Spot Handbook

Hours of Trading:

Spot trading hours are as follows:
Open from Sunday 5 pm est. to Friday 4:30 pm est.

Types of Orders

Limit Orders*:

An order to buy or sell a currency pair, which is executed when the price is breached. For example, you place an order to buy 100,000 euro at 1.0950. The platform will automatically fill your order when the offer reaches 1.0950.

Stop Orders* :

Typically a risk management order used by clients to help manage their market exposure, this type of order can also be used to enter into a new position. Our platform will execute such orders when the bid or offer is breached. For example, if you have an order to sell 100,000 euro at 1.0950, the platform will automatically execute the transaction when the market becomes 1.0950 bid. Similarly, if you have an order to buy 100,000 euro at 1.0950 your order will be automatically executed when the market is 1.0950 offered.

Market Order* :

Our platform offers all our clients streaming dealable prices. As such, we offer our clients an easy one-touch application that allows for fast efficient execution. The market order system allows the client to follow the bids and offers on a dealing rates table that can be executed with a click of the mouse. The most advantageous aspect of the market order system is the ability for the trader to capture better fills.

Margin / Leverage (*):

Margin as low as 1%. This means that a trader can have a great customizable leverage.
For example :
BUY 100,000 Euro @ 1.3350
Margin= 1% of the notional value or [0.01 X 100,000 euro = 1,000 Euro]
Since your margin is calculated in Euro, you have to convert to USD, which is 1,000 X 1.3350 or $1,335.So to buy 100,000 EUR you will need as little as $1,335.

(*) Leverage increases both potential profit and losses.

* Under normal market condition.