hi5markets provides a truly unique platform in the world of cryptocurrency trading. A comprehensive range of trading and investing features on a user-friendly interface are suitable for both beginners and professional traders.
We have prepared a guide to help you to get familiar with all features and improve your trading experience.
hi5markets offers trading with a high leverage. We offer only Bitcoin-based deposits, withdrawals and PnL settlements. It means that all profit and loss will be settled in Bitcoin, even if you’re buying and selling other assets.
There are two main sections on our platform:
Account – This is your account dashboard and includes such information as your Wallet balance, Trading account balance, and allows to quickly Deposit or Withdraw funds. You can also find details about your closed trades, previous deposits and withdrawals.
Trade – This is your trading terminal where all trading activity can be performed. Here you can monitor market data, select the instrument you wish to trade, place and cancel orders, and view information about your current positions.
How to begin trading
To start trading on hi5markets just follow the steps below:
Deposit funds into your trading account.
This can be done from the Deposit tab of your account where you will find your BTC wallet address. At the moment deposits are available exclusively in BTC. If you wish to deposit using a bank card, you can access a 3rd party service available outside such as Changelly, Remitano, Localbitcoins, Binance and Bitcoin.com directly and buy the BTC. This service will convert other currencies into BTC(including Fiat and Crypto) and transfer them to the BTC wallet of your choosing. Then you can deposit to us using your bitcoin wallet.
Transfer to your Trading account: Once your account is funded – hi5markets will transfer Bitcoins to your Trading account. This can be done by clicking on Fund trading account button in the Trading account section.
Start trading: Install XOne Trader apps here. Click on a app to open the platform and access the real-time market data and trading functionality. You can start trading immediately by placing an order or customize the space by adding more indicators beforehand.
hi5markets offers 1:100 leverage on all digital assets, commodities and indices available on the platform and 1:100 on Forex majors. All users are automatically provided with the buying (or selling) power equal to 100x times of the deposit value. We also provide the highest leverage for the rest of our instruments, allowing you to maximize your trading profits.
Learn more about hi5markets leverage trading and margin calculation here.
What is Bid and Ask?
The term bid and ask is a two-way price quotation that indicates the best price at which an asset can be sold and bought at a given point in time. The difference between the bid and ask prices, or the spread, is a key indicator of the liquidity of the asset. In general, the smaller the spread, the better the liquidity. The bid-ask spread can widen dramatically during periods of liquidity or market turmoil, since traders will not be willing to pay a price beyond a certain threshold, and sellers may not be willing to accept prices below a certain level.
Profit from market growth (going long)
Long position means that you are buying currency expecting it to rise with the intent of selling it afterwards. If you wish to buy a Bitcoin, for instance, then your account will grow in value as Bitcoin’s price increases. If Bitcoin price decreases, then your account loses value accordingly. You can enter the long position by executing a market order to Buy cryptocurrency at market rates or place a limit order away from the market
Profit from market decline (going short)
Apart from a standard trade (purchase), hi5markets platform allows you to open a position that will increase in value as the cryptocurrency decreases in price. Short position means that you are selling currency expecting it to fall with the intent of buying it afterwards. This is referred to as selling or going short, as opposed to buying or going long. You can enter the short position by executing a market order to Sell cryptocurrency at market rates or place a limit order away from the market.
How to Deposit
Deposit process at hi5markets is quick and intuitive. Please note that we only accept Bitcoin for deposits. After you create an account and confirm your email, you can enter you Account section by entering the login and password. Navigate to Deposit part of the page by clicking on Deposit button on the left side of the screen. Copy the hi5markets Bitcoin address; alternatively, you can scan the barcode provided. Transfer Bitcoin to your personal secure wallet at hi5markets from any existing exchange or wallet. The minimum amount to deposit equals to 10 USD. We do not charge any fees on Bitcoin deposits.
How to Withdrawal
Please note that you can only withdraw Bitcoins from your trading account balance. It take 30 minutes – 48 hours depend on transaction confirmation time.
Basics of Leverage Trading
The use of leverage for trading on hi5markets platform allows traders to hold larger positions than they could ordinarily have held with their capital on other exchanges.
Leverage is a technique involving the use of borrowed funds in the purchase of an asset in order to increase potential profits. The point of using leverage is to magnify returns. hi5markets automatically provides funds for all its.
Margin is the amount of a trader’s own funds that are required to open a leveraged position.
The leverage of hi5markets for the cryptocurrencies is 1:100. Therefore, margin requirement for the BTC/USD contract is 1% (i.e. 1/100*100%). So, if you have a trading account with $1,000 in it, you can take advantage of leverage worth up to $100,000.
The leverage of hi5markets for fiat trading majors is 1:100. Therefore, margin requirement for AUD/CHF contract is 0.1% (1/100*100%). In this case, if you have a trading account with $1,000 in it, you can take advantage of leverage worth up to $1,000,00.
It’s important to understand that Margin requirement is the minimum amount needed to keep position from getting liquidated. Traders are advised to keep a sufficient buffer and never utilize 100% of Available margin.
How to calculate margin requirements and leverage
Margin can be considered as a ‘required deposit’. It also means that if the trader suffers a loss, they have enough cash with the hi5markets to cover that loss.
Margin required = total value of trade/ leverage
Let us assume that a trader wants to buy a position of 1 Bitcoin worth $7264 on hi5markets platform.
To obtain the margin required for the trade, the trader would have to divide the total value of the transaction by the leverage provided for the trade.
The value of your long position is priced at $7,264. Therefore, the margin amount required for the trade at 1:100 leverage is calculated as:
($7,264/100) = $72.64
Therefore, to be able to trade a contract value based on the BTC/USD price of $7,246 at 100X leverage, you will need at least $72.64 of deposit value.
Please note, that a trader should never open a position while utilizing maximum leverage, otherwise, they risk of being stopped out in case the market moves opposite direction.
As the price for Bitcoin/USD changes, so also the margin amount will change. However, the calculation above can always be used to obtain the margin required for trading the BTC/USD pair.
A margin call will be issued to the trader by the hi5markets when their Available Margin equals or drops below the required margin amount.
Let us assume that a trader has an equity balance of $3,000 and has 100% Available Margin.
If a trader is leveraged 100:1 on a $100,000 position value, they have locked $1,000 as the margin requirement of 1%. Now the trader has only $2,000 in his balance which means his Available Margin is 66%. If the trade goes badly and the value of the position drops to $98,000, the unrealized loss will be equal to -$2,000 which means available balance has been “eaten up” and Available Margin is now 0%. The hi5markets system will now issue a margin call, and close the position at the current level. If the trader is convinced the market will turn and the trade will finish in the money given time, they should add additional funds to their trading account BEFORE it reaches the margin call level.
Trading halt and technical issues
In case one or more exchange that contribute to hi5markets liquidity experiences and outage or liquidity connectivity issues, a temporary suspension of trading may occur. On very rare occasions trading halt may enact to correct an order imbalance, as a result of a technical glitch. Typically, such technical issues are quickly spotted by our dedicated monitoring team and fixed within 30-40 minutes. You can also contact our 24/7 support at firstname.lastname@example.org if you experience any technical issues with the platform.
hi5markets is committed to provide the highest level of security to its platform users. Extensive cyber-security framework is implemented in order to ensure that strict measures and practices are in place to protect customer assets against any eventualities and threats. We are conducting periodical stress tests and security audits to ensure compliance with the strictest security standards.
We use the following security tools and measures:
Encrypted SSL (https) to encrypt and secure our website’s traffic.
All passwords are cryptographically hashed (using bcrypt with a cost factor of 12) while all other sensitive data is encrypted.
Cloudfare to mitigate potential distributed denial-of-service (“DDoS”) attacks.
Regular tests and check-ups by our technical team.
On-going and IT security assessments are executed to keep up to date with new potential vulnerabilities.
Our environment is hosted on a proven track record for physical security and internal controls.
hi5markets trading engine has been designed to meet the highest online-trading industry standards. As we are using third party trading platform XOne Trader, we’re cannot access and touch the liquidity and trading process. All systems in XOne Trader have been uniquely coded to minimize latency and increase order execution speed. System automatically monitors all risks associated with buying power, buying power factor, maximum order size, maximum position size, P/L loss thresholds, odd lot allowance, and executes full risk check after every order placement. hi5markets prides itself on having one of the most advanced and reliable trading software on the market.
The majority of customer digital assets (Bitcoin) are held in our offline storage system (“Cold Storage”). Only a small portion of digital assets are held in our online wallet (“Hot Wallet”). We use Multi-signature access (“Multisig”) to provide both security against attacks and tolerance for losing access to a key or facility, eliminating single points of failure. All fund transfers from Cold Storage to Hot Wallets are handled manually and require the coordinated actions of multiple employees.
The hi5markets is committed to providing 24/7 customer support. Please contact us at email@example.com if you have any questions.