Rollovers, Interest. A daily financing charge may apply to each FX/CFD open position at the closing of the Company’s trading day as regard to that FX/CFD. If such financing charge is applicable, it will either be requested to be paid by Client directly to the Company or it will be paid by the Company to Client, depending on the type of FX/CFD and the nature of the position Client holds. The method of calculation of the financing charge varies according to the type of FX/CFD to which it applies. Moreover, the amount of the financing charge will vary as it is linked to current interest rates (such as LIBOR). The financing charge will be credited or debited (as appropriate) to Client’s account on the next trading day following the day to which it relates. In case the Client completed his/her registration process but has not has not proceeded with a deposit and/or place a transaction no fees will be charged by the Company. Information including but not limited to deposit methods, minimum/maximum initial deposit amount, deposit time, and withdrawal fees is set out in the Company’s Website as amended from time to time. Clients are obliged to pay to the Company commissions, fees, charges and other costs as described in the Trading Platform and/or on the Company’s Website xxxxx://xxx.xxxxxxxxxxx.xx when using the services of the Company (placing orders) The Company reserves the right to change the method of calculating the financing charge, the financing rates and/or the types of FX/CFDs to which the financing charge applies. For certain types of FX/CFDs, a commission is payable by Client to open and close FX/CFD positions. Such commission payable will be debited from Client’s account at the same time as the Company opens or closes the relevant FX/CFD. Changes in our swap interest rates and calculations shall be at our own discretion and without notice. Clients need to always check our website for the then current rates charged. Rates may change quickly due to market conditions (changes in interest rates, volatility, liquidity etc.) and due to various risk related matters that are at the firm's sole discretion.
Appears in 2 contracts
Samples: Client Agreement, Client Agreement
Rollovers, Interest. A daily financing charge may apply to each FX/CFD open position at the closing of the Company’s trading day as regard to that FX/CFD. If such financing charge is applicable, it will either be requested to be paid by Client directly to the Company or it will be paid by the Company to Client, depending on the type of FX/CFD and the nature of the position Client holds. The method of calculation of the financing charge varies according to the type of FX/CFD to which it applies. Moreover, the amount of the financing charge will vary as it is linked to current interest rates (such as LIBOR). The financing charge will be credited or debited (as appropriate) to Client’s account on the next trading day following the day to which it relates. In case the Client completed his/her registration process but has not has not proceeded with a deposit and/or place a transaction no fees will be charged by the Company. Information including but not limited to deposit methods, minimum/maximum initial deposit amount, deposit time, and withdrawal fees is set out in the Company’s Website as amended from time to time. Clients are obliged to pay to the Company commissions, fees, charges and other costs as described in the Trading Platform and/or on the Company’s Website xxxxx://xxx.xxxxxxxxxxx.xx xxxxx://xxx.xxxxxxxxxxx.xxx when using the services of the Company (placing orders) The Company reserves the right to change the method of calculating the financing charge, the financing rates and/or the types of FX/CFDs to which the financing charge applies. For certain types of FX/CFDs, a commission is payable by Client to open and close FX/CFD positions. Such commission payable will be debited from Client’s account at the same time as the Company opens or closes the relevant FX/CFD. Changes in our swap interest rates and calculations shall be at our own discretion and without notice. Clients need to always check our website for the then current rates charged. Rates may change quickly due to market conditions (changes in interest rates, volatility, liquidity etc.) and due to various risk related matters that are at the firm's sole discretion.
Appears in 1 contract
Samples: Client Agreement
Rollovers, Interest. A daily financing charge may apply to each FX/CFD open position at the closing of the Company’s trading day as regard to that FX/CFD. If such financing charge is applicable, it will either be requested to be paid by Client directly to the Company or it will be paid by the P a g e | 9 Company to Client, depending on the type of FX/CFD and the nature of the position Client holds. The method of calculation of the financing charge varies according to the type of FX/CFD to which it applies. Moreover, the amount of the financing charge will vary as it is linked to current interest rates (such as LIBOR). The financing charge will be credited or debited (as appropriate) to Client’s account on the next trading day following the day to which it relates. In case the Client completed his/her registration process but has not has not proceeded with a deposit and/or place a transaction no fees will be charged by the Company. Information including but not limited to deposit methods, minimum/maximum initial deposit amount, deposit time, and withdrawal fees is set out in the ‘Account Funding’ section on the Company’s Website as amended from time to time. Clients are obliged to pay to the Company commissions, fees, charges and other costs as described in the Trading Platform and/or on the Company’s Website xxxxx://xxx.xxxxxxxxxxx.xx when using the services of the Company (placing orders) The Company reserves the right to change the method of calculating the financing charge, the financing rates and/or the types of FX/CFDs to which the financing charge applies. For certain types of FX/CFDs, a commission is payable by Client to open and close FX/CFD positions. Such commission payable will be debited from Client’s account at the same time as the Company opens or closes the relevant FX/CFD. Changes in our swap interest rates and calculations shall be at our own discretion and without notice. Clients need to always check our website for the then current rates charged. Rates may change quickly due to market conditions (changes in interest rates, volatility, liquidity etc.) and due to various risk related matters that are at the firm's sole discretion.
Appears in 1 contract
Samples: Client Agreement
Rollovers, Interest. A daily financing charge may apply to each FX/CFD open position at the closing of the Company’s trading day as regard to that FX/CFD. If such financing charge is applicable, it will either be requested to be paid by Client directly to the Company or it will be paid by the Company to Client, depending on the type of FX/CFD and the nature of the position Client holds. The method of calculation of the financing charge varies according to the type of FX/CFD to which it applies. Moreover, the amount of the financing charge will vary as it is linked to current interest rates (such as LIBOR). The financing charge will be credited or debited (as appropriate) to Client’s account on the next trading day following the day to which it relates. In case the Client completed his/her registration process but has not has not proceeded with a deposit and/or place a transaction no fees will be charged by the Company. Information including but not limited to deposit methods, minimum/maximum initial deposit amount, deposit time, and withdrawal fees is set out in the Company’s Website as amended from time to time. Clients are obliged to pay to the Company commissions, fees, charges and other costs as described in the Trading Platform and/or on the Company’s Website xxxxx://xxx.xxxxxxxxxxx.xx xxxxx://xxx.xxxxxxxxxx.xxx when using the services of the Company (placing orders) The Company reserves the right to change the method of calculating the financing charge, the financing rates and/or the types of FX/CFDs to which the financing charge applies. For certain types of FX/CFDs, a commission is payable by Client to open and close FX/CFD positions. Such commission payable will be debited from Client’s account at the same time as the Company opens or closes the relevant FX/CFD. Changes in our swap interest rates and calculations shall be at our own discretion and without notice. Clients need to always check our website for the then current rates charged. Rates may change quickly due to market conditions (changes in interest rates, volatility, liquidity etc.) and due to various risk related matters that are at the firm's sole discretion.
Appears in 1 contract
Samples: Client Agreement
Rollovers, Interest. Unicorn Forex Brokers (UNFXB LTD). is an online trade company registered . location at Agias Xxxxx 22A 1st floor Flat /Office 101 0000 Xxxxxxxx Xxxxxx , Reg. No. HE415055 Tel : +00 000 000 0000 xxxxx://xxxxx.xxx A daily financing charge may apply to each FX/CFD open position at the closing of the Company’s trading day as regard to that FX/CFD. If such financing charge is applicable, it will either be requested to be paid by Client directly to the Company or it will be paid by the Company to Client, depending on the type of FX/CFD and the nature of the position Client holds. The method of calculation of the financing charge varies according to the type of FX/CFD to which it applies. Moreover, the amount of the financing charge will vary as it is linked to current interest rates (such as LIBOR). The financing charge will be credited or debited (as appropriate) to Client’s account on the next trading day following the day to which it relates. In case the Client completed his/her registration process but has not has not proceeded with a deposit and/or place a transaction no fees will be charged by the Company. Information including but not limited to deposit methods, minimum/maximum initial deposit amount, deposit time, and withdrawal fees is set out in the Company’s Website as amended from time to time. Clients are obliged to pay to the Company commissions, fees, charges and other costs as described in the Trading Platform and/or on the Company’s Website xxxxx://xxx.xxxxxxxxxxx.xx when using the services of the Company (placing orders) The Company reserves the right to change the method of calculating the financing charge, the financing rates and/or the types of FX/CFDs to which the financing charge applies. For certain types of FX/CFDs, a commission is payable by Client to open and close FX/CFD positions. Such commission payable will be debited from Client’s account at the same time as the Company opens or closes the relevant FX/CFD. Changes in our swap interest rates and calculations shall be at our own discretion and without notice. Clients need to always check our website for the then current rates charged. Rates may change quickly due to market conditions (changes in interest rates, volatility, liquidity etc.) and due to various risk related matters that are at the firm's ’s sole discretion. A fix commission applies for the symbols quoted with a variable spread, according with the Specifications table. This commission is fixed per contract, per leg (one way). The company reserves the right to modify the trading commission and is not liable for any losses incurred by Clients when the commission changes. When trading instruments with variable spreads and commission please carefully periodically check the Specifications table. The Company is not to be kept liable for any change of the variable spread or of the commission.
Appears in 1 contract
Samples: Client Agreement
Rollovers, Interest. A daily financing charge may apply to each FX/CFD open position at the closing of the Company’s Leadcapital Corp LTD's trading day as regard to that FX/CFD. If such financing charge is applicable, it will either be requested to be paid by Client directly to the Company Leadcapital Corp LTD or it will be paid by the Company Leadcapital Corp LTD to Client, depending on the type of FX/CFD and the nature of the position Client holds. The method of calculation of the financing charge varies according to the type of FX/CFD to which it applies. Moreover, the amount of the financing charge will vary as it is linked to current interest rates (such as LIBOR). The financing charge will be credited or debited (as appropriate) to Client’s 's account on the next trading day following the day to which it relates. In case the Client completed his/her registration process but has not has not proceeded with a deposit and/or place a transaction no fees will be charged by the Company. Information including but not limited to deposit methods, minimum/maximum initial deposit amount, deposit time, and withdrawal fees is set out in the Company’s Website as amended from time to time. Clients are obliged to pay to the Company commissions, fees, charges and other costs as described in the Trading Platform and/or on the Company’s Website xxxxx://xxx.xxxxxxxxxxx.xx when using the services of the Company (placing orders) The Company Leadcapital Corp Ltd reserves the right to change the method of calculating the financing charge, the financing rates and/or the types of FX/CFDs to which the financing charge applies. For certain types of FX/CFDs, a commission is payable by Client to open and close FX/CFD positions. Such commission payable will be debited from Client’s 's account at the same time as the Company Leadcapital Corp LTD opens or closes the relevant FX/CFD. Changes in our swap interest rates and calculations shall be at our own discretion and without notice. Clients need to always check our website for the then current rates charged. Rates may change quickly due to market conditions (changes in interest rates, volatility, liquidity etc.) and due to various risk related matters that are at the firm's sole discretion. Additional Conversion fees apply. Conversion fees will apply only when your account currency is different than the quoted currency of the underlying asset being traded. The fee will be reflected as a percentage of the conversion rate used. This will affect any conversions made on the Used Margin, Profit and Loss, Overnight Rollovers (Financing), CFD Rollovers and adjustments for Corporate Actions. As an example, if the account currency is US Dollars and you open a position on a Euro quoted asset (i.e. Germany30) your Used Margin is converted in US Dollars. The conversion will include a fixed percentage on the conversion rate applicable at the time as a mark-up. The future contract on which a CFD is based has an expiration date, and clients will be able to close their CFD positions until this date. In order to insure continuous trading conditions for the client, when a future contract that a CFD is based on reaches its maturity, the underlying asset of that CFD will be switched to the next maturity of the same futures contract. A calendar of such rollovers is mentioned on the ArgoTrade section "CFD Expiration Dates". A premium will be either added or substracted from the client's account, based on the difference in prices between the two futures contracts. Example: If you sell 1 lot EURUSD, you will pay rollover costs on 100.000 Euro, which at the current rate would be $0.017. This rate may vary over time, for actual rates please check the "CFD Expiration Dates" on our website.
Appears in 1 contract
Samples: Retail Client Agreement
Rollovers, Interest. A daily financing charge may apply to each FX/CFD open position at the closing of the Company’s trading day as regard to that FX/CFD. If such financing charge is applicable, it will either be requested to be paid by Client directly to the Company or it will be paid by the P a g e | 9 Company to Client, depending on the type of FX/CFD and the nature of the position Client holds. The method of calculation of the financing charge varies according to the type of FX/CFD to which it applies. Moreover, the amount of the financing charge will vary as it is linked to current interest rates (such as LIBOR). The financing charge will be credited or debited (as appropriate) to Client’s account on the next trading day following the day to which it relates. In case the Client completed his/her registration process but has not has not proceeded with a deposit and/or place a transaction no fees will be charged by the Company. Information including but not limited to deposit methods, minimum/maximum initial deposit amount, deposit time, and withdrawal fees is set out in the Company’s Website as amended from time to time. Clients are obliged to pay to the Company commissions, fees, charges and other costs as described in the Trading Platform and/or on the Company’s Website xxxxx://xxx.xxxxxxxxxxx.xx when using the services of the Company (placing orders) The Company reserves the right to change the method of calculating the financing charge, the financing rates and/or the types of FX/CFDs to which the financing charge applies. For certain types of FX/CFDs, a commission is payable by Client to open and close FX/CFD positions. Such commission payable will be debited from Client’s account at the same time as the Company opens or closes the relevant FX/CFD. Changes in our swap interest rates and calculations shall be at our own discretion and without notice. Clients need to always check our website for the then current rates charged. Rates may change quickly due to market conditions (changes in interest rates, volatility, liquidity etc.) and due to various risk related matters that are at the firm's sole discretion.
Appears in 1 contract
Samples: Client Agreement
Rollovers, Interest. A daily financing charge may apply to each FX/CFD open position at the closing of the Company’s trading day as regard to that FX/CFD. If such financing charge is applicable, it will either be requested to be paid by Client directly to the Company or it will be paid by the Company to Client, depending on the type of FX/CFD and the nature of the position Client holds. The method of calculation of the financing charge varies according to the type of FX/CFD to which it applies. Moreover, the amount of the financing charge will vary as it is linked to current interest rates (such as LIBOR). The financing charge will be credited or debited (as appropriate) to Client’s account on the next trading day following the day to which it relates. In case the Client completed his/her registration process but has not has not proceeded with a deposit and/or place a transaction no fees will be charged by the Company. Information including but not limited to deposit methods, minimum/maximum initial deposit amount, deposit time, and withdrawal fees is set out in the Company’s Website as amended from time to time. Clients are obliged to pay to the Company commissions, fees, charges and other costs as described in the Trading Platform and/or on the Company’s Website xxxxx://xxx.xxxxxxxxxxx.xx xxx.xxxxxxxxxx.xxx when using the services of the Company (placing orders) The Company reserves the right to change the method of calculating the financing charge, the financing rates and/or the types of FX/CFDs to which the financing charge applies. For certain types of FX/CFDs, a commission is payable by Client to open and close FX/CFD positions. Such commission payable will be debited from Client’s account at the same time as the Company opens or closes the relevant FX/CFD. Changes in our swap interest rates and calculations shall be at our own discretion and without notice. Clients need to always check our website for the then current rates charged. Rates may change quickly due to market conditions (changes in interest rates, volatility, liquidity etc.) and due to various risk related matters that are at the firm's sole discretion.
Appears in 1 contract
Samples: Client Agreement
Rollovers, Interest. (a) A daily financing charge may apply to each FX/CFD open position at the closing of the CompanyFRONTIER MARKETS PTY LTD ’s trading day as regard to that FX/CFD. If such financing charge is applicable, it will either be requested to be paid by Client Customer directly to the Company or it will be paid by the Company to Clientthe Customer, depending on the type of FX/CFD and the nature of the position Client Customer holds. The method of calculation of the financing charge varies according to the type of FX/CFD to which it applies. Moreover, the amount of the financing charge will vary as it is linked to current interest rates (such as LIBOR). The financing charge will be credited or debited (as appropriate) to Clientor from Customer’s account on the next trading day following the day to which it relates. In case the Client completed his/her registration process but has not has not proceeded with a deposit and/or place a transaction no fees will be charged by the Company. Information including but not limited to deposit methods, minimum/maximum initial deposit amount, deposit time, and withdrawal fees is set out in the Company’s Website as amended from time to time. Clients are obliged to pay to the Company commissions, fees, charges and other costs as described in the Trading Platform and/or on the Company’s Website xxxxx://xxx.xxxxxxxxxxx.xx when using the services of the Company .
(placing ordersb) The Company reserves the right to change the method of calculating the financing charge, the financing rates and/or the types of FX/CFDs to which the financing charge applies. For certain types of FX/CFDs, a commission is payable by Client Customer to open and close FX/CFD positions. Such commission payable will be debited from ClientCustomer’s account at the same time as the Company opens or closes the relevant FX/CFD. Changes in our swap interest rates and calculations shall be at our own the Company’s sole and absolute discretion and without notice. Clients need to always check our website for the then current rates charged. Rates may change quickly due to market conditions (changes in interest rates, volatility, liquidity etc.) and due to various risk related matters that are at the firm's Company’s sole discretion.
(c) Any open FX/CFD transaction held by Customer at the end of the trading day as determined by the Company or over the weekend, shall automatically be rolled over to the next Business Day so as to avoid an automatic close and physical settlement of the transaction. Customer acknowledges that when rolling over such transactions to the next Business Day, a premium may be either added or subtracted from Customer’s account with respect to such transaction. The MT4 platform calculates overnight rollover at 21:00 GMT and the rollover charge/credit is debited or credited to and from the trading account.
Appears in 1 contract
Samples: Client Agreement
Rollovers, Interest. A daily financing charge may apply to each FX/CFD open position at the closing of the Company’s trading day as regard to that FX/CFD. If such financing charge is applicable, it will either be requested to be paid by Client directly to the Company or it will be paid by the Company to Client, depending on the type of FX/CFD and the nature of the position Client holds. The method of calculation of the financing charge varies according to the type of FX/CFD to which it applies. Moreover, the amount of the financing charge will vary as it is linked to current interest rates (such as LIBOR). The financing charge will be credited or debited (as appropriate) to Client’s account on the next trading day following the day to which it relates. In case the Client completed his/her registration process but has not has not proceeded with a deposit and/or place a transaction no fees will be charged by the Company. Spyrou Kyprianou 00 Xxxxxx, Xxxxxxxxxx Xxxxx 0, 1st Floor, Xxxx 000, 0000, Xxxx Xxxxxxxx, Xxxxxxxx +000 00000000 xxxx@xxxxxxxxxxx.xx Information including but not limited to deposit methods, minimum/maximum initial deposit amount, deposit time, and withdrawal fees is set out in the ‘Account Funding’ section on the Company’s Website as amended from time to time. Clients are obliged to pay to the Company commissions, fees, charges and other costs as described in the Trading Platform and/or on the Company’s Website xxxxx://xxx.xxxxxxxxxxx.xx when using the services of the Company (placing orders) The Company reserves the right to change the method of calculating the financing charge, the financing rates and/or the types of FX/CFDs to which the financing charge applies. For certain types of FX/CFDs, a commission is payable by Client to open and close FX/CFD positions. Such commission payable will be debited from Client’s account at the same time as the Company opens or closes the relevant FX/CFD. Changes in our swap interest rates and calculations shall be at our own discretion and without notice. Clients need to always check our website for the then current rates charged. Rates may change quickly due to market conditions (changes in interest rates, volatility, liquidity etc.) and due to various risk related matters that are at the firm's sole discretion.
Appears in 1 contract
Samples: Client Agreement
Rollovers, Interest. 5.5.1. A daily financing charge may apply to each FX/CFD open position at the closing of the Company’s Liquidity Providers' trading day as regard regards to that FX/CFD. If such financing charge is applicable, it will either be requested to be paid by Client Customer directly to the Company SVG or it will be paid by the Company SVG to ClientCustomer, depending on the type of FX/CFD and the nature of the position Client Customer holds. The method of calculation of the financing charge varies according to the type of FX/CFD to which it applies. Moreover, the amount of the financing charge will vary as it is linked to current interest rates (such as LIBOR). The financing charge will be credited or debited (as appropriate) to ClientCustomer’s account on at the next trading day following the day to which it relates. In case the Client completed his/her registration process but has not has not proceeded with a deposit and/or place a transaction no fees will be charged by the Company. Information including but not limited to deposit methods, minimum/maximum initial deposit amount, deposit time, and withdrawal fees is set out in the Company’s Website as amended from time to time. Clients are obliged to pay to the Company commissions, fees, charges and other costs as described in the Trading Platform and/or on the Company’s Website xxxxx://xxx.xxxxxxxxxxx.xx when using the services end of the Company (placing orders) The Company trading day. Examples for the calculation of this daily financing charge are available in our website at the “Spreads” section.
5.5.2. SVG, in line with its Liquidity Providers' offering, reserves the right to change the method of calculating the financing charge, the financing rates and/or the types of FX/CFDs to which the financing charge applies. For certain types of FX/CFDs, a commission is payable by Client Customer to open and close FX/CFD positions. Such commission payable will be debited from ClientCustomer’s account at the same time as SVG, through the Company selected Liquidity Provider, opens or closes the relevant FX/CFD. Changes in our the applicable swap interest rates rate and calculations shall be at our own discretion and without notice. Clients need to always check our website for the then current rates charged. Rates may change quickly due to market conditions (changes in interest rates, volatility, liquidity etc.) and due to various risk related matters that are at the firm's sole discretion.
5.5.3. Any open FX/CFD transaction held by Customer at the end of the trading day as determined by SVG, in line with its Liquidity Providers' offering or over the weekend, shall automatically be rolled over to the next business day so as to avoid an automatic close and physical settlement of the transaction. Customer acknowledges that when rolling over such transactions to the next business day, a premium may be either added or subtracted from Customer’s account with respect to such transaction. The Trading Platform calculates overnight rollover at 17:00 NYT and the rollover charge/credit is debited or credited to and from the trading account. Examples illustrating the rollover mechanism, as well as further details on the mode of calculation of the interest, are available on the “Glossary” section of the website (xxxxx://xxxxxxxxxxxxx. aaafx
Appears in 1 contract
Samples: Retail Client Agreement
Rollovers, Interest. (a) A daily financing charge may apply to each FX/CFD open position at the closing of the CompanyMidori FX Ltd ’s trading day as regard to that FX/CFD. If such financing charge is applicable, it will either be requested to be paid by Client Customer directly to the Company or it will be paid by the Company to Clientthe Customer, depending on the type of FX/CFD and the nature of the position Client Customer holds. The method of calculation of the financing charge varies according to the type of FX/CFD to which it applies. Moreover, the amount of the financing charge will vary as it is linked to current interest rates (such as LIBOR). The financing charge will be credited or debited (as appropriate) to Clientor from Customer’s account on the next trading day following the day to which it relates. In case the Client completed his/her registration process but has not has not proceeded with a deposit and/or place a transaction no fees will be charged by the Company. Information including but not limited to deposit methods, minimum/maximum initial deposit amount, deposit time, and withdrawal fees is set out in the Company’s Website as amended from time to time. Clients are obliged to pay to the Company commissions, fees, charges and other costs as described in the Trading Platform and/or on the Company’s Website xxxxx://xxx.xxxxxxxxxxx.xx when using the services of the Company .
(placing ordersb) The Company reserves the right to change the method of calculating the financing charge, the financing rates and/or the types of FX/CFDs to which the financing charge applies. For certain types of FX/CFDs, a commission is payable by Client Customer to open and close FX/CFD positions. Such commission payable will be debited from ClientCustomer’s account at the same time as the Company opens or closes the relevant FX/CFD. Changes in our swap interest rates and calculations shall be at our own the Company’s sole and absolute discretion and without notice. Clients need to always check our website for the then current rates charged. Rates may change quickly due to market conditions (changes in interest rates, volatility, liquidity etc.) and due to various risk related matters that are at the firm's Company’s sole discretion.
(c) Any open FX/CFD transaction held by Customer at the end of the trading day as determined by the Company or over the weekend, shall automatically be rolled over to the next Business Day so as to avoid an automatic close and physical settlement of the transaction. Customer acknowledges that when rolling over such transactions to the next Business Day, a premium may be either added or subtracted from Customer’s account with respect to such transaction. The MT5 platform calculates overnight rollover at 21:00 GMT and the rollover charge/credit is debited or credited to and from the trading account.
Appears in 1 contract
Samples: Client Agreement
Rollovers, Interest. 5.5.1. A daily financing charge may apply to each FX/CFD open position at the closing of the Company’s Liquidity Providers' trading day as regard regards to that FX/CFD. If such financing charge is applicable, it will either be requested to be paid by Client Customer directly to the Company Sikhula Venture Capital (PTY) Ltd or it will be paid by the Company Sikhula Venture Capital (PTY) Ltd to ClientCustomer, depending on the type of FX/CFD and the nature of the position Client Customer holds. The method of calculation of the financing charge varies according to the type of FX/CFD to which it applies. Moreover, the amount of the financing charge will vary as it is linked to current interest rates (such as LIBOR). The financing charge will be credited or debited (as appropriate) to ClientCustomer’s account on at the next trading day following the day to which it relates. In case the Client completed his/her registration process but has not has not proceeded with a deposit and/or place a transaction no fees will be charged by the Company. Information including but not limited to deposit methods, minimum/maximum initial deposit amount, deposit time, and withdrawal fees is set out in the Company’s Website as amended from time to time. Clients are obliged to pay to the Company commissions, fees, charges and other costs as described in the Trading Platform and/or on the Company’s Website xxxxx://xxx.xxxxxxxxxxx.xx when using the services end of the Company trading day. Examples for the calculation of this daily financing charge are available in our website at the “Spreads” section.
5.5.2. Sikhula Venture Capital (placing ordersPTY) The Company Ltd, in line with its Liquidity Providers' offering, reserves the right to change the method of calculating the financing charge, the financing rates and/or the types of FX/CFDs to which the financing charge applies. For certain types of FX/CFDs, a commission is payable by Client Customer to open and close FX/CFD positions. Such commission payable will be debited from ClientCustomer’s account at the same time as Sikhula Venture Capital (PTY) Ltd, through the Company selected Liquidity Provider, opens or closes the relevant FX/CFD. Changes in our the applicable swap interest rates rate and calculations shall be at our own discretion and without notice. Clients need to always check our website for the then current rates charged. Rates may change quickly due to market conditions (changes in interest rates, volatility, liquidity etc.) and due to various risk related matters that are at the firm's sole discretion.
5.5.3. Any open FX/CFD transaction held by Customer at the end of the trading day as determined by Sikhula Venture Capital (PTY) Ltd, in line with its Liquidity Providers' offering or over the weekend, shall automatically be rolled over to the next business day so as to avoid an automatic close and physical settlement of the transaction. Customer acknowledges that when rolling over such transactions to the next business day, a premium may be either added or subtracted from Customer’s account with respect to such transaction. The Trading Platform calculates overnight rollover at 17:00 NYT and the rollover charge/credit is debited or credited to and from the trading account. Examples illustrating the rollover mechanism, as well as further details on the mode of calculation of the interest, are available on the “Glossary” section of the website (xxxxx://xxxxx.xxx/global/)
Appears in 1 contract
Samples: Retail Client Agreement
Rollovers, Interest. A daily financing charge may apply to each FX/CFD open position at the closing of the Company’s trading day as regard to that FX/CFD. If such financing charge is applicable, it will either be requested to be paid by Client directly to the Company or it will be paid by the Company to Client, depending on the type of FX/CFD and the nature of the position Client holds. The method of calculation of the financing charge varies according to the type of FX/CFD to which it applies. Moreover, the amount of the financing charge will vary as it is linked to current interest rates (such as LIBOR). The financing charge will be credited or debited (as appropriate) to Client’s account on the next trading day following the day to which it relates. In case the Client completed his/her registration process but has not has not proceeded with a deposit and/or place a transaction no fees will be charged by the Company. Information including but not limited to deposit methods, minimum/maximum initial deposit amount, deposit time, and withdrawal fees is set out in the Company’s Website as amended from time to time. Clients are obliged to pay to the Company commissions, fees, charges and other costs as described in the Trading Platform and/or on the Company’s Website xxxxx://xxx.xxxxxxxxxxx.xx when using the services of the Company (placing orders) The Company reserves the right to change the method of calculating the financing charge, the financing rates and/or the types of FX/CFDs to which the financing charge applies. For certain types of FX/CFDs, a commission is payable by Client to open and close FX/CFD positions. Such commission payable will be debited from Client’s account at the same time as the Company opens or closes the relevant FX/CFD. Changes in our swap interest rates and calculations shall be at our own discretion and without notice. Clients need to always check our website their platform for the then current rates charged. Rates may change quickly due to market conditions (changes in interest rates, volatility, liquidity etc.) and due to various risk related matters that are at the firm's sole discretion. A rollover occurs when reinvesting funds from a mature security into a new issue of the same or a similar security, or moving a forex position to the following delivery date. Energy products offered to Clients, as specified on the Company’s website, have a monthly expiration. Clients that hold an open position on the ‘EVERFX Expiration’ date will be debited or credited by the price difference from the closed contract to the newly opened contract along with a 20% contract rollover fee. Clients are strongly advised to close positions before the rollover take place. Contract rollover fee: Is the charge for the rollover of the position. Depending on the Introducing Broker of each Client, the Client may incur additional costs in the form of wider spreads on all instruments and the difference or part of the difference between the retail spread and the final spread will be paid to the Introducing Broker of the Client.
Appears in 1 contract
Samples: Client Agreement
Rollovers, Interest. (a) A daily financing charge may apply to each FX/CFD open position at the closing of the CompanyFRONTIER MARKETS PTY LTD ’s trading day as regard to that FX/CFD. If such financing charge is applicable, it will either be requested to be paid by Client Customer directly to the Company or it will be paid by the Company to Clientthe Customer, depending on the type of FX/CFD and the nature of the position Client Customer holds. The method of calculation of the financing charge varies according to the type of FX/CFD to which it applies. Moreover, the amount of the financing charge will vary as it is linked to current interest rates (such as LIBOR). The financing charge will be credited or debited (as appropriate) to Clientor from Customer’s account on the next trading day following the day to which it relates. In case the Client completed his/her registration process but has not has not proceeded with a deposit and/or place a transaction no fees will be charged by the Company. Information including but not limited to deposit methods, minimum/maximum initial deposit amount, deposit time, and withdrawal fees is set out in the Company’s Website as amended from time to time. Clients are obliged to pay to the Company commissions, fees, charges and other costs as described in the Trading Platform and/or on the Company’s Website xxxxx://xxx.xxxxxxxxxxx.xx when using the services of the Company .
(placing ordersb) The Company reserves the right to change the method of calculating the financing charge, the financing rates and/or the types of FX/CFDs to which the financing charge applies. For certain types of FX/CFDs, a commission is payable by Client Customer to open and close FX/CFD positions. Such commission payable will be debited from ClientCustomer’s account at the same time as the Company opens or closes the relevant FX/CFD. Changes in our swap interest rates and calculations shall be at our own the Company’s sole and absolute discretion and without notice. Clients need to always check our website for the then current rates charged. Rates may change quickly due to market conditions (changes in interest rates, volatility, liquidity etc.) and due to various risk related matters that are at the firm's Company’s sole discretion.
(c) Any open FX/CFD transaction held by Customer at the end of the trading day as determined by the Company or over the weekend, shall automatically be rolled over to the next Business Day so as to avoid an automatic close and physical settlement of the transaction. Customer acknowledges that when rolling over such transactions to the next Business Day, a premium may be either added or subtracted from Customer’s account with respect to such transaction. The MT4 platform calculates overnight rollover in time zone GMT+2 and the rollover charge/credit is debited or credited to and from the trading account.
Appears in 1 contract
Samples: Client Agreement