BITPoint Margin Trading

What is a Leveraged Account?

117 views December 28, 2018 February 8, 2019 fluz-fluz-admin 1

BITPoint offers a service that allows trading using leverage. This is called leveraged Trading or Margin Trading. This service allows an increase that leverages the trading margin; is the process by which a Trader or merchant borrows money from BITPoint in order to buy or sell more crypto-assets or cryptocurrencies that the Trader is not able to pay at the time of the request. This trading margin therefore functions in some way as a short-term loan and allows the trader to increase his crypto-assets and the purchasing power he has. In addition, this can provide the opportunity to create much larger gains compared to what the Traders involved in the Market Trading would be able to generate normally.Margin Trading or leveraged transactions confer a greater profit potential than traditional trade, but also higher risks. Users who do not have a complete understanding of the operation of the leveraged transactions and the associated risk should not use the service. Users who do not wish to use the service can disable thefunctionality in the users’ settings.To become eligible to participate in leveraged transactions, you must consider the following considerations:These transactions can be executed on our website www.bitpoint.com.paand our APP BIT Point LITE.The cost of requesting or opening an account to trade with Leveraged Transactions or leveraged transactions will depend on the position in which it is opened.

 

Leveraged Trading Features
Trading tools Online Trading Tool with web response, BITPoint ADVANCE
Type of Trading Leveraged Trading
How to use You can perform margin trading with your regular BITPoint account. The configuration for the Leveraged Trading can be adjusted in the user’s configuration.
Types of orders Market order, limitorder, order of Stop Loss
Order unit 0.01 BTC
Trading pairs BTC/USD
Schedules to Do Leveraged Trading 24 hours a day and 365 days a year (except maintenance hours: 2:00 am-2: 10 am / all days) (Panama time)
Limit per order Market Order and Stop Loss Order: 30 BTC Maximum Per Order (Limit): 200BTC
Order Expiration Good Till Cancel (GTC): The order is valid until it is executed or canceled.
Leverage (x) x2 (Up to 2 times the value), x5 (Up to 5 times the Value), x10 (Up to 10 times the value), x25 (Upto 25 times the Value)
Settlement method Selected Settlement: You select which position you would like to liquidate and settle it.
Cross Order It is possible to have long and short positions simultaneously.
Exchange When a position is transferred to the next day, regardless of whether it is a purchase or sale, a swap fee is charged based on the USD-based value in your BTC position. The swap rate is as follows:BTC / USD: Long 0.15% Short 0.15%
Maximum amount per position 200BTC
Spread Floating Spread
Loss Court (Forced Execution) Executed when the maintenance index of the margin falls below 100%, the loss cut will be executed when the maintenance index of the margin falls below 100%. The customer positions with the highest loss will close until the margin maintenance ratio is recovered at 100%. Depending on the situation of the customer’s account, all positions could be closed. In situations where the price changes dramatically, you may suffer losses greater than your margin, even if the loss cut is executed.
Alert In the event that the Maintenance Margin Index falls below 120%, an alert will appear on the customer management screen and you will be notified by email.
Slippage (Sudden Drop In The Price) The “Slippage” is a difference between the executed price and the assigned price (or the displayed price) in Limit Orders, Loss Limitation Orders and Market Orders. After the sudden rise or fall of the market and / or the Internet connectivity of the client, a
“Slippage” may occur. To avoid a large difference in the price assigned, you can select a price range according to the time you place the order. It will not run more or less, than the price range you have selected.

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