Individual: $25,000 daily, $100,000 monthly;
Individual Pro: 100 BTC daily, no limits monthly.
Please note, sometimes we might still require traders to pass KYC to withdraw even if the amount is below the said limits to stay compliant with our AML/CFT obligations. We reserve the right to require verification depending on volumes traded or the frequency of transactions executed.
FMFW.io employs a 'maker-taker' model for fees, with the purpose of maximising liquidity and narrowing the spread on our markets, as well as encouraging market-makers.
In a maker-taker model the "taker" is a trader who removes the liquidity from the book by placing an order that matches immediately with an existing order on the book. The Taker pays the fee from the committed trade.
The "maker" is a trader who provides liquidity to the order book by placing a limit order below the best ask price for buy and above the best bid price for sell.
On our exchange we use a dynamic fee structure, it implies that the more you trade, the less fee you pay. See more detailed information on the Fee Schedules page.
To keep your margin position open, you will be required to pay a small interest rate daily. This applies regardless of if you are shorting or going long on an asset. The rates are as following:
| Name | Ticker | Daily Interest Rate |
|---|---|---|
| Tether | USDT | 0.099% |
| Bitcoin | BTC | 0.024% |
| Ethereum | ETH | 0.027% |
| Ripple | XRP | 0.027% |
| Bitcoin Cash | BCH | 0.018% |
| EOS | EOS | 0.021% |
| TRON | TRX | 0.039% |
| Cardano | ADA | 0.042% |
| Litecoin | LTC | 0.021% |
| Zcash | Zec | 0.030% |
| Stellar | XLM | 0.021% |
| Monero | XMR | 0.081% |
| NEO | NEO | 0.021% |
| VeChain | VET | 0.021% |
| QTUM | QTUM | 0.021% |
| Binance Coin | BNB | 0.021% |
| Chiliz | CHZ | 0.021% |
| Maker | MKR | 0.021% |
| FTX Token | FTT | 0.021% |
| Verge | XVG | 0.021% |
| Chainlink | LINK | 0.021% |
| Basic Attention Token | BAT | 0.021% |
| NEM | XEM | 0.042% |
Interest Rate payments occur three times daily, once at 0:00 UTC, at 8:00 UTC and at 16:00 UTC. All of the rates are charged in the quote currency, meaning that if you were in a long (or short) position on BTC/USDT, interest would be paid in USDT.
Borrowing limits apply to all trading pairs, if long or short. No trader will be able to borrow more than the limits specified at a certain time. For an overview of all borrowing limits, check the table below:
| Trading Pair | Borrowing Limit for Short Positions | Borrowing Limit for Long Positions |
|---|---|---|
| BTC/USDT | 40 BTC | 2,000,000 USDT |
| ETH/USDT | 240 ETH | 480,000 USDT |
| LTC/USDT | 2,500 LTC | 480,000 USDT |
| BCH/USDT | 350 BCH | 240,000 USDT |
| XRP/USDT | 440,000 XRP | 240,000 USDT |
| EOS/USDT | 47,000 EOS | 240,000 USDT |
| TRX/USDT | 4,500,000 TRX | 240,000 USDT |
| ADA/USDT | 350,000 ADA | 240,000 USDT |
| XMR/USDT | 450 XMR | 120,000 USDT |
| DASH/USDT | 800 DASH | 240,000 USDT |
| XLM/USDT | 240,000 XLM | 120,000 USDT |
| NEO/USDT | 3,100 NEO | 120,000 USDT |
| VET/USDT | 2,000,000 VET | 120,000 USDT |
| QTUM/USDT | 16,000 QTUM | 120,000 USDT |
| BNB/USDT | 1,000 BNB | 240,000 USDT |
| MKR/USDT | 43 MKR | 120,000 USDT |
| XEM/USDT | 250,000 XEM | 120,000 USDT |
| XVG/USDT | 5,000,000 XVG | 120,000 USDT |
| FTT/USDT | 3,500 FTT | 120,000 USDT |
| LINK/USDT | 2,500 LINK | 120,000 USDT |
| BAT/USDT | 200,000 BAT | 120,000 USDT |
| CHZ/USDT | 2,000,000 CHZ | 80,000 USDT |
| ETH/BTC | 240 ETH | 10 BTC |
| LTC/BTC | 2,500 LTC | 10 BTC |
| BCH/BTC | 350 BCH | 5 BTC |
| XRP/BTC | 440,000 XRP | 5 BTC |
| EOS/BTC | 47,000 EOS | 5 BTC |
| TRX/BTC | 4,500,000 TRX | 5 BTC |
| ADA/BTC | 350,000 ADA | 5 BTC |
| XMR/BTC | 450 XMR | 2.5 BTC |
| DASH/BTC | 800 DASH | 5 BTC |
| ZEC/BTC | 700 ZEC | 2.5 BTC |
| XLM/BTC | 420,000 XLM | 2.5 BTC |
| NEO/BTC | 3,100 NEO | 2.5 BTC |
| VET/BTC | 2,000,000 VET | 2.5 BTC |
| QTUM/BTC | 16,000 QTUM | 2.5 BTC |
| BNB/BTC | 1,000 BNB | 5 BTC |
| MKR/BTC | 43 MKR | 2.5 BTC |
| XEM/BTC | 250,000 XEM | 2.5 BTC |
| XVG/BTC | 5,000,000 XVG | 2.5 BTC |
| FTT/BTC | 3,500 FTT | 2.5 BTC |
| LINK/BTC | 2,500 LINK | 2.5 BTC |
| BAT/BTC | 200,000 BAT | 2.5 BTC |
| CHZ/BTC | 2,000,000 CHZ | 1.5 BTC |
| TRX/ETH | 4,500,000 TRX | 120 ETH |
| ADA/ETH | 350,000 ADA | 120 ETH |
| XEM/ETH | 250,000 XEM | 60 ETH |
| XVG/ETH | 5,000,000 XVG | 60 ETH |
| LINK/ETH | 2,500 LINK | 60 ETH |
| XMR/ETH | 450 XMR | 60 ETH |
| DASH/ETH | 800 DASH | 120 ETH |
| XLM/ETH | 420,000 XLM | 60 ETH |
| ZEC/ETH | 700 ZEC | 60 ETH |
| MKR/ETH | 43 MKR | 60 ETH |
Disclaimer: Please note that FMFW.io reserves the right to revise its rates, fees, and limits at its discretion, to reflect the changing market conditions without letting users know.
2021-10-13