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  • Advance Online Trading Technology

    The dealing desk is open 24-hours a day from Sunday 10:00 p.m. GMT until Friday 10:00 pm. GMT. Quotations, order placements and confirmations are all available online.

  • Fixed Bid / Ask Spreads

    It is important to remember that quality of execution is every bit as importants as tight spreads. In other words, tight spreads are meaningless if you can't get filled at your price. This is a very subtle but important point, and we stand behind our commitment to provide both competitive dealing spreads and quality fills.

  • Auto-executed Trades

    Major currency traders can be auto-executed for amounts below the auto-execution limit (US $25,000,000*). Auto-executed traders are automatically accepted without intervention from the bank. For trade size over the auto-execute limit and in volatile market conditions, the trade must first be appoved by dealer, which normally takes just a few seconds.

    *NOTE THAT THIS IS THE TYPICAL AUTO-EXECUTE LIMIT BUT IT MAY CHANGE OVER THE DAY, DEPENDING ON THE MARKET CONDITION AND AVAILABLE LIQUIDITY.

  • 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. If your margin situation is not remedied, we may close positions on your behalf.

  • Position held under their Value Date

    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 mark-up of +/- 0.33% (for retail accounts) plus an interest component of LIBOR/LIBID +/- 0.66% for any unrealized profit/loss on the position

    *NOTE THAT THIS IS THE TYPICAL AUTO-EXECUTE LIMIT BUT IT MAY CHANGE OVER THE DAY, DEPENDING ON THE MARKET CONDITIONS AND AVAILABLE LIQUIDITY.

  • Trade Size

    Trades are executed in standard sizes of 100,000 base currency per one lot or in mini sizes of 10,000 base currency per one lot.
    Example standard sizes:

    • U.S. Dollar/Japanese Yen (100,000 U.S. Dollars)
    • Euro/U.S. Dollar (100,000 Euros)
    • Euro/Great Britain Pound (100,000 Euros)
    • Euro/Japanese Yen (100,000 Euros)

    Example mini sizes:

    • U.S. Dollar/Japanese Yen (10,000 U.S. Dollars)
    • Euro/U.S. Dollar (10,000 Euros)
    • Euro/Great Britain Pound (10,000 Euros)
    • Euro/Japanese Yen (10,000 Euros)

  • Swap Rates

    Forex positions held until their Value Date, and interest on Unrealized Profit/Loss Tom/Next rollover.

    SWAP RATES

    Time Roll Over

    Open Spot Forex positions held at the end of a Trading Day at 24:00 trading time on trading platform will be rolled over to a new Value Date on a Tom/Next basis immediately after the change of trading day.

    The Swap Points are calculated as follows: A proprietary Tom/Next swap rate is calculated based on a number of factors (including the interest rate* differential between the traded currencies, monetary policies of PSS and credit rates of counterparties). The swap rates are for indication purposes only and may differ slightly from those applies to your trading account.

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