Cryptocurrency CFDs Trading Information | |
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No. of Cryptos: 19 | Trading Hours & Days: 24/7 |
Margin requirement: 10% | Min. Order Size: 0.01 |
MT5 Code | Description | Leverage | Margin Percentage | Margin Currency | Profit Currency | Price Example | Digits | Trading Hours (GMT)* | Break Time (GMT) | Target Spread | Trade Size Minimum (lots) | Trade Size Maximum (lots) | Trade Size Step (lots) | Margin Call Level | Stop Out Level | Swaps | Commission | Standard Contract Size | Calculation |
BTC/USD | Bitcoin vs USD | 1:10 | 10% | BTC | USD | 6391.31 | 2 | Mon - Sun 00:00 - 24:00 | None | Variable | 0.01 | 50 | 0.01 | 80% | 50% | Yes | None | 1 | CFD |
BCH/USD | Bitcoin Cash vs USD | 1:10 | 10% | BCH | USD | 420.500 | 3 | Mon - Sun 00:00 - 24:00 | None | Variable | 0.01 | 50 | 0.01 | 80% | 50% | Yes | None | 10 | CFD |
DSH/USD | DASH vs USD | 1:10 | 10% | DSH | USD | 189.51 | 2 | Mon - Sun 00:00 - 24:00 | None | Variable | 0.01 | 50 | 0.01 | 80% | 50% | Yes | None | 10 | CFD |
ETH/USD | Ethereum vs USD | 1:10 | 10% | ETH | USD | 218.91 | 2 | Mon - Sun 00:00 - 24:00 | None | Variable | 0.01 | 50 | 0.01 | 80% | 50% | Yes | None | 10 | CFD |
LTC/USD | Litecoin vs USD | 1:10 | 10% | LTC | USD | 55.42 | 2 | Mon - Sun 00:00 - 24:00 | None | Variable | 0.01 | 50 | 0.01 | 80% | 50% | Yes | None | 10 | CFD |
BTG/USD | Bitcoin Gold vs USD | 1:10 | 10% | BTG | USD | 21.205 | 3 | Mon - Sun 00:00 - 24:00 | None | Variable | 0.01 | 50 | 0.01 | 80% | 50% | Yes | None | 100 | CFD |
NEO/USD | NEO vs USD | 1:10 | 10% | NEO | USD | 11.981 | 3 | Mon - Sun 00:00 - 24:00 | None | Variable | 0.01 | 50 | 0.01 | 80% | 50% | Yes | None | 100 | CFD |
XMR/USD | Monero vs USD | 1:10 | 10% | XMR | USD | 91.72 | 3 | Mon - Sun 00:00 - 24:00 | None | Variable | 0.01 | 50 | 0.01 | 80% | 50% | Yes | None | 100 | CFD |
ZEC/USD | Zcash vs USD | 1:10 | 10% | ZEC | USD | 74.16 | 3 | Mon - Sun 00:00 - 24:00 | None | Variable | 0.01 | 50 | 0.01 | 80% | 50% | Yes | None | 100 | CFD |
EOS/USD | EOS vs USD | 1:10 | 10% | EOS | USD | 6.306 | 3 | Mon - Sun 00:00 - 24:00 | None | Variable | 0.01 | 50 | 0.01 | 80% | 50% | Yes | None | 1,000 | CFD |
ETC/USD | Ethereum Classic vs USD | 1:10 | 10% | ETC | USD | 7.55 | 3 | Mon - Sun 00:00 - 24:00 | None | Variable | 0.01 | 50 | 0.01 | 80% | 50% | Yes | None | 1,000 | CFD |
OMG/USD | OmiseGO vs USD | 1:10 | 10% | OMG | USD | 2.044 | 3 | Mon - Sun 00:00 - 24:00 | None | Variable | 0.01 | 50 | 0.01 | 80% | 50% | Yes | None | 1,000 | CFD |
QTM/USD | Qtum vs USD | 1:10 | 10% | QTM | USD | 3.065 | 3 | Mon - Sun 00:00 - 24:00 | None | Variable | 0.01 | 50 | 0.01 | 80% | 50% | Yes | None | 1,000 | CFD |
IOT/USD | IoT vs USD | 1:10 | 10% | IOT | USD | 0.40333 | 5 | Mon - Sun 00:00 - 24:00 | None | Variable | 0.01 | 50 | 0.01 | 80% | 50% | Yes | None | 10,000 | CFD |
XLM/USD | Stellar vs USD | 1:10 | 10% | XLM | USD | 0.13281 | 3 | Mon - Sun 00:00 - 24:00 | None | Variable | 0.01 | 50 | 0.01 | 80% | 50% | Yes | None | 10,000 | CFD |
XRP/USD | Ripple vs USD | 1:10 | 10% | XRP | USD | 0.4633 | 4 | Mon - Sun 00:00 - 24:00 | None | Variable | 0.01 | 50 | 0.01 | 80% | 50% | Yes | None | 10,000 | CFD |
ADA/USD | Cardano vs USD | 1:10 | 10% | ADA | USD | 0.08454 | 5 | Mon - Sun 00:00 - 24:00 | None | Variable | 0.01 | 50 | 0.01 | 80% | 50% | Yes | None | 100,000 | CFD |
TRX/USD | Tron vs USD | 1:10 | 10% | TRX | USD | 0.02863 | 5 | Mon - Sun 00:00 - 24:00 | None | Variable | 0.01 | 50 | 0.01 | 80% | 50% | Yes | None | 100,000 | CFD |
XEM/USD | NEM vs USD | 1:10 | 10% | XEM | USD | 0.08776 | 5 | Mon - Sun 00:00 - 24:00 | None | Variable | 0.01 | 50 | 0.01 | 80% | 50% | Yes | None | 100,000 | CFD |
Leverage
Leverage increases the potential for good returns when the market moves in their favour. However, please note that leverage will act against you when the market moves in the opposite direction to your prediction.
Different leverage levels apply to different account types.
Margin Requirement
When an investor opens an account with a broker, an initial deposit is required in order to open a position in the market. The required cash deposit will act as a deposit to cover any credit risk. Depending on the agreement, the investor is able to leverage up to a certain limit.
The margin requirement for a CFD trade is calculated using the following formula:
Margin = (Lot Size x Contract Size x Opening Price) / Leverage
Note: Interest is not required to be paid on the borrowed amount, but if the investor decides to hold his position overnight, interest will be charged as the rolled-over rates on the total positions held.
Margin Call
Margin Call is a level set by a brokerage that defines the minimum amount of money required to trade in the market. When your account falls below the margin call level, you will need to make an additional deposit to maintain your positions. Alternatively, you can close some of your positions to reduce your required margin. At Blackwell Global, Margin Call is set at 80%.
Stop Out Level
In the event you are unable to maintain sufficient funds in your account after hitting Margin Call, and if your account value depreciates to the Stop Out level, your positions will be closed automatically to prevent further loss to your capital. At Blackwell Global, Stop Out level is set at 50%.