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Board Service Announcements
Re: [ANN] Evolve Markets - Trade FOREX , Crypto and more with Bitcoin
by
tjweb
on 26/04/2018, 00:52:06 UTC
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.