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 1 2017-09-25 15:33:27
AUDCHF 0.9 2017-09-25 15:33:36
AUDJPY 0.5 2017-09-25 15:33:27
AUDNZD 1.4 2017-09-25 15:33:36
AUDSGD 1.9 2017-09-25 15:33:37
AUDUSD 0.2 2017-09-25 15:33:27
CADCHF 0.6 2017-09-25 15:33:38
CADJPY 0.5 2017-09-25 15:33:36
CHFJPY 0.5 2017-09-25 15:33:27
CHFSGD 1.9 2017-09-25 15:33:36
EURAUD 0.2 2017-09-25 15:33:36
EURCAD 0.8 2017-09-25 15:33:35
EURCHF 1 2017-09-25 15:33:35
EURGBP 0.6 2017-09-25 15:33:35
EURJPY 0.5 2017-09-25 15:33:35
EURNOK 10.3 2017-09-25 15:33:34
EURNZD 1.9 2017-09-25 15:33:35
EURSEK 7 2017-09-25 15:33:35
EURSGD 1.5 2017-09-25 15:33:34
EURTRY 14 2017-09-25 15:33:34
EURUSD 0.1 2017-09-25 15:33:34
GBPAUD 1.3 2017-09-25 15:33:33
GBPCAD 1.3 2017-09-25 15:33:36
GBPCHF 0.5 2017-09-25 15:33:34
GBPJPY 0.8 2017-09-25 15:33:34
GBPNZD 3.7 2017-09-25 15:33:33
GBPSGD 2 2017-09-25 15:33:33
GBPUSD 0.5 2017-09-25 15:33:33
NOKJPY 0.5 2017-09-25 15:33:33
NOKSEK 3.9 2017-09-25 15:33:32
NZDCAD 0.8 2017-09-25 15:33:32
NZDCHF 1 2017-09-25 15:33:32
NZDJPY 1 2017-09-25 15:33:32
NZDUSD 0.2 2017-09-25 15:33:32
SGDJPY 0.6 2017-09-25 15:33:31
USDCAD 0.3 2017-09-25 15:33:38
USDCHF 0.6 2017-09-25 15:33:32
USDCNH 3.4 2017-09-25 15:33:31
USDDKK 3 2017-09-25 15:33:30
USDHKD 1.7 2017-09-25 15:33:31
USDHUF 6.6 2017-09-25 15:33:30
USDJPY 0.4 2017-09-25 15:33:30
USDMXN 17.5 2017-09-25 15:33:30
USDNOK 28 2017-09-25 15:33:30
USDPLN 7 2017-09-25 15:33:29
USDSEK 8 2017-09-25 15:33:28
USDSGD 0.6 2017-09-25 15:33:28
USDTRY 5.3 2017-09-25 15:33:29
USDZAR 38 2017-09-25 15:33:30

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 120%.

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 80%.

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 -3.0315625 0.642075 2017-09-25 15:33:27
AUDCHF -8.369975 3.01275 2017-09-25 15:33:36
AUDJPY -6.8638625 2.3451 2017-09-25 15:33:27
AUDNZD 0.73545 -3.22475 2017-09-25 15:33:36
AUDSGD -4.405 1.32675 2017-09-25 15:33:37
AUDUSD -1.611454 0.28896 2017-09-25 15:33:27
CADCHF -6.911 2.305575 2017-09-25 15:33:38
CADJPY -5.1457375 1.517025 2017-09-25 15:33:36
CHFJPY 1.146975 -4.3532375 2017-09-25 15:33:27
CHFSGD 4.11975 -10.14625 2017-09-25 15:33:36
EURAUD 4.96725 -13.7988875 2017-09-25 15:33:36
EURCAD 3.31305 -10.6796875 2017-09-25 15:33:35
EURCHF -2.6277875 0.465375 2017-09-25 15:33:35
EURGBP 0.846675 -2.9531875 2017-09-25 15:33:35
EURJPY 0.521175 -2.749525 2017-09-25 15:33:35
EURNOK 12.1149 -44.1236 2017-09-25 15:33:34
EURNZD 6.9078 -18.8905625 2017-09-25 15:33:35
EURSEK -12.6134375 -2.783625 2017-09-25 15:33:35
EURSGD 2.7105 -10.875625 2017-09-25 15:33:34
EURTRY 94.6125 -207.325 2017-09-25 15:33:34
EURUSD 3.3177 -6.11545 2017-09-25 15:33:34
GBPAUD 3.67845 -10.6455875 2017-09-25 15:33:33
GBPCAD 1.994025 -6.9658625 2017-09-25 15:33:36
GBPCHF -6.302825 1.998675 2017-09-25 15:33:34
GBPJPY -3.241448 0.33696 2017-09-25 15:33:34
GBPNZD 5.700375 -15.9577375 2017-09-25 15:33:33
GBPSGD 1.60575 -5.87375 2017-09-25 15:33:33
GBPUSD 2.22885 -6.42925 2017-09-25 15:33:33
NOKJPY -0.41375 0.147 2017-09-25 15:33:33
NOKSEK -4.6725 1.8855 2017-09-25 15:33:32
NZDCAD -4.785725 1.386825 2017-09-25 15:33:32
NZDCHF -9.24125 3.327 2017-09-25 15:33:32
NZDJPY -8.084675 2.862 2017-09-25 15:33:32
NZDUSD -3.0716625 0.914475 2017-09-25 15:33:32
SGDJPY -4.22 0.826125 2017-09-25 15:33:31
USDCAD -2.7888125 0.544425 2017-09-25 15:33:38
USDCHF -9.0093875 3.23865 2017-09-25 15:33:32
USDCNH 12.35925 -35.24375 2017-09-25 15:33:31
USDDKK -49.1275 22.41375 2017-09-25 15:33:30
USDHKD -34.17625 13.75575 2017-09-25 15:33:31
USDHUF -15.21875 4.9575 2017-09-25 15:33:30
USDJPY -6.9150625 2.3358 2017-09-25 15:33:30
USDMXN 160.458 -627.58375 2017-09-25 15:33:30
USDNOK -31.06315 8.501175 2017-09-25 15:33:30
USDPLN 0.6285 -4.80625 2017-09-25 15:33:29
USDSEK -66.9798125 22.9116 2017-09-25 15:33:28
USDSGD -3.749345 0.606475 2017-09-25 15:33:28
USDTRY 57.207375 -161.5315 2017-09-25 15:33:29
USDZAR 47.1045 -168.3495 2017-09-25 15:33:30

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)

More Information




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