ALGOUSD (Algorand / US Dollar) CFD Trading with XM

At XM, we offer ALGOUSD (Algorand / US Dollar) as a cash CFD. Our cash CFDs are undated transactions that aim to replicate the cash price of the underlying instrument, and so, are adjusted for interest.

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Risk warning: FX and CFD trading involves a high risk of loss.


Do I need a crypto wallet to trade ALGOUSD at XM?

No, you do not. When trading ALGOUSD at XM, you are in essence speculating on the price movement of ALGOUSD by trading on a ALGOUSD CFD.

You do not need to actually own any cryptos, and therefore you do not need to have a crypto wallet.

Can I short ALGOUSD with XM?

Yes. You can take a buy or sell trade on the ALGOUSD pair or other ALGO related pairs which may be offered in the future.

What time is ALGOUSD available for trading?

ALGOUSD is available for trading 24 hours a day, 7 days a week.

Can I trade ALGOUSD on the MT4 and MT5 platforms?

ALGOUSD trading is available on the XM MT4 and MT5 platform. The XM MT4 and MT5 will allow you to trade cryptocurrencies, forex, CFDs on stocks, oil and gold all from 1 trading account.

Trading Conditions

Margin requirement 2%
Spread as low as (quote currency) 0.00515
Description Algorand vs US Dollar
Min. Price Fluctuation 0.00001
Value of Minimum Price Fluctuation 0.01 USD
Value of 1 lot 1,000 Algorand
Min/Max Trade Size 0.01/3000
Swap Value in Margin Currency Long 0
Swap Value in Margin Currency Short 0
Limit and Stop Levels** 0
Volume in Lots Margin (%) Leverage
0-1500 2 50:1
1500+ 100 1:1
For more information about dynamic margin percentage, please click here.
Weekday 00:00 - 00:00 (GMT +2)
Saturday 00:00-10:05,10:35-00:00 (GMT +2)   │   Sunday 00:00-00:00 (GMT +2)
** Min. level for placing pending orders at a current market price.

How to Start Trading ALGOUSD (Algorand / US Dollar)?

Step 1

Open an XM Real Account

Step 2

Download and log in to either the MT4 or MT5 platform

Step 3

Double-click on ALGOUSD (Algorand / US Dollar) from the “Market Watch” to open an order for this instrument.

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Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.