The account or trading account used by customers to trade or trade CFDs with the platform.
The sum of your current account balance and current unrealized gains and losses minus any margin requirements.
Documents containing customer information, and including disclosure documents, fulfillment of product disclosure statement ("PDS") and Financial Services Guide ("FSG"). When potential customers want to be on the platform When opening an account, they will be provided with a complete customer agreement.
The Australian Securities and Investment Commission or any other regulatory agency that can replace or perform its functions.
The price shown when the market needs to sell the same product. The price is quoted in a two-way way-the purchase price / selling price.
In foreign exchange trading, the selling price indicates the price at which a trader can buy the base currency, The price on the left of the currency pair. For example, the AUDUSD quote is 0.76092 / 0.76109, based on The local currency is USD, and the selling price is 0.76109, which means that you can use 0.76109 Aussie Dollars (Australian dollar) buy 1 US dollar.
In CFD trading, the selling price also represents the price at which a trader can buy the product grid. For example, crude oil is quoted at 57.92 / 57.97, a unit sold in the derivatives market The price is 57.97.
(Australian Client Money Rules)
The provisions of Section 7.8 of the Company Law of 2011 and the company regulations made under such provisions, its Relevant regulations have been made for the holders of financial service licenses to handle customers ’money and property.
Authorized Representative is a company that provides financial services in accordance with the Companies Act 916A or 916B or as an Australian financial services licensee.
The basic currency of the account set up by the customer is the first quote currency of the currency pair, such as AUD / USD AUD.
A chart form, which includes four salient points: high and low prices, forming a vertical line; Opening price, use the horizontal line on the left side of the bar chart to mark; closing price, use the bar chart right The small horizontal line on the side is marked.
(Bid Price )
The purchase price of a product on the market. The price is quoted in a two-way way-the purchase price / selling price.
In foreign exchange trading, the purchase price represents the price at which a trader can sell the base currency, which is the quote on the left of the currency pair. For example, the AUDUSD quote is 0.76092 / 0.76109, the base currency is USD, and the purchase price is 0.76092, which means You can sell 0.7692 Australian dollars for 1 dollar.
In CFDs, the purchase price also represents the price at which a trader can sell the product. For example, the price of oil is 57.92 / 57.97, and the bid price for a unit in the derivatives market is 57.92.
Platform The difference between the bid price and the ask price. Customers may sell at a lower price than the quoted price or buy at a higher price.
The chart indicator used to measure market volatility in technical analysis is composed of a moving average and two standard deviation lines.
Any day of this special market (CFD market) identified by the platform. Due to the nature of the global financial market, the platform may continue to operate and provide the market during Australian public holidays.
Long position to buy a product.
The chart shows high and low prices as well as opening and closing prices. If the opening price is higher than the closing price, the rectangle between the opening and closing prices is shaded. If the closing price is higher than the opening price, the area will not be shaded.
This strategy means that traders sell specific currencies with low interest rates and use the funds to purchase interest rates. High other currencies to get the difference between interest rates. For example, NZD / JPY is common Set transactions. NZD (New Zealand Dollar) is high yield, and JPY (Japanese Yen) is low yield. cross The trader hopes that by buying New Zealand dollars and selling Japanese yen or making long positions in NZD / JPY Profit from the difference in interest rates. When NZD / JPY began to decline in a long time Trend, it is very likely that the arbitrage transaction is considered to be closed due to changes in interest rates.
According to the overnight situation of the CFD in the customer account (long or short), the interest, commission or other fees deducted from the customer account.
Use price information to conduct market analysis to form the visual method of previous price dynamic graph. At the same time, it is also called technical analysis.
The funds shown in the customer's account that have been deposited or processed by the platform.
The value of the CFD transaction determined by the platform according to the current market conditions involved is the closing price.
Brokers charge customers for buying / selling financial products. Commission on derivative products Gold varies from broker to broker. Some brokers charge a flat fee per transaction, while some brokers charge a fee based on the transaction ratio, for example: 0.20%. Commission fees charged by the platform Please refer to 4.1 of this product disclosure statement.
The size or amount of CFDs published in the position. Depending on the size of the financial instrument, the contract size will vary.
The contract period of the futures CFD set on the market information table.
Contracts for Difference (CFD)
It is a contract that allows customers to open / close positions with fluctuations in target prices (foreign exchange, stock indexes, commodities and futures, etc.) and make profits or losses.
The party involved in a financial transaction.
According to the overnight situation of the CFD in the client's account (long or short), interest, commission or other income paid to the client
A foreign exchange rate composed of two currencies. For example, EUR / USD (Euro / USD).
An individual or company that represents a trading entity or counterparty in a transaction. The main body of the transaction One party hopes to obtain a spread by closing a position in a subsequent transaction with the other party (profit Run). In contrast, a broker acts as an intermediary to bring buyers and sellers together And individuals or companies that charge fees or commissions.
The currency denominated in your account.
The value of contract for difference (CFD) is derived from the target reference instrument. Some of the most common Derivative contracts for the target reference instruments include indices, stocks, commodities and currencies.
The funds that are not used for margin in the client's account can be used by the client to open a new position.
The transaction that sets the contract period, that is, the transaction is automatically terminated when it expires.
(Fill or Filled Order)
Financial Supervision Service
Platform Financial Services Guide
(Force Majeure Event)
Anything that causes the platform to fail or delay its performance under the customer agreement or attributable Reasons for any or all obligations of actions or omissions beyond the control of the platform, including but Not limited to strikes, industrial acts, wars, sabotage, terrorist activities, national State of emergency, blockade or government action, God's action, inadequate supply of communications or other infrastructure, hindering the maintenance of an orderly trading market or obstructing compliance with laws or applicable regulatory systems System, emergency or abnormal market conditions, any index / market / exchange suspension or Closing, or the abandonment or failure of such an index, market or exchange.
Buy one currency and sell another. The global market for similar transactions is called the foreign exchange market.
Evaluate all information about tradable products to determine their future prospects, and thereby predict the price Grid trend. Fundamental analysis often consists of unmeasurable and subjective assessments and quantifiable Measurement composition.
Futures contracts are now agreed on prices for future trading at specific times protocol. Therefore, this means that the due date is at some point in the future. Our futures CFDs are settled in cash, so you will never need to actually deliver or receive International products.
Gap refers to the external factors, such as global, economic and specific company events As a result, market prices cannot meet the ‘smoothness’ or continuous development trend, resulting in losses.
If a trader buys Commonwealth Bank stock worth $ 1000 in the cash trading market, It has risen by 10%, then his profit is $ 100, but if it is purchased with CFD For the same position, you may only need to deposit $ 100. If a stock rises more than 10%, its investment The profit is $ 100 or 100%. This is the leverage ratio.
Purchase stocks, commodities, or currencies for investment or speculation—expected price increases
Selling currencies or products that do not belong to the seller-expected price drops
Greenwich Mean Time or British Time-the most common time zone in the CFD market. GMT does not change every year and is different from daylight saving time / daylight saving time.
Balance long and short positions simultaneously to minimize risk. Someone may be in the cash market Have long shares worth $ 50,000 and hope to protect them from falling risks. for After hedging, he will sell $ 50,000 of CFDs. If the stock price does fall, pass the short The profit gained by the warehouse can offset the loss of shares.
The high price of a special CFD in the trading platform refers to the highest bid price on the day. The highest selling price is the highest bid price of the day plus the spread.
For example: the high price of EUSUSD (euro dollar) on the trading platform is 1.14345, and the spread is 17 points. Therefore the highest selling price is 1.14345 and the highest buying price is 1.14362.
The high price on the trading platform will be reset at 00:00 GMT every day.
Markets without a large number of transactions are usually characterized by wide spreads. The market transaction costs of non-circulating markets are usually higher.
The index is a customized securities basket that tracks a specific market or market segment. Each index has its own specific calculation method and unique process for selecting special securities. We provide major financial index prices, such as S & P / ASX 200, UK100, DAX30, Dow Jones and S & P 500.
(Initial Margin Requirement)
The initial deposit required to enter the position.
Leverage refers to borrowing a part of the amount for investment. In the case of CFDs, borrowing is usually from a broker. For the original margin requirements, foreign exchange transactions do provide a high degree of leverage. The reason is that traders can strengthen and control huge amounts of money.
An order to buy or sell a position at a specific price. For example: press "$ 1.20, buy 1,000 shares of Vodafone. "When Vodafone is trading at a price above $ 1.20, the order will be placed. Potential buyers will want their purchase price to be better than the current market transaction price. Obviously, this In this case, the order will never be fulfilled. Similarly, limit orders can also be used in high Selling at the market price.
Close existing positions by executing offset transactions.
(Liquidity or Liquid)
The amount of business carried out in a given market or stock market. Where possible, you always I hope to be able to trade products with good solvency, mainly because of the difference between buying and selling In smaller cases, the transaction price of such products is lower.
Banks or other financial institutions or third parties that provide executable two-way quotations related to basic tools related to CFD products on a continuous and regular basis.
Has been bought, but not sold. The bulls aim to gain profits through rising prices.
(Low Price )
The low price of a special CFD in the trading platform refers to the lowest bid price on the day. The lowest selling price is the lowest buying price of the day plus the spread.
For example: the low price of EUSUSD (euro dollar) on the trading platform is 1.14011, and the spread is 17 points. Therefore, the lowest selling price is 1.14011 and the lowest buying price is 1.14028.
The low price on the trading platform will be reset at 00:00 GMT every day.
The minimum amount of equity that must be maintained in the trading account. In the trading account of the platform, customers must maintain an amount equivalent to 100% of the original margin in their trading account to avoid 'stop loss'.
The amount your CFD broker requires to deposit to finance the position. For needs For products with margin, a certain percentage of the rated value should be deposited in cash, generally 5- 20%.
Request a margin increase in your account to maintain your open position.
(Margin in Use)
Represents the sum of the margins in your base currency used for all open positions at the time.
The bid-ask spread is adjusted to reflect that the customer is obliged to pay the recommended fee to the recommender when the referrer is introduced to the platform.
At the same time quote the buying price and selling price and prepare the traders of both markets for any financial products.
Buy or sell orders based on the current bid-ask spread.
Long or short CFD positions that have not been sold.
(Open Position P&L)
The sum of all unrealized benefits of all your open positions in your base currency at any time period.
OTC products are not traded on exchanges, but are traded through agreements signed between the parties.
Financing adjustments made to your account when an open position is held overnight. This includes non-business Open positions on Sundays, Saturdays or Sundays and any bank or public holiday overnight.
The transaction remains open until the second working day.
Product Disclosure Statement
The minimum price change due to the established exchange rate. When most major currency pairs are priced at four decimals In decimal places, the smallest change is the last decimal point-for most currency pairs, equivalent to One, namely: 1/100 or a basis point.
For example: USD / CAD currency pair can form a minimum fluctuation of $ 0.0001 or a basis point. certain The minimum fluctuation in a currency is not always equal to a basis point, but in general, it is applicable For most currency pairs.
There is a significant price change in securities or commodities between two trading sessions, so that within two days, there is no overlap in trading ranges.
The second currency quote for a currency pair, such as USD (US dollar) in AUD / USD (Australian dollar).
The amount you earn or lose after the open position is closed.
When the recommender introduces new customers to the platform, they are paid. The compensation is based on the introduction The number of customers and / or the amount of transactions introduced by customers. The reward can be negotiated by the recommender and the platform set.
Point to the platform to introduce customers' individuals or individuals. In return, generally according to the introduction to the company Regarding the number of customers opening an account and the number of customers trading, the recommender gets a certain rebate or commission. The recommender of the platform cannot trade on behalf of the customer.
Our employees or employees of affiliated companies.
The price at which the previous rise was terminated, or the price at which the future rise may be terminated, or the market period Hope to realize the selling price. For example, the small S & P 500 has a trading index of 1,950 shares Experts may report that “the resistance price is expected to be 1,950”.
If the client's position exceeds the platform's settlement time at Forex CFD, it will receive a delay Period earnings. Forex / precious metals / commodities CFDs ’deferred rates are variable rates based on currency pairs. Here, the applicable rates for the interbank market should be based on the extension duration, position size and spread Decide.
If the client's position exceeds the platform's settlement time at Forex CFD, it must pay Extension costs. Forex / Precious Metals / Commodities CFDs ’deferred rates are variable fees based on currency pairs rate. Here, the applicable rate for the interbank market should be based on the duration of the extension, the size of the position and The price difference is determined.
Use short positions to expect market prices to fall.
The expiration date and expiration time of the futures CFD set in the interest information. If the corresponding date Not a working day, this will be the current business day immediately following the futures settlement date, unless the interest information There are other specific settings.
The price of the position when it expires.
If a customer has an open short position in the market, it is called a short position.
It is related to the stop loss and is the difference between the stop loss level and the actual performance of the contract. If stop loss The commission is to sell 1,000 shares of Vodafone at $ 1.20, but the actual transaction is $ 1.19, then 1pip The spread is called the negative slippage. Slippage is generally not a problem in the normal market, but it is fluctuating violently Will have an impact in the market.
The market where products were traded at market prices.
(Spot Price )
The market price at that time. The settlement of spot transactions is usually within two working days.
The sale of goods is delivered immediately (contrary to the date of the futures). Spot contracts are usually It is settled electronically.
The difference between the contract purchase price.
Our written evidence of the transaction with you, including any initiation and / or conclusion by you Transactions, any commissions set and / or edited by you, and any fees we use.
The price determined in advance is used to close the position to prevent further losses. The use of stop loss is the only inherently reliable way for traders to deal with risk.
Brokers need investors to use the deposit to deposit more funds to ensure that the investor account reaches the maximum Low maintenance margin requirement if one or more of your account values falls below a certain point At that time, you will receive the stop loss exit notice from the platform. Due to the volatility of the CFD market, When the customer's assets fall out of the maintenance margin requirement, it may not be able to pass the traditional additional guarantee in time Gold way to notify customers.
When holding a position overnight, your account will be deducted or earn interest at the overnight swap rate on the corresponding next business day.
Learn the past price trends through the table to analyze the future price trend.
Equal to any cash value plus the market liquidation value of the securities in the account.
(Total Initial Margin Requirement)
The total amount of original margin used for all open position investments. For example, if the customer holds two hands For Euro and US dollar contracts and first-hand gold contracts, the customer's total starting margin is $ 1500 USD (Foreign CFD: 2 * $ 1000 USD, Gold Contract 1 * $ 500 USD)
For each CFD, we provide detailed information about the trading hours of each special CFD product in the contract details.
The electronic trading system provided by the platform allows customers to conduct CFD transactions through the network including But not limited to the online or downloadable trading platforms mentioned in our palm, such as MetaTrader 4
Refers to futures, options, contracts for differences involving any trading item (including securities), each Kinds of spot or forward contracts, or combined trading projects, depending on the context Maturity transactions and indefinite transactions or either.
Indefinite or contract periods that do not automatically expire.
Securities, such as stocks, commodities or other types of financial products, such as securities indexes, have Determine the value of derivative investments or products.
(Unrealised Gain/Loss )
A trader ’s independent decision to open a position is based on the theoretical profit or loss of the current market interest rate. Unrealized profits or losses become profits or losses when the position is closed.
Account equity minus used margin. This is the amount you can use to recover or supplement the margin call.