Trading Instrument Details

Trading Instrument Details

  • Forex
  • Equity Indices
  • Equity Indices Futures
  • Commodities & Metals
  • Commodities & Metals Futures
  • What is the Rollover?

Forex Pricing

Trading Hours GMT Monday-Thursday/Friday
FX Trading hours (except USDRUB) are the following: Sunday: Open at 21:01 GMT – Close Monday at 20:59 GMT Monday to Thursday: Open at 21:02 GMT – Close at 20:59 GMT Friday: Close at 20:57 GMT USDRUB: Mon -Fri 07:00 - 16:00 GMT

Currency PairMajor/Minor/ExoticTypical Spread* (pips)Pip Value of 1 lotMin/Max Trade Size
AUDCADMinor1.7$8.270.1/12
AUDCHFMinor1.6$11.000.1/9
AUDCNHExotic50$1.560.1/10
AUDHKDExotic50$1.290.1/10
AUDJPYMinor1.3$9.180.1/10
AUDNZDMinor1.6$7.270.1/13
AUDSGDMinor3$7.540.1/13
AUDUSDMajor0.2$10.000.1/10
CADCHFMinor1.6$11.100.1/9
CADJPYMinor1.5$9.180.1/10
CADSGDMinor2.5$7.540.1/13
CHFJPYMinor1.5$9.180.1/10
CHFSGDMinor3.8$7.540.1/13
CNHJPYMinor0.65$9.180.1/10
EURAUDMinor0.4$7.840.1/13
EURCADMinor0.4$8.270.1/12
EURCHFMajor0.2$11.100.1/9
EURDKKExotic5$1.630.1/10
EURGBPMajor0.9$14.130.1/7
EURHKDExotic9.2$1.290.1/10
EURJPYMajor0.4$9.180.1/10
EURMXNExotic80$0.500.1/10
EURNOKExotic18.1$1.210.1/10
EURNZDMinor0.4$7.270.1/13
EURPLNExotic8.9$2.660.1/10
EURSEKExotic15.7$1.200.1/10
EURSGDMinor2.4$7.540.1/13
EURTRYExotic23.7$1.210.1/5
EURUSDMajor0.2$10.000.1/10
EURZARExotic200$0.710.1/5
GBPAUDMinor0.4$7.840.1/13
GBPCADMinor2.1$8.270.1/12
GBPCHFMinor1.9$11.100.1/9
GBPCNHExotic120$1.560.1/10
GBPHKDExotic15.1$1.290.1/10
GBPJPYMajor1.5$9.180.1/10
GBPNOKExotic30$1.210.1/10
GBPNZDMinor0.4$7.270.1/13
GBPSEKExotic100$1.200.1/10
GBPSGDMinor2.5$7.540.1/13
GBPUSDMajor0.2$10.000.1/10
GBPZARExotic100$0.710.1/10
HKDJPYMinor0.9$9.180.1/10
MXNJPYMinor1$9.180.1/10
NOKJPYMinor1.1$9.180.1/10
NOKSEKExotic6.6$1.200.1/10
NZDCADMinor1.9$8.270.1/12
NZDCHFMinor1.9$11.100.1/9
NZDCNHExotic0.66$1.560.1/10
NZDJPYMinor0.4$9.180.1/10
NZDSGDMinor2.9$7.540.1/13
NZDUSDMajor0.7$10.000.1/10
SEKJPYMinor1.2$9.180.1/10
SGDJPYMinor1.4$9.180.1/10
USDCADMajor0.6$8.270.1/12
USDCHFMajor0.2$11.100.1/9
USDCNHExotic6.1$1.560.1/10
USDDKKExotic6.7$1.630.1/10
USDHKDExotic4$1.290.1/10
USDJPYMajor0.2$9.180.1/10
USDMXNExotic33$0.500.1/10
USDNOKExotic16.7$1.210.1/10
USDPLNExotic9.7$2.660.1/10
USDRUBExotic20$0.130.1/5
USDSEKMinor15.8$1.200.1/5
USDSGDMinor1.4$7.540.1/13
USDTRYExotic200$1.210.1/5
USDZARExotic100$0.710.1/5

Max Trade Size
Depends on the account size you select. Max trade size shown is for the $100,000 assessment.

Major/Minor/Exotic
The spread, margin requirements & leverage for forex instruments changes dramatically from Major to Minor to Exotic. That is why the trade size for Exotics is much lower despite the pip value being much less.

Typical Spreads (pips)
Spreads are variable and can widen during overnight hours and after major news or releases.

*Average prices are during London and New York sessions. The spreads in the Asian session are significantly wider.

**Trading hours can change due to public holidays. Please check our holiday schedule.

Please note that liquidity and spreads can change due to market conditions. The information in this table is correct at the time of publication, we reserve the right to change its contents at any time. For up to date information please refer to the trading platform or call the support desk.

Indices Pricing

(All times shown are GMT)

Name
MT4 Abbreviation
Type
Typical Spread (as a decimal)
Contract size (1 lot)
Pip Value of 1 lot
Min/Max Trade Size
Trading Hours GMT Monday-Thursday/Friday
   
Australia 200
AUS200 Roll
Rolling
2
1 index point
1 AUD per 1.0 move
0.1/10
Sun 23:50-24:00 Mon-Thu 00:00-06:30, 07:10-20:59, 23:50-24:00 Fri 00:00-06:30, 07:10-20:57
   
China A50
CHINA50Roll
Rolling
-
10 index point
10 CNH per 1.0 move
0.1/10
Mon - Thu 01:00-08:30, 09:00-20:45, Fri 01:00-08:30, 09:00-20:42
   
China H-Shares
Chshares
Rolling
-
1 index point
1 HKD per 1.0 move
0.1/10
Mon-Thu 01:15-04:00, 05:00-08:30, 09:15-19:00, Fri 01:15-04:00, 05:00-08:30, 09:15-18:57
   
EU Stocks 50
EU50 Roll
Rolling
0.9
1 index point
1 EUR per 1.0 move
0.1/10
Mon - Thu 00:15 - 20:00, Fri 00:15 - 19:57
   
France 40
FR40 Roll
Rolling
1.2
1 index point
1 EUR per 1.0 move
0.1/10
Sun 22:00-24:00, Mon-Thu 00:00-20:15, 20:30-20:59, 22:00-24:00, Fri 00:00-20:12
   
Germany 30
DE30 Roll
Rolling
1
1 index point
1 EUR per 1.0 move
0.1/10
Sun 22:00-24:00, Mon-Thu 00:00-20:15, 20:30-20:59, 22:00-24:00, Fri 00:00-20:12
   
Hong Kong 50
HK50 Roll
Rolling
13
1 index point
1 HKD per 1.0 move
0.1/10
Mon-Thu 01:15-04:00, 05:00-08:30, 09:15-19:00, Fri 01:15-04:00, 05:00-08:30, 09:15-18:57
   
INDIA 50
INDIA50Roll
Rolling
-
1 index point
1 USD per 1.0 move
0.1/10
Mon-Thu 01:00-10:15, 10:40-20:45, Fri 01:00-10:15, 10:40-20:42
   
Japan 225
JP225 Roll
Rolling
11
1 index point
1 JPY per 1.0 move
0.1/10
Sun 22:00-24:00 Mon-Thu 00:00-20:59, 22:00-24:00, Fri 00:00-20:57
   
Russell 2000
RUSS2000
Rolling
-
1 index point
1 USD per 1.0 move
0.1/10
Sun 22:00-24:00 Mon-Thu 00:00-20:15, 20:30-20:59, 22:00-24:00 Fri 00:00-20:15, 20:30-20:57
   
Spain 35
ES35 Roll
Rolling
23
1 index point
1 EUR per 1.0 move
0.1/10
Mon-Thu 06:00-18:00 Fri – 06:00-17:57
   
UK 100
UK100 Roll
Rolling
0.7
1 index point
1 GBP per 1.0 move
0.1/10
Sun 22:00-24:00, Mon-Thu 00:00-20:15, 20:30-20:59, 22:00-24:00, Fri 00:00-20:12
   
US SPX 500
US500 Roll
Rolling
0.5
1 index point
1 USD per 1.0 move
0.1/10
Sun 22:00-24:00 Mon-Thu 00:00-20:15, 20:30-20:59, 22:00-24:00 Fri 00:00-20:15, 20:30-20:57
   
US Tech 100
UT100 Roll
Rolling
1
1 index point
1 USD per 1.0 move
0.1/10
Sun 22:00-24:00 Mon-Thu 00:00-20:15, 20:30-20:59, 22:00-24:00 Fri 00:00-20:15, 20:30-20:57
   
US Wall Street 30
US30 Roll
Rolling
1.7
1 index point
1 USD per 1.0 move
0.1/10
Sun 22:00-24:00 Mon-Thu 00:00-20:15, 20:30-20:59, 22:00-24:00 Fri 00:00-20:15, 20:30-20:57
   
Volatility Index
VIXRoll
Rolling
-
1 index point
1 USD per 1.0 move
0.1/10
Sun 22:00-24:00 Mon-Thu 00:00-20:15, 20:30-20:59, 22:00-24:00 Fri 00:00-20:15, 20:30-20:57
   

Indices Futures Pricing

Name
MT4 Abbreviation
Type
Typical Spread (as a decimal)
Contract size (1 lot)
Pip Value of 1 lot
Min/Max Trade Size
Trading Hours GMT Monday-Thursday/Friday
Australia 200 Index
AU200xx
Future
3
25 index point
25 AUD per 1.0 move
0.1/5.0
Sun 23:50-24:00 Mon-Thu 00:00-06:30, 07:10-20:59, 23:50-24:00 Fri 00:00-06:30, 07:10-20:57
China A50 Index
CHINA50xx
Future
7.5
1 index point
1 USD per 1.0 move
0.1/10
Mon - Thu 01:00-08:30, 09:00-20:45, Fri 01:00-08:30, 09:00-20:42
France 40 Index
FRA40xx
Future
1.7
10 index points
10 EUR per 1.0 move
0.1/10
Sun 22:00-24:00, Mon-Thu 00:00-20:15, 20:30-20:59, 22:00-24:00, Fri 00:00-20:12
Germany 30
DE30xx
Future
1.5
25 index point
25 EUR per 1.0 move
0.1/4.0
Sun 22:00-24:00, Mon-Thu 00:00-20:15, 20:30-20:59, 22:00-24:00, Fri 00:00-20:12
Hong Kong 50 Future Index
HK50xx
Future
-
50 Index Point
50 HKD per 1.0 move
0.1/10
Mon-Thur 01:15 - 04:00, 05:00 - 08:30, 09:15 - 19:00,Fri 18:57 close
India 50 Index
INDIA50xx
Future
5
2 index point
2 USD per 1.0 move
0.1/10
Mon-Thu 01:00-10:10, 10:40-20:45, Fri 01:00-10:10, 10:40-20:42
Singapore 30 Index
Sing30xx
Future
0.6
10 index point
10 SGD per 1.0 move
0.1/10
Mon-Thu 00:30-09:10, 09:40-20:45, Fri 00:30-09:10, 09:40-20:42
Spain 35 Index
ESP35xx
Future
7
10 index points
10 EUR per 1.0 move
0.1/10
Mon-Thu 06:00-18:00 Fri – 06:00-17:57
UK 100 Index
UK100xx
Future
1.5
10 index points
10 GBP per 1.0 move
0.1/10
Sun 22:00-24:00, Mon-Thu 00:00-20:15, 20:30-20:59, 22:00-24:00, Fri 00:00-20:12
US Dollar Index
USDIndexxx
Future
0.045
1000 index points
100 USD per 1.0 move
0.1/2.0
Sun 22:00-00:00, Mon 00:00-20:59,Tue-Thu 00:00-20:59, Fri 00:00-20:57
US SPX 500
US500xx
Future
0.5
50 index point
50 USD per 1.0 move
0.1/2.0
Sun 22:00-24:00 Mon-Thu 00:00-20:15, 20:30-20:59, 22:00-24:00 Fri 00:00-20:15, 20:30-20:57
US Tech 100
UT100xx
Future
1
20 index point
20 USD per 1.0 move
0.1/5.0
Sun 22:00-24:00 Mon-Thu 00:00-20:15, 20:30-20:59, 22:00-24:00 Fri 00:00-20:15, 20:30-20:57
US Wall Street 30
US30xx
Future
3
5 index point
5 USD per 1.0 move
0.1/10
Sun 22:00-24:00 Mon-Thu 00:00-20:15, 20:30-20:59, 22:00-24:00 Fri 00:00-20:15, 20:30-20:57
Volatility Index
VIXxx
Future
0.1
1000 index points
10 USD per 0.01 move
0.1/1.0
Sun 22:00-24:00 Mon-Thu 00:00-20:15, 20:30-20:59, 22:00-24:00 Fri 00:00-20:15, 20:30-20:57
Where "xx" refers to the expiry month and year. First letter is the expiry month: F Jan, G Feb, H Mar, J Apr, K May, M Jun, N Jul, Q Aug, U Sep, V Oct, X Nov, Z Dec Second letter is the year: e.g. Dec-2019 is "Z9" Please refer to our Futures Expiry Dates for details on the expiring contracts Liquidity and spreads can change due to market conditions. The information in this table is correct at the time of publication, we reserve the right to change its contents at any time. For up to date information please refer to the trading platform or call the support desk. *Typical prices are during London and New York sessions.

Commodities & Metals Pricing

Name
Major/Minor/Exotic
MT4 Abbreviation
Type
Typical Spread (as a decimal)
Contract size (1 lot)
Pip Value of 1 lot
Min/Max trade size
Trading Hours GMT Monday-Thursday/Friday
    
Brent Crude Oil
Major
UKOILRoll
Rolling
0.028
1000 Barrels
10 USD per 0.01 move
0.1/5
Sun 23:05 - 24:00 Mon 00:00-21:59 Tue - Thu 01:05 - 21:59, Fri 01:05-21:57
    
Gold Vs Euro
Major
XAUEUR
Rolling
-
100 troy oz
100 EUR per 1.0 move
0.1/1
Sun 22:00-24:00 Mon-Thu 00:00-20:59, 22:00-24:00, Fri 00:00-20:57
    
Gold Vs Lira
Exotic
XAUTRY
Rolling
16.53
100 troy oz
100 TRY per 1.0 move
0.1/1
Sun 22:00-24:00 Mon-Thu 00:00-20:59, 22:00-24:00, Fri 00:00-20:57
    
Gold Vs US Dollar
Major
XAUUSD
Rolling
0.32
100 troy oz
100 USD per 1.0 move
0.1/10
Sun 22:00-24:00 Mon-Thu 00:00-20:59, 22:00-24:00, Fri 00:00-20:57
    
Platinum
Minor
XPTUSD
Rolling
1.56
100 troy oz
1 USD PER 0.01 move
0.1/10
Sun 22:00-24:00 Mon-Thu 00:00-20:59, 22:00-24:00, Fri 00:00-20:57
    
Silver Vs Euro
Major
XAGEUR
Rolling
-
5000 troy oz
50 EUR per 0.01 move
0.1/1
Sun 22:00-24:00 Mon-Thu 00:00-20:59, 22:00-24:00, Fri 00:00-20:57
    
Silver Vs US Dollar
Major
XAGUSD
Rolling
0.04
5000 troy oz
50 USD per 0.01 move
0.1/1
Sun 22:00-24:00 Mon-Thu 00:00-20:59, 22:00-24:00, Fri 00:00-20:57
    
WTI Crude Oil
Major
USOILRoll
Rolling
0.028
1000 Barrels
10 USD per 0.01 move
0.1/5
Sun 22:00-24:00 Mon-Thu 00:00-20:59, 22:00-24:00, Fri 00:00-20:57
    

Major/Minor/Exotic

The spread, margin requirements & leverage for forex instruments changes dramatically from Major to Minor to Exotic. That is why the trade size for Exotics is much lower despite the pip value being much less.

Commodities & Metals Futures Pricing

Name
Major/Minor
MT4 Abbreviation
Type
Typical Spread (as a decimal)
Contract size (1 lot)
Pip Value of 1 lot
Min/Max Trade Size
Trading Hours GMT Monday-Thursday/Friday
    
Brent Crude Oil
Major
UKOILxx
Future
0.037
1000 Barrels
10 USD per 0.01 move
0.1/5
Sun 22:00-24:00 Mon-Thu 00:00-21:00, 22:00 - 24:00, Fri 00:00-20:57
    
Coffee
Minor
COFFEExx
Future
0.56
100 lbs
1 USD per 0.01 move
0.1/10
Mon - Fri 08:15 - 17:30
    
Cotton
Minor
COTTONxx
Future
0.33
100 lbs
1 USD per 0.01 move
0.1/10
Mon-Fri 01:00-18:20
    
Gold
Major
GCxx
Future
0.4
100 troy oz
100 USD per 1.0 move
0.1/5
Sun 22:00-24:00 Mon-Thu 00:00-20:59, 22:00-24:00, Fri 00:00-20:57
    
High Grade Copper
Minor
HGxx
Future
0.004
100 lbs
1 USD per 0.01 move
0.1/10
Sun 22:00-24:00 Mon-Thu 00:00-20:59, 22:00-24:00, Fri 00:00-20:57
    
Natural Gas
Minor
NGxx
Future
0.15
100 Million BTUs
1 USD per 0.01 move
0.1/10
Sun 22:00-24:00 Mon-Thu 00:00-20:59, 22:00-24:00, Fri 00:00-20:57
    
Silver
Major
SIxx
Future
0.025
5000 troy oz
50 USD per 0.01 move
0.1/2
Sun 22:00-24:00 Mon-Thu 00:00-20:59, 22:00-24:00, Fri 00:00-20:57
    
US Cocoa
Minor
USCOCOAxx
Future
13
1 Metric Tonne
1 USD per 1 move
0.1/10
Mon-Fri 08:45-17:30
    
WTI Crude Oil
Major
USOILxx
Future
0.037
1000 Barrels
10 USD per 0.01 move
0.1/5
Sun 22:00-24:00 Mon-Thu 00:00-21:00, 22:00-24:00, Fri 00:00-20:57
    

Where "xx" refers to the expriy month and year.

First letter is the expiry month:
F Jan, G Feb, H Mar, J Apr, K May, M Jun, N Jul, Q Aug, U Sep, V Oct, X Nov, Z Dec

Second letter is the year:
e.g.  Dec-2019 is "Z9"

Please refer to our Futures Expiry Dates for details on the expiring contracts

Liquidity and spreads can change due to market conditions. The information in this table is correct at the time of publication, we reserve the right to change its contents at any time. For up to date information please refer to the trading platform or call the support desk.

What is the Rollover?

If you trade forex on a ‘spot’ basis, all trades settle two business days from inception, as per market convention. The settlement date is referred to as the value date.

T4TCapital offers ‘rolling spot’ forex. This means we don't arrange physical delivery of currencies and therefore, all positions left open from 23:59:45 to 23:59:59 (MetaTrader time, EET) will be rolled over to a new value date. As a result, positions are subject to a swap charge or credit. Please read our rollover/interest policy to find out more.

The rollover cost is based on the interest rate differential of the two currencies. Let’s assume that the interest rates in the EU and USA are 4.25% and 3.5% per annum respectively. Every currency trade involves borrowing one currency to buy another. If you have a buy position of 1.0 lot in EURUSD, then you earn 4.25% on your euros and borrow US dollars at a rate of 3.5% per year.

In other words:
If you have a long position (buy) and the first currency in the currency pair has a higher overnight interest rate than the second currency, you receive a gain.

If you have a short position (sell) and the first currency in the currency pair has a higher overnight interest rate than the second currency, you lose the difference.

If you have a long position and the first currency in the currency pair has a lower overnight interest rate than the second currency, you lose the difference.

If you have a short position and the first currency in the currency pair has a lower overnight interest rate than the second currency, you receive a gain.

Notes:
If you open and close a position before 23:59:45 (MetaTrader time, EET), you will not be subject to a rollover.

The act of rolling the currency pair over is known as tom.next, which stands for tomorrow and the next day.

When you roll an open position from Wednesday to Thursday, Monday next week becomes the value date, not Saturday; therefore the rollover charge on a Wednesday evening will be three times the value indicated on the rollover/interest policy page.