Forex
| Forex Product Sheet and Trading Terms | |||||
|
Product |
Symbol |
Contract Unit/Lot |
Standard Margin |
Tick Size |
Tick Value |
|
AUD/CAD |
AUDCADu |
100,000 |
1000 AUD |
0.00001 |
1 CAD |
|
AUD/JPY |
AUDJPYu |
100,000 |
1000 AUD |
0.001 |
100 JPY |
|
AUD/NZD |
AUDNZDu |
100,000 |
2000 AUD |
0.00001 |
1 NZD |
|
AUD/USD |
AUDUSDu |
100,000 |
1000 AUD |
0.00001 |
1 USD |
|
CAD/CHF |
CADCHFu |
100,000 |
2000 CAD |
0.00001 |
1 CHF |
|
CAD/JPY |
CADJPYu |
100,000 |
2000 CAD |
0.001 |
100 JPY |
|
CHF/JPY |
CHFJPYu |
100,000 |
2000 CHF |
0.001 |
100 JPY |
|
EUR/AUD |
EURAUDu |
100,000 |
2000 EUR |
0.00001 |
1 AUD |
|
EUR/CAD |
EURCADu |
100,000 |
2000 EUR |
0.00001 |
1 CAD |
|
EUR/CHF |
EURCHFu |
100,000 |
2000 EUR |
0.00001 |
1 CHF |
|
EUR/GBP |
EURGBPu |
100,000 |
1000 EUR |
0.00001 |
1 GBP |
|
EUR/JPY |
EURJPYu |
100,000 |
1000 EUR |
0.001 |
100 JPY |
|
EUR/NZD |
EURNZDu |
100,000 |
2000 EUR |
0.00001 |
1 NZD |
|
EUR/USD |
EURUSDu |
100,000 |
1000 EUR |
0.00001 |
1 USD |
|
GBP/AUD |
GBPAUDu |
100,000 |
2000 GBP |
0.00001 |
1 AUD |
|
GBP/CAD |
GBPCADu |
100,000 |
2000 GBP |
0.00001 |
1 CAD |
|
GBP/CHF |
GBPCHFu |
100,000 |
2000 GBP |
0.00001 |
1 CHF |
|
GBP/JPY |
GBPJPYu |
100,000 |
1000 GBP |
0.001 |
100 JPY |
|
GBP/USD |
GBPUSDu |
100,000 |
1000 GBP |
0.00001 |
1 USD |
|
GBP/NZD |
GBPNZDu |
100,000 |
2000 GBP |
0.00001 |
1 NZD |
|
NZD/CAD |
NZDCADu |
100,000 |
2000 NZD |
0.00001 |
1 CAD |
|
NZD/CHF |
NZDCHFu |
100,000 |
2000 NZD |
0.00001 |
1 CHF |
|
NZD/JPY |
NZDJPYu |
100,000 |
2000 NZD |
0.001 |
100 JPY |
|
NZD/USD |
NZDUSDu |
100,000 |
1000 NZD |
0.00001 |
1 USD |
|
USD/CAD |
USDCADu |
100,000 |
1000 USD |
0.00001 |
1 CAD |
|
USD/CHF |
USDCHFu |
100,000 |
2000 USD |
0.00001 |
1 CHF |
|
USD/JPY |
USDJPYu |
100,000 |
1000 USD |
0.001 |
100 JPY |
| Leverage |
|
Contract Unit / Standard Margin = Leverage Ratio 1:100 leverage of clients’ trading accounts refers to the leverage of the standard margin for the above listed products 1:200 leverage of clients’ trading accounts refers to twice the leverage of the standard margin for the above listed products The margin hedge is 10% of the new open position margin, which means the sum of one buy and one sell of the hedge position is 20% of one new open position margin Account default leverage is 1:200. |
| Time Zone and Trading Session |
|
Trading Platform Time Zone: GMT+2 (Daylight Saving Time GMT+3) Trading Session: GMT+2/+3 Monday 00:10 – Friday 23:50 Hours of break session: None |
| Calculation of Trading Profit and Loss |
|
Calculation of Trading Profit and Loss= (sell price – buy price) × contract unit × contract volume * The currency of the PL amount calculated above shall be the quoted currency. For example, for AUDUSD, the currency of the profit amount shall be in USD. (The second-ranked currency is the quoted currency, while the first-ranked currency is the base currency.) For example, client buys two lots of AUDUSDu at a price of 0.60553, then closes the position at 0.61029 P&L is: (0.61029 – 0.60553) × 100,000 × 2 lots = USD 952 |
| Calculation of Swap |
|
Daily Swap Calculation and Process Time: GMT+2/+3 23:59, 3-days-swap will be charged on every Wednesday. Swap Amount per Trading Day = contract unit of base currency × contract volume × buying or selling swap / 360 The base currency is the first-ranked currency of the products. For example, AUD is the base currency of AUDUSDu.. For example, client buys 2 lots of AUDUSDu and closes the position a day later, then the swap is -0.1%: 100,000 × 2 × -0.1% / 360 = AUD -0.56 |
| Pending Order |
|
Validity Term of Pending Orders: 1. Take-Profit and Stop-Loss orders on the existing open position are always valid unless canceled by clients themselves 2. New pending orders are valid until the Friday closing, or cancelled at the time specified by the client (whichever the earlier) The points gap between the price of pending orders and the market price under normal market conditions: 20 points ( 2pips ) *When a price gap occurs, the system’s automatic stop-loss mechanism shall prevail. |
| Spread and Execution Type |
|
Execution Type (pending orders included): Market price filling Spread: Floating spread |
| NOP and Trading Volume |
|
NOP for one single direction of every forex products of each account (including sub accounts) will be 100 lots The volume range of per click is 0.01 – 20 standard contracts. |