The average spreads indicated here are calculated throughout the day. They tend to be narrower under normal market conditions. However, spreads may widen as a result of important news announcements, during political uncertainty, because of unexpected events that can lead to volatile market conditions, or at the close of the business day, or at the weekends when liquidity is lower. When you trade at our company, Veracity Markets is your counter-party. Your trades are matched and any next exposure above the predefined thresholds is hedged with our liquidity providers at the current market spread. However, during volatile and illiquid market conditions our liquidity providers quote spreads larger than normal. At such times, Veracity Markets is forced to pass on some of the spread increases to its clients.
If you leave an open position for the next trading day, you pay or you obtain the certain amount, calculated on the basis of interest rates difference of two currencies in currency pair. This operation is called “swap.” In the trading terminal, “swap” is automatically converted into the deposit currency. The operation is conducted at 00.00 (GMT+2 time zone, please note DST may apply) and can take several minutes. From Wednesday to Thursday swap is charged for three days.
Please bear in mind that the Company may at its sole discretion change, within the hour before the close of the trading session on every Friday, the Stop Out and Margin Call levels from 100% to 150% and from 30% to 75% respectively, for all MT4 accounts. Moreover, kindly note that the Company may extend these amendments for as long as it deems necessary after the market opening, by providing the Client with prior written notice.
Spreads are floating and they may increase during specific periods of the day depending on the market conditions.
Please note that on all MT4 market execution accounts, preset SL/TP levels are not permitted. If a client wishes to add SL/TP levels, the client can modify the existing position after the order is opened.
Please note that during the daily rollover starting from 23:59:59 (MT server time) and for a few seconds, our servers stop accepting any requests due to data processing in regards to the preparation of daily and monthly statements.
Complete Symbol specification is also available in the client terminal i.e. Right click on a symbol on the Market Watch & Select Specification.
SWAPS defined for Forex & Metals symbols are in points i.e. 10 points = 1 pip
SWAPs defined for all the Indices symbols are in points i.e. 10 points = 1 pip, except for indices such as SPX500 which is defined in Money in Margin Currency.
All Average Spreads are defined in points i.e. 10 points = 1 pip
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