CryptoAltum, a popular MT5 platform, executes trades using market execution with all trades filled at the best available price in the market. The company uses Fill or Kill orders meaning orders are filled entirely at the best available price, with no partial fills and a 100% execution rate.
Fills All Trades Automatically
The company fills all trades automatically with no dealing desk intervention. Traders can enter and liquidate positions at any time. The maximum amount of open orders users can have on their accounts include having up to 200 open trades and 30 pending orders, providing your overall exposure does not exceed our maximum of USD 1,000,000. Margin call is at 150% and stop out level is 100%.
The company’s servers are located in London. The company also uniquely has a 24/7 support team available on Whatsapp, Messenger, Telegram, and Line.
CryptoAltum also differentiates itself by providing full market depth available on MT5 for all instruments. To further demonstrate pricing transparency, tick data requests are available from the CryptoAltum risk team. The platform also not only provides exposure to cryptocurrencies but also to Forex, Gold, and Indices.
Professional traders may also note that the minimum lot size and maximum lot size for each crypto trading pair varies as does the volume limit. There are some interesting crypto pairs that users can bet against for example XRPEUR and BNBJPY.
For crypto pairs involving the prices of BTC, XRP, DASH, LTC, BCH, ETH, EOS, and XMR, there is a maximum limit of $1,000,000 per trading pair and as the volume in USD increases, the margin requirements increase as well. For example, for volume less than $10,000, margin is 0.2% but as volume surpasses $200,000, the required margin rises to 5%. The 1:500 leverage that CryptoAltum offers is the highest leverage offered globally on CFD products.
For crypto pairs that involve ADA, BNB, BSV, and TRX, the max limit per crypto pair is lower at $300,000 and the volume limits for increased margin are also lower with any volume that surpasses $80,000 requiring users to put up 5% margin as opposed to 0.2% margin on the lower end.
Fees that users will face will be on financing long or short positions and will be calculated by the lot size multiplied by the financing points which change from the liquidity providers on a daily basis. Cryptocurrency financing fees are applied every four hours, and daily for FX and indices. The longer that positions remain open, the higher the Financing rates. The historical buy and sell premiums per lot on cryptocurrencies range from -.0114% to -.0186%.
Main Takeaways
CryptoAltum, based in the Republic of the Marshall Island, does not require KYC or employ any onchain surveillance technologies, assuring traders of privacy and anonymity. This is useful for even novices who may want to utilize the platform to gain exposure to CFD’s without revealing personal information.
The 1:500 leverage offering means a minimum 0.2% margin whereas other competing platforms such as TradeDirect365 may require 40% margin requirements for cryptocurrencies. This allows traders who have the right market intuition to make higher profits on trades that they have conviction on that end up panning out.
Overall, CryptoAltum has interesting features in its wide variety of cryptocurrencies, Forex, gold, and Indices markets, its transparent fee structure, and its willingness to offer traders the highest leverage on their trades.
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The post CryptoAltum, The CFD Trading Platform With 1:500 Leverage appeared first on Bitcoin News.
Source: Bitcoin.com
