Margin Forex Spreads & Conditions

1) Target Bid/Ask spreads
Our target bid / ask spreads listed are our best possible target spreads used in normal market conditions. In quiet market conditions, the spread may be even narrower but in periods of volatile markets, the spread may be increased and autoexecution disabled. For certain categories of clients, the spreads may in general be wider by up to 2 pips. The spreads applicable to your account will be displayed in your Virtual Trader Pro 3000. Please consult The Sharemarket College to obtain further information about our spread range and its implications to your account.

2) Margin Requirements
Margin Forex is traded on margin enabling you to leverage a small margin deposit for a much greater market effect. Margin rates are higher over the weekends. Weekend margin rates apply from 17:OO on Friday to 19:OO on Sunday GMT and on non-banking days.

Note: Margin rates are higher over the weekends. Weekend margin rates apply from 16:00 on Friday to 17:00 on Sunday GMT and on non-banking days .

3) Autoexecuted trades
Major currency trades can be autoexecuted for amounts below the autoexecution limit. Autoexecuted trades are automatically accepted without intervention from the bank. For trade sizes over the autoexecute limit and in volatile market conditions, the trade must first be approved by a dealer which normally takes just a few seconds.
*Note that these are typical autoexecute limits that can change over the day, depending on the market conditions and available liquidity.

4) Ticket fees for low-value trades
For Margin Forex trades below the Ticket Fee Threshold listed, a small ticket fee of USD 10 is added to the trade to cover administration costs.

Margin calls
You must maintain the margins listed in your account at all times. If the funds in your account fall below this margin, you will be subject to a margin call to either deposit more funds to cover your positions or close positions — normally you will be notified through our trading platform and via email. If your margin situation is not remedied, we may close positions on your behalf.

Margin Forex Trading Hours
Markets are open for Margin Forex trading:

• from Monday 06:00 Sydney local time (currently Sunday 20:00 GMT)
• to Friday 17:00 New York local time (currently Friday 21:00 GMT)

Conversion of currencies
All conversions will be done using the prevailing exchange rate plus/minus 0.5%. This includes, but is not limited to, conversions of transferred amounts and profits and losses from trading activities.

Please select a feature from the list on the right to view more information.