Product Details
Everything you need to know before you trade.
Make informed decisions by empowering your trading journey with our transparency and high standards of integrity.
Spreads
Spreads represent the difference between the bid (sell) and ask (buy) prices of a currency pair. For instance, if the EUR/USD pair has a bid price of 1.1050 and an ask price of 1.1052, the spread is 2 pips. Spreads can be either fixed or variable, depending on market conditions. Generally, a lower spread results in lower trading costs.
At CG FinTech, we always strive to offer the lowest trading spreads, ensuring that our clients have access to competitive quotes and liquidity across a wide range of products.
Leverage
We offer flexible leverage of up to 1:1000 on all account types, enabling you to maximize your transaction size with a smaller initial deposit. For example, with 1:100 leverage, $1,000 of your initial deposit allows you to control a larger postion of $100,000 in the market. While leverage can amplify potential gains, it also carries the risk of losses that may exceed your initial deposit.
Margin
Margin is the minimum amount needed in your account to trade a CFD. Different markets require varying margin levels, usually given as a percentage, indicating how much of your position's value you must deposit. To see the updated margin requirement, please check your MT4 account.
Initial Margin
Initial margin is the amount needed to open a leveraged position, calculated by multiplying your position size by the market’s margin requirement. For example, buying 100 Australia 200 CFDs at 1,000 with a 3% margin requires an initial margin.
The total size of position: USD100,000 (100 * 1,000)
3% of 100,000 is USD 3,000
You need USD 3,000 in your account as initial margin.
Maintenance Margin
Maintenance margin is the amount you need in your account to keep a leveraged position open. To avoid liquidation, ensure your account always has sufficient funds to cover the margin, especially if your position incurs a loss.
Swaps
Swap is the interest applied to all forex positions held overnight, regardless of whether the position is a buy (long) or sell (short). To see the updated swap rate, please check your account for more details.
Stop Out Level
Stop out occurs when a trader's equity falls to 30% of the required margin due to losing positions. At this point, the broker will automatically close positions to restore the margin level.
Trading Hours
The trading hours are the specifc times when financial markets are open for trading. These hours vary by market, with forex operating 24 hours from Monday to Friday, while other markets like stocks, have a set daily hours. Trading hours are highly subject to change. To see the updated trading hours of a market, please check your MT4 account for most accurate details.
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