1. The trading hours for Forex (“FX”) are from Monday 00:00 to Friday 24:00 (Platform time). Please be mindful of public holidays as trading times may change.
2. Our Forex pairs are spread-based only for Standard GO Account holders. GO Plus+ Account holders receive lower spreads and fixed monetary commissions.
3. Our FX prices are derived from various quotes by our liquidity providers and include Alphates own spread. Our spreads are variable.
4. Your profits and losses are realised in the second named (terms) currency of the pair you are trading. If this currency is different to your account currency, your realised profit and loss will be converted based on the spot rate at the time of conversion.
5. If you have one or more FX positions open at 24:00 (Platform time), there will be a daily Swap adjustment to your position.
6. For open FX position(s) on a Wednesday at 24:00 (Platform time), the Swap adjustment will be for 3 days instead of 1. This is to cover settlement of trades over the weekend. Please be mindful of public holidays as these may change.

To calculate the FX margin requirement, you will require the following formula:

(Market quote * Volume) / Leverage = $Margin Requirement

Example

The current EURUSD price is quoted as 1.13729, and we would like to trade one standard lot (100,000) using our account leverage of 1:100

The calculation would be (1.13729 * 100,000) / 100 = -$1137.30 USD

Note: If the base currency of your account is not in USD, this amount can simply be converted into the corresponding currency AUD, GBP, NZD etc.