Cryptocurrencies allow traders to diversify their investment portfolio, as their price is mainly determined by demand and supply; Their value has a low correlation to national economies or political scenarios. Once Bitcoin surpassed the price of gold in 2017, US markets introduced 2 ETFs on Bitcoin and drew more and more institutional money into the world of cryptocurrencies. In 2017, Indian PM Narendra Modi has announced the gradual replacement of paper currency with electronic currency; In March 2018, the Marshall Islands announced that they would be introducing a cryptocurrency to replace US dollars as their main currency; other central banks are investigating the adoption of blockchain-like technologies… in short cryptocurrencies are probably here to stay. A growing number of crypto investors all over the world have already discovered the benefits:
|Symbols||Name||Contract Size||Swap Long||Swap Short||Trading Sessions|
|Bitcoin||Bitcoin/US Dollar||1||-30.00||-30.00||Daily 00:05 to 23:50|
|Ethereum||Ethereum/US Dollar||50||-30.00||-30.00||Daily 00:05 to 23:50|
|Litecoin||Litecoin/US Dollar||100||-30.00||-30.00||Daily 00:05 to 23:50|
|Ripple||Ripple/US Dollar||15.000||-30.00||-30.00||Daily 00:05 to 23:50|
TRADING HOURS – Monday to Friday GMT+2 time zone (please note DST may apply)
Swap rates are calculated based on the relevant interbank rate. Long positions are charged with the relevant interbank rate plus a mark-up and short positions receive the rate minus a mark-up.
The operation is conducted at 00:00 (GMT+2 time zone, please note DST may apply) and can take several minutes. From Wednesday to Thursday swap is charged for three days.
The margin requirement for CFDs is calculated like this : Lots * Contract Size * Opening Price * Margin Percentage and not based on the leverage of your trading account.