BTCUSD (Bitcoin / US Dollar) Trading on MT5 at XM

At XM we offer BTCUSD (Bitcoin / US Dollar) as a cash CFD on the MT5 platform. Our cash CFDs are undated transactions that aim to replicate the cash price of the underlying instrument, and so they are adjusted for interest.

Open a Demo Account
Open an MT5 Account

Risk warning: FX and CFD trading involves a high risk of loss.

About BTCUSD (Bitcoin / US Dollar) Trading

BTCUSD (Bitcoin / US Dollar) is considered to be the most popular digital currency. Bitcoin is a cryptocurrency (also known as a digital asset) that was created in 2009. Unlike centralized banking systems, bitcoin uses decentralized control thanks to its peer-to-peer technology that allows it to operate without any central authorities or banks. A core component of the bitcoin is the blockchain, which serves as a public ledger of all transactions.

FAQ

Do I need a bitcoin wallet to trade bitcoin at XM

No, you do not. When trading bitcoin at XM, you are in essence speculating on the price movement of bitcoin by trading on a bitcoin CFD. You do not need to actually own any bitcoins, and therefore you do not need to have a bitcoin wallet.

Can I short bitcoin with XM?

Yes. You can take a buy or sell trade on the BTC/USD pair or other BTC related pairs which may be offered in the future.

What time is bitcoin available for trading?

Bitcoin is available for trading during normal trading hours, 24 hours a day, 5 days a week. To view the full details about the trading hours, click here.

Can I trade bitcoin on the MT4 and MT5 platforms?

Bitcoin trading is available only on the XM MT5 platform. The XM MT5 will allow you to trade cryptocurrencies, forex, CFDs on stocks, oil and gold all from 1 trading account. One MT5 account will give you access to the whole XM MT5 family of platforms, including on Windows, as well as the MT5 WebTrader and apps for both Android and iOS devices.

Trading Conditions

Margin requirement 33 %
Spreads as low as 12
Symbols BTCUSD
Description Bitcoin vs US Dollar
Min. Price Fluctuation 0.00100
Value of Minimum Price Fluctuation USD 0.001
Value of 1 lot 1 Bitcoin
Min/Max Trade Size 0.1/10
Swap Value in Margin Currency Long -5.51
Swap Value in Margin Currency Short -5.15
Limit and Stop Levels** 0.1
Total Volume Limit (per account)*** 20
Trading time (server time) 00:00-00:00 (GMT +3)
** Only if Margin Level is over 100%

*** Note that the maximum trading volume for BTCUSD per client is 20 lots. This limit will be reviewed on a daily basis and updated according to the value of bitcoin.

If you wish to trade more than 20 lots, please send your request by email to your account manager. Please note, however, that in case you are then allowed to trade more than the limit mentioned above (the value to be determined at the time), your margin will be set to 100%.

How to Start Trading BTCUSD (Bitcoin / US Dollar)?

Step 1

Open an XM Real Account


Step 2

Download and login to the MT5 platform


Step 3

Double-click on BTCUSD (Bitcoin / US Dollar) from the “Market Watch” to open an order for this instrument.

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