INDX Internet-Exchange

The INDX Internet Exchange is an automated trading platform (robot) located entirely on the public internet and owned by WMT Prime Corp.

The INDX Internet Exchange is a direct-access trading platform, meaning registered Traders can independently buy and sell instruments without opening an account with a brokerage firm. The INDX Internet Exchange trading system implements instant delivery of instruments against payment in a single, indivisible transaction at the time of execution. Instruments and payment methods are exchanged between Traders on the exchange. Therefore, the exchange is not directly involved in the transaction and does not settle any arising obligations (i.e., it does not conduct clearing), but merely provides the parties with the technical capability to guarantee the execution of the transaction.

Payments charged when trading on the INDX online exchange:

  • no account maintenance fee is charged;
  • when replenishing a Trader's trading account with WM title units, a WebMoney system commission of 0.8% of the transfer amount is charged;
  • when executing a transaction, a commission of 0.05% of the transaction amount is charged from both parties in the quote currency:
    • Example:
      Selling BTC for USDT: 0.003 BTC at a price of 45196 USDT per unit.
      Transaction amount 45196 * 0.003 = 135.588 USDT.
      Commission 135.588 USDT * 0.05% = 0.067794 USDT.
      Then the amount from the sale that the BTC seller will receive will be: 135.588 - 0.067794 = 135.520206 USDT.
      The amount that the BTC buyer will pay will be: 135.588 + 0.067794 = 135.655794 USDT
  • when withdrawing funds from a trading account, a commission depending on the currency (all values are listed in the commissions section) is charged to pay for the transaction in the blockchain.

Trades are available on the INDX exchange. Buying and selling between different cryptocurrencies and stablecoins (instruments). The instrument listed first in the pair is the base currency, and the instrument listed second in the pair is the quote currency.

Details of the completed transaction are reflected in the transaction history of the transaction participants' accounts (the "Purse" button). In the "Description" column, the numerical values - "Price," "Commission," and "Transaction Amount" - are shown in units of the quote currency. "Quantity" and "Remaining" are shown in units of the underlying asset.

To avoid errors when submitting orders, it is recommended to check the asset unit ratios in the "Market" tab.

On the INDX exchange, a trader's assets can be deposited (and withdrawn) to (or from) a trading account at any time during a trading session. All funds in the trading account remain at the Trader's disposal. To withdraw all of the Trader's assets from the exchange, open orders must be removed from the queue.

The exchange supports Software interfaces INDX for automated interaction with it.

See also:

INDX User Agreement
Current quotes on INDX
Bitcoin-transactions processing speed