Dealing Details

Hours

The dealing desk is open between Sunday 14:30 to Friday 16:00 Eastern Standard Time (GMT-5).

Spreads*

Forex Symbol | Spread | Currency Pairs| Trading Terminologies
EUR/USD | 3 pips | Euro / U.S. Dollar | Euro
USD/JPY | 3 pips | U.S. Dollar / Japanese | Dollar Yen
GBP/USD | 5 pips | British Pound / U.S. Dollar | Cable or Sterling
USD/CHF | 4 pips | U.S. Dollar / Swiss Franc | Dollar Swiss
EUR/JPY | 4 pips | Euro / Japanese Yen | Euro Yen
NZD/USD | 4 pips | New Zealand Dollar / U.S. Dollar | Kiwi
USD/CAD | 5 pips | U.S. Dollar / Canadian Dollar |Dollar Canada
AUD/USD | 4 pips | Australian Dollar / U.S. Dollar | Aussie
EUR/GBP | 5 pips | Euro / British Pound | Euro Sterling
EUR/CHF | 5 pips | Euro / Swiss Franc | Euro Swiss
AUD/JPY | 7 pips | Australian Dollar / Japanese Yen | Aussie Yen
CHF/JPY | 8 pips | Swiss Franc / Japanese Yen | Swiss Yen
AUD/NZD | 8 pips | Australian Dollar / New Zealand Dollar | Aussie Kiwi
EUR/CAD | 9 pips | Euro / Canadian Dollar | Euro Canada
AUD/CAD | 9 pips | Australian Dollar / Canadian Dollar | Aussie Canada
CAD/JPY | 9 pips | Canadian Dollar / Japanese Yen | Canada Yen
NZD/JPY | 9 pips | New Zealand Dollar / Japanese Yen | Kiwi Yen
GBP/JPY | 9 pips | British Pound / Japanese Yen | Sterling Yen
GBP/CHF | 12 pips | British Pound / Swiss Franc | Sterling Swiss
EUR/AUD | 12 pips | Euro / Australian Dollar | Euro Aussie


* Spreads that are offered during significant market events, such events including but not limited to the release of non-farm payroll data, may vary from the spreads indicated above and reflect the volatility that is occurring in the inter-bank market due to such events.

Rollover/Interest Policy (Premium)

In the spot Forex market trades settle in two business days.  If a trader sells 100,000 Euros on Tuesday, the seller must deliver 100,000 Euros on Thursday unless the position is held open and rolled over to the next value date.  As a service to our traders, ApexForex automatically rolls over all open positions to the next settlement date at 5:00 PM Eastern Standard Time.  Rollover involves exchanging the expiring position for a position expiring the following settlement date.  The positions being exchanged are not valued at the same price.  If a trader is long the currency bearing the higher interest rate, the position "being sold" is worth more than the position being acquired.  The reverse is also true; if a trader is short the currency bearing the higher interest rate, the trader is acquiring a position worth more than the one "being sold".  The amount of the difference varies based on the currency pair, the interest rate differential between the two currencies, and fluctuates day to day.

At 5:00 PM each day, funds are subtracted from or added to accounts with open positions because of this automatic roll over. On Wednesdays, the amount added or subtracted to an account as a result of rolling over a position is three times the usual amount.  This "3-Day" rollover accounts for settlement of trades through the weekend period.   When there are bank holidays in either settlement country the normal roll schedule does not apply.