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Trading Conditions

Conditions

Please finde a summary of our conditions below. Should you have further questions, please do not hesitate to contact us.

General information:

General information
Trading platforms MT4, MT4 Mobile, direktbroker-FX Webtrader, direktbroker-FX Mobile Trader, dbFX Robo-Advisor
Regulated by CySEC
Registered with BaFin
Security Segregated account
Account location / Bank GB / Barclays Bank
FOREX exchange rate ECN
FOREX implementation STP
Requotes None
Account administration fees free of charge
Additional contribution obligations none
Inactivity fee after 3 Month Eur 15 / month
Certificate of loss free of charge (on request)

Deposits and withdrawals

Deposit Withdrawal
Skrill method (Minimum deposit: 1.001,- Euro) free of charge free of charge
NETeller (Minimum deposit: 1.001,- Euro) free of charge free of charge
Bank charges apply free of charge EUR 15
Credit card free of charge 1,5 %

Possible account types, depending on the deposit

Possible account types, depending on the deposit
Silver from EUR 500
Gold from EUR 5.000
Platinum from EUR 25.000
Professional Client from EUR 25.000

These ESMA compliant leverage apply to all retail customers. Leverage at position opening (Initial) Leverage after position opening (Maintenance)
Major FX pairs (The major currencies are currency pairs comprising any two of the following currencies: USD, EUR, JPY, GBP, CAD or CHF) 30 : 1 (3.33%) 60 : 1 (1,67%)
All other currencies 20 : 1 (5%) 40 : 1 (2,5%)
Gold 20 : 1 (5%) 40 : 1 (2,5%)
Major Indices (The major indices are any of the following equity indices: FTSE 100, CAC 40, DAX, DOW, S&P 500, NASDAQ, Nikkei 225, ASX 200, EURO STOXX 50) 20 : 1 (5%) 40 : 1 (2,5%)
All other indices 10 : 1 (10%) 20 : 1 (5%)
Commodities (other than Gold) 10 : 1 (10%) 20 : 1 (5%)
Equities 5 : 1 (20%) 10 : 1 (10%)

These ESMA compliant leverage apply to all Professional customers. Leverage at position opening (Initial) Leverage after position opening (Maintenance)
Currencies 400 : 1 (0,25%) 800 : 1 (0,125%)
Commodities (other than Gold) 100 : 1 (1%) 200 : 1 (0,5%)
Equities 40 : 1 (2,5%) 80 : 1 (1,25%)

Conditions for selected indices

Conditions for selected indices
Commission free of charge
Minimum trading size 0.1 (mini)

Spreads *

Index Silver Gold Platinum
DAX 1 0.5 0.5
Dow 1 1 1
CAC 1 0.5 0.5
FTSE 1 0 0
SP500 0.5 0.25 0.25
Bund 0.02 0.01 0.01
Eurostoxx 2 1 1
NSDQ 0.5 0.25 0.25
Nikkei 10 5 5

* Die dargestellten Spreads sind die jeweils Kleinstmöglichen.

Conditions for selected FOREX pairs

Silver Gold Platinum Prof. Client
Commission (half-turn): Minimum trading size 2.5 / lot 0.01 (Micro) 1.2 / lot 0.01 (Micro) 1.2 / lot 0.01 (Micro) 1 / lot 0.01 (Micro)

Spreads in PIPS (regardless of account type)

Currency pair Variable from Typical
EURUSD 0 0.1
AUDUSD 0.6 0.7
EURGBP 0.5 0.7
EURJPY 0.5 0.7
GBPUSD 0.6 0.8
USDCAD 0.4 0.6
USDJPY 0.4 0.6

Conditions for share CFDs

Silver Gold Platinum Prof. Client
Commission (half-turn, regardless of number) 5.95 flat 2.95 flat free of charge free of charge
Minimum trading size 1 unit 1 unit 1 unit 1 unit
Widening spread 5 cent 4 cent 4 cent 4 cent
Dividends for long positions are paid out 100% via Swaps
Dividends for long positions are calculated 100% via Swaps

General Terms

  • Spreads are indicated in Value
  • Flat fee for single stock CFD`s – Standard 5.95 EURO and Gold 2.95 EURO
  • Fractional Pips: we offer clients fractional pips, that are up to 10 times more precise, to take advantage of smaller price movements.
  • We offer our clients institutional variable spreads. Only for standard accounts we take a small markup on those institutional spreads shown as "Spread difference" below.
  • Up to exceptions, we only accept customers of the following countries: Germany, Austria, Lichtenstein, Luxembourg, Netherlands, Switzerland

Please note that the indicative spreads as shown in the trading platforms are only relevant for top of the book. For ticket size greater than $1m, execution spreads can get significantly widened by two or three times.

Expiry contracts will not automatically be rolled to the new contracts.

Once a contract expires it will be manually closed as per the expiry rate provided by our Liquidity Provider.

Please note that the expiry rate in the Liquidity Provider can differ from the expiry rate as shown in the trading platform.

Accounts created under Fixed Spreads Groups can face rejections when trying to open/close trades in periods when the spread in the market is higher than the fixed spreads they have.

Take profit orders are sent as Fill-or-Kill (FOK) orders, meaning there is a chance not be executed, even when are triggered, due to low liquidly in the market at that rate at that time or due to reaching that rate only for some milliseconds which was not enough to fill the order. Therefore, if the order will not be able to get fully filled when is triggered, then it will be rejected (Fill or Kill).

Swap charges and trading hours for each instrument can be found in the trading platforms. Please note that on certain day swaps charges are triple. If you need any further information on how to find them please feel free to contact us.

Call Trading:

If for any reason a trader wishes to perform a trade and is unable to do so we offer our clients the option of call trading.

Call trading is available only during normal working hours (09:00 – 17:00 GMT+2) and certain security questions would be asked in order to verify the identity of the client.

These questions include:

  • Account ID
  • Full name
  • Password

Our trading desk number is +357.25.254422 (extension 512, 514, 505)

Some examples to better illustrate what the trading conditions mean is provided below.

Assume the commission on EURUSD is $10 per lot and the Roll charge for EURUSD is:

Long = -0.00009 Short = 0.00002.

I opened a 50,000 EURUSD short position on Monday and closed it on Wednesday. If 1 lot = 100,000 then the commission I paid in total for opening/closing this trade is $5.

Also, for this trade I received $2 as rollovers which are calculated as the trade size multiplied by the roll charge (short in this case) multiplied by the nights the trade is open (50,000 * 0.00002 * 2).

Please note that for most Forex, triple swaps are paid on Wednesdays. For more information, please check the specifications of each instrument in the trading platform.

The spreads mentioned in the trading conditions represent the difference between the Bid and the Ask price.

1) Dividends of shares are received/paid via swaps.

Assuming I have an open position on share X, and on a specific date, X would distribute $0.50 as dividend, this amount would be received/paid through swaps on the ex-dividend date.

For example,

I have 100 shares of stock X of $500 each share. That stock will distribute $1 dividend per share.

Assuming I have an open buy position, on the ex-dividend date I will receive $100 as swaps.

Assuming I have an open sell position, on the ex-dividend date I will pay $100 as swaps.

2) Profit & Loss

Assuming I have a EUR account with a balance of EUR 10,000.

I open a BUY position of 1 lot EURUSD at 1.18000 and close it at 1.18100. I gain 10 pips.

Therefore my profit is 100,000 * 0.0010 = $100, which is translated in (100 / 1.1810 =) 84.67 euro.

Therefore, my new balance will be 10,084.67 euro.

Assuming I have a USD account with a balance of $10,000.

I open a BUY position of 1 lot EURUSD at 1.18000 and close it at 1.17900. I lost 10 pips.

Therefore my loss is 100,000 * 0.0010 = $100.

Therefore, my new balance will be $9,900.

Trading in Forex and CFDs could lead to loss of all your invested capital.

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