Forex Table

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: CMTrading 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.

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).

*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*

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

CMTrading does not charge commissions on any trade.

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.

*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.

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:

Swap calculation = No Of nights * Swap (buy or sell) *No of Lots*Point value

Example

For a 1 lot EURUSD trade, with a Daily Swap  Buy Rate of -14.56 and subject to charge for 1 day the calculation is as follows :

SWAP = 1x-14.56x1x1= -14.56 USD

Notes

• Point value = Contract size *No of Decimals in the Pair.

For EURUSD the price is denominated in 5 decimals. Point value = 100000(contract size) * 0.00001(number of decimals) so the point value for EURUSD is 1

For USDJPY the price is denominated in 3 decimals.

Point value =100000(contract size) * 0.001(number of decimals) so the point value for USDJPY is 100

• Overnight Interest Charged/Paid will be calculated in the Reference Currency.

Reference Currency is the Second Currency quoted in a FX pair

(Base /Reference: USD/JPY, EUR/USD, etc.)

Note:

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.

You can use the following formula to calculate your Volume:                    

Number of lots * Contract Size                

E.G. For EURUSD                            

2 * 100,000 = 200,000 EUR                        

If account is on USD then we convert 200,000 EUR to USD — 216,480 USD                          

E.G. For AUDCAD                           

2 * 100,000 = 200,000 AUD                       

If account is on USD then we convert 200,000 AUD to USD — 139,405 USD