Product Description

Ripple is used as a digital currency but also as a global nearly free payment network known as Ripple Net. It was released in 2012 with the label XRP. Ripple is the second largest cryptocurrency by value since it has a market capitalization of $122.7 Billion as of January 2018.


PARAMETERS Trading Specifications per Account Type
PREMIUM ZERO MICRO AUTO
Typical Spread in quote currency per unit 0.031 0.031 0.031 0.031
Size of 1 lot 1,000 Ripple 1,000 Ripple 1,000 Ripple 1,000 Ripple
Minimum Contract size, lots 1.0 1.0 1.0 1.0
Maximum Contract size, lots 20.0 20.0 20.0 20.0
Tick value per 1 lot 1 USD 1 USD 1 USD 1 USD
Volume limitation 20 lots per account 20 lots per account 20 lots per account 20 lots per account
Margin requirement 20% 20% 20% 20%
Minimum Price Increment 0.00001 0.00001 0.00001 0.00001
Limit and Stop Levels 20000.0 20000.0 20000.0 20000.0
Margin Call / Stop out Level 50 % / 20% 50 % / 20% 40% / 10% 50 % / 20%
Negative balance protection Yes Yes Yes Yes
Swap free days allowance 0 0 0 0
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