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FX is the shortened term used for ‘Foreign Exchange’, the buying and selling currencies. The foreign exchange market is the biggest and most liquid financial market in the world, and operates 24/5. Almost every financial service deal across the global includes an FX transaction. On the exchange market you can trade the most popular FX pairs such as the euro/dollar, or opt for a more specialist currency. Trading reacts to both fundamentals (market news) and technical (trends), making this a dynamic asset class.
WHAT IS A CFD?
A CFD, or Contract for Difference, is an agreement between two parties to exchange the difference between the opening price and closing price of a contract. CFDs are derivatives products which allow you to trade on live market price movements without actually owning the underlying asset(shares, indices, single stock, or commodity) on which your contract is based. CFDs allow you to trade on the future movement of market prices regardless of whether the underlying markets are rising or falling. They allow traders access to markets which they would not normally be able to invest in.
WHAT IS LEVERAGE ?
Leverage is used to significantly increase your investment potential. It is a multiplier of your trading deposit. This allows you to take more or larger positions, which can lead to greater profits or losses. You must always be aware of the leverage you are trading and the margin (deposited funds) required to maintain these positions.
HOW CAN I CALCULATE THE LEVERAGE WHEN GIVEN AS A RATIO?
(Price x Quantity) / Leverage
WHAT Maliyat Group Limited CAPITAL MARKETS LIMITED OFFERS?
Maliyat Group Limited uses a ‘Floating Leverage’ system which automatically applies the maximum leverage available on a trade by a trade basis depending on the client’s trade volume in USD.
| Nominal value of open position in USD | Maximum leverage offered |
|---|---|
| First USD 3 Million | 1:500 |
| Next USD 3 Million | 1:400 |
| Next USD 2 Million | 1:300 |
| Next USD 2 Million | 1:100 |
| Next USD 5 Million | 1:50 |
| Remaining | 1:33 |
Nominal Value of open position = Number of lots x Contract size
Example: Open positions over 15 Million USD nominal value will carry the following leverage:
- The first 3M will carry a leverage of 1:500
- The following 3M carries a leverage of 1:400
- The following 2M carries a leverage of 1:300
- The following 2M carries a leverage of 1:100
- The following 5M carries a leverage of 1:50
- and everything above 15M carries a leverage of 1:33.
WHAT IS A SPREAD?
The spread is the difference between the BUY price and the SELL price of two instruments. For example, if the EURUSD is trading at 1.1167 (buy) and 1.1166 (sell), then the spread is 1 pip.
HOW I CAN CALCULATE THE MARGIN REQUIREMENT WHEN GIVEN IN A PERCENTAGE?
(Price x Quantity) x Margin percentage
DOES Maliyat Group Limited ALLOW HEDGING?
Yes. You can hedge your positions on your Maliyat Group Limited trading account.
Hedging is when you buy and sell the same amount of an instrument and is used to protect your positions from an adverse move or event in the market.
The result of hedging positions is not always fixed, as it varies together with the spread. Sudden spread widening (during news releases for example) can lead to a margin call or stop out as the widening negatively affects both positions and thus cause overall losses.
WHAT IS LOT?
The basic contract unit of the Retail Foreign Exchange is the lot.
The standard lot size is 100,000 units of the base currency (1st currency in the currency pair), however you can also trade either multiples of, or fractions of, lots. The minimum at Maliyat Group Limited is 0.01 lots.
Therefore 1 lot on the GBP/USD market is the equivalent of buying / selling ￡100,000 and either buying / selling X amount of USD at the current rate.
| Lot Size | Units of base currency (First currency) |
|---|---|
| 1 | 100,000 |
| 0.1 | 10,000 |
| 0.01 | 1,000 |
WHAT IS MINIMUM LOT SIZE I CAN TRADE?
The minimum lot size that you can trade with, is 0.01 lot on Forex and Metals.
What are the Forex Trading hours?
The Forex market is open 24 hours a day, 5 days a week.
The time on MT4 is shown as Eastern European Time (EET). During Daylight-Saving Time, EET is 3 hours ahead of Greenwich Mean Time (GMT +3). During Standard (Winter) Time, EET is 2 hours ahead of GMT (GMT +2).
The end of our trading day always aligns with the close in New York.
CAN I Trade outside regular markets hours?
No, unfortunately, not. Trades can only be placed during market hours
How is a currency pair read?
Each currency pair, is represented by a three-letter code. The first currency represents the base currency and the second currency represents the quote currency. The value provided in an exchange rate refers to the amount required in the quote currency to buy 1 unit of the base currency. For example: EURUSD is currently trading at 1.23584 means that you need 1.24 USD to buy 1 Euro.
What is a pip?
PIP stands for Point in Percentage. A pip measures the amount of change in the exchange rate for a currency pair. A fractional pip is equivalent to 1/10 of a pip. There are 10 points to every 1 pip. Each pip is worth roughly one unit of the currency in which your account is denominated.
What does spread mean?
The spread is the difference between the BID and the ASK price. The BID price is the rate at which you can sell a currency pair, and the ASK price the rate at which you can buy a currency pair.
What does Base and Quote currency mean?
The base currency is the first currency in a currency pair. The quote currency is the second currency in a currency pair also known as Term currency. For example, the EURUSD currency pair, EUR is the base currency and USD is the quote currency.
What is SWAP FREE ACCOUNT?
Swap-free accounts are an option for customers who have the preference to use trading without adjustments to swaps on selected products. However, swaps are charged on Swap Free accounts for CFD Indices and Exotic pairs. You will not be charged Swaps on Forex Majors, Minors and Metals.
To apply for a swap free account, you need to apply for a live account and agree to the Swap-free terms and conditions. If you wish to convert your existing account to a swap free account, please contact our Client Support team at info@maliyatfx.com.
Can I trade over news releases?
Yes you can. However, major news and announcements can often cause volatility or uncertainty in the Forex market and this can affect all products. Orders are sometimes filled away from the requested opening price due to gaps in the market. When you place an order, you may experience slippage.
I Made A Deposit To My Account VIA a Credit/Debit.How Can I Withdraw Funds From My Account Now?
If an account was funded via a credit/debit card and a withdrawal request is submitted within 60 days from the date of the deposit, funds will be credited back to the same card that was used for depositing. Up to 100% of the initial deposit can be withdrawn back to the card. The amount over the initial deposit (profit) can be withdrawn entirely or partially via bank wire to a Client’s personal bank account only.
What do you do with my personal information?
Your personal information is highly secured, we do not pass your personal information to any third party, and we do not sell your personal information for any purposes.
How long would it take to approve my account?
Within one working day your account will be approved if you have submitted the required documents.
How can I change my account type?
You would need to contact us at info@maliyatfx.com and our team will be happy to assist and make the changes you wish.
How do I change my password?
Change Password Here