Trading Conditions

Majors Retail Spread

Target Spread in Pips
EURUSD 2
GBPUSD 4
AUDUSD 3
EURCHF 3
EURGBP 3
EURJPY 3.5
GBPJPY 7
USDCAD 4
USDCHF 3
USDJPY 3

To view the full trading rates on all Forex crosses click here.

To view Swap Rates on all Forex crosses click here.

Target Bid/Ask Spreads
Our target bid/ask spreads listed are our best possible target spreads used in normal market conditions. In quiet market conditions, the spread may be even narrower but in periods of volatile markets, the spread may be increased and auto-execution disabled.
For certain categories of clients, the spreads may in general be wider by up to 2 pips. The spreads applicable to your account will be displayed in your SaxoTrader. Please consult Coactorii Finance to obtain further information about our spread range and its implications to your account.

Margin Requirements
Forex is traded on margin, enabling you to leverage a small margin deposit for a much greater market effect where:

  » Reduced margin rates apply to the first EUR 50,000 (or equivalent) of investment collateral
  » Normal margin rates apply to all investment collateral over EUR 50,000 (or equivalent)

Auto-executed Trades
Major currency trades can be auto-executed for amounts below the auto-execution limit. Auto-executed trades are automatically accepted. For trade sizes over the auto-execute limit and in volatile market conditions, the trade must first be approved by a dealer. This process normally takes just a few seconds.

Note: These are typical auto-execute limits that can change over the day, depending on market conditions and available liquidity.

Ticket Fees
For Forex trades below the Ticket Fee Threshold listed, a small ticket fee of USD 10 is added to the trade to cover administration costs.

Stop Orders
For all "no-slip" stop orders on Majors there is a minimum distance to current market. This means that stop and trailing stop orders for the below currency pairs must be placed with a minimum distance to market as indicated in the table below:

Cross Min Distance and Max Gap (pips)
AUDUSD 15
EURJPY 20
EURUSD 20
EURCHF 20
EURGBP 15
GBPCHF 25
GBPJPY 50
GBPUSD 25
NZDUSD 20
USDCAD 20
USDCHF 20
USDJPY 20

Orders will automatically be rejected if they are not placed at a greater distance from market prices than shown above. This applies to both “no-slip” stop orders and trailing stop orders.

Margin Calls
You must maintain the margins listed in your account at all times. If the funds in 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.

Forex Trading Hours
Your Coactorii Finance trading account is open for Forex trading:

  » From Monday 05:00 Sydney local time (currently Sunday 18:00 GMT)
  » To Friday 17:00 New York local time (currently Friday 21:00 GMT).

Positions held until their Value Date
Open Spot Forex positions held at the end of a Trading Day will be rolled over to a new Value Date on a Tom/Next basis. As part of the rollover, positions are subject to a swap charge or credit based on the LIBOR/LIBID interest rates of the two traded currencies with an added markup of +/- 0.25% (for retail accounts) plus an interest component of LIBOR/LIBID +/- 0.75% for any unrealized profit/loss on the position.

For more information about Swap Rates click here