交易條款 – AvaTrade

交易條款

Meta Trader的最小交易量是0.01

該網站以及平台執行的所有交易都受到以下交易條款的約束:

點差:

  1. 所有點差均為場外市場。
  2. 外匯標準點差為市場正常情況下的點差。
  3. 黃金和白銀點差在格林尼治時間22:00-02:00可能更大。
  4. 原油與布倫特原油的點差在格林尼治時間22:00-05:00可能更大。
  5. 原油及石油天然氣點差在每週庫存公佈期間可能更大。
  6. 外匯貨幣對1標準點差=0.0001;日元外匯對1標準點差=0.01。
  7. 外匯浮動: 典型點差只是一個指示,可能由於市況波動而變大。
  8. 外匯浮動:典型點差來自上一個季度的交易時段(07:00-18:00 格林威治時間)中各個點差的中間值。

隔夜利息:

  1. 所有利息僅供參考且可能會變動。
  2. MT4外匯,黃金及的白銀持倉:週六/週日隔夜利息將藉記/貸記入上一個星期三。
  3. MT4非外匯(不包括黃金和白銀)持倉:星期六/星期日的隔夜利息將藉記/貸記入上一個星期五。

保證金:

  1. 所需保證金比例可能會根據倉位的規模而上調。

交易時間:

  1. 交易平台的開市和休市時間可能會根據所列時間段提前或推後幾分鐘。具體情況取決於交易合約所在的交易所。
  2. 交易時間為格林尼治時間,可能會根據夏令時進行調整。

最大交易/訂單:

  1. 在任何時間,MetaTrader的帳戶限制量都為最多500份未平倉交易/掛單(總和數量)。

外匯期權:

  1. 點差顯示了在正常市場條件下一個月平價期權的典型買賣價差。
  2. 期權最遲可在到期前24小時進行在線交易。
  3. 期權到期時間在平台上顯示,其對應紐約時間上午10:00。
  4. 所有期權均為歐式單純期權。在到期時,所有價外期權都將自動按其固有價值進行結算。

比特幣/萊特幣:

  1. *Bitcoin Weekly & *Litecoin Weekly – 每周到期。所有開倉部位都會根據每個星期五@ 21.00 GMT 的市場價格平倉。
  2. **Bitcoin Mini & **Litecoin Mini – 週末不能交易。沒有到期日。

Ava可能在沒有提前通知的情況下隨時修改這些交易條款。您持續登入和使用網站以及平台將意味著您接受修改後的條款

術語解釋:

  • 金融工具 – 用於交易的貨幣對或差價合約產品的標的資產。
  • 國家 – 發行股票或債券的總部所在國。
  • 手量 – 在每個平台上進行買賣的每手買賣單位(注意:Ava Trade的每手買賣數量指的是可進行交易的最低數量。MT4代表標準手)。
  • 標準點差– T在正常的市場條件下,每種金融工具的標準點差報價。
  • 槓桿 – 請參看前文解釋。
  • 每手保證金– 在任意商品中開一手所需要的保證金(注意:使用槓桿後的交易價值)。
  • 增量 – 每種金融工具價格變動的最小增量。
  • 隔夜利息買入/賣出 – 每種商品每晚每手收取或支付的隔夜利息。
  • 交易時間– 請參看前文解釋。
  • 報價月份– Ava Trade 在我們的平台上對期貨合同報價的月份。
  • 交換 – 標的資產的交換。
  • 單位 – 每手買賣量的報價單位。

See below for detailed calculations for each instrument type charge:

外匯標準 (3)
外匯點差計算

The FX Fixed 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

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*

AvaTrade is compensated through the Bid-Ask spread, except when otherwise stated.

AvaTrade does not charge commissions on any trade.

外匯保證金/槓桿計算

All Instruments are traded on Margin allowing you to Leverage your positions. The FX Fixed 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

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

外匯買入/賣出隔夜利息計算

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

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

Trade Amount x Daily Overnight Interest = Daily Overnight Interest Charged/Paid*

*Overnight Interest Charged/Paid will be calculated in the Primary Currency; Primary Currency is the First Currency quoted in an FX pair (CUR1/CUR2: USD/JPY, EUR/USD, etc.)

Example

For a 1,000 EUR/USD Trade, with a Daily Overnight Interest Buy (or Sell) rate of -0.0053% and subject to a charge for 1 day, the calculation is as follows:

1,000 x -0.000053 = -0.053 = -€0.05* rounded

Note: Ava Trade platforms display overnight interest (swaps) in annualised terms.

外匯浮動(只限MT4) (3)
外匯浮動點差計算

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

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*

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.

外彙的浮動保證金/槓桿計算

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

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*

外匯浮動買入/賣出隔夜利息計算

The FX Floating (MT4 only) Trading Conditions display the Over-Night (O/N) Interest Rates Charged/Paid on a daily basis for holding a position open past the End of Day time. These are displayed in the “Overnight Interest – Buy” and “Overnight Interest – Sell” columns. End of Day is 22:00 GMT except during Daylight Savings when it changes to 21:00 GMT.

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

Trade Amount x Daily Overnight Interest = Daily Overnight Interest Charged/Paid*

*Overnight Interest Charged/Paid will be calculated in the Primary Currency; Primary Currency is the First Currency quoted in an FX pair (CUR1/CUR2: USD/JPY, EUR/USD, etc.).

Example

For a 1,000 EUR/USD Trade, with a Daily Overnight Interest Buy (or Sell) rate of -0.0053% and subject to a charge for 1 day, the calculation is as follows:

1,000 x -0.000053 = -0.053 = -€0.05* rounded

Note: Ava Trade platforms display overnight interest (swaps) in annualised terms.

商品 (4)
商品點差計算

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

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*

AvaTrade is compensated through the Bid-Ask spread, except when otherwise stated.

AvaTrade does not charge commissions on any trade.

商品保證金計算

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

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*

買/賣商品隔夜利息計算

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

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

Trade Size x End of Day Market Price x Daily Overnight Interest = Daily Overnight Interest Charged/Paid*

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

Example

For a 10 barrel Crude Oil Trade, with an End of Day Market Price of $50.00 and a Daily Overnight Interest Buy (or Sell) rate of -0.0028%, and subject to a charge for 1 day, the calculation is as follows:

10 x 50.00 x -0.000028 = -0.014 = -$0.01* rounded.

Note: Ava Trade platforms display overnight interest (swaps) in annualised terms.

商品隔夜利息信息與計算

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 Overnight Interest 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 Interest Costs, and the resulting amount is either Credited or Debited to the clients account via Overnight Interest.

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

Formula used by AVA for calculating a Rollover Charge:

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

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

General Rule of Thumb:

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

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

Example

For a 10 barrel Crude Oil Trade, with a Market Price of $50.00 and a Difference in Contracts of +40 Pips ($0.40), spread of 0.03 and daily overnight interest charge-0.0028%, the calculation is as follows:

Long Position: (10 x -0.40) + (-0.03 x 10) + (10 x 50.00 x -0.000028) = -4.00 + (-0.30) + (-0.01) = -$4.31

Short Position: (10 x +0.40) + (-0.03 x 10) + (10 x 50.00 x -0.000028) = 4.00 + (-0.30) + (-0.01) = +$3.69

Note: Ava Trade platforms display overnight interest (swaps) in annualised terms.

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

股票指數 (4)
股票指數點差計算

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*

AvaTrade is compensated through the Bid-Ask spread, except when otherwise stated.

AvaTrade does not charge commissions on any trade.

股票指數保證金計算

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

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*

買入/賣出股票指數隔夜利息計算

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

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

Trade Size x End of Day Market Price x Daily Overnight Interest = Daily Overnight Interest Charged/Paid*

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

Example

For a 1 Index S&P500 Trade, with an End of Day Market Price of $2000 and a Daily Overnight Interest Buy (or Sell) rate of -0.0028%, and subject to a charge for 1 day, the calculation is as follows:

1 x 2,000 x -0.000028 = -0.056 = -$0.06* rounded.

Note: Ava Trade platforms display overnight interest (swaps) in annualised terms.

股票指數隔夜利息信息與計算

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 Overnight Interest 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 Interest Costs, and the resulting amount is either Credited or Debited to the clients account via Overnight Interest.

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

Formula used by AVA for calculating a Rollover Charge:

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

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

General Rule of Thumb:

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

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

Example

For a 1 index S&P500 Trade, with a Market Price of $2000 and a Difference in Contracts of +2500 Pips ($25), spread of 0.50 and daily overnight interest charge of -0.0028%, the calculation is as follows:

Long Position: (1 x -25.00) + (-0.50 x 1) + (1 x 2000 x -0.000028) = -25.00 + (-0.50) + (-0.06) = -$25.56

Short Position: (1 x +25.00) + (-0.50 x 1) + (1 x 2000 x -0.000028) = 25.00 + (-0.50) + (-0.06) = +$24.44

Note: Ava Trade platforms display overnight interest (swaps) in annualised terms.

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.

個別股票 (4)
個別股票的點差計算

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

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*

AvaTrade is compensated through the Bid-Ask spread, except when otherwise stated.

AvaTrade does not charge commissions on any trade.

個別股票的保證金計算

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*

個別股票買/賣隔夜利息計算

The Individual Equities Trading Conditions display the Over-Night Interest Rates Charged/Paid on a daily basis for holding a position open past the End of Day time. These are displayed in the “Overnight Interest – Buy” and “Overnight Interest – Sell” columns. End of Day is 22:00 GMT except during Daylight Savings when it changes to 21:00 GMT.

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

Trade Size x End of Day Market Price x Daily Overnight Interest = Daily Overnight Interest Charged/Paid*

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

Example 2

For a trade of 1 APPLE share, with an End of Day Market Price of $140 and a Daily Overnight Interest Buy (or Sell) rate of -0.0083%, and subject to a charge for 1 day, the calculation is as follows:

1 x 140 x -0.000083 = -0.012 = -$0.01* rounded.

Note: Ava Trade platforms display overnight interest (swaps) in annualised terms.

個別股票的法人行為與計算

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 3

For a trade of 1 APPLE share, with a GROSS Div. of $1.00, the calculation is as follows:

Long Position: (1 x 1.00) x 0.90 = 1.00 x 0.90 = +$0.90

Short Position: (1 x 1.00) x -1 = 1.00 x -1 = -$1.00

For ALL other Corporate Actions: Rights Issue, Stock/Reverse Splits, Mergers, Acquisitions, Takeovers etc, and as these actions can happen suddenly and without prior knowledge, Open Positions and Orders will be Closed/Removed at the end of the cum-action day at market price on the particular equity.

Note: There are no costs to clients in relation to these other Corporate Actions.

債券 (4)
債券點差計算

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

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*

AvaTrade is compensated through the Bid-Ask spread, except when otherwise stated.

AvaTrade does not charge commissions on any trade.

債券保證金計算

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

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

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

Example

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

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

債券買入/賣出隔夜利息計算

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

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

Trade Size x End of Day Market Price x Daily Overnight Interest = Daily Overnight Interest Charged/Paid*

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

Example

For a 10 Bond 5 Year US T-NOTES Trade, with an End of Day Market Price of $150 and a Daily Overnight Interest Buy (or Sell) rate of -0.0028%, and subject to a charge for 1 day, the calculation is as follows:

10 x 150 x -0.000028 = -0.042 = -$0.04* rounded.

Note: Ava Trade platforms display overnight interest (swaps) in annualised terms.

債券展期信息與計算

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 Overnight Interest 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 Interest Costs, and the resulting amount is either Credited or Debited to the clients account via Overnight Interest.

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

Formula used by AVA for calculating a Rollover Charge:

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

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

General Rule of Thumb:

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

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

Example

For a trade of 10 Bonds on the 5 Year US T-NOTE, with a Market Price of $150 and a Difference in Contracts of +18 Pips ($0.18), spread of 0.05 and daily overnight interest charge of -0.0028%, the calculation is as follows:

Long Position: (10 x -0.18) + (-0.05 x 10) + (10 x 150 x -0.000028) = -1.80 + (-0.50) + (-0.04) = -$2.34

Short Position: (10 x +0.18) + (-0.05 x 10) + ((10 x 150 x -0.000028) = 1.80 + (-0.50) + (-0.04) = +$1.26

Note: Ava Trade platforms display overnight interest (swaps) in annualised terms.

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.

交易所買賣基金 (4)
交易所買賣基金點差計算

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

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*

AvaTrade is compensated through the Bid-Ask spread, except when otherwise stated.

AvaTrade does not charge commissions on any trade.

交易所買賣基金保證金計算

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

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

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

Example

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

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

交易所買賣基金買入/賣出隔夜利息計算

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

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

Trade Size x End of Day Market Price x Daily Overnight Interest = Daily Overnight Interest Charged/Paid*

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

Example

For a trade of 10 Financial Select Sector SPDR shares, with an End of Day Market Price of $24.00 and a Daily Overnight Interest Buy (or Sell) rate of -0.0083%, and subject to a charge for 1 day, the calculation is as follows:

10 x 24.00 x -0.000083 = -0.019 = -$0.02* rounded.

Note: Ava Trade platforms display overnight interest (swaps) in annualised terms.

交易所買賣基金展期信息與計算

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

For a trade of 10 Financial Select Sector SPDR shares, with a GROSS Div. of $1.00, the calculation is as follows:

Long Position: (1 x 1.00) x 0.90 = 1.00 x 0.90 = +$0.90

Short Position: (1 x 1.00) x -1 = 1.00 x -1 = -$1.00

For ALL other Corporate Actions: Rights Issue, Stock/Reverse Splits, etc. and as these actions can happen suddenly and without prior knowledge, Open Positions and Orders will be Closed/Removed at the end of the cum-action day at market price on the particular equity.

Note: There are no costs to clients in relation to these other Corporate Actions.

AVA OPTIONS (4)
外匯點差計算

AVAOPTIONS 交易條件顯示出金融商品(如即期價差)以及商品選擇權(如選擇權價差)等一般的買賣價差(Pips) 。標準價差就如同一般市場條件底下所載。選擇權價差是以一個月期平價選擇權為基礎。

價差成本計算公式:價差 x 交易規模 = 以計價貨幣*計算的價差費用

*計價貨幣為外匯貨幣對中後方的貨幣(CUR1/CUR2:USD/JPY、EUR/USD等)。

範例

10,000 EUR/USD的即期交易,點差2.1pips(0.00021),其計算如下:

0.00021 X 10,000 = $2.10*

除非另有說明,AVATRADE身為做市商將通過買賣價差獲取報酬。AVATRADE不就任何交易收取佣金。

選擇權權利金的計算

AVAOPTIONS 的交易平台讓交易人可以就商品的選擇權進行買賣,最典型的就是交易條件中所顯示的外匯貨幣對。

當購買選擇權時,選擇權的成本(也稱為選擇權權利金)會自帳戶中的自由現金扣除。自由現金即保證金以外額外的現金餘額。

當賣出選擇權時,交易的現金會立即記入帳戶現金結餘中。若是放空選擇權(賣空),任何保證金都必須與自由現金相等才行。

若帳戶中沒有足夠的自由現金做為保證金,交易不得進行。

選擇權權利金以計價貨幣計算。

選擇權權利金計算公式:價格 x 交易規模 = 以計價貨幣*計算的價差費用

*計價貨幣為外匯貨幣對中後方的貨幣(CUR1/CUR2:USD/JPY、EUR/USD等)。

範例

10,000 EUR/USD的買入選擇權,價格為0.00560,其計算如下:

0.00560 X 10,000 = USD 56.00

若帳戶的貨幣與計價貨幣不同,選擇權權利金將立即以現行即期匯率轉換成帳戶貨幣,該匯率可以在未結頭寸的視窗中找到。

除非另有說明,AVATRADE身為做市商將通過買賣價差獲取報酬。AVATRADE不就任何交易收取佣金。

AVAOPTIONS保證金計算

AVAOPTIONS 的交易平台讓交易人能就外匯和其他商品的即期或選擇權進行保證金買賣,以進行槓桿交易。AVAOPTIONS交易條件顯示出保證金和槓桿的部分;保證金以百分比表示,槓桿的部分則以比例表示。

選擇權是種槓桿性商品,不能以保證金購買。購買選擇權的成本必須符合對自由現金的要求,即帳戶中現金餘額超出保證金的部分。同樣的,選擇權賣出(放空)的保證金也必須符合對自由現金的要求。

就各種商品來說(如貨幣對),保證金是用來應付多種情境中最惡劣的結果。特別是標的金融商品是就其保證金比例(如0.50%)而上下震動。選擇權和即期頭寸的價值會重新計算,依據的就這些點數和隱含波動率兩個端點的中間五點:增加30%和0%。投資組合最糟的結果就做為該金融商品的保證金。

其他金融商品也是一樣的。每一項商品所必要的保證金總金額即為總保證金,在AVAOPTIONS平台上,這總金額是隨時顯示在帳戶和所有報告中。在進行任何交易的訂單視窗中也可以見到保證金的金額。

外匯買賣隔夜利息計算

AVAOPTIONS 的交易條件顯示出所持頭寸或在我們盤後時間所開的其他商品,所收取/支付之360天為基礎的隔夜(O/N)利率。這些利率顯示在“隔夜利息 – 買”和“隔夜利息 – 賣”的欄位中。盤後時間為22:00 GMT(格林威治標準時間),日光節約時間期間則改為21:00 GMT。

選擇權的頭寸不收取隔夜利息。

您可使用下列公式,以公布的利率來計算您的隔夜利息:

交易量 x 隔夜利率 x 天數 = 所收取/支付*的利息

                                           360 天

*所收取/支付的利息是以原貨幣計算;原貨幣即為外匯貨幣對中在前的貨幣(CUR1/CUR2:USD/JPY、EUR/USD等)。

範例

在10,000 EUR/USD的交易中,買(或賣)的隔夜利率為-1.00%,且須支付一天的金額,其計算如下:

(10,000 x -0.0100 x 1)/360 = -100/360 = -0.2778 = -€0.28*(進位後)

AVATRADE在隔夜市場放款利率上有一標準的加價,用來計算其買賣的隔夜利率,在買入上含有-30基準點的加價,而在賣出上含有+30基準點的加價;這些利率經常更新。請注意,有些隔夜利息的計算含有較高的加價。

閒置費和管理費 (2)
閒置費

客戶需要知道客戶的交易帳戶可能會被收取一筆閒置費,除非法律禁止。連續3個月沒有使用(閒置期),並且在每一個連續的不使用期間,閒置費將會從客戶的交易帳戶中扣除。此費用概述如下:

閒置費:

  • 美金帳戶:$25
  • 歐元帳戶:€25
  • 英鎊帳戶:£25

此費用會定期更改。

管理費

客戶需要知道客戶的交易帳戶可能會被收取一年的管理費,除非法律禁止。連續12個月沒有使用(年度閒置期),一筆管理費將會從客戶的交易帳戶中扣除。此費用概述如下:此費用是為了抵消服務時所產生的費用,即使它沒有被使用。

管理費:

  • 美金帳戶:$100
  • 歐元帳戶:€100
  • 英鎊帳戶:£100

此費用會定期更改。

TRADING CONDITIONS:

Spreads:

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

Overnight Interest Rates:

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

Margin:

  • Margin requirements can increase based on position size.

Maximum Trades/Orders:

  • MetaTrader Minimum Nominal Trade Size = 0.01
  • Trading Hours may change due to Daylight Savings Time.

Crypto Currencies:

  • ETHEREUM, DASH, RIPPLE, ETCUSD, BITCOIN Mini, BTCEUR & LITECOIN Mini – Trading is 24/7 with limited trading on weekends for MetaTrader accounts. Trading is 24/5 for AvaTradeAct accounts. During the weekend, MetaTrader clients can close open positions, modify/remove open entry orders, modify/place/remove stop loss & take profit orders. Clients cannot open new positions or new entry orders over the weekend; No Expiry.
  • Crypto Currency trading is not available on Islamic accounts.
  • Margin Calls on Crypto Currencies will be enforced during the weekends based on market trading rates. Should you wish to avoid this risk, clients should close their positions on Friday before EOD.
  • Maximum cumulative open trade size of 10 LOTS per customer for Crypto Currencies:
    • 100 BTCUSD (10 LOTS)
    • 1,000 ETHEREUM (10 LOTS)
    • 1,000 DASH (10 LOTS)
    • 1,000,000 RIPPLE (10 LOTS)
    • 5,000 LITECOIN Mini (50 LOTS)***

***LITECOIN Mini has a maximum open trade size of 5,000 (50 LOTS).

AvaTrade reserves the right to cancel any excess trades or exposures that exceed the outlined threshold limits, all cancelled trades will be closed at their opening rates.

AvaTrade reserves the right to modify its threshold limits, affected clients will be notified in advance and may be required to reduce their exposure.

Your access to and use of the website and/or platform constitutes your acceptance of these Trading Conditions and any other legal notices and statements contained on same. Ava may modify these Trading Conditions at any time and without prior notice. Your continued access to and use of the website and/or platform constitutes your acceptance of these Trading Conditions as modified.