Leveraged foreign exchange trading
The non-discretionary leveraged foreign exchange trading service provided by Taifook offers a wide range of currency selections, in addition to the seven major currency contracts, there are also eight cross currency contracts.
7 major currency contracts
| Currency Type | Contract size* |
| Euro (EUR) | 125,000 |
| Japanese Yen (JPY) | ¥12,500,000 |
| British Pound (GBP) | £62,500 |
| Swiss Franc (CHF) | SFranc125,000 |
| Canadian Dollar (CAD) | C$100,000 |
| Australia Dollar (AUD) | A$100,000 |
| New Zealand Dollar (NZD) | NZ$100,000 |
Cross currency contracts
| Currency Type | Contract size* |
| EUR/JPY | 125,000 |
| EUR/GBP | 125,000 |
| EUR/CHF | 125,000 |
| GBP/JPY | £62,500 |
| GBP/CHF | £62,500 |
| AUD/JPY | A$100,000 |
| CAD/JPY | 100,000 |
| NZD/JPY | 100,000 |
*Orders are transacted in number of contract.
Forex and Bullion Hotline: (852) 2213 8877
Rolling Interest of Currency Contract
Due to different foreign currencies bear different interest rates, client might earn or need to pay interest according to the foreign currency contract position
| ROLLING INTEREST FOR CURRENCIES ( Per Contract ) |
LONG RATE( Earn / Pay ) |
SHORT RATE( Earn / Pay ) |
| Euro (EUR) | -1.5 % | -1.5 % |
| Japanese Yen (JPY) | -1.25 % | -1.75 % |
| British Pound (GBP) | -1.25 % | -1.75 % |
| Swiss Franc (CHF) | -1.5 % | -1.5 % |
| Canadian Dollar (CAD) | -1.5 % | -1.5 % |
| Australia Dollar (AUD) | 2.90 % | -5.90 % |
| New Zealand Dollar (NZD) | 1.5 % | -4.5 % |
| EUR/JPY | -1.25 % | -1.75 % |
| EUR/GBP | -1 % | -2 % |
| EUR/CHF | -1.25 % | -1.75 % |
| GBP/JPY | -1.5 % | -1.5 % |
| GBP/CHF | -1.5 % | -1.5 % |
| AUD/JPY | 2.5 % | -5.5 % |
| CAD/JPY | -1.25 % | -1.75 % |
| NZD/JPY | 1.5 % | -4.5 % |
*Value of interest is calculated based on the closing price
(Updated: 26 November 2010)
The risk of loss in leveraged foreign exchange trading can be substantial. You agree that you may sustain losses in excess of the your initial Margin. Placing contingent orders, such as "stop-loss" or "stop-limit" orders, by you will not necessarily limit losses to the intended amounts. Market conditions may make it impossible to execute such orders. You agree that you may be called upon at short notice to deposit additional Margin. If the required funds are not provided within the prescribed time, your position may be liquidated without further notice. You will remain liable for any resulting deficit in the your account. You should therefore carefully consider whether such trading is suitable in light of your own financial position and investment objectives.
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