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FXOpen Offers 24/7 Islamic Accounts for Trading Bitcoin

I'm absolutely certain, fellow traders, that this title got you a little perplexed, but that's because of the plenty of positive news flowing in: indeed, New Zealand-based Forex broker FXOpen is seeking to suit the needs of all fans of virtual currencies, even those sticking to principles of the Shariah. Today the company announced the launch of a new product: trading accounts that not only enable you to trade with 11 currency pairs including Bitcoin and its alternatives, but offer trading 24/7 without any swap charges. This is how we meet the complex title of the product: 24/7 Islamic Crypto accounts.
 
The accounts enable traders to choose from the following currency pairs:
 
Click on photo to enlarge
 
You can see some very interesting participants in the list, such as Bitcoin vs Russian Ruble: well, well, well, now that's what we call a volatile pair. The broker has not forgotten fans of other virtual currencies like Namecoin either and there are pairs with this crypto phenomenon too. The broker offers trading with these instruments on the Metatrader 4 platform, with ultra tight spreads from 0 pips. Indeed, there are commissions: they are equal to 0.5% of the base currency (round turn) and you should always have them in mind when the execution is of the ECN type. 
 
The broker does not stop at this point and seeks to meet the demands of all traders who wish to test themselves at Bitcoin trading. That is why it offers swap-free, or Islamic, accounts, so that traders don't have to bother about charges imposed for keeping a position open over night. On top of this, the broker allows trading during weekends too. Wow! I haven't seen such a commitment to Islamic accounts since FXTM launched its over-the-weekend promo, which by the way is still active.
 
The launch of this new type of accounts reiterates FXOpen's warmth towards crypto currencies. Early in February this year the company started accepting payments in Bitcoin, Litecoin, and Namecoin.
 
 
 

About FXOpen

 
FXOpen is a global Forex broker, registered in New Zealand. Unlike so many brokerages founded on commercial incentives FXOpen grew from bottom up and started as an educational center. It launched brokerage services in 2005 and has ever since focused on traders' interests. FXOpen was also the first one to realize that what traders really needed were Micro accounts and that the Islamic audience required a special type of Shari’a compliant accounts. 
Working from the very beginning with the world’s most wide-spread and user-friendly trading platform MetaTrader (MT4) FXOpen had gained the deepest knowledge possible about the technology. In 2009, the first ever MT4 ECN trading platform, coupled with 0.1 minimum lot, super-fast execution and advanced Money Management technology (PAMM accounts), was introduced to the market, thus, completing the ECN technological revolution in the MT4 FOREX trading environment.
 
TAGS: fxopen  fxopen forex broker  fxopen new zealand  forex accounts  forex trading  bitcoin  crypto accounts  swap-free accounts  islamic accounts  virtual currencies  namecoin  litecoin  mt4  forex platform 

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