Some positions are secured with real assets, and others use CFDs.
- Trading real crypto assets means that we purchase the tokens on your behalf and register them in a segregated account under your name. Once the position is closed, we sell the coins on your behalf, and the invested amount +/- any profits or losses are converted to fiat currency.
- CFD stands for Contract for Difference. CFD trading enables you to trade an asset by engaging in a contract with Monyxa to replicate market conditions without buying the underlying asset.
If you decide to withdraw by using crypto currency, we have to first convert your crypto into fiat currency as it exists the trade markets, since withdrawals and trading are two separate things. Then we will send you the equivalent to your crypto wallet.