CRYPTOCURRENCIES

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TRADE CRYPTOCURRENCIES

Cryptocurrencies are virtual currencies which operate independently of banks and governments, but can still be exchanged – or speculated on – just like any physical currency. Take advantage of Cryptocurrency volatility without the hassle of ownership via a CFD.

Contract Specification

This table gives an indication of the lot sizes of our cryptocurrencies.

  Instrument Symbol Contract Size Margin Сurrency  
  Bitcoin/USD BTCUSD $ 1

Depends on the market price 

Margin = lots*contract size * market price * percentage / 100

USD  
  Ethereum/USD XETUSD $ 1

Depends on the market price

Margin = lots*contract size * market price * percentage / 100

USD  
  Litecoin/USD XLCUSD $ 1

Depends on the market price

Margin = lots*contract size * market price * percentage / 100

USD  
  Ripple/USD XRPUSD $ 1

Depends on the market price

Margin = lots*contract size * market price * percentage / 100

USD  
  Bitcoin Cash/USD XBNUSD $ 1

Depends on the market price

Margin = lots*contract size * market price * percentage / 100

USD  
EXAMPLE BITCOIN N.1

If a client decides to open a trade, 1 lot of Bitcoin US dollar at 6,177.50,, the margin required for this trade will be:

Lot = 1
Contract size = 1
Market price = 6,177.50
Leverage 1:2 → Percentage = 50
Margin Requested = (Lots* Contract Size * Market Price * Percentage / 100)
= ( 1 * 1 *6,177.50 * 50 / 100)

= $3088.75

EXAMPLE BITCOIN N.2

EXAMPLE OF HOW TO CALCULATE PNL OF A BTCUSD TRADE

If a client BUYS 1 lot of Bitcoin US dollar at 7,399.00 and closes the position at 7,382.50, the Profit or Loss will be:
Lot = 1
Contract size = 1
Type = Sell
Open price = 7,399.00
Close price = 7,382.50
Profit/Loss = [ (Close Price – Open Price) * Contract Size * lots) ]
= [( 7,399.00 - 7,382.50) * 1 * 1)]
= $16.50

Example N.3 for BTCUSD

EXAMPLES OF CALCULATION OF CRYPTO CURRENCY MARGIN

Lot = 1
Contract Size = 1
Market Price = 476.75
Percentage = 50

Margin = lots*contract size * market price * percentage / 100

→ Margin = 1 * 1 * 476.75*50/100
→ Margin = $238.38

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.40 % of retail investor accounts lose money when trading CFDs with INFINOX. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.