Условия онлайн-трейдинга

Минимальный размер сделки на MetaTrader = 0,01

Онлайн трейдинг выполняeтся на этом сайте / платформе и подлежит следующим торговым условиям:

  • Спреды:

    1. Все участки находятся над рынком.
    2. FX Стандартные спреды как указано в стандартных рыночных условиях.
    3. Спреды на серебро и золото могут быть шире, чем указано, примерно с 22:00 - 02:00 GMT.
    4. Спреды на нефть и на брент могут быть расширены, чем указано, примерно с 22:00 - 05:00 по Гринвичу.
    5. Спреды на нефть и природный газ могут быть расширены в ходе еженедельного запаса.
    6. пункт FX пары = 0,0001; 1 пункт Йена FX = 0,01.
    7. FX Плавающие: Типичные спреды ориентировочны и могут увеличиться из-за волатильных условий рынка
    8. FX Плавающие: Типичные спреды выводятся из средней стоимости соответствующих спредов во время торговых часов (07.00-18.00 мск) с предыдущим кварталом.
  • Ночные премии :

    1. Все премии являются ориентировочными и могут быть изменены.
    2. MT4 FX, позиции на золото и серебро : в субботу / воскресенье премии будут дебетированы / кредитованы до среды.
    3. MT4 Non-FX (включая золото и серебро) Позиции: суббота / воскресенье премии будут дебетированы / кредитованы перед пятницой
  • Маржа:

    1. Маржинальные требования могут увеличиться в зависимости от размера позиции размера.
  • Время торгов :

    1. Торговые платформы могут открываться или закрываться несколько раньше или позже указанного времени (разница в несколько минут). Это зависит от отдельных бирж к которым привязаны те или иные инструменты.
    2. часы торговли могут быть изменены из-за перехода на летнее время
  • Максимальные сделки / Ордера:

    1. MetaTrader счета ограничены максимум 500 открытыми торгами / отложенными ордерами (общей сложности) в любой момент времени.
  • FX Опции:

    1. Спреды показывают типичные покупки и продажи спредов в течение 1 месяца в деньгах, варианты в нормальных рыночных условиях.
    2. Опции могут быть проданы онлайн до 24 часов до истечения срока их действия.
    3. Опции истекают в указанное время на платформе, которые соответствуют 10:00 утра по нью-йоркскому времени.
    4. Все варианты в Европейском стиле. По истечении срока, все в деньгах, параметры будут автоматически закрыты по внутренней стоимости.
    5. Торговля опционами в настоящее время недоступна для клиентов ЕС.
  • Bitcoin / Litecoin:

    1. * Bitcoin Еженедельный & * Litecoin Еженедельный - срок действия еженедельный. Все открытые позиции будут закрыты по рыночной цене каждую пятницу в 21.00 по GMT. Каждый месяц в последний торговый день все открытые позиции будут закрыты по рыночной цене в 21.00 по GMT.
    2. **Bitcoin Мини & ** Litecoin Мини - Торги не доступны в выходные. Нет экспирации.

Ваш доступ и использование веб-сайта и / или платформы означает ваше согласие с торговыми условиями и любыми другими юридическими уведомлениями и заявлениями. Ava может изменить эти торговые условия в любое время и без предварительного уведомления. Ваш дальнейший доступ и использование веб-сайта и / или платформы означает ваше согласие с изменениями с торговых условиях.

Объяснение терминов:

  • Инструмент – валютная пара или базовый актив CFD - продукт, которым можно торговать.
  • Страна – страна акции или облигации основан дюймом.
  • Размер лота – единица измерения объема валюты. Для удобства обозначения объема в торговых терминалах, FX компании приняли лот, равным 100 000 единиц.
  • Спред – разница между ценами покупки и продажи - Бид (Bid) и Аск (Ask) - в двухсторонней валютной котировке.
  • Кредитное плечо – ставка кредита, предоставленного трейдеру брокером.
  • Маржа за лот – требуемая маржа для открытия одной партии каждого инструмента (Примечание: Как показано в условных терминах).
  • Приращение – Минимальный интервал движения цены для каждого инструмента.
  • Премиум покупка / продажа – премия взимается / кредитуется за лот за ночь для каждого инструмента.
  • Время торговли – описано выше.
  • Указанные месяца – это те месяцы , которые AvaTrade учитывает в платформе для контрактов на разницу.
  • Валюты – обмен базового актива.
  • Единица – это единица измерения размера лота .

The FX Standard Trading Conditions display the Standard Bid-Ask Spread (Pips) for FX Instruments unless otherwise stated. Standard Spreads are as stated under Normal Market Conditions. Spreads can widen depending on market conditions up to a maximum of Standard Spread x3 (Triple).

Spread Cost Formula: Spread x Trade Size = Spread Charge in Secondary Currency*

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

Example 1

For a 1,000 EUR/USD Trade, with a Spread of 3 pips (0.0003), the calculation is as follows:

0.0003 X 1,000 = $0.30*

*The $0.30 is a US Dollar amount as Pips are calculated in the Secondary Currency, in this example the USD is the Secondary Currency in the pair EUR/USD (EUR = Primary, USD = Secondary). If your account is denominated in a different currency the system will automatically convert this to the Currency of your Account using the Current Market Rate.

Example 2

For a 1,000 USD/JPY Trade, with a Spread of 4 pips (0.04), the calculation is as follows:

0.04 X 1,000 = ¥40.00*

*The ¥40.00 is a Japanese Yen amount as Pips are calculated in the Secondary Currency, in this example the JPY is the Secondary Currency in the pair USD/JPY (USD = Primary, JPY = Secondary). If your account is denominated in a different currency the system will automatically convert this to the Currency of your Account using the Current Market Rate.

Example 3

For a 1,000 GBP/CAD Trade, with a Spread of 12 pips (0.0012), the calculation is as follows:

0.0012 X 1,000 = C$1.20*

*The C$1.20 is a Canadian Dollar amount as Pips are calculated in the Secondary Currency, in this example the CAD is the Secondary Currency in the pair GBP/CAD (GBP = Primary, CAD = Secondary). If your account is denominated in a different currency the system will automatically convert this to the Currency of your Account using the Current Market Rate.

All Spreads for FX Standard Instruments can be found on the AVATRADE Trading Conditions Table above.

AVATRADE is a market maker and is therefore compensated through the Bid-Ask spread except when otherwise stated. AVATRADE does not charge commissions on any trade.

All Instruments are traded on Margin allowing you to Leverage your positions. The FX Standard Trading 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 1

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 €5.00 is a Euro amount as Margin is calculated in the Primary Currency of the pair (EUR/USD: EUR = Primary, USD = Secondary). If your account is denominated in a different currency the system will automatically convert this to the Currency of your Account using the Current Market Rate.

Example 2

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

Percentage Margin Requirement: 1,000 x 0.005 = $5.00*

Leverage Margin Requirement: 1,000 / 200 = $5.00*

*The $5.00 is a US Dollar amount as Margin is calculated in the Primary Currency of the pair (USD/JPY: USD = Primary, JPY = Secondary). If your account is denominated in a different currency the system will automatically convert this to the Currency of your Account using the Current Market Rate.

Example 3

For a 1,000 GBP/CAD Trade, with a Margin Requirement of 0.25% or Leverage of 400:1, the calculations are as follows:

Percentage Margin Requirement: 1,000 x 0.0025 = £2.50*

Leverage Margin Requirement: 1,000 / 400 = £2.50*

*The £2.50 is a Great British Pound amount as Margin is calculated in the Primary Currency of the pair (GBP/CAD: GBP = Primary, CAD = Secondary). If your account is denominated in a different currency the system will automatically convert this to the Currency of your Account using the Current Market Rate.

All Margin Requirements for FX Standard Instruments can be found on the AVATRADE Trading Conditions Table above.

The FX Standard 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 "Premium Buy" and "Premium 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 Daily Premium amount using the published Premiums:

Trade Amount x Premium or Interest Rate x Number of days = Premium Charged/Paid*360 Days

*Premium 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 1

For a 1,000 EUR/USD Trade, with a Premium 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

*The -€0.03 is a Euro amount as the EUR is the Primary Currency in the pair (EUR/USD: EUR = Primary, USD = Secondary). If your account is denominated in a different currency the system will automatically convert this to the Currency of your Account using the Market Rate at that time.

Example 2

For a 1,000 USD/JPY Trade, with a Premium 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

*The -$0.03 is a US Dollar amount as the USD is the Primary Currency in the pair (USD/JPY: USD = Primary, JPY = Secondary). If your account is denominated in a different currency the system will automatically convert this to the Currency of your Account using the Market Rate at that time.

Example 3

For a 1,000 GBP/CAD Trade, with a Premium 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

*The -£0.03 is a Great British Pound amount as the GBP is the Primary Currency in the pair (GBP/CAD: GBP = Primary, CAD = Secondary). If your account is denominated in a different currency the system will automatically convert this to the Currency of your Account using the Market Rate at that time.

All Premium Buy & Sell Rates for FX Standard Instruments can be found on the AVATRADE Trading Conditions Table above.

AVATRADE includes a standard mark-up of -30 basis points on the Bid & +30 basis points on the Ask of the O/N Market Lending Rates used in calculating its Buy/Sell Premiums; these rates are updated on a regular basis. Please note that some Premium calculations include a higher mark-up.

The FX Floating (MT4 only) Trading Conditions display the Minimum & Typical Bid-Ask Spreads (Pips) for Floating Instruments unless otherwise stated. Typical Spreads are derived from the median value of the respective spreads during trading hours (07.00-18.00 GMT) from the previous quarter.

Spread Cost Formula: Spread x Trade Size = Spread Charge in Secondary Currency*

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

Example 1

For a 1,000 EUR/USD Trade, with a Spread of 3 pips (0.0003), the calculation is as follows:

0.0003 X 1,000 = $0.30*

*The $0.30 is a US Dollar amount as Pips are calculated in the Secondary Currency, in this example the USD is the Secondary Currency in the pair (EUR/USD: EUR = Primary, USD = Secondary). If your account is denominated in a different currency the system will automatically convert this to the Currency of your Account using the Current Market Rate.

Example 2

For a 1,000 USD/JPY Trade, with a Spread of 4 pips (0.04), the calculation is as follows:

0.04 X 1,000 = ¥40.00*

*The ¥40.00 is a Japanese Yen amount as Pips are calculated in the Secondary Currency, in this example the JPY is the Secondary Currency in the pair (USD/JPY: USD = Primary, JPY = Secondary). If your account is denominated in a different currency the system will automatically convert this to the Currency of your Account using the Current Market Rate.

Example 3

For a 1,000 GBP/CAD Trade, with a Spread of 12 pips (0.0012), the calculation is as follows:

0.0012 X 1,000 = C$1.20*

*The C$1.20 is a Canadian Dollar amount as Pips are calculated in the Secondary Currency, in this example the CAD is the Secondary Currency in the pair (GBP/CAD: GBP = Primary, CAD = Secondary). If your account is denominated in a different currency the system will automatically convert this to the Currency of your Account using the Current Market Rate.

All Spreads for FX Floating (MT4 only) Instruments can be found on the AVATRADE Trading Conditions Table above.

AVATRADE is a market maker and is therefore compensated through the Bid-Ask spread except when otherwise stated. AVATRADE does not charge commiss ions on any trade.

All Instruments are traded on Margin allowing you to Leverage your positions. The FX Floating (MT4 only) Trading 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 1

For a 1,000 EUR/USD Trade, with a Margin Requirement of 0.25% or Leverage of 400:1, the calculation are as follows:

Percentage Margin Requirement: 1,000 x 0.0025 = €2.50*

Leverage Margin Requirement: 1,000 / 400 = €2.50*

*The €2.50 is a Euro amount as Margin is calculated in the Primary Currency of the pair (EUR/USD: EUR = Primary, USD = Secondary). If your account is denominated in a different currency the system will automatically convert this to the Currency of your Account using the Current Market Rate.

Example 2

For a 1,000 USD/JPY Trade, with a Margin Requirement of 0.25% or Leverage of 400:1, the calculations are as follows:

Percentage Margin Requirement: 1,000 x 0.005 = $2.50*

Leverage Margin Requirement: 1,000 / 200 = $2.50*

*The $2.50 is a US Dollar amount as Margin is calculated in the Primary Currency of the pair (USD/JPY: USD = Primary, JPY = Secondary). If your account is denominated in a different currency the system will automatically convert this to the Currency of your Account using the Current Market Rate.

Example 3

For a 1,000 GBP/CAD Trade, with a Margin Requirement of 0.25% or Leverage of 400:1, the calculations are as follows:

Percentage Margin Requirement: 1,000 x 0.0025 = £2.50*

Leverage Margin Requirement: 1,000 / 400 = £2.50*

*The £2.50 is a Great British Pound amount as Margin is calculated in the Primary Currency of the pair (GBP/CAD: GBP = Primary, CAD = Secondary). If your account is denominated in a different currency the system will automatically convert this to the Currency of your Account using the Current Market Rate.

All Margin Requirements for FX FX Floating (MT4 only) Instruments can be found on the AVATRADE Trading Conditions Table above.

The FX Floating (MT4 only) 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 "Premium Buy" and "Premium 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 Daily Premium amount using the published Premiums:

Trade Amount x Premium or Interest Rate x Number of days = Premium Charged/Paid*360 Days

*Premium 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 1

For a 1,000 EUR/USD Trade, with a Premium 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

*The -€0.03 is a Euro amount as the EUR is the Primary Currency in the pair (EUR/USD: EUR = Primary, USD = Secondary). If your account is denominated in a different currency the system will automatically convert this to the Currency of your Account using the Market Rate at that time.

Example 2

For a 1,000 USD/JPY Trade, with a Premium 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

*The -$0.03 is a US Dollar amount as the USD is the Primary Currency in the pair (USD/JPY: USD = Primary, JPY = Secondary). If your account is denominated in a different currency the system will automatically convert this to the Currency of your Account using the Market Rate at that time.

Example 3

For a 1,000 GBP/CAD Trade, with a Premium 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

*The -£0.03 is a Great British Pound amount as the GBP is the Primary Currency in the pair (GBP/CAD: GBP = Primary, CAD = Secondary). If your account is denominated in a different currency the system will automatically convert this to the Currency of your Account using the Market Rate at that time.

All Premium Buy & Sell Rates for FX Floating (MT4 only) Instruments can be found on the AVATRADE Trading Conditions Table above.

AVATRADE includes a standard mark-up of -30 basis points on the Bid & +30 basis points on the Ask of the O/N Market Lending Rates used in calculating its Buy/Sell Premiums; these rates are updated on a regular basis. Please note that some Premium calculations include a higher mark-up.

The Commodities Trading Conditions display the Standard Bid-Ask Spread OR 'Spread Over Market' for Commodity Instruments unless otherwise stated. Standard Spreads are as stated under Normal Market Conditions while the 'Spread Over Market' is the Mark-up AVATRADE adds to the Current Market Spread.

Spread Cost Formula: Spread x Trade Size = Spread Charge in Currency Instrument is denominated in.

Example 1

For a 10 barrel Crude Oil Trade, with a Spread of 4 pips ($0.04), the calculation is as follows:

0.04 X 10 = $0.40*

*The $0.40 is a US Dollar amount as Pips for Commodities are calculated in the Currency the Instrument is denominated in. If your account is denominated in a different currency the system will automatically convert this to the Currency of your Account using the Current Market Rate.

Example 2

For a 1 bushel Soybean Trade, with a Spread of 6 pips ($1.50), the calculation is as follows:

1.50 X 1 = $1.50*

*The $1.50 is a US Dollar amount as Pips for Commodities are calculated in the Currency the Instrument is denominated in. If your account is denominated in a different currency the system will automatically convert this to the Currency of your Account using the Current Market Rate.

Example 3

For a 1 oz. Gold Trade, with a Spread of 60 pips ($0.60), the calculation is as follows:

0.60 X 1 = $0.60*

*The $0.60 is a US Dollar amount as Pips for Commodities are calculated in the Currency the Instrument is denominated in. If your account is denominated in a different currency the system will automatically convert this to the Currency of your Account using the Current Market Rate.

All Spreads & Currency Denominations for Commodities Instruments can be found on the AVATRADE Trading Conditions Table above.

AVATRADE is a market maker and is therefore compensated through the Bid-Ask spread except when otherwise stated. AVATRADE does not charge commissions on any trade.

All Instruments are traded on Margin allowing you to Leverage your positions. The Commodities 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 1

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 $9.80 is a US Dollar amount as Margin Required is calculated in the Currency the Instrument is denominated in. If your account is denominated in a different currency the system will automatically convert this to the Currency of your Account using the Current Market Rate.

Example 2

For a 1 bushel Soybean Trade, with a Market Price of $1450 and a Margin Requirement of 3.00%, the calculation is as follows:

Percentage Margin Requirement: 1 x 1450 x 0.03 = $43.50*

*The $43.50 is a US Dollar amount as Margin Required is calculated in the Currency the Instrument is denominated in. If your account is denominated in a different currency the system will automatically convert this to the Currency of your Account using the Current Market Rate.

Example 3

For a 1 oz. Gold Trade, with a Market Price of $1650 and a Margin Requirement of 0.50%, the calculation is as follows:

Percentage Margin Requirement: 1 x 1650 x 0.005 = $8.25*

*The $8.25 is a US Dollar amount as Margin Required is calculated in the Currency the Instrument is denominated in. If your account is denominated in a different currency the system will automatically convert this to the Currency of your Account using the Current Market Rate.

All Margin Requirements for Commodities Instruments can be found on the AVATRADE Trading Conditions Table above.

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 "Premium Buy" and "Premium Sell" columns. End of Day is 22:00 GMT except during Daylight Savings when it changes to 21:00 GMT.

Formula to calculating your Daily Premium charge using the published Premiums:

Amount x Current Price x Premium Buy or Sell Rate x Number of days = Premium Charged/Paid * 360 Days

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

Example 1

For a 10 barrel Crude Oil Trade, with a Market Price of $98.00 and a Premium 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.

*The -$0.01 is a US Dollar amount as Premiums are calculated in the Currency the Instrument is denominated in. If your account is denominated in a different currency the system will automatically convert this to the Currency of your Account using the Market Rate at that time.

Example 2

For a 1 bushel Soybean Trade, with a Market Price of $1450 and a Premium Buy (or Sell) rate of -0.25%, and subject to a charge for 1 day, the calculation is as follows:

(1 x 1450 x -0.0025 x 1)/360 = -3.625/360 = -0.010069 = -$0.01* rounded.

*The -$0.01 is a US Dollar amount as Premiums are calculated in the Currency the Instrument is denominated in. If your account is denominated in a different currency the system will automatically convert this to the Currency of your Account using the Market Rate at that time.

Example 3

For a 1 oz. Gold Trade, with a Market Price of $1650 and a Premium Buy (or Sell) rate of -1.00%, and subject to a charge for 1 day, the calculation is as follows:

(1 x 1650 x -0.01 x 1)/360 = -16.50/360 = -0.04583 = -$0.05* rounded.

*The -$0.05 is a US Dollar amount as Premiums are calculated in the Currency the Instrument is denominated in. If your account is denominated in a different currency the system will automatically convert this to the Currency of your Account using the Market Rate at that time.

All Premium Buy/Sell Rates & Currency Denominations for Commodity Instruments can be found on the AVATRADE Trading Conditions Table above.

AVATRADE includes a standard mark-up of -30 basis points on the Bid & +30 basis points on the Ask of the O/N Market Lending Rates used in calculating its Buy/Sell Premiums; these rates are updated on a regular basis. Please note that some Premium calculations include a higher mark-up.

AVATRADE 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 AVA 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.

AVATRADE 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 O/N Premium charge.

To Calculate the Rollover AVATRADE 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 Premium Costs, and the resulting amount is either Credited or Debited to the clients account via Premiums.

Note: There are NO other costs incurred by Clients involved in the rolling over of Futures Contracts.

Formula used by AVA for calculating a Rollover Charge:

(Amount x (New Contract Price - Old Contract Price)) + (Spread Costs*) + (Overnight Premium 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 1

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

Example 2

For a 1 bushel Soybean Trade, with a Market Price of $1450 and a Difference in Contracts of -6,000 Pips (-$60), the calculation is as follows:

Long Position: (1 x +60.00) + (-1.25 x 1) + ((1 x 1450 x -0.0025 x 1)/360)) = 60.00 + (-1.25) + (-0.01) = +$58.74
Short Position: (1 x -60.00) + (-1.25 x 1) + ((1 x 1450 x -0.0025 x 1)/360)) = -60.00 + (-1.25) + (-0.01) = -$61.26

All Rollover Adjustments are calculated in the Currency the Instrument is denominated in. If your account is denominated in a different currency the system will automatically convert this to the Currency of your Account using the Market Rate at that time.

All upcoming Rollover Dates for ALL Instruments can be found on the AVATRADE CFD Rollover Dates page: CFD-Rollover-Dates

AVATRADE 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.

The Stock Indices Trading Conditions display the 'Spread Over Market' for Stock Index Instruments unless otherwise stated. The 'Spread Over Market' is the Mark-up AVATRADE adds to the Current Market Spread.

Spread Cost Formula: Spread x Trade Size = Spread Charge in Currency Instrument is denominated in.

Example 1

For a 1 index S&P500 Trade, with a Spread of 75 Pips ($0.75), the calculation is as follows:

0.75 X 1 = $0.75*

*The $0.75 is a US Dollar amount as Pips for Stock Indices are calculated in the Currency the Instrument is denominated in. If your account is denominated in a different currency the system will automatically convert this to the Currency of your Account using the Current Market Rate.

Example 2

For a 1 index CAC 40 Trade, with a Spread of 300 pips (€3.00), the calculation is as follows:

3.00 X 1 = €3.00*

*The €3.00 is a Euro amount as Pips for Stock Indices are calculated in the Currency the Instrument is denominated in. If your account is denominated in a different currency the system will automatically convert this to the Currency of your Account using the Current Market Rate.

Example 3

For a 100 index NIKKEI225 Trade, with a Spread of 30 pips (¥30), the calculation is as follows:

30.00 X 100 = ¥3,000*

*The ¥3,000 is a Japanese Yen amount as Pips for Stock Indices are calculated in the Currency the Instrument is denominated in. If your account is denominated in a different currency the system will automatically convert this to the Currency of your Account using the Current Market Rate.

All Spreads & Currency Denominations for Stock Index Instruments can be found on the AVATRADE Trading Conditions Table above.

AVATRADE is a market maker and is therefore compensated through the Bid-Ask spread except when otherwise stated. AVATRADE does not charge commissions on any trade.

All Instruments are traded on Margin allowing you to Leverage your positions. The Stock Indices 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 1

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 $7.00 is a US Dollar amount as Margin Required is calculated in the Currency the Instrument is denominated in. If your account is denominated in a different currency the system will automatically convert this to the Currency of your Account using the Current Market Rate.

Example 2

For a 1 Index CAC 40 Trade, with a Market Price of €3500 and a Margin Requirement of 2.00%, the calculation is as follows:

Percentage Margin Requirement: 1 x 3,500 x 0.02 = €70.00*

*The €70.00 is a Euro amount as Margin Required is calculated in the Currency the Instrument is denominated in. If your account is denominated in a different currency the system will automatically convert this to the Currency of your Account using the Current Market Rate.

Example 3

For a 100 Index NIKKEI225 Trade, with a Market Price of ¥10500 and a Margin Requirement of 2.00%, the calculation is as follows:

Percentage Margin Requirement: 100 x 10,500 x 0.02 = ¥21,000*

*The ¥21,000 is a Japanese Yen amount as Margin Required is calculated in the Currency the Instrument is denominated in. If your account is denominated in a different currency the system will automatically convert this to the Currency of your Account using the Current Market Rate.

All Margin Requirements for Stock Index Instruments can be found on the AVATRADE Trading Conditions Table above.

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 "Premium Buy" and "Premium Sell" columns. End of Day is 22:00 GMT except during Daylight Savings when it changes to 21:00 GMT.

Formula to calculating your Daily Premium charge using the published Premiums:

Amount x Current Price x Premium Buy or Sell Rate x Number of days = Premium Charged/Paid * 360 Days

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

Example 1

For a 1 Index S&P500 Trade, with a Market Price of $1400 and a Premium 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.

*The -$0.02 is a US Dollar amount as Premiums are calculated in the Currency the Instrument is denominated in. If your account is denominated in a different currency the system will automatically convert this to the Currency of your Account using the Market Rate at that time.

Example 2

For a 1 Index CAC 40 Trade, with a Market Price of €3500 and a Premium Buy (or Sell) rate of -0.50%, and subject to a charge for 1 day, the calculation is as follows:

(1 x 3,500 x -0.005 x 1)/360 = -17.50/360 = -0.04861 = -€0.05* rounded.

*The -€0.05 is a Euro amount as Premiums are calculated in the Currency the Instrument is denominated in. If your account is denominated in a different currency the system will automatically convert this to the Currency of your Account using the Market Rate at that time.

Example 3

For a 100 Index NIKKEI225 Trade, with a Market Price of ¥10500 and a Premium Buy (or Sell) rate of -1.00%, and subject to a charge for 1 day, the calculation is as follows:

(100 x 10,500 x -0.01 x 1)/360 = -10,500/360 = -29.16667 = -¥29.17* rounded.

*The -¥29.17 is a Japanese Yen amount as Premiums are calculated in the Currency the Instrument is denominated in. If your account is denominated in a different currency the system will automatically convert this to the Currency of your Account using the Market Rate at that time.

All Premium Buy/Sell Rates & Currency Denominations for Stock Index Instruments can be found on the AVATRADE Trading Conditions Table above.

AVATRADE includes a standard mark-up of -30 basis points on the Bid & +30 basis points on the Ask of the O/N Market Lending Rates used in calculating its Buy/Sell Premiums; these rates are updated on a regular basis. Please note that some Premium calculations include a higher mark-up.

AVATRADE 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 AVA 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.

AVATRADE 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 O/N Premium charge.

To Calculate the Rollover AVA 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 Premium Costs, and the resulting amount is either Credited or Debited to the clients account via Premiums.

Note: There are NO other costs incurred by Clients involved in the rolling over of Futures Contracts.

Formula used by AVA for calculating a Rollover Charge:

(Amount x (New Contract Price - Old Contract Price)) + (Spread Costs*) + (Overnight Premium 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 1

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

Example 2

For a 1 Index CAC 40 Trade, with a Market Price of €3500 and a Difference in Contracts of -7,500 Pips (-€75), the calculation is as follows:

Long Position: (1 x -75.00) + (-1.50 x 1) + ((1 x 3500 x -0.005 x 1)/360)) = -75.00 + (-1.50) + (-0.05) = -€76.55
Short Position: (1 x +75.00) + (-1.50 x 1) + ((1 x 3500 x -0.005 x 1)/360)) = +75.00 + (-1.50) + (-0.05) = +€73.45

All Rollover Adjustments are calculated in the Currency the Instrument is denominated in. If your account is denominated in a different currency the system will automatically convert this to the Currency of your Account using the Market Rate at that time.

All upcoming Rollover Dates for ALL Instruments can be found on the AVATRADE CFD Rollover Dates page: CFD-Rollover-Dates

AVATRADE 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.

The Individual Equities Trading Conditions display the 'Spread Over Market' for Individual Equity Instruments unless otherwise stated. The 'Spread Over Market' is the Mark-up AVATRADE adds to the Current Market Spread.

Spread Cost Formula: Spread x Trade Size = Spread Charge in Currency Instrument is denominated in.

Example 1

For a trade of 1 APPLE share, with a Spread of 12 pips (0.12), the calculation is as follows:

0.12 X 1 = $0.12*

*The $0.12 is a US Dollar amount as Pips for Individual Equities are calculated in the Currency the Instrument is denominated in. If your account is denominated in a different currency the system will automatically convert this to the Currency of your Account using the Current Market Rate.

Example 2

For a trade of 10 ALLIANZ shares, with a Spread of 150 pips (0.150), the calculation is as follows:

0.150 X 10 = €1.50*

*The €1.50 is a Euro amount as Pips for Individual Equities are calculated in the Currency the Instrument is denominated in. If your account is denominated in a different currency the system will automatically convert this to the Currency of your Account using the Current Market Rate.

Example 3

For a trade of 100 HSBC shares, with a Spread of 80 pips (0.80), the calculation is as follows:

0.80 X 100 = 80.0 or £0.80*

(UK shares are quoted in pennies so divide by 100: 80/100)

*The £0.80 is a Great British Pounds amount as Pips for Individual Equities are calculated in the Currency the Instrument is denominated in. If your account is denominated in a different currency the system will automatically convert this to the Currency of your Account using the Current Market Rate.

All Spreads & Currency Denominations for Individual Equity Instruments can be found on the AVATRADE Trading Conditions Table above.

AVATRADE is a market maker and is therefore compensated through the Bid-Ask spread except when otherwise stated. AVATRADE does not charge commissions on any trade.

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.

AVA 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 1

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 $25.00 is a US Dollar amount as Margin Required is calculated in the Currency the Instrument is denominated in. If your account is denominated in a different currency the system will automatically convert this to the Currency of your Account using the Current Market Rate.

Example 2

For a trade of 10 ALLIANZ shares, with a Market Price of €102.50 and a Margin Requirement of 10.00%, the calculation is as follows:

Percentage Margin Requirement: 10 x 102.50 x 0.10 = €102.50*

*The €102.50 is a Euro amount as Margin Required is calculated in the Currency the Instrument is denominated in. If your account is denominated in a different currency the system will automatically convert this to the Currency of your Account using the Current Market Rate.

Example 3

For a trade of 100 HSBC shares, with a Market Price of 650.50 pennies and a Margin Requirement of 10.00%, the calculation is as follows:

Percentage Margin Requirement: 100 x 650.50 x 0.10 = 6,505.00 pennies or £65.05*

(UK shares are quoted in pennies so divide by 100: 6505/100)

*The £65.05 is a Great British Pound amount as Margin Required is calculated in the Currency the Instrument is denominated in. If your account is denominated in a different currency the system will automatically convert this to the Currency of your Account using the Current Market Rate.

All Margin Requirements for Individual Equity Instruments can be found on the AVATRADE Trading Conditions Table above.

The Individual Equities 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 "Premium Buy" and "Premium Sell" columns. End of Day is 22:00 GMT except during Daylight Savings when it changes to 21:00 GMT.

Formula to calculating your Daily Premium charge using the published Premiums:

Amount x Current Price x Premium Buy or Sell Rate x Number of days = Premium Charged/Paid * 360 Days

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

Example 1

For a trade of 1 APPLE share, with a Market Price of $500 and a Premium 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.

*The -$0.04 is a US Dollar amount as Premiums are calculated in the Currency the Instrument is denominated in. If your account is denominated in a different currency the system will automatically convert this to the Currency of your Account using the Market Rate at that time.

Example 2

For a trade of 10 ALLIANZ shares, with a Market Price of €102.50 and a Premium Buy (or Sell) rate of -3.45%, and subject to a charge for 1 day, the calculation is as follows:

(10 x 102.50 x -0.0345 x 1)/360 = -35.363/360 = -0.09823 = -€0.10* rounded.

*The -€0.10 is a Euro amount as Premiums are calculated in the Currency the Instrument is denominated in. If your account is denominated in a different currency the system will automatically convert this to the Currency of your Account using the Market Rate at that time.

Example 3

For a trade of 100 HSBC shares, with a Market Price of 650.50 pennies and a Premium Buy (or Sell) rate of -1.85%, and subject to a charge for 1 day, the calculation is as follows:

(100 x 650.50 x -0.0185x 1)/360 = -1,203.43/360 = -3.3428/100 = -£0.03* rounded.

(UK shares are quoted in pennies so divide by 100: -3.3428/100)

*The -£0.03 is a Great British Pound amount as Premiums are calculated in the Currency the Instrument is denominated in. If your account is denominated in a different currency the system will automatically convert this to the Currency of your Account using the Market Rate at that time.

All Premium Buy/Sell Rates & Currency Denominations for Individual Equity Instruments can be found on the AVATRADE Trading Conditions Table above.

AVATRADE includes a standard mark-up of -30 basis points on the Bid & +30 basis points on the Ask of the O/N Market Lending Rates used in calculating its Buy/Sell Premiums; these rates are updated on a regular basis. Please note that some Premium calculations include a higher mark-up.

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 AVATRADE trading platforms that declares a dividend, AVATRADE 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 1

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

All Dividend Adjustments are calculated in the Currency the Instrument is denominated in. If your account is denominated in a different currency the system will automatically convert this to the Currency of your Account using the Market Rate at that time.

Example 2

For a trade of 10 ALLIANZ shares, with a GROSS Div. of €0.14, the calculation is as follows:

Long Position: (10 x 0.14) x 0.90 = 1.40 x 0.90 = +€1.26
Short Position: (10 x 0.14) x -1 = 1.40 x -1 = -€1.40

All Dividend Adjustments are calculated in the Currency the Instrument is denominated in. If your account is denominated in a different currency the system will automatically convert this to the Currency of your Account using the Market Rate at that time.

Example 3

For a trade of 100 HSBC shares, with a GROSS Div. of £0.04, the calculation is as follows:

Long Position: (100 x 0.04) x 0.90 = 4.00 x 0.90 = +£3.60
Short Position: (100 x 0.04) x -1 = 4.00 x -1 = -£4.00

All Dividend Adjustments are calculated in the Currency the Instrument is denominated in. If your account is denominated in a different currency the system will automatically convert this to the Currency of your Account using the Market Rate at that time.

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.

The Bonds Trading Conditions display the 'Spread Over Market' for Bond Instruments unless otherwise stated. The 'Spread Over Market' is the Mark-up AVATRADE adds to the Current Market Spread.

Spread Cost Formula: Spread x Trade Size = Spread Charge in Currency Instrument is denominated in.

Example 1

For a trade of 10 Bonds on the 5 Year US T-NOTE, with a Spread of 5 pips (0.05), the calculation is as follows:

0.05 X 10 = $0.50*

*The $0.50 is a US Dollar amount as Pips for Bonds are calculated in the Currency the Instrument is denominated in. If your account is denominated in a different currency the system will automatically convert this to the Currency of your Account using the Current Market Rate.

Example 2

For a trade of 10 Bonds on the EURO-BUND, with a Spread of 4 pips (0.04), the calculation is as follows:

0.04 X 10 = €0.40*

*The €0.40 is a Euro amount as Pips for Bonds are calculated in the Currency the Instrument is denominated in. If your account is denominated in a different currency the system will automatically convert this to the Currency of your Account using the Current Market Rate.

Example 3

For a trade of 100 Bonds on the JAPAN GOVT BOND, with a Spread of 14 pips (0.14), the calculation is as follows:

0.14 X 100 = ¥14.00*

*The ¥14.00 is a Japanese Yen amount as Pips for Bonds are calculated in the Currency the Instrument is denominated in. If your account is denominated in a different currency the system will automatically convert this to the Currency of your Account using the Current Market Rate.

All Spreads & Currency Denominations for Bonds Instruments can be found on the AVATRADE Trading Conditions Table above.

AVATRADE is a market maker and is therefore compensated through the Bid-Ask spread except when otherwise stated. AVATRADE does not charge commissions on any trade.

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 1

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 $12.45 is a US Dollar amount as Margin Required is calculated in the Currency the Instrument is denominated in. If your account is denominated in a different currency the system will automatically convert this to the Currency of your Account using the Current Market Rate.

Example 2

For a trade of 10 Bonds on the EURO-BUND, with a Market Price of €142.50 and a Margin Requirement of 1.00%, the calculation is as follows:

Percentage Margin Requirement: 10 x 142.50 x 0.01 = €14.25*

*The €14.25 is a Euro amount as Margin Required is calculated in the Currency the Instrument is denominated in. If your account is denominated in a different currency the system will automatically convert this to the Currency of your Account using the Current Market Rate.

Example 3

For a trade of 100 Bonds on the JAPAN GOVT BOND, with a Market Price of ¥144.50 and a Margin Requirement of 1.00%, the calculation is as follows:

Percentage Margin Requirement: 100 x 144.50 x 0.01 = ¥144.50*

*The ¥144.50 is a Japanese Yen amount as Margin Required is calculated in the Currency the Instrument is denominated in. If your account is denominated in a different currency the system will automatically convert this to the Currency of your Account using the Current Market Rate.

All Margin Requirements for Bonds Instruments can be found on the AVATRADE Trading Conditions Table above.

The Bonds 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 "Premium Buy" and "Premium Sell" columns. End of Day is 22:00 GMT except during Daylight Savings when it changes to 21:00 GMT.

Formula to calculating your Daily Premium charge using the published Premiums:

Amount x Current Price x Premium Buy or Sell Rate x Number of days = Premium Charged/Paid * 360 Days

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

Example 1

For a trade of 10 Bonds on the 5 Year US T-NOTE, with a Market Price of $124.50 and a Premium Buy (or Sell) rate of -0.50%, and subject to a charge for 1 day, the calculation is as follows:

(10 x 124.50 x -0.005 x 1)/360 = -6.225/360 = -0.01729 = -$0.02* rounded.

*The -$0.02 is a US Dollar amount as Premiums are calculated in the Currency the Instrument is denominated in. If your account is denominated in a different currency the system will automatically convert this to the Currency of your Account using the Market Rate at that time.

Example 2

For a trade of 10 Bonds on the EURO-BUND, with a Market Price of €142.50 and a Premium Buy (or Sell) rate of -0.50%, and subject to a charge for 1 day, the calculation is as follows:

(10 x 142.50 x -0.005 x 1)/360 = -7.125/360 = -0.019792 = -€0.02* rounded.

*The -€0.02 is a Euro amount as Premiums are calculated in the Currency the Instrument is denominated in. If your account is denominated in a different currency the system will automatically convert this to the Currency of your Account using the Market Rate at that time.

Example 3

For a trade of 100 Bonds on the JAPAN GOVT BOND, with a Market Price of ¥144.50 and a Premium Buy (or Sell) rate of -0.50%, and subject to a charge for 1 day, the calculation is as follows:

(100 x 144.50 x -0.005 x 1)/360 = -72.25/360 = -0.20069 = -¥0.20* rounded.

*The -¥0.20 is a Japanese Yen amount as Premiums are calculated in the Currency the Instrument is denominated in. If your account is denominated in a different currency the system will automatically convert this to the Currency of your Account using the Market Rate at that time.

All Premium Buy/Sell Rates & Currency Denominations for Bonds Instruments can be found on the AVATRADE Trading Conditions Table above.

AVATRADE includes a standard mark-up of -30 basis points on the Bid & +30 basis points on the Ask of the O/N Market Lending Rates used in calculating its Buy/Sell Premiums; these rates are updated on a regular basis. Please note that some Premium calculations include a higher mark-up.

AVATRADE 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 AVA 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.

AVATRADE 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 O/N Premium charge.

To Calculate the Rollover AVA 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 Premium Costs, and the resulting amount is either Credited or Debited to the clients account via Premiums.

Note: There are NO other costs incurred by Clients involved in the rolling over of Futures Contracts.

Formula used by AVA for calculating a Rollover Charge:

(Amount x (New Contract Price – Old Contract Price)) + (Spread Costs*) + (Overnight Premium 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 1

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

Example 2

For a trade of 10 Bonds on the EURO-BUND, with a Market Price of €142.50 and a Difference in Contracts of -22 Pips (-€0.22), the calculation is as follows:

Long Position: (10 x +0.22) + (-0.04 x 10) + ((1 x 142.50 x -0.005 x 1)/360)) = 2.20 + (-0.40) + (-0.02) = +€1.78
Short Position: (10 x -0.22) + (-0.04 x 10) + ((1 x 142.50 x -0.005 x 1)/360)) = -2.20 + (-0.40) + (-0.02) = -€2.62

All Rollover Adjustments are calculated in the Currency the Instrument is denominated in. If your account is denominated in a different currency the system will automatically convert this to the Currency of your Account using the Market Rate at that time.

All upcoming Rollover Dates for ALL Instruments can be found on the AVATRADE CFD Rollover Dates page: CFD-Rollover-Dates

AVATRADE 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.

The Exchange Traded Funds Trading Conditions display the 'Spread Over Market' for Bond Instruments unless otherwise stated. The 'Spread Over Market' is the Mark-up AVATRADE adds to the Current Market Spread.

Spread Cost Formula: Spread x Trade Size = Spread Charge in Currency Instrument is denominated in.

Example 1

For a trade of 10 Financial Select Sector SPDR shares, with a Spread of 6 pips (0.06), the calculation is as follows:

0.06 X 10 = $0.60*

*The $0.60 is a US Dollar amount as Pips for Exchange Traded Funds are calculated in the Currency the Instrument is denominated in. If your account is denominated in a different currency the system will automatically convert this to the Currency of your Account using the Current Market Rate.

Example 2

For a trade of 10 Dow Jones U.S. Home Construction Index Fund shares, with a Spread of 7 pips (0.07), the calculation is as follows:

0.07 X 10 = $0.70*

*The $0.70 is a US Dollar amount as Pips for Exchange Traded Funds are calculated in the Currency the Instrument is denominated in. If your account is denominated in a different currency the system will automatically convert this to the Currency of your Account using the Current Market Rate.

Example 3

For a trade of 10 MSCI Australia Index Fund shares, with a Spread of 14 pips (0.14), the calculation is as follows:

0.14 X 10 = $1.40*

*The $1.40 is a US Dollar amount as Pips for Exchange Traded Funds are calculated in the Currency the Instrument is denominated in. If your account is denominated in a different currency the system will automatically convert this to the Currency of your Account using the Current Market Rate.

All Spreads & Currency Denominations for Exchange Traded Fund Instruments can be found on the AVATRADE Trading Conditions Table above.

AVATRADE is a market maker and is therefore compensated through the Bid-Ask spread except when otherwise stated. AVATRADE does not charge commissions on any trade.

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 1

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 $9.25 is a US Dollar amount as Margin Required is calculated in the Currency the Instrument is denominated in. If your account is denominated in a different currency the system will automatically convert this to the Currency of your Account using the Current Market Rate.

Example 2

For a trade of 10 Dow Jones U.S. Home Construction Index Fund shares, with a Market Price of $24.90 and a Margin Requirement of 5.00%, the calculation is as follows:

Percentage Margin Requirement: 10 x 24.90 x 0.05 = $12.45*

*The $12.45 is a US Dollar amount as Margin Required is calculated in the Currency the Instrument is denominated in. If your account is denominated in a different currency the system will automatically convert this to the Currency of your Account using the Current Market Rate.

Example 3

For a trade of 10 MSCI Australia Index Fund shares, with a Market Price of $26.10 and a Margin Requirement of 5.00%, the calculation is as follows:

Percentage Margin Requirement: 10 x 26.10 x 0.05 = $13.05*

*The $13.05 is a US Dollar amount as Margin Required is calculated in the Currency the Instrument is denominated in. If your account is denominated in a different currency the system will automatically convert this to the Currency of your Account using the Current Market Rate.

All Margin Requirements & Currency Denominations for Exchange Traded Fund Instruments can be found on the AVATRADE Trading Conditions Table above.

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 "Premium Buy" and "Premium Sell" columns. End of Day is 22:00 GMT except during Daylight Savings when it changes to 21:00 GMT.

Formula to calculating your Daily Premium charge using the published Premiums:

Amount x Current Price x Premium Buy or Sell Rate x Number of days = Premium Charged/Paid * 360 Days

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

Example 1

For a trade of 10 Financial Select Sector SPDR shares, with a Market Price of $18.50 and a Premium 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.

*The -$0.01 is a US Dollar amount as Premiums are calculated in the Currency the Instrument is denominated in. If your account is denominated in a different currency the system will automatically convert this to the Currency of your Account using the Market Rate at that time.

Example 2

For a trade of 10 Dow Jones U.S. Home Construction Index Fund shares, with a Market Price of $24.90 and a Premium Buy (or Sell) rate of -2.855%, and subject to a charge for 1 day, the calculation is as follows:

(10 x 24.90 x -0.02855 x 1)/360 = -7.1090/360 = -0.01975 = -$0.02* rounded.

*The -$0.02 is a US Dollar amount as Premiums are calculated in the Currency the Instrument is denominated in. If your account is denominated in a different currency the system will automatically convert this to the Currency of your Account using the Market Rate at that time.

Example 3

For a trade of 10 MSCI Australia Index Fund shares, with a Market Price of $26.10 and a Premium Buy (or Sell) rate of -2.855%, and subject to a charge for 1 day, the calculation is as follows:

(10 x 26.10 x -0.02855 x 1)/360 = -7.4516/360 = -0.02070 = -$0.02* rounded.

*The -$0.02 is a US Dollar amount as Premiums are calculated in the Currency the Instrument is denominated in. If your account is denominated in a different currency the system will automatically convert this to the Currency of your Account using the Market Rate at that time.

All Premium Buy/Sell Rates & Currency Denominations for Exchange Traded Funds Instruments can be found on the AVATRADE Trading Conditions Table above.

AVATRADE includes a standard mark-up of -30 basis points on the Bid & +30 basis points on the Ask of the O/N Market Lending Rates used in calculating its Buy/Sell Premiums; these rates are updated on a regular basis. Please note that some Premium calculations include a higher mark-up.

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 AVATRADE trading platforms that declares a dividend, AVATRADE 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 1

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

All Dividend Adjustments are calculated in the Currency the Instrument is denominated in. If your account is denominated in a different currency the system will automatically convert this to the Currency of your Account using the Market Rate at that time.

Example 2

For a trade of 10 Dow Jones U.S. Home Construction Index Fund shares, with a GROSS Div. of €0.14, the calculation is as follows:

Long Position: (10 x 0.14) x 0.90 = 1.40 x 0.90 = +€1.26
Short Position: (10 x 0.14) x -1 = 1.40 x -1 = -€1.40

All Dividend Adjustments are calculated in the Currency the Instrument is denominated in. If your account is denominated in a different currency the system will automatically convert this to the Currency of your Account using the Market Rate at that time.

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.

Условия торговли AVAOPTIONS определяют типовые спреды между ценами продавца и покупателя (пипсы), спреды для инструментов (спреды между ценами спотовых позиций) и спреды для опционов по инструментам (спреды опционов). Стандартные спреды определены в соответствии со стандартными рыночными условиями. Спреды для опционов основываются на опционах в деньгах с экспирацией 1 месяц.

Формула спреда: Спред x Сумма сделки = Сумма спреда в дополнительной валюте*

*Дополнительная валюта — это вторая валюта в валютной паре (CUR1/CUR2: USD/JPY, EUR/USD и др.)

Пример

Для спотовой сделки 10 000 EUR/USD со спредом 2,1 пипса (0,00021) выкладки будут выглядеть следующим образом:

0,00021 X 10 000 = 2,10 USD*

AVATRADE является оператором торговой площадки и получает прибыль за счет спреда между ценами покупателей и продавцов, если не указано иное. AVATRADE не взимает комиссии за заключаемые сделки.

Торговая платформа AVAOPTIONS позволяет трейдерам покупать и продавать инструменты, в основном валютные пары, в соответствии с Условиями торговли.

При покупке опциона его стоимость (также известная как опционная премия) списывается с остатка по счету (из свободных денежных средств). Свободные денежные средства — это остаток денежных средств за вычетом обязательного обеспечения.

При продаже опциона выручка от сделки немедленно зачисляется на счет. При короткой продаже опциона обязательное обеспечение резервируется из свободных денежных средств.

Если на счету недостаточно свободных денежных средств для резервирования обеспечения, сделка не исполняется.

Опционная премия указывается в поле «Цена в дополнительной валюте».

Формула опционной премии: Цена x Сумма сделки = Цена в дополнительной валюте*

*Дополнительная валюта — это вторая валюта в валютной паре (CUR1/CUR2: USD/JPY, EUR/USD и др.)

Пример

Для опциона CALL 10 000 EUR/USD с премией 0,00560 расчет будет выглядеть следующим образом:

0,00560 X 10 000 = 56,00 USD

Если валюта счета отличается от дополнительной валюты, опционная премия немедленно конвертируется в валюту счета в соответствии с преобладающим спотовым курсом, который можно найти в окне «Открытые позиции».

AVATRADE является оператором торговой площадки и получает прибыль за счет спреда между ценами покупателей и продавцов, если не указано иное. AVATRADE не взимает комиссии за заключаемые сделки.

На платформе AvaOptions рассчитывается необходимая маржа согласно степени риска портфеля за счет применения стандартных стресс-нагрузок к каждой валютной паре с помощью системы, известной как SPAN (Стандартизированный анализ портфеля).
Мы разделяем портфели клиента по валютным парам и оцениваем значения портфеля для каждой пары по 16 сценариям:
 Базисная ценаВолатильность% риска
1Вниз Маржа %Вверх100%
2Вниз Маржа %Вниз100%
3Вниз 2/3 Маржа%Вверх100%
4Вниз 2/3 Маржа%Вниз100%
5Вниз 1/3 Маржа%Вверх100%
6Вниз 1/3 Маржа%Вниз100%
7НеизменнаВверх100%
8НеизменнаВниз100%
9Вверх 1/3 Маржа%Вверх100%
10Вверх 1/3 Маржа%Вниз100%
11Вверх 2/3 Маржа%Вверх100%
12Вверх 2/3 Маржа%Вниз100%
13Вверх Маржа%Вверх100%
14Вверх Маржа%Вниз100%
15Вверх 2 * МаржаНеизменна35%
16Вниз 2 * Маржа%Неизменна35%
В сценариях 1-14 портфель оценивается с более высокой и низкой волатильностью по семи спотовым уровням. Для валютной пары со спотовым маржинальным требованием 1% спотовые уровни следующие: -1%, -0.67%, -0.33%, Неизменна, +0.33%, +0.67%, и +1%.
В сценариях 15 и 16 спотовый курс повышается или понижается за счет увеличения в два раза маржинального требования (например, 2%) при этом изменение рассматриваемого портфеля на 35% рассматривается как риск. Эти сценарии предназначены для отслеживания уровня риска остающихся убыточными опционов без ущерба марже спотовых позиций.
Рассматриваемые в этих 16 сценариях самые высокие потери портфеля принимаются за маржу для данной валютной пары. Сумма маржи для каждой валютной пары является итоговой необходимой маржой.
Можно заметить, что для портфеля спотовых позиций маржа по SPAN-анализу равна доле от итоговой спотовой позиции, а на большинстве спотовых торговых платформах подразумеваемая волатильность и сценарии 15 и 16 не учитываются.
Значение подразумеваемой волатильности для каждого опциона повышается и понижается по следующей формуле:
Смещение показат. волатильности = Фактор волатильности X Макс.(подразумеваемая волатильность, минимальная волатильность)

Подразумеваемая волатильность = текущая среднерыночная подразумеваемая волатильность опциона

Минимальная волатильность = 10%

Таблица факторов волатильности:
Дни до даты истечения срока действияG10EM
731%41%
1422%29%
3015%20%
909%12%
Например, для двухнедельного опциона G10 показатель подразумеваемой волатильности смещается на +/- 22% с минимальным шагом 2.2. Для шестимесячного опциона этот показатель изменяется на +/- 9% с минимальным шагом 0.9.
Фактор волатильности служит для ее нормализации, т.к. подразумеваемая волатильность недельного опциона может колебаться сильнее, чем годового опциона. Расчет его следующий:
Фактор волатильности = √( 30/ADTE) * Резерв ADTE = дни до истечения срока действия опциона, от 7 до 90. Резерв = 15% для валютных пар G10, и 20% для пар, включая одну или две валюты развивающихся рынков.

Условия торговли AVAOPTIONS определяют однодневные (O/N) процентные ставки из расчета на 360 дней для спотовых позиций и других инструментов, которые остаются открытыми в момент завершения торгового дня. Эти ставки отображаются в столбцах «Однодневные ставки - Покупка» и «Однодневные ставки - Продажа». Завершение торгового дня происходит в 22:00 GMT, за исключением летнего времени (21:00 GMT).

Однодневные процентные ставки не действуют для опционных позиций.

Для расчета однодневной процентной ставки на основе опубликованных значений можно использовать следующую формулу:

Сумма сделки x Однодневная процентная ставка x Количество дней = Проценты, подлежащие выплате

                                           360 дней

*Проценты, подлежащие выплате, будут рассчитываться в основной валюте, первой валюте валютной пары (CUR1/CUR2: USD/JPY, EUR/USD и др.)

Пример

Для сделки на 10 000 EUR/USD с однодневной процентной ставкой на покупку (или продажу) -1,00% и сроке 1 день расчет будет выглядеть следующим образом:

(10 000 x -0,0100 x 1)/360 = -100/360 = -0,2778 = -0,28* EUR (с округлением)

AVATRADE применяет стандартную надбавку в -30 базисных пунктов для продажи и +30 базисных пунктов для покупки к рыночным однодневным кредитным ставкам при расчете однодневных процентных ставок для покупки и продажи. Эти ставки регулярно обновляются. Обратите внимание, что в некоторых случаях при расчете однодневных процентных ставок может использоваться более высокая надбавка.

Клиент допускает, что торговый счет Клиента может подлежать оплаты за бездействия, если это не запрещено законом. После не использования счета 3 месяца подряд ("период бездействия"), и каждый последующий период бездействия, плата за бездействие будет вычтена из стоимости торгового счета Клиента. Эта сумма изложена ниже и соответствует основанной валюте счета:

Плата за бездействие:

  • USD счет: $25

  • EUR счет: €25

  • GBP счет: £25

Применяемые цены периодически меняются.

Клиент допускает, что торговый счет Клиента может подлежать ежегодной оплаты за обслуживание, если это не запрещено законом. После не использования счета 12 месяцев подряд ("Годового периода бездействия"), будет вычтена оплата за не активный счет из стоимости торгового счета Клиента. Эта сумма изложена ниже и соответствует основанной валюте счета: Это для того чтобы компенсировать затраты, понесенных услуг, даже если счет может быть не использован.

Плата за обслуживание:

  • USD счет: $ 100

  • EUR счет: € 100

  • GBP счет: £ 100

Применяемые цены периодически меняются.