1. Account Features
- Account Name: Cryptocurrency Paper Trading Account
- Initial Balance: $1,000,000 USD
- Cash Account (no margin)
- Supported Currencies: HKD and USD
- Short Selling: Not supported
2. Supported Cryptocurrencies
Trade the following USD/HKD-quoted pairs:
- Bitcoin (BTC)
- Ethereum (ETH)
- Avalanche (AVAX)
- Chainlink (LINK)
👉 Learn how to trade Bitcoin and Ethereum like a pro
3. Trading Hours
Orders can be placed, canceled, and matched during these windows:
- Daylight Saving Time: 7:15(T) – 7:00(T+1) UTC
- Standard Time: 8:15(T) – 8:00(T+1) UTC
4. Settlement Periods
- No new orders
- Cancellations allowed
No order matching
- Daylight Saving: 7:00–7:15 UTC
- Standard Time: 8:00–8:15 UTC
5. Trading Rules
- T+0 Settlement: Sell and rebuy cryptocurrencies the same day.
- Unlimited day trades.
6. Order Types
- Limit Orders Only (no market orders)
- Good-Til-Canceled (GTC) – no "Day Only" orders.
7. Fee Structure
| Fee Type | Rate | Minimum |
|------------------------|-------------------------------|---------------------------|
| Commission | 0.02% of trade value | – |
| Platform Usage Fee | 0.08% of trade value | $1.99 USD or 15 HKD/order |
👉 Compare fees across top crypto platforms
8. Matching Rules
Orders enter the matching queue when:
- Buy order price > Latest price AND
- Sell order price < Latest price.
FAQs
Q: Is paper trading risk-free?
A: Yes! No real funds are used.
Q: Can I short cryptocurrencies?
A: No—this simulator only supports long positions.
Q: Are fees deducted from my $1M balance?
A: No. Fees are simulated for realism but never charged.
Q: What’s the advantage of T+0 settlement?
A: Instant liquidity—reuse funds immediately after selling.
Disclaimer: Rules and data reflect the paper trading system only. No actual fees are incurred.
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