How to Trade Bitcoin CFDs on MT5

A CFD, or contract for difference, is an agreement between you and the broker to exchange the difference in Bitcoin's price between the time you open and close the trade. Because it is cash-settled, there is no custody involved on either side — you are not buying coins that then sit in a wallet, and MixFunded is not holding Bitcoin on your behalf.

This is the correct way to understand a MixFunded account: the crypto exposure is entirely CFD-based on a simulated trading account. Buying an evaluation with crypto at checkout is a separate action from trading crypto CFDs once the account is live — the first is a payment method, the second is the product you are being tested or funded on.

On MT5, Bitcoin is typically quoted with a contract size of 1 BTC per standard lot, though this varies by symbol specification and should always be checked in the platform before sizing a trade. A 0.01 lot position therefore represents 0.01 BTC of notional exposure, and profit or loss moves in proportion to that notional value, not to your margin outlay.

Because Bitcoin's price per unit is large relative to instruments like EURUSD, small lot sizes still carry meaningful dollar exposure. A $1 move in BTC on a 0.10 lot position is worth $0.10 per point of movement, which sounds trivial until you remember that Bitcoin can move hundreds of dollars within a single session. Position size should always be derived from your cash risk and the distance to your stop, not from habit carried over from forex.

MixFunded applies materially lower leverage to crypto than to forex majors, which reflects the wider typical range of crypto price movement. On evaluation accounts leverage is 1:20 for crypto against 1:100 for forex; on PAPP it is 1:10 against 1:50; on Instant Funded accounts it is 1:5 against 1:30.

Lower leverage does not reduce your market risk — it reduces the size of position the same margin can control. In practice this means crypto positions require more margin per unit of exposure than forex ones, which is a sensible constraint given how much further Bitcoin's price can travel in a single day compared with a major currency pair.

Bitcoin's spread tends to widen during low-liquidity periods, including the weekend, when spot volume falls and the CFD price can gap on news that would otherwise be absorbed during the week. A wider spread erodes the edge of short-term strategies and should be checked in the platform before entering a trade rather than assumed to be constant.

Weekend price action carries its own drawdown risk on a funded account. Crypto markets trade continuously, so a position held into the weekend is exposed to news and liquidity events with no ability to exit until the market you are watching becomes active again. On MixFunded evaluations the daily drawdown limit is 5% and the maximum is 10%; on PAPP it is 3% daily and 8% max; on Instant Funded it is 3% daily and 6% static max. A weekend gap large enough to breach any of these figures ends the account regardless of how the trade eventually resolved.