Topic: [ANN] Evolve Markets - Trade FOREX , Crypto and more with Bitcoin - page 3. (Read 28197 times)

Can you explain what is "0.075% notional"? Is this calculated based on entry price or based on close price? Or both?



And how it is consistent with the "-72.000000" I see here:



The current BTC price is 7620. So 0.075% would be 5.715. And this number -72 is totally different.

Also, when I pay the fee ($3.50 per lot for forex, 0.075% for BTC, etc) - when I open the position, when I close it, or both?

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When the customer buys indices do you pay dividends of the underlying stocks in the index (and deduct dividends when the position is short)?

Hello!

Thank you for the kind words.  Whole we strive to have zero issues affecting trading we make absolutely sure that if any problems do arise they are promptly addressed and corrected.

Kind Regards,
Evolve Markets Support

fastest response and fixing of a problem of such of a type which I had experienced in a years.
you truly made my day.

screenshot attached:

THanks you . well done guys.

Hello! Please fix an issue of my order at account 13773
shortly after I opened an order in oil instrument spread eaten everything and got in a minus of another -50% of whole previous balance amount!
such an issues never had been noted on your old platform. You simply get a message that you cannot process such an orders which makes balance hit a negative number, special of enormous 50%
you have to annul the order (ticket #266462) as it's a technical failure of mt5 platform.

another thing is that when i sent a message to the support I have not get any cofirmation of my request at all. Therfore I'm not even sure if a support got of any from me.


Kindly,
gw

Hello! Any soon you will add DASH as a margin currency? So exited.

The 'swap type' is still in USD. I am using the Web interface (MetaTrader 5 Demo, also in Real the situation is the same).

Hello,

USD is a configuration mistake specific to MT5. Our MT4 is correct. We have corrected all metals margin currencies for MT5 today. Thank you for pointing this out and we apologize for the confusion it caused you.

Regards,
Evolve

But MetaTrader (web versions) says the swap type is USD (the swap is -0.005998 USD per lot or per oz? Or else?). This contradicts to the above.

Hello tjweb,

You are correct, the margin currency is XAU. The long swap currently is -0.012385 OZ so we take current rate 1292.65*0.012385 and this comes to $16. Currently, for every 1 lot long( 100 oz ), the swap cost is $16, in bitcoin, per day.

Regards,
Evolve

The swap for XAUUSD is -0.01. Is this -0.01 oz or -0.01 USD?

In EURUSD the swap is denominated in EUR (the left currency), so I suppose in the case of XAUUSD it should be left part too (XAU). If this is correct -0.01 oz (from 100 oz) is -0.01% and this is -3.65% per year (365 days). The minus means that the trader is paying the swap. Is this correct?

Hello tjweb,

If you open a 1 lot short you would get  2.52623 EUR converted to BIT at market rate per lot and -7.15765 EUR for longs. We have to warn, we are going to change swaps to a point based calculation in the future. We will send out a detailed announcement if this happens . For now, it's as explained above.

The swap calculation for gold is 100 oz since our XAUUSD has a contract size of 100. 1 lot =100oz

Pnl for trades are calculated the same way. The pnl per pair calculated to its profit currency and is displayed in real time as BIT , or BTC( MT5 accounts) by converting the profit using the BTCUSD rate. If you do have a lot of margin in use and BTC had a black swan taking it extremely low, very quickly, it is possible to get margin called based on the value of your deposit being worth less.

For brokers  that have the margin you explain, the calculation does not make sense if your deposit is in BTC and you are trading assets with margin currency in fiat. To trade forex, or most things on margin, there must be some value of your deposit or collateral to meet the margin requirement in fiat at liquidity providers that require margin fiat . If BTC drops to the point where it's not worth enough to cover the margin required, the position would be liquidated.

In the case of BTCUSD, the margin currency is in BTC. Margin currency is always the first currency in the symbol. For example, on MT5 the margin requirement for BTCUSD is 0.02 BTC(50x) to open a 1 BTC position( 1 lot ==1 BTC). In this case, your deposit is in bitcoin and the margin currency is bitcoin so no matter what the rate of BTCUSD is , the margin requirement is that you have 0.02 BTC on deposit per lot of Bitcoin .

Hope this answers your question,
Please feel free to email us if we don't respond fast enough here.

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.

i just checked and compares the swap rates with my other broker and i see you have negative swap rates on my favorite pairs that usually and by economic law should be positive
http://bit.ly/evolv-e
http://bit.ly/exnes-s
are you going to change that or at least to make it 0 ?

PFFF this is great news!
 I will make so much x'es cuz you guys!!!
Thanks for your services,

Hello Everyone,


NOW AVAILABLE ON METATRADER 5!

50X Leverage on Bitcoin and Altcoins
Bitcoin & Altcoin Depth of Market with Order Book Execution
LTC Deposits
BTC Denominated Accounts
Ripple Trading (XRPUSD)

Login to mt5 for existing users:  https://mt5.clients.evolve.markets/login/
New Users: https://mt5.clients.evolve.markets/join/

Announcement here:

https://blog.evolve.markets/introducing-our-new-metatrader-5-platform-with-50x-crypto-leverage-ltc-deposits-ff1ec9690ac0

 

Regards,
Evolve

thank you i got it

Hello,

Just confirming to our traders that all withdrawal emails were and are being sent and all withdrawals have been and continue to be working properly at Evolve Markets.  The withdrawal in question has been completed successfully. 

Happy Trading,
Evolve Markets Support

Hello,

We can confirm the withdrawal emails are being sent successfully and we have also sent you several messages through a different email box.  Please check all of your email filters, inboxes, and spam filters for messages from [email protected].  Please also try to send an email message directly from your email to [email protected] so we can assist you off the forum.

Kind Regards,
Evolve Markets Support

I have not yet received your E-Mail