Updates on Cryptocurrency CFD trading conditions
FXTM would like to inform traders that we will be implementing new updates to the trading conditions on Cryptocurrency CFDs on our Standard (Demo and Live) server from December 22 through to December 25.
22. 12. 2017 – Leverage Margin changes
Cryptocurrency CFD trading will be offered with leverage up to 1:10.
A full breakdown of these changes can be found below:
BTCUSD
| Notional value (USD) | Notional value (EUR) | Notional value (GBP) | Notional value (NGN) | Leverage offered | Floating Margin, % |
|---|---|---|---|---|---|
0 - 4 000 | 0 - 3 330 | 0 - 2 960 | 0 - 1 440 000 | 1:10 | 10 |
4 000 - 8 000 | 3 330 - 6 660 | 2 960 - 5 930 | 1 440 000 - 2 880 000 | 1:5 | 20 |
8 000 - 13 300 | 6 660 - 11 100 | 5 930 - 9 880 | 2 880 000 - 4 800 000 | 1:3 | 33 |
13 330 - 20 000 | 11 100 - 16 670 | 9 880 - 14 815 | 4 800 000 - 7 200 000 | 1:2 | 50 |
20 000 - 40 000 | More than 16,670 | More than 14 815 | More than 7 200 000 | 1:1 | 100 |
ETHUSD
| Notional value (USD) | Notional value (EUR) | Notional value (GBP) | Notional value (NGN) | Leverage offered | Floating Margin, % |
|---|---|---|---|---|---|
0 - 130 | 0 - 110 | 0 - 95 | 0 - 46 800 | 1:10 | 10 |
130 - 260 | 110 - 220 | 95 - 195 | 46 800 - 93 600 | 1:5 | 20 |
260 - 430 | 220 - 360 | 195 - 320 | 93 600 - 156 000 | 1:3 | 33 |
430 - 650 | 360 - 540 | 320 - 480 | 156 000 - 234 000 | 1:2 | 50 |
650 - 1 300 | More than 540 | More than 480 | More than 234 000 | 1:1 | 100 |
LTCUSD
| Notional value (USD) | Notional value (EUR) | Notional value (GBP) | Notional value (NGN) | Leverage offered | Floating Margin, % |
|---|---|---|---|---|---|
0 - 50 | 0 - 40 | 0 - 35 | 0 - 18 000 | 1:10 | 10 |
50 - 100 | 40 - 80 | 35 - 75 | 18 000 - 36 000 | 1:5 | 20 |
100 - 165 | 80 - 140 | 75 - 125 | 36 000 - 60 000 | 1:3 | 33 |
165 - 250 | 140 - 210 | 125 - 185 | 60 000 - 90 000 | 1:2 | 50 |
250 - 500 | More than 210 | More than 185 | More than 90 000 | 1:1 | 100 |
22. 12. 2017 – Overnight position changes
Swap rates and Swap-free rates will be changed as per the table below:
| Symbols | Swap Long Current (USD) | Swap Short Current (USD) | Swap Long New (USD) | Swap Short New (USD) |
|---|---|---|---|---|
BTCUSD | -3.00 | -3.00 | -30.00 | -30.00 |
ETHUSD | -4.00 | -4.00 | -10.00 | -10.00 |
| Symbols | Swap Free Fee Current (USD) | Swap Free Fee Days Allowance Current | Swap Free Fee New (USD) | Swap Free Fee Days Allowance New |
|---|---|---|---|---|
BTCUSD | -6.30 | 4 | -35.00 | 2 |
ETHUSD | -8.40 | 4 | -15.00 | 2 |
LTCUSD | -10.50 | 4 | -10.00 | 2 |
25. 12. 2017 – Contract Size changes
Maximum Contract size will be increased to 10 and Minimum to 0.01 lots.
| Min Contract Size Current (lots) | Max Contract Size Current (lots) | Min Contract Size New (lots) | Max Contract Size New (lots) |
|---|---|---|---|
0.1 | 5 | 0.01 | 10 |
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