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September 12, 2017

Question:Will swap charge on Bitcoin be tripled on Wednesday or will be charged as normal everyday(7 days a week)?

XM - What's now?

Leverage 1:888 does not apply to client registered under the EU regulated entity of the Group. The maximum leverage for Trading Point of Financial Instruments is 30:1.

Answer:

On XM MT5, swap charges/credits on Bitcoin(BTCUSD) trading will be tripled on every Wednesday. (precisely from Wednesday to Thursday)

It is because Bitcoin trade is made on Spot Exchange and swaps of Saturday and Sunday will be carried over to Wednesday.

Normally swaps will be charged with the relevant interbank rate on long positions and short positions receive the rate.

*Markups will be applied on both directions of trades too.
*Trading of Bitcoin on XM MT5 is available only from Monday to Friday(00:05 to 23:50).

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