FAQ - Margin Trading

Account Opening

Are there any fees to open a margin account?

It is free to open an account.

What conditions should be satisfied to open a margin account?

Once the applicant has successfully opened a general account and met the general account opening requirements, they will also be required to fulfill the following conditions.
- Have good knowledge about margin trading, understands about the risks associated and its transaction mechanism, and he/she will trade with his/her own responsibility and judgement.
- Agree to the Terms & Conditions.
- Above 18 years old and a responsible person.

How to open a margin trading account?

If you haven't opened a general account yet, you can apply for a general account and a margin account at the same time.
Account opening can be done from our homepage using the register button or by clicking here .
To open an account, please tick the "Open BPG Margin Trading Account" option with "✔", carefully read and agree to the Terms of Use, fill in other necessary information, and finally click the "confirm" button.

Can a company open a margin account?

Yes.

I have opened a general account. What should I do if I want to apply for a margin trading account?

After logging into the trading site, press "Account" → "Application Status" → "Account Opening Status".
Click "BPG Margin Trading Account" option, and you will be navigated to the margin trading registration page. Once you have read and agreed to the Terms & Conditions, you may apply for the margin trading account.

Password

Can you tell me the necessary login ID and login password for margin trading?

The login info for marging trading is the same as for spot trading.

Deposits and Withdrawals

How to deposit into the margin account?

When depositing to a margin account, make sure that there is HKD balance in your general account. If there is no HKD balance, please deposit fiat currency or sell your digital assets to purchase HKD. After logging into the general account, select "Transfer " → "Internal Transfer" in the trading site. Select transfer from "General Account" to "Margin Account". If you wish to transfer all the balance to the margin account, select "All Amount". If you want to transfer partial amount, select "Specific Amount" and enter the amount. Then click the "Confirm" button. After confirming the details on "Fund Transfer Order Confirmation Screen", enter your transaction pin and click "Execute".

Please tell me how to transfer account funds from the margin account to the general account.

You can log in to the trading site by "Transer" ⇒ "Internal Transer".
① Please specify the margin account in the transfer source and designate the comprehensive account at the transfer destination.
② Please specify the amount within the range of transferable amount or specify the full amount.
③ Please click the button on the confirmation screen if you do not mind.
④ Since the confirmation screen will be displayed, please enter your transaction code after checking.
⑤ Cash transfer is executed by clicking the execution button. To cancel, please click the Cancel button.
When you select the full amount, the transferable amount at the time of opening the funds transfer instruction screen is displayed in the transfer amount, so it may be different from the transferable amount at the time of execution. In addition, if the margin maintenance rate falls below 100%, the loss cut is activated, so if you have an open position in margin trading (buying and selling), if you make a full transfer from the margin trading account to the general account of 1 yen Please note that the stop loss will be activated when an unrealized loss occurs. Stop loss is aimed at minimizing the loss of customers.

Are there any fees for deposit to or withdrawal from the margin account?

No fees are necessary.

When can I withdraw payment for margin trading?

Payments settled by margin trades will be able to transfer funds immediately after the contract is made and subsequently can request withdrawal.
Please log in to the trading site ⇒ "Deposit / Withdraw · Transfer" ⇒ "Transfer" Please transfer "Letter of Withdrawal" from the Margin Account to the General Account. ※ We will remit the funds for which we requested withdrawal to the customer's payment destination bank account on the next business day (T + 2) on the request withdrawal date.

Leveraged Trading

What is Stop Out?

Stop out is executed if the margin is below 100%.

When margin balance goes below 100%, stop out is executed.Customer's position(s) with the largest order size for Limit and Stop Loss Order(s) will continue to close until the Margin Level recovers back to 100%.
If the Margin Level does not recover to 100% with the above, customer's position(s) with the largest unrealized loss will continue to close until the Margin Level recovers back to 100%.
When the market price fluctuates drastically, there may be occasion where the stop out does not activate and the losses may exceed the margin.

What currency pair can I Trade?

It is only BTC / HKD (Bitcoin / Hong Kong dollar).

What is alert notification?

We will send an alert notification (warning email) to customer's email address when the margin maintenance rate is below 120%.
Please be aware that alert notification (warning email) will be delivered once a day (during clearing period).
If the margin maintenance rage is below 120% as of the next trading day, an alert notification (warning email) will be sent once again.
Please be aware that the alert notification (warning mail) may be delayed due to technical reasons on the system or sudden fluctuations in the price, or may not be sent at all.
We would like the customers to be aware of these cases in advance, and please trade with sufficent margin.
Since alert notification are digitally sent over the email, due to the communication speed of the internet and a sudden change in the communication environment, the email may be delayed or not be sent.

Ordering and Trading

Please tell me the type of order.

We provide customers for Single order (Market and Limit), Stop limit order (Market) and Streaming order (Market and Limit).

Please tell me how to make a new margin order.

Log in to the trading site (same site as in-kind transaction) and click on "virtual currency transaction" ➡ "Margin new".
Example) For BTC
① Selection of order type: Please select "Streaming" "Single" "Inverse limit".
② Please select "Sold" or "Buying" in the case of selecting single order or stop limit order.
③ Specification of quantity: Please specify with order quantity of order, in 0.01 BTC or more and 0.01 BTC unit within 100 BTC (including inverse BET within 30 BTC in case of performance). ④ Specify the price: Please select the maturity and limit price. If you select Limit Order, Stop Limit Order, please specify the price.
⑤ Validity period is GTC only ※ Executed orders are valid until canceled.
⑥ Please enter transaction code (4 digits).
確認 In the case of a single order or a stop limit order, a confirmation screen is displayed by clicking the order button, in the case of a streaming order, clicking 2 WAY price. Please check the contents and click the execution button.
You can omit the confirmation screen by omitting the display of the order confirmation screen on the order screen ☑.

Please tell me how to settle a margin trade.

Log in to the trading site (the same site as the cash transaction) and click on "virtual currency transaction" ➡ "Margin settlement".
① Please check the open positions which are settled by selecting the selling position / purchasing position from the position list. Please note that settlement can not be done with quantity designation but as an order unit. (※ multiple selection is possible) The sum of the quantities that placed ☑ on the settlement will be displayed in the contents of the margin trading order.
② Selection of order type: Please select "Streaming" "Single" "Inverse limit".
③ Specification of price: Please select merchandise, limit price. If you select Limit Order, Stop Limit Order, please specify the price.
④ Expiration date is GTC(good to kill) only ※ Executed orders are valid until canceled.
⑤ Please enter transaction code (4 digits).
⑥ In the case of a single order or a stop limit order, a confirmation screen is displayed by clicking the order button, in the case of a streaming order, clicking 2WAY price. Please check the contents and click the execution button. You can omit the confirmation screen by omitting the display of the order confirmation screen on the order screen ☑.
If you choose to perform, we will also make a contract other than the price displayed. If the price suddenly changes, the order may be established at an unexpected price.
If you select a limit price, you will not make a promise on a condition worse than the price displayed (specified).

Precautions when making withdrawals

If the new margin order has not been fully executed (partial contract), it is not possible to enforce the margin settlement order. If you want to settle the partial contracted quantity, cancel the remaining executing order of the new order and then execute the settlement order.

Please tell me the order unit.

You can order 0.01 BTC or more.

Is there a limit on the quantity of orders?

Minimum order quantity for 1 order is 0.01 BTC.

There is no maximum order quantity. But Market order has maximum order quantity. It is 30 BTC for buy and sell as 1 order.

Beside, there is no maximum limit for possession quantity.

Is there a limit to the assets held?

Yes, 500 BTC is the upper limit.

Where can I check the required margin?

Login → Inquiries → Margin Deposit Management Details
You are able to confirm it as Total Required Margin Deposit.
Open Position Balance, Open Position Amount and Required Margin Deposit displayed in margrin detail include open position quantity and open position deposit which has not been agreed and margin in processing of order.

Please tell me about how to cancel / modify orders.

Inquiries → Order History
Market New and Settlement: Customers are able to cancel the order which has not been agreed. Click cancel.
Correcting Limit New and Settlement: Customers are able to correct the order which has not been agreed. Click Change.
Canceling Limit New and Settlement: Customers are able to cancel the order which has not been agreed. Click cancel.

Where can I check my position?

You can log in to "Inquiries" ⇒ "List of Open Position Balances" on the trading website.
Since the open position balance list and open position report are not automatically renewed, click the "Open balance search" button to update and confirm.
In addition, the revenue management fee is not included in the total valuation gain/loss shown in the column for searching for open positions.
Add a list of outstanding balances for each location sold by the buyer.
The position details for each order are displayed by the open position information.

Is it possible to deal in both account?

It is possible. Please keep in mind that margin is required for both selling position and buying position.

ADVANCE Trading System

Please tell me how to do margin trades on ADVANCE trading.

1 Select the spot trading from the right side of the ADVANCE logo in the upper left corner of the screen. Select the white one with letters on white.
2.Select the stocks. Only BTC/HKD
3 Check the chart, cardboard information and information in the order from the order screen.
4 Order the price to choose the limit price, margin, stop loss limit. .
5 quantity specifications: 1 order quantity, 0.01 BTC or more specified in 0.01 BTC unit 100 BTC or lower.
6 Please specify the price with the limit/stop limit.
You can also reflect the price on the order screen by clicking on the price in the board information.
7 Enter the transaction PIN (4 digits).
8 Click on the sales, purchase button to execute the order.
9 After the content confirmation screen is displayed, confirm and click the Confirm button.
10 Physical Trading displays the Order Complete screen and you have accepted the purchase order.
11Please confirm the [Order History] of the order you have contracted with [Execution Order] under the order displayed under the order screen.
*Because only the day's display is displayed in the contract history, please confirm the contract history of the previous day and the day before the contract inquiry in the transaction inquiry of the trading website.

Leverage

Where can I confirm my leverage?

After logging into the trade site, click "Trading" to confirm the current leverage multiple.
The leverage multiplier will be the multiple you choose when opening a margin trading account.
If you want to change, you can change it at any time on the trading website "Account" ⇒ "Account Information" ⇒ "Leverage multiple" . However, keep in mind that leverage multiples can't be changed while the order is held.

Please tell me the type of the leverage .

We offer leverage of 2, 5, 10 and 25 times.The leverage is the account setting and cannot be set for each position, please understand.

Please tell me how to change the leverage .

The leverage setting can be modified by log in to trading site and clicking on "Account " → "Account information" → "Leverage multiple" .
However, the leverage can not be changed if there is an order under ordination or holds an open position.

I have requested to change my leverage type. Can I cancel it?

If it is before 15:00 HKT, you may resubmit the change request to your desired leverage, and it will be changed accordingly to the latest request.

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