Recently, the large cryptocurrency exchanges FTX and Binance announced a decrease in the leverage when trading cryptocurrencies — to 1:20. High leverage allows traders to increase profits significantly, so we are not going to reduce it so that clients do not limit themselves. At FreshForex, you can trade cryptocurrencies with leverage from 1:50 to 1:100, depending on the chosen cryptocurrency.
Meanwhile, Bitcoin (BTCUSD) recently surpassed the $40 500 marks and then collapsed to $37 200. This happened after Amazon denied a rumor about Bitcoin support on its platform. On such a move with a balance of $1 000 and leverage of 1:20, you can get $2 000 of profit. Not bad, but with our 1:100 leverage you can get 5 times more! The difference is considerable!
Remind that we have recently added new digital assets and improved the conditions for the existing ones. And Ripple has returned to our arsenal — so you can choose your favorite digital asset among many others. In addition, by the end of August, when making a deposit with cryptocurrency, we will credit you 5% of the deposit amount. And if you have been charged a commission for an account funding, then we will refund it!
OnsaFX, a regulated, global & zero-commission broker, is strengthening its presence in Africa by preparing to enter the Ghanaian market.