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

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.

Indices Pricing

(All times shown are GMT)

Indices Futures Pricing

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.

Cryptocurrencies

Includes 208 Cryptos: High Cap, Mid Cap, Low Cap, Crypto Crosses and Crypto Index

High Cap

ADAUSD, AVAXUSD, BCHUSD, BNBUSD, BTCUSD, DOGEUSD, DOTUSD, ETHUSD, FILUSD, ICPUSD, LINKUSD, LTCUSD, LUNAUSD, MATICUSD, SOLUSD, TRXUSD, UNIUSD, VETUSD, XLMUSD, XRPUSD.

Mid Cap

AAVEUSD, ALGOUSD, AMPLUSD, ATOMUSD, AXSUSD, CAKEUSD, CHZUSD, COMPUSD, DSHUSD, EGLDUSD, EOSUSD, FLOWUSD, GRTUSD, HOTUSD, IOTAUSD, KSMUSD, LEOUSD, MKRUSD, NEOUSD, RUNEUSD, SHIBUSD, STXUSD, SUSHIUSD, THETAUSD, XMRUSD, XTZUSD, ZECUSD, MANAUSD.

Low Cap

Crypto Crosses 

Includes: AUD, EUR, CAD, GBP and MXN crosses

Crypto Index

ALT10, CCI9, CRYPTO10, CRYPTO25, DEFI25.

Commodities & Metals Pricing

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

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.

US Shares Pricing - MT5 Only

Your margin will be dependent on the number of shares in the CFD you trade.

UK Shares Pricing - MT5 Only

The commission is charged only on the Open trade. There is no commission on closing trades. The effect is that the commission is 0.16% per trade.

Your margin will be dependent on the number of shares in the CFD you trade.

EU Shares Pricing - MT5 Only

Commission is charged only on the Open trade. There is no commission on Closing trades. The effect is that the commission is 0.16% per trade.

Your margin will be dependent on the number of shares in the CFD you trade.

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.