Account Features
- Account Type: Cryptocurrency simulation account
- Initial Balance: $1,000,000 USD
- Account Nature: Cash account (no margin)
- Supported Currencies: HKD and USD denominations
- Short Selling: Not permitted
Supported Cryptocurrencies
Trade major crypto pairs with USD/HKD pricing:
- Bitcoin (BTC)
- Ethereum (ETH)
- Avalanche (AVAX)
- Chainlink (LINK)
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Trading Hours
Active Trading Window (Order placement/cancellation & matching enabled):
- Daylight Saving Time: 7:15 AM (T) – 7:00 AM (T+1)
- Standard Time: 8:15 AM (T) – 8:00 AM (T+1)
Settlement Window (No new orders; cancellations allowed):
- Daylight Saving Time: 7:00 AM – 7:15 AM
- Standard Time: 8:00 AM – 8:15 AM
Trading Mechanisms
- T+0 Settlement: Buy/sell same-day with unlimited intraday trades
- Fund Availability: Proceeds from sales immediately reusable
Order Types
- Limit Orders Only: No market orders accepted
- Good-Til-Cancelled (GTC): Orders persist until manually revoked
Fee Structure
| Fee Type | Rate | Minimum Per Order |
|-------------------------|--------------------|-------------------|
| Commission | 0.02% of trade value | None |
| Platform Usage Fee | 0.08% of trade value | $1.99 USD / $15 HKD |
Matching Rules
The simulator uses order book matching:
- Compares latest price to bid/ask spreads
Triggers matching when:
- Buy order > Current price
- Sell order < Current price
- Qualified orders enter matching queue
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FAQs
Q: Can I withdraw simulated profits?
A: No. All funds and trades exist solely within the practice environment.
Q: Are there liquidity differences vs. live markets?
A: Yes. Simulated order fills may not reflect real-world market depth.
Q: Do fees apply to losing trades?
A: Yes. All executed orders incur standard fees regardless of P&L.
Q: How often are price feeds updated?
A: The simulator syncs with live market data in real-time.
Disclaimer:
- Paper trading systems may differ operationally from live platforms.
- No actual financial obligations are incurred during simulation.