What are cryptocurrencies?

As opposed to traditional fiat currencies, cryptocurrencies are a form of digital currency secured by cryptography, allowing individuals to transmit them in a virtual setting, anytime and anywhere. Cryptocurrencies are …

What is a blockchain?

A blockchain is a database that functions as a decentralized virtual ledger, existing on a network of many computers. Data is arranged chronologically in blocks and each block’s metadata contains …

Do I own the cryptocurrency when I go long?

All cryptocurrency trades made are CFDs. Hence, you will not own the underlying physical cryptocurrency. Transactions are Over-the-counter (OTC) with Phillip Futures as the counterparty.

Are cryptocurrencies regulated in Singapore?

Cryptocurrencies are not legal tender and are not issued by any government nor backed by any asset or issuer. Cryptocurrencies are currently not subjected to any regulatory requirements or supervisory …

How to Interpret Swap on MT5

Within the Market Watch panel, mouse over your desired instrument and right-click 2) Select ‘Specification’to view more details of the instrument. 3) Calculate swap for 1 standard lot of LONG …