Trading Information

  1. By phone to Account Executive
  2. Call the Forex trading hotline (852) 3196 6011 during trading hours
Order validity period (Actual validity period varies in accordance with forex market holiday)
Day order Day order is valid from the time it is accepted to the closing time
on the current trade day. Unless specified at time of placing,
all orders will be treated as day order.
G-T-F order Good Till Friday (GTF) order is valid from the time it is accepted
to New York market closes on Friday. To place GTF order,
client must specify the order is GTF at time of placing.
Limit order Order with a specified price which will only be filled at that price or better.
Stop-loss order Order type whereby an open position is automatically liquidated at market price if the currency (bid/ask price) hits a specific price level. Often used to minimize exposure to losses if the market moves against an investor's position.
One cancel other order – OCO A designation for two orders whereby one part of the two orders is executed the other is automatically cancelled.

 

Closed currency contract is settled on the next second trading day after the contract closing day (T+2). The profit and lost of each foreign currency contract will be calculated in USD on settlement day, and settled in the account.

 

Margin Requirement

Initial margin requirement is 5% of the currency contract value or such other level as South China may specify from time to time. Client is required to have sufficient initial margin prior to opening position in currency contract, whereas maintenance margin for an outstanding position in currency contract must be at 3% or above the contract value or such other level as South China may specify from time to time. For margin deficiency, client is required to top up to the initial margin level regardless notification is received or not. In the case when a client's maintenance margin falls to or below 1% of the contract value, South China, will at its discretion, force liquidate any or all client's outstanding contract(s) without giving any prior notice to client or obtaining client's consent. Client shall be responsible for any deficiency if the proceeds of liquidation is insufficient to cover all outstanding balances owing by the client to the South China. South China reserves its rights to amend the Margin Requirement from time to time.