Newtek Business Services Corp (NEWT)
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Contracts specifications
Invest.MT5
Parameters
Data
Minimum Margin, %
100
Minimum Margin – the amount of funds required to open and maintain a 1-lot position with the lowest margin requirements.
Commission-free trades
1 per day
No commission will be charged for the opening and/or closing of positions in this instrument within the allowed number of daily free trades.
The standard commission will apply to all following trades. Your daily allowance of commission-free trades resets each day, applying only to the first trades of that day. Other fees as per the Contract Specification may still apply.
For Invest.MT5 and Trade.MT5 accounts a commission-free trade constitutes a one-side trade, while for Trade.MT4 it refers to a round-turn trade, encompassing both opening and closing of the same position.
The standard commission will apply to all following trades. Your daily allowance of commission-free trades resets each day, applying only to the first trades of that day. Other fees as per the Contract Specification may still apply.
For Invest.MT5 and Trade.MT5 accounts a commission-free trade constitutes a one-side trade, while for Trade.MT4 it refers to a round-turn trade, encompassing both opening and closing of the same position.
Commission, USD
0.02
Commission – The service charge for executing a per-side transaction, i.e., opening or closing a position in an instrument. Depending on the instrument, the commission might be set in the per cent of trade value, or a flat rate per share.
Minimum Commission, USD
1
Minimum Commission – the minimum service charge applied to each transaction (the opening or closing a position) in the event that the calculated payable commission falls below the defined minimum.
Symbol
NEWT
Symbol – the instrument ticker in the trading platform.
Lot Size, Shares
1
Lot Size – a quantity of the underlying asset units in a single standardized contract (1.0 Lots).
Minimum Contract Size, Lots
1
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
10000
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
1
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)
Trading status
Long Only
Trading status shows whether the instrument is generally available for trading and if any restrictions apply.
Additional fee, tax or levy
No
Where applicable, transactions and distributions will be adjusted for applicable withholding taxes and certain other taxes and levies on the buying and selling of assets, such as U.K. Stamp Duty and U.K. PTM Levy, French and Spanish Financial Transaction Tax, Partnership Withholding Tax.
Please note that you may also be liable for paying additional tax on any capital gains or dividend payments. If you are unsure of your obligations, you should check with the relevant tax authority or speak to a tax specialist.
Please note that you may also be liable for paying additional tax on any capital gains or dividend payments. If you are unsure of your obligations, you should check with the relevant tax authority or speak to a tax specialist.
Trading Platform
Metatrader 5
Trading Platform – a trading software required to start trading this instrument.
Trading Schedule, EET
16:31 - 23:00 Mon - Fri
EET – trading hours in Eastern European Time (GMT+2, summer - GMT+3).