FxPro Adds Crypto CFDs to cTrader Accounts

The online forex brokerage firm, FxPro has introduced cryptocurrency trading to its cTrader accounts, the company announced today (Friday). The new addition allows traders to log in to their cTrader accounts and open new accounts under their profile.

BTC and ETH Supported

According to FxPro, Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are some of the tokens currently supported on cTrader. The digital assets form part of a range of 28 cryptocurrency contracts for differences (CFDs) now available for trading 24 hours a day 7 days a week. Furthermore, FxPro said that it has reduced the spreads for the added crypto assets.

FxPro introduced weekend trading of cryptocurrency on its FxPro Edge CFD, FxPro MT4, and FxPro MT5 accounts. The service enables the broker’s clients to manage their crypto positions, even on weekends during which volatility can at times be high.

The launch of the weekend service came amid a rise in the adoption of digital assets. FXPro explained at the time that the launch was its response to the rise in demand for crypto trading among its clients. However, since then, the brokerage has introduced CFDs on more than 2,000 globally traded stocks.

Retail and Institutional Clients

FxPro was founded in 2006 to offer trading services to retail and institutional clients. Since then, the brokerage has expanded into more than 170 countries globally, according to the information on its website. FxPro offers CFDs on six asset classes: forex, shares, spot indices, futures, spot metals, and spot energy.

The brokerage enjoys approval from regulators across several jurisdictions including the UK where its subsidiary, FxPro UK Limited, is regulated by the Financial Conduct Authority (FCA). Furthermore, FxPro Financial Services Limited has been under the oversight of the Cyprus Securities and Exchange Commission (CySEC) since 2007, and under South Africa's Financial Sector Conduct Authority (FSCA) since 2015.

Moreover, FxPro has been keen on expanding its operations globally. The broker, which boasts a presence in London, Monaco and the Bahamas, launched a new office in the United Arab Emirates last year.