Terms explained
Crypto evaluation terms, explained.
Six terms decide whether a crypto evaluation account suits the way you trade. Each one below says what it means and how many of the 28 firms on our list state it, from the terms we last checked.
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Weekend holding
Crypto trades every hour of every day, but an evaluation account follows the firm's rules, not the market's hours. Weekend holding says whether a position may stay open from Friday into Monday. Where a firm says no, plan to be flat before the weekend; where it says nothing, ask the firm before you rely on it.
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Leverage
Leverage sets how large a position your account balance can carry. A firm may state one figure for every instrument or a separate figure per market, so read the full line on the firm's page rather than the first number in it. Higher leverage also means a loss limit can be reached faster.
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Drawdown type
The maximum loss is measured either from a fixed starting balance (static) or from your highest point so far (trailing), and some firms measure it at the end of each day. A trailing limit follows your gains upward, so the room you have can shrink as you win. Each firm below is placed under the type its own terms name; a line that says the limit does not trail counts as static:
13 Static
Measured from a fixed balance
5 Trailing
Follows your highest point
4 Static and trailing
The line names both
3 End of day
Also says it is measured at the day's end
Not placed, as the line names no type: Cointracts states “Absolute”.
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Bots and EAs
An expert advisor or trading bot places orders for you. Firms that allow them may still set conditions on how they are used, so check the firm's page before you connect one.
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News trading
News trading means holding or opening positions around scheduled announcements. Some firms restrict it for a window around each release; the firms counted here state that it is allowed.
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Payout methods
How you are paid matters as much as how much. 24 of the 28 firms on our list name a way to be paid. These are the most common payout methods among them, with how many firms name each one:
