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Ether vs Bitcoin (ETH/BTC)

Ether and Bitcoin are two of the most popular cryptocurrencies with biggest market cap. ETH/BTC is a crypto-cross pair which represents the value of Ether relative to Bitcoin.

Trading Hours

Please click here for trading hours.

Please note, however, that hours are subject to change based on Daylight Savings Time. Any holiday hours will be posted on here.

Spread

The ETH/BTC has variable spreads that will widen and narrow subject to market conditions.

Max Contract Size

The maximum number of contracts per click (trade) for ETH/BTC is 100

Minimum Pip Cost (Value)

ETH/BTC as a minimum value of 0.0001 BTC per point (Your per point value may be different if your account is denominated in a different currency. Please refer to the Simple Dealing Rates Window in Trading Station for this value).

The pip/point location is shown below. Each 0.001 price movement on ETH/BTC is 1 pip/point.

Number of FXCM Contracts equal to one Ether

10 FXCM ETH/BTC contracts are currently equivalent to one Ether.

Margin Requirements

ETH/BTC Margin Requirements are updated shortly after market open (Sunday 18:00 ET) and then updated daily between 17:00 ET to 18:00 ET

ETH/BTC is leveraged at 4:1 and the new margin requirement will be the equivalent of half the notional value of 1 contract at 5pm EST.

For E.G if the ETH/USD rate is 3000.00 between 17:00 ET to 18:00 ET, the Margin Requirement for one contract will be updated to $75.00 USD

ETH/BTC is a volatile instrument and in the event that there is a significant intraday market move, margin requirements may be updated intraday

Overnight Funding

ETH/BTC does have an overnight funding charge (Displayed as Rollover in the Trading Station Platform).

The current overnight funding rate is 0% (annually) for short positions and -25% (annually) for long positions and is 3x on Fridays.

Trade Restrictions

FXCM allows long and short trading on all our trading catalog. However due to the high volatility and low liquidity when trading crypto currencies, there may be instances where new positions are unable to be opened on ETH/BTC. During any period in which ETH/BTC has a trading restriction applied, any market orders or triggered pending entry orders will be rejected and deleted. Pop ups will appear on your screen informing of the reason for the rejection.

Any restrictions are temporary and will only impact your ability to enter trades.

You will still be able to close open positions.

Other Information

ETH/BTC does not have a minimum stop distance
Stops and Limits are currently only able to be set at 50% of the rate.
ETH/BTC is not available on MT4 accounts

Risk Warning: Our service includes products that are traded on margin and carry a risk of losses in excess of your deposited funds. The products may not be suitable for all investors. Please ensure that you fully understand the risks involved.

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