Cryptocurrencies

Cryptocurrency CFDs are available for trading in MetaTrader 5 platform. When trading cryptocurrencies no commissions are charged.

Code in MT5 Volume 1 lot Maximum
volume
Average spread Margin professional Margin Retail
BTCUSD (Bitcoin) 1 Bitcoin 2 Bitcoins 40 USD 10% 50%
ETHUSD (Ether) 1 Ether 25 Ether 5 USD 10% 50%
LTCUSD (Litecoin) 1 Litecoin 25 Litecoin 2 USD 10% 50%
XRPUSD (Ripple) 1 Ripple 10 000 Ripple 0.013 USD 10% 50%

For hedging positions in cryptocurrencies the full margin amount is applied for both long and short position.

Trading hours

Cryprocurrency trading is open from 21:15 GMT on Sunday to 21:00 GMT on Friday.

Rollover interest for cryptocurrencies

All open positions at 21:00 GMT are rolled forward to the next business day. For holding a position in BTCUSD, ETHUSD, LTCUSD or XRPUSD rollover fee will be charged based on the position direction.

For long position the swap rate is minus 10%, calculated on annual basis, and for short positions the swap rate is plus 5%, calculated on annual basis.  

Example for swap rate calculation:

  • Long position (Buy order) of 1 Bitcoin is held for the next business day. The price of the Bitcoin at the end of the day is 8000 USD. The negative swap that will be deducted from the account is calculated as follows: (8000X10%)/360=2.22 USD.
  • Short position (Sell order) of 1 Bitcoin is held for the next business day. The price of the Bitcoin at the end of the day is 8000 USD. The positive swap that will be applied to the account is calculated as follows: (8000X5%)/360=1.11 USD.  

Risk management

Important: Cryptocurrency CFDs trading is extremely risky, highly speculative and there is a risk of losing all invested capital. This is а derivative product traded on an unregulated market and is therefore exposed to all risks associated with derivative products and all risks associated with its underlying asset price movements. Clients should be aware that due to a strong market volatility, lack of liquidity, and expanded distribution, an order can be executed at a price different from the one set by the client. It is also possible, in particular circumstances, to follow suspension of quotes, lack of availability for closing positions, lack of availability for opening new positions, closure of all open positions without prior notice, at specified prices by BenchMark Finance.

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