In the financial market, cryptocurrency always encounters vast and volatile price swings which make them the perfect instrument for traders who look to capitalise on large and fast movements. Trading with Anzo Capital, you are able to speculate on the prices of cryptocurrencies without directly purchase the underlying assets. Anzo Capital allows you to trade a wide range of fast-growing cryptocurrencies: Bitcoin, Litecoin, Ripple and Ethereum.
|Instruments||Ethereum USD||Bitcoin USD||Litecoin USD||Ripple USD|
|STP/ECN Target Spread||6||50||1.5||0.009|
|Min. Trade Size||0.01||0.01||0.01||0.01|
|Max. Trade Size||15||15||15||15|
|Min. Stop Level (Points)||200||500||100||50|
|Trading Hours||Monday – Friday (00:00 – 23:59)
*Our Server Time is set to GMT+3 during DST
Margin Requirement is an initial deposit required to maintain open positions. A portion of your trading account amount will be set aside as a margin deposit and this will be dependent on your leverage setting.
Margin requirement for one standard contract position in BTCUSD at 6483.19 with a leverage of 1:100 is calculated as follows:
Margin= lot size * contract Size * Market Price * Margin Requirement
Margin = (1 * 1 * $6483.19) * 0.1 = $648.32
Margin Call is a measure set by the brokerage to alert traders before their account funds fall below the Margin Requirement. This will prevent positions from liquidation due to insufficient Margin Requirement. At Anzo Capital, Margin Call is set at 80%, therefore, if your Equity (Balance – Open Positions Profit/Loss) falls below 80% of the margin required to maintain your positions, a notification within MT4 will be sent to alert you to make additional deposit to maintain your open positions.
If you are unable to maintain sufficient funds in your account after hitting the Margin Call level, and your account funds depreciates to the Stop Out level, your positions will be closed automatically to prevent further losses into the negative territory. At Anzo Capital, Stop Out level is set at 50%.
It is a rollover interest (that is earned or paid) when traders hold their positions overnight. The interest for positions held over the weekend will occur on Wednesday. Therefore, the interest applied will be for three days of rollover interest.
** Updated rates shall be shown within the trading platform.
** For more details of the Product/Instruments we currently offer, please log into your trading account. We may update the products offered via our platform from time-to-time.