CFDs on Spot Forex

CFDs on


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Major Currencies

Symbol Spread Min. Fluctuation Min. Distance for Pending Orders
EURUSD0.5 pip0.00018 pips from market price
GBPUSD0.5 pip0.00018 pips from market price
USDJPY0.5 pip0.00018 pips from market price
USDCAD2 pips0.00018 pips from market price
USDCHF0.7 pip0.00018 pips from market price
AUDUSD2 pips0.00018 pips from market price
NZDUSD2 pips0.00018 pips from market price

 

Cross Currencies

Symbol Spread Min. Fluctuation Min. Distance for Pending Orders
GBPJPYInterbank Spread000.0112 pips from market price
EURGBPInterbank Spread0.00018 pips from market price
EURJPYInterbank Spread000.018 pips from market price
EURCHFInterbank Spread0.00018 pips from market price
EURAUDInterbank Spread0.000125 pips from market price
GBPCHFInterbank Spread0.000115 pips from market price
CHFJPYInterbank Spread000.0110 pips from market price
GBPAUDInterbank Spread0.000115 pips from market price
GBPNZDInterbank Spread0.000150 pips from market price
AUDCADInterbank Spread0.000115 pips from market price
AUDJPYInterbank Spread000.0110 pips from market price
NZDCADInterbank Spread0.000115 pips from market price
NZDJPYInterbank Spread000.0110 pips from market price

When trading CFDs on spot forex, 1 standard contract equals 100,000 of the base currency. Take a look at the table below:

Contract Type Contract Size
Standard Contract (1.0 Lot)100,000 of base currency
Mini Contract (0.1 Lot)10,000 of base currency
Micro Contract (0.01 Lot)1000 of base currency

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

Required Margin per Contract

Account Type Leverage StandardMini Micro
Standard-Mini Only1:1$100,000$10,000-
Standard-Mini Only1:50$2000$200-
Standard-Mini, Micro1:100$1000$100$10.0
Standard-Mini, Micro1:200$500$50$5.0
Standard-Mini, Micro1:300$333.33$33.33$3.33
Micro Only1:400--$2.5
Micro Only1:500--$2.0

* 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 on leverage 1:100).

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.

As an investor, your net realized profits will be the total profit your order has made minus your brokers spreads, commissions, and/ or any other deductions. As for DorsiaFX, we only charge the spreads for forex trading.

When you trade on a currency pair, the resulting profits amount is in the profit currency (second part of the currency pair). Therefore, in direct currencies (profit currency is USD) profits are directly calculated in USD, according to the following equation:

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

If the profit currency in the pair is not USD, and in order to have those profits in US dollars, the resulting amount will be exchanged with USD according to the exchange rate at the time of closing the order.

Profits/ Losses calculation for indirect currencies:

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

Profits/ Losses calculation for cross currencies:

[1]  If the profit currency was denominated in a direct currency:

Profit/ Loss = (Bid Price – Ask Price) X Contract Size X Number of Lots X USD Exchange Rate

[2]  If the profit currency was denominated in an indirect currency:

Profit/ Loss = (Bid Price – Ask Price) X Contract Size X Number of Lots / USD Exchange Rate

Example:

You bought 2 mini lots of EURGBP at price 0.8910, in few days, the price goes up and you close your position at price 0.8932. The resulting profit will be as follows:

Note: the exchange rate for GBPUSD at the time of closing the order is 1.4875

Profit  = (Bid Price Ask Price) X Contract Size X Number of Lots X Exchange Rate (USD)
= (0.8932 0.8910) X 10,000 X 2 X Exchange Rate for (GBPUSD)
= 0.0022 X 20,000 X 1.4875
= 65.45 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.