Margin Trading | FAQs – Page 3

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Recent FAQs

I just bought BTCUSD. Now where is my Bitcoin? How can I manage my Crypto-currencies?

Trading BTCUSD and Buying a Bitcoin on an Exchange mean 2 different activities. It is either: You trade Bitcoin to profit from the difference of market prices. You buy (then sell) to own Bitcoins. Margin Trading of Crypto c...

How can I sell BTCUSD when I don't even have a Bitcoin or any Crypto-currencies?

When you see the symbol "BTCUSD", it is most likely representing the price in USD which you need to purchase a Bitcoin. As it is a margin trading, trading BTCUSD doesn't send you actual Bitcoin and you can own one. Margin Trading o...

SimpleFX

Why is my value of balance in BTC so high?

MetaTrader platform is set to show account balance with two spots after the comma (1 BIT = 100 satoshis or 0.01 BIT = 1 satoshi). This is why SimpleFX uses BIT instead of BTC (1 BTC=1 000 000 BIT).

Price Chart of Cryptocurrencies are stopped and not updating. How can I fix this issue?

XM has stopped offering Cryptocurrency products on MT5 trading platform since December 22nd. Thus the price charts of following symbols won't be active anymore. BTCUSD(Bitcoin) DSHUSD(Dash) ETHUSD(Ethereum) LTCUSD(Liteco...

I can't trade Cryptocurrency on XM MT5. Why is that?

Since December 22nd, XM has decided to not offer Cryptocurrency pairs on MT5 platform. The Cryptocurrencies that are ceased offering on MT5 are: BTCUSD(Bitcoin) DSHUSD(Dash) ETHUSD(Ethereum) LTCUSD(Litecoin) XRPUSD(Ri...

All my positions on Cryptocurrencies were closed/executed automatically. What just happened?

Due to several unstable conditions of the nature of Cryptocurrency market, XM has decided to cease offering Cryptocurrencies on MT4 platform. Thus, all positions on Cryptocurrency has been closed by 6 pm, 22nd December(GMT+2). This...

What is the Cryptocurrency's value of 1 lot on MT5? and 1 pip value?

1 Lot value for Cryptocurrencies are already specified for all pairs. 1 pip value, or value of minimum fluctuation can be calculated from the following parameters. Bitcoin Min. Price Fluctuation 0.00100 Value of M...

Is there Swap Points while trading Cryptocurrencies on MT5?

Yes, there are Swap Points, or so called Overnight Financing for holding positions overnight even for Cryptocurrencies. Swap rates are calculated based on the relevant interbank rate. Swap Charge occurs at 00:00 in MetaTrader serve...

What is the required margin/leverage for Cryptocurrencies on MT5?

For all Cryptocurrencies offered on XM MT5, the margin requirement is 20%. Thus the leverage is 1:5, which is the highest leverage offered due to the restrictions set by CySEC, the regulatory authority of Cyprus. (November 2017) XM...

Any maximum limits on number of positions while trading Cryptocurrencies on MT5?

There is no maximum limits on the number of positions you can hold while trading Cryptocurrencies with XM, but it will be limited by the trading platform's capacity. When it comes to "Total Volume Limit" per account, there are limitat...