PRODUCT
We offer contracts that are represented as a trading pair, with Target Currency on the left and Quote Currency on the right.
The Target Currency is the currency you with to buy or sell; the Quote Currency is the currency in which the price will be displayed.
Example: For a BTC/ETH contract, you will be quoted the price of BTC in terms of ETH
LEVERAGE
The leverage effect allows the investor to control larger trade sizes. Expressed as a ratio, a 2% margin is equivalent to a 50:1 leverage ratio (1 divided by 50 = 0.02 or 2%).
SPREAD
The difference between the ask price and the bid price for a trading instrument. The cryptocurrency quotes are always provided with bid and ask prices. The bid represents the price at which the cryptocurrency market maker is willing to buy the base currency in exchange for the counter currency. Conversely, the ask price is the price at which the cryptocurrency market maker is willing to sell the base currency in exchange for the counter currency.
MARGIN
Margin is essentially collateral for a position. Before you place a trade, you are required to make a deposit into your account.
The amount depends on the margin percentages dependent on the instrument allowing traders to take on leveraged positions with a fraction of the equity necessary to fund the trade.
Example: If Bitcoin is trading at $4100 and the percentage margin is 5%, you will need to add in $205 margin to enter into 1 BTC/USD contract.
AVAILABLE BALANCE
Amount of funds available for trading in your account.
LONG FINANCE RATE
Also called the Swap Long Rate or Overnight Interest Rate when the existing position is maintained as a buy open overnight and for the upcoming trading days would incur some amount of charges. The rate may be positive i.e. you will receive it, or negative i.e. you will have to pay for it. The rate is termed in percentage %.
Please note that the finance rate may be debited or credited to the trading account depending on the interest rate value of the traded product. Final amount will be converted to your account base currency.
SHORT FINANCE RATE
Also called the Swap Short Rate or Overnight Interest Rate when the existing position is maintained as a sell open overnight and for the upcoming trading days would incur some amount of charges. The rate may be positive i.e. you will receive it, or negative i.e. you will have to pay for it. The rate is termed in percentage %.
Please note that the finance rate may be debited or credited to the trading account depending on the interest rate value of the traded product. Final amount will be converted to your account base currency.
MINIMUM TRADE SIZE
The minimum amount of cryptocurrency that you can trade on your account.
VOLUME LIMIT
The maximum number of contracts a trader can hold for each currency. Also referred to as trading limit.
LIQUIDATION LEVEL
It is also called a Stop Out level. When a trader’s margin fall to a level where it can no longer support the open positions, the system will trigger a Margin Call alert and warn the trader to deposit sufficient margin. When the Margin Call percentage falls below a certain level, one or more of the trader’s open positions will be liquidated at current market price levels. The system will liquidate the positions sequentially based on which position has the highest margin requirement, until the margin call percentage goes above the tolerance level. In such scenarios, there are chances for the trading account to come under deficit balance level.
MAINTENANCE MARGIN
The required equity that an investor must deposit to stay in or maintain an open position trade
CONTRACT LENGTH
The length of our contracts are generally one month long i.e. they expire at the end of each month.
For specific product expiration date and time, please refer to the “Specification” tab on MT5.
TRADING HOURS
The trading times when the cryptocurrencies are available for trading on the platform
REALIZED P/L
The realized amount that you earn or incur as profit or loss upon closing of the open trade position
UNREALIZED P/L
The floating amount or the unrealized amount you will be earning or incurring as profit or loss before the closing of the open trade position.
CONTRACT SIZE
Number of units of the underlying asset per contract. All our products are 1 to 1, i.e. each contract represents 1 unit of underlying.
STOPS LEVEL
This is the minimum difference between current offered price and your specified price in order to set a valid Stop Loss, Take Profit or Pending order.
Example: If offered price is 1000 and stops level is 10, you can set a stop loss order at any price under 990 or a take profit order at any price above 1010.
MARGIN CURRENCY
Currency in which the margin requirements are calculated
PROFIT CURRENCY
Currency in which the profit of the symbol trading is calculated
TICK SIZE
Minimum incremental price change
TICK VALUE
Tick Value = Tick Size x Contract Size
HEDGED MARGIN
The margin charged per one lot of hedged positions.
MARGIN RATE
Margin requirement of the contract value in terms of percentage.
Example: If the system display 20, it means that the margin requirement is 20%
GOOD TILL CANCELLED
Pending orders are preserved until they are cancelled
FILL OR KILL
This fill policy means that an order can be filled only in the specified volume. The order will be filled in entirety or else it will be cancelled.
MINIMAL VOLUME
Minimum trade value in terms of number of contracts
MAXIMAL VOLUME
Maximal trade value in terms of number of contracts
VOLUME STEP
Minimum incremental trading volume in terms of number of contracts