Trading Conditions

Market information & Trading Conditions for VIP & Classic Accounts

CFDs on Forex

Spreads	Fixed
Required Margin	Leverage x Order Size x Opening Price
Required Margin on Hedging Positions	Yes
Trading Hours	Monday (00:00 Server Time) – Friday (23:59 Server Time)
Commissions	No
Swaps	Apply
Contract Size	1 Lot = 100,000 Units

CFDs on Gold & Silver

Spreads	Fixed during normal trading hours
Normal market trading hours	01:00 Server Time – 00:00 Server Time
Contract Size	1 Lot = 100 ounces Gold or 5000 ounces of Silver
Commissions	No
Required Margin	2% of Order Value
Required Margin on Hedging Positions	Yes
Swaps	Apply

CFDs on Crude OIL and Brent

Spreads	Fixed between 03:30 Server Time – 21:00 Server Time
Trading Hours	OIL 01:00 Server Time – 00:00 Server Time Brent Monday to Tuesday: 01:00 - 01:00 Local Server Time Tuesday to Friday 03:00-01:00 Local ServerTime Friday Closing 23:59 Local Server Time
Contract Size	1 Lot = 1000 barrels
Required Margin	1% of Order Value
Require Margin for Hedging Positions	Yes
Commissions	No
Swaps	No

CFDs on Indices

	UK100. X	GER30.X	JAP225.X	US500.X	US30.X
Required Margin per lot	1000GBP	2000EUR	3000USD	500USD	1000USD
Underlying Index	FTSE 100	DAX	Nikkei 225	S&P 500	DOW 30
Trading hours	01:00-21:00 London Time	07:50-22:30 CET	24/5 with a break from 14:15 to 14:30 CT Friday closes 14:00 CT	24/5 with a break from 14:15 to 14:30 CT Friday closes 14:00 CT	24/5 with a break from 14:15 to 14:30 CT Friday closes 14:00 CT
Currency	GBP	EUR	USD	USD	USD
1 lot contract size	10	25	5	50	5
Tick Size	0.5	0.5	5	0.25	1
Tick Value	5	12.5	25	12.5	5
Spread	Variable	Variable	Variable	Variable	Variable
Commission	$15 per lot	$15 per lot	$15 per lot	$15 per lot	$15 per lot

CFDs on Shares

CFD	US listed Shares
Required Margin	10%
Underlying Instrument	Relevant Listed Stock
Trading Hours	14:30-21:00 London Time
Currency	USD
Contract Size	100 Shares
Tick Size	1 USD Cent
Commission	0.10%

Please note the following:

No new positions may be opened (even hedging ones), if there is insufficient free positive margin
Stop orders such as BUY STOPS and SELL STOPS will be executed at market price; as such, during market gaps and news, slippage might occur
Hedging positions always require margin as if a new normal position was opened.
Swaps apply on open positions left overnight. On Wednesdays triple swaps apply, while Saturdays and Sundays no swaps apply.
Stop out level is 50% unless otherwise noted. If margin level (Equity X 100 / Margin) drops to below 50%, all positions will be closed automatically by the system.
It is the trader’s responsibility to keep his margin level above 100% and thus his account a healthy one. Once margin level drops below 100%, a warning red color will appear on your account status on MT4. To remove margin warning and avoid stop out (See 5. Above), trader should either add funds to his account to raise equity, or close some positions to release margin; otherwise if market does not turn around, the trader is facing the risk of having all his positions being closed (liquidated) as in 5. above.
All positions at contract expiry will be closed, pending orders deleted automatically by the system and a new contract will be introduced.
In order to check the expiry date, please right click on the market watch choose symbols and from the list select the desired instrument, once you do that select properties on you right hand side and details should appear.
Please note that on Wednesday, the amount of swap is tripled in order to compensate for the following weekend (during which time swap is not charged because trading is stopped for the weekend).
Holders of swap free Islamic account’s will be charged with Swaps after the period of two trading weeks.