About Deposits
Is USDx a cryptocurrency?
No. USDx is not a cryptocurrency. It is a unit used on the platform to display your balance in U.S. dollars. USDx is pegged 1:1 to USDT-denominated assets.
Why did my USDT become USDx? Have I incurred any losses?
No, you have not incurred any losses. When you transfer USDT to your CFD account, it will be displayed as USDx. This is to meet regulatory compliance requirements. Your assets remain 100% backed by USDT, with no manual conversion required and no additional fees or custody charges.
Currently, the platform supports transferring USDT, USDC, USD1, and GUSD to a CFD account. When transferring non-USDT assets, they are first instantly converted to USDT and then transferred. The conversion rate is based on the real-time exchange rate.
Can I withdraw USDx?
No. USDx is neither fiat currency nor a cryptocurrency. It is only used as the accounting and display unit for CFD assets. You can transfer your CFD assets back to your Gate account and then withdraw USDT as usual.
Why use USDx?
USDx helps us display your balance clearly and consistently while meeting regulatory standards. Your funds remain under your control and are 100% backed by USDT.
About Accounts
Does CFD (MT5) support sub-accounts?
No. MT5 does not support sub-accounts. Only a Gate main account can activate a CFD (MT5) account.
What is the difference between the master password and the read-only password?
The master password provides full access to your MT5 account, allowing you to view account information and trade. The read-only password only allows you to log in and view account information; it cannot be used for trading. The system automatically generates an initial password when the account is opened. You can click [Reset] to change it.
How are CFD products on CFD (MT5) settled?
All CFD products are settled in U.S. dollars, while your deposit currency is USDT. When you trade CFDs, the system automatically handles the conversion between USDT and U.S. dollars.
About Trading
Leverage for CFD Contracts
Different CFDs offer different leverage levels (forex contracts can offer leverage of up to 500x). You can view this information in the contract details and select the leverage level that best suits your needs.
What is the maximum number of orders and positions for CFD contracts?
You can place up to 300 orders and hold up to 300 positions.
Why can’t I add to an existing position?
CFD contracts use an independent position mode. Each time you open a position by buying or selling, a separate position is created and managed independently. Using AAPL as an example:
If you buy 1 lot at 300 and another 1 lot at 310, two separate AAPL long positions will be created, with average opening prices of 300 and 310, respectively.
Why does my equity still fluctuate when I hold the same number of lots in both long and short positions?
CFD positions calculate unrealized P&L based on the counterparty price. Changes in the spread between the bid and ask prices may change the difference in unrealized P&L between long and short positions, thereby affecting your equity. Using AAPL as an example:
Suppose you hold 1 lot in a long position at 300 and 1 lot in a short position at 310. The best ask price is 305.2, the best bid price is 305.0, and the spread is 2. At this time, the unrealized P&L of your long position is 5.2 USDx, while the unrealized P&L of your short position is 5 USDx, for a total unrealized P&L of 10.2 USDx. If the spread widens to 4, with the best ask price changing to 305.3 USDx and the best bid price changing to 304.9 USDx, the unrealized P&L becomes 10.4 USDx. In this case, the long and short position sizes are fully hedged, but your equity still increases.
Disclaimer
The content provided herein is for reference and educational purposes only and does not constitute any financial, investment, trading, or legal advice, nor does it constitute an offer or solicitation to buy or sell any digital assets. Gate makes no express or implied representations or warranties regarding the accuracy, completeness, or timeliness of the information contained herein. Product features, interfaces, rules, and fee structures may be updated or adjusted at any time. Please refer to the latest announcements and the actual information displayed on the Gate platform for the most accurate details.
Digital asset investments involve significant risk, and prices may fluctuate substantially. You may lose the entire amount of your investment. Please make decisions cautiously based on your own financial situation and risk tolerance after fully understanding the associated risks. If necessary, you are advised to consult an independent professional financial or legal advisor.
For more information about potential risks, please refer to Gate's Risk Disclosure and User Agreement.
