Read below for detailed information on our trading specifications and rules.
|Account Opening Fee||None|
|Dormant Account Maintenance Fee||10 USD for accounts which have no trades, open positions, deposits or withdrawals in 3 consecutive months|
|Account Currency||USD or EUR|
|Minimum Initial Deposit||None|
|Required Margin||Varies depending on the instrument|
|Margin Call||No margin call will be issued|
|Auto-Closeout||Your positions will be closed out automatically if your net equity falls below 100% of margin ratio in your account base currency. When auto-closeout triggered, all your open positions will be liquidated. It is your responsibility to monitor your account and maintain 100% of the required margin from time to time.|
|BTCUSD_z, ETHUSD_z, LTCUSD_z|
|BTCUSD_z, ETHUSD_z, LTCUSD_z|
*BTCUSD_z, ETHUSD_z and LTCUSD_z are not available to Auton 200 accounts.
|Price Quotes||Two-way pricing - Sell and Buy|
Please be aware that our operators cannot accept any orders via telephone or any other alternative means.
|Order Types||One-Click Order, Market Order, Limit Order, Stop Order, Take Profit Order, Stop-Loss Order|
|Expiry Type||Good-Till-Cancelled (GTC)
|Hedging||This is an optional feature, and although it may be convenient to enter hedged trades at the same time, we do not recommend the usage of the feature to our clients. You should be aware of the various factors that could affect your account balance as a result of executing such hedged trades, such as:
- Possible negative spread (i.e. rollover charges may be higher than rollover accruals) if hedged positions are held overnight; or
- You will be subject to twice the usual trading cost when closing these hedged trades.
Please note that you will only be required to hold margin for one side of the hedged part of your trades.
It will be your responsibility to continually monitor your positions, and Z.com Trade will be not liable for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of this feature.
|Maximum Deviation Settings||
When setting maximum pip deviation, 1 pip is calculated by:
For Cryptocurrencies - by 1 (1.00)
|Cash-on-Delivery (Physical Settlement)||Not available|
|Profit / Loss Settlement||Realised trading profit/loss will be settled (i.e. credited to or debited from the cash balance) at Trading Close.|
|Rollover||The realised amount will be settled (i.e., credited to or debited from the cash balance) at Trading Close.
Please note that "3-day" rollover will be applied to all open positions at trading close on Wednesdays. USA bank holidays may also affect the number of days allocated for each rollover.
Rollover rates for each product are clearly detailed within traing platform. You can check the debited or credited rollover amount under Account History on the platform (for more details, please refer to user guide). Alternatively, you can check the rollover amount applied to your open positions via the Client Statement which is emailed to you daily after trading close.
Trading in leveraged products carries a high level of risk. Your losses may exceed your initial investment requiring you to make further payments. These products are not suitable for everyone and you should seek independent advice if you are in any doubt. Please ensure that you fully understand the risks.