| Parameters |
Data |
|
Leverage up to
|
1:500 (Retail - 1:30)
|
|
Leverage – the ratio of position's notional value to amount of margin required for opening a position (e.g. leverage 1:500 means that EUR 100,000 contract requires as low as 200 EUR margin).
|
|
Commission, USD per lot (single side)
|
3.0
|
|
Commission – summary commission for opening and closing a position.
|
|
Symbol
|
GBPUSD-ECN
|
|
Symbol – the instrument ticker in the trading platform.
|
|
Minimum Spread, Pips
|
0.1
|
|
Minimum Spread – the lowest value of the floating spread, expressed in pips. Pip – for Forex instruments quoted to the 5th place following the decimal point (e.g. GBPUSD – 1.32451), 1 pip is equal to a price increment of 0.00010; for Forex instruments quoted to the 3rd place following the decimal point (e.g. USDJPY – 101.522), 1 pip is equal to a price increment of 0.010. For spot metals 1 pip is equal to a price increment of 0.01. For indices and cryptocurrencies 1 pip is equal to a price increment of 1.0. For other instruments 1 pip is equal to Tick Size.
|
|
Typical Spread, Pips
|
0.6
|
|
Typical Spread – the typical value of the floating spread in normal market conditions (for cash indices – the typical value of the spread during trading hours of underlying stock index), expressed in pips. Pip – for Forex instruments quoted to the 5th place following the decimal point (e.g. GBPUSD – 1.32451), 1 pip is equal to a price increment of 0.00010; for Forex instruments quoted to the 3rd place following the decimal point (e.g. USDJPY – 101.522), 1 pip is equal to a price increment of 0.010. For spot metals 1 pip is equal to a price increment of 0.01. For indices and cryptocurrencies 1 pip is equal to a price increment of 1.0. For other instruments 1 pip is equal to Tick Size.
|
|
Limit / Stop Levels
|
0
|
|
Limit / Stop Levels – minimum distance from the current price for placement of pending orders in normal market conditions.
|
|
SWAP Value (Long), Pips
|
-0.917
|
|
SWAP Value (Long) – an amount to be credited or debited for rolling a Buy position over one trading day to the next.
|
|
SWAP Value (Short), Pips
|
0.066
|
|
SWAP Value (short) – an amount to be credited or debited for rolling a Sell position over one trading day to the next.
|
|
3-day SWAPs
|
Wednesday
|
|
3-day SWAPs – a day of the week when the SWAP is credited or debited in a triple amount.
|
|
Tick Size
|
0.00001
|
|
Tick Size – the minimum increment of the price.
|
|
Lot Size, GBP
|
100000
|
|
Lot Size – a quantity of the underlying asset units in a single standardized contract (1.0 Lots).
|
|
Minimum Contract Size, Lots
|
0.01
|
|
Minimum Contract Size – the minimum contract size for opening a position. Lot – the standardized contract for a certain amount of units of the underlying asset (e.g. 100 barrels of crude oil, 100 troy oz of gold or 100,000 units of the base currency).
|
|
Maximum Contract Size, Lots
|
200
|
|
Maximum Contract Size The maximum contract size for opening a position Lot The standardized contract for a certain amount of units of the underlying asset (e.g. 100 barrels of crude oil, 100 troy oz of gold or 100,000 units of the base currency).
|
|
Contract Step, Lots
|
0.01
|
|
Contract Step – the minimum increment of the contract above the minimum contract size level. Lot – the standardized contract for a certain amount of units of the underlying asset (e.g. 100 barrels of crude oil, 100 troy oz of gold or 100,000 units of the base)
|
|
Pip Value Per Minimum Contract, USD
|
0.1
|
|
Pip Value Per Minimum Contract – a value of the minimum price increment for a position with the lowest available contract size. Pip – for Forex instruments quoted to the 5th place following the decimal point (e.g. GBPUSD – 1.32451), 1 pip is equal to a price increment of 0.00010; for Forex instruments quoted to the 3rd place following the decimal point (e.g. USDJPY – 101.522), 1 pip is equal to a price increment of 0.010. For spot metals 1 pip is equal to a price increment of 0.01. For indices 1 pip is equal to a price increment of 1.0, which is also called an Index Point. For other instruments 1 pip is equal to Tick Size.
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|
Minimum Margin, GBP
|
200 (Retail - 3,333.33)
|
|
Minimum Margin – the amount of funds required to open and maintain a 1-lot position with the lowest margin requirements.
|
|
Minimum Hedged Margin, GBP
|
100 (Retail - 1,666.67)
|
|
Minimum Hedged Margin – the amount of funds required to open and maintain two offsetting 1-lot positions (Buy and Sell) with the lowest margin requirements.
|
|
Trading Platform
|
Metatrader 4
|
|
Trading Platform – a trading software required to start trading this instrument.
|
|
Trading Schedule, EET
|
00:05 - 23:59 Mon - Fri; pre-close margining from 23:00 Fri
|
|
EET – trading hours in Eastern European Time (GMT+2, summer - GMT+3).
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