SANDUSD# (The Sandbox / US Dollar) CFD Trading with XM
At XM, we offer SANDUSD# (The Sandbox / 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.
Benefits of trading SANDUSD# (The Sandbox / US Dollar) CFD with XM:
Risk warning: FX and CFD trading involves a high risk of loss.
The prices on the images above are for illustration purposes only.
FAQ
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Do I need a crypto wallet to trade SANDUSD# at XM?
No, you do not. When trading SANDUSD# at XM, you are in essence speculating on the price movement of SANDUSD# by trading on a SANDUSD# CFD.
You do not need to actually own any cryptos, and therefore you do not need to have a crypto wallet.
Can I short SANDUSD# with XM?
Yes. You can take a buy or sell trade on the SANDUSD# pair or other SAND related pairs which may be offered in the future.
What time is SANDUSD# available for trading?
SANDUSD# is available for trading 24 hours a day, 7 days a week.
Can I trade SANDUSD# on the MT4 and MT5 platforms?
SANDUSD# trading is available on the XM MT5 platform. The XM 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)
0.0110
Symbols
SANDUSD#
Description
SANDUSD (The Sandbox / US Dollar)
Min. Price Fluctuation
0.00010
Value of Minimum Price Fluctuation
0.1 USD
Value of 1 lot
1,000 tokens
Spread as low as (quote currency)
0.0110
Min/Max Trade Size
0.01/800
Swap Value in Margin Currency Long
0
Swap Value in Margin Currency Short
0
Limit and Stop Levels**
0
Volume in Lots
Margin (%)
Leverage
0-800
2
50:1
800+
100
1:1
For more information about dynamic margin percentage, please click here.
Double-click on SANDUSD# (The Sandbox / 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.
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