Two currency perpetuals · 24/7
Crypto Forex Trading
Trade EURUSD and USDJPY perpetuals with leverage up to 150x and USDT margin, 24/7 including weekends, without a broker account.
Forex perps at a glance
Contract terms for both pairs. New to the market? Start with forex trading for beginners.
EURUSD or USDJPY, 3 steps
Connect, size and trade, with USDT as the only currency involved.
Deposit USDT
Sign in with a wallet, email or social account and deposit USDT. There is no traditional KYC; deposits pass automated AML screening.
Size the position
EURUSD quantity moves in steps of 0.1 EUR and the price in steps of 0.0001. Margin is notional divided by leverage: a $1,150 position at 10x reserves 115 USDT.
Choose the order type
A limit order resting in the book pays the maker fee of 0.015%, a market order the taker fee of 0.045%. On that $1,150 position the taker fee is about $0.52.
Perps vs forex brokers
What you actually trade, how many pairs there are and when the market is open.
| Venue | Product | Hours | Trade-offs |
|---|---|---|---|
| EVEDEX | EURUSD and USDJPY perpetuals | 24/7, weekends included | Two pairs only; no MT4 |
| Forex brokers | Forex CFDs on many pairs | 24/5, mostly closed at weekends | Broker account; overnight fees |
Crypto forex trading vs a broker
The mechanics of a crypto perpetual, applied to EURUSD and USDJPY and settled in USDT.
Forex trading in USDT
Margin, profit and loss on both pairs are denominated in USDT, so no euro or yen account is needed and no bank sits in the middle. Cross margin is the only mode.
Funding instead of overnight swaps
Brokers charge overnight financing on held positions. EVEDEX calculates funding every 8 hours per pair and charges it hourly at one eighth of the rate, passing it between longs and shorts, weekends included.
Forex leverage in tiers
EURUSD reaches 150x on positions up to $30,000 of notional, then 120x up to $115,000 and 100x up to $172,000. USDJPY reaches 100x up to $30,000, then 90x up to $76,000. The cap falls as the position grows, not the other way round.
Forex without a broker
There is no MT4, MT5 or cTrader, no lots, no exotic pairs and no fiat withdrawal. If any of those is the requirement, a traditional forex broker is the right tool, not EVEDEX.
Forex perps: trade-offs
Two pairs and a young book are the honest cost of trading forex on a perpetual venue.
Two pairs and a young order book are the cost of trading forex on a perpetual venue: spreads can be wider and depth thinner than at large forex brokers, so use limit orders and size positions to the book.
There is no MT4, no lots and no fiat withdrawal: margin, profit and loss all run in USDT.
FAQ
Forex trading is taking a position on the exchange rate between two currencies, so that a long EURUSD gains when the euro strengthens against the dollar. On EVEDEX that position is a perpetual futures contract, not an exchange of currency, and it settles in USDT.
On EVEDEX there is no brokerage account and no fiat funding: you deposit USDT, post margin and trade EURUSD or USDJPY as perpetual contracts. There is also no MT4 or MT5, no lot sizing and no way to withdraw to a bank, so it replaces a broker only partly.
Exactly two: EURUSD and USDJPY. Both are perpetual contracts inside the 52 listed pairs, alongside 39 crypto pairs, five stocks, Tether Gold, silver, WTI oil, the SPY index and two pre-market contracts.
On EVEDEX yes: both currency perpetuals trade 24/7, including Saturdays and Sundays, and funding keeps settling over the weekend. The currency market at a broker closes for the weekend, which is the main practical difference between the two routes for a short-term trader.
EURUSD: up to 150x on positions worth up to $30,000 of notional, then 120x up to $115,000, 100x up to $172,000 and 75x up to $243,000. USDJPY: up to 100x up to $30,000, then 90x up to $76,000 and 75x up to $146,000. Higher leverage narrows the distance to liquidation, so a fraction of a percent can be enough to close the position.
A CFD is a rolling contract on broker quotes, carrying overnight financing and margined in the account currency. A perpetual has no expiry either, but it is margined in USDT on an order book and uses funding instead, calculated every 8 hours and charged hourly.
There is no traditional KYC. You sign in with a wallet, email or social account, and deposits pass automated AML screening before they are credited. External fiat partners may still ask for verification, and the exchange is not intended for UK retail clients.
The minimum deposit is 6 USDT; network costs and the one-time deposit contract are deducted from the amount you send. Margin is notional divided by leverage, so a $1,150 EURUSD position at 10x reserves 115 USDT.
