Swaps are charged at the end of each trading day at 24:00 GMT+2; A 3-days Swap is charged on Wednesday at 24:00 GMT+2.
Time zone of transaction (GMT+2), all times are set to for all transactions (GMT+2).
The Swap value is according to the symbol's base currency – and is per day per lot at 24:00 GMT+2. Swaps may be charged either in the form of a percentage of the overall value of the trade or as fixed amounts. More information on Swaps can be found on the Company’s website.
When trading Futures, please note that if you have any open positions by the expiration date, they will be automatically closed at the last received (closing) price. Currently no rollover is available.
Swap calculation: Volume invested x Swap (Short or Long) x day’s trade is open overnight x instrument risk level = Paid/Received Swap (Check website for more information). Our Swaps are anything from 0 to 100 EUR / GBP / USD per 1 Lot for all CFDs that we offer on all instruments. It is based on the internal risk specifics of every instrument.
Commission calculation: Volume/Lot invested x Commission x Internal instrument risk level/value = Paid/Received commission (Check website for more information). Our Commissions are anything from 0 to 100 EUR / GBP / USD per 1 Lot. It is based on the internal risk specifics of every instrument.
Margin call/loss cut: Margin level 50% or lower = Margin call / Deposit margin level 20% or lower = Loss cut
Trading method: OTC (Over the Counter) method, direct dealings, market execution.
Ordering method: Market Order, Limit Order, Stop Order, OCO (One Cancel the Other) Order, IF-DONE Order, IF-DONE OCO Order.
Instant Execution (Fill or Kill) is applicable only for instruments with fixed spreads. We guarantee the price, but not execution. That means, if the price has changed, your order won't be executed at a different price and you will get a requote.
Market Execution (Click & Deal) is applicable for all instruments that have a floating spread. This type guarantees you immediate execution of your order but the price could change during the process of opening your position. If the price has changed, you won't get any requotes and your order will be filled immediately at the new price.
Spread: Variable method (Depending on the overall price movement of the instrument).
Size of Order: The actual minimum size of an order may be different for each type of Client Account. A lot is a unit measuring the transaction amount and it is different for each type of CFD. Please refer to the Company’s website for the value of minimum size of an order and each lot for a given CFD type. If the Client wished to execute a large size order, in some cases the price may become less favourable. The Company reserves the right to decline an Order in case the size of the Order is large and cannot be filled by the Company or for any other reason as explained in the Client Agreement found at the website of the Company.
Platform: Web Trader and Meta Trader 4 (Depending on the account type the relevant platform availability the platform type varies and changes).
Leverage method: Variable method (Depending on the instrument) and account risk level settings and the account type.
Transaction account type: Standard Trading Account, Professional Trading Account, MT4 Terminal Account, ECN Account, Broker Standard Account, Broker Professional Account, PAMM / Copy Trader Account.
Regular account statements can be sent to a client as long as requested via an official email to our support team or relevant account manager for that client. Account statements will not be sent on a regular basis, nor daily, weekly, monthly or yearly. This is up to the relevant client to request.
Loss cut/Stop Out: To prevent further losses at levels below the margin call settings (up to 50% or 120%) with a margin level of less than 20% or at 100% depending on the account type, we impose an automatic settlement through offsetting trades for the positions.
At moments orders/trades on asset named correctioneur, correctiongbp, correctionusd or stlmnteur, stlmntgbp or stlmntusd may be used for risk purposes and executed on some client’s accounts for investigation or financial purposes, regarding account types. copy trade, PAM, Standard or Professional accounts (Brokers or Traders).
Account currency types: EUR (Euros) / GBP (Pounds)
Tradable amount calculation method: Total amount of deposit margin x Leverage ÷ Exchange rate = Amount available for trade.
About margin level ratio: Margin level (%) = To hold the position ÷ Required deposit margin x 100.
A margin call is a warning that there is a high possibility that the customer will not be able to continue to maintain the position. When a margin call has taken place, we recommend that customers take countermeasures such as increasing their deposited funds or settling one or more positions.
Restrictions: Metadoro has laid down rules and conditions in order to ensure fair trading conditions. If an action falls under one of the following conditions, revocation of the applicable transaction, certain transaction restrictions, refunds, freezing of the trading account and Client Manager, forced termination or other actions may be implemented at our discretion. Metadoro is working to improve trade quality and infrastructure to provide the best trading conditions. In order to achieve this, actions that may cause inconvenience to other customers are prohibited, as stated herein.
Slippage: You are warned that Slippage may occur when trading in CFDs. This is the situation when at the time that an Order is presented for execution, the specific price showed to the Client may not be available; therefore the Order will be executed close to or a number of pips away from the Client’s requested price. So, Slippage is the difference between the expected price of an Order, and the price the Order is actually executed at. If the execution price is better than the price requested by the Client, this is referred to as positive slippage. If the executed price is worse than the price requested by the Client, this is referred to as negative slippage. Please be advised that Slippage is a normal element when trading in CFDs. Slippage more often occurs during periods of illiquidity or higher volatility (for example due to news announcements, economic events and market openings and other factors) making an Order at a specific price impossible to execute. In other words, your Orders may not be executed at declared prices.
Leverage risk: While trading leveraged products such as CFDs provide an opportunity to earn large profits, they also involve substantial risk of loss and may not be suitable for all investors. Through trading leveraged products, investors may incur losses that far exceed the fund amount deposited. While we take protective measures, such as lowing leverage values temporarily, to protect customers' deposits from drastic market fluctuations, utilizing higher the leverage value means that there is a higher the risk of loss of deposited funds, even from small fluctuations in the market prices.
The value of your investments can go down as well as up. Losses can exceed deposits on margin products. Complex products, including all types of investment assets and instruments, come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how all types of investment assets or any of our other products work and whether you can afford to take the high risk of losing your money or making money.
Leverage and Margin Requirements
|1:100||CADCHF, CADJPY, CHFJPY, EURCAD, EURCHF, EURGBP, EURJPY, EURUSD, GBPCAD, GBPCHF, GBPJPY, GBPUSD, USDCAD, USDCHF, USDJPY|
|1:100||AUDCAD, AUDCHF, AUDNZD, AUDSGD, CHFSGD, EURDKK, EURNOK, EURNZD, EURSEK, EURSGD, GBPNZD, NZDCAD, NZDCHF, NZDSGD, SGDJPY, USDDKK, USDHKD, USDNOK, USDSEK, AUDJPY, AUDUSD, EURAUD, GBPAUD, NZDJPY, NZDUSD, CHFNOK, CHFPLN, EURHKD, EURPLN, GBPDKK, GBPHUF, GBPNOK, GBPPLN, GBPSEK, GBPSGD, HKDJPY, USDCNH, USDHUF, USDMXN, USDPLN, USDSGD, USDZAR|
|1:10||CFD US Shares|
|1:10||CFD European Stock Market Shares|
|1:10||CFD Asian Stock Market Shares|
|1:10||CFD Central & Latin America Stock Market Shares|
|UK Brent (Spot)||Brent||USD||Spot Commodity||1:25|
|US Crude (Spot)||Crude||USD||Spot Commodity||1:25|
|US Natural Gas (Spot)||NatGas||USD||Spot Commodity||1:25|
|R.B.O.B Gasoline (Spot)||Gasoline||USD||Spot Commodity||1:25|
|Cocoa (Spot)||USD||Spot Commodity||1:25|
|Coffee (Spot)||USD||Spot Commodity||1:25|
|Copper (Spot)||USD||Spot Commodity||1:25|
|Corn (Spot)||USD||Spot Commodity||1:25|
|Cotton (Spot)||USD||Spot Commodity||1:25|
|Palladium (Spot)||USD||Spot Commodity||1:25|
|Platinum (Spot)||USD||Spot Commodity||1:25|
|Soybeans (Spot)||USD||Spot Commodity||1:25|
|Sugar (Spot)||USD||Spot Commodity||1:25|
|Wheat (Spot)||USD||Spot Commodity||1:25|
|AEX Index Future||AEX||EUR||Spot Index||1:25|
|CAC 40 Index Future||CAC||EUR||Spot Index||1:25|
|DAX 30 Index Future||DAX||EUR||Spot Index||1:25|
|DOW Index Future (Mini)||DOW||USD||Spot Index||1:25|
|FTSE 100 Index Future||FTSE||GBP||Spot Index||1:25|
|Nikkei 225 Index Future||NK||USD||Spot Index||1:25|
|NASDAQ100 Index Future||NSDQ||USD||Spot Index||1:25|
|S&P 500 (E-Mini)||SP||USD||Spot Index||1:25|
|DJ Euro Stoxx Index Future||DJEXX||EUR||Spot Index||1:25|
|Hang Seng Index Future||HSI||CNY||Spot Index||1:25|
|IBEX 35||IBEX||EUR||Spot Index||1:25|
|China H-Shares Future||HHI||CNY||Spot Index||1:25|
*You can find more information in regards to the Leverage and Margin requirements of Professional Clients here.
Margin requirements for each instrument group
For Standard/ECN/MT5 Accounts
Assuming you open one position (buy 1 lot) on a USD denominated account:
- Forex (e.g. EURUSD)
- Notional Value = Volume * Contract Size = 1 * 100,000 = 100,000 EUR
- Required Margin = Notional Value / Leverage = 100,000 / 30 = 3,333.33 EUR
- Metals (e.g. XAUUSD)
- Notional Value = Volume * Contract Size * Open Price = 1 * 100 * 1,265.00 = 126,500 USD
- Required Margin = Notional Value / Leverage = 126,500 / 20 = 6,325 USD
- Indices (e.g. UK100)
- Notional Value = Volume * Contract Size * Open Price = 1 * 10 * 7,480.0 = 74,800 GBP
- Required Margin = Notional Value / Leverage = 74,800 / 5 = 14,960 GBP * 1.32281 (GBPUSD rate) = 19,789.24 USD
- Commodities / Energy (e.g. Crude)
- Notional Value = Volume * Contract Size * Open Price = 1 * 1,000 * 72.00 = 72,000 USD
- Required Margin = Notional Value / Leverage = 72,000 / 10 = 7,200 USD
- Shares (e.g. #AAPL)
- Notional Value = Volume * Contract Size * Open Price = 1 * 100 * 185.00 = 18,500 USD
- Required Margin = Notional Value / Leverage = 18,500 / 5 = 3,700 USD