Cryptocurrency
ACM Markets has partnered with the first FCA regulated crypto liquidity provider, GCEX to offer CFD trading on the world’s most popular coins.
Did You Know?
With crypto CFDs, traders can benefit from both the rise and fall of prices. Use CFDs as a hedge
for underlying assets or as a way to speculate withing needing to hold any coin.
Commission trading with tight spreads
Can hold a buy and sell position at the same time
Trade Bitcoin, Ethereum, & Ripple with 10x leverage
Ability to profit from either rise or fall in coin prices
Ability to earn interest for holding short positions
No restrictions on short selling
Commission trading with tight spreads
Can hold a buy and sell position at the same time
Trade Bitcoin, Ethereum, & Ripple with 10x leverage
Ability to profit from either rise or fall in coin prices
Ability to earn interest for holding short positions
No restrictions on short selling
Products Details
ACM Markets offers trading on the top 3 cryptocurrencies by market capitalization with zero commission charged.
The following cryptocurrencies are currently offered:
Symbol Name |
Coin Name |
Minimum Trade Size |
Minimum MT5 Trade Size |
1 MT5 Contract Equivalent |
|---|---|---|---|---|
|
BTCUSD-
|
Bitcoin
|
0.01 BTC
|
0.01
|
1 BTC
|
|
ETHUSD-
|
Ethereum
|
0.01 ETH
|
0.01
|
1 ETH
|
|
XRPUSD-
|
Ripple
|
100 XRP
|
0.01
|
10,000 XRP
|
|
Symbol Name
|
BTCUSD-
|
|
Coin Name
|
Bitcoin
|
|
Minimum Trade Size
|
0.01 BTC
|
|
Minimum MT5 Trade Size
|
0.01
|
|
1 MT5 Contract Equivalent
|
1 BTC
|
|
Symbol Name
|
ETHUSD-
|
|
Coin Name
|
Ethereum
|
|
Minimum Trade Size
|
0.01 ETH
|
|
Minimum MT5 Trade Size
|
0.01
|
|
1 MT5 Contract Equivalent
|
1 ETH
|
|
Symbol Name
|
XRPUSD-
|
|
Coin Name
|
Ripple
|
|
Minimum Trade Size
|
100 XRP
|
|
Minimum MT5 Trade Size
|
0.01
|
|
1 MT5 Contract Equivalent
|
10,000 XRP
|
- Trading Hours
ACM Markets offers Cryptocurrency trading in the same hours as foreign exchange. Trading is available 24 hours a day starting from Sunday 5 pm EST to Friday 5 EST.
Due to potential volatility and price movements over the weekend, we strongly suggest that you maintain sufficient margin in your trading account if you decide to hold positions over the weekend in order to avoid potential margin calls.
- Contract Size
- Margin Requirements and Stopout Levels
Leverage for all Cryptocurrency CFDs is 10:1 or 10% margin requirement.
Example: Buy 0.10 contract of BTC @ $50,000/contract = $5,000 total value
Margin requirement = $5,000 * 10% = $500
Margin call occurs when a client’s Free Margin reaches zero. A stopout occurs when a client’s equity reaches 50% of the account’s margin requirement. In the case of a stopout, the open position with the largest floating loss will be closed first.
- Finance Charges
Since shares CFDs are traded on margin (ie. borrowed money from ECO Markets), financing charges will apply. Positions held open after the close of market (5pm EST) will incur a financing charge based the market demand of the underlying coin. Finance charges can be found by checking the specifications of each coin in the Market Watch window.
Finance charges are quoted based on annual interest rates. To calculate the daily rate, take the interest rate and divide by 360. For example, if the finance charge for BTCUSD is 10% and BTCUSD is trading at $50,000, then the annual cost of holding 1 BTCUSD position is $500 USD (50,000 * 10%). Therefore, the daily charge is $1.37 (500/360) per BTCUSD contract.
ACM Markets charges 3 days of finance charges or swaps for all positions held past Friday at market close.
What’s the Difference Between Trading Crypto CFDs and Owning Coins?
• Because of leverage, a smaller initial capital is required to start trading
• CFDs versus owning the cryptocurrency. CFDs offer the ability to go short or sell a coin without having to first own the underlying coin.
• CFDs also allow traders to take advantage of strategies such as hedging their existing share portfolio.
• Account is based in USD. No need to physically exchange coins and keep a digital wallet.
