Crypto Paper Trading Rules

1. Account details:

• Name: Crypto Paper Trading Account
• Initial balance: US$1,000,000
• Type: Cash account
• Currency: HKD and USD
• No shorting allowed

2. Trading pairs:

USD and HKD pairs for BTC, ETH, AVAX, LINK

3. Trading hours:

During these hours, you can place and cancel orders, and orders will be matched.

• Daylight Saving Time: 7:15 AM to 7:00 AM the next day
• Standard Time: 8:15 AM to 8:00 AM the next day

4. Settlement time:
During these hours, you can cancel, but not place orders, and orders won't be matched.

• Daylight Saving Time: 7:00 AM to 7:15 AM
• Standard Time: 8:00 AM to 8:15 AM

5. Trading rules:

Same-day trading: You can buy cryptos with the funds from sales on the same day. Cryptos bought can be sold on the same day. There are no limits on the number of intraday trades.

6. Order types:

• Only limit orders are supported. Market orders are not available.
• Orders are good-till-cancelled. Day orders are not available.

7. Trading costs:

• Commission: 0.02% of the transaction amount
• Platform fee: 0.08% of the transaction amount, with a minimum of US$1.99 or HK$15 per order

8. Matching rules:

The paper trading system checks if the latest price is between the highest buy price and the lowest sell price. If your buy price is higher than the latest price and your sell price is lower, your order will enter the matching queue.

Disclaimer:

• The paper trading system does not fully replicate real-world trading. All data is specific to paper trading.
• No actual expenses are involved in paper trading.