Multi-collateral Derivatives contracts for EEA clients

For information on collateral currencies for EEA clients, please visit our article here.

The Holding wallet exists to allow the separation of funds from your active trading wallets. See: 

Order Types

Advanced order options such as Stop Loss and Take Profit orders, Trigger Entry orders and options such as Maker Only, Reduce Only and Immediate or Cancel are available for all wallet types. See Order Types.

Margin Schedule Our margin schedule increases the required maintenance margin as a position is increased in size. This helps reduce risk for both traders and the trading system itself. See Margin schedule and maximum leverage

Assignment Program & Equity Protection Process

Our Assignment Program & Equity Protection Process ensures no account will ever hold a negative balance after liquidation. Liquidity providers are given the opportunity to take on unfilled liquidation orders which can have favourable entry prices. For detailed information, see:

Trading Fees:

The trading fees applied are determined by the last 30 days of trading volume, please see the fee schedule. Higher volume traders obtain lower fees. Trading fees are the same for Multi-Collateral contracts. 

Funding Rate:

The funding rate is a dynamic user-to-user transfer determined by the premium of a perpetual contract over or under the index price. The funding rate is charged for Multi-Collateral perpetual derivatives contracts with the same formula, however the rates may differ on assets with pairs in both markets due to differing market conditions.The funding rate is debited/credited in different currencies depending on the contract traded:

For more details on the calculation of the Funding Rate see our contract specifications article.

Haircuts:

All collateral currencies within the Multi-Collateral wallet have value haircuts with the exception of USD.

Further details on haircuts are available on Derivatives Collateral Currencies.

Cash Conversion Rates & Fees:

Cash conversion rates and fees only apply to funds and positions in the Multi-Collateral wallet. As this wallet allows for multiple assets to be used as collateral, margined in real-time in USD terms, there is a need to constantly assess the USD value of all currencies held in the wallet to determine portfolio value, position values and liquidation levels. All profit and loss in the Multi-Collateral wallet is booked in USD. There may arise the need for currency conversions to USD when realizing losses if the wallet does not hold any or enough USD as collateral.

Funds will be converted and charged a conversion fee in the following scenarios:

The profit payout currency for the Multi-Collateral wallet is USD by default but can be manually changed to any of the available collateral currencies. Losses are always realized in USD and conversion fees will apply to losses when there is insufficient USD as collateral to cover.