What are the expiration dates for your expiring CFDs?

We offer expiring CFDs based on the front-month futures price of WTICrude and BrentCrud. At market close on expiration day for WTICrude / BrentCrud: 1. Open trades will be closed, and any floating profit/loss will be realised; 2. Pending orders will be cancelled.The following trading day, WTICrude / BrentCrud will open with the next month’s futures contract as price reference. You can then [...]

What are the financing costs?

Any positions held at the end of the trading day may be subject to a ‘financing charge’ which is shown on an FXChoice account as ‘rollover’. Our daily interest debit or credit amounts (from now on referred to as the ‘rollover’) are based on the total face value of the position. Please note that the rollover detailed on MetaTrader is for 1 lot and not the minimum [...]

What is the margin required to open a Locked or Hedged position?

The hedged margin is the funds which are required to open and support an open locked (hedged) position. They are open positions on the same instrument in different directions. The calculation of the margin hedge has several steps: For uncovered volume For covered volume (if the hedged margin size is specified) The resulting margin value is calculated as the sum of the margins calculated at each [...]

What is margin?

The required margin is the amount needed to be deposited/present in your trading account for a position to be opened. Your leverage will determine how much margin you need to open a position. The maximum available leverage ratio is up to 1:1000. Please visit our FAQ section for a more in-depth explanation of how margin is [...]

What is the minimum tradable lot size?

The minimum trade size is 0.01 lots. Example 1: For currency pairs, the Contract Size value is 100,000. This means that the trading volume of 1 lot is equal to 100,000 units of the base currency. Therefore, the minimum tradable lot size 0.01 lots for currencies is equal to: 0.01*100,000 = 1000 units of the base currency Example [...]