How can we help?

Tezos (XTZ/USD)

Tezos is a decentralized ledger that makes use of blockchain technology. Tezos takes the smart contract concept one step further by letting participants directly control the rules of the network.
This is achieved through consensus using proof-of-stake. Tezos uses an on-chain governance model that enables the protocol to be amended when upgrade proposals receive a favorable vote from the community.

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.

XTZ/USD has variable spreads that will widen and narrow subject to market conditions.

Min/Max Contract Size
Contracts are only available in multiples of 10.
The Minimum number of contracts per click (trade) for XTZ/USD is 10.
The Maximum number of contracts per click (trade) for XTZ/USD is 10,000.

Minimum Pip Cost (Value)
XTZ/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 XTZ/USD is 1 pip/point.

Number of FXCM Contracts to one Tezos.
1 FXCM XTZ/USD contract is currently equivalent to one Tezos.

Margin Requirements
XTZ/USD Margin Requirements are updated shortly after market open (Sunday 18:00 ET) and then between 17:00 ET to 18:00 ET daily.
XTZ/USD is leveraged at 4:1 and the new margin requirement will be the equivalent of a quarter of the notional value of 1 contract at 5pm EST.
For E.G if the XTZ/USD rate is 2.0000 between 17:00 ET to 18:00 ET daily, the Margin Requirement for one contract will be updated to $0.50 USD
XTZ/USD is a volatile instrument and in the event that there is a significant intraday market move, margin requirements may be updated intraday

Overnight Funding
XTZ/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.

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 XTZ/USD.

During any period in which XTZ/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.

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

${} / ${getInstrumentData.ticker} /

Exchange: ${}

${} ${getInstrumentData.divCcy} ${getInstrumentData.priceChange} (${getInstrumentData.percentChange}%) ${getInstrumentData.priceChange} (${getInstrumentData.percentChange}%)

${getInstrumentData.oneYearLow} 52/wk Range ${getInstrumentData.oneYearHigh}