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Forex trading terms

Category: Accounts and Trading Products | Tags: Trading Basics


Forex spreads

Our unique Asia-based trading server setup ensures split-second execution with minimal slippage. Juno Markets offers an all-in variable spread, ensuring that our clients are always trading on the tightest possible spread at any given time. The below chart summarizes the key points of the major FX crosses, but please always refer to your MT4 platform for the most updated information.

Instrument Lot size Tick size Minimum trade size Maximum trade size Spreads from
EURUSD 100,000 0.00001 0.01 lots 20 lots 2 pips
GBPUSD 100,000 0.00001 0.01 lots 20 lots 2 pips
GBPJPY 100,000 0.001 0.01 lots 20 lots 2.5 pips
AUDUSD 100,000 0.00001 0.01 lots 20 lots 2 pips
NZDUSD 100,000 0.00001 0.01 lots 20 lots 2 pips
USDCAD 100,000 0.00001 0.01 lots 20 lots 2 pips
USDJPY 100,000 0.00001 0.01 lots 20 lots 2 pips
XAUUSD 100 oz 0.01 0.01 lots 20 lots 40 cents
XAGUSD 5,000 oz 0.001 0.01 lots 20 lots 4 cents

Rollovers

Rollover takes place at 5pm New York (EST) every day. Any positions that are open at 5pm are considered to be held overnight, and are subject to rollover. A position opened at 5:01 pm is not subject to rollover until the next day, while a position opened at 4:59 pm is subject to rollover at 5 pm.

Rollover rates are updated according to the prevailing interest rates, and can be viewed in the MT4 platform.

Trading hours

The forex trading hours are from 21:00 GMT Sunday to 21:00 GMT Friday.
Note: For demo accounts, all symbols are available and ticking from 23:00 GMT Sunday to 20:00 GMT Friday.

Trading hour details are subject to change. While we will make our best efforts to keep this information up-to-date, please confirm trading hours with our Customer support.

Leverage

Standard leverage for all forex crosses is 200:1 for the Juno Account, and 400:1 for the Juno Intro Account (maximum account size is $2,000).

For risk management purposes, we reserve the right to reduce leverage for larger accounts.

*15 minutes before U.S. Non Farm Payroll announcements, all accounts on 400:1 leverage will be temporarily changed to 200:1.  Leverage will revert back to their original settings 15 minutes after the announcement.

Margin call and stop-out

Margin call will be issued at 100% margin level. When in margin call, clients will not be able to open new positions.

At 50% margin level, automatic liquidation (stop-out) of positions will occur to protect the remaining equity on the account.