FX MMA TRADER
Instrument Fixed Spread (Pips) Leverage Margin Minimum Nominal Trade Size Overnight Interest (annual) – Sell Overnight Interest (annual) – Buy Trading hours (GMT) Expiration Exchange
(Under normal market conditions)
AUD/CAD 8 200:1 0.50% 5,000 -2.50% 0.20% 24/5 N/A N/A
AUD/CHF 8 200:1 0.50% 5,000 -3.85% 1.53% 24/5 N/A N/A
AUD/JPY 5 200:1 0.50% 5,000 -3.15% -1.80% 24/5 N/A N/A
AUD/NZD 12 200:1 0.50% 5,000 -0.50% 0.38% 24/5 N/A N/A
AUD/USD 4 200:1 0.50% 5,000 -2.71% 0.23% 24/5 N/A N/A
CAD/CHF 8 200:1 0.50% 5,000 -2.45% -0.47% 24/5 N/A N/A
CAD/JPY 6 200:1 0.50% 5,000 -1.75% -3.10% 24/5 N/A N/A
CHF/HUF 75 200:1 0.50% 5,000 0.78% -1.82% 24/5 N/A N/A
CHF/JPY 5 200:1 0.50% 5,000 -0.43% -3.47% 24/5 N/A N/A
EUR/AUD 8 200:1 0.50% 5,000 1.14% -2.07% 24/5 N/A N/A
EUR/CAD 9 200:1 0.50% 5,000 -0.16% -0.74% 24/5 N/A N/A
EUR/CHF 4 200:1 0.50% 5,000 -1.51% -0.62% 24/5 N/A N/A
EUR/DKK 30 200:1 0.50% 5,000 -1.76% -2.00% 24/5 N/A N/A
EUR/GBP 3 200:1 0.50% 5,000 -0.25% -2.72% 24/5 N/A N/A
EUR/HUF 75 200:1 0.50% 5,000 0.39% -1.44% 24/5 N/A N/A
EUR/JPY 4 200:1 0.50% 5,000 -0.81% -2.22% 24/5 N/A N/A
EUR/NOK 40 200:1 0.50% 5,000 -0.91% -4.07% 24/5 N/A N/A
EUR/NZD 12 200:1 0.50% 5,000 1.84% -3.02% 24/5 N/A N/A
EUR/PLN 50 200:1 0.50% 5,000 0.64% -13.52% 24/5 N/A N/A
EUR/RUB 0.30 Ruble 20:1 5.00% 5,000 3.39% -1.12% 07:00-16:00 GMT N/A N/A
EUR/SEK 50 200:1 0.50% 5,000 -1.26% -12.67% 24/5 N/A N/A
EUR/TRY 20 200:1 0.50% 5,000 4.04% -1.88% 24/5 N/A N/A
EUR/USD 3 200:1 0.50% 5,000 -0.37% -9.37% 24/5 N/A N/A
EUR/ZAR 250 200:1 0.50% 5,000 4.74% -2.59% 24/5 N/A N/A
GBP/AUD 10 200:1 0.50% 5,000 0.27% -1.19% 24/5 N/A N/A
GBP/CAD 9 200:1 0.50% 5,000 -1.03% 0.13% 24/5 N/A N/A
GBP/CHF 7 200:1 0.50% 5,000 -2.38% -1.84% 24/5 N/A N/A
GBP/HUF 85 200:1 0.50% 5,000 -0.48% -0.56% 24/5 N/A N/A
GBP/JPY 7 200:1 0.50% 5,000 -1.69% -3.19% 24/5 N/A N/A
GBP/NZD 15 200:1 0.50% 5,000 0.97% -0.24% 24/5 N/A N/A
GBP/SEK 50 200:1 0.50% 5,000 -2.13% -1.64% 24/5 N/A N/A
GBP/SGD 25 200:1 0.50% 5,000 -0.68% -1.01% 24/5 N/A N/A
GBP/USD 4 200:1 0.50% 5,000 -1.24% 0.90% 24/5 N/A N/A
NZD/CAD 8 200:1 0.50% 5,000 -3.10% 2.23% 24/5 N/A N/A
NZD/CHF 8 200:1 0.50% 5,000 -4.45% 1.53% 24/5 N/A N/A
NZD/JPY 7 200:1 0.50% 5,000 -3.75% 1.08% 24/5 N/A N/A
NZD/USD 5 200:1 0.50% 5,000 -3.31% -1.31% 24/5 N/A N/A
USD/CAD 4 200:1 0.50% 5,000 -0.92% 0.02% 24/5 N/A N/A
USD/CHF 4 200:1 0.50% 5,000 -2.27% -2.89% 24/5 N/A N/A
USD/CNY* 50 50:1 2.00% 5,000 -2.46% 0.14% 24/5 N/A *CNY = CNH - Offshore Chinese Renminbi
USD/DKK 20 200:1 0.50% 5,000 -2.52% -1.96% 24/5 N/A N/A
USD/HUF 75 200:1 0.50% 5,000 -0.37% -0.68% 24/5 N/A N/A
USD/JPY 3 200:1 0.50% 5,000 -1.57% -5.51% 24/5 N/A N/A
USD/MXN 100 200:1 0.50% 5,000 2.38% -1.46% 24/5 N/A N/A
USD/NOK 50 200:1 0.50% 5,000 -1.67% -2.26% 24/5 N/A N/A
USD/PLN 45 200:1 0.50% 5,000 -0.12% -12.76% 24/5 N/A N/A
USD/RUB 0.25 Ruble 20:1 5.00% 5,000 2.63% -0.36% 07:00-16:00 GMT N/A N/A
USD/SEK 50 200:1 0.50% 5,000 -2.02% -1.76% 24/5 N/A N/A
USD/SGD 8 200:1 0.50% 5,000 -0.57% -11.91% 24/5 N/A N/A
USD/TRY 20 200:1 0.50% 5,000 3.28% -8.61% 24/5 N/A N/A
USD/ZAR 120 200:1 0.50% 5,000 3.98% -0.86% 24/5 N/A N/A
USD/ILS 35 100:1 1.00% 5,000 -1.27% -1.62% 05:30-14:59 (Fri til 10:29) N/A N/A
EUR/ILS 50 100:1 1.00% 5,000 -0.51% -0.74% 05:30-14:59 (Fri til 10:29) N/A N/A
GBP/ILS 80 100:1 1.00% 5,000 -1.38% -1.22% 05:30-14:59 (Fri til 10:29) N/A N/A
NOK/JPY 30 25:1 4.00% 5,000 -1.90% 4.43% 24/5 N/A N/A
ZAR/JPY 40 25:1 4.00% 5,000 -9.05% 0.33% 24/5 N/A N/A
PLN/JPY 70 25:1 4.00% 5,000 -2.70% -1.57% 24/5 N/A N/A
SEK/JPY 30 25:1 4.00% 5,000 -0.80% 3.73% 24/5 N/A N/A
TRY/JPY 10 25:1 4.00% 5,000 -12.35% -5.00% 24/5 N/A N/A
ETHEREUM $0.20 over market 10:1 10% 1 -5.00% -5.00% 24/5 N/A POLONIEX
BITCOIN Weekly* $2.00 over market 20:1 5% 1.00 -5.00% -5.00% 24/5 Weekly - Friday @ 20:00 GMT BTC-e
BITCOIN Mini** $2.00 over market 4:1 25% 0.10 -5.00% -5.00% 24/5 N/A BTC-e
LITECOIN Weekly* $0.05 over market 10:1 10% 10.00 -5.00% -5.00% 24/5 Weekly - Friday @ 20:00 GMT BTC-e
LITECOIN Mini** $0.05 over market 1:1 100% 1.00 -5.00% -5.00% 24/5 N/A BTC-e
Instrument Country Currency Spread Minimum Trade Size Margin Increment Overnight Interest (annual) – Sell Overnight Interest (annual) – Sell Trading hours (GMT) Qouted Months Exchange Units
5 Year US T-NOTES US USD 0.03 Over Market 10 1.00% 0.01 -1.0% -1.0% 22:00-20:59 Mar, Jun, Sep, Dec CBOT Bonds
10 Year US T-NOTES US USD 0.03 Over Market 10 1.00% 0.01 -1.0% -1.0% 22:00-20:59 Mar, Jun, Sep, Dec CBOT Bonds
30 Year US T-BOND US USD 0.03 Over Market 10 1.00% 0.01 -1.0% -1.0% 22:00-20:59 Mar, Jun, Sep, Dec CBOT Bonds
EURO-BUND EUR EUR 0.03 Over Market 10 1.00% 0.01 -1.0% -1.0% 06:00-19:59 Mar, Jun, Sep, Dec CBOT Bonds
JAPAN GOVT BOND JP JPY 0.06 Over Market 1,000 -21.00% 0.01 -1.0% -1.0% 23:45-09:09 & 10:30-17:59 Mar, Jun, Sep, Dec SGX - Singapore Derivatives Exchange Bonds
Instrument Currency Spread Minimum Trade Size Margin Increment Overnight Interest (annual) – Sell Overnight Interest (annual) – Buy Trading hours (GMT) Qouted Months Exchange Units
Crude Oil USD $0.03 10 1.00% 0.01 -1.5% -1.5% 22:00-20:59 Monthly NYMEX Barrel
Gold USD $0.60 5 0.50% 0.01 -1.5% -1.5% 22:00-20:59 None - Spot Market #NA Troy Oz
Silver USD $0.05 500 2.00% 0.001 -1.5% -1.5% 22:00-20:59 None - Spot Market #NA Troy Oz
Platinum USD $0.50 Over Market 5 2.00% 0.01 -1.0% -1.0% 22:00-20:59 Jan, Apr, Jul, Oct NYMEX Troy Oz
Corn USD $0.25 Over Market 1 3.00% 0.25 -1.0% -1.0% 00:00-12
:44 & 13:30-18:14
Mar, May, Jul, Sep, Dec CBOT Bushels (100)
Soybeans USD $1.00 Over Market 1 3.00% 0.25 -1.0% -1.0% 00:00-12
:44 & 13:30-18:14
Jan, Mar, May,  Jul, Aug, Sep, Nov CBOT Bushels (100)
Wheat USD $0.25 Over Market 1 3.00% 0.25 -1.0% -1.0% 00:00-12
:44 & 13:30-18:14
Mar, May, Jul, Sep, Dec CBOT Bushels (100)
Natural Gas USD $0.003 Over Market 100 2.00% 0.001 -1.0% -1.0% 22:00-20:59 Monthly NYMEX mmBtu
Heating Oil USD $0.002 Over Market 1000 2.00% 0.0001 -1.0% -1.0% 22:00-20:59 Monthly NYMEX Gallons
Gasoline USD $0.0015 Over Market 1000 2.00% 0.0001 -1.0% -1.0% 22:00-20:59 Monthly NYMEX Gallons
Coffee C USD $0.10 Over Market 10 3.00% 0.05 -1.0% -1.0% 08:15-17:29 Mar, May, Jul, Sep, Dec ICE US lbs (100)
Sugar no. 11 USD $0.02 Over Market 100 3.00% 0.01 -1.0% -1.0% 07:30-16:59 Mar, May, Jul, Oct, Dec ICE US lbs (100)
Cotton no. 2 USD $0.05 Over Market 10 3.00% 0.01 -1.0% -1.0% 01:00-18:19 Mar, May, Jul, Oct, Dec ICE US lbs (100)
Brent Oil USD $0.03 Over Market 10 1.00% 0.01 -1.0% -1.0% 00:00-21:59 Monthly ICE EUROPE Barrel
Palladium USD $0.50 Over Market 1 2.00% 0.05 -1.0% -1.0% 22:00-20:59 Mar, Jun, Sept, Dec NYMEX Troy Oz
Cocoa USD $8.00 Over Market 1 2.00% 1.00 -1.0% -1.0% 08:45-17:29 Mar, May, Jul, Sep, Dec ICE US Metric Ton
Copper USD $0.006 Over Market 100 2.00% 0.0005 -1.0% -1.0% 22:00-20:59 Monthly (not all months are liquid) COMEX lbs (100)
Instrument Country Currency Spread Minimum Trade Size Leverage Margin Increment Overnight Interest (daily) – Sell Overnight Interest (daily) – Buy Trading hours (GMT) Qouted Months Exchange
S&P500 US USD 0.25 Over Market 1 200:1 0.50% 0.25 -0.0028% -0.0028% 23:00-21:14 & 21:30-21:59 Mar, Jun, Sep, Dec CME
NASDAQ 100 US USD 1.00 Over Market 1 200:1 0.50% 0.25 -0.0028% -0.0028% 23:00-21:14 & 21:30-21:59 Mar, Jun, Sep, Dec CME
DJ 30 US USD 3.00 Over Market 0.10 200:1 0.50% 1.00 -0.0028% -0.0028% 23:00-21:14 & 21:30-21:59 Mar, Jun, Sep, Dec CBOT
CAC 40 France EUR 1.00 Over Market 1 50:1 2.00% 0.50 -0.0028% -0.0028% 07:00-20:59 Monthly (not all months are liquid) Euronext
DAX 30 Germany EUR 1.50 Over Market 0.10 50:1 2.00% 0.50 -0.0028% -0.0028% 07:00-20:59 Mar, Jun, Sep, Dec EUREX
FTSE 100 UK GBP 1.00 Over Market 0.10 50:1 20% 0.50 -0.0028% -0.0028% 01:00-20:59 Mar, Jun, Sep, Dec ICE EUROPE
FTSEMIB Italy EUR 10.00 Over Market 0.10 50:1 2.00% 5.00 -0.0028% -0.0028% 08:00-16:39 Mar, Jun, Sep, Dec Borsa Italiana (Italian Derivatives Exchange)
RUSSELL2000 US USD 0.30 Over Market 1 50:1 2.00% 0.10 -0.0028% -0.0028% 01:00-22:59 Mar, Jun, Sep, Dec ICE US
DJ EURO STOXX50 EU EUR 1.00 Over Market 1 50:1 2.00% 1.00 -0.0028% -0.0028% 07:00-20:59 Mar, Jun, Sep, Dec EUREX
SMI Switzerland CHF 2.00 Over Market 1 50:1 2.00% 1.00 -0.0028% -0.0028% 07:00-20:59 Mar, Jun, Sep, Dec EUREX
MSCI Taiwan USD 0.10 Over Market 10 50:1 2.00% 0.10 -0.0028% -0.0028% 00:45-05:44 & 06:35-17:59 Monthly SGX - Singapore Derivatives Exchange
NIKKEI225 Japan JPY 15.00 Over Market 100 50:1 2.00% 0.50 -0.0028% -0.0028% 23:45-06:24 & 07:15-17:59 Mar, Jun, Sep, Dec SGX - Singapore Derivatives Exchange
IBEX 35 Spain EUR 2.00 Over Market 1 50:1 2.00% 1.00 -0.0028% -0.0028% 08:00-18:59 Monthly MEFF
HSI Hong Kong HKD 10.00 Over Market 1 50:1 2.00% 1.00 -0.0028% -0.0028% 01:15-03:59 & 05:00-08:29 & 09:15-17:45 Monthly Hong Kong Futures Exchange
OMX30 Sweden SEK 0.50 Over Market 10 50:1 2.00% 0.25 -0.0028% -0.0028% 08:00-16:24 Monthly OMX Nordic Derivatives
SPI 200 Australia AUD 2.00 Over Market 1 50:1 2.00% 1.00 -0.0028% -0.0028% 23:50-06:29 & 07:10-21:59 Mar, Jun, Sep, Dec Sydney Futures Exchange
DOLLAR INDEX US USD 0.05 Over Market 10 50:1 2.00% 0.005 -0.0028% -0.0028% 01:00-21:59 Mar, Jun, Sep, Dec ICE US
AEX Netherlands EUR 0.10 Over Market 1 50:1 2.00% 0.05 -0.0028% -0.0028% 07:00-20:59 Monthly Euronext
CHINA A50 China USD 10.00 Over Market 1 50:1 2.00% 2.50 -0.0028% -0.0028% 01:00-07:54 & 08:40-17:59 Monthly SGX - Singapore Derivatives Exchange
Instrument Region / Country Currency Spread Minimum Trade Size Margin Increment Overnight Interest (annual) – Sell Overnight Interest (annual) – Buy Trading hours (GMT) Exchange Units Description
Financial Select Sector SPDR US USD 0.04 Over Market 10 5.00% 0.01 -2.5% -2.5% 13:30-19:59 NYSE Arca Share
The index includes companies from the following industries: diversified financial services; insurance; commercial banks; capital markets; real estate investment trusts; thrift & mortgage finance; consumer finance; and real estate management & development
MSCI Emerging Markets Index Fund Broad USD 0.04 Over Market 10 5.00% 0.01 -2.5% -2.5% 13:30-19:59 NYSE Arca Share
The index measures the performance of the emerging market stocks
S&P 500 VIX Short-Term Futures ETN US USD 0.04 Over Market 10 5.00% 0.01 -2.5% -2.5% 13:30-19:59 NYSE Arca Share
The index offers exposure to a daily rolling long position in the first and second month VIX futures contracts and reflects the implied volatility of the S&P 500 Index at various points along the volatility forward curve. The index futures roll continuously throughout each month from the first month VIX futures contract into the second month VIX futures contract
MSCI EAFE Index Fund EAFE USD 0.04 Over Market 10 5.00% 0.01 -2.5% -2.5% 13:30-19:59 NYSE Arca Share
The index measures the performance of equity markets in European, Australasian, and Far Eastern markets.
MSCI Brazil Index Fund Brazil USD 0.04 Over Market 10 5.00% 0.01 -2.5% -2.5% 13:30-19:59 NYSE Arca Share
The index measures the performance of the Brazilian equity market.
Energy Select Sector SPDR US USD 0.04 Over Market 10 5.00% 0.01 -2.5% -2.5% 13:30-19:59 NYSE Arca Share
The Energy Select Sector Index includes companies from the following industries: oil, gas & consumable fuels and energy equipment & services.
Market Vectors TR Gold Miners Broad USD 0.04 Over Market 10 5.00% 0.01 -2.5% -2.5% 13:30-19:59 NYSE Arca Share
The Index provides exposure to publicly traded companies worldwide involved primarily in the mining for gold, representing a diversified blend of small-, mid- and large- capitalization stocks.
Materials Select Sector SPDR US USD 0.04 Over Market 10 5.00% 0.01 -2.5% -2.5% 13:30-19:59 NYSE Arca Share
The Materials Select Sector Index includes companies from the following industries: chemicals; metals & mining; paper & forest products; containers & packaging; and construction materials.
Dow Jones U.S. Real Estate Index Fund US USD 0.04 Over Market 10 5.00% 0.01 -2.5% -2.5% 13:30-19:59 NYSE Arca Share
The index measures the performance of the real estate industry of the U.S. equity market.
MSCI South Korea Index Fund South Korea USD 0.04 Over Market 10 5.00% 0.01 -2.5% -2.5% 13:30-19:59 NYSE Arca Share
The index measures the performance of the South Korean equity market
MSCI Canada Index Fund Canada USD 0.04 Over Market 10 5.00% 0.01 -2.5% -2.5% 13:30-19:59 NYSE Arca Share
The index measures the performance of the Canadian equity market.
Dow Jones U.S. Home Construction Index Fund US USD 0.04 Over Market 10 5.00% 0.01 -2.5% -2.5% 13:30-19:59 NYSE Arca Share
The index measures the performance of the home construction sector of the U.S. equity market.
FTSE China 25 Index Fund China USD 0.04 Over Market 10 5.00% 0.01 -2.5% -2.5% 13:30-19:59 NYSE Arca Share
The index measures the performance of the largest companies in the China equity market.
MSCI Taiwan Index Fund Taiwan USD 0.04 Over Market 10 5.00% 0.01 -2.5% -2.5% 13:30-19:59 NYSE Arca Share
The index measures the performance of the Taiwanese equity market.
MSCI Germany Index Fund Germany USD 0.04 Over Market 10 5.00% 0.01 -2.5% -2.5% 13:30-19:59 NYSE Arca Share
The index measures the performance of the German equity market.
MSCI Hong Kong Index Fund Hong Kong USD 0.04 Over Market 10 5.00% 0.01 -2.5% -2.5% 13:30-19:59 NYSE Arca Share
The index measures the performance of the Hong Kong equity market.
India Earnings Fund India USD 0.04 Over Market 10 5.00% 0.01 -2.5% -2.5% 13:30-19:59 NYSE Arca Share
The WisdomTree India Earnings Index is a fundamentally weighted index that measures the performance of companies incorporated and traded in India that are profitable and that are eligible to be purchased by foreign investors as of the index measurement date.
MSCI Mexico Index Fund Mexico USD 0.04 Over Market 10 5.00% 0.01 -2.5% -2.5% 13:30-19:59 NYSE Arca Share
The index measures the performance of the Mexican equity market.
MSCI Australia Index Fund Australia USD 0.04 Over Market 10 5.00% 0.01 -2.5% -2.5% 13:30-19:59 NYSE Arca Share
The index measures the performance of the Australian equity market.
MSCI Singapore Index Fund Singapore USD 0.04 Over Market 10 5.00% 0.01 -2.5% -2.5% 13:30-19:59 NYSE Arca Share
The index measures the performance of the Singaporean equity market.
MSCI Malaysia Index Fund Malaysia USD 0.04 Over Market 10 5.00% 0.01 -2.5% -2.5% 13:30-19:59 NYSE Arca Share
The index measures the performance of the Malaysian equity market.

Explanation of Terms: *from table headings

  • Instrument – The FX currency pair or underlying asset of the CFD product to be traded.
  • Country – The country that the equity or bond is based in.
  • Lot size – The lot size traded on each platform (Note: MMA Forex Trader lot sizes represent the minimum lot size tradable. MT4 represents the standard lot size).
  • Standard Spread – The difference between the BID & the ASK price quote for each instrument under normal market conditions.
  • Leverage – The usage of margin to trade on a larger capital base. Leverage can significantly increase your losses as well as your gains.
  • Margin Per Lot – The required margin to open a single lot of each instrument (Note: It is shown in notional terms).
  • Increment – The minimum increment of price movement for each instrument.
  • Overnight Interest Sell/Buy – The overnight interest debited/credited in annual % terms for each instrument.
  • Trading Time – The time that trading is available for the specified instrument.
  • Quoted Months – The months of the futures contracts that MMA Forex Trade quotes on its platforms.
  • Exchange – The exchange of the underlying asset.
  • Units – The unit that each lot size is quoted in.

Risk Warning:

Trading CFD’s on margin carries a high level of risk, and may not be suitable for all investors.

TRADING CHARGES:

All trading performed on this website/platform shall be subject to the following potential charges:

  • SPREADS
  • OVERNIGHT INTEREST
  • MATURITY ROLLOVER
  • CORPORATE ACTIONS
  • INACTIVITY FEE

See below for detailed calculations for each instrument type charge:

TRADING CONDITIONS:

  • Spreads:

    1. All Spreads are Over Market.
    2. FX Standard Spreads are as stated under Normal Market Conditions.
    3. Gold & Silver spreads may be wider than stated from approx 22:00 – 02:00 GMT.
    4. Crude & Brent Oil spreads may be wider than stated from approx 22:00 – 05:00 GMT.
    5. Crude Oil & Natural Gas spreads may be wider during Weekly Inventories.
    6. 1 PIP FX Pairs = 0.0001; 1 PIP JPY FX Pairs = 0.01.
    7. FX Floating: Typical Spreads are an indication only and may widen due to volatile market conditions
    8. FX Floating: Typical Spreads are derived from the median value of the respective spreads during trading hours (07.00-18.00 GMT) from a previous quarter.
    9. FX Option Spreads show typical bid-offer spreads for 1-month at-the-money options under normal market conditions.
    10. FX Options can be traded online up to 24 hours prior to their expiration.
    11. FX Options expire at the times indicated in the platform, which correspond to 10:00am New York time.
    12. All FX Options are European style vanilla options. At expiration, all in-the-money options will be automatically closed at intrinsic value.
  • Overnight Interest Rates:

    1. All Overnight Interest Rates are indicative and subject to change.
    2. MT4 FX, Gold & Silver Positions: Saturday/Sunday Overnight Interest will be Debited/Credited on the Wednesday before.
    3. MT4 Non-FX (excl. Gold & Silver) Positions: Saturday/Sunday Overnight Interest will be Debited/Credited on the Friday before.
  • Margin:

    1. Margin requirements can increase based on position size.
  • Trading Times:

    1. Trading platforms may open or close a few minutes after or prior to the listed times. This is dependent on the individual exchanges that the contracts are traded on.
    2. Trading Hours may change due to Daylight Savings Time.
  • Maximum Trades/Orders:

    1. MetaTrader accounts are limited to a maximum of 500 open trades/pending orders (combined total) at any one time.
    2. MetaTrader Minimum Nominal Trade Size = 0.01.
  • Bitcoin / Litecoin:

    1. *Bitcoin Weekly & *Litecoin Weekly – Expire Weekly. Every Week All OPEN positions WILL be CLOSED at market rate every Friday @ 21.00 GMT.
    2. **Bitcoin Mini & **Litecoin Mini – No trading available over the weekend; No Expire
  • Your access to and use of the website and/or platform constitutes your acceptance of these Trading Conditions and any other legal notices and statements contained on same. MMA Forex may modify these Trading Conditions at any time and without prior notice. Your continued access to and use of the website and/or platform constitutes your acceptance of these Trading Conditions as modified.
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FX FIXED (3)

All Instruments are traded on Margin allowing you to Leverage your positions. The FX FixedTrading Conditions display both Margin & Leverage Amounts; Margin is displayed as a Percentage (%) while Leverage is displayed as a Ratio.

Percentage Margin Formula: Trade Size x Margin (%) = Margin Required in Primary Currency*

Leverage Margin Formula: Trade Size / Leverage = Margin Required in Primary Currency*

*Primary Currency is the First Currency quoted in an FX pair (CUR1/CUR2: USD/JPY, EUR/USD, etc.)

Example 
For a 1,000 EUR/USD Trade, with a Margin Requirement of 0.50% or Leverage of 200:1, the calculation are as follows:

Percentage Margin Requirement: 1,000 x 0.005 = €5.00

Leverage Margin Requirement: 1,000 / 200 = €5.00

The FX Fixed Trading Conditions display the Over-Night (O/N) Interest Rates Charged/Paid on a 360 day basis for holding a position open past our End of Day time. These rates are displayed in the "Overnight Interest - Buy" and “Overnight Interest - Sell" columns. End of Day is 22:00 GMT except during Daylight Savings when it changes to 21:00 GMT. You can use the following formula to calculate your Overnight Interest amount: Trade Amount x Overnight Interest x Number of days = Overnight Interest Charged/Paid*                                           360 Days *Overnight Interest Charged/Paid will be calculated in the Primary Currency; Primary Currency is the First Currency quoted in an FX pair (CUR1/CUR2: USD/JPY, EUR/USD, etc.)
Example 
For a 1,000 EUR/USD Trade, with a an Overnight Interest Buy (or Sell) rate of -1.00% and subject to a charge for 1 day, the calculation is as follows:

(1,000 x -0.01 x 1)/360 = -10/360 = -0.02778 = -€0.03* rounded

COMMODITY MATURITIES AND ROLLOVERS (4)

All Instruments are traded on Margin allowing you to Leverage your positions. The CommoditiesTrading Conditions display Margin Amounts as a Percentage (%).

Percentage Margin Formula: Position Size x Current Price x Margin (%) = Margin Required*

* Margin Required is calculated in the Currency the Instrument is Denominated in.

Example 
For a 10 barrel Crude Oil Trade, with a Market Price of $98.00 and a Margin Requirement of 1.00%, the calculation is as follows:

Percentage Margin Requirement: 10 x 98 x 0.01 = $9.80*

The Commodities Trading Conditions display the Over-Night (O/N) Interest Rates Charged/Paid on a 360 day basis for holding a position open past the End of Day time. These are displayed in the "Overnight Interest - Buy" and “Overnight Interest - Sell" columns. End of Day is 22:00 GMT except during Daylight Savings when it changes to 21:00 GMT.

You can use the following formula to calculate your Overnight Interest amount:

Trade Size x Current Market Price x Overnight Interest x Number of days 360 Days

*Overnight Interest Charged/Paid is calculated in the Currency the Instrument is Denominated in.

Example 
For a 10 barrel Crude Oil Trade, with a Market Price of $98.00 and an Overnight Interest Buy (or Sell) rate of -0.20%, and subject to a charge for 1 day, the calculation is as follows:

(10 x 98.00 x -0.002 x 1)/360 = -1.96/360 = -0.005444 = -$0.01* rounded.

MMA FOREX quotes futures contracts on many of its non-FX instruments; specified under the "Quoted Months" column of the Trading Conditions for that Instrument. When a Futures Contract approaches its Expiry Date or First Notice Date MMA FOREX will Rollover all Open Positions to the next Tradable Contract at the time specified in the CFD Rollover Dates section of our website. Clients with Open Positions who do not wish to have their positions Rolled Over into the Next Contract should close their positions before the Scheduled Rollover. MMA FOREX adjusts accounts with Open Positions in Maturing Instruments to ensure Clients do not Gain/Lose due to differences in Price between Old & New contracts. Clients will incur costs in relation to the Spread Cost in closing the Old contract and Opening the New Contract and a Standard Overnight Interest charge. To Calculate the Rollover MMA FOREX takes a MID Rate for the Old Contract (Current Traded Contract) and the New Contract (Next Tradable Contract) at exactly the same time before the contract closes for trading. We then calculate the Difference in Price between Contracts, adjust this for our Spread and Overnight Interest Costs, and the resulting amount is either Credited or Debited to the clients account via Overnight Interest. Note: There are NO other costs incurred by Clients involved in the rolling over of Futures Contracts. Formula used by MMA FOREX for calculating a Rollover Charge:
(Amount x (New Contract Price - Old Contract Price)) + (Spread Costs*) + (Overnight-Interest Costs)

*Spread Costs are calculated based on Market Spreads at the time of the Rollover Calculation.

General Rule of Thumb:

New Price < Old Price = Credit for Long Positions / Debit for Short Positions New Price > Old Price = Debit for Long Positions / Credit for Short Positions
Example 

For a 10 barrel Crude Oil Trade, with a Market Price of $98.50 and a Difference in Contracts of +50 Pips ($0.50), the calculation is as follows:

Long Position: (10 x -0.50) + (-0.04 x 10) + ((10 x 98.50 x -0.002 x 1)/360)) = -5.00 + (-0.40) + (-0.01) = -$5.41 Short Position: (10 x +0.50) + (-0.04 x 10) + ((10 x 98.50 x -0.002 x 1)/360)) = 5.00 + (-0.40) + (-0.01) = +$4.59

MMA Forex cannot provide Rollover Adjustment Information before the Adjustment occurs, if clients do not wish to incur a Rollover Adjustment please close Open Positions in Maturing Instruments before the Scheduled Rollover.

 

STOCK INDICES (4)

All Instruments are traded on Margin allowing you to Leverage your positions. The Stock Indices Trading Conditions display Margin Amounts as a Percentage (%). * Margin Required is calculated in the Currency the Instrument is Denominated in.
Example 
For a 1 Index S&P500 Trade, with a Market Price of $1400 and a Margin Requirement of 0.50%, the calculation is as follows:

Percentage Margin Requirement: 1 x 1, 400 x 0.005 = $7.00*

The Stock Indices Trading Conditions display the Over-Night (O/N) Interest Rates Charged/Paid on a 360 day basis for holding a position open past the End of Day time. These are displayed in the "Overnight Interest - Buy"and “Overnight Interest - Sell" columns. End of Day is 22:00 GMT except during Daylight Savings when it changes to 21:00 GMT. You can use the following formula to calculate your Overnight Interest amount:

Trade Size x Current Market Price x Overnight Interest x Number of day

  360 Days

*Overnight Interest Charged/Paid is calculated in the Currency the Instrument is Denominated in.

Example 
For a 1 Index S&P500 Trade, with a Market Price of $1400 and an Overnight Interest Buy (or Sell) rate of -0.50%, and subject to a charge for 1 day, the calculation is as follows:

(1 x 1,400 x -0.005 x 1)/360 = -7.00/360 = -0.01944 = -$0.02* rounded.

MMA FOREX quotes futures contracts on many of its non-FX instruments; specified under the "Quoted Months" column of the Trading Conditions for that Instrument. When a Futures Contract approaches its Expiry Date or First Notice Date MMA will Rollover all Open Positions to the next Tradable Contract at the time specified in the CFD Rollover Dates section of our website. Clients with Open Positions who do not wish to have their positions Rolled Over into the Next Contract should close their positions before the Scheduled Rollover. MMA Forex adjusts accounts with Open Positions in Maturing Instruments to ensure Clients do not Gain/Lose due to differences in Price between Old & New contracts. Clients will incur costs in relation to the Spread Cost in closing the Old contract and Opening the New Contract and a Standard Overnight Interest  charge. To Calculate the Rollover MMA takes a MID Rate for the Old Contract (Current Traded Contract) and the New Contract (Next Tradable Contract) at exactly the same time before the contract closes for trading. We then calculate the Difference in Price between Contracts, adjust this for our Spread and Overnight Interest Costs, and the resulting amount is either Credited or Debited to the clients account via Overnight Interest. Note: There are NO other costs incurred by Clients involved in the rolling over of Futures Contracts. Formula used by MMA FOREX for calculating a Rollover Charge:

(Amount x (New Contract Price - Old Contract Price)) + (Spread Costs*) + (Overnight Interest Costs)

*Spread Costs are calculated based on Market Spreads at the time of the Rollover Calculation.

General Rule of Thumb:
New Price < Old Price = Credit for Long Positions / Debit for Short Positions New Price > Old Price = Debit for Long Positions / Credit for Short Positions
Example 

For a 1 index S&P500 Trade, with a Market Price of $1425 and a Difference in Contracts of +2500 Pips ($25), the calculation is as follows:

Long Position: (1 x -25.00) + (-0.50 x 1) + ((1 x 1425 x -0.005 x 1)/360)) = -25.00 + (-0.50) + (-0.02) = -$25.52 Short Position: (1 x +25.00) + (-0.50 x 1) + ((1 x 1425 x -0.005 x 1)/360)) = 25.00 + (-0.50) + (-0.02) = +$24.48

MMA FOREX cannot provide Rollover Adjustment Information before the Adjustment occurs, if clients do not wish to incur a Rollover Adjustment please close Open Positions in Maturing Instruments before the Scheduled Rollover.

INDIVIDUAL EQUITIES (4)

All Instruments are traded on Margin allowing you to Leverage your positions. The Individual Equities Trading Conditions display Margin Amounts as a Percentage (%).

Percentage Margin Formula: Position Size x Current Price x Margin (%) = Margin Required*

*Margin Required is calculated in the Currency the Instrument is Denominated in.

MMA may double margin requirements on specific stocks prior to earnings release. This is a preventative measure to avoid clients with large exposures in the said equity, falling into negative equity.

Example 
For a trade of 1 APPLE share with a Market Price of $500 and a Margin Requirement of 5.00%, the calculation is as follows:

Percentage Margin Requirement: 1 x 500 x 0.05 = $25.00*

The Individual Equities Trading Conditions display the Over-Night Interest Rates Charged/Paid on a 360 day basis for holding a position open past the End of Day time. These are displayed in the "Overnight Interest - Buy" and “Overnight Interest - Sell" columns. End of Day is 22:00 GMT except during Daylight Savings when it changes to 21:00 GMT. You can use the following formula to calculate your Overnight Interest amount:
Trade Size x Current Market Price x Overnight Interest x Number of days 360 Days * Overnight Interest Charged/Paid is calculated in the Currency the Instrument is Denominated in.
Example 
For a trade of 1 APPLE share, with a Market Price of $500 and an Overnight Interest Buy (or Sell) rate of -2.55%, and subject to a charge for 1 day, the calculation is as follows:

(1 x 500 x -0.0255 x 1)/360 = -12.75/360 = -0.03542 = -$0.04* rounded.

Individual Equities may at some stage partake in a Corporate Action; these can include Dividends, Rights Issues, Stock/Reverse Splits, Mergers, Acquisitions, Takeovers etc. Dividends: For any individual equity on the MMA TRADER trading platforms that declares a dividend, MMA FOREX will make an Adjustment to every account that holds said equity, at the end of the cum-dividend day. This will be one day before the ex-dividend day. The adjustment made to accounts will be:
  1. Long Positions will be Credited with 90% of the Gross dividend.
    (Amount of Shares x Gross Dividend) x 0.90
  2. Short Positions will be Debited with 100% of the Gross dividend.
    (Amount of Shares x Gross Dividend) x -1
Note: There are no other costs to clients in relation to Dividends.
Example 
For a trade of 1 APPLE share, with a GROSS Div. of $1.00, the calculation is as follows: Long Position: (1 x 1.00) x 0.90 = 1.00 x 0.90 = +$0.90 Short Position: (1 x 1.00) x -1 = 1.00 x -1 = -$1.00 For ALL other Corporate Actions: Rights Issue, Stock/Reverse Splits, Mergers, Acquisitions, Takeovers etc, and as these actions can happen suddenly and without prior knowledge, Open Positions and Orders will be Closed/Removed at the end of the cum-action day at market price on the particular equity. Note: There are no costs to clients in relation to these other Corporate Actions.

BONDS (4)

All Instruments are traded on Margin allowing you to Leverage your positions. The Bonds Trading Conditions display Margin Amounts as a Percentage (%).

Percentage Margin Formula: Position Size x Current Price x Margin (%) = Margin Required*

* Margin Required is calculated in the Currency the Instrument is Denominated in.

Example 
For a trade of 10 Bonds on the 5 Year US T-NOTE, with a Market Price of $124.50 and a Margin Requirement of 1.00%, the calculation is as follows:

Percentage Margin Requirement: 10 x 124.50 x 0.01 = $12.45*

The Stock Indices Trading Conditions display the Over-Night (O/N) Interest Rates Charged/Paid on a 360 day basis for holding a position open past the End of Day time. These are displayed in the "Overnight Interest - Buy"and “Overnight Interest - Sell" columns. End of Day is 22:00 GMT except during Daylight Savings when it changes to 21:00 GMT. You can use the following formula to calculate your Overnight Interest amount: Trade Size x Current Market Price x Overnight Interest x Number of days 360 Days *Overnight Interest Charged/Paid is calculated in the Currency the Instrument is Denominated in.
Example 
For a 1 Index S&P500 Trade, with a Market Price of $1400 and an Overnight Interest Buy (or Sell) rate of -0.50%, and subject to a charge for 1 day, the calculation is as follows:

(1 x 1,400 x -0.005 x 1)/360 = -7.00/360 = -0.01944 = -$0.02* rounded.

MMA FOREX quotes futures contracts on many of its non–FX instruments; specified under the "Quoted Months" column of the Trading Conditions for that Instrument. When a Futures Contract approaches its Expiry Date or First Notice Date MMA FOREX will Rollover all Open Positions to the next Tradable Contract at the time specified in the CFD Rollover Dates section of our website. Clients with Open Positions who do not wish to have their positions Rolled Over into the Next Contract should close their positions before the Scheduled Rollover. MMA FOREX adjusts accounts with Open Positions in Maturing Instruments to ensure Clients do not Gain/Lose due to differences in Price between Old & New contracts. Clients will incur costs in relation to the Spread Cost in closing the Old contract and Opening the New Contract and a Standard Overnight Interest charge. To Calculate the Rollover MMA FOREX takes a MID Rate for the Old Contract (Current Traded Contract) and the New Contract (Next Tradable Contract) at exactly the same time before the contract closes for trading. We then calculate the Difference in Price between Contracts, adjust this for our Spread and Overnight Interest Costs, and the resulting amount is either Credited or Debited to the clients account via Overnight Interest. Note: There are NO other costs incurred by Clients involved in the rolling over of Futures Contracts. Formula used by MMA FOREX for calculating a Rollover Charge:

(Amount x (New Contract Price – Old Contract Price)) + (Spread Costs*) + (Overnight Interest Costs)

*Spread Costs are calculated based on Market Spreads at the time of the Rollover Calculation.

General Rule of Thumb:
New Price < Old Price = Credit for Long Positions / Debit for Short Positions New Price > Old Price = Debit for Long Positions / Credit for Short Positions
Example 

For a trade of 10 Bonds on the 5 Year US T-NOTE, with a Market Price of $124.68 and a Difference in Contracts of +18 Pips ($0.18), the calculation is as follows:

Long Position: (10 x -0.18) + (-0.05 x 10) + ((1 x 124.68 x -0.005 x 1)/360)) = -1.80 + (-0.50) + (-0.02) = -$2.32 Short Position: (10 x +0.18) + (-0.05 x 10) + ((1 x 124.68 x -0.005 x 1)/360)) = 1.80 + (-0.50) + (-0.02) = +$1.28

MMA FOREX cannot provide Rollover Adjustment Information before the Adjustment occurs, if clients do not wish to incur a Rollover Adjustment please close Open Positions in Maturing Instruments before the Scheduled Rollover.

 

EXCHANGE TRADE FUNDS (4)

All Instruments are traded on Margin allowing you to Leverage your positions. The Exchange Traded Funds Trading Conditions display Margin Amounts as a Percentage (%).

Percentage Margin Formula: Position Size x Current Price x Margin (%) = Margin Required*

* Margin Required is calculated in the Currency the Instrument is Denominated in.

Example 
For a trade of 10 Financial Select Sector SPDR shares, with a Market Price of $18.50 and a Margin Requirement of 5.00%, the calculation is as follows:

Percentage Margin Requirement: 10 x 18.50 x 0.05 = $9.25*

The Exchange Traded Funds Trading Conditions display the Over-Night (O/N) Interest Rates Charged/Paid on a 360 day basis for holding a position open past the End of Day time. These are displayed in the "Overnight Interest - Buy" and “Overnight Interest - Sell" columns. End of Day is 22:00 GMT except during Daylight Savings when it changes to 21:00 GMT. You can use the following formula to calculate your Overnight Interest amount:
Trade Size x Current Market Price x Overnight Interest x Number of days 360 Days *Overnight Interest Charged/Paid is calculated in the Currency the Instrument is Denominated in.
Example 
For a trade of 10 Financial Select Sector SPDR shares, with a Market Price of $18.50 and an Overnight Interest Buy (or Sell) rate of -2.855%, and subject to a charge for 1 day, the calculation is as follows:

(10 x 18.50 x -0.02855 x 1)/360 = -5.2818/360 = -0.01467 = -$0.01* rounded.

Exchange Traded Funds (ETF's) may at some stage partake in a Corporate Action; these can include Dividends, Rights Issues, Stock/Reverse Splits, etc. Dividends: For any ETF on the MMA FOREX trading platforms that declares a dividend, MMA FOREX will make an Adjustment to every account that holds said equity, at the end of the cum-dividend day. This will be one day before the ex-dividend day. The adjustment made to accounts will be:
  1. Long Positions will be Credited with 90% of the Gross dividend.
    (Amount of Shares x Gross Dividend) x 0.90
  2. Short Positions will be Debited with 100% of the Gross dividend.
    (Amount of Shares x Gross Dividend) x -1
Note: There are no other costs to clients in relation to Dividends.
Example 
For a trade of 10 Financial Select Sector SPDR shares, with a GROSS Div. of $1.00, the calculation is as follows: Long Position: (1 x 1.00) x 0.90 = 1.00 x 0.90 = +$0.90 Short Position: (1 x 1.00) x -1 = 1.00 x -1 = -$1.00 For ALL other Corporate Actions: Rights Issue, Stock/Reverse Splits, etc. and as these actions can happen suddenly and without prior knowledge, Open Positions and Orders will be Closed/Removed at the end of the cum-action day at market price on the particular equity. Note: There are no costs to clients in relation to these other Corporate Actions.

MMA OPTIONS (4)

The MMA-OPTIONS Trading Platform allows traders to buy and sell options on Instruments, typically FX pairs, as shown in the Trading Conditions. When purchasing an option, the cost of the option (also called the Option Premium) is deducted from the account cash balance, using free available cash. Free available cash is the cash balance that is in excess of the Required Margin. When selling an option, the cash proceeds of the sale are immediately credited to the account cash balance. If writing an option (selling an option short), any required margin must be met from free available cash. If the account does not have sufficient free available cash to meet the required margin, the trade will not be executed. Option Premium is quoted in Price of the Second Currency.

Option Premium Formula: Price x Trade Size = Cost in Secondary Currency*

*Secondary Currency is the Second Currency quoted in an FX pair (CUR1/CUR2: USD/JPY, EUR/USD, etc.)
Example
For a 10,000 EUR/USD CALL OPTION offered at 0.00560, the calculation is as follows: 0.00560 X 10,000 = USD 56.00 If the Account Currency is not the same as the Second Currency, the Option Premium will be immediately converted into the Account Currency at the prevailing spot rate, which can be found in the Open Positions window. MMA FOREX is a market maker and is therefore compensated through the Bid-Ask spread except when otherwise stated. MMA FOREX does not charge commissions on any trade
The MMAOptions platform calculates required margin according to the riskiness of the portfolio, applying standardized stresses to each currency pair using a system known as SPAN, for Standardized Portfolio Analysis.
We divide customer portfolios by currency pair, and evaluate portfolio values for each currency pair under 16 scenarios:
UNDERLYING PRICE VOLATILITY % OF RISK
1 Down Margin% Up 100%
2 Down Margin%  Down  100%
3 Down 2/3 Margin%  Up  100%
4 Down 2/3 Margin% Down  100%
5 Down 1/3 Margin% Up  100%
6 Down 1/3 Margin% Down  100%
7 Unchanged Up  100%
8 Unchanged Down  100%
9 Up 1/3 Margin%  Up  100%
10 Up 1/3 Margin%  Down 100%
11 Up 2/3 Margin%  Up 100%
12 Up 2/3 Margin%  Down  100%
13 Up Margin%  Up  100%
14 Up Margin%  Down  100%
15 Up 2 * Margin%  Unchanged  35%
16 Down 2 * Margin%  Unchanged  35%
Scenarios 1-14 evaluate the portfolio with volatilities higher and lower at seven spot levels. For a currency pair with a spot margin requirement of 1%, the spot levels are -1%, -.67%, -.33%, Unchanged, +.33%, +67%, and +1%.
Scenarios 15 and 16 move spot up and down by double the margin requirement (e.g. 2%), and take 35% of the observed portfolio change as risk. These scenarios are designed to capture risk of options that are further out of the money, without impacting margin for spot positions.
The greatest portfolio loss observed in these 16 scenarios is taken as margin for that currency pair. The sum of margin for each currency pair is the total Required Margin.
One may note that for a portfolio of spot positions, the margin under SPAN is equal to the Margin% times the total spot position, identical to most spot trading platforms, and neither implied volatilities nor scenarios 15 and 16 have any impact.
Each option’s implied volatility is moved up and down according to the following formula:
Vol Shift = Volatility Factor X Max( Implied Vol, Minimum Vol)
Implied Vol = the current mid-market implied volatility of the option Minimum Vol = 10%
Table of Volatility Factors:
Days to Expiration G10 EM
7 31% 41%
14 22% 29%
30 15% 20%
90 9% 12%
For example, a 2 week G10 option implied volatility is shifted +/- 22%, with a minimum move of 2.2 vol. For a 6 month option, vol is bumped +/- 9%, with minimum move of 0.9 vol.
The Volatility Factor normalizes volatility of volatility, as a 1 week option's implied volatility can move more drastically than can that of a 1 year option. Its math is as follows:
Volatility Factor = SQRT( 30/ADTE ) * Reserve ADTE = Days to Expiration, with minimum of 7 and maximum of 90. Reserve = 15% for G10 currency pairs, and 20% for pairs including one or more emerging market currencies.
The MMAOPTIONS Trading Conditions display the Over-Night (O/N) Interest Rates Charged/Paid on a 360 day basis for holding a spot position or other instrument open past our End of Day time. These rates are displayed in the "Overnight Interest - Buy" and “Overnight Interest - Sell" columns. End of Day is 22:00 GMT except during Daylight Savings when it changes to 21:00 GMT. Overnight Interest is not charged for any options positions. You can use the following formula to calculate your Overnight Interest amount using the published rates:

Trade amount x overnight interest rate x number of days = Interest Charged/Paid*

                                           360 Days

*Interest Charged/Paid will be calculated in the Primary Currency; Primary Currency is the First Currency quoted in an FX pair (CUR1/CUR2: USD/JPY, EUR/USD, etc.)
Example
For a 10,000 EUR/USD Trade, with a an Overnight Interest Buy (or Sell) rate of -1.00% and subject to a charge for 1 day, the calculation is as follows: (10,000 x -0.0100 x 1)/360 = -100/360 = -0.2778 = -€0.28* rounded