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1) Target Bid/Ask spreads
Our target bid / ask spreads listed are our best possible target spreads used in normal market conditions. In quiet market conditions, the spread may be even narrower but in periods of volatile markets, the spread may be increased and autoexecution disabled.
2) Margin requirements
Forex is traded on margin enabling you to leverage a small margin deposit for a much greater market effect where:
- The collateral held within an account will qualify for a margin requirement as low as 2%
2) Margin requirements
Forex is traded on margin enabling you to leverage a small margin deposit for a much greater market effect where:
- The first $25,000.00 of collateral held within an account will qualify for a margin requirement as low as 1%
2) Margin requirements
Forex is traded on margin enabling you to leverage a small margin deposit for a much greater market effect.
3) Autoexecuted trades
Major currency trades can be autoexecuted for amounts below the autoexecution limit. Autoexecuted trades are automatically accepted without intervention from TradeFreedom. For trade sizes over the autoexecute limit and in volatile market conditions, the trade must first be approved by a dealer which normally takes just a few seconds.
* Note that these are typical autoexecute limits that can change over the day, depending on the market conditions and available liquidity.
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Margin calls
You must maintain the margins listed in your account at all times. If the funds in your account fall below this margin, you will be subject to a margin call to either deposit more funds to cover your positions or close positions — normally you will be notified through our trading platform and via email. If your margin situation is not remedied, we may close positions on your behalf.
Forex Trading Hours
TradeFreedom is open for Forex trading:
- from Monday 06:00 Sydney local time (currently Sunday 14:00 EST)
- to Friday 17:00 New York local time
Conversion of profits and losses
Currency conversions of profits and losses from trading activities are done using the close rate at New York (5pm New York time) plus/minus 0.5%.
Positions held until their Value Date
Spot Forex positions held at the end of the business day before their Value Date will be rolled over to a new Value Date on a Tom/Next basis. As part of the rollover, positions are subject to a swap charge or credit based on the LIBOR/LIBID interest rates of the two traded currencies with an added a markup of +/- 0.5% (for retail accounts) plus an interest component of LIBOR/LIBID +/- 0.75% for any unrealized profit/loss on the position.
Forex swap rates for retail accounts
Forex Account
You may open a TradeFreedomF/X account with an initial funding of as low as $1000. This account allows you to trade with up to 50:1 leverage.
Minimum trade size is 5,000.
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