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Cryptocurrencies
What is a cryptocurrency?
Cryptocurrency is a type of digital currency that is made to be protected and, mostly, secret. It is a digital money connected with the internet technology that relies on cryptography, the method of converting readable information into a practically illegible code, which is hard to decipher, to track transactions and online purchases.
The first and best-known Cryptocurrency was Bitcoin that was designed in 2009. There has been a rapid increase in numbers of Cryptocurrencies in the last decade and there are now over 950 available Cryptocurrency on the internet.
IMMFX is offering global traders the opportunity to Profit, by taking advantage from price movements of Cryptocurrencies in the financial market.
Don’t let this possibility pass you by!
- Register and Open your trading Account. It takes only 5 minutes to register and open a trading account.
- Deposit funds. Choose a secure payment method that suits you. Minimum deposit starts from just $50.
- Choose which Cryptocurrency you wish to trade. You can trade Cryptocurrencies 24/5.
Why trade cryptocurrencies?
- Due to their high volatility and rapid price movements, Cryptocurrencies offer great potential opportunity for investment and speculation.
- The value of Bitcoin increased over 370% from the beginning of 2017.
- Because of their fast price movements, Bitcoin, Ethereum, or Litecoin are ideally known for potentially high returns on investment.
- IMMFX is pleased to be offering a FREE trial of the popular MT4 platform.
- Trade the financial markets in just minutes
- A choice from a variety of CFD instruments: Stock Market Indices and Energies.
- Have 5 markets in 1 platform. Trade CFDs on Forex, Indices, individual shares, Metals & Energy and Cryptocurrencies on the same Trading Platform.
- IMMFX guarantees low-cost and low-margin trading.
- 24 hours a day, 5 days a week, giving you the opportunity to open and close positions flexibly.
Cryptocurrency trading contract specifications
Trade CFDs on Bitcoin, Ethereum, Litecoin, and the most active Cryptocurrencies, with a 20% margin and no swap (interest). Trade 1 lot for 1 Coin on both rising and falling markets, with a commission of 0,8% or 0,008 of the trade/notional value, as well as easy profit and margin calculations:
Margin * = number of lots × market price × 20%
Commission = number of lots × market price × 0,008
Profit = (close price – open price) × number of lots
*Note: If margin or commission is in a currency other than USD, then it will be converted to USD on the Platform automatically.
Crypto
Cryptos – Alt
Cryptos – SmlCap
Cryptos – Alt2
Margin example
Margin for Indices will be calculated as the following:
Margin = number of lots × market price × 20%
Example (1): Margin requirement for 1 lot of ETHUSD at (262.494) = 1 lot × 262.494 × 20/100 = USD 52,4988
Example (2): Margin requirement for 1 lot of BTCUSD at (9200.30) = 1 lot × 9200.30 × 20/100 = USD 1840,06
Example (3): Margin requirement for 1 lot of LTCUSD at (47.177) = 1 lot × 47.177 × 20/100 = USD 9,4354
Please note that you can’t change leverage on indices from your BackOffice my.immfx.com
Profit calculations
Profit for all Cryptos shown above will be calculated as the following:
Profit = (close price – open price) × number of lots
Example (1): If you bought 1 lot of BTCUSD at 9200 and you managed to close your trade at 10000, then your profit will be (10000-9200) × 1 lot = $800.
Example (2): If you bought 1 lot of LTCUSD at 47.177 and you managed to close your trade at 80.155, then your profit will be (80.155-47.177) × 1 lot = $32.978.
Please note that losses are calculated in the same manner.
The profits or losses shown above do not include any commission that IMMFX takes per trade.
Commission calculations
Commission = number of lots × market price × 0,008
Example (1): If you bought 2 lots of BTCEUR at 8200: Then the commission is: 2 × 8200 × 0,008= 131.2 EUR and will be converted to USD automatically on the platform.
Trading hours
Server Time is subject to Daylight Savings Time (DST), which begins on the last Sunday of March and ends on the last Sunday of October.
Winter: GMT+2
Summer: GMT+3 (DST)
Message us
If you have any questions or concerns, feel free to leave us a message and we'll get back to you as soon as possible. We look forward to hearing from you!
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IMMFX.COM is a trading name of IMM GROUP LTD. The company is registered as an International Business Company (IBC), with reference no. 118416 (IMM GROUP LTD) under the Laws of The Republic of the Marshall Islands.
DISCLAIMER: High Risk Investment Warning: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Please read IMMFX’s full risk disclosure.
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