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and swaps
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NetTradeX Trading Terms and Conditions

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Forex

The group is represented by traditional instruments of the foreign exchange market – currency pairs, which express the value of one currency in terms of another. Depending on their popularity instruments are divided into major currency pairs, major currency cross pairs and minor currency cross pairs.
Instrument Spread 4 Order
distance 5

Swap (Long/Short) 6

Available
volumes
1 pip value per
Margin at leverage
AUDCAD 4.5 9 / 100 AUD – 10 CAD 500 AUD
AUDCHF 4.5 9 / 100 AUD – 10 CHF 500 AUD
AUDJPY 3.5 7 / 100 AUD – 1000 JPY 500 AUD
AUDNZD 8 16 / 100 AUD – 10 NZD 500 AUD
AUDUSD 2 4 / 100 AUD – 10 USD 500 AUD
CADCHF 4.5 9 / 100 CAD – 10 CHF 500 CAD
CADJPY 3.5 7 / 100 CAD – 1000 JPY 500 CAD
CHFJPY 4 8 / 100 CHF – 1000 JPY 500 CHF
EURAUD 4 8 / 100 EUR – 10 AUD 500 EUR
EURCAD 4.5 9 / 100 EUR – 10 CAD 500 EUR
EURCHF 2.5 5 / 100 EUR – 10 CHF 500 EUR
EURGBP 1.8 3.6 / 100 EUR – 10 GBP 500 EUR
EURJPY 2.5 5 / 100 EUR – 1000 JPY 500 EUR
EURNZD 6.5 13 / 100 EUR – 10 NZD 500 EUR
EURSEK 40 80 / 100 EUR – 10 SEK 500 EUR
EURUSD 1.8 3.6 / 100 EUR – 10 USD 500 EUR
GBPAUD 6 12 / 100 GBP – 10 AUD 500 GBP
GBPCAD 6 12 / 100 GBP – 10 CAD 500 GBP
GBPCHF 6 12 / 100 GBP – 10 CHF 500 GBP
GBPJPY 5.5 11 / 100 GBP – 1000 JPY 500 GBP
GBPNZD 15 30 / 100 GBP – 10 NZD 500 GBP
GBPSEK 65 130 / 100 GBP – 10 SEK 500 GBP
GBPUSD 2 4 / 100 GBP – 10 USD 500 GBP
NZDCAD 6 12 / 100 NZD – 10 CAD 500 NZD
NZDCHF 6 12 / 100 NZD – 10 CHF 500 NZD
NZDJPY 5.5 11 / 100 NZD – 1000 JPY 500 NZD
NZDUSD 3 6 / 100 NZD – 10 USD 500 NZD
USDCAD 3 6 / 100 USD – 10 CAD 500 USD
USDCHF 2 4 / 100 USD – 10 CHF 500 USD
USDDKK 12 24 / 100 USD – 10 DKK 500 USD
USDJPY 1.8 3.6 / 100 USD – 1000 JPY 500 USD
USDNOK 40 80 / 100 USD – 10 NOK 500 USD
USDSEK 40 80 / 100 USD – 10 SEK 500 USD
USDSGD 5 10 / 100 USD – 10 SGD 500 USD

Forex trades are performed from Monday 00:00 to Friday 22:00 CET (Central European Time) 24 hours a day.

Spot Metals trades are performed from Monday to Friday from 00:00 to 23:15 CET (till 22:00 CET on Friday).


4 Spreads may vary in case of large volumes of transactions and low liquidity market.


5 Minimum Limit and Stop Order setting range may vary from 1 to 7 spreads from the market price depending on current market's liquidity.


6Operation of moving transaction to a new value date is called SWAP. This is an operation of closing an old position and simultaneous opening a new position on the same currency pair, of the same volume and at the same price, but on another value date. In this case, the Company charges or pays a compensation according to the direction and the base currency of the transaction. This payment (the cost of transition) is applied to the client's account as a credit or debit balance operation and depends on the difference in interest rates between currencies. For calculation purposes the Company uses commonly referenced interbank rates, such as Libid and Libor (borrowing and lending rates respectively), which reflect real current market conditions for lending and borrowing. The Company does not charge commission for SWAP operations, that is no additional percentage is added or subtracted from interest rates difference (except for the currency pair EURCHF). Below you can find more information about SWAP calculation.

SWAP calculation for Forex:
Suppose that the current overnight Libor rate for the Australian dollar is 3.55%, while Libid is 3.425%. At the same time the rates for the US dollar are 0.15% and 0.025% respectively. Going long on AUDUSD an investor is buying the Australian currency and is selling an equal amount in US dollars. Therefore he is expected to receive 3.425% for buying the Aussie and pay 0.15% selling short or borrowing the US dollar. The calculation results in a SWAP of 0.96 points for a long position. On the contrary if a short position has been taken, the investor would have to pay 3.55% for borrowing the Australian dollar and would receive 0.025% for owning the US dollar. The difference between the rates would result in 1.03 swap points.
Attention: for the trading instrument EURCHF additional commission is included in SWAPs calculation due to the special exchange rate formation of the currency pair. Commission added to the market interest rate for long positions: 0.25%; for short positions: 0.125%.

SWAP calculation for Spot Metals:
When calculating SWAPs on operations with material assets like metals, the Company uses zero rates for the base asset and corresponding bid and offered interbank rates for currencies. The Company charges no additional commission for SWAP operations on material assets.

SWAP calculation for "Golden Instruments"
As both base and quoted parts of "Golden Instruments" are material assets, zero rates are applied resulting in zero swaps for long and short positions.


SWAP is applied singly all week except for Wednesday to Thursday rollover when SWAP is applied trebly (for weekend days).

SWAP takes place every 24 hours at 00:00 server time, and it depends on the quote currency rate at the moment of SWAP calculation. For this reason, SWAP amount may differ from day to day.

Table of SWAP values for Spot metals is given per deal of 100 ounces of Gold, Platinum and Palladium and 5000 ounces of Silver.


SWAP volumes for CFDs on US dollar index are given in quoted currency for a deal of 1000 contracts.

SWAP volumes for "Golden Instruments" are given in US dollars for a deal of 100 ounces of Gold.


8 Dividend Adjustment – amount equal to the announced dividend, credited to or debited from the Client’s account on a specified date (adjustment date). A Client holding long positions on CFDs on equities at the moment of session opening on the adjustment date will receive dividend adjustment. The adjustment will be withheld from Client’s account if short positions are being held.


9 Adjustment date – corresponds to the ex-dividend date (stockholders are entitled to receive the next dividend only if the stock is purchased before this date). In terms of conditions of trading for CFDs on equities, the dividend adjustment rule is applied if the Client opens positions before the adjustment date holding them at least up to the moment of session opening on the adjustment date.





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