Spread
The difference between the bid and the offer, quoted in pips or points. It tightens as you move up the account types competitive on Core, low on Prime, ultra low on Elite — and on the most liquid pairs it can approach zero.
Trading conditions
Everything that determines what a trade costs you and how it gets filled. If a number matters to your strategy and it is not on this page, ask us and we will publish it.
The three charges that exist
There is no fourth. No platform fee, no data fee, no withdrawal fee on your first request each month.
Commission
A flat charge per standard lot, debited at the moment of execution and itemised separately in your statement. Core pays $5 per lot and Prime $3 per lot; Elite and Islamic accounts pay none.
Swap
Overnight financing applied at 21:00 GMT to positions held past rollover. It can be a credit or a debit depending on direction and the interest rate differential. Triple swap applies on Wednesdays.
Typical spreads by instrument
Measured across a full trading month during the London and New York sessions. Spreads widen outside these hours, around the daily rollover, and in the seconds surrounding high impact data.
| Instrument | Core | Prime | Elite | Unit |
|---|---|---|---|---|
| EURUSD | 1.2 | 0.2 | 0.0 | pips |
| GBPUSD | 1.5 | 0.4 | 0.2 | pips |
| USDJPY | 1.3 | 0.3 | 0.1 | pips |
| AUDUSD | 1.4 | 0.4 | 0.2 | pips |
| USDCAD | 1.7 | 0.6 | 0.4 | pips |
| GBPJPY | 2.4 | 1.1 | 0.8 | pips |
| XAUUSD | 28 | 14 | 12 | cents |
| XAGUSD | 2.8 | 1.6 | 1.4 | cents |
| USOIL | 5.0 | 3.0 | 2.5 | cents |
| US500 | 0.7 | 0.4 | 0.3 | points |
| NAS100 | 2.0 | 1.2 | 1.0 | points |
| GER40 | 1.8 | 1.2 | 0.9 | points |
How your order is handled
Market execution
Orders are filled at the best price available in our aggregated pool at the moment they arrive. There are no requotes: if the price has moved, you are filled at the new price rather than being asked to confirm again.
Symmetrical slippage
If the market moves against you between order and fill, you get the worse price. If it moves in your favour, you get the better one. Positive slippage is passed through, not retained.
Stop and limit orders
Stop orders become market orders when triggered and are filled at the next available price, which in a gap may be materially different from your stop level. Limit orders fill only at your price or better.
Partial fills
Large orders may be filled across several price levels where a single level lacks depth. Your statement shows the volume-weighted average price and each component fill.
Margin, margin call and stop-out
Margin is the equity required to hold a position open. It is not a fee it is your own money, set aside while the trade is live.
Required margin
Position notional divided by leverage. A 1 lot EUR/USD position at 1.0864 has a notional of $108,640; at 1:500 leverage the required margin is $217.28.
Margin call
Triggered when equity falls to 80% of used margin on Core and Prime accounts (60% on Elite and Islamic). You are notified and should add funds or reduce exposure.
Stop-out
At 30% margin level on Core and Prime (20% on Elite and Islamic), positions are closed automatically starting with the largest loss, until the margin level recovers.
Trading hours by asset class
All times GMT. Hours shift by one hour during daylight saving transitions in the US and Europe.
| Asset class | Opens | Closes | Daily break |
|---|---|---|---|
| Forex | Sunday 21:00 | Friday 21:00 | None |
| Metals | Sunday 23:00 | Friday 21:00 | 21:00–23:00 |
| Energy | Sunday 23:00 | Friday 21:00 | 21:00–23:00 |
| US indices | Sunday 23:00 | Friday 21:00 | 21:00–23:00 |
| European indices | Monday 07:00 | Friday 20:00 | Overnight |
| Asian indices | Monday 00:00 | Friday 19:00 | Varies by index |
| US share CFDs | Monday 14:30 | Friday 21:00 | Overnight |
| UK & EU share CFDs | Monday 08:00 | Friday 16:30 | Overnight |
Holiday schedules are published in the client portal and in the MetaTrader terminal news feed.