Financial Terms

House of Borse offers you the opportunity to trade on Foreign Exchange (FX) and CFD Contracts on Oil, Indices, Silver and Gold using one of the most popular trading platforms in the world - MetaTrader 4.

Instrument Required Margin1 Markup Fee of a Pip Management Fee Value time2 Tick Factor3 Minimum trade size Contract size
EURUSD Dynamic 0.1 $7.5 23:59 0.0001 1,000 100,000
USDCAD Dynamic 0.2 $7.5 23:59 0.0001 1,000 100,000
USDJPY Dynamic 0.1 $7.5 23:59 0.0100 1,000 100,000
USDCHF Dynamic 0.2 $7.5 23:59 0.0001 1,000 100,000
AUDUSD Dynamic 0.2 $7.5 23:59 0.0001 1,000 100,000
GBPUSD Dynamic 0.2 $7.5 23:59 0.0001 1,000 100,000
NZDUSD Dynamic 0.2 $7.5 23:59 0.0001 1,000 100,000
EURGBP Dynamic 0.2 $7.5 23:59 0.0001 1,000 100,000
EURJPY Dynamic 0.2 $7.5 23:59 0.0100 1,000 100,000
GBPJPY Dynamic 0.2 $7.5 23:59 0.0100 1,000 100,000
AUDJPY Dynamic 0.2 $7.5 23:59 0.0100 1,000 100,000
EURCHF Dynamic 0.2 $7.5 23:59 0.0001 1,000 100,000
EURHUF Dynamic 0.3 $7.5 23:59 0.0100 1,000 100,000
NZDCAD Dynamic 0.2 $7.5 23:59 0.0001 1,000 100,000
GBPCAD Dynamic 0.2 $7.5 23:59 0.0001 1,000 100,000
EURCAD Dynamic 0.2 $7.5 23:59 0.0001 1,000 100,000
CHFJPY Dynamic 0.2 $7.5 23:59 0.0100 1,000 100,000
CADJPY Dynamic 0.2 $7.5 23:59 0.0100 1,000 100,000
CADCHF Dynamic 0.2 $7.5 23:59 0.0001 1,000 100,000
AUDNZD Dynamic 0.2 $7.5 23:59 0.0001 1,000 100,000
AUDCAD Dynamic 0.2 $7.5 23:59 0.0001 1,000 100,000
CADSGD Dynamic 0.3 $7.5 23:59 0.0001 1,000 100,000
EURDKK Dynamic 0.2 $7.5 23:59 0.0001 1,000 100,000
EURSEK Dynamic 0.3 $7.5 23:59 0.0001 1,000 100,000
GBPSGD Dynamic 0.3 $7.5 23:59 0.0001 1,000 100,000
GBPDKK Dynamic 0.3 $7.5 23:59 0.0001 1,000 100,000
GBPHKD Dynamic 0.3 $7.5 23:59 0.0001 1,000 100,000
GBPSEK Dynamic 0.3 $7.5 23:59 0.0001 1,000 100,000
NZDSGD Dynamic 0.3 $7.5 23:59 0.0001 1,000 100,000
USDDKK Dynamic 0.2 $7.5 23:59 0.0001 1,000 100,000
USDHUF Dynamic 0.3 $7.5 23:59 0.0100 1,000 100,000
USDNOK Dynamic 0.3 $7.5 23:59 0.0001 1,000 100,000
USDPLN Dynamic 0.3 $7.5 23:59 0.0001 1,000 100,000
USDSEK Dynamic 0.3 $7.5 23:59 0.0001 1,000 100,000
USDSGD Dynamic 0.2 $7.5 23:59 0.0001 1,000 100,000
Instrument Required Margin1 Markup Fee of a Pip Management Fee Value time2 Tick Factor3 Minimum trade size Contract size
AUDCHF Dynamic 0.2 $14.5 23:59 0.0001 1,000 100,000
EURAUD Dynamic 0.2 $14.5 23:59 0.0001 1,000 100,000
EURNZD Dynamic 0.2 $14.5 23:59 0.0001 1,000 100,000
GBPAUD Dynamic 0.2 $14.5 23:59 0.0001 1,000 100,000
GBPCHF Dynamic 0.2 $14.5 23:59 0.0001 1,000 100,000
GBPNZD Dynamic 0.2 $14.5 23:59 0.0001 1,000 100,000
NZDJPY Dynamic 0.2 $14.5 23:59 0.0100 1,000 100,000
CHFNOK Dynamic 0.3 $14.5 23:59 0.0001 1,000 100,000
CHFPLN Dynamic 0.3 $14.5 23:59 0.0001 1,000 100,000
CHFSGD Dynamic 0.3 $14.5 23:59 0.0001 1,000 100,000
EURNOK Dynamic 0.3 $14.5 23:59 0.0001 1,000 100,000
EURSGD Dynamic 0.3 $14.5 23:59 0.0001 1,000 100,000
EURPLN Dynamic 0.3 $14.5 23:59 0.0001 1,000 100,000
GBPPLN Dynamic 0.3 $14.5 23:59 0.0001 1,000 100,000
NZDCHF Dynamic 0.2 $14.5 23:59 0.0001 1,000 100,000
NZDSEK Dynamic 0.3 $14.5 23:59 0.0001 1,000 100,000
USDCZK Dynamic 0.2 $14.5 23:59 0.0010 1,000 100,000
USDCNH Dynamic 0.3 $14.5 23:59 0.0001 1,000 100,000
USDHKD Dynamic 0.2 $14.5 23:59 0.0001 1,000 100,000
USDTHB Dynamic 0.2 $14.5 23:59 0.0100 1,000 100,000
Instrument Required Margin1 Markup Fee of a Pip Management Fee Value time2 Tick Factor3 Minimum trade size Contract size
EURZAR Dynamic 0.3 $35 23:59 0.0001 1,000 100,000
GBPZAR Dynamic 0.3 $35 23:59 0.0001 1,000 100,000
USDMXN Dynamic 0.3 $35 23:59 0.0001 1,000 100,000
EURTRY Dynamic 0.3 $35 23:59 0.0001 1,000 100,000
EURMXN Dynamic 0.3 $35 23:59 0.0001 1,000 100,000
USDTRY Dynamic 0.3 $35 23:59 0.0001 1,000 100,000
USDZAR Dynamic 0.3 $35 23:59 0.0001 1,000 100,000
USDRUB Dynamic 0.3 $35 23:59 0.0001 1,000 100,000
Instrument Required Margin1 Markup Fee of a Pip Management Fee Value time2 Tick Factor3 Minimum trade size Contract size
XAUUSD Dynamic 0.1 $7.5 23:59 0.01 1 100
XAGUSD Dynamic 0.1 $7.5 23:59 0.001 50 5,000
XPDUSD Dynamic 0.1 $7.5 23:59 0.01 1 100
XPTUSD Dynamic 0.1 $7.5 23:59 0.01 1 100
Instrument Required Margin1 Commission and Fees Tick Factor3 Minimum trade size Contract size
US Crude Oil Dynamic Commission only 0.01 100 1000
UK Crude Oil Dynamic Commission only 0.01 100 1000
UK Gas Oil Dynamic Commission only 0.01 10 100
UK 100 Index Dynamic Commission + One Tick 0.01 1 10
US SPX 500 Index Dynamic Commission + One Tick 0.01 5 50
US 30 Wall Street Index Dynamic Commission + One Tick 0.1 1 10
US Tech 100 Index Dynamic Commission + One Tick 0.01 2 20

1 The Margin requirement is dependent on the size of your position and will vary for the position hedged (under Dynamic Margin Requirement).

2 All times are GMT +2 except during US Day Light Saving when they are GMT+3.

3 The tick factor represents the smallest movement to the price of the instrument. It is the reference point to calculate profit/ loss.

4 The base currency of your account(s), is the currency denomination that you have selected for your main account according to the application submitted to open an account with us.

5 Profits and losses are converted to the base currency of the account using the mid-price of the FX Spot rate +/- 0.5%, when you close the position. The same method of conversion is also applied to any other trading costs.

6 Management Fees for National and bank holidays (where applicable to the relevant markets), will be charged in advance (T+2+Holiday Period).

7 Open Positions rolled over on Wednesday to Thursday (all currency except for CAD, RUB & TRY) will include weekend swaps/management fee charges.

8 Open Positions rolled over on Thursday to Friday (For CAD, RUB & TRY only) will include weekend swaps/management fee charges.

SUPPORTED ORDER TYPES

  • All market standard order types are available, i.e. Market Order, Limit and Stops Orders. 
  • Market Order shall mean an order to buy or sell a financial instrument at the best price available at the time that the order is placed.
  • Entry Order shall mean an order, stop or limit, initiating an open position and executed when a specific price level is reached as specified in the Entry Order.
  • Trailing Stops, where the stop level moves in line with the market price, are supported for all positions.
  • All Stop and Limit Orders are placed as: Good till Cancelled (GTC) – order stays open until cancelled or when filled.

LIMIT ORDERS

  • Limit Order shall mean an order to buy or sell a financial instrument at its specified price limit or better.
  • Limit Orders are used to take profit or to enter the market at a certain price level.
  • Limit Orders are never filled at a price worse than the original limit price (but can result in a rejection/partial fill).

STOP ORDERS

  • Stop Order shall mean an order to buy or sell a financial instrument once the price of that share reaches a specified price.
  • Stop Orders are typically used to limit losses at a certain price level.
  • Stop Orders are typically filled at the stop level selected by the client or at a price worse than the selected.
  • Stop Orders to buy can only be placed above the current market price with no minimum difference from market price.
  • Stop Orders to sell can only be placed below the current market price with no minimum difference from market price.

CFD TRADING

  • All Our CFDs markets have expiry dates. Expiry dates for CFDs can be seen on the client terminal.
  • Any open positions are settled/ closed out on our quote after 17:00 GMT on the last day prior to expiration of the market.
  • All times are GMT +3 for period where US Day Light Saving is in place, otherwise GMT+2
  • IT IS the CLIENT’S RESPONSIBILITY TO BE AWARE OF MARKET EXPIRIES AND MANAGE POSITIONS ACCORDINGLY
  • House of Borse Limited currently charge no financing costs for commodities and expiring Index-trackers CFDs
  • Three(3) days prior to the contract expiration no new orders can be placed other than orders closing existing positions and orders cancelling placed orders.
  • All orders in CFDs are routed as Market orders

Should you have any queries to these Financial Terms please contact House of Borse. Commencement of trading with House of Borse shall be deemed as acceptance of these Financial Terms.

 

Unless otherwise defined in these Financial Terms, any capitalised terms shall have the meaning given to them in House of Borse’s Standard Terms of Business. We will endeavour to provide you with notice should these Financial Terms change, however, it remains your sole responsibility to ensure that you view this page on regular basis in order to keep updated on any changes.

 

 SPOT FXSPOT METALSUS OILUK OILUK GASUS INDICESUK100
MON00:05 - 23:5601:01 - 23:5601:01 - 23:5603:01 - 23:5503:01 - 23:5501:01 - 22:5903:00 - 22:45
TUE00:05 - 23:5601:01 - 23:5601:01 - 23:5603:01 - 23:5503:01 - 23:5501:01 - 22:5903:00 - 22:45
WED00:05 - 23:5601:01 - 23:5601:01 - 23:5603:01 - 23:5503:01 - 23:5501:01 - 22:5903:00 - 22:45
THU00:05 - 23:5601:01 - 23:5601:01 - 23:5603:01 - 23:5503:01 - 23:5501:01 - 22:5903:00 - 22:45
FRI00:05 - 23:5501:01 - 23:5501:01 - 23:5503:01 - 23:5503:01 - 23:5501:01 - 22:5903:00 - 22:45

1 All times are GMT +2 exceptduring US Day Light Saving when they are GMT+3.

2 House of Borse aims to open and close markets as close to the posted trading hours as possible. However, House of Borse may delay market open or bring forward market close on specific instruments in an effort to protect clients from quoted prices or executions that are not representative of the true market price if, for example, there is a lack of liquidity.