ALGORAND

Algorand vs US Dollar chart

Trading Conditions

Market Hours*
Open Now
Saturday 21:00
Sunday 00:41
Sunday 00:47
Sunday 21:00
Sunday 21:00
Monday 21:00
Monday 21:00
Tuesday 21:00
Tuesday 21:00
Wednesday 21:00
Wednesday 21:00
Thursday 21:00
Thursday 21:00
Friday 21:00
Friday 21:00
Saturday 21:00
*Market hours are provided in your local time (GMT0)
cTrader
Floating spreads
Minimum: 21
Average: 21
Limit and Stop Level
0
1 tick value
0.0001
Minimum contract size
0.01 lot
1 lot size
1 null
1 PIP value per 1 lot in USD
0.0001 USD
Minimum step for increasing contract size
0.01 lot
Margin requirements to open a lock position *
0
Execution Mode
Market (irrelevant of platform or Account type)
* Only if Margin Level > 100%

The average spreads provided for each platform are updated on a daily basis to reflect the average for the previous day. Though FxPro attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.

The above spreads are applicable under normal trading conditions. FxPro has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions of Business'.

Algorand is a high-performance, proof-of-stake blockchain designed to solve the long-standing trilemma of balancing security, scalability, and decentralisation simultaneously. Built by cryptography pioneer Silvio Micali, the network focuses on fast transaction processing and low fees, with applications in decentralised finance and digital asset tokenisation.

What is Algorand?

Algorand is a decentralised, permissionless blockchain network built around a Pure Proof-of-Stake (PPoS) consensus mechanism, enabling fast, low-cost transactions without sacrificing security or decentralisation. Its native token, ALGO, is used to pay transaction fees, participate in network governance, and serves as a tradeable digital asset in its own right.

Is Algorand a good cryptocurrency to trade?

ALGOUSD can present potential trading opportunities given Algorand's underlying technology and its growing adoption across DeFi and institutional blockchain projects, which can influence price movements. However, as with any cryptocurrency, it remains subject to sharp volatility and broader market sentiment swings, so a well-defined risk management strategy is absolutely essential before committing any capital.

*Please note this is marketing communication, not recommendation or advice.
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