Trading Forex Online

Forex
INSTRUMENT Typical Spread (Pips) Standard Leverage Margin Overnight Interest (daily) SELL Overnight Interest (daily) BUY Trading Hours GMT
AUD/CAD 1.5 200:1 0.50% -$1.555 $0.666 24/5
AUD/CHF 4.5 200:1 0.50% -$5.4360 $4.5490 24/5
AUD/JPY 2.8 200:1 0.50% -$3.3280 $3.1070 24/5
AUD/NZD 7.7 200:1 0.50% $0.1110 -$0.9980 24/5
AUD/USD 2.3 200:1 0.50% -$0.4440 -$0.4440 24/5
CAD/CHF 4.5 200:1 0.50% -$4.3400 $3.4500 24/5
CAD/JPY 4.5 200:1 0.50% -$2.2260 $2.0030 24/5
CHF/JPY 4.7 200:1 0.50% $2.1650 -$2.4530 24/5
EUR/AUD 4.2 200:1 0.50% $4.4120 -$5.7710 24/5
EUR/CAD 5.0 200:1 0.50% $2.7160 -$4.0740 24/5
EUR/CHF 2.9 200:1 0.50% -$3.2260 $1.8670 24/5
EUR/DKK 15.0 200:1 0.50% -$0.5090 -$0.8490 24/5
EUR/GBP 2.6 200:1 0.50% $0.1700 -$1.5270 24/5
EUR/HUF 40.0 200:1 0.50% $2.3770 -$3.7350 24/5
EUR/JPY 2.3 200:1 0.50% $0.0000 -$0.3390 24/5
EUR/NOK 24.0 200:1 0.50% $1.0180 -$2.3760 24/5
EUR/NZD 8.4 200:1 0.50% $5.2590 -$6.6170 24/5
EUR/PLN 32.8 200:1 0.50% $4.4130 -$5.7710 24/5
EUR/SEK 35.2 200:1 0.50% -$2.3760 $1.0180 24/5
EUR/USD 1.5 200:1 0.50% $4.4130 -$5.7700 24/5
GBP/AUD 8.2 200:1 0.50% $4.0440 -$5.5830 24/5
GBP/CAD 9.0 200:1 0.50% $2.1190 -$3.6590 24/5
GBP/CHF 10.3 200:1 0.50% -$4.6230 $3.0820 24/5
GBP/JPY 4.6 200:1 0.50% -$0.9630 $0.5780 24/5
GBP/NZD 10.5 200:1 0.50% $5.0070 -$6.5460 24/5
GBP/USD 2.7 200:1 0.50% $4.0450 -$5.5850 24/5
NZD/CAD 5.5 200:1 0.50% -$1.9200 $1.1120 24/5
NZD/CHF 5.1 200:1 0.50% -$5.4560 $4.6480 24/5
NZD/JPY 6 200:1 0.50% -$3.5350 $3.3340 24/5
NZD/USD 3 200:1 0.50% -$0.9090 $0.1010 24/5
USD/CAD 2 200:1 0.50% -$1.9440 $0.8330 24/5
USD/CHF 3 200:1 0.50% -$6.8060 $5.6940 24/5
USD/DKK 15 200:1 0.50% -$4.5830 $3.4720 24/5
USD/HUF 38 200:1 0.50% -$2.2220 $1.1110 24/5
USD/JPY 2 200:1 0.50% -$4.1670 $3.8890 24/5
USD/MXN 78 200:1 0.50% $15.4170 -$16.5280 24/5
USD/NOK 41 200:1 0.50% -$3.3330 $2.2220 24/5
USD/PLN 28 200:1 0.50% -$0.5560 -$0.5560 24/5
USD/SEK 37 200:1 0.50% -$6.1110 $5.0000 24/5
USD/SGD 39 200:1 0.50% -$4.1670 $3.5560 24/5
USD/ZAR 68 200:1 0.50% $14.0200 -$15.1390 02:50-21:50
USD/ILS 60 200:1 0.50% -$4.4440 $3.3333 06:01-15:59
USDTRY 16 200:1 0.50% $17.5000 -$18.6110 24/5
EURTRY 20 200:1 0.50% $26.4970 -$27.8540 24/5
USDRON 71 200:1 0.50% $11.9440 -$13.0560 24/5
USDCZK 28 200:1 0.50% -$3.3330 $2.2220 24/5
USDHKD 65 200:1 0.50% -$3.3330 $2.2220 24/5
* Standard lot size is 100000 units

Explanation of Terms from Table headings

 

Instrument- The FX currency pair or underlying asset of the CFD product to be traded.

Country- The country that the equity or bond is based in.

Lot size- The lot size traded on each platform (Note: CM Trading in MT4 represents the standard lot size).

Standard Spread- The difference between the BID & the ASK price quote for each instrument under normal market conditions.

Margin Per Lot- The required margin to open a single lot of each instrument (Note: It is shown in notional terms).

Overnight Interest Sell/Buy- The overnight interest debited/credited in daily % terms for each instrument.

Trading Hours- The time that trading is available for the specified instrument.

Exchange- The exchange of the underlying asset.

Risk Warning:
Trading CFD’s on margin carries a high level of risk, and may not be suitable for all investors.

FX Spread Calculation

 

The FX  Trading Conditions display the Standard Bid-Ask Spread (Pips) for FX Instruments unless otherwise stated. Standard Spreads are as stated under Normal Market Conditions. Spreads can widen depending on market conditions up to a maximum of Standard Spread x3 (Triple).

We, at CM Trading, are proud of our state of the art order execution, competitive spreads, and most importantly our amazing service and support. We strive to make our client's experience an enjoyable one and value the relationship of each of our account holders and business partners.

*Secondary Currency is the Second Currency quoted in an FX pair (CUR1/CUR2 USD/JPY, EUR/USD, etc.)

Example

For a 1,000 EUR/USD Trade, with a Spread of 3 pips (0.0003), the calculation is as follows:

0.0003 X 1,000 = $0.30*

CM Trading is compensated through the Bid-Ask spread, except when otherwise stated.

CM Trading does not charge commissions on any trade.

FX Margin/Leverage Calculation

 

All Instruments are traded on Margin allowing you to Leverage your positions. The FX Trading Conditions display both Margin & Leverage Amounts; Margin is displayed as a Percentage (%) while Leverage is displayed as a Ratio.

Percentage Margin Formula: Trade Size x Margin (%) = Margin Required in Primary Currency*

Leverage Margin Formula: Trade Size / Leverage = Margin Required in Primary Currency*

*Primary Currency is the First Currency quoted in an FX pair (CUR1/CUR2: USD/JPY, EUR/USD, etc.)

Example

For a 1,000 EUR/USD Trade, with a Margin Requirement of 0.50% or Leverage of 200:1, the calculation are as follows:

Percentage Margin Requirement: 1,000 x 0.005 = €5.00

Leverage Margin Requirement: 1,000 / 200 = €5.00.

FX Buy/Sell Overnight Interest Calculation

 

The FX  Trading Conditions display the Over-Night (O/N) Interest Rates Charged/Paid on a daily basis for holding a position open past our End of Day time. These rates are displayed in the “Overnight Interest – Buy” and “Overnight Interest – Sell” columns. End of Day is 22:00 GMT except during Daylight Savings when it changes to 21:00 GMT.

You can use the following formula to calculate your Daily Overnight Interest amount:

Trade Amount x Daily Overnight Interest = Daily Overnight Interest Charged/Paid*

*Overnight Interest Charged/Paid will be calculated in the Primary Currency; Primary Currency is the First Currency quoted in an FX pair (CUR1/CUR2: USD/JPY, EUR/USD, etc.)

Example

Formula is derived from Lot size, LIBOR rate and current market RATE

For a 1,000 EUR/USD Trade, with a Daily Overnight Interest Buy (or Sell) rate of -0.000056 points and subject to a charge for 1 day, the calculation is as follows:

1,000 x -0.000056 = -0.056 = -€0.05* rounded

Note: CM Trading platforms display overnight interest (swaps) in annualised terms.

Trading Conditions

 

Spreads:

All Spreads are Over Market.
FX Standard Spreads are as stated under Normal Market Conditions.
Gold & Silver spreads may be wider than stated from approx 22:00 – 02:00 GMT.
Crude & Brent Oil spreads may be wider than stated from approx 22:00 – 05:00 GMT.
Crude Oil & Natural Gas spreads may be wider during Weekly Inventories.
PIP FX Pairs = 0.0001; 1 PIP JPY FX Pairs = 0.01.
FX Floating: Typical Spreads are an indication only and may widen due to volatile market conditions
FX Floating: Typical Spreads are derived from the median value of the respective spreads during trading hours (07.00-18.00 GMT) from a previous quarter.

Overnight Interest Rates:

All Overnight Interest Rates are indicative and subject to change.
MT4 FX, Gold & Silver Positions: Saturday/Sunday Overnight Interest will be Debited/Credited on the Wednesday before.
MT4 Non-FX (excl. Gold & Silver) Positions: Saturday/Sunday Overnight Interest will be Debited/Credited on the Friday before.

Margin:

Margin requirements can increase based on position size.

Maximum Trades/Orders:

MetaTrader Minimum Nominal Trade Size = 0.01
Trading Hours may change due to Daylight Savings Time.

CM Trading is the Brand name of
Global Capital Markets Trading and BLACKSTONE Marketing SA(PTY)LTD (GCMT SA)

Credit cards are processed by CMT Processing Limited, 84 Spyrou Kyprianou St, 4004 Limassol, Cyprus.

 

HIGH RISK WARNING:
Trading Foreign Exchange (Forex) and Contracts for Differences (CFD’s) is highly speculative, carries a high level of risk and may not be suitable for all investors. You may sustain a loss of some or all of your invested capital, therefore, you should not speculate with capital that you cannot afford to lose. You should be aware of all the risks associated with trading on margin.

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