We all know that the Forex market is the world’s largest financial sector in the world where individuals can easily do business by exchanging one currency from another. There is no central exchange unlike stocks and commodities as Forex transactions which are worth trillion dollars take place everyday. Various operators can participate in the forex market. Forex market for sure offers enough liquidity while speculating currencies as there are many participants, be it an importer who is paying for the products that he purchased overseas or the multinational corporation acquiring business in another country, or may be an investor paying for the assets that he purchased for the value in a currency other than his currency.
Also please keep a note that on Wednesdays triple swaps are charged for metals and currency pairs and during Fridays (for indices and energies) to cover costs incurred over the weekend. The swap rates and margin rates are tracked on a regular basis.
|Symbol||Spread||ContractSize||Long Swap||Short Swap||Stop Level|
Margin criteria for new positions opened for instruments impacted by the published news will be determined based on a maximum leverage of 1:200 from 15 minutes before and up to 5 minutes after the publication of high-level economic news.The margin for those positions will be recalculated during this time depending on the funds in your account and the chosen leverage. The margin criteria for newly opened positions will be determined from 19:00 GMT+0 on Friday through 23:00 GMT+0 on Sunday based on a cumulative leverage of 1:200.
Fixed Margin Requirements
Regardless of the leverage you use, margin criteria for certain instruments are set. These instruments are listed in the table above under the groups of instruments Exotic, Crypto, Energies, and Indices.
We exactly know how it feels when the pending order falls through a price gap therefore, we offer no slippage for virtually all the pending orders executed 3 hours after trading gets opened for an instrument. If in some case the order meets either of the criteria mentioned below then in that case it will be executed at first market quote which follows the gap:
- When your pending order is executed in unusual market circumstances, for example during a time of low liquidity or high volatility
- When your pending order falls within a gap but the difference in points between the first market quote (after the gap) and the requested order price is equal to or exceeds a certain number of points (gap level value) for a given instrument
The following guidelines apply where the levels for pending orders are set:
- SL and TP in pending orders must be set at least the same distance from the order price as the current spread
- Pending orders alongside Stop Loss and Take Profit (for pending orders) must be placed at a distance from the current market price (at least the same as the current spread or more).
- For open positions, SL and TP must be set at a distance from the current market price that is at least the same as the current spread price.
TTS Markets contract specifications states the average spreads because the spread is always floating, so please be mindful while talking about spreads. You might see two figures separated by hyphen for some instruments, in that case the first one is minimum spread and the other one is average spread. The average spread is determined by dividing the total of spreads by the number of ticks on all ticks over a given time frame.
Examples of execution of pending orders
Imagine this. You place a pending Buy Stop order for EURUSD at the price 1.30560. Then, a price gap appears. The last Ask price before the gap was 1.30550, and the first Ask price right after the gap was 1.30620. To determine the price that your Buy Stop order will be executed at, we need to find the difference in points between the first Ask price after the gap and the price you specified in your order.
(1.30620 - 1.30560) = 0.00060 = 6 points.
Now, check the table to find the Gap Level value for the instrument you are trading - in this case EURUSD. In our example, your order falls in the gap which basically means that the difference between the first market price after the gap and the order price is less than the Gap level value (6 < 8).
That's why your Buy Stop order will be executed at the price you specified in your order: 1.30560. This means that your order will be executed at a price which is 6 points more profitable than the current market price.
Imagine that you placed a pending Sell Stop order for GBPUSD at a price of 1.40280. A price gap then appears. The last Bid price before the gap was 1.40300, and the first Bid price after the gap was 1.40170. To find the price that your Sell Stop order will be executed at you need to check the difference in points between the first Bid price after the gap and the price you specified in your order:
(1.40170 — 1.40280) = 0.00110 = 11 points.
Now check the table and compare this difference with the Gap Level value for the given instrument. In the example above, the first market price differs from the order price by an amount greater than the value of the Gap level (11>10). So, this Sell Stop order will be executed at the first market price after the gap, namely 1.40170.