General terms
Service Level
ForexTrading.com onboarding, service, support and trading facility is in English only. There are no advisory services.
Minimum Initial Funding
The minimum initial funding requirement is $2,000 or equivalent.
Funding Method
ForexTrading.com accepts initial funding by bank transfer. Credit or debit card refunding is supported. More detail on funding is available on commencement of the sign-up process.
ForexTrading.com does not support funding by transfer of securities.
Trading Hours
ForexTrading.com is open for business from Monday 05:00 Sydney local time to Friday 17:00 New York local time. Trading times of individual instruments may vary from these times depending on exchange trading times and out-of-hours liquidity. More details are available under the terms pages of each instrument type and under "Account", "Trading Conditions" in the platforms.
Interest on Deposited Funds
ForexTrading.com does not pay interest on deposited funds.
Interest on negative account balances
Interest is payable on negative Net Free Equity at market ask rates plus 4%.
Net Free Equity is defined as:
- The cash balance on the trading account
- Plus or minus the value of any unrealised profits or losses from open trade exposures CFDs and futures on the trading account
- Minus the value of ForexTrading.com's margin requirements for open trade positions on all accounts. For this purpose, margin requirements are a flat 2% for all FX positions and a flat 10% for all CFD positions.
Interest is calculted daily and settled monthly, within 7 days of the end of the calendar month.
Currency Conversions
Currency conversions of trading costs and profits or losses on trading activities are done using the prevailing close rate (plus/minus 0.5%) as of 17:00 New York time.
All other currency conversions (including conversions of funds transferred to and from your account with Saxo Bank) will be done using the current spot rate (plus/minus 0.5%) when the amount is credited or debited from your account.