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Bitcoin and Ethereum CryptoCurrency CFDs

Starting from May 7th, 2018, Directa adds to its offer on the LMAX market the CFD contracts on two cryptocurrencies: BITCOIN and ETHEREUM.

• They are traded in micro-lots: quantity 1 corresponds to 1 cent of Bitcoin or Ethereum.
• The maximum investment allowed per instrument is €50,000.
• The trading fees are at 3 per thousand of the value of the underlying asset, with a minimum of € 0.01 (1 cent of a euro).

Bitcoin CFD
ticker	margin	overnight rate (borrowed)
XBTUSD	50% of the total value	Long: 18% + LIBOR USD 1 month Short: 18% - LIBOR USD 1 month

Ethereum CFD
ticker	margin	overnight rate (borrowed)
XETUSD	50% of the total value	Long: 18% + LIBOR USD 1 month Short: 18% - LIBOR USD 1month

Let's see an example, assuming a Bitcoin value of 9,000 euros:

value of 1 contract	withheld margin	commissions
90 euros	45 euros	0.27 euros

Trading operations

The cryptocurrency trading is a non-stop continuous exchange, from 23:05 on Sunday to 21:50 on Friday.

WEEKLY CLOSING: On every Friday (or pre-holiday) at 21:50 pm, with order cancellation and automatic closing of open positions at 21:50 pm; after the automatic revocation it will be possible to re-issue the orders starting from 24:00:01 on the same Friday, the new orders will be valid starting from 23:05 on Sunday.