Forex
ITEM | AMOUNT | DESCRIPTION |
Contract Size | 100,000 | 1 standard Lot Contract Size on Fame Markets is equivalent to 100,000 units of base currency. E.g. 1 standard lot of EUR/USD is €100,000. |
Minimum Lot | 0.01 | The minimum lot size on Fame Markets is 0.01 which is equivalent to 1,000 units of base currency. |
Incremental Steps | 0.01 | The minimum incremental lot size on Fame Markets is 0.01 which is equivalent to 1,000 units of base currency. |
Maximum Lot | 100 | The maximum lot size on Fame Markets is 100 which is equivalent to 10,000,000 units of base currency. |
Timing
ITEM | DETAILS |
Server Time | GMT+3 |
Daylight Saving | Eastern Daylight Saving Time (EDT)  |
Trading Hours | Opening: Monday 00:00 Closing: Friday 24:00 |
Charts | Fame Markets follows New York market close (5 Daily candles a Week). |
Calculation
Leverage
Leverage varies on the account type and agreement with Fame Markets. Please speak to our customer service officers for more details.
Margin Used
Margin = (Lot Size * Contract Size * Opening Price) / Leverage
e.g. If your leverage is 1:100 and you trade 1 lot Short on EUR/USD.
Side | Symbol | Lot | Contract Size | Market Price | Leverage | Margin |
Short | EURUSD | 1 | 100,000 | $1.12832 | 1:100 | $1,128.32 |
Margin Used (When Hedged)
Total Margin used will be 0% of each trade.
e.g. If your leverage is 1:100 and you trade 1 lot Long on EUR/USD and 1 lot Short on EUR/USD.
Side | Symbol | Lot | Contract Size | Market Price | Leverage | Margin | Hedge Margin |
Short | EURUSD | 1 | 100,000 | $1.12832 | 1:100 | $1,128.32 | $0 |
Long | EURUSD | 1 | 100,000 | $1.12847 | 1:100 | $1,128.47 |
Margin Call
Margin Call: (Equity)/(Margin Used) < (“Margin Call Percentage”)
Margin call happens when the total Equity is less than the “Margin Call Percentage” of the total margin used. To prevent the account from being stopped out, traders are advised to top up their account or to close out some positions to reduce margin used, and to avoid the possibility of being stopped out. The “Margin Call Percentage” varies on the account type and agreement with Fame Markets. Please speak to our customer service officers for more details.
Stop Out
Stop Out: (Equity)/(Margin Used) < (“Stop Out Percentage”)
Stop Out happens when the total Equity is less than the “Stop Out Percentage” of the total margin used. When Stop Out level is reached, existing positions may be automatically closed out by the Metatrader4 server.
The “Stop Out Percentage” varies on the account type and agreement with Fullerton Markets. Please speak to our customer service officers for more details.
Swap
Swaps = (lots * [Swap in points] * Point Size)
Fame Markets Swap Rates are competitive Bank Swap rates offered by our extensive liquidity partners. The swaps on Metatrader4 are calculated based on points.
3 Times Swap: Wednesday
Most Forex contracts are deliverable on T+2 (Trading day +2), to accommodate for Saturday and Sunday. The bank charges 3 times the normal swap rate on Wednesdays.
Execution
Market Execution
Fame Markets offers the best liquidity with the lowest latency connection to our extensive Tier One liquidity partners. All trades at Vision Markets are executed directly with the market without requotes.
STP
Fame Markets employs “Straight Through Processing” (STP), passing on customers’ trades directly to our Tier One Liquidity Providers.
Slippage
Fame Markets aims to provide clients with the best trading execution available, and to fill all orders at the requested rate. However, there are times when orders may be subjected to slippage due to an increase in volume and/or volatility. Slippage most commonly occurs during fundamental news events or periods of limited liquidity. During such periods, your order type and quantity requested can have an impact on the overall execution you receive.
Leverage : Up to 1 : 500
Spread : Starting as low as 0.3 pips
Min Trade Size : 0.01 lot
24-hour Support : Yes
Leverage : Up to 1 : 500
Spread : Starting as low as 0.3 pips
Min Trade Size : 0.01 lot
24-hour Support : Yes