Margin Trading makes it possible to realize bigger trading results (profit or loss) with relatively small capital.
Margin Trading can be summed up in three steps:
1) Loan tokens
2) Open long/short position
3) Repay loan and interest
1. Loan tokens
a. Open CoinEgg app and login into your account, tap the "Margin" below.

b. Now you enter the Margin Trading (Isolated Margin) page, select an available trading pair at the top-left corner.

Notice: Each trading pair corresponds to a separate account, the funds in each account are independent, and cannot be exchanged with other accounts (trading pairs). When the A trading pair is going to trigger forced liquidation, the funds in B trading pair will not come to A, and you need to add margin manually.
c. Transfer funds into the chosen trading pair account. Here we take ETH/USDT as an example, you can transfer ETH or USDT into the account. Tap "Transfer", choose a coin and enter the amount, then tap "Confirm".

d. After you transfer the principal to the isolated margin account, now you can loan coins, tap the "Loan" button, enter the loan amount.
Tips: Loan USDT and buy ETH if you do long; loan ETH and sell it for USDT if you do short.

Notice: The interest rate may be adjusted, please always refer to the rate on the page.
e. Upon completing a loan, you can check the detail of the loan in "Account-My Loan".

Notice:
Each coin has a minimum/maximum loan amount. When your principal is lower than the minimum loan amount, the available loan amount will show 0. Under this circumstance, please transfer enough principal into the margin account.
Loaned: Total amount borrowed from the platform
Available Loan: Remaining amount that can borrowed from the platform
Available Loan = Principal × (Leverage Multiples -1) - Loaned Balances
Risk Rate = Total asset/Loan asset × 100%
2. Margin Trading (Open long/short position)
We still take ETH/USDT isolated margin account as an example.
BUY/LONG: Borrow USDT to buy ETH. When the price of ETH rises, sell ETH and repay the loan and interest in USDT, and the remaining amount (excluding principal and trading fee) will become your gain.
SELL/SHORT: Borrow ETH and sell. When the price of ETH drops, buy back ETH to repay the principal and interest, the remaining amount (excluding principal and trading fee) will become your gain.
a. Tap the "Margin" tab below, buy ETH by placing a limit order

b. When the price rises higher, sell ETH by placing a limit order

Notice: If the market moves against your prediction, there will be a high risk of being liquidated. Please pay attention to control risks.
3. Repay loan and interest
a. To repay loan and interest, tap ”Account-My Loan-Loaning".

b. Tap "Repay", enter the amount you want to repay, and tap "Repay". If your funds are insufficient to repay loan and interest, please transfer USDT into the margin account in time.

Notice:
Interest: The interest is charged on a 24-hour basis from the time that you start a loan. Less than 1 hour will be also regarded as an hour. It is important to repay loan and interest in time to avoid unnecessary charges due to late repayment.
Appendix
Margin Trading FAQ
1. What is margin trading?
With margin trading, you can apply for more funds from the platform using your own principal. For example, you have 100 USDT, you can borrow more USDT from CoinEgg and trade, thus expand your profits.
2. How to start margin trading?
First you need to transfers your funds (principal) from Exchange Account into Margin Account, then loan tokens, start margin trading.
3. What is "Long"?
Let's take the XRP/USDT pair as an example. Loan USDT, buy XRP at a low price and sell at a high price.
4. What is "Short"?
Let's take the XRP/USDT pair as an example. Loan XRP, sell XRP at a high price and buy back at a low price.
5. How much Interest should I pay for Margin Trading?
The interest is charged on a 24-hour basis from the time that you start a loan. Less than 1 hour will be also regarded as an hour. The interest rate will be shown on the margin trading page.
6. How much is the leverage?
Each trading pair has different leverages. You can refer to details on the page.
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