XTB resumes trading on Bitcoin with "refreshed" conditions

Bitcoin trading w XTB will be active again from January 15, 2018, only under new conditions. At the end of December, the largest Polish Forex broker announced a temporary suspension of trading on this most popular cryptocurrency (more precisely on CFDs on it). Earlier, TMS Brokers decided to take a similar step Admiral Markets (in TMS, trade is constantly suspended).

Problems of childhood

Cryptocurrencies is a relatively young market. Bitcoin itself was created 9 years ago, but it was only in the last two years that it began to dynamically evolve. A month ago we pointed to the problems faced by brokers offering virtual currency trading. Already then their troubles were so advanced that something had to be done quickly. Although the total market capitalization is growing rapidly, and according to the Coin Market Cap portal, it has already exceeded the 700 billion level, the brokers were not able to maintain the initially highly competitive trading conditions. Therefore, they began to gradually withdraw from them ...

New trading conditions in XTB

There are a lot of changes, starting from the method of calculating fees, through the value of leverage, to introducing completely new elements.

• spread - depends on the value of the instrument, set at 1%,
• Swap points - Swaps of 0,08% for long and 0,04% for short (charged on a daily basis).
• Volume - The maximum amount of commitment has been set at EUR 15.
• Siphon - Leverage has been reduced from 1:20 to 1: 5.
• Time limit - The maximum validity of the contract has been established for 7 days, counted from the moment of concluding the transaction.
• Trading hours - Trading will be available from 4:00 am on Saturdays to 22:00 pm on Fridays (according to Polish time).

XTB, as the first Polish broker, introduced into the offer cryptocurrency instruments in June 2017. which was met with great interest from investors. Seeing the demand from traders for trade in these instruments, you can expect that with the development of the virtual currency market, the offer will evolve and become more and more attractive. Of course, if the market allows it.

Bitcoin trading can be tested on the XStation xNUMX demo account