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Accounts and conditions

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Trading conditions
and swaps
Order types
and execution
and definitions
NetTradeX MetaTrader 4
Demo Beginner Standard Demo Micro Standard

CFDs on Indices

Instruments of the group allow speculating on changes in US dollar index dynamics.
Instrument Spread 4 Order
distance 5

Swap (Long/Short) 6

1 pip value per
USDIDX 60 120 -2.75 / -1.59 1 contr – 1 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.

For more information about Terms and Conditions of Business click here.


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