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Trading Crypto Online

Cryptocurrencies have been an exciting addition to our offering and a highly popular tradable asset. Please see our cryptocurrency contract specifications listed below.   

InstrumentNameMinimum Price FluctuationSize of 1 lotMin trade sizeMax trade sizeAverage Spread in PointsLeverageSwap Long (in points)Swap short (in points)Trading hours (GMT +3)
Instrument:BTCUSDName:BitcoinMinimum Price Fluctuation:0.01Size of 1 lot:10Min trade size:0.01Max trade size:10Average Spread in Points:11847Leverage:05:01Swap Long (in points):-6200Swap short (in points):-6200Trading hours (GMT +3):Mon 00:05- Thu 24:00 ; Fri 00:05-23:59
Instrument:BTCUSDminName:Bitcoin MiniMinimum Price Fluctuation:0.01Size of 1 lot:1Min trade size:0.01Max trade size:10Average Spread in Points:11847Leverage:05:01Swap Long (in points):-8000Swap short (in points):-8000Trading hours (GMT +3):Mon 00:05- Thu 24:00 ; Fri 00:05-23:59
Instrument:ETHUSDName:EtheriumMinimum Price Fluctuation:0.01Size of 1 lot:10Min trade size:0.01Max trade size:25Average Spread in Points:1081Leverage:05:01Swap Long (in points):-1800Swap short (in points):-1800Trading hours (GMT +3):Mon 00:05- Thu 24:00 ; Fri 00:05-23:59
Instrument:ETHUSDMinName:Etherium MiniMinimum Price Fluctuation:0.01Size of 1 lot:1Min trade size:0.01Max trade size:25Average Spread in Points:1081Leverage:05:01Swap Long (in points):-1800Swap short (in points):-1800Trading hours (GMT +3):Mon 00:05- Thu 24:00 ; Fri 00:05-23:59
Instrument:LTCUSDName:LitecoinMinimum Price Fluctuation:0.01Size of 1 lot:100Min trade size:0.01Max trade size:25Average Spread in Points:369Leverage:05:01Swap Long (in points):-100Swap short (in points):-100Trading hours (GMT +3):Mon 00:05- Thu 24:00 ; Fri 00:05-23:59
Instrument:BCHUSDName:Bitcoin CashMinimum Price Fluctuation:0.01Size of 1 lot:10Min trade size:0.01Max trade size:25Average Spread in Points:1208ÂLeverage:05:01Swap Long (in points):-4000Swap short (in points):-4000Trading hours (GMT +3):Mon 00:05- Thu 24:00 ; Fri 00:05-23:59
Instrument:XRPUSDName:RippleMinimum Price Fluctuation:0.0001Size of 1 lot:10000Min trade size:0.01Max trade size:50Average Spread in Points:159Leverage:05:01Swap Long (in points):-150Swap short (in points):-150Trading hours (GMT +3):Mon 00:05- Thu 24:00 ; Fri 00:05-23:59
Instrument:ADAUSDName:CardanoMinimum Price Fluctuation:0.0001Size of 1 lot:1000Min trade size:0.01Max trade size:50Average Spread in Points:963Leverage:02:01Swap Long (in points):-500Swap short (in points):-500Trading hours (GMT +3):Mon 00:05- Thu 24:00 ; Fri 00:05-23:59
Instrument:DOTUSDName:PolkadotMinimum Price Fluctuation:0.01Size of 1 lot:100Min trade size:0.01Max trade size:50Average Spread in Points:255Leverage:02:01Swap Long (in points):-500Swap short (in points):-500Trading hours (GMT +3):Mon 00:05- Thu 24:00 ; Fri 00:05-23:59
Instrument:UNIUSDName:UniswapMinimum Price Fluctuation:0.01Size of 1 lot:100Min trade size:0.01Max trade size:50Average Spread in Points:253Leverage:02:01Swap Long (in points):-500Swap short (in points):-500Trading hours (GMT +3):Mon 00:05- Thu 24:00 ; Fri 00:05-23:59
Instrument:LINKUSDName:ChainlinkMinimum Price Fluctuation:0.01Size of 1 lot:100Min trade size:0.01Max trade size:50Average Spread in Points:252Leverage:02:01Swap Long (in points):-500Swap short (in points):-500Trading hours (GMT +3):Mon 00:05- Thu 24:00 ; Fri 00:05-23:59
Instrument:XLMUSDName:StellarMinimum Price Fluctuation:0.0001Size of 1 lot:10000Min trade size:0.01Max trade size:50Average Spread in Points:251Leverage:02:01Swap Long (in points):-180Swap short (in points):-180Trading hours (GMT +3):Mon 00:05- Thu 24:00 ; Fri 00:05-23:59
Instrument:XMRUSDName:MoneroMinimum Price Fluctuation:0.01Size of 1 lot:100Min trade size:0.01Max trade size:50Average Spread in Points:266Leverage:05:01Swap Long (in points):-180Swap short (in points):-180Trading hours (GMT +3):Mon 00:05- Thu 24:00 ; Fri 00:05-23:59
Instrument:XDGUSDName:DogecoinMinimum Price Fluctuation:0.0001Size of 1 lot:10000Min trade size:0.01Max trade size:50Average Spread in Points:400Leverage:02:01Swap Long (in points):-280Swap short (in points):-280Trading hours (GMT +3):Mon 00:05- Thu 24:00 ; Fri 00:05-23:59
Asset Swap Long Min trade Size Swap for 1 night 
Asset:BTCUSD Swap Long:-6200Min trade Size:0.01 Swap for 1 night:$ -6.20
Asset:BTCUSDmin Swap Long:-8000 Min trade Size:0.01 Swap for 1 night:$  -0.80 
Asset:ETHUSD Swap Long:-1800 Min trade Size:0.01 Swap for 1 night:$ -1.80 
Asset:ETHUSDMin Swap Long:-1800 Min trade Size:0.01 Swap for 1 night:$ -0.18 
Asset:LTCUSD Swap Long:-100 Min trade Size:0.01 Swap for 1 night:$ -1.00 
Asset:XRPUSD Swap Long:-150 Min trade Size:0.01 Swap for 1 night:$ -1.50 
Asset:ADAUSD Swap Long:-180 Min trade Size:0.01 Swap for 1 night:$ -0.18 
Asset:DOTUSD Swap Long:-500 Min trade Size:0.01 Swap for 1 night:$ -5.00 
Asset:UNIUSD Swap Long:-500 Min trade Size:0.01 Swap for 1 night:$ -5.00 
Asset:BCHUSD Swap Long:-4000 Min trade Size:0.01 Swap for 1 night:$ -4.00 
Asset:LINKUSD Swap Long:-500 Min trade Size:0.01 Swap for 1 night:$ -5.00 
Asset:XLMUSD Swap Long:-180 Min trade Size:0.01 Swap for 1 night:$ -1.80 
Asset:XMRUSD Swap Long:-180 Min trade Size:0.01 Swap for 1 night:$ -1.80 
Asset:XDGUSD Swap Long:-280 Min trade Size:0.01 Swap for 1 night:$ -2.80 

What is cryptocurrency trading?

Cryptocurrencies are digital currencies which can be bought through a cryptocurrency exchange and stored in digital wallets on the internetavailable online.
Bitcoin is the first and most prominent cryptocurrency, however, altcoins such as Litecoin, Ethereum and Ripple have rapidly grown in popularity recently.

While you can easily buy some Bitcoin through an online crypto exchange, it’s a time -consuming process which requires accounts with different exchanges and online wallet services as well as converting your local currency to Bitcoin and vice versa.

Trading cryptocurrency CFDs, however, is a much more user-friendly method of gaining access to the profit potential offered by the cryptocurrency markets since it only requires a trading account and a low initial deposit to get started.

In fact, traders in cryptocurrency CFDs also have the option of buying when crypto prices are going up as well as selling when the prices are dropping and make a profit in both market climatesdirections. Whereas simply owning Bitcoin only benefits owners when prices are rising.

Cryptocurrency trading advantages

  • Highly volatile market with countless opportunities
  • No need for currency exchange or digital wallets
  • Higher profit potential with 5:1 leverage

What affects the value of cryptocurrencies?

Cryptocurrencies are traded on a peer-to-peer decentralized network and as such they aren’t affected by the same external forces as fiat currencies. For example, cryptocurrency is exempt from central banks and their monetary policy and interest rate decisions.


However, investor sentiment and market confidence in the mainstream adoption of cryptocurrencies plays a key role in the valuation of Bitcoin and other altcoins.


Altcoins such as Ethereum, Litecoin and Ripple themselves are largely correlated with Bitcoin which effectively means that they mirror Bitcoin price movements quite faithfully – when the value of Bitcoin goes up, so does the value of all the altcoins.


Therefore, even if you aren’t interested in trading Bitcoin and want to focus on the smaller cryptocurrencies, you should still keep abreast of any market developments that may affect the price of Bitcoin.

MORE INFO:

Explanation of Terms from Table headings

Instrument– The underlying asset of the CFD product to be traded.

Standard Contract size– The lot size traded on each platform (Note: CMTrading in MT4 represents the standard lot size).

Standard Spread– The difference between the BID & the ASK price quote for each instrument under normal market conditions per lot.

Margin Per Lot– The required margin to open a single lot of each instrument (Note: It is shown in notional terms).

Overnight Interest Sell/Buy– The overnight interest debited/credited in daily % terms for each instrument.

Trading Hours– The time that trading is available for the specified instrument.

Risk Warning:
Trading CFD’s on margin carries a high level of risk, and may not be suitable for all investors.

Crypto Currencies:

BTCUSD, ETHEREUM, LITECOIN, XRP(RIPPLE) – Trading is 24/5 for MetaTrader accounts.

All Cryptocurrency have USD underlying asset

Cryptocurrency spreads can be volatile and depend on current market conditions.

Margin Requirements on Crypto pairs may increase during periods of volatility.

Crypto Currency trading is not available on Islamic accounts.

Margin requirements:

Example for minimum trade size

Formula     = (number of lots * contract price * contract size)/leverage 

Asset  Current Price  Min trade Size  Margin requirement 
BTCUSD  36629  0.01  $ 732.58 
BTCUSDmin  36629  0.01  $ 73.26 
ETHUSD  2113  0.01  $ 42.26 
ETHUSDMin  2113  0.01  $ 4.23 
LTCUSD  133  0.01  $ 26.60 
XRPUSD  0.6538  0.01  $ 13.08 
DOTUSD  14.81  0.01  $ 2.96 
UNIUSD  18.07  0.01  $ 3.61 
BCHUSD  515.05  0.01  $ 10.30 
LINKUSD  18.07  0.01  $ 3.61 
XLMUSD  0.2538  0.01  $ 5.08 
XMRUSD  212.37  0.01  $ 42.47 
XDGUSD  0.2345  0.01  $ 4.69 

Individual Cryptos Buy/Sell Overnight Interest Calculation:

The Individual Cryptos Trading Conditions display the Over-Night Interest Rates Charged/Paid on a daily basis for holding a position open past the End of Day time. These are displayed in the “Overnight Interest – Buy” and “Overnight Interest – Sell” columns. End of Day is 22:00 GMT except during Daylight Savings when it changes to 21:00 GMT. 

You can use the following formula to calculate your Daily Overnight Interest amount: 

Swap calculation = No Of nights * Swap (buy or sell) *No of Lots*Point value 

Example of Swap for minimum trade size

Formula

No Of nights * Swap (buy or sell) *No of Lots*Point value

Point value = Contract size *No of Decimals in the Pair.

Asset  Swap Long  Min trade Size  Contract size  Point value  Swap for 1 night 
BTCUSD  -6200  0.01  10  0.1  $ -6.20 
BTCUSDmin  -8000  0.01  0.01  $-0.80 
ETHUSD  -1800  0.01  10  0.1  $-1.80 
ETHUSDMin  -1800  0.01  0.01  $ -0.18 
LTCUSD  -100  0.01  100  $-1.00 
XRPUSD  -150  0.01  10000  $-1.50 
ADAUSD  -180  0.01  1000  0.1  $-0.18 
DOTUSD  -500  0.01  100  $-5.00 
UNIUSD  -500  0.01  100  $-5.00 
BCHUSD  -4000  0.01  10  0.1  $-4.00 
LINKUSD  -500  0.01  100  $-5.00 
XLMUSD  -180  0.01  10000  $-1.80 
XMRUSD  -180  0.01  100  $-1.80 
XDGUSD  -280  0.01  10000  $ -2.80 
Asset  Swap Long  Min trade Size  Swap for 1 night 
BTCUSD  -6200  0.01  $-6.20 
BTCUSDmin  -8000  0.01  $-0.80 
ETHUSD  -1800  0.01  $-1.80 
ETHUSDMin  -1800  0.01  $-0.18 
LTCUSD  -100  0.01  $-1.00 
XRPUSD  -150  0.01  $-1.50 
ADAUSD  -180  0.01  $ -0.18 
DOTUSD  -500  0.01  $-5.00 
UNIUSD  -500  0.01  $ -5.00 
BCHUSD  -4000  0.01  $ -4.00 
LINKUSD  -500  0.01  $-5.00 
XLMUSD  -180  0.01  $-1.80 
XMRUSD  -180  0.01  $-1.80 
XDGUSD  -280  0.01  $-2.80