TrustCo Bank Corp NY CFD (#TRST)

Minimum Margin, %

50

Minimum Margin – the amount of funds required to open and maintain a 1-lot position with the lowest margin requirements.

Commission-free trades

6 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.

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

#TRST

Symbol – the instrument ticker in the trading platform.

Minimum Spread, USD

0.05

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, USD

0.05

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, USD

0.05

Limit / Stop Levels – minimum distance from the current price for placement of pending orders in normal market conditions.

SWAP Value (Long), %

-0.02081

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), %

0.0

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

Friday

3-day SWAPs – a day of the week when the SWAP is credited or debited in a triple amount.

Tick Size

0.01

Tick Size – the minimum increment of the price.

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

500

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)

Pip Value Per Minimum Contract, USD

0.01

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 Hedged Margin, %

25

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 status

Close 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.

Dividend Adjustment per Share, USD

0.36

Dividend Adjustment per Share – amount of funds to be credited (for Buy positions) or debited (for Sell positions) in order to account for dividend payouts on underlying assets of the stock and index CFDs. Dividend adjustment payments are subject to local withholding taxes, with the rates depending on the country where the underlying share is traded. Please consult your tax advisor. Please also note that dividend adjustment values in this specification are based on forecasts provided by information agencies and may not correctly reflect resulting dividend adjustments that will be made on the basis of actual dividend payouts.

Dividend Adjustment Date

31.08.2023

Dividend Adjustment Date – the date of the next dividend adjustment (the ex-dividend date of the underlying asset) or the last announced dividend date of the underlying asset.

Trading Platform

Metatrader 5

Trading Platform – a trading software required to start trading this instrument.

Trading Schedule, EET

16:35 - 23:00 Mon - Fri

EET – trading hours in Eastern European Time (GMT+2, summer - GMT+3).