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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 56.71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money
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Intraday Trading with ECN

Margin FX Trading


Would you like to trade in the world’s most liquid market? The Forex market offers more liquidity than any other global financial market. It operates twenty four hours a day five days per week, with a turnover of up to US$ 5 trillion daily. Foreign exchange is often referred to as the Forex or FX market and is the marketplace in which the exchange of currencies, between two counter-parties takes place, at a mutually agreed rate or price. There is no central marketplace or exchange floor, rather Forex is an Over-the-Counter or OTC market.


Forex is an Over-the-Counter Market (OTC)

The majority of Forex trades are settled as spot trades, as opposed to settlement at a set date in the future as with many exchange traded products. Forex provides traders with the ability to execute buy or sell trades around the clock, with few restrictions. Creating opportunities for them to profit from variations in the value of one currency pair against another.

Trade with Leverage

Leverage or gearing effectively multiplies a client’s deposit or account value. This provides a client with the ability to hold larger positions than their initial deposit would cover. In other words traders can hold open positions, with only a fraction of the positions underlying value required as a deposit or margin. Leveraging your funds means you can make larger trades or a higher number of trades than your initial deposit on its own would allow*.


*The use of leverage can magnify profits but it can do the same for losses. Forex and CFDs are leveraged products, involve a high level of risk and can result in the loss of more than your invested capital. Please consult our full risk warning notice.

Contract Information

Blackwell Global’s typical ECN spreads are derived from our liquidity providers.

View our competitive spreads below.

Symbol spread local_date_time
.A50 17.1 2020-06-12 13:11:53
.AUS200 2.3 2020-06-12 13:11:51
.DE30 18.1 2020-06-12 13:12:03
.ES35 3.8 2020-06-12 13:11:51
.F40 0.9 2020-06-12 13:12:04
.HK50 6.1 2020-06-12 13:12:04
.JP225 6.9 2020-06-12 13:12:03
.STOXX50 1.3 2020-06-12 13:11:52
.UK100 1.3 2020-06-12 13:11:54
.UKOil 2.1 2020-06-12 13:11:52
.US100 1.7 2020-06-12 13:11:53
.US30 2.1 2020-06-12 13:11:52
.US500 3.5 2020-06-12 13:11:53
.USOil 2 2020-06-12 13:11:53
AUDCAD 0.9 2020-06-12 13:11:59
AUDCHF 0.8 2020-06-12 13:11:50
AUDJPY 0.7 2020-06-12 13:11:54
AUDNZD 0.8 2020-06-12 13:11:59
AUDSGD 2.8 2020-06-12 13:11:58
AUDUSD 0.7 2020-06-12 13:11:53
CADCHF 1.1 2020-06-12 13:11:55
CADJPY 1.2 2020-06-12 13:11:55
CHFJPY 0.9 2020-06-12 13:11:55
CHFSGD 4.6 2020-06-12 13:11:55
EURAUD 1 2020-06-12 13:11:55
EURCAD 2 2020-06-12 13:11:54
EURCHF 0.5 2020-06-12 13:11:59
EURGBP 1.2 2020-06-12 13:12:01
EURJPY 0.8 2020-06-12 13:12:00
EURNOK 25.4 2020-06-12 13:11:51
EURNZD 2.4 2020-06-12 13:12:00
EURSEK 19.4 2020-06-12 13:12:01
EURSGD 1.7 2020-06-12 13:12:02
EURTRY 139.4 2020-06-12 13:12:01
EURUS 1.6 2019-08-06 11:38:08
EURUSD 0.3 2020-06-12 13:12:00
GBPAUD 1.7 2020-06-12 13:12:01
GBPCAD 2.3 2020-06-12 13:11:56
GBPCHF 1.4 2020-06-12 13:11:57
GBPJPY 1.7 2020-06-12 13:11:56
GBPNZD 3.5 2020-02-12 20:19:59
GBPSGD 2.8 2020-06-12 13:12:04
GBPUSD 0.8 2020-06-12 13:11:56
NOKJPY 0.9 2020-06-12 13:11:57
NOKSEK 4.4 2020-06-12 13:11:57
NZDCAD 1.7 2020-06-12 13:11:58
NZDCHF 1 2020-06-12 13:11:58
NZDJPY 0.8 2020-06-12 13:11:57
NZDUSD 0.9 2020-06-12 13:11:59
SGDJPY 1.2 2020-06-12 13:12:05
USDCAD 1.6 2020-06-12 13:12:07
USDCHF 0.7 2020-06-12 13:12:07
USDCNH 1.5 2020-06-12 13:12:07
USDDKK 13.9 2020-06-12 13:12:05
USDHKD 14.3 2020-06-12 13:12:05
USDHUF 17.2 2020-06-12 13:12:06
USDJPY 0.5 2020-06-12 13:12:05
USDMXN 72.4 2020-06-12 13:12:02
USDNOK 21.3 2020-06-12 13:12:06
USDPLN 16.4 2020-06-12 13:12:03
USDSEK 16.9 2020-06-12 13:12:02
USDSGD 1.1 2020-06-12 13:12:03
USDTRY 63.6 2020-06-12 13:12:02
USDZAR 42 2020-06-12 13:12:02
XAGUSD 1.4 2020-06-12 13:11:50
XAUUSD 1.6 2020-06-12 13:12:06

Leverage

Leverage allows you to hold a larger position than the initial cash deposit. Your initial outlay is supplemented to increase the value of your underlying investment. The higher the leverage, the larger the position the trader can execute for the same amount of the initial deposit.

For example, a client using 30:1 leverage could hold a position in the forex market of $30,000 with a margin of $1,000.

Leverage increases the potential of high returns when the market moves in their favour. However, please note that leverage will act against you when the market moves in the opposite direction to your prediction.

Leverage Levels

Different leverage levels apply to different account types.

Margin Requirement

When an investor opens an account with a broker, an initial deposit is required in order to open a position in the market. The required cash deposit will act as a deposit to cover any credit risk. Depending on the agreement, the investor could be able to leverage up to a certain limit.

The margin requirement for a forex trade is calculated using the following formula:

Margin = (Lot Size * Contract Size * Opening Price) / Leverage

The examples below are based on a Standard/Classic account with a leverage of 100:1.

Forex

Margin requirement for one standard contract position in EUR/USD at 1.2500 is calculated as follows:
Margin = (1 * 100,000 * $1.2500) / (30) = $4166

Spot Gold

Margin requirement of one standard contract position in Gold at 1579.01 is calculated as follows:
Margin = (1 * 100 * $1579.01) / (20) = $7895

Spot Silver

Margin requirement for one standard contract position in Silver at 28.70 is calculated as follows:
Margin = (1 * 5000 * $28.70) / (20) = $7175

Note: Interest is not required to be paid on the borrowed amount, but if the investor decides to hold his position overnight, interest will be charged as the rolled over rates on the total positions held.

Margin Call

Margin Call is a level set by a brokerage that defines the minimum amount of money required to trade in the market. When your account falls below the margin call level, you will need to make an additional deposit to maintain your positions. Alternatively, you can close some of your positions to reduce your required margin. At Blackwell Global, Margin Call is set at 50%.

Stop Out Level

In the event you are unable to maintain sufficient funds in your account after hitting Margin Call, and if your account value depreciates to the Stop Out level, your positions will be closed automatically to prevent further loss to your capital. At Blackwell Global, Stop Out level is set at 50%.

Swaps

Often referred to as Rollover Interest, swaps are charged when holding onto a position overnight due to the difference in interest rates between the base currency and the quote currency.

Blackwell Global deals forex trading on a “spot” basis. All trades are settled in two business days from inception as per market convention. Swaps are automatically calculated and settled at 21:59 GMT (Server Time 22:59) on a daily basis and Blackwell Global does not arrange for physical delivery. Any open positions held from Wednesday to Friday on a trade date basis will be charged three times the value.

The extra payment is to cover the interest that would normally have been charged on Saturday and Sunday when the market is closed.

Forex Rollover Interest

Symbol short long local_date_time
.A50 0 0 2020-06-12 13:11:53
.AUS200 -6.2117 -6.5791 2020-06-12 13:11:51
.DE30 -147.598 -119.79 2020-06-12 13:12:03
.ES35 -8.2445 -5.5979 2020-06-12 13:11:51
.F40 -5.9466 -4.8257 2020-06-12 13:12:04
.HK50 -131.01 63.99 2020-06-12 13:12:04
.JP225 -24.4596 -23.7567 2020-06-12 13:12:03
.STOXX50 -3.8775 -3.1471 2020-06-12 13:11:52
.UK100 -6.2667 -7.0345 2020-06-12 13:11:54
.UKOil -7.49649287 -95.67 2020-06-12 13:11:52
.US100 -13.8776 -7.7011 2020-06-12 13:11:53
.US30 -103.1668 37.2267 2020-06-12 13:11:52
.US500 -129.756 50.409 2020-06-12 13:11:53
.USOil 5.18 -65.36 2020-06-12 13:11:53
AUDCAD -1.518 -1.826 2020-06-12 13:11:59
AUDCHF -3.058 0.198 2020-06-12 13:11:50
AUDJPY -3.036 0.063 2020-06-12 13:11:54
AUDNZD -1.298 -2.046 2020-06-12 13:11:59
AUDSGD -2.123 -2.277 2020-06-12 13:11:58
AUDUSD -2.178 -1.309 2020-06-12 13:11:53
CADCHF -3.399 0.405 2020-06-12 13:11:55
CADJPY -2.332 -0.726 2020-06-12 13:11:55
CHFJPY 0.243 -4.708 2020-06-12 13:11:55
CHFSGD -2.728 -9.801 2020-06-12 13:11:55
EURAUD -0.286 -5.533 2020-06-12 13:11:55
EURCAD 0.198 -5.951 2020-06-12 13:11:54
EURCHF -2.728 -1.067 2020-06-12 13:11:59
EURGBP 0.126 -4.246 2020-06-12 13:12:01
EURJPY -1.21 -2.728 2020-06-12 13:12:00
EURNOK 14.168 -88.209 2020-06-12 13:11:51
EURNZD 0.198 -6.941 2020-06-12 13:12:00
EURSEK -8.25 -23.21 2020-06-12 13:12:01
EURSGD -0.649 -6.27 2020-06-12 13:12:02
EURTRY 120.56 -423.89 2020-06-12 13:12:01
EURUS 5.95555556 -14.4 2019-08-06 11:38:08
EURUSD 0.144 -4.367 2020-06-12 13:12:00
GBPAUD -3.344 -2.585 2020-06-12 13:12:01
GBPCAD -1.21 -3.949 2020-06-12 13:11:56
GBPCHF -6.545 0.585 2020-06-12 13:11:57
GBPJPY -3.344 -1.364 2020-06-12 13:11:56
GBPNZD 1.71 -4.708 2020-02-12 20:19:59
GBPSGD -6.226 -5.621 2020-06-12 13:12:04
GBPUSD -1.133 -3.828 2020-06-12 13:11:56
NOKJPY -1.595 0.084 2020-06-12 13:11:57
NOKSEK -8.602 1.253 2020-06-12 13:11:57
NZDCAD -2.123 -1.364 2020-06-12 13:11:58
NZDCHF -3.641 0.324 2020-06-12 13:11:58
NZDJPY -1.969 -0.451 2020-06-12 13:11:57
NZDUSD 0.432 -1.826 2020-06-12 13:11:59
SGDJPY -6.985 0.648 2020-06-12 13:12:05
USDCAD -0.143 -0.726 2020-06-12 13:12:07
USDCHF -10.054 4.239 2020-06-12 13:12:07
USDCNH 0.952 -59.202 2020-06-12 13:12:07
USDDKK -59.95 12.089 2020-06-12 13:12:05
USDHKD -1.54 -33.121 2020-06-12 13:12:05
USDHUF -27.577 1.834 2020-06-12 13:12:06
USDJPY -7.931 3.447 2020-06-12 13:12:05
USDMXN 0 -388.256 2020-06-12 13:12:02
USDNOK -8.349 -0.308 2020-06-12 13:12:06
USDPLN -14.454 -15.62 2020-06-12 13:12:03
USDSEK -76.516 12.544 2020-06-12 13:12:02
USDSGD -3.641 -0.913 2020-06-12 13:12:03
USDTRY 87.13 -431.89 2020-06-12 13:12:02
USDZAR 55.069 -279.048 2020-06-12 13:12:02
XAGUSD 0.3866 -1.3534 2020-06-12 13:11:50
XAUUSD 2.25 -9.75 2020-06-12 13:12:06

Specifications

24

Trading Hours

5

Trading Days

5

Pricing Decimals

3

Japanese Yen Decimals

100000

1 Standard Lot

2

Server Time (GMT+)

0.01

Min. Order Size

100

Max.Order Size (lots)

More Information

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