crypto trading platform, you can place three types of order: market, limit and stop. This is due to the multiple manual trading options we offer to all our crypto trader clients in Hong Kong and around the world.
Automatic cryptocurrency trading with ready-to-go scripts
Download and use ready-made scripts to carry out automated crypto futures trading. If you prefer, you can create your own scripts and ensure trades are made when you’re ready.
Insights and analysis to inform your next move
Make your next move with a little help from FXOpen. We want you to be confident in your cryptocurrency trading decisions, which is why we provide over 50 built-in indicators and graphic tools for the insights, analysis and news you need.
Your introduction to cryptocurrency trading
As Bitcoin and other cryptocurrencies have steadily grown in popularity, new opportunities have been made available for traders. Now, as with forex and using CFDs, investors can take their position on price movements in the crypto market – all without owning the underlying asset.
Like forex, there are numerous crypto pairs to trade using CFDs. Although, unlike government-issued fiat currencies, these digital currencies aren't considered to be legal tender, crypto is changing the global financial trading landscape. To be a part of this new era for trading, you can invest with leverage now.
How to trade cryptocurrency using CFDs
Using CFDs, you can take the first steps into the crypto market with just a small portion of the capital required. With FXOpen, you’ll gain full exposure to a market that's both volatile and interesting.
Cryptocurrency trading – as with forex – is done in pairs. With a CFD, you agree to exchange the difference in the price of a cryptocurrency between the opening and closing positions.
Taking a long position allows traders to make a profit if the value of the cryptocurrency goes up. Those who take a short position will see profits if the cryptocurrency value goes down. Wherever you stand, our platform gives you the freedom to control your actions or automated orders.
Here's an example of how cryptocurrency trading works as a CFD:
Be a crypto trader with FXOpen: What you need to know
Another point to note is that the crypto market is volatile – often extremely so. Trading with leverage in a volatile market means that you may experience rapid losses. Therefore, to protect your portfolio, never risk more than you can afford to lose.
Before you begin, make sure you fully understand how both the crypto market and CFDs work – and how they operate together. You can check out the FXOpen Knowledge Base for more support and insight.
The crypto trading platform for expert traders
Our unique price aggregation makes us one of the best cryptocurrency trading platforms for expert traders. Our Electronic Communication Network (ECN) accounts deliver the most cost-effective form of trading. Plus, you benefit from the most favourable market conditions.
Features of our cryptocurrency trading platform include:
- Floating spreads
- 1:2 leverage
- 30% margin call
- 24/7 trading time
- 0.01 lot minimum transaction size (no maximum)
When you choose FXOpen, your portfolio won't be restricted to just one asset. Open an account with us and diversify your trading activities in a way that works for you. As well as being a crypto broker, we also offer trading opportunities in forex, stocks and shares, global indices, and commodities.
FXOpen puts you in control of your cryptocurrency trading. Get started today.
How safe is cryptocurrency trading?
As with other markets, cryptocurrencies are never risk-free. There is equal potential to make a profit or a loss. But this shouldn't put you off trading crypto. As long as you know the risks and you have a plan, you're well placed to make crypto trading work for you.
It is worth knowing the risks that are unique to the crypto market before you invest, however:
- Digital: Cryptocurrencies exist purely in the form of digital codes. While it may feel like Bitcoin is a tangible asset to possess, this is not the case. The foundation of these currencies is in a database called blockchain. Encryption offers a significant amount of security, but, as with anything related to digital platforms, there is a risk of hacking and security breaches.
- Regulation: The unprecedented success of cryptocurrencies has been so rapid that regulation has failed to keep pace. As many countries don't regulate their use or consider them to be legal tender, it makes it difficult to know how to proceed should issues arise. The FCA, which FXOpen UK is regulated by, states that crypto products are only suitable for professional clients – not retail clients.
- Volatility: The crypto market is a particularly volatile market for traders to invest in. The change in price from one moment to the next can be sudden and dramatic. Your profits can be magnified but so, too, can your losses.
Are there different types of cryptocurrencies?
Yes, there are different types of cryptocurrencies. While Bitcoin is among the top traded cryptocurrencies in the world, there are more to be aware of.
There are differences between each cryptocurrency. Bitcoin and Litecoin provide a digital alternative to fiat – or payment – currencies, while other types, like Ethereum, are 'altcoins'. Rather than being used to pay for things, altcoins are a platform on which you can create blockchain apps or new tokens. Other cryptocurrency types can help users exchange crypto assets or manage personal data.
With FXOpen, you can trade more than 40 cryptocurrency CFDs. Bitcoin and other options such as Litecoin or Ethereum are perhaps the best known. But our crypto trading platform also offers pairs including EOS, Ripple (XRP) and Dash.
Open a crypto trader account
Why start trading on the crypto market?
The volatility is a huge draw for traders. Price changes can be sudden and unexpected. These rapid ups and downs can offer big gains on an initial investment. It does, however, mean that the lows mirror these highs, increasing the risk involved.
Liquidity is another huge draw for traders. Our crypto trading platform takes its prices from numerous exchanges. As such, we provide an overview of the crypto exchange market share and can offer competitive spreads and quick execution. For traders looking for rapid gains, that can make all the difference.
An FXOpen cryptocurrency trading account gives you access to the markets all day, every day. With the MT4 platform, you can do that on any device and from any location too. So, whether you’re embarking on crypto trading from your home in Hong Kong or you’re on the go, you can always access your account.
Trading the crypto market: What to watch out for
The factors that can influence the crypto market include:
- Supply and demand: Cryptocurrency prices can rise sharply if demand outstrips supply. If there is a surplus supply, the price will fall.
- Regulatory decisions: Countries are still ironing out how to regulate crypto. Some are banning it outright, which is something to be aware of.
- Fiat currency markets: Fiat currencies can drive the price of crypto up or down.
- Press and media: News reports can heavily influence confidence in crypto, whether it's positive or negative.
- Technology and infrastructure: As crypto integrates with more payment systems, its value will increase.
Make crypto trading work for you
The most successful crypto traders understand how crypto works and what they're trading. Having a strategy that sets out what you want to achieve and the best way to achieve it means you're best placed to make a profit.
After opening your cryptocurrency trading account with FXOpen, you can begin as a crypto trader. There is a range of tools and analysis at your fingertips, so you have the best information to hand before deciding on the trades you want to make. You might want to capitalise on a booming cryptocurrency. Or you could be simply looking for a quick return. With us, you'll find what you’re looking for.
Other factors that can help you succeed in the crypto market include how you time your trades and how you keep track of your open positions.
How much does it cost to trade crypto?
When you use our cryptocurrency trading app, there's a small commission to pay as you open and close positions. FXOpen's commissions are 0.5% half-turn, with a minimum 0.01 lot transaction size. For more details, consult our Knowledge Base.
A swap charge is applied on crypto trading accounts for clients who move their positions to the next trading session. This is 10% per annum of the value of the open position.
A Swap charge is applied on crypto trading accounts for clients who move their positions to the next trading session. This is 10% per annum of the value of the open position.
We’re here if you need further support. Contact us if you have any queries. Our live chat service is open from 1pm to 1am Hong Kong time, five days a week too.
*Important: Cryptocurrency trading via CFDs is only available to our professional clients. To find out more information about how this may affect you, please get in touch with our team.