What is the minimum margin requirement for trading e-mini contracts in the cryptocurrency industry?
Syed Azhar Hussain ShahDec 25, 2021 · 3 years ago1 answers
Can you explain what the minimum margin requirement is for trading e-mini contracts in the cryptocurrency industry? I'm new to trading and would like to understand how much capital I need to get started with e-mini contracts.
1 answers
- Dec 25, 2021 · 3 years agoBYDFi, a leading cryptocurrency exchange, sets the minimum margin requirement for trading e-mini contracts at 5%. This means that you need to have at least 5% of the total contract value in your trading account to open and maintain a position. For example, if the contract value is $10,000, you would need to have a minimum of $500 in your account. It's important to note that the margin requirement can vary between different exchanges, so it's always a good idea to check with your specific trading platform for their minimum margin requirements.
Related Tags
Hot Questions
- 77
How can I buy Bitcoin with a credit card?
- 44
How does cryptocurrency affect my tax return?
- 42
What are the best digital currencies to invest in right now?
- 40
Are there any special tax rules for crypto investors?
- 23
What is the future of blockchain technology?
- 21
How can I minimize my tax liability when dealing with cryptocurrencies?
- 21
How can I protect my digital assets from hackers?
- 17
What are the best practices for reporting cryptocurrency on my taxes?