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 7am on Saturday AEST, then reopen on Saturday at 1pm AEST.
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).
Please note that for any position held through 10pm (London time), we’ll make a daily interest credit or debit adjustment Monday to Sunday. Adjustments to the number of days charged will be made in advance of the Christmas and New Year holidays, to cover settlement of trades over these bank holidays.
We review our overnight funding charges frequently, and keep our website and contract details updated with the latest rates.
|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.