ETH
USD
What ETHUSD means
ETHUSD is the price of Ether (ETH), the coin of the Ethereum network, quoted in US dollars. On a CFD (contract for difference) platform you do not buy Ether. You open a contract whose profit or loss follows the change in the ETHUSD price.
Ethereum is listed among the instruments in Exness Help Center material. It appears in the list of instruments eligible for unlimited leverage: Forex majors and minors, DXY, USDCNH, HKDJPY, USDHKD, USDTHB; all commodities except XAUUSD247; BTCUSD, BTCUSDT, ETHUSD, ETHBTC. Before you trade, check the current symbol name, contract size, spread, trading hours and swap in the symbol specification inside your platform.
What Ethereum is
- Smart-contract platform. Ethereum runs programs called smart contracts. Developers build tokens, lending apps, exchanges and other services on it.
- Proof of stake. Validators lock up ("stake") ETH to confirm transactions and earn rewards. This replaced the older mining model in an upgrade called "The Merge".
- Gas fees. Every transaction pays a fee in ETH, called gas. Part of the fee is burned, which removes those coins from supply.
- Network upgrades. Ethereum changes through planned upgrades that affect fees, speed and supply. Rollup networks built on top of Ethereum handle many transactions more cheaply.
What moves the ETHUSD price
- Overall crypto sentiment. ETH often moves together with Bitcoin. See BTCUSD (Bitcoin).
- Network activity. Demand for block space, gas usage and the amount of ETH staked or burned.
- Upgrades and technical events. Upgrade news, delays, bugs and hacks of apps built on Ethereum.
- Regulation. Decisions by regulators in major markets, including rulings on exchange-traded products and staking.
- US dollar and interest rates. Tighter global money conditions have often hit speculative assets. See Fundamental analysis.
- Liquidity and leverage in the crypto market. Large forced liquidations on crypto exchanges can push the price sharply in either direction.
Extreme volatility
ETHUSD can move by a large share of its value within hours. Moves are often bigger than in forex pairs or gold. Spreads can widen during fast markets and at quiet hours. Leveraged CFD trading can lose money fast, and with ETHUSD this can happen in minutes. Read Risk management before you open a position.
Ethereum CFD vs holding the coin
| Point | ETHUSD CFD | Holding ETH |
|---|---|---|
| Ownership | No coin, only a price contract | You own the coin |
| Wallet and keys | Not needed | You or an exchange keep the private keys |
| Direction | Long or short | Profit only if the price rises (without other tools) |
| Leverage | Available, so losses can exceed what a small price move suggests | Usually none |
| Overnight cost | Swap may apply, depending on account status | No swap |
| Staking rewards | None | Possible |
| Trading hours | Set by the broker; check the specification | The crypto market runs continuously |
For more detail, see Crypto CFD vs buying coins and Crypto CFDs.
Pip value and margin
A pip is the smallest standard price step used to measure a move. Pip size for ETHUSD is set in the symbol specification. Use the calculator to see what a pip is worth for your lot size in the quote currency and your account currency:
Fill in the empty fields to see the result.
Margin is the amount the broker holds to keep a position open. It depends on lot size, price and leverage. Check the margin for your position here:
Fill in the empty fields to see the result.
Confirmed Exness conditions relevant to ETHUSD
- Unlimited leverage eligibility. ETHUSD is on the eligible list. Unlimited leverage needs these conditions to be met on real accounts: equity below 5,000 USD and at least 10 closed orders totalling 5 lots or more across real accounts. Higher leverage also means losses come faster.
- Execution. On the Pro account, execution is instant (forex, metals, energies, stocks, indices), market (cryptocurrencies).
- Standard Cent. The cent version ETHUSDc has a maximum volume of 200 lots day and night (ETHUSDc 2000 lots). Platform note: MT4 and MT5 (BTCUSDc, ETHUSDc not on MT4). See Standard Cent account.
- Swaps. Exness states: "Clients registered from Islamic countries are assigned swap-free status automatically". Pakistan is in that list. Exness also says by default all accounts are swap-free on listed instruments; the status can be lost. Check the swap in the specification. See Swap fees.
- Margin call and stop out. Standard Cent: margin call 60%, stop out 0%; Standard: margin call 60%, stop out 0%; Pro: margin call 30%, stop out 0%; Raw Spread: margin call 30%, stop out 0%; Zero: margin call 30%, stop out 0%. Exness notes that 0% stop out not supported in some countries; may vary.
- Negative balance. Balance reset to 0 after stop out.
Other details are not confirmed here, including the spread, commission per account and weekend hours for ETHUSD. Check them in the platform or the Exness personal area. Compare accounts on Account types.
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Partner link · trading carries a high risk of loss
Legal position in Pakistan
Pakistani regulators have published statements on offshore trading platforms. On remittances, per the SBP, remitting foreign exchange to overseas forex/margin/CFD platforms is not allowed through any payment channel (FERA s.5(1)). On residents' purchases, per the SBP, the purchase of offshore forex/margin/CFD products by Pakistani residents violates section 4(1) of FERA 1947. On protection, per the SECP, offshore platforms have no Pakistani licence or oversight and offer no legal protection or recourse. Read Law and regulators and Regulation and Safety before you decide anything.
Frequent questions
Is ETHUSD the same as buying Ethereum?
No. A CFD only tracks the price. You do not own coins, cannot send them to a wallet and do not receive staking rewards.
Can I trade ETHUSD on MT4?
The cent symbol ETHUSDc is not available on MT4 (MT4 and MT5 (BTCUSDc, ETHUSDc not on MT4)). For other accounts, check the symbol list in your platform. See MetaTrader 5.
Is ETHUSD swap-free for traders in Pakistan?
Exness lists Pakistan among countries where clients get swap-free status automatically. The status can be lost, so check the swap in the symbol specification.
Why is ETHUSD riskier than forex?
Its price moves are usually much larger and faster. With leverage, a short move against you can wipe out the margin on a position.
Can I practise first?
Yes. A demo account lets you test platform behaviour without real money. See Demo account. Note that the Standard Cent account has demo not available.
