OctaFX Increases Leverage for Cryptocurrency to 1:25

OctaFX, a worldwide recognized forex brokerage firm, recently announced that it has increased its leverage for cryptocurrency from 1:10 to 1:25, allowing users to take advantage of the increased leverage option to maximise their potential profit.

As the market for cryptocurrency is growing substantially and a large number of investors poured into the market, brokers such as OctaFX are taking actions to respond to customer needs. By raising the allowable leverage, investors are capable of earning more than what they could have before.

According to an official press release from the broker, clients may use the new leverage to trade any cryptocurrency it supports, including bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), and Bitcoin Cash (BCH).

To set the cryptocurrency leverage to 1:25 in OctaFX, clients are required to switch the maximum leverage on their MT4 or MT5 account to 1:500.

OctaFX is a global Forex broker that provides online trading services worldwide since 2011. It offers a state-of-the-art trading experience to over 7 million trading accounts worldwide. The company is well-known for its prodigious IB program.