a) Spreads and Interests:
Daily market overnight interest/rollover charge for trading with standard 100K contracts is shown in the below table. For trading with mini contracts, the overnight interest/rollover charge is 10 times less. Overnight Interest/Rollover is automatically paid to a client's account after buying a currency with greater Interest Rate in its country, and charged to a client's account if the country issuing this currency has smaller Primary Interest Rates.
* Please note that the rollover interest rates listed in the table below are estimates. Actual rollover interest rates fluctuate and update every day. Please see the information below the table for more details. For the most accurate up-to-date rates, please look under the
Advanced tab on the "Dealing Rates" window in the VTspot client.
CurrencySpread
EURUSD3
USDJPY
3
GBPUSD
4
USDCHF
5
EURCHF
5
AUDUSD
5
USDCAD
5
EURGBP
5
EURJPY
4
GBPJPY
8
EURCAD
10
EURAUD
14
GBPCHF
10
CHFJPY
10
AUDCAD
10
AUDJPY
8
NZDUSD
5
CADJPY
6
Rollover/Interest Policy:
In the spot forex market, all trades must be settled in two business days. A rollover refers to the process of closing open position for today's value date and the opening of the same position for the next day's value date at a price reflecting the difference in interest rates between the two currencies. In accordance with international banking practices, CMS automatically rolls over all open positions to the next date at 5 PM EST for settlement. Rollover involves exchanging the position being held for a position expiring the following settlement date. For example, for trades executed on Monday, the value date is Wednesday. However, if a position is opened on Monday and held overnight, the value date is now Thursday. The exception is a position opened and held overnight on Wednesday. The normal value date would be Saturday; because banks are closed on Saturday the value date is actually the following Monday. Due to the weekend, positions held overnight on Wednesday incur or earn an extra two days of interest. Trades with a value date that falls on a holiday will also incur or earn additional interest.
CMS clients can earn interest on rollovers, depending on the direction of their positions and interest rate differential between the two currencies involved. For instance, the primary interest rates in Great Britain are much higher than in Japan, so if a trader buys GBP, he/she will earn interest at 5 PM EST time. on the other hand, if he/she sells GBP in this currency pair, he/she will pay interest at 5 PM EST time.
e)Automatic execution based on programmed indicators: We are proud to announce a milestone feature in the world of forex - the automatic execution of your orders based on our existing 40+ indicators and oscillators, as well as on your own, custom-built within the Visual Trading platform. No other trading platform in the world can offer similar features. This is undoubtedly an outstanding achievement of the programming team which makes Visual Trading absolutely superior on the forex market.
Click here to find out more about this exciting new feature.
f) Interest on unused margin: Starting from May 1, 2003, accounts with initial deposits of
$10,000 USD to
$200,000 USD will begin receiving
2.00% annual interest on unused margin. To be eligible for this interest, a trader should open at least
15 standard 100K lots per month. CMS may alter the interest terms and schedule at its discretion. Please note that existing CMS clients will not be eligible to receive this interest on additional accounts funded by way of Inter-Account Funds Transfer.
g) Instant pip rebate: Clients receive
1 pip rebate directly to their trading accounts when opening
5 standard 100K lots simultaneously and closing the same
5 lots simultaneously, regardless of type of account or currency pair. This applies to individual orders of 5 lots. This rebate instantly appears on the account at the moment of closing a position. You can view its details in the account report, in the "
Commission/Rebate" column. Above
5 lots, rebates are applied according to the following schedule:
Lots Opened
Pips Rebated
5
1.0
6
1.2
7
1.4
8
1.6
10
2.0
The spread of 3 Pips will remain the same on the EUR/USD no matter how many Lots traded. What will differentiate is our incentive rebate for sizeable Lots traded at a given time.
For example, if you trade 10 Lots of EUR/USD you will receive a 2 Pip rebate which is equivalent to $20.00 ($10.00(2 Pips)) for the entire 10 Lot round turn transaction.
So in essence you will receive a $20.00 savings on 10 Lots traded, $10.00 on 5 Lots traded for EUR/USD, etc.
Rebate is deposited in the same base currency which a client deposited for trading at the CMS bank account.
VISUAL TRADING PLATFORM
Our superior
Visual Trading platform revolutionizes the process of online Forex trading and the Forex market itself. This is the first trading software which combines the trading interface directly with charts. Yes, you can now execute your trades directly on the chart, see all your orders and positions right on the chart, and perform most other operations without leaving the charting interface! It gives you absolutely full visibility and makes clear even most difficult trading situations.
These are some of the unique features of the Visual Trading platform: - The ability to choose from many base currencies, and to monitor profit, loss, and all other calculations in your report via that currency! Moreover, clients can deposit and withdraw not only US Dollars, but also Euro, Japanese Yen and 8 other major world currencies for trading, thus avoiding currency conversion - and see all account calculations in any of those currencies.
- Instant 1 pip spread rebate. Qualified clients can receive part of the spread back to their trading accounts when opening a position with 5 lots simultaneously.
- Multi-lingual trading platform: open your trading platform in the following languages - English, Mandarin, Cantonese, Japanese, Korean, German, Italian, Polish, Russian, Spanish and Czech languages.
- Instant automatic execution of your orders! The price you see - the price you get!
- Mini and standard contracts can be traded on the same account and trading screen.
- You can create your own instruments for technical analysis using your own formulae, rivaling the most popular, most expensive professional charting and analytical software packages. CMS gives you unlimited possibilities to find your own unique way to better analyze the market at no additional cost.
- For the first time ever, you can program your account to execute your orders based on fully automatic trading strategies using formulas that you create!
- Exportable prices - traders are able to select the range of prices on the chart and copy it into Excel for easy printing.
- Full system sound alarms - you can set up your account with a number of tones and melodies to alert you of changing prices. You can even record your own alarms.
- Full hedging is available - you can open positions on the same currency pair in opposite directions - without canceling each other out and without a margin increase!
Visual Trading software combines the best 21st Century trading and dealing platform with the most sophisticated charting and analytical tools! This is the easiest to use and most advanced trading platform available anywhere.
If you have any questions regarding the Visual Trading platform - please contact us at
[email protected] 