US Dollar vs Turkish Lira (USDTRY)
Past performance is not a reliable indicator of future results.
Start trading USDTRY
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Contracts specifications
Parameters
Data
Leverage up to
1:5 (Retail - 1:5)
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
0
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.
Symbol
USDTRY
Symbol – the instrument ticker in the trading platform.
Minimum Spread, TRY
0.0175
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, TRY
0.025
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, TRY
0.025
Limit / Stop Levels – minimum distance from the current price for placement of pending orders in normal market conditions.
SWAP Value (Long), Pips
-500.0
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
20.0
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, USD
100 000
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
50
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, TRY
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.
Minimum Margin, USD
20000 (Retail - 20000)
Minimum Margin – the amount of funds required to open and maintain a 1-lot position with the lowest margin requirements.
Trading status
Full access
Trading status shows whether the instrument is generally available for trading and if any restrictions apply.
Minimum Hedged Margin, USD
10000 (Retail - 10000)
The minimum hedged margin is the reduced margin requirement for offsetting long and short positions in the same instrument. In Forex trading, it is calculated in currency units using the highest leverage for a 1-lot position. For commodities, it is expressed as a percentage and applied to each side of the overlapping notional value.
Trading Platform
Metatrader 5
Trading Platform – a trading software required to start trading this instrument.
Trading Schedule, EET
00:05 - 23:59 Mon - Fri
EET – trading hours in Eastern European Time (GMT+2, summer - GMT+3).
NB! Please note that your summary exposure on this instrument may not exceed 5 lots. This limit is applied separately for long and short positions (i.e. without netting).
Parameters
Data
Leverage up to
1:25 (Retail - 1:20)
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
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.
Symbol
USDTRY-Z
Symbol – the instrument ticker in the trading platform.
Minimum Spread, TRY
0.016947
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, TRY
0.02421
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, TRY
0.02421
Limit / Stop Levels – minimum distance from the current price for placement of pending orders in normal market conditions.
SWAP Value (Long), Pips
-500.0
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
20.0
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, USD
100 000
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
50
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, TRY
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.
Minimum Margin, USD
4000 (Retail - 5000)
Minimum Margin – the amount of funds required to open and maintain a 1-lot position with the lowest margin requirements.
Trading status
Full access
Trading status shows whether the instrument is generally available for trading and if any restrictions apply.
Minimum Hedged Margin, USD
2000 (Retail - 2500)
The minimum hedged margin is the reduced margin requirement for offsetting long and short positions in the same instrument. In Forex trading, it is calculated in currency units using the highest leverage for a 1-lot position. For commodities, it is expressed as a percentage and applied to each side of the overlapping notional value.
Trading Platform
Metatrader 5
Trading Platform – a trading software required to start trading this instrument.
Trading Schedule, EET
00:05 - 23:59 Mon - Fri
EET – trading hours in Eastern European Time (GMT+2, summer - GMT+3).
NB! Please note that your summary exposure on this instrument may not exceed 5 lots. This limit is applied separately for long and short positions (i.e. without netting).