Can I trade cryptocurrency?
Alpari supports a range of popular cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), and others. You can check full information on Crypto trading in this article.
Supported Cryptocurrencies
Cryptocurrencies are available to trade on ECN MT4& and Pro ECN MT4 MT5 trading accounts. We offer access to a carefully curated selection of the most popular and widely traded cryptocurrencies. This includes Bitcoin (BTC), Ethereum (ETH), and other prominent digital assets. You can find information on the available crypto CFD instruments at our Contact Specification page.
Trading hours
Cryptocurrency trading is accessible every day, including weekends, with designated break times that vary based on the platform and the specific day of the week.
MT4
MT5
Daily 00:00 - 00:05
Daily 00:00 - 00:05
SAT 10:00 - 16:00
SAT 10:00 - 14:00
SUN 03:00 - 04:00
SUN 22:00 - 22:10
SUN 22:00 - 22:10
Unlike most financial instruments we offer such as currency pairs and indices, cryptocurrencies can be traded and have multiple recesses (Closure) on the weekend.
Note: the mentioned times are server time, you can convert the specified time to your local time period to find the time in your region. Check out the article on our server time zone in Alpari.
During recess or when markets are closed modifications cannot be made to existing positions or opening new positions.
Commission on trading Crypto
Commission for trading crypto is 0.03% of the notional value of the trade on all account types. For example, you want to open a 0.01 order of Bitcoin at a price 6000:
- Bitcoin Price = 66000
- Contract Size = 1
- Leverage = 500
- Tier Comm = 0.03%
- Volume = 0.01
Commission = Volume x Contract Size x %Tier Commission x Price x 2 =
0.01 * 1 * 0.03/100 * 66000 * 2 = 0.396 USD
Leverage and Margin Requirements for Crypto
We offer floating leverage for cryptocurrency trading, which allows you to control larger positions with a smaller initial investment. Be aware that leverage trading involves increased risk, and margin requirements can vary depending on the cryptocurrency you choose to trade.
Have more questions?
Call us on: +44 2045 771951 or engage with our chatbot.