The existence of cryptocurrencies is increasingly attracting the attention of forex brokers to add variety to their services. As a broker that constantly innovates and responds to market demands, Fibo broker announced that starting July 30, 2018, traders will have the opportunity to trade two new types of crypto CFDs, Ripple (XRP) and Bitcoin Cash (BCH).
Adding these two new currencies further reinforces the impression that Fibo is a friendly broker using Bitcoin and Altcoins. They also offer deposit facilities via Bitpay and have provided seven cryptocurrency CFDs since August 2017.
Try Crypto CFDs on the MT4 Platform
To try out the cryptocurrency CFD feature, broker Fibo provides a demo account on the NDD No Commission MT4 platform. To ensure the convenience of traders, the trading conditions on the demo account have been created in such a way as to match the conditions on the live account. With this demo account, traders are expected to be able to recognize the high volatility in cryptocurrencies and find the right trading style before using their capital.
For novice forex traders or those who want to try the robot with a live account, Fibo broker recommends starting with an MT4 Cent account. This account, with an initial deposit of 0 US Dollars, offers attractive leverage with a ratio of 1:100. If a trader makes an initial deposit of 10 US Dollars, it will be calculated as 1000 US Cents. MT4 cent accounts provide minimal spreads, no re-quotes, automatic withdrawals, and no commissions.
With the presence of 2 new cryptocurrencies on their MT4 platform, the Fibo broker now offers crypto CFD trading options in 9 currencies, namely: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ethereum Classic (ETC), Zcash (ZEC), DASH (DASH), Monero (XMR), Ripple (XRP) and Bitcoin Cash (BCH).
Fibo Group is established in 1998 and has offices in various countries, including Moscow (Russia), Vienna (Austria), Limassol (Cyprus), and Singapore. This DD/NDD broker provides a wide ion of accounts to suit the capabilities of both beginners and experienced traders.
FIBO is an STP/ECN broker that has existed since 1998. Clients can enjoy cent accounts, leverage up to 1:1000, and floating spreads at this broker. There are also BTC and ETH account currencies available for crypto users.