Frequently asked questions
SKY (SKYUSD) is a Crypto CFD available on SimpleFX. You can trade it by creating a free account, depositing funds, and opening a position directly from the trading platform. No minimum deposit is required.
The target spread on SKYUSD at SimpleFX is 0.0002 pips. SimpleFX uses a spreads-only pricing model with no additional commissions.
SKYUSD can be traded with up to 1:10 leverage on SimpleFX, which corresponds to a margin requirement of 10.00%. Leverage amplifies both potential gains and losses.
SKYUSD positions on SimpleFX are margined in USD. Your account balance in USD is used to cover the margin requirement for this instrument.
The standard contract size for SKYUSD on SimpleFX is 10000. Position sizes are calculated based on this contract unit.
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