Devisenmarkt

Glossary

Handelsbedingungen

Orderarten und Ausführungsbedingung

Transaktionsumstellung zum neuen Wertstellungsdatum - SWAP

Geschäftszeit

Margenbedingungen

Streitentscheidung

Geschäfte am Devisenmarkt mit dem Unternehmen IFC Markets werden in den Bedingungen SPOT durchgeführt. SPOT-Geschäfte oder Termingeschäfte werden als eindeutige Geldwechsel von einer Währung zur anderen bezeichnet. Die Spot-Notierung ist der Preis des Devisenmarktes oder die „cash“ Notierung. Spot-Transaktionen erfordern keine Abrechnung oder keine Bezahlung „on the spot“. Wie es der Brauch verlangt ist der Abrechnungstag or „value date“ der zweite Arbeitstag nach dem Geschäftstag an dem die Transaktion durchgeführt wird.

IFC Markets offres three types of trading accounts: Demo, Beginner and Standard.

General Conditions

	DEMO1	BEGINNER2	STANDARD
Minimal initial deposit	1 USD	1 USD	200 USD
Maximum Initial Deposit	Unlimited	3000 USD	Unlimited
Maximum allowed equity	Unlimited	5000 USD	Unlimited
Leverage	1:1 - 1:400	1:1 - 1:400	1:1 - 1:200
Phone dealing service	-	+	+
Market news service	-	+	+

¹ Demo account operates virtual funds. It is introduced to learn the Trading Platforms' functionality and test trading strategies.

² If value of Equity reaches an amount equal or greater than $5000, the opening of new positions in the account is automatically terminated. For continuation of trade it is necessary for client either to change type of the account to Standard, or to withdraw surplus of funds to make the Equity not exceeding the amount of $3000.
A client can trade only on one Beginner account.

Trading Conditions

³ Spreads may vary in case of large volumes of transactions and low liquidity market.

⁴ Minimum Limit and Stop Order setting range may vary from 1 to 7 spreads from the market price depending on current market's liquidity.

⁵ 1 pip value is given per Deal Volume column.

Trading Volumes 

Trading Instruments	Spread3	Order Distance4	Deal volume	1 pip value	Margin (leverage1:200)	Margin (leverage 1:400)
Forex
AUD/JPY	5	8	100000 AUD	1000 JPY	500 AUD	250 AUD
AUD/NZD	12	18	100000 AUD	10 NZD	500 AUD	250 AUD
AUD/USD	3	5	100000 AUD	10 USD	500 AUD	250 AUD
CAD/JPY	5	8	100000 CAD	1000 JPY	500 CAD	250 CAD
CHF/JPY	4	6	100000 CHF	1000 JPY	500 CHF	250 CHF
EUR/AUD	10	15	100000 EUR	10 AUD	500 EUR	250 EUR
EUR/CAD	9	14	100000 EUR	10 CAD	500 EUR	250 EUR
EUR/CHF	3	5	100000 EUR	10 CHF	500 EUR	250 EUR
EUR/GBP	2	3	100000 EUR	10 GBP	500 EUR	250 EUR
EUR/JPY	3	5	100000 EUR	1000 JPY	500 EUR	250 EUR
EUR/SEK	50	75	100000 EUR	10 SEK	500 EUR	250 EUR
EUR/USD	2	3	100000 EUR	10 USD	500 EUR	250 EUR
GBP/AUD	10	15	100000 GPB	10 AUD	500 GPB	250 GPB
GBP/CAD	11	17	100000 GPB	10 CAD	500 GPB	250 GPB
GBP/CHF	7	8	100000 GPB	10 CHF	500 GPB	250 GPB
GBP/JPY	7	8	100000 GPB	1000 JPY	500 GPB	250 GPB
GBP/NZD	30	30	100000 GPB	10 NZD	500 GPB	250 GPB
GBP/SEK	70	105	100000 GPB	10 SEK	500 GPB	250 GPB
GBP/USD	3	5	100000 GPB	10 USD	500 GPB	250 GPB
NZD/CAD	10	15	100000 NZD	10 CAD	500 NZD	250 NZD
NZD/CHF	10	15	100000 NZD	10 CHF	500 NZD	250 NZD
NZD/JPY	9	14	100000 NZD	1000 JPY	500 NZD	250 NZD
NZD/USD	5	8	100000 NZD	10 USD	500 NZD	250 NZD
USD/CAD	4	6	100000 USD	10 CAD	500 USD	250 USD
USD/CHF	3	5	100000 USD	10 CHF	500 USD	250 USD
USD/DKK	40	60	100000 USD	10 DKK	500 USD	250 USD
USD/JPY	3	5	100000 USD	1000 JPY	500 USD	250 USD
USD/NOK	50	75	100000 USD	10 NOK	500 USD	250 USD
USD/SEK	50	75	100000 USD	10 SEK	500 USD	250 USD
USD/SGD	8	12	100000 USD	10 SGD	500 USD	250 USD
Metals
XAUUSD	65	98	100 oz	0.01 USD	0.5%	0.25%
XAGUSD	65	98	5 000 oz	0.1 USD	0.5%	0.25%
CFDs
SP500	75	225	100 contr	1 USD	1%	0.5%
Nd100	100	300	100 contr	1 USD	1%	0.5%
DJI	70	210	10 contr	1 USD	1%	0.5%
FTSE100	500	1500	10 contr	0.1 GBP	1%	0.5%
DAX	500	1500	10 contr	0.1 EUR	1%	0.5%
CAC40	500	1500	10 contr	0.1 EUR	1%	0.5%

Trading Instruments	Demo		Beginner		Standard
	Minimum Volume	Maximum Volume	Minimum Volume	Maximum Volume	Minimum Volume	Maximum Volume
Forex 6	100	Unlimited	100	100,000	10,000	Unlimited
XAU/USD	1 oz	Unlimited	1 oz	100 oz	10 oz	Unlimited
XAG/USD	5 oz	Unlimited	5 oz	5,000 oz	500 oz	Unlimited
SP500	0.1 contract	Unlimited	0.1 contract	100 contract	10 contract	Unlimited
Nd100	0.1 contact	Unlimited	0.1 contract	100 contract	10 contract	Unlimited
DJI	0.01 contract	Unlimited	0.01 contract	10 contract	1 contract	Unlimited
FTSE100	0.01 contract	Unlimited	0.01 contract	10 contract	1 contract	Unlimited
DAX	0.01 contract	Unlimited	0.01 contract	10 contract	1 contract	Unlimited
CAC40	0.01 contract	Unlimited	0.01 contract	10 contract	1 contract	Unlimited

⁶ Volumes given in units of base currency

In order to avoid any client liabilities towards the company, the company can close one or several client’s positions if there are losses over them. Closing is performed if margin level, i.e. ratio of the balance taking into account open positions to the margin value, reaches 10%. In this case the first position to close will be the most unprofitable. This situation is called “short margin”.

For weekends and holidays margin requirements may be increased twice with prior notification. This means that leverage 100:1 or requirement margin of 1% will become 50:1 or requirement margin 2%. The client must get his opened position according to the increased margin demands by the end of trading. If the client fails to do so, the company has a right, but not responsibility, to reduce the client’s position according to the prices that set at the end of the trades. In this case the company will choose which of the client’s positions will be reduced or closed.