FOREX TRADING

Institutional Variable Spreads

EURUSD   0.1 -- 1.6 Pips *

GBPUSD   0.2 -- 1.9 Pips *

USDJPY   0.3 -- 1.9 Pips *

USDCHF   0.3 -- 1.9 Pips *

EURGBP   0.6 -- 2.0 Pips *

EURCHF   0.6 -- 2.0 Pips *

EURJPY   0.6 -- 3.0 Pips *

AUDUSD   1.0 -- 3.0 Pips *

USDCAD   1.0 -- 3.0 Pips *

NZDUSD   0.8 -- 4.0 Pips *

Minimum Deposit:   $ 400

Commission:   US$ 0.60 / Mini-Lot / RoundTurn

Minimum Lot for STP:   0.05 Lot

Spread Padding:   0 Pips

Margin:  Variable per Pair 

Dealing Desk:   None

Platform:   MetaTrader 4

Membership Fee:  $ 0

Trading Restrictions:   None

*   During High Liquidity ( Asian, London & New York Sessions)

DO YOU KNOW THE TRUTH ?

FACT 1

All trades are using STP Technology. There is NO DEALING DESK

FACT 2

JadeFX is an AutoTraders members club with benefits of very Low Spreads , pure prices and very honest trading

FACT 3

To cover operational costs we charge a fee of 0.6 pips per Lot( US$ 0.60 Per Mini-Lot Per RoundTurn). There is No other commissions or hiddden costs. The More volume we trade the lower our Spreads become.

FACT 4

JadeFX members do get exact institutional quotes and spreads straight from our Liquidity Providers ( Banks and Prime brokers ). JadeFX does not offer FIXED spreads

FACT 5

all the Client's deposit funds are completely segregated from JadeFX's operating accounts and Client's trading funds are held only in Institutional Brokerage Accounts by fully-regulated Liquidity Provider ( Bank or Prime Broker )

FACT 6

Fast Services to Open an Account, Deposit Funds and Withdrawals , All within 1 to 5 days business days

Rollover or Swap

What is Rollover or Swap ?
Rollover is the interest paid or earned for holding a position overnight. Each currency has an interest rate associated with it, and because forex is traded in pairs, every trade involves not only 2 different currencies, but their two different interest rates. If the interest rate on the currency you bought is higher than the interest rate of the currency you sold, then you will earn rollover (positive roll). If the interest rate on the currency you bought is lower than the interest rate on the currency you sold, then you will pay rollover (negative roll). Rollover can add a significant extra cost or profit to your trade.
Rollover or Swap Examples?

When you buy the EUR/USD pair, you are buying the Euro, and selling the US Dollar to pay for it. If the Euro interest rate is 4.00%, and the US rate is 2.25%, you are buying the currency with the higher interest rate, and you will earn rollover -- about 1.75% on an annual basis. If you sell the EUR/USD pair, you are selling the currency with the lower interest rate, and you will pay rollover -- about 1.75% on an annual basis, since you are paying the Euro interest rate and earning the US interest rate.

One of the most popular forex strategies in the twenty first century has been the Carry Trade. The "Carry Trade" takes advantage of both the differences in interest rates between countries and the high available leverage of the forex market.

When is rollover or Swap booked?
5 pm in New York is considered the beginning and end of the forex trading day. Any positions that are open at 5 pm sharp are considered to be held overnight, and are subject to rollover. A position opened at 5:01 pm is not subject to rollover until the next day, while a position opened at 4:59 pm is subject to rollover at 5 pm.
A credit or debit for each position open at 5 pm appears on your account within an hour, and is applied directly to your accounts balance.


 

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