Hxro Account Type

Hxro offers various types of trading accounts tailored to meet the needs of different traders. The primary account type available is the TRG (Trading Registration Group) account. This account allows traders to engage in derivatives trading on the Hxro network. Traders can create multiple TRGs under a single wallet, providing flexibility in managing different trading strategies and positions. The TRG health is determined by the margin requirement to collateral ratio of the trader's portfolio, categorizing accounts into healthy, unhealthy (cancel-only), and liquidatable states based on their margin levels.

Hxro Broker Account Opening Process

To open a trading account with Hxro, follow these steps:

• Visit a Hxro-Powered Application: Go to any derivatives trading application powered by Hxro, such as those utilizing the Dexterity protocol.

• Create Your TRG Account: Initiate the process of creating your TRG account directly within the application. This is a permissionless action, allowing anyone to set up an account.

• Wallet Requirements: Ensure that you have a compatible wallet, as multiple TRGs can be created under a single wallet. It is important not to create more accounts than necessary.

• Account Management: Once your TRG is established, you can manage your trading activities, including entering positions and placing orders, as long as your account remains above the initial margin requirement (IMR) level.

• Burning TRGs: If needed, TRGs can be burned to reclaim a portion of the SOL used for account creation rent.

By following these steps, traders can efficiently set up their accounts and start trading on the Hxro network.