FXOpen extends its multi-currency accounts offering by launching trading accounts denominated in Bitcoin (MBT), Litecoin (LTC) and Gold (GLD). Bitcoin and Litecoin are available as account currency when opening Crypto accounts, and Gold is available for ECN and STP accounts.
These accounts have exactly the same benefits and trading conditions as ECN, STP or Crypto accounts denominated in USD or any other currency. The only difference is that Bitcoin, Litecoin and Gold will be used as the “base asset” to display balance, profit and other parameters of your trading account in MetaTrader 4 (MT4).
For your convenience, we have used smaller, “fractional” values, comparable to 1 USD or 1 EURO, as units of the base asset for these accounts:
- 1 GLD – 0.001 troy ounce (equal to approx. 0.03 grams of gold) for Gold-based accounts;
- 1 MBT – (1 milli-bitcoin) or 0.001 BTC – for Bitcoin accounts;
- 1 LTC – for Litecoin accounts.
FXOpen is the first Forex broker to offer clients MT4 accounts denominated in Bitcoin and Litecoin. Coupled with direct BTC and LTC deposits, these accounts make up the industry’s unique offering, allowing clients to deposit, trade and withdraw profit with no conversion costs and minimal commission (only 0.001 BTC for withdrawals).
Gold, unlike currencies, is not affected by inflation and is more resistant to price fluctuations. This is one of the reasons why gold has shown a strong “bullish” trend over many years. By storing your funds in a Gold-based trading account, you are more likely to secure your funds against economic and political instability, as demand for gold is known to rise in a crisis economy.
Open a BTC or LTC-based MT4 trading account via MyFXOpen > Add new account > Crypto and select MBT or LTC as ‘account currency’.