Forex contract specification

Trading Hours - time intervals when trading on financial markets is possible. Only at this time it is possible to receive quotes andthere is a possibility to open / edit / close positions (orders), set / modify / remove pending orders.

Symbol - financial instrument designation in trading platforms. To see the full name of any instrument put the mouse pointer over the symbol and wait for the comment.

Ask - the Ask quote at the moment of page reload/update.

Fixed Spread - the constant value between Bid and Ask prices of any financial instrument. The company provides fixed spreads for all instruments on Classic accounts and ensures that during the most of the time spread values are within the specification with the exception of situations described in "Regulations for trading operations".

Floating Spread - the dynamic (time-varying) value between the Bid and Ask prices of any financial instrument. The company provides floating spreads for all instruments on Market Pro accounts. In the contract specification the range of a floating spread is presented in context of three values: minimum, average and maximum. The company guarantees that in most of the trading time spreads will not exceed the specified maximum value, but with the exception of situations described in "Regulations for trading operations".

Limit & Stop Levels - minimal distance (in points) from the level (price) of setting order to the actual price. Works for all types or orders: Stop Loss, Take Profit, Buy Limit, Sell Limit, Buy Stop, Sell Stop, Buy Stop Limit, Sell Stop Limit. The company guarantees that in most of the trading time, spreads will not exceed the specified maximum value, but with the exception of situations described in "Regulations for trading operations".

Gap - a situation when the current price is different from the previous one by more than the spread value. That can occur during the trading session after the major macroeconomic data, economic and political news, in case of force majeure, or at the market opening after the weekend and holidays.

Freeze Level - range (in points) in both directions from the declared level of order execution (open price of a pending order, stop loss or take profit rates on opened position). If the current market price is in this range, a ban on the change, removal or closure of such order can occur. In most of the time, trading is going without Freeze levels, but in situations when there may be an abrupt change of the price of any financial instrument (before and after the publication of the fundamental data, speeches by significant in the economic environment people, market interventions etc.), the company has the right to set the levels of "freezing" equal to 3 standard spreads.

Commission is the payment incurred by the company for trading transactions. Commission is based on volume, current exchange rate and commission per cent provided by the specification. "Commission in %" is specified for one circle, whereas "Commission in currency" is for the full circle (open/closing order) for the volume chosen by a user. Once a transaction is opened on trading account, commission will be deducted for a full circle at once.

Margin - margin funds required to open and maintain the position, indicated in deposit currency (for example USD - U.S. Dollars).

Point Value - floating profit / loss per one point of price change, indicated in deposit currency (for example USD - U.S. Dollars).

Swap - funds deducted or credited to the Client account for the rollover to the next day (given in points). Calculation and fixing of the swap occurs in the last minute of a trading day according to the server time (from 23:59 to 00:00). Attention! Rollover from Wednesday to Thursday is calculated in triple size. From Friday to Monday and other days swaps are charged for one day.

• Swap amount indicated in points is calculated as "Point value in account currency" * "Swap value in points"
• Total swap indicated in percentage is calculated as "Contract size of 1 lot" * "Amount of lots" * "Swap value in percentage" / 360, received value must be converted from contract currency into account currency.