Forex, Metals and Oil

Forex, Metals and Oil Notes

* Swap values are expressed in USD per 1 standard lot and updated weekly. Swaps applied to trading accounts are automatically converted in the base currency of the account.

* You can also view the daily swap values in the Market Watch window of your MT4 platform. To do that, right-click on the symbol you are interested in and select Specification. Swap values displayed on MT4 are expressed in MT4 points and not in USD.

– For pairs where the countercurrency is USD, the two values will be the same, as the value of 1 point is 1 USD. For example, if we look at EURUSD and see “Swap Short” of 1.2 points, you will see the same value of 1.2 USD in the table above.

– For pairs where USD is not the counter currency, the values would be differend, as the point value is always expressed in the countercurrency. For example, if we look at EURGBP on MT4, we may see “Swap Short” value of 0.6, this would mean 0.6 GBP swap per lot. To get the USD value, we would need to convert 0.6 into USD using the GBPUSD rate.

* For ease of reference, we publish swap rates online in USD, using the closed of business exachnage rates from the previous day. For this reason, there may be slight deviations from the amount published on the website and the amount charged on your account, as the point value will be converted into your account’s base currency at the applicablt exchange rates at rollover time.

* Triple swap is applied at Wednesday rollover to all FX pairs, Gold and Silver, in order to account for weekend rollovers. Triple swap is applied on Friday for all CFDs on Indices. Triple swap does not apply to XBRUSD, XTIUSD and XNGUSD.

* Subject to National Holidays in the respective country or to other changes in market conditions, the day on which triple swap is applied or the swap may change or swap may be applicable in different proportion. Please ensure to regularly check our Weekly Swap Calendar for further details.

Forex, Metals and Oil Trading Hours

INSTRUMENT TRADING HOURS (SERVER TIME)*
ALL FX MT4 MON-FRI AND DAILY: 00:10 – 23:55
XAU/USD MON-FRI AND DAILY: 01:05 – 23:55
XAG/USD MON-FRI AND DAILY: 01:05 – 23:55
XTI/USD MON-FRI AND DAILY: 01:05 – 23:55
XNG/USD MON-FRI AND DAILY: 01:05 – 23:55
XBR/USD MON-FRI AND DAILY: 03:05 – 23:55

Important: Trading hours may change from time to time or subject to National Holidays or unexpected liquidity circumstances. Please make sure to check our website for notifications on changes of trading hours.

* Server time can be viewed as GMT+2 from autumn to spring and GMT+3 from spring to autumn (subject to Daylight Saving Time). 00:00h Server Time corresponds to 17:00h EST.

CFDs on Indices

CFDs on Indices Notes

* Lot size: 1 standard lot on MT4 equals 1 contract of the traded CFD

* Swaps: Overnight financing costs. Triple swap is applied on Friday for all CFDs, in order to account for weekend rollovers.

* Swap values are expressed in USD per contract and updated weekly. Please refer to MT4 swap value explanation in the previous section above.

* Subject to National Holidays in the respective country or to other changes in market conditions, the day on which triple swap is applied may change or swap may be applicable in different proportion. Please ensure to regularly check our Weekly Swap Calendar for further details.

* Dividends: CFDs trades are subject to ex-dividend adjustments. If you have an open position in a CFD at rollover and a constituent of that index announces a dividend, your account will be credited or debited on the day the underlying stock goes ex-dividend. If you are holding a long position, you will receive a positive ex-dividend adjustment and if you are holding a short position – a negative one. Dividend projections and ex-dividend days are publicly available. If you require further details, please contact us at support@newtraderlab.com.

* USBKT is not available to retail clients

CFDs on Indices Trading Hours

INDEX TRADING HOURS (SERVER TIME) DAILY BREAK TIME (SERVER TIME)
EUSTX50 MARKET OPENS AT 01:00 ON MONDAY AND CLOSES AT 23:55 FRIDAY 18:25H – 18:40H & 23:55H – 00:10H DAILY
GER30 MARKET OPENS AT 01:00 ON MONDAY AND CLOSES AT 23:55 FRIDAY 23:55H – 00:10H DAILY
SPA35 MARKET OPENS AT 01:00 ON MONDAY AND CLOSES AT 23:55 FRIDAY 18:25H – 18:40H & 23:55H – 00:10H DAILY
SWI20 MARKET OPENS AT 01:00 ON MONDAY AND CLOSES AT 23:55 FRIDAY 18:25H – 18:40H & 23:55H – 00:10H DAILY
UK100 MARKET OPENS AT 01:00 ON MONDAY AND CLOSES AT 23:55 FRIDAY 18:25H – 18:40H & 23:55H – 00:10H DAILY
JPN225 MARKET OPENS AT 01:00 ON MONDAY AND CLOSES AT 23:55 FRIDAY 08:55H – 09:10H & 23:55H – 00:10H DAILY
US30 MARKET OPENS AT 01:00 ON MONDAY AND CLOSES AT 23:55 FRIDAY 22:55H – 23:10H & 23:55H – 00:10H DAILY
US500 MARKET OPENS AT 01:00 ON MONDAY AND CLOSES AT 23:55 FRIDAY 22:55H – 23:10H & 23:55H – 00:10H DAILY
NAS100 MARKET OPENS AT 01:00 ON MONDAY AND CLOSES AT 23:55 FRIDAY 22:55H – 23:10H & 23:55H – 00:10H DAILY
UKOIL MARKET OPENS AT 03:15 ON MONDAY AND CLOSES AT 23:45 FRIDAY 23:45H – 03:15H DAILY
USOIL MARKET OPENS AT 03:15 ON MONDAY AND CLOSES AT 23:45 FRIDAY 23:45H – 03:15H DAILY
USBKT*** MARKET OPENS AT 03:15 ON MONDAY AND CLOSES AT 23:45 FRIDAY 23:45H – 03:15H DAILY

Important:

– Trading hours may change, subject to National Holidays or unexpected liquidity circumstances. Please make sure to check our website for notifications on changes of trading hours.

– For better protection against adverse market moves and volatility during market open and close, Tier1FX has introduced a daily trading break for all MT4 instruments, during which pricing and trading is not available:
FX: from 23:55h until 00:05h
XAGUSD, XAUUSD, XTIUSD & XNGUSD: 23:55h until 01:05h
XBRUSD: 23:55h until 03:05h
CFDs: please refer to table above
Nevertheless, some pairs may still experience thin liquidity conditions during certain market hours.

* Server time can be viewed as GMT+2 from autumn to spring and GMT+3 from spring to autumn (subject to Daylight Saving Time). 00:00h Server Time corresponds to 17:00h EST.
** Most JForex pairs are tradable without interruption, however, some have trading breaks and might be interrupted due to liquidity limitations during Off Market Hours.
*** Not available to retail clients.

CFDs on Cryptos

CFDs on Cryptos Notes

* Financing charges are based on 1 month US Libor +25% and triple charge applies on Thursday.

* Subject to National Holidays in the respective country or to other changes in market conditions, the day on which triple swap is applied may change or swap may be applicable in different proportion. Please ensure to regularly check our Weekly Swap Calendar for further details.

Forex, Metals and Oil Trading Hours

INSTRUMENT TRADING HOURS (SERVER TIME)*
CRYPTOS MON-FRI AND DAILY: 00:10 – 23:55

Important: Trading hours may change from time to time or subject to National Holidays or unexpected liquidity circumstances. Please make sure to check our website for notifications on changes of trading hours.

* Server time can be viewed as GMT+2 from autumn to spring and GMT+3 from spring to autumn (subject to Daylight Saving Time). 00:00h Server Time corresponds to 17:00h EST.

Weekly Swap Calendar

Subject to National Holidays in the respective country or to other changes in market conditions, the day on which triple swap is applied may change or swap may be applicable in different proportion. Please ensure to regularly check our Weekly Swap Calendar for further details.

What is rollover

Rollover (swap) is the interest paid or earned for holding a position overnight. Remember, as Forex currencies are traded in pairs, you are simultaneously buying one currency and selling the other: for example, when you trade EUR/USD, you are buying EUR and selling USD.

If the interest rate of the currency you are buying (in this case EUR) is higher than the interest rate of the currency you are selling (in this case USD), you would earn interest and positive Rollover will be applied to your account. If the opposite is true and the interest rate of the currency you bought is lower than the interest rate of the currency you sold, you would pay interest (negative Rollover will be charged to your account).

Rollover application

Swaps applied on Wednesday at 21:00 GMT are multiplied by three (3), in order to compensate for the weekend. This is so, as Forex spot transactions settle two (2) business days from the date of the actual trade. Triple swap for CFDs is applied on Friday.

Some instruments do not have triple swap and subject to National Holidays in the respective country or volatile market conditions, the day on which triple swap is applied or swap amount itself, may change.

Rollover rates are updated weekly on our website and are expressed in USD per 1 standard lot.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage, 69.59% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.