CFDs on Futures Currencies

CFDs on

Forex Futures can be used by investors to speculate and profit from currency exchange rate fluctuations.

With DorsiaFX, you will be able to trade CFDs on futures contracts for all 7 major currencies (Euro, British Pound, Japanese Yen, Canadian Dollar, Swiss Franc, Australian Dollar, and New Zealand Dollar futures contracts).

You can trade standard contracts, mini, and even micros on those futures. Each contract is traded for a quarter; the delivery dates (expiration dates) for currencies futures contracts are usually around the middle of the delivery month. Investors will receive a notification to close their contracts 2 days prior the delivery date.

There will be a fixed commission deducted from your account balance upon placing an order for each contract when trading on futures.

  • Per each standard contract, 7 dollars will be deducted.
  • Per each mini contract, 70 cents will be deducted.
  • Per each micro contract, 7 cents will be deducted.

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Name/ Symbol Spread Min. Fluctuation Min. Distance for Pending
Euro/ ECMarket0.00015 pips from market price
Pound/ BPMarket0.00015 pips from market price
Yen/ JYMarket0.00015 pips from market price
Canadian/ CDMarket0.00015 pips from market price
Franc/ SFMarket0.00015 pips from market price
Australian/ ADMarket0.00015 pips from market price
New Zealand/ NZMarket0.00015 pips from market price

When trading CFDs on forex futures, each standard contract for the underlying currency has a fixed determined size. Take a look at the table below:

Name/ Symbol Contract Type Contract Size
Euro/ ECStandard Contract (1.0 Lot)
Mini Contract (0.1 Lot)
Micro Contract (0.01 Lot)
125,000 EUR
12,500 EUR
1,250 EUR
Pound/ BP Standard Contract (1.0 Lot)
Mini Contract (0.1 Lot)
Micro Contract (0.01 Lot)
62,500 GBP
6,250 GBP
625 GBP
Yen/ JY Standard Contract (1.0 Lot)
Mini Contract (0.1 Lot)
Micro Contract (0.01 Lot)
12,500,000 Yen
1,250,000 Yen
125,000 Yen
Canadian/ CD Standard Contract (1.0 Lot)
Mini Contract (0.1 Lot)
Micro Contract (0.01 Lot)
100,000 CAD
10,000 CAD
1,000 CAD
Franc/ SF Standard Contract (1.0 Lot)
Mini Contract (0.1 Lot)
Micro Contract (0.01 Lot)
125,000 CHF
12,500 CHF
1,250 CHF
Australian/ AD Standard Contract (1.0 Lot)
Mini Contract (0.1 Lot)
Micro Contract (0.01 Lot)
100,000 AUD
10,000 AUD
1,000 AUD
New Zealand/ NZ Standard Contract (1.0 Lot)
Mini Contract (0.1 Lot)
Micro Contract (0.01 Lot)
100,000 NZD
10,000 NZD
1,000 NZD

When trading CFDs on forex futures contracts, a fixed amount will be held as margin for each contract regardless to the account leverage as follows:

Required Margin per Contract Size:

Required Margin per StandardRequired Margin per MiniRequired Margin per Micro
$1000 Fixed Margin$100 Fixed Margin$10 Fixed Margin

* The held margin for a hedged position is the same for one open position of the same volume (for example, the held margin for 1 standard lot hedged position is $1000 for all currencies CFDs future contracts).

Making profits in trading is all about expectations and speculations for prices. The main concept is to buy a product hoping to sell it on a higher price or vice versa, so that the difference is your profits. Sometimes the market may go against your trades, thus the result would be losses.

Futures contracts for currencies are all quoted in US Dollars. Therefore, your profits will be directly calculated in USD according to the following equation:

Profit/ Loss = (Bid Price – Ask Price) X Contract Size X Number of Contracts

Example:

You bought 2 standard contracts of British Pounds for Month June, 2010 (BP10JUN) at price 1.5130. You decided to close your order on price 1.5150. Your profits will be calculated as follows:

Profit = (Bid Price – Ask Price) X Contract Size X Number of Contracts
= (1.5150 – 1.5130) X 62,500 X 2.0 Lots
= 250 USD

* DorsiaFX”DorsiaFX” may in its soul and absolute discretion, at any time, without any prior notice change its commissions, fees, spreads, margin requirements and leverages, or close any account.