cryptocurrency
Cryptocurrencies are the most recent asset to show itself strongly in the market. Bitcoin was the main cryptocurrency that created a lot of millionaires after jumping from 1000$ to just below 20000$ in a matter of months, leading it to become a trading heaven for many investors.
For this we at AX Financials have enrolled the most tradable cryptocurrencies in our system (Bitcoin, Ethereum, Ripple, ….), to allow our clients to trade them anytime and anywhere.
COMPETITIVE SPREADS
| Product | Symbol | Exchange | Product margin | Minimum spread (pips) | Average spread (pips) | Typical spread (pips) | Trading hours |
|---|---|---|---|---|---|---|---|
| Bitcoin | BTCUSD | N/A | 50% | 40 | 1.522897 | 1.5 | 00:01 Monday - 23:58 Friday |
| Bitcoin Cash | BCHUSD | N/A | From 20% | 12 | 1.00252 | 1 | 00:01 Monday - 23:58 Friday |
| Dash | DSHUSD | N/A | From 20% | 6 | 2.72588 | 2.708 | 00:01 Monday - 23:58 Friday |
| Ethereum | ETHUSD | N/A | From 20% | 5 | 2.00252 | 2 | 00:01 Monday - 23:58 Friday |
| Litecoin | LTCUSD | N/A | From 20% | 1.5 | 5.2537 | 5 | 00:01 Monday - 23:58 Friday |
| Ripple | XRPUSD | N/A | From 20% | 1.5 | 1.5 | 1.5 | 00:01 Monday - 23:58 Friday |
Please note that all our spreads are variable and dependent on the underlying market prices. In normal conditions we can usually offer our ‘minimum’ spread but these will increase when the underlying market spread widens. Market prices can widen at illiquid times of the day or when major news or economic data is released.
The ‘minimum’ spread shows the tightest spread available for any given product. The ‘average’ and ‘typical’ spread shows the average (mean) and the most common (mode) respectively in a 24 hour period. These are updated for the last trading day of each month.
