Forex Contract Specifications
|Contract Size||100,000||1 standard Lot Contract Size on Fullerton Markets is equivalent to 100,000 units of base currency. E.g. 1 standard lot of EUR/USD is €100,000.|
|Minimum Lot||0.01||The minimum lot size on Fullerton Markets is 0.01 which is equivalent to 1,000 units of base currency.|
|Incremental Steps||0.01||The minimum incremental lot size on Fullerton Markets is 0.01 which is equivalent to 1,000 units of base currency.|
|Maximum Lot||100||The maximum lot size on Fullerton Markets is 100 which is equivalent to 10,000,000 units of base currency.|
Eastern Daylight Saving Time (EDT)
Opening: Monday 00:00
Closing: Friday 24:00
|Charts||Fullerton Markets follows New York market close (5 Daily candles a Week).|
Leverage varies on the account type and agreement with Fullerton Markets. Please speak to our customer service officers for more details.
Margin = (Lot Size * Contract Size * Opening Price) / Leverage
e.g. If your leverage is 1:100 and you trade 1 lot Short on EUR/USD.
|Side||Symbol||Lot||Contract Size||Market Price||Leverage||Margin|
Margin Used (When Hedged)
Total Margin used will be 0% of each trade.
e.g. If your leverage is 1:100 and you trade 1 lot Long on EUR/USD and 1 lot Short on EUR/USD.
|Side||Symbol||Lot||Contract Size||Opening Price||Leverage||Margin||Hedge Margin|
Margin Call: (Equity)/(Margin Used) < (“Margin Call Percentage”)
Margin call happens when the total Equity is less than the “Margin Call Percentage” of the total margin used. To prevent the account from being stopped out, traders are advised to top up their account or to close out some positions to reduce margin used, and to avoid the possibility of being stopped out. The “Margin Call Percentage” varies on the account type and agreement with Fullerton Markets. Please speak to our customer service officers for more details.
Stop Out: (Equity)/(Margin Used) < (“Stop Out Percentage”)
Stop Out happens when the total Equity is less than the “Stop Out Percentage” of the total margin used. When Stop Out level is reached, existing positions may be automatically closed out by the Metatrader4 server.
The “Stop Out Percentage” varies on the account type and agreement with Fullerton Markets. Please speak to our customer service officers for more details.
Swaps = (lots * [Swap in points] * Point Size)
Fullerton Markets Swap Rates are competitive Bank Swap rates offered by our extensive liquidity partners. The swaps on Metatrader4 are calculated based on points.
3 Times Swap: Wednesday
Most Forex contracts are deliverable on T+2 (Trading day +2), to accommodate for Saturday and Sunday. The bank charges 3 times the normal swap rate on Wednesdays.
Fullerton Markets offers the best liquidity with the lowest latency connection to our extensive Tier One liquidity partners. All trades at Fullerton Markets are executed directly with the market without requotes.
Fullerton Markets employs “Straight Through Processing” (STP), passing on customers’ trades directly to our Tier One Liquidity Providers.
Fullerton Markets aims to provide clients with the best trading execution available, and to fill all orders at the requested rate. However, there are times when orders may be subjected to slippage due to an increase in volume and/or volatility. Slippage most commonly occurs during fundamental news events or periods of limited liquidity. During such periods, your order type and quantity requested can have an impact on the overall execution you receive.