Borrowing BTC
2. When the total assets of your trading account minus the handling charge is less than 120% of the borrowed funds, the system will send a compulsory closing risk SMS to your bound mobile phone; When the total assets of your trading account minus the handling charge is less than 110% of the borrowed funds, the system will force you to close the position to clear the borrowed money or currency
3. Okcoin takes 24 hours as a day (from the time of borrowing, if less than 24 hours is counted as a day)
4. The borrowing user can repay in advance, but the lending user cannot withdraw in advance. When the rate set by the borrowing user is inconsistent with that set by the lending user, and the transaction can be concluded, the rate set by the borrowing user shall prevail
5. The number of days for each loan is 15 days. If the user fails to repay the loan e to overe, the system will borrow a new sum of money from the financing market according to the optimal rate to repay the last loan and the handling charge, and the interest of the new borrowed money will be recalculated. The interest calculation and repayment of loans are processed according to transactions. Users of each loan can choose full repayment or partial repayment at any time, and the service charge will be returned first when partial repayment is made
6. In order to protect the safety of funds, users who have borrowed money but have not paid it off are not allowed to withdraw the part of borrowed money + advance money + deposit + service charge, and are not allowed to transfer this part of funds into the lending account. The existing funds in the lending account can be normally lent and transferred out to the trading account. The rest can be used normally
7. When the net asset of the user's trading account is less than 100000 yuan, he can enjoy 5 times leverage. When the net asset of the trading account is higher than 100000 yuan, it needs to submit an application and pass the examination before it can enjoy 5 times leverage.
the amount of the loan applied for is RMB 3000-300000; The validity period of the loan line is 30 days. The borrower needs to use the loan within the validity period of the loan line. The loan line is not recyclable. The application, approval and loan can be completed within a few minutes.
on September 4, 2017, notice of the people's Bank of China Central Network Information Office, Ministry of instry and information technology, State Administration for Instry and commerce, China Banking Regulatory Commission, China Securities Regulatory Commission and China Insurance Regulatory Commission on preventing the risk of token issuance financing: it is prohibited to engage in token issuance financing activities (ICO); The trading platform shall not engage in the exchange business between legal tender and token, or virtual currency, or buy or sell token or virtual currency as a central counter party, or provide pricing, information intermediary and other services for token or virtual currency
according to the monitoring of financial regulatory authorities, recently, some lawless elements hype "virtual currency" under the banner of blockchain. Therefore, China Internet Finance Association issued "risk tips on preventing ICO and" virtual currency "trading activities in the name of blockchain".
Leverage trading is the use of small funds to invest several times the original amount. In order to obtain the relative investment object volatility multiple yield, or loss. As the increase or decrease of margin (the small amount of funds) does not move according to the fluctuation ratio of the underlying assets, the risk is very high
the international financing multiple or leverage ratio is between 20 times and 400 times, and the standard contract in the foreign exchange market is RMB 100000 per hand (which refers to the base currency, that is, the currency before the currency pair). If the leverage ratio provided by the broker is 20 times, it will take RMB 5000 to buy and sell one hand (if the currency of the transaction is different from that of the account guarantee gold coin), It is necessary to convert the amount of deposit; If the leverage ratio is 100 times, a margin of 1000 yuan is required for the transaction
the reason why banks or brokers dare to provide a larger proportion of financing is that the daily average fluctuation of the foreign exchange market is very small, only about 1%, and the foreign exchange market is continuous trading. With perfect technical means, banks or brokers can completely use less guarantee money from investors to resist market fluctuations without having to bear their own risks. Foreign exchange guarantee metal is used for spot trading, and has some characteristics of futures trading, such as trading contract and providing financing, but its position can be held for a long time until it is voluntarily or compulsorily closed
extended information:
in the stock market operation, if you want to buy leveraged stocks, you only need to submit margin to the relevant business hall and sign a leverage agreement
margin account means that when buying stocks, it only needs to spend 25% to 30% of the total value of stocks. 25% in "buy long" and 30% in "sell short". For example, if you put 10000 yuan into a margin account, you can buy 40000 yuan worth of shares. That's four times the leverage
Of course, 75% of the money is borrowed from securities dealers, and the interest rate is generally higher than that of banks and lower than that of credit cards; And your account must maintain 25% (buy long) to 30% (sell short) of the market value of your stock. There are many factors affecting margin. This is because in the process of trading, e to the different nature of various securities, different denominations, different supply and demand, customers have to change with the change of factors when paying marginfor example, a standard contract for foreign exchange trading is US $100000, and the foreign exchange leverage ratio of China Eastern Airlines finance is 20 times. Take the 20 times leverage of China Eastern Airlines as an example, the required margin is US $100000 / 20 (leverage) = US $5000, that is to say, US $5000 can be used to do us $100000 foreign exchange transaction, so as to make a big difference
