Where reference to the market spread is used this is a combination of the underlying
market spread and the ETX Capital spread shown for each market.
(2) Trading Hours & Conditions
In a fast moving or illiquid market, please be aware that ETX reserves the right
to close a Cryptocurrency market entirely, make the market closing only or set
the market to Buying or Selling only at any time without further notice.
These are the usual hours of business but may vary where daylight saving applies,
where there is a market holiday or for the market condition reasons stated above.
All times are expressed as London time.
(3) Max open position
Due to the volatile nature of Cryptocurrencies, ETX reserves the right to limit
client exposure to a Cryptocurrency market at any time without further notice.
(4) Overnight Finance Adjustments
If you hold a position at 10pm in a Cryptocurrency market a finance adjustment
is made to your account shortly after this time.
The ETX daily financing adjustment is approx 0.083% (30% per annum).
The daily financing fee will be applied to your account each day that you hold
an open position (including weekends and holidays).
In order to comply with Regulatory Technical Standard (RTS) 27 of the Markets in Financial Instruments Directive (MiFID) II, we must provide full transparency to you as our client with regard to the quality of our trade execution.Click here to find out more
Cryptocurrency Pricing & Blockchain Forks
The ETX Crytopcurrency prices are derived from an underlying market exchange feed
and the market-makers with which we trade.
The decentralised ledger which records all Cryptocurrency transactions is the blockchain.
If there is an instance where the software of different Cryptocurrency miners
becomes misaligned, a split, or 'fork', in the blockchain may occur, resulting
in the existence of two different blockchains.
In order to minimize disruption Cryptocurrency users have historically quickly
agreed which version to accept as valid and continue to use. Where this has happened
the old version of the blockchain has then been discontinued.
When one version isn't discontinued this is known as a hard fork and ETX will usually
follow the blockchain that has the majority consensus of cryptocurrency users.
ETX reserves the right to determine which blockchain has the majority consensus
If the hard fork results in a viable second cryptocurrency becoming available on
exchanges and market-makers we have access to, then at our absolute discretion,
we may create an equivalent position or cash adjustment on client accounts to
reflect its value, however we will have no obligation to do so.
When a hard fork occurs, there may be substantial price volatility during this
period and ETX can suspend trading at any time without further notice if we do
not have reliable prices from the underlying market or the market-makers we trade