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Forex Trading Conditions

• Introduction
• Prices And Charts
• Trading Rates
• Trading Conditions
• Forex Options
• Swap Rates
• Learn About Forex
• FAQ

Target Bid/Ask Spreads

Our target bid/ask spreads listed are our best possible target spreads used in normal market conditions. In quiet market conditions, the spread may be even narrower but in periods of volatile markets, the spread may be increased and auto-execution disabled.

Margin Requirements

Forex is traded on margin, enabling you to leverage a small margin deposit for a much greater market effect where:

• First EUR 50K margin rates apply to the first EUR 50,000 (or equivalent) of your investment collateral
• Normal margin rates apply to all investment collateral over EUR 50,000 (or equivalent)

For certain categories of clients the margin can vary. The margins applicable to your account will be displayed in your StockHit World.

Auto-executed Trades

Major currency trades can be auto-executed for amounts below the auto-execution limit. Auto-executed trades are automatically accepted. For trade sizes over the auto-execute limit and in volatile market conditions, the trade must first be approved by a dealer. This process normally takes just a few seconds.

Note: These are typical auto-execute limits that can change over the day, depending on market conditions and available liquidity.

Ticket Fees

For Forex trades below the Ticket Fee Threshold listed, a small ticket fee of USD 10 is added to the trade to cover administration costs.

Stop Orders

For all "no-slip" stop orders on Majors there is a minimum distance to current market. This means that stop and trailing stop orders for the below currency pairs must be placed with a minimum distance to market as indicated in the table below:

Cross	Min Distance and Max Gap (pips)
AUDUSD	15
EURJPY	20
EURUSD	20
EURCHF	20
EURGBP	15
GBPCHF	25
GBPJPY	50
GBPUSD	25
NZDUSD	20
USDCAD	20
USDCHF	20
USDJPY	20

Orders will automatically be rejected if they are not placed at a greater distance from market prices than shown above. This applies to both "no-slip" stop orders and trailing stop orders.

What is a "no-slip" stop order?

For the Majors, Romcapital will attempt to fill stop orders at the price level set by the investor for amounts up to 3 million in the base currency, except if the pair gaps more than the max-gap value defined for the specific cross. The max-gap values for each cross are the same as the minimum distance values defined in the table above.

Margin Calls

You must maintain the margins listed in your account at all times. If the funds in your account fall below this margin, you will be subject to a margin call to either deposit more funds to cover your positions or close positions – normally you will be notified through our trading platform and via email. If your margin situation is not remedied, we may close positions on your behalf.

Forex Trading Hours

Your SSIF Romcapital S.A. trading account is open for Forex trading from Monday 05:00 Sydney local time to Friday 17:00 New York local time.

Positions held until their Value Date

Spot Forex positions held at the end of the business day before their Value Date will be rolled over to a new Value Date on a Tom/Next basis. As part of the rollover, positions are subject to a swap charge or credit based on the LIBOR/LIBID interest rates of the two traded currencies with an added markup of +/- 0.25% (for retail accounts) plus an interest component of LIBOR/LIBID +/- 0.75% for any unrealized profit/loss on the position.