1. Loan and Repayment

By choosing Automatic mode in Margin Trading, users do not need to loan or repay manually. The system will judge whether the user needs a loan based on the available asset and order amount. If the order amount is greater than the user‘s available asset, the system will perform a loan automatically and the interest will be counted immediately. When the order is cancelled or partially filled, the system will repay the loan automatically to avoid the interest generated by the idle loan. 

2. Available Amount/Quota

In Automatic mode, the system will display the available amount to users based on the leverage selected and user‘s asset in the Margin account (Available amount = Nett asset + Maximum loan amount). 

Introduction of MXC Index Product

I. Overview MXC Index Product selects spot assets of good liquidity as underlying assets and determines their weightings in the initial…

3. Unpaid Loan

If the user has an unpaid loan, the system will first repay the interest and then the loan amount when the user transfers the corresponding asset into Margin account. Users will have to repay the outstanding loan to be able to switch trading mode.

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FAQ for MEXC Index Product

1. What is MEXC Index Product? MEXC Index Product is a kind of open-ended fund. By buying/selling the shares of index product, users can…