Financial Terms

Depending on the size of your account (ideally $250K+) and/or according to the concentration of risk on a specific trading instrument. House of Borse Limited might consider increasing its default margin requirements, therefore, providing lower leverage when trading margin related instruments.

Instrument Required Margin1 Markup Fee of a Pip Management Fee Value time (GMT +3) Tick Factor2 Minimum trade size Contract size
EURUSD 1% 0.1 $7.5 23:59 0.0001 1,000 100,000
USDCAD 1% 0.2 $7.5 23:59 0.0001 1,000 100,000
USDJPY 1% 0.1 $7.5 23:59 0.0100 1,000 100,000
USDCHF 2% 0.2 $7.5 23:59 0.0001 1,000 100,000
AUDUSD 1% 0.2 $7.5 23:59 0.0001 1,000 100,000
GBPUSD 3% 0.2 $7.5 23:59 0.0001 1,000 100,000
NZDUSD 1% 0.2 $7.5 23:59 0.0001 1,000 100,000
EURGBP 3% 0.2 $7.5 23:59 0.0001 1,000 100,000
EURJPY 1% 0.2 $7.5 23:59 0.0100 1,000 100,000
GBPJPY 3% 0.2 $7.5 23:59 0.0100 1,000 100,000
AUDJPY 2% 0.2 $7.5 23:59 0.0100 1,000 100,000
EURCHF 2% 0.2 $7.5 23:59 0.0001 1,000 100,000
EURHUF 4% 0.3 $7.5 23:59 0.0100 1,000 100,000
NZDCAD 2% 0.2 $7.5 23:59 0.0001 1,000 100,000
GBPCAD 3% 0.2 $7.5 23:59 0.0001 1,000 100,000
EURCAD 2% 0.2 $7.5 23:59 0.0001 1,000 100,000
CHFJPY 2% 0.2 $7.5 23:59 0.0100 1,000 100,000
CADJPY 1% 0.2 $7.5 23:59 0.0100 1,000 100,000
CADCHF 2% 0.2 $7.5 23:59 0.0001 1,000 100,000
AUDNZD 2% 0.2 $7.5 23:59 0.0001 1,000 100,000
AUDCAD 2% 0.2 $7.5 23:59 0.0001 1,000 100,000
CADSGD 3% 0.3 $7.5 23:59 0.0001 1,000 100,000
EURDKK 3% 0.2 $7.5 23:59 0.0001 1,000 100,000
EURSEK 3% 0.3 $7.5 23:59 0.0001 1,000 100,000
GBPSGD 5% 0.3 $7.5 23:59 0.0001 1,000 100,000
GBPDKK 5% 0.3 $7.5 23:59 0.0001 1,000 100,000
GBPHKD 5% 0.3 $7.5 23:59 0.0001 1,000 100,000
GBPSEK 5% 0.3 $7.5 23:59 0.0001 1,000 100,000
NZDSGD 3% 0.3 $7.5 23:59 0.0001 1,000 100,000
USDDKK 3% 0.2 $7.5 23:59 0.0001 1,000 100,000
USDHUF 4% 0.3 $7.5 23:59 0.0100 1,000 100,000
USDNOK 3% 0.3 $7.5 23:59 0.0001 1,000 100,000
USDPLN 4% 0.3 $7.5 23:59 0.0001 1,000 100,000
USDSEK 3% 0.3 $7.5 23:59 0.0001 1,000 100,000
USDSGD 3% 0.2 $7.5 23:59 0.0001 1,000 100,000
Instrument Required Margin1 Markup Fee of a Pip Management Fee Value time (GMT +3) Tick Factor2 Minimum trade size Contract size
AUDCHF 2% 0.2 $14.5 23:59 0.0001 1,000 100,000
EURAUD 2% 0.2 $14.5 23:59 0.0001 1,000 100,000
EURNZD 2% 0.2 $14.5 23:59 0.0001 1,000 100,000
GBPAUD 3% 0.2 $14.5 23:59 0.0001 1,000 100,000
GBPCHF 3% 0.2 $14.5 23:59 0.0001 1,000 100,000
GBPNZD 3% 0.2 $14.5 23:59 0.0001 1,000 100,000
NZDJPY 2% 0.2 $14.5 23:59 0.0100 1,000 100,000
CHFNOK 3% 0.3 $14.5 23:59 0.0001 1,000 100,000
CHFPLN 4% 0.3 $14.5 23:59 0.0001 1,000 100,000
CHFSGD 3% 0.3 $14.5 23:59 0.0001 1,000 100,000
EURNOK 3% 0.3 $14.5 23:59 0.0001 1,000 100,000
EURSGD 3% 0.3 $14.5 23:59 0.0001 1,000 100,000
EURPLN 4% 0.3 $14.5 23:59 0.0001 1,000 100,000
GBPPLN 5% 0.3 $14.5 23:59 0.0001 1,000 100,000
NZDCHF 2% 0.2 $14.5 23:59 0.0001 1,000 100,000
NZDSEK 3% 0.3 $14.5 23:59 0.0001 1,000 100,000
USDCZK 4% 0.2 $14.5 23:59 0.0010 1,000 100,000
USDCNH 8% 0.3 $14.5 23:59 0.0001 1,000 100,000
USDHKD 4% 0.2 $14.5 23:59 0.0001 1,000 100,000
USDTHB 8% 0.2 $14.5 23:59 0.0100 1,000 100,000
Instrument Required Margin1 Markup Fee of a Pip Management Fee Value time (GMT +3) Tick Factor2 Minimum trade size Contract size
EURZAR 8% 0.3 $35 23:59 0.0001 1,000 100,000
GBPZAR 5% 0.3 $35 23:59 0.0001 1,000 100,000
USDMXN 8% 0.3 $35 23:59 0.0001 1,000 100,000
EURTRY 8% 0.3 $35 23:59 0.0001 1,000 100,000
EURMXN 8% 0.3 $35 23:59 0.0001 1,000 100,000
USDTRY 8% 0.3 $35 23:59 0.0001 1,000 100,000
USDZAR 8% 0.3 $35 23:59 0.0001 1,000 100,000
USDRUB 8% 0.3 $35 23:59 0.0001 1,000 100,000
Instrument Required Margin1 Markup Fee of a Pip Management Fee Value time (GMT +3) Tick Factor2 Minimum trade size Contract size
XAUUSD 2% 0.1 $7.5 23:59 1.0000 1 100
XAGUSD 5% 0.1 $7.5 23:59 1.0000 50 5,000
XPDUSD 8% 0.1 $7.5 23:59 1.0000 1 100
XPTUSD 8% 0.1 $7.5 23:59 1.0000 1 100

1 Margin requirements may change or additional collateral required depending on position size and/or account currency.

  • USD on Base Currency: i.e. USDCHF = 0.03 * 100,000 = $3,000
  • USD not on Base Currency: i.e. EURUSD = 0.01 * 100,000 * Rate of Base Currency against
  • USD Currency = 0.01 * 100,000 * 1.1300 = $1,300

2 The price increment representing 1 whole trading unit, by which P&L and both initial and variation margin is calculated.

- During National holidays and Bank holidays, management fees will be charged in advance (T+2+Holiday Period).

- Open positions rolled-over on Wednesday to Thursday and Thursday to Friday (for Canadian Dollar, Turkish Lira and Russian Ruble), will include weekend swaps or 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.

TRADING AND HEDGING CONDITIONS

  • To charge clients swaps/management fee for all active trade positions.
  • To charge clients the rollover/swaps or the management fee (for the interest free accounts) for both sides of the hedge (Long and Short). Therefore, both sides of the hedge will account for the full rollover/management fee.
  • Rollover and/or management will be applicable over the weekend for all active positions.
  • During National holidays and Bank holidays, management fees will be charged in advance (T+2+Holiday Period).

  • Open positions rolled-over on Wednesday to Thursday and Thursday to Friday (for Canadian Dollar, Turkish Lira and Russian Ruble), will include weekend swaps or management fee charges.
  • Margin shall be charged on all hedged positions, where the margin requirement will be applicable on the larger leg/side of the of total hedge exposure.

CFD TRADING

House of Borse Limited currently charge no financing costs for commodities and expiring Index-trackers CFDs, please note that three (3) days prior to the contract expiration no new orders might be placed other than orders closing existing positions and orders cancelling placed orders. One (1) day prior to expiration soon after 17:00 GMT any positions still open will be automatically closed at the market price.

* 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.

 

InstrumentDaily Trading HoursWeekend/Break time
Spot FX00:01 GMT+2 (GMT+3 during the summer period) - 23:56 GMT+2 (GMT+3 during the summer period)23:55 GMT+2 (GMT+3 during the summer period) - 00:01 GMT+2 (GMT+3 during the summer period) 
Spot Metals01:01 GMT+2 (GMT+3 during the summer period) - 23:56 GMT+2 (GMT+3 during the summer period)23:55 GMT+2 (GMT+3 during the summer period) - 01:01 GMT+2 (GMT+3 during the summer period) 
US OIL01:01 GMT+2 (GMT+3 during the summer period) - 23:56 GMT+2 (GMT+3 during the summer period)23:55 GMT+2 (GMT+3 during the summer period) - 01:01 GMT+2 (GMT+3 during the summer period) 
UK OIL03:01 GMT+2 (GMT+3 during the summer period) - 23:55 GMT+2 (GMT+3 during the summer period)23:55 GMT+2 (GMT+3 during the summer period) - 03:01 GMT+2 (GMT+3 during the summer period) 
UK10003:01 GMT+2 (GMT+3 during the summer period) - 22:45 GMT+2 (GMT+3 during the summer period)22:45 GMT+2 (GMT+3 during the summer period) - 03:01 GMT+2 (GMT+3 during the summer period) 
UK GAS OIL03:01 GMT+2 (GMT+3 during the summer period) - 23:56 GMT+2 (GMT+3 during the summer period)23:55 GMT+2 (GMT+3 during the summer period) - 01:01 GMT+2 (GMT+3 during the summer period) 
US Indices01:01 GMT+2 (GMT+3 during the summer period) - 22:59 GMT+2 (GMT+3 during the summer period)22:59 GMT+2 (GMT+3 during the summer period) - 01:01 GMT+2 (GMT+3 during the summer period) 

House of Borse aims to open and close markets as close to the posted trading hours as possible, however, the lack of liquidity at or around market open and close for any CFD instrument can impede execution and price delivery. 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.