Commodity and stock futures are another needed tool in the formation of a capital market. We currently offer the three front months for five contracts but we will add to these as it becomes clear what areas are of interest to clients. These are all 24 hour markets, but if a contract is held between 23:59 and 00:00 GMT it is considered that the contract has been held overnight and the finance fee is applied.
Futures contract margining requirements change fairly frequently and we will email live traders of these changes. However, it is suggested that you visit the contract specification page prior to trading so you understand the way the contracts are traded, transfer of open interest and policies concerning contract settlement.
|1. Go to the Registration page and enter a username, password and current email address.|
|2. Go to the login page and select ‘Paper Trading – Investor Service‘ from the Account Type pull down menu. Click on the Account Settings Tab and enter your details on this secure page. You will need to provide a scan of a photo ID and proof of address not more than 3 months old.|
|3. Within 24 hours you will receive an email verifying your account. To log in to your live account select ‘Live Trading – Investor Service‘ from the Account Type pull down menu. Go to the Deposit /Withdraw tab and follow the instructions to deposit bitcoins as margin to fund your account.|
|4. To trade futures contracts go to the Quick Trade or Manage Orders tab and find the contract and month you are interested in trading. For instance, June 2016 Mini S&P contracts bear the symbol ES_Jun16. Check available margin on the Order Management tab and place your buy or sell trade using either a limit or market order. See rules for Contract settlement rules for your choice of market.|
|See full list of available futures contracts.|
We currently support buying and shorting both commodity and stock index futures. Over the coming months we will regularly add contracts to the list of what can be traded on the site.
Commodity futures are a 24 hour market. Positions held between the hours of 23:59 and 00:00 GMT will be deemed to have been held overnight and are subject to a finance fee.
We recommend users close or roll positions before the last trading day. If a contract is cash settled and a position is not closed, the contract will be automatically be closed some time during the last trading day at a market price. Profits or losses will be converted into bitcoin at the prevailing rate and added to the account balance.
We recommend users close or roll positions before the last business day before first delivery. However, if a contract has physical settlement and a position is not closed, the contract will be closed at market during the last business day preceding the date of first delivery. Profits or losses will be converted into bitcoin at the prevailing rate and added to the account balance.
If you choose to roll into a later contract month, a discounted fee will apply to trades where this takes place in the same calendar day. You will see the discount on the next day’s trade statement.
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