FXOpen adds “Ethereum”, another Crypto-Currency, to the list of tradable instruments

We are glad to inform that FXOpen is now offering another Crypto-Currency, “Ethereum” to the list of available Crypto-Currencies.

The symbol will be described as “ETH”, two pairs will be available which are ETH/USD and ETH/BTC(BitCoin).

This Ethereum crypto-currency will be available from May 3, in 2016.

Now you can trade 7 different Crypto-Currencies with FXOpen, which are:

BitCoin, LiteCoin, NameCoin, PeerCoin, Dashcoin, Emercoin and Ethereum.

You can also set the “Ethereum” to be the base currency of your Crypto-account. As Crypto Account is available in Bitcoin (mBTC), Litecoin (LTC), Ethereum (ETH), and Dash.

ethereum.org cryptocurrency official website

So What is “Ethereum”

“Ethereum” is a decentralized platform that runs smart contracts, which is crowdfunded during August 2014 by fans all around the world.

These apps run on a custom built blockchain, and this enables developers to create markets, move funds in accordance with instructions given and many other things without a middle man or counterparty risk.

Think of it as another virtual currency, protected by the stable platform.

FXOpen is one of a few brokers in the world where you can trade Crypto-Currencies, and also set these Crypto-Currencies as the base currency of your account.

The below is the main conditions of the FXOpen’s Crypto Account.

Account base currency	USD, EUR, GBP, RUB, JPY, *Bitcoin (mBTC), Litecoin (LTC), Ethereum (ETH), and Dash
Minimum deposit	from $10 (or equivalent in other currency)
Maximum balance	Not limited
Spread Type	Variable
Trading Commission	0.25% half-turn
Execution	Market Execution (with No-Dealing-Desk)
Minimum transaction size	0.01 lot
Maximum transaction size	Not limited
Available Symbols	24 pairs with BTC, LTC, ETH, DSH, EMC, NMC and PPC
Maximum Leverage	1:3
Margin call	30%
Stop Out	15%