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Thread: Contracts Specifications

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    Default Contracts Specifications

    Hello...

    I see Instrument Futures ( 6A, 6B,...,6S) with no spread in MT4... very interesting...

    Can I trade it? How about contracts spesifications? I don't see it.


    Thanks

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    Default

    Quote Originally Posted by mukhsyeen View Post
    Hello...

    I see Instrument Futures ( 6A, 6B,...,6S) with no spread in MT4... very interesting...

    Can I trade it? How about contracts spesifications? I don't see it.


    Thanks
    The futures are great. I love to trade them. No pesky spread to get in the way of a good technical target.

    As for the specifications, I've attached a document to this post that may help you.
    Attached Files Attached Files
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    Default

    What time I can trades Currency Future if I am using time GMT+7...

    Can I hold my position for more than 24 hours.

    Thanks

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    Default

    Quote Originally Posted by Fernando View Post
    What time I can trades Currency Future if I am using time GMT+7...

    Can I hold my position for more than 24 hours.

    Thanks
    Similar hours to forex pairs and yes you can hold the trades.
    Jafar Calley - Director
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    Default

    Thank you RebateFX...

    I see better trading currecy futures than forex pairs.

    Nice trade with Fxopen.

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    Default

    Quote Originally Posted by Fernando View Post
    Thank you RebateFX...

    I see better trading currecy futures than forex pairs.

    Nice trade with Fxopen.
    It's also good to check with the futures charts before entering trades on the forec pairs to give you a larger perspective on who is buying selling each currency alone.
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    Default

    It has no spread but has commission

    how commission will be calculated ?

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    Quote Originally Posted by etrader View Post
    It has no spread but has commission

    how commission will be calculated ?
    $20 per lot. Or $2 per 0.1 lot trade. Quite reasonable.
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    Quote Originally Posted by RebateFX.com View Post
    $20 per lot. Or $2 per 0.1 lot trade. Quite reasonable.
    Yes I saw in your file

    It will be charged to the account upon closing the trade ?

    The same leverage of forex will be applied to it ?

    and what are the two margins you quoted ?

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    Quote Originally Posted by etrader View Post
    Yes I saw in your file

    It will be charged to the account upon closing the trade ?
    Yes.

    Quote Originally Posted by etrader View Post
    The same leverage of forex will be applied to it ?
    Yes.

    Quote Originally Posted by etrader View Post
    and what are the two margins you quoted ?
    "Open margin" is what you need just to open the contract. "Margin" is the value required to keep it open.

    I made a killing on 6j last week btw. It moved perfectly.
    Jafar Calley - Director
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    Default

    Quote Originally Posted by RebateFX.com View Post
    Similar hours to forex pairs and yes you can hold the trades.
    How much the swap fee for this currency futures (at Fxopen metatrader platform) after GMT + 3 at 1:00 am when I hold this position over than one day? Is the same swap fee calculation as forex too?

    Level limit & stop must be 10 pips. If I got profit 5 pips, can I close manually?

    For comission to open position = $20, comission to close the position = $20 too.

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    Quote Originally Posted by santoso View Post
    How much the swap fee for this currency futures (at Fxopen metatrader platform) after GMT + 3 at 1:00 am when I hold this position over than one day? Is the same swap fee calculation as forex too?

    Level limit & stop must be 10 pips. If I got profit 5 pips, can I close manually?

    For comission to open position = $20, comission to close the position = $20 too.
    Hello santoso,
    There is no swap for islamic accounts.
    You can close any order any time manually.
    Commission for the futures only is 20$ per 1 lot (standart accounts) and 25cents per lot (micro accounts).

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    Default

    Ok i didnt get how commision is paid.
    ist paid when the position of future is closed.

    what if i hold a future position for 1 month. will it only paid once at the end of the month when i close the position.

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    Quote Originally Posted by fire_starta View Post
    Ok i didnt get how commision is paid.
    ist paid when the position of future is closed.

    what if i hold a future position for 1 month. will it only paid once at the end of the month when i close the position.
    True. But contract will expire. I don't know if FXOPEN offers continuous contract but commission is paid once per contract.

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    Quote Originally Posted by aminhakim View Post
    True. But contract will expire. I don't know if FXOPEN offers continuous contract but commission is paid once per contract.
    As far as I know, the currency futures at FXOpen are continuous.
    Jafar Calley - Director
    FXOpen AU Pty Ltd
    Level 26 • 1 Bligh Street
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    AFSL:412871 ABN:61 143 678 719
    http://www.fxopenaus.com

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