SPREAD
Our Feed comes from leading liquidity providers and banks. Feeds can come through from as many as 70 institutions when viewing spreads on the MetaTrader 5 platform. This variety allows us to offer industry-leading spreads as low as 0.2 pips on Platinum accounts, and 1.0 pip on Standard accounts. While spreads on the majors can go below 1-pip during liquid times - the typical forex spreads are listed below.
| STANDARD | SLIVER | GOLD | PLATINUM | ISLAMIC | |
|---|---|---|---|---|---|
| EUR/USD | FROM 1.3 PIP(S) | FROM 1 PIP(S) | FROM 0.6 PIP(S) | FROM 0.2 PIP(S) | FROM 2 PIP(S) |
| GBP/USD | FROM 1.3 PIP(S) | FROM 1 PIP(S) | FROM 0.6 PIP(S) | FROM 0.2 PIP(S) | FROM 2 PIP(S) |
| AUD/USD | FROM 1.3 PIP(S) | FROM 1 PIP(S) | FROM 0.6 PIP(S) | FROM 0.2 PIP(S) | FROM 2 PIP(S) |
| USD/JPY | FROM 1.5 PIP(S) | FROM 1.2 PIP(S) | FROM 0.8 PIP(S) | FROM 0.4 PIP(S) | FROM 2.3 PIP(S) |
| USD/CAD | FROM 1.5 PIP(S) | FROM 1.3 PIP(S) | FROM 0.8 PIP(S) | FROM 0.5 PIP(S) | FROM 2.2 PIP(S) |
SWAP RATE
When trading spot Foreign Exchange (Forex trading), all Forex trades will settle two business days from date of entry, as per market convention.
Cash Indices and Commodities will settle at the end each business day (server time 00:00). eForex is not involved in the physical delivery of trades, thus all positions left open at the end of the trading day will be rolled over to a new value date and will therefore have exposure to a swap charge.
Please note: For Forex trades held open from Wednesday to Thursday as per server time, the new value date becomes Monday, rather than the weekend. This means the rollover charge on a Wednesday evening will be three times the usual value indicated on the table
As cash indices and commodities are same day settlement, holding trades over the weekend from Friday to Monday will carry three times the usual value as it accrues the three days of swap.
MARGIN CALL
A margin call is an alert generated by your trading platform when your account value (Equity) is equal to or less than a certain percentage of the minimum margin requirement.
Please note that eForex Markets does not provide a margin call warning. Margin calls are triggered when your account equity has dipped below a certain percentage of required margin to support your open positions. This occurs when your floating losses reduce your account equity to a level that is less than your margin requirement. We advise all clients and traders to strictly adhere to margin requirements when trading. Minimum margin requirements on open positions must be maintained by the customer at all times. Any or all open positions are subject to liquidation by eForex Markets should a minimum margin requirement fail to be maintained.
Margin requirements may change at any time. eForex Markets will do its best to inform the client about any projected changes by email and via the trading platform’s message system at least a week, before changes come into effect.
Our platforms issue a margin call at 100% level. This means a margin call will be triggered when the account value (Equity) is equal to 100% of required margin to support all the open positions. If a margin call is set at 100%, it means that the account equity should be equal to the margin used. This is simply a warning message that the trader needs to deposit more funds.
STOP OUT LEVEL
Stop out is the level at which our trading platform automatically closes one or more open positions to safeguard the client and our company’s interests. This will occur if your account value is equal to or less than a certain percentage of the Minimum Margin Requirement.
If the stop out is set at 50%, then when the account equity reaches 50% of the margin used, all positions will be automatically closed, starting with the account with the most losses, until either there are enough funds to maintain the remaining positions or there are no open positions left.