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FAQ: Essential trading features

What is position netting?

When executing additional positions with the same instrument, they are added or reduced to/from the initial position opened regardless of their direction - Buy or Sell. This is called position Netting. For example, if a Sell position of 0.5 BTC with BTC/USD instrument is opened, and an additional Sell position of 0.5 BTC is executed, it will be added to the initial position resulting in a total of 1 BTC Sell position. And vice-versa. if a Buy position of 0.5 BTC with BTC/USD instrument is opened, and an additional Sell position of 0.2 is executed, it will reduce the initial position resulting in a total of 0.3 BTC Buy position.

What will be the open price of my net positions?

Open Price of net positions is a weighted average open price of all positions combined. For example: If a Buy position for 1 BTC with the BTC/USD instrument is opened at the price of $20,000, and an additional Buy position for 1 BTC is executed with the same instrument (BTC/USD) at the price of $30,000 – the net position will be a total of 2 BTC at the weighted average open price of $25,000.

What is the difference between Cross and Isolated Margin?

Cross margin is a type of margin that is shared between all open positions. When choosing this type of margin, Leverage is applied automatically in accordance with your order size and cannot be set manually. Isolated margin is a type of margin that is segregated for a specific order or position. When choosing this type of margin, you can adjust and select Leverage that will be applied to your order. When adjusting Margin type or Leverage for the selected instrument in the Place Order section, the trading conditions change and apply to the whole net position after placing the order.

How are my orders executed?

Orders are executed in accordance with the factual Order book prices. Unlike in the old trading platform where orders are executed by Bid/Ask quotes received from liquidity provider.

Is margin reserved for Stop orders?

No, margin is not reserved for Stop orders as they are not placed in the Order book towards market making.

Is margin reserved for Limit orders?

Yes, margin is reserved when placing Limit orders, i.e. towards market making. For example: If a Limit order size 1 BTC with the BTC/USD instrument is placed in the Order book, a margin reserve of 0.0005 BTC will be applied, regardless if the Limit order was executed or not.

Is there a difference between market maker / taker fees?

Yes, market maker and market taker fees may differ. Particularly, when trading with Crypto instruments, market makers receive a commission of 0.01% from the order size at the moment, instead of paying it.

How often is the Overnight Financing charged?

Overnight financing is charged 3 times a day, i.e. every 8 hours within the 24-hour period (1 calendar day). The financing rate corresponds to the factual moment of charge (not daily, annually, etc). The Contract Specification section of your workspace reflects the current financing rate due.