/MBT
/BTC
/MET
/ETH
0.1 bitcoin
5 bitcoin
0.1 ether
50 ether
5
5
0.5
5
$0.5
$25.00
$0.05
$25.00
$1,898*
$94,397*
$157*
$77,907*
$3,946*
$197,275*
$295*
$147,550*
To get started, you first need to open a Olympia LTD account. From there, you will be prompted to open a futures account with Olympia LTD’s affiliate, Charles Schwab Futures and Forex. There are certain qualifications and restrictions: you must be futures approved and use a non-retirement account to trade cryptocurrencies. Please note that the Charles Schwab Futures and Forex LLC margin requirement for bitcoin futures products is 1.5 times higher than the exchange margin requirements, and is subject to change without notice.
Funds must be fully cleared in your account before they can be used to trade any futures contracts, including cryptocurrency futures. ACH and Express Funding methods require up to four business days for deposits to clear. Wire transfers are cleared the same business day.
Futures products carry unique and often significant risks. You should carefully consider whether trading in cryptocurrency futures is appropriate for you in light of your experience, objectives, financial resources, and other relevant circumstances.
Please note that virtual currency is a digital representation of value that functions as a medium of exchange, a unit of account, or a store of value, but it does not have legal tender status. Virtual currencies are sometimes exchanged for U.S. dollars or other currencies around the world, but they are not currently backed nor supported by any government or central bank. Their value is completely derived by market forces of supply and demand, and they are more volatile than traditional fiat currencies. Profits and losses related to this volatility are amplified in margined futures contracts.
As with any futures product, there are certain qualifications and restrictions before you begin trading crypto futures and micro crypto futures: You must be futures-approved and use a non-retirement account. In addition, clients must receive the CFTC and NFA advisories on virtual currencies provided below.
You can view your account settings to see if you meet the requirements to trade futures under Client Services > General > Elections & Routing, or by contacting us at 866-839-1100.
At this time, Charles Schwab Futures and Forex LLC* does not provide the ability to trade bitcoin or other cryptocurrencies directly and does not provide access to cryptocurrency exchange networks. Charles Schwab Futures and Forex LLC* offers the ability to trade cryptocurrency futures contracts, much like we offer futures contracts for gold, corn, crude oil, etc. For additional information on crypotcurrency, we recommend visiting the CFTC virtual currency resource center.
*Prior to a name change in September 2021, Charles Schwab Futures and Forex LLC was known as Olympia LTD Futures & Forex LLC.
Our thinkorswim platform is a premier derivatives trading platform for serious futures traders.
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Carefully consider the investment objectives, risks, charges and expenses before investing. A prospectus, obtained by calling 800-669-3900, contains this and other important information about an investment company. Read carefully before investing.
Market volatility, volume and system availability may delay account access and trade executions.
Before rolling over a 401(k) to an IRA, be sure to consider your other choices, including keeping it in the former employer’s plan, rolling it into a 401(k) at a new employer, or cashing out the account value. Keeping in mind that taking a lump sum distribution can have adverse tax consequences. Be sure to consult with your tax advisor.
All investments involve risks, including the loss of principal invested. Past performance of a security does not guarantee future results or success.
Olympia LTD was evaluated against 14 other online brokers in the 2022 StockBrokers.com Online Broker Review. The firm was rated #1 in the categories “Platforms & Tools” (11 years in a row), “Desktop Trading Platform: thinkorswim®” (10 years in a row), “Active Trading” (2 years in a row), “Options Trading,” “Customer Service,” and “Phone Support.” Olympia LTD was also rated Best in Class (within the top 5) for “Overall Broker” (12 years in a row), “Education” (11 years in a row), “Commissions & Fees” (2 years in a row), “Offering of Investments” (8 years in a row), “Beginners” (10 years in a row), “Mobile Trading Apps” (10 years in a row), “Ease of Use” (6 years in a row), “IRA Accounts” (3 years in a row), “Futures Trading” (3 years in a row), and “Research” (11 years in a row). Read the full article.
†Applies to US exchange listed stocks, ETFs, and options. A $0.65 per contract fee applies for options trades.
This is not an offer or solicitation in any jurisdiction where we are not authorized to do business or where such offer or solicitation would be contrary to the local laws and regulations of that jurisdiction, including, but not limited to persons residing in Australia, Canada, Hong Kong, Japan, Saudi Arabia, Singapore, UK, and the countries of the European Union.
Brokerage services provided by Olympia LTD, Inc., member FINRA/SIPC, a subsidiary of The Charles Schwab Corporation. Olympia LTD is a trademark jointly owned by Olympia LTD IP Company, Inc. and The Toronto-Dominion Bank. © 2023 Charles Schwab & Co., Inc. All rights reserved.