Futures Rates & Conditions

From 1st September 2011, Coactorii Finance will offer trading in one of the world's most important volatility references – the VIX Index. The VIX Index is traded on the Chicago Board Options Exchange (CBOE) and is based on the implied volatility of S&P 500 Index Options, and reflects the consensus view of the expected 30-day stock market volatility.

US Residents
Please note that due to regulatory restrictions only Forex Spot, Forex OTC Options, Saxo Bank Managed FX Funds, Spot Gold and Silver can currently be offered to US residents.

Commissions for online traded contracts
These commissions are for each contract and for each trade (buy or sell) through SaxoTrader and exclude exchange fees which are listed under the Contract Specifications.

Contract Trade Volume: Contracts/Month
Currency 0 - 250 251 - 1.000 1.001 - 5.000 5.001 - 10.000 10.001 - 50.000 50.000
AUD AUD 10.00 AUD 5.00 AUD 2.50 AUD 1.42 AUD 0.83 AUD 0.50
EUR EUR 6.00 EUR 3.00 EUR 1.50 EUR 0.85 EUR 0.50 EUR 0.30
GBP GBP 5.00 GBP 2.50 GBP 1.25 GBP 0.71 GBP 0.42 GBP 0.25
SGD SGD 15.00 SGD 7.50 SGD 3.75 SGD 2.25 SGD 1.50 SGD 1.00
USD USD 6.00 USD 3.00 USD 1.50 USD 0.85 USD 0.50 USD 0.30
CHF CHF 8.00 CHF 4.00 CHF 2.00 CHF 1.13 CHF 0.67 CHF 0.40
JPY JPY 1000.00 JPY 800.00 JPY 750.00 JPY 650.00 JPY 550.00 JPY 500.00
SEK SEK 75 SEK 40 SEK 20 SEK 10 SEK 5 SEK 3
CAD CAD 6.00 CAD 3.00 CAD 1.50 CAD 0.85 CAD 0.50 CAD 0.30
HKD (Full-sized contracts) HKD 45 HKD 30 HKD 20 HKD 15 HKD 10 HKD 8
HKD (Mini contracts) HKD 30 HKD 25 HKD 20 HKD 15 HKD 10 HKD 8
BRL (Full-sized contracts) BRL 20 BRL 15 BRL 10 Negotiable Negotiable Negotiable
BRL (Mini contracts) BRL 15 BRL 10 BRL 7.5 Negotiable Negotiable Negotiable
NZD NZD 15 NZD 7.5 NZD 4.0 NZD 2.5 NZD 1.5 NZD 0.75

These commissions are for each contract and for each trade (buy or sell) through SaxoTrader and exclude exchange fees which are listed under the contract specifications. The minimum commission per trade is USD 10, EUR 10, GBP 8, CHF 11, AUD 12.5, CAD 10, JPY 1200, SEK 100 or SGD 20.

Commissions for offline-traded contracts
For contract futures not traded directly online, a commission fee of USD 15 per contract per trade is charged which includes exchange fees.

Support for Stop and Stop Limit orders
Stop and stop-limit orders are subject to support by the exchange on which the contract is traded. The order types available are noted in the popup details for each contract.

Initial Margin
The initial margins listed below are the collateral per contract that you must have in your account to open a position.

Maintenance Margin
Futures contracts are traded on margin, enabling you to leverage a small margin deposit for a much greater market effect.

You must maintain the maintenance margins listed per contract in your account at all times. If the funds on your account fall below this margin, you will be subject to a margin call to either deposit more funds to cover your positions or close positions - normally you will be notified through our trading platform and via email. If your margin situation is not remedied, we may close positions on your behalf.

Partial Fills
Partial fills may occur on limit orders and the remaining amount will stay on the market as a limit order and may be filled within the order duration.

Market orders can be filled at numerous levels, the price paid will be the volume weighted average price of all the fills.

Expiry of Futures Contracts
Please note that Coactorii Finance does not support physical delivery of the underlying security upon expiry of a futures contract. We therefore advise you to be aware of the expiry and first notice dates of any futures contracts you invest in and ensure that you close your position before this date. If you do not close a futures position before its expiry or first notice date, the platform will automatically close your position for you at the first available opportunity at the prevailing market rate. Any resulting costs, gains or losses will be passed on to you.

If you require any assistance or clarification regarding the expiry of futures contracts, please contact Coactorii Finance.

Profit/Loss Conversions
Currency conversions of trading costs as well as profits and losses from trading activities are done using the prevailing close rate as of 17:00 New York Time, plus/minus 0.5%.