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Internet
Currency Trading System ("ICTS")
User Manual -
Mini Forex
Trading Specifications and Hours
Margin Requirement:
$50 per lot
Overnight Interest: Generally $0.50 per day per lot
charged on positions held past 5PM EST. These amounts are
indicated in the "Currency Reference Rates" window as
dollars per lot. Equity indices have no Overnight Interest
charge.
Minimum Initial Deposit: $500 to open an account
Margin Call Procedure: When a client has less than
$50 of equity per open lot, some or all of the clients open positions
will be automatically closed. Clients are encouraged to avoid
margin calls through the use of stops and/or adequately funded accounts.
Trading Hours and Tick Values: Please see table below:
| |
Product |
|
Approximate
Value of 1 Lot |
|
Approximate
Tick Value per Lot |
|
Trading
Hours
(EST / New York time)
|
| |
EUR/USD |
|
EUR
10,000 |
|
0.0001
= $1.00 |
|
24
hours |
| |
USD/JPY |
|
USD
10,000 |
|
0.01
= $0.80 |
|
24
hours |
| |
GBP/USD |
|
GBP
10,000 |
|
0.0001
= $1.00 |
|
24
hours |
| |
USD/CHF |
|
USD
10,000 |
|
0.0001
= $0.70 |
|
24
hours |
| |
USD/CAD |
|
USD
10,000 |
|
0.0001
= $0.60 |
|
24
hours |
| |
AUD/USD |
|
USD
10,000 |
|
0.0001
= $1.00 |
|
24
hours |
| |
NZD/USD |
|
NZD
10,000 |
|
0.0001
= $1.00 |
|
24
hours |
| |
EUR/JPY |
|
EUR
10,000 |
|
0.01
= $0.80 |
|
24
hours |
| |
EUR/GBP |
|
EUR
10,000 |
|
0.01
= $1.60 |
|
24
hours |
| |
EUR/CHF |
|
EUR
10,000 |
|
0.01
= $0.70 |
|
24
hours |
| |
EUR/CAD |
|
EUR
10,000 |
|
0.01
= $0.70 |
|
24
hours |
| |
GBP/JPY |
|
GBP
10,000 |
|
0.01
= $0.80 |
|
24
hours |
| |
GBP/CHF |
|
GBP
10,000 |
|
0.01
= $0.70 |
|
24
hours |
| |
CHF/JPY |
|
CHF
10,000 |
|
0.01
= $0.80 |
|
24
hours |
| |
AUD/JPY |
|
AUD
10,000 |
|
0.01
= $0.80 |
|
24
hours |
| |
USD/ZAR |
|
USD
10,000 |
|
0.01
= $1.10 |
|
24
hours |
| |
USD/NOK |
|
USD
10,000 |
|
0.001
= $1.45 |
|
24
hours |
| |
EUR/NOK |
|
EUR
10,000 |
|
0.001
= $1.45 |
|
24
hours |
| |
USD/MXN |
|
USD
10,000 |
|
0.001
= $1.00 |
|
24
hours |
| |
S&P
500 |
|
USD
5,200 |
|
.10
= $0.50 |
|
24
hours |
| |
Nasdaq
100 |
|
USD
3,000 |
|
.10
= $0.20 |
|
24
hours |
| |
Dow
Jones Industrials |
|
USD
10,000 |
|
1
= $1.00 |
|
24
hours
(closed 5:00PM - 8:15PM) |
| |
Nikkei
225 |
|
USD
9,000 |
|
1
= $1.00 |
|
6:55PM
- 9:15PM
10:15PM - 1:25AM
2:30AM - 6:00AM |
| |
DAX
30 |
|
USD
12,000 |
|
1
= $5.00 |
|
3:00AM
- 2:00PM |
| |
SPI
200 |
|
USD
6,000 |
|
1.0
= $2.00 |
|
7:50PM
- 2:30AM
3:10AM - 5:00PM |
| |
MSCI
Taiwan Index |
|
USD
10,000 |
|
0.01
= $0.50 |
|
8:45PM
- 1:45AM
4:00AM - 7:00AM |
| |
Hang
Seng |
|
USD
9,500 |
|
1.0
= $1.00 |
|
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