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Spread Rates
Target Bid/Ask Spreads.
Our target bid / ask spreads listed are the 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 trading
platform.
Curreny
pairs |
Spread
rates in basis points* |
|
EURUSD |
0.0003 |
USDJPY |
0.03 |
|
USDCHF |
0.0003 |
GBPUSD |
0.0003 |
|
EURJPY |
0.04 |
EURCHF |
0.0004 |
|
EURGBP |
0.0004 |
GBPJPY |
0.09 |
|
USDCAD |
0.0005 |
AUDUSD |
0.0005 |
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Margin Requirements.
Forex is traded on margin enabling you to leverage a small
margin deposit for a much greater market effect. Minimum margin
rates for the swissDirekt standard forex account is:
CURRENCIES |
MARGIN
NORMAL /WEEK-END |
FX - Major
AUD CAD CHF DKK EUR GBP JPY NOK NZD SEK USD
|
2% / 4% |
| |
FX - Minors
CZK HUF PLN SGD THB ZAR MXN (HKD SKK TRL)
|
8% / 16% |
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Note: (margin rates are higher over the weekends Weekend
margin rates apply from 18:00 on Friday to 19:00 on Sunday
CET and on non-banking days).
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.
Forex Trading Hours
We are open for 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)
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