One of the biggest advantages of choosing to trade CFDs is the leverage it offers. This allows SLG clients to hold larger positions than you would if you were to buy the cryptocurrency itself. This means that there is potential for higher profits too.
Furthermore, cryptocurrency CFDs offer long or short exposure to the market allowing clients to profit as the price of a cryptocurrency falls. If you expect the price to drop, you can open a “sell” or “short” order. If you expect the price to rise, you do the opposite.
Another big advantage is the speed, which is instantaneous. When trading cryptocurrency CFDs, you don’t need to wait for an order to be filled or for the currency to even be transferred to your account. You are trading a contract, which can be executed immediately.
With CFDs, you also get to trade crypto using traditional fiat currency. This means you don’t need to buy crypto currency before trading. You don’t even need to own any cryptocurrency.
-
Low transaction cost
-
Highly liquid market
-
Low correlation to other markets
-
Extreme volatility
-
Profit as the market rises or falls
-
Zero commissions reduce cost of trading
-
Ability to hedge exposure to cryptocurrency
-
High leverage can magnify your returns
Trading goods | BTCUSD | BCHUSD |
---|---|---|
Transaction time (Beijing time) |
06:01-04:59 am next day (Monday)
05:05-06:00 and 06:01-04:59 am the next day (Tuesday to Thursday)
05:05-06:00 and 06:01-04:55 am next day (Friday) (summer)
|
06:01-04:59 am next day (Monday)
05:05-06:00 and 06:01-04:59 am the next day (Tuesday to Thursday)
05:05-06:00 and 06:01-04:55 am next day (Friday) (summer)
|
07:01-05:59 am next day (Monday) 06:05-07:00 and 07:01-05:59 am the next day (Tuesday to Thursday) 06:05-07:00 and 07:01-04:55 am next day (Friday) (winter)
|
07:01-05:59 am next day (Monday) 06:05-07:00 and 07:01-05:59 am the next day (Tuesday to Thursday) 06:05-07:00 and 07:01-04:55 am next day (Friday) (winter)
|
|
Settlement time (Beijing time) | 06:00 am every week | 06:00 am every week |
Unit | 1BTC | 1BCH |
Minimum price fluctuation | US $0.01 | US $0.01 |
Minimum transaction volume | 0.01 | 0.01 |
Bid ask spread | 2000 points | 500 points |
Unit handling charge | $50 per contract | $50 per contract |
initial margin | $3000 / standard contract (up to $5000 on weekends and holidays) Note: the company has the right to change the standard of basic margin according to the market situation |
$2000 / standard contract (up to $4000 on weekends and holidays) Note: the company has the right to change the standard of basic margin according to the market situation |
1、Using multiple computers for the same account / using multiple accounts for the same customer to conduct abnormal [intensive trading], misleading information intended to cause huge turnover in the market
2、The customer directly or indirectly uses any computer plug-in software or damaging tools not released by the company
3、Abnormal [intensive trading] within a short period of time in the same account
4、In a short period of time, the number of traders in the same account changes abnormally, and abnormal [intensive trading] is carried out. In addition to the above definition, if a suspected abnormal trading account is found, the company may further review it and list it on the frozen list
**SLG Markets reserves the right of final interpretation**
(2) Methods for handling abnormal transactions:
1、Abnormal transaction customers: if the company initially determines that there is abnormal transaction in the account, the transaction and capital flow in and out of the account will be frozen, and the investigation will be conducted for 15-30 days. After the investigation, if it is confirmed that there is abnormal transaction, the customer shall apply for account cancellation within 3 working days, and after completing the procedures, the customer shall, The company will refund the balance of the account (excluding any profits arising from abnormal transactions)
2、If the company deducts the compulsory closing loss caused by the cost of abnormal transaction in the abnormal transaction account, the customer shall be responsible for the loss
3、Vanuatu's financial laws have very strict provisions on "money laundering"; abnormal transaction accounts are very easy to violate the supervision of Vanuatu's "prevention of money laundering" Ordinance. Once the regulatory authorities are involved in the investigation, our company will actively cooperate with the company and have the right to freeze the accounts of suspected abnormal transactions, Until the audit is completed. After the relevant account is frozen, any funds in and out will be suspended in real time and no transaction will be allowed until the audit process is completed. All expenses and profits involved in abnormal transactions will not be released without prior notice
**SLG Markets reserves the right to modify the terms and conditions; the company will adjust the relevant rules from time to time, and any changes will be made without prior notice**
*be careful:
1. In order to facilitate customers to calculate profit and loss and settlement, each btcusd contract has a fixed value of US $0.05 per point, and each bchusd contract has a fixed value of US $0.1 per point. Each point refers to the minimum range of quotation in the contract. Take btcusd as an example, assuming that the market quotation is 10000.25/10020.25, when the price rises to 10000.26/10020.26, it rises by 1 point
2. Every Monday, after the resumption of the holiday market and after the daily settlement, the opening price will be set at the first price after the resumption of the market. All the prices received will be subject to this price, and the customer shall have no objection;
3. Generally, the bid ask spread is fixed. In case of special circumstances, the company has the right to adjust the bid ask spread;
4. The company has the right to change the level of basic margin according to the market situation.
In its simplest definition, Free Margin is the money in a trading account that is available for trading. To calculate Free Margin, you must subtract the margin of your open positions from your Equity. The equity is the balance plus or minus the floating profit and loss.
*Note: the client should pay attention to the funds in the account. If necessary, please adjust the position of the account in time or increase the available free margin one working day in advance
HedgingA perfect hedge is a position undertaken by an investor that would eliminate the risk of an existing position, or a position that eliminates all market risk from a portfolio. In order to be a perfect hedge, a position would need to have a 100% inverse correlation to the initial position. A partial hedge is a position that has been hedged in part and not in its entirety. This will reduce, but not eliminate, adverse movements to the position being hedged.
*Note: Hedging often increases investment cost.
Margin LiquidationIn the foreign exchange market, the liquidation level is the pre-determined level, commonly known as a margin call, at which an automatically-triggered liquidation process will begin. This value is based on the specific amount of funds in a trader's margin account below which the liquidation of the trader's positions is triggered and executed at the prevailing market rates.
Typically, the liquidation level is expressed as a percentage value of the assets in a trader's margin account. If a forex trader's positions go against them, their account will eventually reach the liquidation level, unless the trader injects additional funds. Another name for liquidation level is liquidation margin. These types of forced sales of positions to meet margin requirements do not require customer approval.
Weekend and holiday compulsory closing margin ratio is 100%. If the margin ratio in the account is 100% or less, the system will close the position from the contract with the largest loss in the account in turn after the market closes, until the margin ratio in the account recovers to more than 100%. After the opening of the market on weekends and holidays, the margin ratio of forced closing positions will be restored to 20%. If the account is fully locked, the margin ratio should be more than 100% on weekends and holidays
At the time of daily settlement (00:00 GMT), the rollover fee will be calculated for all open positions of clients. The rollover fee is based on the overnight bank rates in the jurisdictions pertaining to open positions. Some trades may attract positive rollover and any futures contracts which can be identified by the closing date on the instrument will be free from rollover charges.
*Note: after the market closes on Friday, if there are open positions in the customer's account, the rollover fee for three days (Friday, Saturday and Sunday) will be charged. If the market is closed on the day of international holiday, the customer will pay the inventory fee for the day of holiday. In response to market changes, all changes in inventory fees shall be subject to change.
Profit calculation(change in price x contract unit x contract quantity) - rollover = profit / loss
Limit/Stop OrdersA limit/stop order is a type of order to purchase or sell a security at a specified price or better. For buy limit orders, the order will be executed only at the limit price or a lower one, while for sell limit orders, the order will be executed only at the limit price or a higher one. This stipulation allows traders to better control the prices they trade.
By using a limit order, the investor is guaranteed to pay that price or less. While the price is guaranteed, the filling of the order is not, and limit orders will not be executed unless the security price meets the order qualifications. If the asset does not reach the specified price, the order is not filled and the investor may miss out on the trading opportunity.
A stop order is an order to buy or sell a security when its price moves past a particular point, ensuring a higher probability of achieving a predetermined entry or exit price, limiting the investor's loss or locking in a profit. Once the price crosses the predefined entry/exit point, the stop order becomes a market order.
Buy Limit -- When the market price falls to the preset price, the system will automatically execute the order to buy the specified number of futures contracts and establish a new position
Sell Limit -- When the market price rises to the preset price, the system will automatically execute the order, sell the specified number of futures contracts and establish a new position
Buy Stop -- The preset price in the stop loss order is higher than the current price. When the market price rises to the preset price, the system will automatically execute the order to buy the specified number of futures contracts and establish a new position
Sell Stop -- The preset price in the stop loss order is lower than the current price. When the market price falls to the preset price, the system will automatically execute the order to sell the specified number of futures contracts and establish a new position
Note: the above four kinds of registered orders are only accepted and preset to be valid in the current week. Unsettled registered orders will be automatically cancelled on Friday. (automatic cancellation before holidays or early market closures).
Stop loss / Take profit -- When an open position contract is held in a customer's account, the customer can set a stop loss / take profit for the open position contract to lock in the expected profit / loss. All stop losses / take profits are only accepted when the market is open (check market times).
Customers can also set OCO (one cancel other) price limit orders. OCO price limit orders set both profit and loss limit orders for open positions. When one of the profit or loss limit orders is closed, the remaining profit or loss limit orders will be invalid
Note: the price limit list of crude oil and natural gas will only be accepted at a minimum distance from the current price. The distance is 20 pips on the Dollar index. The distance is 50 cents on oil contracts. In general, the distance of limit order is fixed. In case of special circumstances, our company has the right to adjust the distance
Market Gaps
Gapping occurs when the price of a stock, or other asset, opens above or below the previous day's close with no trading activity in between. A gap is the area of discontinuity in a security's price chart. Gaps may materialize when headlines cause market fundamentals to change rapidly or during hours when markets are typically closed; for instance, the result of an earnings call after-hours. Under normal circumstances, the company will approve any trade orders (stop losses. take profits, limit orders, stop orders) made by the customer according to the market conditions. If the market moves beyond the price specified by the customer due to the gap up or down, the transaction will be executed according to the first price after the gap. If execution of orders will bring the account to below 100% margin orders will be automatically cancelled. However, the company will still reserve the final approval right for the price limit set by customers
The company has the right to adjust the trading rules according to the market conditions, which will take effect immediately after being published on the company's website. The company reserves the final right to interpret the above trading rules.
This information does not constitute solicitation, offer, recommendation, purchase or sale of any investment product. Leveraged trading is a high-risk investment transaction, and you may lose part or all of the investment principal. Before making a transaction, please carefully consider your investment objectives, experience and risk tolerance, so as to decide whether this kind of investment is suitable for you.