Market Information

What's New


Due to the start of U.S. Winter time schedule, the closing hour of Leveraged Forex Trading will move one hour later with effect from 03 November 2019.
Thus, the cut off time for Leveraged Forex Trading will be adjusted to 04:00 a.m.(HK) . The closing hour for Forex will be adjusted to 04:00 a.m. on Saturday morning.
The Opening hour will remain unchanged at 07:00 a.m. on Monday.

 

FX Rollover Interest & Initial Margin

Interest Table (per Contract) Buy Interest
(Paid/Received)
Sell Interest
(Paid/Received)
Initial Margin
(% of contract value)
Euro (EUR) -3.5% 0% 5%
Japanese Yen (JPY) -3% 0% 5%
British Pound (GBP) -3% 0% 5%
Swiss Franc (CHF) -4% -1% 5%
Australian Dollar (AUD) -2.5% -0.5% 5%
New Zealand Dollar (NZD) -2.5% -0.75% 5%
Canadian Dollar (CAD) -1.75% -1.25% 5%
Euro/Yen (EUR/JPY) -1.75% -1.5% 5%
Euro/Pound (EUR/GBP) -2% -1.5% 5%
Euro/Swiss Franc (EUR/CHF) -1.25% -1.75% 5%
Pound/Yen (GBP/JPY) -1% -2% 5%
Pound/Swiss Franc (GBP/CHF) -0.5% -2.5% 5%
Australian Dollar/Yen (AUD/JPY) 0.75% -3.75% 5%
New Zealand Dollar/Yen (NZD/JPY) 0.75% -3.75% 5%
Canadian Dollar/Yen (CAD/JPY) -0.5% -2.5% 5%
RMB 2% -8% 10%

 

*Interest will be calculated according to the closing price.
*Effective Date: 26 Febreary 2019

 

Margin Requirement

Initial Margin Level: as stated in above table

Maintenance Margin Level: 60% of initial margin

Client's equity level is USD 40,000. He sells 500,000 Euro (4 Euro contract) at 1.44

Initial Margin Level = 500,000 X 1.44 X 5% = USD 36,000

Maintenance Margin Level = 500,000 X 1.44 X 5% X 60% = USD 21,600

Force Liquidation: 20% of initial margin

Force Liquidation: 40% of initial margin (over the weekend or holiday)

 

Risk Disclaimer

When the equity of an account falls below the maintenance margin level requirements, we will send Margin Call to client(s), who is/are required to deposit funds to meet the Initial Margin Level. The risk of loss in financing a transaction by deposit of collateral is significant. You may sustain losses in excess of your cash and any other assets deposited as collateral with the licensed or registered person. Market conditions may make it impossible to execute contingent orders, such as "stop-loss" or "stop-limit" orders. You may be called upon at short notice to make additional margin deposits or interest payments. If the required margin deposits or interest payments are not made within the prescribed time, your collateral may be liquidated without your consent. Moreover, you will remain liable for any resulting deficit in your account and interest charged on your account. You should therefore carefully consider whether such a financing arrangement is suitable in light of your own financial position and investment objectives. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Past returns are not indicative to future results. The risk of loss in leveraged foreign exchange trading can be substantial. You may sustain losses in excess of your initial margin funds. Placing contingent orders, such as "stop-
loss" or "stop-limit" orders, will not necessarily limit losses to the intended amounts. Market conditions may make it impossible to execute such orders. You may be called upon at short notice to deposit additional margin funds. If the required funds are not provided within the prescribed time, your position may be liquidated. You will remain liable for any resulting deficit in your account. You should therefore carefully consider whether such trading is suitable in light of your own financial position and investment objectives.No information published on this document constitutes a solicitation or offer, or recommendation, to buy or sell any investment instruments, to effect any transactions, or to conclude any legal act of any kind whatsoever. The risk of loss in leveraged foreign exchange trading can be substantial. You agree that you may sustain losses in excess of the your initial Margin. Placing contingent orders, such as "stop-loss" or "stop-limit" orders, by you will not necessarily limit losses to the intended amounts. Market conditions may make it impossible to execute such orders. You agree that you may be called upon at short notice to deposit additional Margin. If the required funds are not provided within the prescribed time, your position may be liquidated without further notice. You will remain liable for any resulting deficit in the your account. You should therefore carefully consider whether such trading is suitable in light of your own financial position and investment objectives.