What is your working schedule?

You can trade on Forex 5 days a week from Sunday 23:00 GMT till Friday 21:00 GMT. CFDs trading on stocks is allowed only during the trading hours for the specific instrument. For more information go to page "Contract Details". In case of any problems with the Internet connection you can consult our operators. Do not hesitate to contact us by making a telephone call. Our technical support is available 24 hours a day and always ready to answer your questions.

I trade on Forex. What happens with my position overnight?

We use swaps to roll over an open position overnight. They can be both negative and positive depending on the difference of interest rates and swap rates of the broker's counteragent.

Suppose, the rate in Europe is 4,25% and in America - 3,5%. Assume that you have an open position to sell EUR/USD. For that you have to sell 100 000 Euro. So you have to borrow them at the rate of 4,25%. By selling Euro we buy US Dollars, which we deposit at the rate of 3,5%. In all your transaction fees: (4,25 - 3,5)% annual or, which is the same at the rate EUR/USD 0,9000: $675 a year or $1,85 a day.

So, every day from one lot position to sell on EUR/USD they will be writing off of you $1,85. But if you have a position to buy then by the analogy you will be daily added $1,85. In reality there is written off a little more than $1,85 and added a little less than $1,85. This "little bit" is taken by the broker for transferring your position to the next day.

You can find the table of swap rates here. Debited and credited amount is called storage.

Note: storige from Wednesday till Thursday is three time higher as the value date for the position opened on Wednesday is Friday. When the position is rolled over the value date transferred to Monday.

I trade CFD on US stocks and US index shares. What happens with my position overnight?

We can say that contract for difference can be qualified as purchasing shares on the proceeds of the credit. If you trade CFD you get all the benefits of underlining share, including price rise and dividends, and pay off on-credit expenditures to the seller. It's a sort of a bank credit: you borrow money to buy shares and get the benefits of a shareholder and bank takes an interest. CFD presents this process as single deal.

Buying CFD on Us Stocks or index shares:
Credit settlements are required when you leave your position open till the end of the trading session. Credit settlements are calculated with regard to FED funds rate (for US Stocks) and the end-of-the-day price of the share. For example: FED Funds rate is 1.75%, and the closing price of the Microsoft share is 25.00. So, your credit settlements is calculated the following way:

N_Stocks x P_Close x Interest / N_Days = = 100 x $25.00 x (1.75% + 1.25%) / 360 = = $0.28

Selling CFD on Us Stocks or index shares:
If your position is open at the end of the trading session you are credited depending on the FED Funds rate (for US Stocks) and the closing price of the sold shares. For example, FED funds rate is 1.75%, and the closing price for AXP shares is 33.10. Then, you are credited the following way:

N_Stocks x P_Close x Interest / N_Days = = 200 x $33.10 x (1.75% - 1.25%) / 360 = = $0.09

Note: from Friday till Monday storige to roll over a position on CFD is three times higher than usual as the position is leveraged for 3 days not 1.

Current swaps for CFD are here

I trade CFD on commodities futures and stock index futures. What happens with my position overnight?

To roll over a CFD position on Stock Futures and commodities Futures there is no storige.

Give the information about the size of 1.0 lot, margin requirements, spreads, commission etc., please.

The detailed answer is here: "Contract Details"

How can I calculate the profit trading on Forex?

Suppose, you open a long position at USD/JPY for 2.0 lot at 117.89. Close the position at 118.40. What is the profit?
By opening the position you bought 200,000 USD and sold 117.89 * 200,000 = 23,578,000 JPY.
By closing the position you sold 200,000 USD and bought 118.40 * 200,000 = 23,680,000 JPY.
Dollars are mutually canceled, you have +102,000 JPY, or at the close level +861.49 USD. This will be your profit.

What is the value of one pip?

Let's calculate the value of one pip on FOREX on GBP/CHF. Suppose, we buy 1 lot at 2.3300 and sell at 2.3301. When opening position we buy 100,000 GBP and sell 2.3300 * 100,000 = 233,000 CHF. Closing position we sell 100,000 GBP and buy 2.3301 * 100,000 = 233,010 CHF. GBP are mutually cancelled and Swiss franks are remained +10 CHF, which is +10 / (the rate of USD/CHF) = +10 / 1.6010 = 6.25 USD. Thus by earning 1 pip on 1 lot on FOREX on GBP/CHF we get profit of $6,25. This is the value of 1 pip on GBP/CHF. On other currencies the pip value is calculated the same way.

Can I use leverage less than your average size, 1:33 for example?

Leverage of 1:100 is maximum. You can apply to broker is you want to change it. But, is it reasonable? Take the example. Assume that you have $10 000.

• your leverage is 1:100, you enter the market having 1.0 lot. Margin requirement is $1 000 (10% of the deposit). Stop Out will take places when the losses are more than $9 700. For EUR/USD it is more than 970 pips.
• your leverage is 1:33, you enter the market having 1.0 lot. Margin requirement is $3 000 (33% of the deposit). Stop out will take place when you losses are more than $9 100. For EUR/USD it is more than 910 pips.

Note: Stop Out means that your equity (account balance +profit on open positions-losses on open position) is less than 30% of necessary margin. In this case a broker can close all your positions, or some of them.

So, the less leverage the more margin requirements, but there is almost no advantages. To minimize the risks don't rely on the leverage but follow the rules of Money Management.

Are there limited number of transaction that I need to make per month?

Broker has no limits for the number of your transactions. Follow your trading strategy.

Give more information how to open a live account to trade on forex and CFDs.

The procedure of opening a live account is here: "Open a live account".

Why did a broker close my loss position without my consent?

Broker has the right to close one loss position or all your loss positions at the current prices in case if your equity (balance + profits on open posirions - losses on open positions) is less than 30% of the Margin, It is called over-loss or stop out.

For example, B - account balance, M - margin for open positions, L - losses for open positions, then over-loss happens when L - ( B - M ) > 70% x M, or B - L < 30% x M.