Forex trading details

Quote

Straight offer

Each foreign exchange price is based on the real-time inter bank exchange rate, that is, the exchange rate of US dollars (US dollars) or the exchange rate of Hong Kong dollars (Hong Kong dollars) in foreign currencies, and the bid and ask prices are reported at the same time. The floating market exchange rate between the US dollar and the Hong Kong dollar is determined by the Company with reference to market prices.
Cross quote
Straight is the exchange rate of the main unit of the US dollar against other foreign currencies (such as the euro, the Japanese yen); and the cross is the exchange rate of each major currency except the US dollar. For example, EUR / JPY, EUR / GBP, etc.

Contract unit per lot

StraightMeihuiGateway
EUR  EUR62,500EUR50,000
JPY  JPY12,500,000JPY10,000,000
GBP GBP62,500GBP50,000
CHF CHF125,000CHF100,000
AUD AUD100,000AUD100,000
NZD  NZD100,000NZD100,000
CAD  CAD100,000CAD100,000
Cross
EUR / JPY  EUR62,500
EUR / CHF  EUR62,500
EUR / GBP  EUR62,500
AUD / JPY  AUD100,000

Margin requirements

The initial margin is 5% of the market value of each contract unit, and the maintenance margin of each contract is calculated at 60% of the initial guaranteed amount (5% of the market value of each contract unit). The amount of guarantee needs to be adjusted according to government guidelines and company policies.

Euro EUR 62,500 
Exchange rate5%3%Value
1.400034,12520,47548.75
1.410034,36920,62148.75
1.420034,61320,76848.75
1.430034,85620,91448.75
1.440035,100 21,060 48.75
1.450035,34421,20648.75
1.460035,58821,35348.75
1.470035,83121,49948.75
1.480036,07521,64548.75
1.490036,31921,79148.75
1.500036,56321,93848.75
YEN 12,500,000
Exchange rate5%3%Value
106.0045,99127,59486.77
107.0045,56127,33685.15
108.0045,13927,08383.58
109.0044,72526,83582.06
110.0044,31826,59180.57
111.0043,91926,35179.13
112.0043,52726,11677.72
113.0043,14225,88576.35
114.0042,76325,65875.02
115.0042,39125,43573.72
116.0042,02625,21672.45
GBP 62,500
Exchange rate5%3%Value
2.0148,99429,39648.75
2.0249,23829,54348.75
2.0349,48129,68948.75
2.0449,72529,83548.75
2.0549,96929,98148.75
2.0650,21330,12848.75
2.0750,45630,27448.75
2.0850,70030,42048.75
2.0950,94430,56648.75
2.1051,18830,71348.75
2.1151,43130,85948.75
CHF 125,000
Exchange rate5%3%Value
1.0645,99127,59486.77
1.0745,56127,33685.15
1.0845,13927,08383.58
1.0944,72526,83582.06
1.1044,31826,59180.57
1.1143,91926,35179.13
1.1243,52726,11677.72
1.1343,14225,88576.35
1.1442,76325,65875.02
1.1542,39125,43573.72
1.1642,02625,21672.45
AUD 100,000
Exchange rate5%3%Value
0.8332,37019,42278.00
0.8432,76019,65678.00
0.8533,15019,89078.00
0.8633,54020,12478.00
0.8733,93020,35878.00
0.8834,32020,59278.00
0.8934,71020,82678.00
0.9035,10021,06078.00
0.9135,49021,29478.00
0.9235,88021,52878.00
0.9336,27021,76278.00
CAD 100,000
Exchange rate5%3%Value
0.9640,62524,37584.63
0.9740,20624,12482.89
0.9839,79623,87881.21
0.9939,39423,63679.58
1.0039,00023,40077.99
1.0138,61423,16876.46
1.0238,23522,94174.96
1.0337,86422,71873.52
1.0437,50022,50072.11
1.0537,14322,28670.74
1.0636,79222,07569.41
NZD 100,000
Exchange rate5%3%Value
0.7127,69016,61478.00
0.7228,08016,84878.00
0.7328,47017,08278.00
0.7428,86017,31678.00
0.7529,25017,55078.00
0.7629,64017,78478.00
0.7730,03018,01878.00
0.7830,42018,25278.00
0.7930,81018,48678.00
0.8031,20018,72078.00
0.8131,59018,95478.00

Cross-market basic margin maintenance margin

CrossContract amount Initial Margin Requirement (HKD)Maintenance Margin Requirement (HKD)
Euro / Japanese yen62,500 EuroContract amount x 5% x Euro port exchange rateContract amount x 3% x Euro port exchange rate
Euro / Swiss franc62,500 EuroContract amount x 5% x Euro port exchange rateContract amount x 3% x Euro port exchange rate
EUR / GBP62,500 EuroContract amount x 5% x Euro port exchange rateContract amount x 3% x Euro port exchange rate
AUD / JPY$ 100,000Contract amount x 5% x Australian dollar exchange rateContract amount x 3% x Australian dollar exchange rate

The above trading rules are for reference only.

Bid-ask spread

Direct (US Dollar and Hong Kong Dollar)Minimum bid-ask spread
EUR 5 o’clock
JPY 5 o’clock
GBP 5 o’clock
CHF 5 o’clock
AUD 5 o’clock
NZD 5 o’clock
CAD 5 o’clock
CrossMinimum bid-ask spread
EUR / JPY  10 O’Clock
EUR / CHF  10 O’Clock
EUR / GBP 10 O’Clock
AUD / JPY 10 O’Clock

How to calculate profit

US dollar trading profit calculation

Japanese yen, Swiss franc, Canadian dollar
[(1 / Ask-1 / Bid) x Contract Amount x 7.8 (Exchange Rate) +/- Interest-Handling Fee] x Number of Contracts = Profit and Loss
Euro, British Pound, Australian Dollar, New Zealand Dollar ﹕
[(Bid-Bid) x Contract Amount x 7.8 (Exchange Rate) +/- Interest-Handling Fee] x Number of Contracts = Profit and Loss
Calculation of the trading profit
Euro, Japanese yen, Swiss franc, British pound, Australian dollar, Canadian dollar, New Zealand dollar
[(Bid-Bid) x Contract Amount +/- Interest-Handling Fee] x Number of Contracts = Profit and Loss
Example one
TransactionCustomers buy first and sell two lots of sterling contracts in USD on the same day
Contract unit 62,500 GBP
Buying priceUSD 2.05 per pound
Ask price USD 2.065 per pound
USD / HKD7.8
Handling fee (per contract)Hong Kong Head Office / Outlets: HK $ 300 / HK $ 120
Basic Deposit (Hong Kong) [(62,500 x 2.05 x 7.8) x 5%] x 2
= HK $ 99,937.50 (i.e. HK $ 49,968.75 per contract)
Profit / loss calculation {[(2.065-2.05) x 62,500 x x 7.8]-handling fee} x 2
= HK $ 14,625-Handling fee x 2 (Profit)
Example two
Transaction Clients sell US dollar and buy two Japanese yen contracts on the same day
Contract unit 12,500,000 yen
Buying Price 115.00 yen per US dollar
Ask price 116.00 yen per US dollar
USD / HKD 7.8
Handling fee (per contract) Hong Kong Head Office / Outlets: HK $ 300 / HK $ 120
Basic Deposit (Hong Kong) [(12,500,000 x 1/115 x 7.8) x 5%] x 2
= HK $ 84,783 (i.e. about HK $ 42,391 per lot)
Profit / loss calculation {[(1/115-1/116) x 12,500,000 x 7.8]-handling fee} x 2
= HK $ 14,617.69-Handling Fee x 2 (Profit)

Cross-buying profit calculation

EUR / JPY, GBP / JPY, CHF / JPY, AUD / JPY:
〔(Bid price-Bid price) x Contract amount x Japanese Yen / Hong Kong dollar ÷ 100 + /-Interest-Handling fee〕 x Number of contracts = Profit and loss
EUR / CHF:
〔(Bid price-Bid price) x Contract amount x Swiss franc against Hong Kong dollar + /-Interest-Handling fee〕 x Number of contracts = Profit and loss
EUR / GBP:
〔(Bid price-Bid price) x Contract amount x GBP / HKD + /-Interest-Handling fee〕 x Number of contracts = Profit and loss
Example three
Transaction Client sells 2.5 lots of EUR / JPY on the same day
Contract unit 62,500 Euro
Buying price 160.00 yen per euro
Ask price 159.00 yen per euro
USD / HKD7.3 (100 yen calculation)
Handling fee (per contract) Hong Kong Head Office / Outlets: HK $ 300 / HK $ 120
Basic Deposit (Hong Kong)〔(62,500 x 160 x 7.300 ÷ 100) x 5%〕 x 2.5
= HK $ 91,250 (i.e. HK $ 36,500 per contract)
Profit / loss calculation {[(160-159) x 62.500 x 7.300 ÷ 100]-handling fee} x 2.5
= HK $ 11,406.25-Handling fee X 2.5 (Profit)

(The above trading rules are for reference only. For details, please contact us)

Risk Disclosure Statement

The risk of loss in leveraged foreign exchange trading can be significant. The investor may sustain losses in excess of his / her initial margin amount. Even if the investor places a standby order price, such as a “stop loss” or “limit” order, it may not be possible to limit the loss to the amount originally envisaged by the investor. Market conditions may make it impossible to execute these buy and sell orders. Investors may be required to deposit additional margin funds upon notification. If the investor fails to provide the required amount within the set time, his / her open positions may be closed. The investor is responsible for any excess losses in his / her account. Therefore, the investor must carefully consider whether such trading is suitable for him / her based on his personal financial situation and investment objectives.
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