Cryptocurrencies

Trade derivatives on popular cryptocurrencies including Bitcoin, Ethereum, Ripple and Litecoin.

CRYPTOCURRENCIES TRADING

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Trade on margin without tying up all of your funds

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Risk management with limit and stop levels

Funds security with negative balance protection

Trade on the price of popular cryptocurrencies against the world’s dominant currencies

Cryptocurrencies Contract Specifications

				Swap values in margin currency		Trading Hours
Symbol	Description	Typical Spreads in quote currency per unit	Leverage (up to)	Short	Long	Monday Open	Friday Close	Break
BCHUSD	BItcoin Cash	2.0	1:10	-0.45	-0.45	0:05:00	23:54:59
BNBUSD	Binance Coin	0.1	1:10	-0.03	-0.03	0:05:00	23:54:59
BTCEUR	Bitcoin Euro	30.0	1:10	-7500.0	-10000.0	0:05:00	23:54:59	–
BTCUSD	Bitcoin US Dollar	26.0	1:10	-7500.0	-10000.0	0:05:00	23:54:59	–
EOSUSD	EOSUSD	0.09	1:10	-0.05	-0.05	0:05:00	23:54:59
ETHEUR	Ethereum Euro	4.3	1:10	-1.0	-2.0	0:05:00	23:54:59	–
ETHUSD	Ethereum US Dollar	3.7	1:10	-1.0	-2.0	0:05:00	23:54:59	–
LTCEUR	Litecoin Euro	2.9	1:10	-1.0	-2.0	0:05:00	23:54:59	–
LTCUSD	Litecoin US Dollar	3.4	1:10	-1.0	-2.0	0:05:00	23:54:59	–
XLMUSD	Stellar Lumens	0.0006	1:10	-0.1	-0.1	0:05:00	23:54:59
XMRUSD	Monero	1.7	1:10	-0.12	-0.12	0:05:00	23:54:59
XRPUSD	Ripple US Dollar	0.031	1:5	-1.0	-2.0	0:05:00	23:54:59	–

Important

Swaps values may be adjusted daily based on market conditions and rates provided by our Price Provider applicable to all open positions. Triple swaps are applied every Friday.
Server Times: Winter: GMT+2 and Summer: GMT+3 (DST) (last Sunday of March and ends last Sunday of October).
All Pending Orders will be force closed during market breaks. In case any order is left pending, it will be automatically deleted on market close Friday.
The execution of new orders for crypto currency instruments is subject to company’s risk management procedures. The opening of market and pending orders might face temporary rejections.
Commission charge of 1 USD per lot round turn is applied.

Calculating Cryptocurrencies Margin Requirements – Example

Account base currency: USD
Position: Open 1 lot BUY BTCUSD at 8,249.60
1 Lot size: 1 Bitcoin
Margin requirement: 10% of Notional Value

Notional value is: 1 * 1 * 8,249.60 = 8,249.60 USD
Margin required is: 8,249.60 USD * 0.10 = 824.96 USD

What are Cryptocurrencies?

Cryptocurrencies, or Cryptos, are unique and popular digital currencies which are changing the financial industry exponentially. Their lack of physical form and decentralized nature, achieved by the use of Blockchain technology, makes them perfect for trading.

Launched in 2009, Bitcoin was the first decentralized digital cryptocurrency. Its characteristics more closely resemble commodities rather than conventional currencies. It often records the highest trading volume in almost all the exchanges it’s listed on.

Bitcoin trading:
When you choose to trade derivatives on bitcoin, the price is usually quoted against the US dollar. In other words, you are selling USD to buy bitcoins. If the price of bitcoin rises you will need to buy BTCUSD in order to make a profit, because bitcoin is now worth more USD than when you bought it. If you decide to sell BTCUSD and the price rises, then there will be a loss.

Important cryptocurrencies other than bitcoin include Ethereum (ETH), the second- largest digital currency by market capitalization after bitcoin, Ripple (XRP) which remains one of the most attractive digital currencies among traditional financial institutions to revolutionize cross-border payments and Litecoin (LTC), often referred to as “sliver to bitcoin’s gold.”

The price of a cryptocurrency can be affected by many factors including supply and market demand for it, regulation, news and media and price speculation.

At AOne PrimeFX we offer you the opportunity to trade popular Cryptocurrencies as derivatives without owing the digital asset, with 24-hour trading, low margin requirements, and the ability to trade on both rising and falling prices.

Benefits of trading Derivatives on Cryptocurrencies

Trade long or short

24/7 market hours

High volatility

Portfolio diversification

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