Product

Forex

 

Product Features

  • Forex is considered to be the most active and most mobile financial product in the world. The volume of global foreign exchange transactions is estimated to exceed $4 trillion per day.

    Spot forex trading is a product that is traded through a financial institution and is different from trading through an exchange because there is no place for actual goods exchange and no central exchange. Forex trading takes place in major financial centers around the world such as London, New York and Tokyo.

    There is no limit to the trading hours of foreign exchange when the market operates every Friday, and the exchange rate between major currencies is constantly updated. Such high liquidity and frequent fluctuations in prices have caused foreign exchange investment to attract a large number of experienced investors.

  • 1: High liquidity - Daily trading volume of more than four trillion US dollars in the foreign exchange market and the participation of millions of investors, so there is always the opportunity to enter and exit the market at a fairly transparent price.

    2: 24-hour trading - As the Earth turns around the market and trading hours continue, from the opening of the Sydney market on Monday morning to the closing of the US market on Friday night, a 24-hour continuous market is created. One of the biggest advantages of trading Forex is the opportunity to trade 24 hours a day. This allows traders to respond to and gain the advantage of profit from market changes.

    3: Predictable market - The foreign exchange market often follows the trend of repeated fluctuations. The money market shows a certain regularity, creating a price trend that allows market participants to follow. These price trends increase the chances of making a profit on the trade.

    4: Profits come from all market changes - Because the foreign exchange market is constantly changing, there is always a chance to trade, to choose a currency to depreciate or appreciate against another currency. Therefore, investors can profit from multiple positions or short positions.

 

Transaction Hour

  • Standard Time
    (Please click on the link below to get our trading hours.)

      click here

    * Our trading hours may be subject to change due to market holidays and US summer time adjustments. Please refer to our notice or contact our customer service team for the latest information.

    The deadline for calculating the cost of financial products and the associated data is: 20:00 GMT per day for daylight saving time in the United States and 21:00 GMT per day for the US winter time. All contracts that operate before this deadline will be displayed in the current day's data. The contract that operates after this deadline is displayed on the next trading day. Please note: The closing time of our products is not affected by this.

 

Trading rules

  • There is no price limit for foreign exchange trading.

  • Gains and losses in quote currency (floating and realizing profit/loss are converted to US dollars):
    (1) USD/JPY (USDJPY), USD/CHF (USDCHF), USD/CAD (USDCAD)
    (selling price - purchase price) * contract face value * contract shares = profit and loss in dollar terms


    US dollar-denominated gains and losses:
    (2) EUR/USD (EURUSD), GBP/USD (GBPUSD), AUD/USD (AUDUSD)
    (selling price - purchase price) * contract face value * contract shares = profit and loss in dollar terms

  • Interest calculation: (1) USD/JPY (USDJPY), USD/CHF (USDCHF), USD/CAD (USDCAD)
    {[(Opening price * contract face value * contract share * interest rate)] / 360} * days = interest denominated in US dollars

    Interest calculation:
    (2) EUR/USD (EURUSD), GBP/USD (GBPUSD), AUD/USD (AUDUSD)
    [(Opening price * contract face value * contract share * interest rate) / 360] * days = interest denominated in US dollars

    Fund custodian fee:
    Custody fee rate* Custody days* Contract shares = fund custody fee

    *The above terms will be adjusted according to market conditions.
    *The above calculation process does not include commission fees.

 

Transaction instance

  • A USD/JPY contract has a face value of $100,000 and a quoted spread of 3 points (1 point equals 0.01 fluctuations and a minimum price volatility of 0.01) and a margin requirement of $1,000 per contract.

    The client believes that the value of the dollar is overvalued and that the yen will weaken in the future. In response to this situation, the client intends to sell the USD/JPY contract.

    USD/JPY quoted at 105.30/32, the customer sold 5 lots at 105.30, which required a deposit of 5,000 USD, and the client required a minimum deposit of USD 1,000 per trade.

    The dollar did weak against the yen, and the price therefore fell to 104.27/29. For these information customers responded by closing the position, so they bought 5 lots at 104.29. The customer earns 1.01, or 101 points (105.30-104.29) in the transaction.

    If you sell at 105.30 and buy it at 104.29, then the 1.001 profit in US dollars is: (105.30-104.29)* 100,000/ 104.29= $958.86 (per contract). Therefore, the total profit is $4794.32 ($958.86* 5 contracts).

    5 USD/JPY Selling price 105.30-Buy price 104.29 +100.1 points
    ((105.30-104.29)*100000) /104.29 +$968.45 per contract
    $968.45*5 (number of contracts) $4842.25 gross profit
    *The above calculation does not include commission fee

    If the customer does not close the position within the day and continues to hold the position until the next trading day, we will implement an overnight interest adjustment.

  • Buy GBP/USD contract (GBP/USD)

    A GBP/USD contract has a face value of £100,000 and a spread of 3 points (1 point equals 0.0001 fluctuations with a minimum price volatility of 0.0001) and a margin requirement of $1,000 per contract.

    The customer believes that the value of the pound is undervalued and will appreciate in the future for the dollar. In response to this situation, the customer decided to buy a GBP/USD contract.

    The GBP/USD quote is 1.5042/44. Customers buy 3 lots at 1.5044, which requires a total of $3,000 in deposits, and customers need a minimum of $1,000 in deposits per transaction.

    The GBP/USD price fell to 1.5000/02. The customer chooses the stop price to deal with this information, so sells 3 lots at 1.5000. So he lost 0.0044 or 44 points (1.5044-1.5000) per hand in the trade.

    If you buy at 1.5044 and sell it at 1.5000, then the loss of 0.0044 in US dollars is: (1.5044-1.5000)*100,000=-$440 (per contract). As a result, the total loss was $1,320 ($440*3 contracts).


    3 lots GBP/USD Selling price 1.5044 - Buying price 1.5000 -0.0044
    (1.5044-1.5000)*100000 = -$440 -$455 per contract
    -$440*3 (number of contracts) = -$1.320 $1.320 gross loss
    *The above calculation does not include commission fee

    If the customer does not close the position within the day and continues to hold the position until the next trading day, we will implement an overnight interest adjustment.