Crypto Accounts | FREQUENTLY ASKED QUESTIONS (FAQ)
Q. Can I use an Automated Strategy?
Unfortunately , Crypto Only plans are hosted on DXTrade, which does not support Expert Advisors or other automated strategies.
Q. How are commissions charged on Crypto Only Plans?
Commissions or commission-equivalents may be charged in connection with your trading activity. Note that cryptocurrency trading is subject to a percentage-based commission rate of 0.05% of the total notional trade volume, charged per side (USD amount * 0.0005).
Q. What is the leverage?
BTC and ETH offer 5:1 Leverage. All other products are 2:1 Leverage.
Q. What Platform can I trade on?
Crypto Only plans are are hosted on DXTrade with TradingView charts.
Q. What products can I trade?
We offer 26 different Cryptocurrency products. See the Crypto Product Spec for details.
TRADING RULES | FREQUENTLY ASKED QUESTIONS (FAQ)
Q. How do you calculate the Max Drawdown (STATIC)?
Maximum drawdown is the maximum your account can drawdown before you would hard breach your account. When you open the account, your Maximum Drawdown is set at a defined % of your starting balance. This % is static and does not trail.
Crypto Only Trading Rules| FREQUENTLY ASKED QUESTIONS (FAQ)
Q. What is the Daily Cap Limit for my crypto account?
The Daily Cap Limit is the maximum percentage of your starting balance that your crypto account can move in any given day. The Daily Cap Limit is calculated using the previous day’s equity, which resets at 5 PM EST. In the event that the assets in your account move in excess of 3% of your starting balance from your previous day’s equity in either direction, your positions will be closed out and your account will be locked until the start of the new trading day at 5 PM EST. Example: For a 100k starting balance account, with a 3% Daily Cap. If the account finishes the day, with Equity at 101k, the next day’s limits will be 101k +/- 3k (i.e. 98k – 104k).
Q. What happens if I exceed the 3% Cap Limit?
If your account exceeds the 3% gain or loss for the day, the system will automatically disable your account for trading, closing all open trades and canceling any pending orders. Trading will then be restricted for the remainder of the day.
Q. When can I start trading again after exceeding the daily Cap Limit?
Trading restrictions will be lifted at the start of the next trading day, which begins at 5:00 PM EST, or when the account falls back into the current day’s Cap Limits.
Q. When does my Daily Cap Limit reset?
At 5:00 PM EST, your account will receive new trading bands based on your equity levels at the end of the prior day. The new +/- 3% Cap Limit will be recalculated and applied to your account’s updated balance for the new trading day.
Q. Can I hold positions over the weekend?
Yes, you can hold and trade Crypto products over a weekend.
