#TradFiCFDGoldMasters

Gate has recently been making a significant push into the TradFi (Traditional Finance) sector by blending collateral unique to the crypto world with traditional market instruments.

Here is a brief summary of what this promotion offers and how it works:

Rewards and Benefits

Grand Prize Pool: A tiered leaderboard prize pool that can reach up to 500,000 USDT.

Hourly Gold Draws: Regular draws where 1 gram of physical gold is awarded every hour.

VIP Benefits: If you are at VIP level 5 or higher on the platform, you can participate in exclusive daily draws for a chance to win 5 grams of physical gold.

Welcome Bonus: Investors new to the TradFi system receive a position coupon worth 200 USDx to try out the system.

How Do Gate TradFi CFDs Work?

If you haven't used Gate's TradFi tab before, you should know that it operates slightly differently from standard crypto perpetual futures products:

Currency (USDx): Your collateral is displayed in USDx, Gate's internal accounting unit for traditional assets. It is pegged 1:1 to USDT, meaning you do not need to manually convert your crypto assets or pay conversion fees to trade.

Assets: You can trade macro assets such as gold ($XAU$), silver, crude oil, major forex pairs, and US stocks/indices.

The backend system runs on the MetaTrader 5 (MT5) infrastructure; In other words, it follows standard traditional financial market hours (no trading on weekends) and employs fixed leverage tiers (up to 500x for forex and metals, and a maximum of 5x for individual stocks).

Contract for Difference (CFD) trading relies heavily on the use of leverage. Although Gate utilizes a cross-margin model that allows you to hedge your positions, the system triggers an automatic forced liquidation if your account margin ratio drops to 50% or below. If you use that 200 USDx coupon, remember to keep a close eye on your leverage limits!
‍$XAUUSD $NAS100 $USD1