CFDs on Currency Pairs
The forex market is the most popular financial market among the retail investors with an estimated average daily turnover of $5 trillion, as of the spring of 2016, according to the Bank for International Settlements. Trade CFD on a wide selection of major and exotic currency pairs, with tight spreads, with no hidden fees and attractive margin for professional clients.
|Margin requirement1,2||Professional Clients||0.5% (1:200)|
|Retail Clients||3.33%, 5%|
|Automatic position close-out upon -50% shortage of margin||If the account balance falls below 50% of the used margin, the client’s position/s will be automatically closed, according to Art. 9.3.12 of the General Terms|
|Minimum order size||1 lot = 1000 (one thousand) units of the base currency|
|Maximum order size||None|
|Multiple of order size||1 lot|
In accordance with Art. 5.26 of the General Terms, Deltastock reserves the right, at its own discretion, to limit the amount of Margin, with the obligation to notify the Client of that circumstance. The limitations imposed may include any other measures that are required according to the applicable law, decisions by ESMA and/or national competent authorities of the Member States of the European Union, and also measures which Deltastock may deem necessary to protect its own interest or that of the Client. Deltastock is entitled to introduce the measures and restrictions provided by ESMA's decisions under Art. 40 of MiFIR and the local regulators under Article 42 of MiFIR in accordance with those decisions and without prior notification to the Client.
|Currency pair||Spread (pips)||Margin requirement (%)|
|Fixed||Target1||Professional clients||Retail clients|
1 The target spread is the minimum spread Deltastock aspires to quote. Nevertheless, during times of low liquidity and/or high volatility, the company might not be able to maintain the same spread levels it usually quotes. Such market conditions cannot be predicted and can occur at any time of day, and may lead to widening of the spreads for a certain period of time. Please be advised that wider spreads can have a negative effect on your account equity, which might lead to insufficiency of funds and closing of your positions.
|The swap point shows how many pips will be credited or debited to the open position at the end of the business day. To calculate the swap, the value of the open position is multiplied by the swap point for that currency pair and by the number of days that the position has been rolled over for. The result is then revaluated to the original account currency using the closing exchange rate for the day. The swap points below can be used as a reference only. More on rollover and how it is calculated.|
|Currency pair||Swap points for rollover of open positions|
|Long Position||Short Position|
|All traded currency pairs||24 hours a day||Monday 00:00||Friday 23:00|
Exceptions are listed below: