-
Which platform is good for cryptocurrency trading?
One of the keys to success in crypto trading is a good platform. With FBS broker, you can choose a trading platform for crypto: the MT5 platform or the FBS's own platform, the FBS Trader app.
Of course, what you choose for cryptocurrency trading depends on your needs. Both platforms have a wide variety of crypto instruments to offer: 100+ crypto coins and pairs. However, FBS Trader is more user-friendly and, therefore, is better for beginners who have only started to explore cryptocurrencies.
The MT5 platform may be more common for some traders who want to trade cryptocurrencies. MetaTrader 5 is more advanced and has more enhanced chart settings.
So choose the platform you like and try trading cryptocurrencies with FBS!
-
How does spread work in crypto?
The spread is the difference between the bid price and the ask price. A bid is a buy order, where you sell the base currency, and an ask is a sell order, where you buy the base currency. Base currency is the first currency in the pair.
The spread is one of the key costs in trading, including cryptocurrency trading. FBS broker offers competitive crypto spreads and fast order execution for convenient crypto trading. So if you are looking for a cryptocurrency broker, consider trying FBS.
-
What are the crypto pairs?
In general, trading crypto pairs is trading coins one for another. Just like with Forex, there is a “base currency” and a “quote currency”. However, at FBS, there are various kinds of crypto pairs. For example, it is possible to trade crypto coins for fiat currencies, like USD, EUR, AUD, or even metals, gold, and silver.
With FBS, crypto becomes a great asset to trade because you can trade it 24/7 and have a great choice of coins and pairs.
-
What are the benefits of trading cryptocurrencies with FBS broker?
FBS broker offers many opportunities for crypto trading. Firstly, the broker offers more than 100 crypto assets to any taste. Secondly, with FBS, you can trade cryptocurrencies with 1:5 leverage. It means you can enter bigger trades with the same deposit. Thirdly, FBS can offer a choice of trading platforms to trade crypto. For example, you can trade on the MetaTrader 5 platform, or opt for the FBS Trader app, a platform of FBS.
At FBS, cryptocurrency is an advantageous asset to trade because there are great conditions for traders.
Cryptocurrency
Choose a type of trading account
Search for the best trading instrument. The table shows all instruments available to trade with FBS broker
Minimal Spread
Typical Spread
Swap Long
Swap Short
Stop level
Account type: Crypto, Group: Coins
- Minimal Spread
- Typical Spread
- Swap Long
- Swap Short
- Stop level
The value is given for 4-digit quotes. In 5-digit quotes the fourth digit after a comma is indicated (0.0001). In 3-digit quotes - the second digit after a comma (0.01). For example, in EURUSD quote - 1.36125; in USDJPY quote - 101.852
On Islamic accounts (Swap Free), there is a weekly commission for long-term positions of Forex Exotic.
CNHJPY: buy -102.06, sell -24.78;
EURCNH: buy -63.07, sell -11.69;
EURTRY: buy -301.00, sell 0;
USDBRL: buy -412.93, sell -22.05;
USDCNH: buy -66.78, sell -12.67;
USDMXN: buy -121.24, sell 0;
USDSGD: buy -70.21, sell -63.56;
USDTRY: buy -267.12, sell 0;
USDZAR: buy -114.52, sell 0.
Notice that in MT5 a commission is charged when you open a deal. In the Trade window for your open position the profit doesn’t include the commissions.
