Forex

Margin FX Trading


Would you like to trade in the world’s most liquid market? The Forex market offers more liquidity than any other global financial market. It operates twenty four hours a day five days per week, with a turnover of up to US$ 5 trillion daily. Foreign exchange is often referred to as the Forex or FX market and is the marketplace in which the exchange of currencies, between two counter-parties takes place, at a mutually agreed rate or price. There is no central marketplace or exchange floor, rather Forex is an Over-the-Counter or OTC market.


Forex is an Over-the-Counter Market (OTC)

The majority of Forex trades are settled as spot trades, as opposed to settlement at a set date in the future as with many exchange traded products. Forex provides traders with the ability to execute buy or sell trades around the clock, with few restrictions. Creating opportunities for them to profit from variations in the value of one currency pair against another.

Trade with Leverage

Leverage or gearing effectively multiplies a client’s deposit or account value. This provides a client with the ability to hold larger positions than their initial deposit would cover. In other words traders can hold open positions, with only a fraction of the positions underlying value required as a deposit or margin. Leveraging your funds means you can make larger trades or a higher number of trades than your initial deposit on its own would allow*.


*The use of leverage can magnify profits but it can do the same for losses. Forex and CFDs are leveraged products, involve a high level of risk and can result in the loss of more than your invested capital. Please consult our full risk warning notice.

Contract Information

Blackwell Global’s typical ECN spreads are derived from our liquidity providers.

View our competitive spreads below.

Product Spread in PIPS Time Updated
AUDCAD 3.4 2018-04-22 05:06:40
AUDCHF 3.8 2018-04-22 05:10:18
AUDJPY 1 2018-04-22 05:36:14
AUDNZD 0.9 2018-04-22 05:36:16
AUDSGD 1.9 2018-04-13 14:03:45
AUDUSD 0.4 2018-04-22 05:36:16
CADCHF 3.6 2018-04-22 05:34:38
CADJPY 1.2 2018-04-22 05:36:14
CHFJPY 3 2018-04-22 05:34:16
CHFSGD 10.5 2018-04-22 05:34:17
EURAUD 1.7 2018-04-22 05:36:13
EURCAD 8.6 2018-04-22 04:52:41
EURCHF 4.6 2018-04-22 05:36:14
EURGBP 1.2 2018-04-22 05:36:15
EURJPY 1.7 2018-04-22 05:36:15
EURNOK 133.9 2018-04-22 05:36:14
EURNZD 1.5 2018-04-13 14:03:45
EURSEK 68.1 2018-04-22 04:55:59
EURSGD 6.1 2018-04-22 05:36:14
EURTRY 68.5 2018-04-22 04:54:57
EURUSD 0.4 2018-04-22 05:36:17
GBPAUD 1.9 2018-04-22 05:05:01
GBPCAD 4.9 2018-04-22 04:55:59
GBPCHF 8.4 2018-04-22 04:54:58
GBPJPY 2 2018-04-22 04:54:57
GBPNZD 3.4 2018-04-13 14:03:45
GBPSGD 9.8 2018-04-22 05:05:40
GBPUSD 1.6 2018-04-22 05:08:39
NOKJPY 3.5 2018-04-22 04:52:41
NOKSEK 27.2 2018-04-22 05:02:41
NZDCAD 1.1 2018-04-22 05:37:35
NZDCHF 4.7 2018-04-22 05:10:17
NZDJPY 0.2 2018-04-22 04:54:57
NZDUSD 0.8 2018-04-22 04:52:42
SGDJPY 3 2018-04-22 04:55:00
USDCAD 1.5 2018-04-22 04:55:59
USDCHF 3.6 2018-04-22 04:54:58
USDCNH 11.9 2018-04-22 04:56:00
USDDKK 16.1 2018-04-22 04:54:58
USDHKD 6.5 2018-04-22 04:54:57
USDHUF 15.9 2018-04-22 04:55:59
USDJPY 0.3 2018-04-22 05:06:40
USDMXN 43.9 2018-04-22 05:03:20
USDNOK 153.1 2018-04-22 04:56:00
USDPLN 48.4 2018-04-22 05:37:36
USDSEK 74.1 2018-04-22 05:10:17
USDSGD 3 2018-04-22 05:36:13
USDTRY 54.5 2018-04-22 05:36:15
USDZAR 77.7 2018-04-22 05:06:41
Symbol Average Spread in Points Occurences Digits Spread
AUDCAD 0.000451036 7460081 5 4.510356925
AUDCHF 0.000412893 6694834 5 4.128932681
AUDJPY 0.034743998 9694436 3 3.474399811
AUDNZD 0.00050025 8230993 5 5.002497742
AUDSGD 0.000475801 6352631 5 4.758013207
AUDUSD 0.000183009 6628577 5 1.830086412
CADCHF 0.000441187 6580328 5 4.411874347
CADJPY 0.039240274 8433130 3 3.92402739
CHFJPY 0.036792736 8640868 3 3.679273575
CHFSGD 0.000859013 5628691 5 8.590127598
EURAUD 0.000319493 14406324 5 3.194925617
EURCAD 0.000444687 9914679 5 4.446868991
EURCHF 0.000344893 8490941 5 3.448929241
EURGBP 0.0002572 11748650 5 2.572001617
EURJPY 0.02911002 15144287 3 2.911001964
EURNOK 0.003400476 4809523 5 34.00476384
EURNZD 0.000643731 11065771 5 6.437313423
EURSEK 0.003031521 5402427 5 30.31520789
EURSGD 0.000666261 8042180 5 6.662610984
EURTRY 0.003519337 5947284 5 35.19336724
EURUSD 0.000176193 10221293 5 1.761926246
GBPAUD 0.000329125 10075603 5 3.291247095
GBPCAD 0.000424643 9752900 5 4.246426612
GBPCHF 0.000443279 13581814 5 4.432785209
GBPJPY 0.036514941 13079932 3 3.651494113
GBPNZD 0.000663455 8122240 5 6.63454547
GBPUSD 0.000216329 12187591 5 2.163285845
NOKJPY 0.064720146 1826349 3 6.472014604
NOKSEK 0.001495237 2453971 5 14.95236627
NZDCAD 0.000471778 5857457 5 4.717775991
NZDCHF 0.000496204 5711317 5 4.962042923
NZDJPY 0.040625998 8520866 3 4.062599834
NZDUSD 0.000326078 6279361 5 3.26077749
SGDJPY 0.056833396 6710127 3 5.68333957
USDCAD 0.000314239 7770591 5 3.142394317
USDCHF 0.000291817 6939889 5 2.91816859
USDCNH 0.000914241 3008433 5 9.142407559
USDDKK 0.001156811 6842081 5 11.56811356
USDHKD 0.001037064 694127 5 10.37064269
USDHUF 0.197538689 2403073 3 19.75386886
USDJPY 0.02143501 11248787 3 2.143501028
USDMXN 0.006731901 6179384 5 67.31901016
USDNOK 0.00494005 8597606 5 49.40049988
USDPLN 0.002786774 3628616 5 27.86774205
USDSEK 0.002805371 9303517 5 28.05370966
USDSGD 0.000750385 3609547 5 7.503851979
USDTRY 0.00232052 4300551 5 23.20520394
USDZAR 0.008710218 4580825 5 87.10218293
Limited risk accounts are offered on both standard and ECN. ECN has an additional total commission charge of $15 per lot.

Leverage

Leverage allows you to hold a larger position than the initial cash deposit. Your initial outlay is supplemented to increase the value of your underlying investment. The higher the leverage, the larger the position the trader can execute for the same amount of the initial deposit.

For example, a client using 100:1 leverage could hold a position in the forex market of $100,000 with a margin of $1,000. For a 200:1 leverage, the client would need a $500 margin to hold the same position.

Leverage increases the potential of high returns when the market moves in their favour. However, please note that leverage will act against you when the market moves in the opposite direction to your prediction.

Leverage Levels

Different leverage levels apply to different account types.

Margin Requirement

When an investor opens an account with a broker, an initial deposit is required in order to open a position in the market. The required cash deposit will act as a deposit to cover any credit risk. Depending on the agreement, the investor could be able to leverage up to a certain limit.

The margin requirement for a forex trade is calculated using the following formula:

Margin = (Lot Size * Contract Size * Opening Price) / Leverage

The examples below are based on a Standard/Classic account with a leverage of 100:1.

Forex

Margin requirement for one standard contract position in EUR/USD at 1.2500 is calculated as follows:
Margin = (1 * 100,000 * $1.2500) / (100) = $1250.00

Spot Gold

Margin requirement of one standard contract position in Gold at 1579.01 is calculated as follows:
Margin = (1 * 100 * $1579.01) / (100) = $1579.01

Spot Silver

Margin requirement for one standard contract position in Silver at 28.70 is calculated as follows:
Margin = (1 * 5000 * $28.70) / (100) = $1435.00

Note: Interest is not required to be paid on the borrowed amount, but if the investor decides to hold his position overnight, interest will be charged as the rolled over rates on the total positions held.

Margin Call

Margin Call is a level set by a brokerage that defines the minimum amount of money required to trade in the market. When your account falls below the margin call level, you will need to make an additional deposit to maintain your positions. Alternatively, you can close some of your positions to reduce your required margin. At Blackwell Global, Margin Call is set at 80%.

Stop Out Level

In the event you are unable to maintain sufficient funds in your account after hitting Margin Call, and if your account value depreciates to the Stop Out level, your positions will be closed automatically to prevent further loss to your capital. At Blackwell Global, Stop Out level is set at 50%.

Swaps

Often referred to as Rollover Interest, swaps are charged when holding onto a position overnight due to the difference in interest rates between the base currency and the quote currency.

Blackwell Global deals forex trading on a “spot” basis. All trades are settled in two business days from inception as per market convention. Swaps are automatically calculated and settled at 21:59 GMT (Server Time 22:59) on a daily basis and Blackwell Global does not arrange for physical delivery. Any open positions held from Wednesday to Friday on a trade date basis will be charged three times the value.

The extra payment is to cover the interest that would normally have been charged on Saturday and Sunday when the market is closed.

Forex Rollover Interest

Product Short swap Long swap Time Updated
AUDCAD -3.487 0.9 2018-04-22 05:06:40
AUDCHF -8.624 3.24 2018-04-22 05:10:18
AUDJPY -9.284 2.124 2018-04-22 05:36:14
AUDNZD -0.946 0.144 2018-04-22 05:36:16
AUDSGD -6.275 1.95525 2018-04-13 14:03:45
AUDUSD -0.935 0.081 2018-04-22 05:36:16
CADCHF -8.129 2.349 2018-04-22 05:34:38
CADJPY -4.873 1.575 2018-04-22 05:36:14
CHFJPY 1.197 -3.003 2018-04-22 05:34:16
CHFSGD 3 -8 2018-04-22 05:34:17
EURAUD 5.904 -18.106 2018-04-22 05:36:13
EURCAD 4.014 -13.178 2018-04-22 04:52:41
EURCHF -2.849 0.783 2018-04-22 05:36:14
EURGBP 1.242 -4.664 2018-04-22 05:36:15
EURJPY 0.432 -2.167 2018-04-22 05:36:15
EURNOK 21.339 -46.64 2018-04-22 05:36:14
EURNZD 5.586 -12.95 2018-04-13 14:03:45
EURSEK -16.148 -5.071 2018-04-22 04:55:59
EURSGD 1.863 -7.238 2018-04-22 05:36:14
EURTRY 151.29 -215.93 2018-04-22 04:54:57
EURUSD 5.193 -11.847 2018-04-22 05:36:17
GBPAUD 5.103 -13.574 2018-04-22 05:05:01
GBPCAD 2.781 -7.865 2018-04-22 04:55:59
GBPCHF -8.261 2.349 2018-04-22 04:54:58
GBPJPY -4.598 1.035 2018-04-22 04:54:57
GBPNZD 3.21225 -8.6775 2018-04-13 14:03:45
GBPSGD -1.859 -1.859 2018-04-22 05:05:40
GBPUSD 2.403 -8.382 2018-04-22 05:08:39
NOKJPY -0.605 0.207 2018-04-22 04:52:41
NOKSEK -5.874 2.817 2018-04-22 05:02:41
NZDCAD -2.904 0.972 2018-04-22 05:37:35
NZDCHF -8.855 2.592 2018-04-22 05:10:17
NZDJPY -7.546 2.529 2018-04-22 04:54:57
NZDUSD -0.132 -0.264 2018-04-22 04:52:42
SGDJPY -2.662 0.513 2018-04-22 04:55:00
USDCAD -5.324 0.873 2018-04-22 04:55:59
USDCHF -12.199 4.518 2018-04-22 04:54:58
USDCNH 10.206 -70.543 2018-04-22 04:56:00
USDDKK -42.35 24.885 2018-04-22 04:54:58
USDHKD -44.627 25.083 2018-04-22 04:54:57
USDHUF -21.791 6.39 2018-04-22 04:55:59
USDJPY -11.451 3.537 2018-04-22 05:06:40
USDMXN 227.79 -314.6 2018-04-22 05:03:20
USDNOK -33.946 16.326 2018-04-22 04:56:00
USDPLN -0.231 -2.574 2018-04-22 05:37:36
USDSEK -89.441 36.819 2018-04-22 05:10:17
USDSGD -9.988 3.429 2018-04-22 05:36:13
USDTRY 287.46 -440.22 2018-04-22 05:36:15
USDZAR 155.448 -208.483 2018-04-22 05:06:41

Specifications

24

Trading Hours

5

Trading Days

5

Pricing Decimals

3

Japanese Yen Decimals

100000

1 Standard Lot

2

Server Time (GMT+)

0.01

Min. Order Size

100

Max.Order Size (lots)


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