LOADING...

Banner Content

Banner Content

Banner Content

Banner Content

Contract Mutipliers

Contract multipliers are used to determine the gross value of a futures contract and are used in the computation of profit/loss when you close out a trade. BitTrade contract multipliers are as follows:

Contract Multiplier
Corn .10 m฿
Soybeans .10 m฿
Crude Oil 1 m฿
Natural Gas .10 m฿
EUR/USD 1 m฿
USD/JPY 1 m฿
US T-Bonds 1 m฿
US 5-Year T-Note 1 m฿
Gold .10 m฿
Silver .10 m฿
S&P 500 .10 m฿
[all binaries] 1 m฿

Example: Buying 1 S&P 500 contract at a price of 3,000 and subsequently selling it at 3,001 yields a profit of .10m฿ [ (3001-3000) * .10 m฿ = .10m฿ ].

Margin Requirements

When establishing a new open position, either long or short, margin requirements are enforced to ensure you have sufficient funds on hand to cover potential losses on the position.

The initial margin requirement is the deposit required to establish a new long or short position in a particular contract.

The maintenance margin requirement is the deposit required to continue holding an open position in a particular contract. If your account equity drops below the maintenance margin requirement, you must either deposit additional funds or liquidate some or all of your open positions.

Margin requirements are as follows:

Contract Initial Maint.
Corn 2.20 m฿ 2.00 m฿
Soybeans 4.38 m฿ 3.98 m฿
Crude Oil 4.02 m฿ 3.65 m฿
Natural Gas 1.82 m฿ 1.65 m฿
EUR/USD 1.76 m฿ 1.60 m฿
USD/JPY 1.85 m฿ 1.68 m฿
US T-Bonds 2.64 m฿ 2.40 m฿
US 5-Year T-Note .73 m฿ .66 m฿
Gold 4.4 m฿ 4.0 m฿
Silver 7.92 m฿ 7.2 m฿
S&P 500 13.86 m฿ 12.60 m฿
[all binaries] 100% 100%

Fees

Commodities

Transaction fees for commodities contracts are based upon the month-to-date cumulative gross value of your trades. Rates are tiered as follows:

From To Fee Rate
0 m฿ - 3,500 m฿ .0150% (1.5 bps)
3,500 m฿ - 15,000 m฿ .0125% (1.25 bps)
15,000 m฿ - 25,000 m฿ .0100% (1.0 bp)
25,000 m฿ - 35,000 m฿ .0075% (.75 bps)
35,000 m฿ - .0050% (.50 bps)

Example: Shorting 1 S&P 500 contract at a price of 3,000 represents a gross trading value of 300 m฿ (3,000 * .10 m฿). So trading twenty contracts throughout the course of a month would represent approximately 6,000 m฿ in gross trading value, implying a discounted fee rate of .0125%, or approximately .0375 m฿ per contract.

Binaries

No transaction fees are charged for binary contracts.

Questions

Q. Can I run BitTrade as an app on my mobile device?

Yes. BitTrade can be accessed as a fullscreen application, launched from your device's home screen.

On iOS / Safari:

(1) After navigating to BitTrade in Safari,

(2) click the context menu in the bottom toolbar,

(3) and select 'Add to Home Screen.'

You can now launch BitTrade as a fullscreen app using the icon on your home screen.

A similar procedure is available for Android / Chrome.

Q. Can I access BitTrade as a .onion service via Tor ?

Yes, BitTrade is available as an .onion service to users of the Tor browser. See the 'Contact Information' section at the bottom of this page for details.

While Tor is an excellent tool for privacy enhancement, there are a few minor drawbacks to using it to access BitTrade:

(1) The Tor browser's lack of intersession caching, combined with the circuitous routing mechanisms employed by the Tor proxy itself, guarantee that the first load of each page in a given browsing session will be painfully slow.

(2) Push notifications for trade executions and incoming chat messages will be disabled.

(3) Tor hides the user's timezone as a privacy protection measure. This means that all times shown in BitTrade, be they sporting event times, market opening or closure times, etc. will be expressed in Universal Coordinated Time instead of your local time.

Q. How does BitTrade differ from other online trading experiences ?

(1) All BitTrade contracts are denominated in Bitcoin, not fiat currency. This allows our users to fund their account in a quick, inexpensive, private, and hassle-free way.

(2) Because our futures contracts are so small, users can start trading after depositing as little as $5-$10 worth of Bitcoin.

Q. Who designs and maintains BitTrade ?

BitTrade is designed and maintained by enthusiastic software developers in the South American hedge fund community. Contact information is provided at the bottom of this page.

Q. Where is BitTrade domiciled ?

BitTrade's servers are located in Panama. Our developers are located in South America and Europe.

Q. What types of futures contracts does BitTrade offer?

We offer tiny versions of some of the most popular futures contracts including Gold, Crude Oil, S&P 500, and more.

We also offer binary futures contracts which settle at either 0.00 or 1.00 depending upon the outcome of specific sporting events (NFL, MMA, etc.).

Q. How is my profit/loss calculated (binary contracts) ?

Binary contracts allow you to profit from a correct prediction of a sporting event's outcome. Binaries settle at 1.00 if your team wins, 0.00 otherwise. Your profit or loss is equal to the difference between that settlement price and the price at which you bought the contract, multiplied by 1 m฿. (1 m฿ is one thousandth of a Bitcoin, or around $4 at current market rates.)

Let's look at an example:

In this illustration, the Washington Wizards are playing the Charlotte Hornets. The Wizards contract is trading at .3590. If you bet on the Wizards and buy a single contract at .3590, and the Wizards win, you'll sell the contract at 1.00 for a profit of .6410 m฿:

profit = (1.00 - .3590) * 1m฿ = 0.6410 m฿

Q. How is my profit/loss calculated (commodities contracts) ?

Commodity contracts allow you to profit from a correct prediction of the price of a commodity, currency, stock index, or interest rate. A BitTrade futures contract is actually a second-level derivative contract; Its price settles daily at a value posted by trusted third-party reporting services (e.g. CNBC, Bloomberg, etc.)

Unlike binaries, which can settle at only one of two values (zero or one), commodities contracts trade more like stocks. Buy a contract if you think the price will rise. Short a contract if you think the price will fall.

Your profit/loss on a single trade is equal to the difference between your sell and buy price, multiplied by the contract's official "contract multiplier."

Let's look at an example:

In this illustration, the user has the option to buy Crude Oil at 54.51 or short it at 54.49. If the contract is purchased at 54.51 and then later sold at 55.00, a profit of .4900 m฿ will be generated in your account:

profit = (55.00-54.51) * 1m฿ = .4900 m฿

Q. How are open positions marked to market at the end of each day?

The price of every tradable contract you see on BitTrade is tied to that of an underlying futures contract as reported by a publicly available trusted source (e.g. Wall Street Journal, CNBC).

In the case of binary futures contracts which allow speculation on the outcome of a sporting event, the end-of-day closing prices are based on an average of publicly available odds at major sports books.

Q. How are open positions settled if held beyond the LTD (last trading date) of the contract?

BitTrade contracts will settle on the day following the LTD of the contract in question. The official settlement price will match that of the settlement price published by the underlying trusted source (see above).

Binary futures contracts will settle at either 1.00 or 0.00 based on the respective true/false outcome of the prediction market in question.

Q. How are trades margined?

Our margin requirements for commodities contracts are an approximate, percentage-wise match to those imposed at traditional commodities brokers. But because BitTrade contracts are so much smaller in value, our margin requirements are proportionally lower in absolute terms.

A contract which would require a $3,000 margin deposit and a traditional broker, for example, may only require $30 worth of Bitcoin at BitTrade.

Binary contracts do not have per-contract, fixed margin requirements. Instead, the margin requirement for a binary contract is equal to the maximum sustainable loss on an open position in said contract, marked to market in real-time. Note that that all binary contracts ultimately settle at either 0.00 or 1.00.

Example: Being long one binary contract @ .60 will yield a margin requirement of .60 since that represents the maximum potential loss. Being short one contract @ .60 yields a margin requirement of .40 (1.00 - .60) since .40 is the maximum loss.

Q. I've received a margin call. What does this mean? How shall I respond?

A margin call is triggered when the liquidating value of your trading account dips below the maintenance margin requirement of your open positions. You must respond to the margin call in one of two ways:

(1) Add sufficient Bitcoin to your account to cover the margin deficit. See the 'balances' tab on your Account page to obtain the deficit amount.

or...

(2) Liquidate some or all of your open positions to lower your margin requirement.

Q. What happens if I fail to take action on a margin call?

Once a margin call is triggered, your positions may be force-liquidated at any time. For this reason, it's highly recommend that you keep excess Bitcoin on-hand that exceeds your anticipated initial margin requirements. This will give you a cushion if markets turn against you, lowering the likelihood of a margin call and subsequent forced liquidation.

NOTE: Margin calls can only occur when trading traditional (non-binary) futures contracts. If you only trade binary contracts, you'll never receive a margin call.

Q. How do I start trading?

You can start trading immediately. Just click the Sign Up button below, register, deposit some Bitcoin, and begin trading.


Sign Up

Contact Information

Public Key

-----BEGIN PGP PUBLIC KEY BLOCK-----
Version: GnuPG v2
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=Yp0g
-----END PGP PUBLIC KEY BLOCK-----

							

You must be authenticated to use this feature.

Login or Sign Up now.

Authentication

You're currently logged on as username.

Sign Off

Notifications

You have no unread trade notifications.

Private Chats

You have no private chats.

Negative Balance

Gale Boetticher

You have a negative balance in trading account 011-11111.

2018-06-23 @ 17:30:00

* For best results, the height and width of your image should be roughly the same.

Change

Tired of your existing avatar?

Remove It

Don't have an account?

Sign Up

Sign Up

Already have an account?

Login