SNXUSD# (Synthetix Network Token / US Dollar) Trading with XM

At XM, we offer SNXUSD# (Synthetix Network Token / 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.

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Risk warning: FX and CFD trading involves a high risk of loss.


Do I need a crypto wallet to trade SNXUSD# at XM?

No, you do not. When trading SNXUSD# at XM, you are in essence speculating on the price movement of SNXUSD# by trading on a SNXUSD# CFD.

You do not need to actually own any cryptos, and therefore you do not need to have a crypto wallet.

Can I short SNXUSD# with XM?

Yes. You can take a buy or sell trade on the SNXUSD# pair or other SNX related pairs which may be offered in the future.

What time is SNXUSD# available for trading?

SNXUSD# is available for trading 24 hours a day, 7 days a week.

Can I trade SNXUSD# on the MT4 and MT5 platforms?

SNXUSD# trading is available on the XM MT4 and MT5 platform. The XM MT4 and 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) 0.030
Symbols SNXUSD#
Description Synthetix Network Token vs US Dollar
Min. Price Fluctuation 0.00100
Value of Minimum Price Fluctuation 1 USD
Value of 1 lot 1,000 Synthetix Network Tokens
Min/Max Trade Size 0.01/400
Swap Value in Margin Currency Long 0
Swap Value in Margin Currency Short 0
Limit and Stop Levels** 0
Volume in Lots Margin (%) Leverage
0-200 2 50:1
200+ 100 1:1
For more information about dynamic margin percentage, please click here.
Weekday 00:00 - 00:00 (GMT +3)
Saturday 00:00-10:05,10:35-00:00 (GMT +3)   │   Sunday 00:00-00:00 (GMT +3)
** Min. level for placing pending orders at a current market price.

How to Start Trading SNXUSD# (Synthetix Network Token / US Dollar)?

Step 1

Open an XM Real Account

Step 2

Download and log in to either the MT4 or MT5 platform

Step 3

Double-click on SNXUSD# (Synthetix Network Token / 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.