Quote from: tjweb on April 26, 2018, 12:52:06 AM

Quote from: EvolveMarkets on May 29, 2017, 02:02:26 PM

Here's our swap rates and they are updated daily https://evolve.markets/trading/swap/ . The charge is per day and each amount is per 100k in volume ( 1 lot in mt4).

As an example our EURUSD swap is now LONG 1.96516, SHORT -6.78874 . The margin currency of EURUSD is EURO so its 1.96516 EUR per 100k as the fee/ day . So if you hold 1 lot of ERUUSD long for 1 day it will charge you $1.96516 EUR and convert this to BITS then debit it from your account. The rates we use are taken from Bloomberg then crossed with our LP provider and updated daily.

Regards,
Evolve

Now the swap for EURUSD is 2.52623 (short) and -7.15765 (long). Does this mean that if I open short positions I will get 2.52623 USD (converted to bits at the current market rate) for every lot (and for long position I will pay 7.15765 USD for every lot)?

Can you confirm that the listed swap for the XAUUSD (-0.01 USD) is for 1 lot (100 oz of gold)? Or it is for 1 oz of gold?

Do you convert the profits/losses when they happen from USD to bits in the same way?

Does this mean that it's possible to get margin call when the price of BTC is decreasing too much?

Some other brokers are calculating profits/losses in different way - if you open 1 BTC position in some instrument, the 1% increase with margin 1:10 lead to 10% profit (0.1 BTC). There it's not possible to get margin call just because the price of BTC is crashing.

Hello tjweb,

If you open a 1 lot short you would get 2.52623 EUR converted to BIT at market rate per lot and -7.15765 EUR for longs. We have to warn, we are going to change swaps to a point based calculation in the future. We will send out a detailed announcement if this happens . For now, it's as explained above.

The swap calculation for gold is 100 oz since our XAUUSD has a contract size of 100. 1 lot =100oz

Pnl for trades are calculated the same way. The pnl per pair calculated to its profit currency and is displayed in real time as BIT , or BTC( MT5 accounts) by converting the profit using the BTCUSD rate. If you do have a lot of margin in use and BTC had a black swan taking it extremely low, very quickly, it is possible to get margin called based on the value of your deposit being worth less.

For brokers that have the margin you explain, the calculation does not make sense if your deposit is in BTC and you are trading assets with margin currency in fiat. To trade forex, or most things on margin, there must be some value of your deposit or collateral to meet the margin requirement in fiat at liquidity providers that require margin fiat . If BTC drops to the point where it's not worth enough to cover the margin required, the position would be liquidated.

In the case of BTCUSD, the margin currency is in BTC. Margin currency is always the first currency in the symbol. For example, on MT5 the margin requirement for BTCUSD is 0.02 BTC(50x) to open a 1 BTC position( 1 lot ==1 BTC). In this case, your deposit is in bitcoin and the margin currency is bitcoin so no matter what the rate of BTCUSD is , the margin requirement is that you have 0.02 BTC on deposit per lot of Bitcoin .

Hope this answers your question,
Please feel free to email us if we don't respond fast enough here.

Regards,
Evolve