|Market||Spread from||Trading hours||Min. /max. trade size*||Unit risk||One point move example||Margin|
|Bitcoin||10||24 hours||1/based on market||0.1||2617.3 to 2617.4||20%|
|Ethereum||2||24 hours||10||0.1||302.35 to 303.35||20%|
Overnight daily financing on Bitcoin and Ether is 0.138%
*While we have a maximum trade size for individual trades, there is no limit on the combined size of trades you can have on any market, subject to available margin funds.
InterTrader’s policy on blockchain forks
Cryptocurrency trading carries additional risks such as hard forks or discontinuation. You should familiarise yourself with these risks before trading these products.
As a No Dealing Desk provider we base our prices for Bitcoin and Ether on the underlying market. Any events affecting the underlying market will directly affect clients’ accounts.
Bitcoin has already undergone a hard fork on 1 August 2017 with the creation of the Bitcoin Cash blockchain. This event took market participants by surprise and is a clear example of the added risk of trading cryptocurrencies. At the time we allocated Bitcoin Cash contracts in a 1:1 ratio to clients with open positions on Bitcoin.
In the event of a hard fork we will follow the blockchain that receives the majority consensus and volume of users. Where a viable new cryptocurrency is established as a result of the fork, we may at our discretion allocate the equivalent contracts, or make cash adjustments to clients’ accounts, for clients with open positions. We nevertheless have no obligation to do so.
Due to the constraints of the underlying market, when InterTrader cannot secure reliable execution of trades we may be forced to suspend trading. We will only offer these products when we can give you reliable pricing and liquidity.
Spread betting and CFD trading are leveraged products and as such carry a high level of risk to your capital which can result in losses greater than your initial deposit. These products may not be suitable for all investors. CFDs are not suitable for pension building and income. Ensure you fully understand all risks involved and seek independent advice if necessary.
InterTrader is a trading name of InterTrader Limited which is owned and controlled by GVC Holdings PLC. InterTrader Limited is authorised and regulated by the Gibraltar Financial Services Commission and registered with the Financial Conduct Authority in the UK, ref 597312. Registered address: Suite 6, Atlantic Suites, Europort Avenue, Gibraltar.