About Deposits
Is USDx a cryptocurrency?
No. USDx is not a cryptocurrency. It is a unit of account used by the platform to display your balance in USD. USDx is pegged 1:1 to USDT-denominated assets.
Why did my USDT become USDx? Will I incur any losses?
No, you will not incur any losses. When you transfer USDT to your CFD account, the system displays it as USDx to meet regulatory compliance requirements. Your assets remain 100% backed by USDT. No manual conversion is required, and there are no additional fees or custody fees.
Currently, the platform supports transferring USDT, USDC, USD1, and GUSD to CFD accounts. When transferring non-USDT assets, the system first instantly converts them to USDT before completing the transfer. 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 serves only 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 at all times and are 100% backed by USDT.
About Accounts
What is the difference between the master password and the read-only password?
The master password gives you 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. Initial passwords are automatically generated when the account is opened. You can click [Reset] to change them.
How are CFD products on CFD (MT5) settled?
All CFD products are settled in USD, while your deposit currency is USDT. When you trade CFDs, the system automatically handles the conversion between USDT and USD.
About Trading
CFD Contract Leverage
Different CFDs offer different leverage levels (forex contracts can offer up to 500x leverage). You can view the relevant information in the contract details and choose the leverage level that best suits your needs.
How can I confirm whether I can trade CFDs on weekends?
After logging in, go to “Contract Information → Trading Hours” for the relevant market on the CFD trading page. Copy traders need to switch to the copy trading tab to view this information. Using XAUUSD as an example:
- Web: CFD trading page → Select XAUUSD → Contract Information → Trading Hours
- App (version 8.41.5 and later): TradFi → CFD → XAUUSD → Information → Trading Hours
24/7 trading is currently available for internal testing, and trading hours may vary between accounts. Please refer to the information displayed on your account page. App versions earlier than 8.41.5 may not display complete trading hours. Please upgrade first.
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.
Are there any special rules for the XAUUSD market?
For 1000x XAUUSD, the maximum transaction size per trade is 0.1 lots, and the maximum total position limit is 0.5 lots.
Why can’t I add to an existing position?
CFD contracts use 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 then buy another 1 lot at 310, the system will create 2 separate AAPL long positions, with average opening prices of 300 and 310, respectively.
Why does my equity still fluctuate when my long and short positions have the same number of lots?
CFD positions calculate unrealized P&L based on counterparty prices. Changes in the bid-ask spread may alter the difference in unrealized P&L between long and short positions, affecting your equity. Using AAPL as an example:
Assume you hold a 1-lot long position at 300 and a 1-lot 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 point, 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 changing to 305.3 USDx and the best bid changing to 304.9 USDx, total unrealized P&L becomes 10.4 USDx. In this case, although the long and short position sizes are fully hedged, your equity will still increase.
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.
