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 Platform Symbol Size Currency Profit currency  
  Bitcoin/USD BTCUSD 1 USD USD  
  Ethereum/USD XETUSD 1 USD USD  
  Litecoin/USD XLCUSD 1 USD USD  
  Ripple/USD XRPUSD 1 USD USD  
  Bitcoin Cash/USD XBNUSD 1 USD USD  
Example 1

Example of how to calculate Margin Requirement of a BTCUSD

If a client decides to open a trade, 1 lot of Bitcoin US dollar at 11,735.00, the margin required for this trade will be:
Lot = 1
Contract size = 1
Market price = 11,735.00
Leverage 1:5 → Percentage = 20
Margin Requested =  (Lots* Contract Size  * Market Price * Percentage / 100)
= ( 1 * 1 * 11,735.00 * 20 / 100)
= 2,347.00

Example 2

Example of how to calculate PnL of a BTCUSD trade

If a client BUYS 1 lot of Bitcoin US dollar at 11,735.00 and closes the position at 11,758.00, the Profit or Loss will be:
Lot = 1
Contract size = 1
Open price = 11,735.00
Close price = 11,758.00
Profit/Loss  = [ (Close Price – Open Price) * Contract Size * lots) ]
= [( 11,758.00 - 11,735.00) * 1 * 1)]
= $23

Example 3

Example of how to calculate PnL of a BTCUSD trade

If a client SELLS 1 lot of Ethereum US dollar at 420.25 and closes the position at 412.25, the Profit/Loss will be:
Profit/Loss  = [ (Close Price – Open Price) * Contract Size * lots) ]
= [( 420.25 – 412.25) * 1 * 1)]
= -$8

Trading FOREX and CFD’s is high risk. Losses can exceed deposits.