Trading and Holding Wallets

What is the difference between Trading and Holding Wallets?

Your MTF account comes with different wallets, which are either Holding Wallets (cash accounts) or Trading Wallets (margin accounts). If you make a deposit, it will arrive in your holding wallet (cash account), and you can withdraw only from holding wallets. You own five holding wallets:

If you wish to trade an instrument, you first need to make an internal transfer from a holding wallet to a futures wallet that belongs to that instrument. You own a futures wallet (margin account) for each instrument we list:

What is the reason for segregating accounts?

Any crypto or fiat that sit in your cash accounts do not count as margin, meaning you cannot lose them if a trade turns against you.

Deposits made to one of your trading wallets count as margin and could be lost if a trade turns against you. Inverse wallets are separate for each instrument to assure that there is no spill-over effect between positions in different instrument, whereas in linear contracts you can select to isolate a position to prevent the spillover. 

Trading wallets are completely independent - if you are margin called in one account, this has no effect on the other trading wallets. You can decide yourself how much margin you want to allocate to each trading wallet (minimum margin requirements apply).

Can I use different currencies for margin?

Currently you may only lodge collateral in the asset specified for the trading wallet. This means that you cannot use collateral from one inverse contract for another inverse contract with a differently underlying, USD for inverse contracts, and or use crypto collateral for linear contracts. 

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