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Trading terms Cryptocurrencies Metatrader 5






Commissions None
Minimum deposit None
Work time Sunday 24:00 - Friday 23:00
Spread Bitcoin - Market
Ethereum - Market
Litecoin - Market
Ripple - Market
Instrument Swap Long position
(% annually *)
Swap Short position
(% annually *)
Margin requirements Contracts in 1 lot Minimum Order Size
in Lots
Minimum Transaction
Step in Lots
Maximum Order Size
in Lots
Bitcoin - 30%
/swap rate (%) 1/365 overnight/
- 30%
/swap rate (%) 1/365 overnight/
20% 1 0.01 0.01 5.00
Ethereum - 30%
/swap rate (%) 1/365 overnight/
- 30%
/swap rate (%) 1/365 overnight/
20% 10 0.01 0.01 5.00
Litecoin - 30%
/swap rate (%) 1/365 overnight/
- 30%
/swap rate (%) 1/365 overnight/
20% 10 0.01 0.01 5.00
Ripple - 30%
/swap rate (%) 1/365 overnight/
- 30%
/swap rate (%) 1/365 overnight/
20% 1000 0.01 0.01 5.00

IMPORTANT! Please be advised, that your net exposure to cryptocurrencies cannot exceed the sum of 10,000 EUR or the equivalent of this amount in other currency.

Examples:
Upon purchase of 0.1 lots of Bitcoin, the amount to transfer the position for the next day - Swap is equal to: [0.01 lot x 9320 (current price) x 30/100] / 365 = -0.77$ per day day.
Upon sell position of 1 lot Ethereum, the amount to transfer the position for the next day - Swap is equal to: [1 lot x 680 (current price) x 30/100] / 365 = -0.56$ per day.

Varchev Finance policy on hard forks

A fork is a change to the software of the digital currency that creates two separate versions of the blockchain with a shared history. Forks can be temporary, lasting for a few minutes, or can be a permanent split in the network creating two separate versions of the blockchain. Varchev Finance actively monitors protocol developments and works hard to ensure customer funds are safe in these events. In the case that one version isn’t discontinued – known as a hard fork – we will generally follow the blockchain that has the majority consensus of cryptocurrency users, and will therefore use this as the basis for cryptocurrency contracts. In order to determine which fork to support, we look at factors such as size of the network, market value and customer demand. If the hard fork results in a brand new cryptocurrency becoming tradeable on exchanges we have access to, then in our absolute discretion, we may create an equivalent position or cash adjustment on client accounts to reflect its value, however we will have no obligation to do so. When a hard fork occurs, there may be substantial price volatility around the predefined fork event, and we may suspend trading throughout if we do not have reliable prices from the underlying market.

Important:

Important: Please bear in mind that CFDs are extremely risky and there is a risk of losing part or all of the capital invested. (CFD) on cryptocurrencises is a derivative and is traded on an unregulated market, and therefore exposed to all risks relevant to derivative instruments and all risks associated with the underlying asset and its price movements. You should be aware that trading in these instruments is characterized by high volatility, lack of liquidity and widening spreads. Due to these features, an order can be executed at a price different from the one set by the customer. It is also possible that circumstances arise that may result in suspension of quotes, lack of opportunity to close positions, lack of opportunity to open new positions, and closure of all open positions of customers without prior notice, at prices set by Varchev Finance.