One contract means
|Value of one full point (CFDs)||
Min margin requirement (per contract)
|Bitcoin USD||BTCUSD||1 BTC||$1||40%|
Bitcoin Cash (USD)
|Bitcoin Gold (USD)||BTGUSD||1 BTG||$1||50%|
Please note that in times of high volatility, our minimum spreads can increase significantly.
Please note that Bitcoin markets close at 8am on Saturday AEDT, then reopen on Saturday at 2pm AEDT.
Overnight funding charges
Our daily overnight funding rate is currently 0.034% for bitcoin (12.5% per annum), and 0.055% for all cryptocurrency markets (20% per annum). At present, clients with a long position will pay this overnight funding rate, while clients with a short position will receive on the overnight funding rate. In addition, a 7.5% per-annum IG admin fee will also apply for both long and short positions.
What will this mean for my positions?
- If you are long bitcoin, you will pay an overnight funding charge of 0.0548% a day (20% per-annum) for any position that is open at 10pm (UK time).
- If you are short bitcoin, you will receive an overnight funding adjustment of 0.0136% a day (5% per-annum) for any position that is open at 10pm (UK time).
- Holding a position in our other cryptocurrency pairs would result in you paying an overnight funding charge of 0.0764% when long (27.5% per annum), and receiving an adjustment of 0.0347% when short (20% per annum).
We will review our overnight funding charges frequently, and update our website and contract details with the latest rates.
Please note that for any position opened before 10pm (London time) Wednesday that is still open after 10pm (London time) Wednesday, the daily interest credit or debit will be made for three days as opposed to one. This three-day adjustment covers settlement of trades over the weekend period. Adjustments will also be made in advance of Christmas and New Year holidays.
|Overnight funding for long bitcoin position||Overnight funding for short bitcoin position|
|Long 2 lots on Bitcoin USD ($1), which is currently trading at a price of 15000.
(2 x 15000 ) x 0.0548% = $16.44.
Client will be charged $16.44 funding per day.
|Short 2 lots on Bitcoin USD ($1), which is currently trading at a price of 15000.
(2 x 15000 ) x 0.0136% = $4.08.
Client will receive $4.08 funding per day.