Cryptocurrencies are not available for Retail Clients.
Chainlink (LINK) is an Ethereum token that powers the Chainlink decentralized oracle network. This network allows smart contracts on Ethereum to securely connect to external data sources, APIs, and payment systems. The network is intended to be used to facilitate the transfer of tamper-proof data from off-chain sources to on-chain smart contracts.
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.
LINK/USD has variable spreads that will widen and narrow subject to market conditions.
Min/Max Contract Size
The Maximum number of contracts per click (trade) for LINK/USD is 700.
Minimum Pip Cost (Value)
For 1 contract LINK/USD has a minimum value of $0.01 USD 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 0.01 price movement on LINK/USD is 1 pip/point.
Number of FXCM Contracts to one Chainlink.
1 FXCM LINK/USD contract are currently equivalent to one Chainlink.
LINK/USD Margin Requirements are updated shortly after market open (Sunday 18:00 ET) and then between 17:00 ET to 18:00 ET daily.
LINK/USD is leveraged at 2:1 and the new margin requirement will be the equivalent of half of the notional value of 1 contract at 5pm EST.
For E.G if the LINK/USD rate is 10.000 between 17:00 ET to 18:00 ET daily, the Margin Requirement for 1 contract will be updated to $5.00 USD
LINK/USD is a volatile instrument and in the event that there is a significant intraday market move, margin requirements may be updated intraday
LINK/USD 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.
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 LINK/USD.
During any period in which LINK/USD 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.
LINK/USD does not have a minimum stop distance
Stops and Limits are currently only able to be set at 50% of the rate.
LINK/USD is not available on MT4 accounts