XM does not provide services to residents of the United States of America.
ZECUSD (Zcash / US Dollar) Trading with XM
At XM, we offer ZECUSD (Zcash / US Dollar) as a cash CFD. Our cash CFDs are undated transactions that aim to replicate the cash price of the underlying instrument, and so, are adjusted for interest.
FAQ
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Do I need a crypto wallet to trade ZECUSD at XM?
No, you do not. When trading ZECUSD at XM, you are in essence speculating on the price movement of ZECUSD by trading on a ZECUSD CFD.
You do not need to actually own any cryptos, and therefore you do not need to have a crypto wallet.
Can I short ZECUSD with XM?
Yes. You can take a buy or sell trade on the ZECUSD pair or other ZEC related pairs which may be offered in the future.
What time is ZECUSD available for trading?
ZECUSD is available for trading 24 hours a day, 7 days a week.
Can I trade ZECUSD on the MT4 and MT5 platforms?
ZECUSD trading is available on the XM MT5 platform. The XM MT5 will allow you to trade cryptocurrencies, forex, CFDs on stocks, oil and gold all from 1 trading account.
Trading Conditions
| Min Margin Percentage | 2% |
| Spread as low as (quote currency) | 0.95 |
| Symbols | ZECUSD |
| Description | ZECUSD (Zcash / US Dollar) |
| Min. Price Fluctuation | 0.01000 |
| Value of Minimum Price Fluctuation | 1 USD |
| Value of 1 lot | 100 Tokens |
| Spread as low as (quote currency) | 0.95 |
| Min/Max Trade Size | 0.02/100 |
|
Long Swap Value (Points)*** |
-3.75 |
|
Short Swap Value (Points)*** |
-3.75 |
| Limit and Stop Levels** | 0 |
| Volume in Lots | Margin (%) | Leverage |
|---|---|---|
| 0-100 | 2 | 50:1 |
| 100+ | 100 | 1:1 |
For more information about dynamic margin percentage, please click here.
Weekday 00:00 - 00:00 (GMT +2)
Saturday 00:00-10:05,10:35-00:00 (GMT +2)
│
Sunday 00:00-00:00 (GMT +2)
** Min. level for placing pending orders at a current market price.
***Swap fees for CFDs on Cryptocurrencies will be charged from Monday to Friday with triple fees on Friday. Swap fees are only applied to positions held open overnight. The operation is conducted at 00:00 GMT+2 (note that DST may apply) and can take several minutes.
***Swap fees for CFDs on Cryptocurrencies will be charged from Monday to Friday with triple fees on Friday. Swap fees are only applied to positions held open overnight. The operation is conducted at 00:00 GMT+2 (note that DST may apply) and can take several minutes.
How to Start Trading ZECUSD (Zcash / US Dollar)?
Step 1
Open an XM Real Account
Step 2
Download and login to the MT5 platform
Step 3
Double-click on ZECUSD (Zcash / US Dollar) from the “Market Watch” to open an order for this instrument.
