What is Lightning FX?

Overview

In Lightning FX, you can margin trade bitcoin by making a deposit and then making a settlement.

With leverage, you can trade a larger amount than your deposited funds.

Amplify the reach of your funds by taking advantage of Lightning FX's 15x leverage capabilities.

Increase your trading efficiency and achieve better results by trading with more than your original deposit amount.

In addition, you can take a short position, allowing you to make a profit even when the Bitcoin prices drop.

Trading is open on weekends and holidays as well.

  • Spot trading
    Buy low and sell high
    • Spot trading:Buy low and sell high
  • Lightning FX
    There are opportunities for profit in both bear and bull markets with Lightning FX.
    • Long Position
      Long Position
    • Short Position
      Short Position

Benefits of Lightning FX

Up to 15x leverage!

Trade Bitcoins with up to 15x the value of your margin deposit.

15x leverage means that if, for example, you have a margin deposit of 100,000 JPY, you can trade with the value of 1,500,000 JPY.

Make a large trade with a small deposit
Make a large trade with a small deposit.

You can trade with large amounts but be aware that there is a risk you may sustain losses greater than the amount of your deposited funds.

Enjoy 10x the volatility of dollar/yen!

Lightning FX is perfect for investors looking for high-risk high-return trading. Bitcoin has approximately 10x the volatility of dollar/yen. This is your chance to potentially make bigger profits in a short period of time, such as day trades!

  • High Volatility
    High Volatility

    ‘Volatility’ is a term that refers to the degree of variation of a trading price.

    If for example a bitcoin today worth 600,000 JPY is worth 660,000 JPY tomorrow, it has a volatility of 10%.

    Bitcoin has approximately 10x the volatility of dollar/yen. This is your chance to potentially make bigger profits in a short period of time, such as day trades!

Right now the transaction commission fee is zero!

To celebrate the release of Lightning FX, trades are commission fee free, so you can make trades without any transactional cost applied!

Swap points will still apply. (For information on swap points, please refer to the Lightning FX User Guide.)

Trade 24 hours a day, 7 days a week!

Being able to trade on weekends and national holidays is a merit unavailable with ordinary financial instruments. Have fun trading whenever you like at times that best suit you.

Lightning FX trading times
ビットコインの取引時間:24時間365日/一般的なFXは土日取引不可

Other benefits

Lightning FX has many other benefits!

  • 1/1000BTCから取引可能
    You can start with just a small amount

    bitFlyer's minimum trade amount is 0.001 BTC.

    Using the current rate (October, 2017) of 1 bitcoin (approx. 600,000 JPY), you can trade as little as 600 JPY and, with 15x leverage, this is achieved with a deposit of only 40 JPY. Why not give Bitcoin trading a go and start off with just a small sum!

  • 特殊注文可能
    You can send special orders too

    With Lightning FX, there are various ways to place orders. By combining an array of order terms, you can place orders with a higher level of freedom than before. Both stop-loss and take-profit orders can be easily placed depending on your combination of order terms, allowing users unable to keep an eye on the Bitcoin market during the day to still enjoy trading.

  • API公開
    API is available

    By making use of the bitFlyer API, you can view orders, published trading history, and order books.

    You can also place new orders, cancel existing orders, and check your account balance.

    In addition to its web API, bitFlyer also offers a real-time PubNub feed.

    If you use PubNub, you can even receive data on iOS, Android, Ruby, JavaScript, Java, Objective C, .NET, and Node.js.

  • ビットコインで証拠金の差し入れが可能
    Margin deposits can be deposited in Bitcoin

    You can now deposit Bitcoin for use as collateral on Lightning FX in addition to Japanese yen.

    Your Bitcoin margin deposit is converted to Japanese yen at 80% of the last trade price of the Lightning Spot (BTC) market.

How to start trading

  1. In order to trade on Lightning FX, you must set up an account and upgrade your account to an account class enabling the use of Lightning FX.
  2. Click the ‘BTC-FX’ tab in the upper part of the Lightning screen. Next, display the menu by selecting ‘Menu’ from the upper-left section of the BTC-FX screen.
    メニューを開く。
  3. Click ‘Funds’ from the menu on the left of the screen.
    メニュータブの「入出金」をクリックする。
  4. Click the 'Lightning FX/Futures account' tab, enter the amount of your deposit, and click 'to Margin Account'.
    BTC-FX口座に預入れする。
  5. Return to the trading screen and check the amount of your ‘Margin Deposit’. You can carry out trades to a value of 15 times your deposit.
    BTC-FX口座に預入れする。
  6. Below is an explanation of the information shown.
    YTD P&L
    This is the P&L from the beginning of the year until now.
    MTD P&L
    This is the P&L from the beginning of the month until now.
    Daily P&L
    This is the P&L from AM 0:00 (JST) today until now.
    Trading P&L
    This is the P&L of today's trades
    Delta
    Delta = (BTC spot + BTC-FX position + BFT position) * LTP in BTC spot market + ETH spot * LTP in ETH/BTC spot market * LTP in BTC spot market + BCH spot * LTP in BCH/BTC spot market * LTP in BTC spot market + ETC spot * Price in ETC marketplace + LTC spot * Price in LTC marketplace
    Bitcoin
    BTC possession
    BTC-FX
    BTC-FX position
    BTC/JPY-*****20**
    BFT position
    Yen
    Yen possession
    Total Net Assets
    Total Net Assets =
    (BTC spot + BTC margin deposit) * LTP in BTC spot market + ETH spot * LTP in ETH/BTC spot market * LTP in BTC spot market + BCH spot * LTP in BCH/BTC spot market * LTP in BTC spot market + ETC spot * Price in ETC marketplace + LTC spot * Price in LTC marketplace + Yen possession + Yen margin deposit + Profit or loss from valuation

About Margin

Before being able to trade on Lightning FX, it is necessary to make a margin deposit.

Lightning FX regularly checks the status of margin deposits. If the retention rate of your deposit drops below a fixed level (maintenance margin), it will trigger a "margin call" or "sell out".

For more information on the retention rate of earnest money set forth by bitFlyer, please refer to the Fees & Taxes page (https://bitflyer.jp/commission)

For rules on margin calls and sell out, please refer to FX trading rules.

When placing a new order*, what is the necessary deposited amount for the order? The method below will show you how to calculate this. (The calculation below is based on a maintenance margin of 10%). * A new order is one that increases a customer's risk.

注文・約定価格×数量×証拠金率=必要証拠金
Example: An order/open position has been made for 2 BTC. 1 bitcoin is worth 600,000 JPY and the account used allows 10x leverage (a margin rate of 10%).
600,000 JPY * 2 BTC * 10% = 120,000 JPY

The required margin for the order is 120,000 JPY.

Additionally, the maintenance margin can be determined using the method below.

評価証拠金(預入証拠金+建玉評価損益+未決済スワップ損益-手数料)/必要証拠金(建玉必要証拠金+注文必要証拠金)
  • Profit and loss (valuation), required margin, etc. are combined across Lightning FX/Futures markets.

    Please note that positions on different markets do not offset each other in calculation of required margin.

Glossary of Terms

Profit or loss from valuation

(P/L of acquired open positions) + (swap P/L) - (fees)

Margin Deposit

The is the amount of deposited Japanese yen.

*The value of your Bitcoin margin deposit is calculated at 80% of the last traded price of Lightning Spot (BTC) market in Japanese yen.

Required margin

This is the current required margin deposit for open positions and new orders.

(Required margin for open positions) + (Required margin for new order)

Valuation margin

Margin Deposit + Profit or loss from valuation

Maintenance margin

This is the ratio of Valuation Margin to the Required Margin

This ratio evaluates the criteria of a sell out.

Valuation margin / Required margin

Amount available for withdrawal

This is the amount that you can withdraw.

The smaller of (Valuation Margin - Required Margin) or Margin Deposit. However, a withdrawal may be limited by other conditions.

Profit or loss from valuation of an acquired open position

This is the profit or loss valuation for the open position.

profit or loss from unsettled swap points

This is the total amount of unsettled swap points.

Fees

This is the fee for the trade.

New Open Position

This is a new order creating an open position.

Repayment order

This order repays the amount of an existing open position.

Margin Rate

1 / Leverage

Open Position Required Margin

This is the required amount of margin deposit for the open position.

This is the total amount of (Execution Price × Position Size × Margin Rate) for each open position. (Values are rounded up after the decimal point.)

Order Required Margin

This is the Required Margin for a specific order.

This is the total amount of [Order price × Position Size × Margin Rate] on each order. (Values are rounded up after the decimal point.)

Combined open interest

The maximum number of positions you can hold are 1,000 BTC-FX, 1,000 BFT per sheet (including order amounts).

About risks

;