Had Increased, Margin Trading on FXOpen is Now Back to Normal
Volatile market conditions meant that FXOpen had to adjust its trading conditions last April. Currently, trading margin has returned to normal values.
On March 17 2020, FXOpen increased margin requirements by 5 times normal for currency pairs, indices, metals and commodities. This is due to high volatility in financial markets in connection with the Fed's emergency meeting which decided to cut interest rates to 0-0.25% to support the economy.
Good news arrived on May 4, 2020, as FXOpen has returned margin requirements for currency pairs to normal values. That way, traders can make transactions with standard margins, according to the trading conditions information available on the official page. Cryptocurrencies are not affected by this change.
FXOpen Announces the Interesting Potential of Bitcoin Trading
The massive spread of the Covid-19 virus throughout the world, caused the collapse of Asian and European indices, the US Future Index, and Bitcoin. However, in the near future, FXOpen predicts that Bitcoin has the potential to attract investor interest as an alternative asset. Apart from that, the news about Halfing also helped pump up Bitcoin's movement.
With these developments, there is a possibility that currencies in emerging markets will decline, as well as a rapid increase in volatility in the forex market. FXOpen reminds its traders to consider this situation when planning future trading activities .
For your information, FXOpen offers 4 types of accounts to suit the needs of various types of traders. As proof that FXOpen supports Bitcoin trading activities, Crypto accounts are available with capital starting from 10 USD and transaction sizes starting from 0.01 lots. For more information, visit the FXOpen page here.