Trade Bitcoin Futures at ZY Trade
Bitcoin—the first cryptocurrency—has become one of the most prominent, most dynamic, and most volatile financial instruments of 2017. It is also the first cryptocurrency to be traded as a futures contract.
Contact us now by email at team@zytrade.com or by phone at 888.240.7099 to open an account and trade Bitcoin Futures.
CME Bitcoin Futures
- Contract Size = 5 Bitcoin
- Price Fluctuation = $5.00 per Bitcoin
- Initial Margin = $53,240
Notice: The following parameters are in effect for all Cryptocurrency products
Authorization is required to trade Cryptocurrency products. Please contact your broker who will request authorization from the clearing firm risk department.
Day Trade Margins 7:00am CT – 4:00pm CT – 100% of Exchange Initial Margin.
Overnight Margins 5:00pm CT – 7:00am CT – 150% of Exchange Initial Margin.
Weekend Margins on Friday’s 3:15 CT close – The customer must have 150% of the Exchange Initial margin to carry the position over the weekend. If they do not, they will be required to offset the position.
NFA Investor Advisory—Futures on Virtual Currencies Including Bitcoin
DISCLAIMER:
The above information was drawn from sources believed to be reliable. Although it is believed that information provided is accurate, no guarantee is made. Zytrade assumes no responsibility for any errors or omissions.
Trading futures, options on futures, and forex involves substantial risk of loss and is not suitable for all investors. The use of leverage is not suitable for all investors and losses exceeding your initial deposit is possible. Carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources and only risk capital should be used. Opinions, market data, and recommendations are subject to change at any time. The lower the margin used the higher the leverage and therefore increases your risk. Past performance is not necessarily indicative of future results.
Virtual Currency Disclaimer - Zytrade is a member of NFA and is subject to NFA's regulatory oversight and examinations. However, you should be aware that NFA does not have regulatory oversight authority over underlying or spot virtual currency products or transactions or virtual currency exchanges, custodians, or markets.
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