[FXGT] What are synthetic cryptocurrencies? Characteristics and trading conditions of cryptocurrency pairs

FXGT has a product called synthetic virtual currency. We will explain the leverage offered and the crypto products that can be traded. Most people have probably never heard of this product. This product is made up of a fairly innovative currency pair and is very rare, so we recommend it to users who have opened an account. You need to open an account to trade.

What is a synthetic virtual currency?

Synthetic virtual currency is a combination of conventional financial products such as stocks and gold, and virtual currency. Trading currency pairs that combine traditional financial products with newly emerging virtual currencies. It is also a combination that has never existed before, so it will be very popular with users. Specifically, what kind of combination is there is a combination of products from different markets such as Bitcoin and Gold, Bitcoin and NASDAQ.

trading instruments

Currently, the following 10 types of products are offered in the synthetic cryptocurrency service. With a professional account (MT5) or ECN account, you can trade cryptocurrencies with negative or positive swap-free (no swap points are generated). You can trade using funds with MT4 or MT5. After logging in, use your full margin to prevent large losses and trade. Check the information. You can make a lot of profit by using tools and settling with crypto assets. Along with defi, eth, etc., this is a product unique to FXGT.

Characteristics of synthetic cryptocurrencies

All synthetic virtual currency pairs are Bitcoin on the virtual currency side. Since Bitcoin is also a virtual currency, it is highly volatile and susceptible to price movements. It is also characterized by very high volatility, so traders should avoid placing too many lots. If an unexpected reversal occurs, it will be a big loss.

can be used as an index

In synthetic cryptocurrency pairs, the cryptocurrency side is all Bitcoin. In other words, you can see the strength of Bitcoin relatively. Not only that, it also serves as an indicator to see how other markets are moving relative to the cryptocurrency market. Since Bitcoin is the base currency, synthetic cryptocurrency pairs are even easier to judge. It is a big deal because you can read the movements of major, minor, and exotic currencies in the industry. It will also be reflected in foreign exchange investments and will be a reference. It’s a chance.

Trading conditions for synthetic cryptocurrencies

The trading conditions for synthetic virtual currencies are as follows, so please check them before trading. It is recommended to trade after calculating the position and size. Swap points are free and trading is possible with ECN accounts. Trade with 500x or 1000x leverage. Since it is not a legal currency like USD (dollar) or JPY (Japanese yen), volatility is high. You can trade at your own price rate, but as mentioned above, Ethereum, XRP, ADA, etc. are not included in the management settings and you cannot choose them yourself.

Target account

Synthetic cryptocurrency pairs are not available for all account types. They are limited to Standard, Pro and ECN accounts. When entering into a contract, please minimize your risk according to your purpose. There are many synthetic pair tokens, but they are also highly liquid. Zero cut is adopted in the system, so you can rest assured. Customers can trade in the market without margin calls on the platform, which is attractive. This is an advanced account with narrow spreads and is 100% suitable for a wide range of trading styles.

high volatility

Synthetic cryptocurrencies tend to move in the same way as cryptocurrency markets. In other words, volatility is quite high, so it is better to trade with smaller lots. We recommend starting with a small amount, whether in US dollars or euros. FXGT also has excellent promotions, so take advantage of bonuses to buy and sell. Be aware of the possibility of stop loss restrictions at exchanges.

Execution power is high

Synthetic cryptocurrencies also have a high order contract power. There is no risk of rejection even if you place an order multiple times, so you can rest assured. As a rule, trade with the optimal amount according to your level without any burden. Financial services such as short-term and long-term support complex conditions for exclusive use, making it easy to start trading.

Maximum leverage

The maximum leverage is 1000 times. However, Bitcoin tends to be quite volatile, so be careful.

FXGT applies dynamic leverage. Dynamic leverage is a mechanism in which the leverage decreases depending on the trading volume. Leverage varies depending on trading volume.

Funding fee

A certain funding fee varies depending on the account type. It is also stated on the website, and the price you will receive is listed, so click to check. Major coins with future prospects in Japan are handled and covered. Please see below and prepare your funds and consider. It is recommended that you collect a large amount of funds and try it out. Invest in the best stocks with future prospects.

trading hours

In the case of synthetic cryptocurrencies, one side is precious metals or energy, so the trading hours are not 24 hours a day, 365 days a year. There are many cryptocurrency brands in the account, and you can make a profit with Bitcoin by taking advantage of high campaigns and bonuses. It is a very rare brand compared to others, so even if you are a newbie, you can open an account and get started. If you hold a position and earn profits, you can also withdraw the money.

[FXGT] List of stocks handled in the account, spreads, trading hours - Thorough explanation

This article will introduce the benefits of FXGT's accounts and the popular products (currency pairs, CFDs, cryptocurrencies, NFTs) that are available worldwide. It is not just an FX company that specializes in foreign exchange, but you can actually trade many other products. You can also invest in other products such as stock prices, cryptocurrencies, and energy, so we will introduce each product and its trading hours.

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2024.08.20