MEXC Launches AUDUSD CFD Trading with 0.70835 Starting Price
The Australian Dollar (AUD) is available for trading against the US Dollar through Contracts for Difference (CFD) on MEXC. This means that investors can buy or sell AUDUSD contracts, with prices starting at 0.70835 AUD per USD and a minimum order size of 0.01 units. The contract size is set to 100,000.0 units, and the tick size is 5.
The trading hours for AUDUSD CFDs on MEXC are Monday to Friday from 05:00 to 24:00 GMT, with a 24-hour trading schedule. During this time, investors can place orders with leverage of up to 500:1, and the maintenance margin is set at 0.20% for both buy and sell positions.
The swap rates for AUDUSD CFDs are -3.17 points for long positions and -5.183 points for short positions. This means that investors who hold a long position will incur a negative swap charge, while those with a short position will be charged positively.