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November 15, 2017

Question:What is the cost/commission of trading Cryptocurrency on MT5 platform?

Answer:

XM does not charge any extra commissions for trading Cryptocurrencies on MT5 platform.

Thus the only cost every trader will need to cover is “Spread”.

  • Bitcoin – BTCUSD’s spread cost is 12
  • Dash – DSHUSD’s spread cost is 3
  • Ethereum – ETHUSD’s spread cost is 3
  • Litecoin – LTCUSD’s spread cost is 0.4
  • Ripple – XRPUSD’s spread cost is 0.002

In case you intend to hold open positions overnight, you also need to keep in mind the “Overnight Financing(Swap Charges)”. Swap Points of Cryptocurrency are often negative, thus you maybe charged overnight for both long and short positions.

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