Forex pairs

Explanation of Terms: *from table headings

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FX

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Trading Conditions:

Spread

  • All Spreads are Over Market.
  • FX Standard Spreads are as stated under Normal Market Conditions.
  • FX Pairs may not be tradable shortly before and after End-of-Day (22:00 GMT or 21:00 GMT during US DST) – due to liquidity constraints during the Interbank settlement period
  • Gold & Silver spreads may be wider than stated from approx 22:00 – 02:00 GMT.
  • Crude & Brent Oil spreads may be wider than stated from approx 22:00 – 05:00 GMT.
  • Crude Oil & Natural Gas spreads may be wider during Weekly Inventories.
  • PIP FX Pairs = 0.0001; 1 PIP JPY FX Pairs = 0.01.

Overnight Interest Rates:

  • All Overnight Interest Rates are indicative and subject to change.
  • MT4/MT5 FX, Gold & Silver Positions: Saturday/Sunday Overnight Interest will be Debited/Credited on the Wednesday before.
  • MT4/MT5 Non-FX (excl. Gold & Silver) Positions: Saturday/Sunday Overnight Interest will be Debited/Credited on the Friday before.
  • MT4/MT5 USDTRY Positions: Saturday/Sunday Overnight Interest will be debited/credited on the Thursday before.

Margin:

  • Margin requirements can increase based on position size.
  • Margin requirements are dependent on the asset the trader wishes to trade and vary given the base currency of your account.
  • All margin requirements and rates are subject to change at any time and without any warning
  • It is the client's obligation to monitor their margin requirements and ensure that they have sufficient funds to maintain their positions
  • These margin requirements and rates are established by the Canadian Investment Regulatory Organization (CIRO). These requirements and rates are periodically updated by CIRO and are subject to change at any time without notice and in line with market conditions.
  • Clients should always endeavour to maintain sufficient excess funds in their account to avoid having positions liquidated due to sudden margin rate increases

Maximum Trades/Orders:

  • MetaTrader Minimum Nominal Trade Size = 0.01
  • Trading Hours may change due to Daylight Savings Time.

Max Positions Limits

  • Palladium = $400K Max*

* Maximum Position Limits may be reduced during periods of volatility.

All trading instruments offered by Friedberg Direct powered by AvaTrade technology are CFD contracts and not actual cash commodities, stocks, bonds or indices.

Friedberg Direct reserves the right to cancel any excess trades or exposures that exceed the outlined threshold limits, all cancelled trades will be closed at their opening rates.
Friedberg Direct reserves the right to modify its threshold limits, affected clients will be notified in advance and may be required to reduce their exposure.

Your access to and use of the website and/or platform constitutes your acceptance of these Trading Conditions and any other legal notices and statements contained on same. Friedberg Direct may modify these Trading Conditions at any time and without prior notice. Your continued access to and use of the website and/or platform constitutes your acceptance of these Trading Conditions as modified.