Terms

Trading requirements

Margin, spread and execution rules that apply to every Example-9 live account.
Reference

Advertised spreads

InstrumentAdvertisedSession averageMeasurement window
EUR/USD0.6 pips0.7 pipsLondon hours, prior quarter
GBP/USD0.9 pips1.1 pipsLondon hours, prior quarter
US 5000.5 points0.6 pointsUS cash hours, prior quarter
XAU/USD0.280.31London hours, prior quarter
UKOIL0.040.05London hours, prior quarter

Advertised spreads describe typical conditions during the stated window. Spreads widen around news events, at rollover and in thin liquidity.

Execution policy

Execution disclaimer

Orders are executed at the best price available from our aggregated liquidity at the moment of receipt. In fast markets the executable price may differ from the price displayed when the order was submitted — positive and negative slippage both occur and are applied symmetrically. Stop-loss orders are not guaranteed unless purchased as a guaranteed stop, and may be filled at the next available price after a gap.

Margin requirements

Margin is calculated in real time. If equity falls below 100% of margin requirement the terminal issues a margin call; at 50% positions are closed automatically, largest loss first, until the level is restored.

Order types accepted

Market, limit, stop, stop-limit and trailing-stop orders are supported on all instruments. Pending orders remain valid until cancelled unless an expiry is specified.

Need the full execution policy?

We publish quarterly execution statistics on request.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74–89% of retail investor accounts lose money when trading CFDs with this provider. Consider whether you understand how CFDs work and whether you can afford the high risk of losing your money.