Terminal Velocity: Product Schedule

Currencies

Commodities

Indices

Most Actively Traded Currencies:Most Actively Traded Currencies

Other Currency Pairs Offered:

*Please not that exotic pairs are prone to wider spreads outside of normal market conditions.

ROLLOVER ON NET-BASED ACCOUNTS

• If you are holding the currency pair with the higher rate of interest, you will generally receive financing as follows: your positions will be closed at the current rate and reopened at a new opening rate. This rate will be determined by the price the position was closed at plus a maximum of .5 ticks, if you have a short position, and minus a maximum of .5 ticks, if you have a long position.
• If you are holding the foreign currency with the lower rate of interest, you will generally pay financing as follows: your positions will be closed at the current rate and reinstated at the current institutional swap rate plus a minimum of .5 ticks, if you have a long position, and minus a minimum of .5 ticks, if you have a short position.

POSITION-BASED ACCOUNTS

We do not close and open the positions to account for these swap rates. Instead, we simply apply the equivalent financial consideration to the position if it were rolled over.

• If the first currency has a higher interest rate, then you are generally credited for holding a long position and debited interest for holding a short position.
• If the first currency has a lower interest rate, then you are generally debited for holding a long position and credited interest for holding a short position.

Below is the formula to show how the financing amounts are calculated for currency pairs.

Commodities:
 

** Spot Gold and Silver are traded as "Spot" currencies on the Terminal Velocity Platform.

MINIMUM / MAXIMUM TRADE SIZES

Maximum trading sizes vary according to underlying liquidity, market conditions and whether the underlying market is classed as being quoted by Velocity Trade as "out of hours", i.e. outside of regular trading hours. The market information sheets indicate the usual minimum and maximum trading sizes in GBP; currency equivalents apply for non-GBP accounts, or when trading on markets denominated in a currency other than GBP. Restrictions may be applied to maximum trade sizes whether opening or closing.

The lot size of the corresponding underlying market is provided for your information, as a guide to minimum market trading size.
When you trade CFDs you are always trading the in "base" currency of the underlying market. E.g. if you trade a US share, you are trading in US dollars per one cent movement.

TRADING HOURS
Times shown are Velocity Trade's usual times for trading a market; these may vary e.g. on market holidays and where daylight saving applies. Our normal dealing hours are from 17:00 Sunday to 17:00 on Friday Eastern Time.

FINANCE ADJUSTMENTS 

When you trade CFDs you are always trading the in "base" currency of the underlying market. E.g. if you trade a US share, you are trading in US dollars per one cent movement.

Indices:

MINIMUM / MAXIMUM TRADE SIZES

Maximum trading sizes vary according to underlying liquidity, market conditions and whether the underlying market is classed as being quoted by Velocity Trade as "out of hours", i.e. outside of regular trading hours. The market information sheets indicate the usual minimum and maximum trading sizes in GBP; currency equivalents apply for non-GBP accounts, or when trading on markets denominated in a currency other than GBP. Restrictions may be applied to maximum trade sizes whether opening or closing.

The lot size of the corresponding underlying market is provided for your information, as a guide to minimum market trading size.
When you trade CFDs you are always trading the in "base" currency of the underlying market. E.g. if you trade a US share, you are trading in US dollars per one cent movement.

TRADING HOURS
Times shown are Velocity Trade's usual times for trading a market; these may vary e.g. on market holidays and where daylight saving applies. Our normal dealing hours are from 17:00 Sunday to 17:00 on Friday Eastern Time.

SPREADS

The spreads shown may vary according to underlying market liquidity, or in "fast markets" and are based on the time of day in the timezone in which the Index is in; the spread of the Index tightens during the day and can widen overnight. All spreads shown are in the Index's respective currency (eg. HK40 with a spread of 17 points is roughly equivalent to a 2 point spread in AUS).

FINANCE ADJUSTMENTS 

• Long (buy) trade positions are debited the daily financing charge
• Short (sell) positions are credited the daily financing charge

When you trade CFDs you are always trading the in "base" currency of the underlying market. E.g. if you trade a US share, you are trading in US dollars per one cent movement.

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Before you decide to trade Margin FX & CFDs, please read our full Product Disclosure Statement (Margin) and make sure you understand the possible risks involved. Margin trading can result in both significant gains and significant losses that are substantially more than your initial investment and any margin payments.