Forex
Trading Hours (US STANDARD TIME)

Trading Time (GMT): 22:05 - 21:55

Daily Break Time (GMT): 21:55 - 22:11

Trading Conditions
Standard
Alpha
Major Currency Average Spread (pip) Commission Value per pip Contract Size
No Product Found.
Product Guide download
BCR Contract Specifications download
Trading Examples
Example 1:
Buying EURUSD
Assume that EURUSD is trading at 1.15066/1.15067 and you want to buy 0.50 lot (0.5 * 100,000 units) at 1.15067 (ask price or buy price) because you think the price will go up. Margin Requirement for EURUSD is 250 USD (500*0.5, under 200:1 leverage), which means that you have to deposit 250 USD as your initial margin.
Outcome
Your prediction was correct and the price goes up to 1.15232 / 1.15233. You decide to close your position at 1.15232 (bid price or sell price). The price has moved 16.5 pips (1.15232 – 1.15067) in your favour and your profit is 82.5 USD (16.5 pips * 0.5 lot * 10 USD pip value per lot).
*Commission and Swap Fees are not included in this example.
Example 2:
Selling EURUSD
Assume that EURUSD is trading at 1.15066/1.15067 and you want to sell 0.50 lot (0.5 * 100,000 units) at 1.15066 (bid price or sell price) because you think the price will go down. Margin Requirement for EURUSD is 250 USD (500*0.5, under 200:1 leverage), which means that you have to deposit 250 USD as your initial margin.
Outcome
Unfortunately, your prediction was wrong and the price goes up to 1.16304 / 1.16305. You decide to close your position at 1.16305 (ask price or buy price). The price has moved 123.9 pips (1.16305 – 1.15066) against you and your loss is 619.5 USD (123.9 pips * 0.5 lot * 10 USD pip value per lot).
*Commission and Swap Fees are not included in this example.
Related Reading
Metals
Trading Hours (US STANDARD TIME)

Trading Time (GMT): 23:01 - 21:45

Daily Break Time (GMT): 22:00 - 23:01

Trading Conditions
Standard
Alpha
Major Currency Average Spread (pip) Commission Value per pip Contract Size
No Product Found.
Product Guide download
BCR Contract Specifications download
Trading Examples
Example 1:
BUYING XAUUSD
Assume that XAUUSD is trading at 1291.42/1291.50 and you want to buy 1.20 lots (1.2 * 100 oz.) at 1291.50 (ask price or buy price) because you think the price will go up. Margin Requirement for XAUUSD is 600 USD (500*1.2, under 200:1 leverage), which means that you have to deposit 600 USD as your initial margin.
Outcome
Your prediction was correct and the price goes up to 1305.23 / 1305.31. You decide to close your position at 1305.23 (bid price or sell price). The price has moved 137.3 pips (1305.23 – 1291.50) in your favour and your profit is 1647.6 USD (137.3 pips * 1.2 lots * 10 USD pip value per lot).
*Commission and Swap Fees are not included in this example.
Example 2:
SELLING XAUUSD
Assume that XAUUSD is trading at 1291.42/1291.50 and you want to sell 1.20 lots (1.2 * 100 oz.) at 1291.42 (bid price or sell price) because you think the price will go down. Margin Requirement of XAUUSD is 600 USD (500*1.2, under 200:1 leverage), which means that you have to deposit 600 USD as your initial margin.
Outcome
Unfortunately, your prediction was wrong and the price goes up to 1302.25 / 1302.33. You decide to close your position at 1302.33 (ask price or buy price). The price has moved 123.9 pips (1302.33 – 1291.42) against you and your loss is 1309.2 USD (109.1 pips * 1.2 lots * 10 USD pip value per lot).
*Commission and Swap Fees are not included in this example.
Related Reading
Commodities
Trading Hours (US STANDARD TIME)
Commodities Trading Time (GMT) Daily Break Time (GMT)
BRN 01:01 - 21:00 22:00 - 01:01
XBRUSD
CL 23:01 - 21:00 22:00 - 23:01
XTIUSD
NG
XNGUSD
Copper
Corn 01:01 - 19:00 13:30 - 14:31
Wheat
Soybean
Expiration Dates
US Crude Oil
Jan. (F9) Feb. (G9) Mar. (H9) Apr. (J9) May. (K9) Jun. (M9) Jul. (N9) Aug. (Q9) Sep. (U9) Oct. (V9) Nov. (X9) Dec. (Z9)
Dec 18th 2018 Jan 21st 2019 Feb 19th 2019 Mar 19th 2019 Apr 18th 2019 May 20th 2019 Jun 19th 2019 Jul 19th 2019 Aug 19th 2019 Sep 19th 2019 Oct 21st 2019 Nov 19th 2019

Brent Crude Oil
Jan. (F9) Feb. (G9) Mar. (H9) Apr. (J9) May. (K9) Jun. (M9) Jul. (N9) Aug. (Q9) Sep. (U9) Oct. (V9) Nov. (X9) Dec. (Z9)
Nov 29th 2018 Dec 27th 2018 Jan 30th 2019 Feb 27th 2019 Mar 28th 2019 Apr 29th 2019 May 30th 2019 Jun 27th 2019 Jul 30th 2019 Aug 29th 2019 Sep 27th 2019 Oct 30th 2019

Natural Gas
Jan. (F9) Feb. (G9) Mar. (H9) Apr. (J9) May. (K9) Jun. (M9) Jul. (N9) Aug. (Q9) Sep. (U9) Oct. (V9) Nov. (X9) Dec. (Z9)
Dec 26th 2018 Jan 28th 2019 Feb 25th 2019 Mar 26th 2019 Apr 25th 2019 May 28th 2019 Jun 25th 2019 Jul 26th 2019 Aug 26th 2019 Sep 24th 2019 Oct 25th 2019 Nov 22nd 2019

Copper
Mar. (H9) May. (K9) Jul. (N9) Sep. (U9) Dec. (Z9)
Feb 27th 2019 Apr 29th 2019 Jun 27th 2019 Aug 29th 2019 Nov 28th 2019

Corn & Wheat
Mar. (H9) May. (K9) Jul. (N9) Sep. (U9) Dec. (Z9)
Feb 28th 2019 Apr 30th 2019 Jun 28th 2019 Aug 30th 2019 Nov 29th 2019

Soybean
Mar. (H9) May. (K9) Jul. (N9) Aug. (Q9) Sep. (U9) Nov. (X9)
Feb 28th 2019 Apr 30th 2019 Jun 28th 2019 Jul 31st 2019 Aug 30th 2019 Oct 31st 2019

* In order to avoid price volatility, BCR's Expiration Date may not coincide with expiration dates of physical exchanges.
Trading Conditions
Standard
Alpha
Major Currency Average Spread (pip) Commission Value per pip Contract Size
No Product Found.
Product Guide download
BCR Contract Specifications download
Trading Examples
Example 1:
BUYING Crude Oil (XTIUSD)
Assume that Crude Oil (XTIUSD) is trading at 52.78/52.82 and you want to buy 2.00 lots (2 * 1000 Barrels) at 52.82 (ask price or buy price) because you think the price will go up. Margin Requirement for XTIUSD is 1000 USD (500*2, under 200:1 leverage), which means that you have to deposit 1000 USD as your initial margin.
Outcome
Your prediction was correct and the price goes up to 53.98 / 54.02. You decide to close your position at 53.98 (bid price or sell price). The price has moved 116 pips (53.98 – 52.82) in your favour and your profit is 2320 USD (116 pips * 2 lots * 10 USD pip value per lot).
*Commission and Swap Fees are not included in this example.
Example 2:
SELLING Crude Oil (XTIUSD)
Assume that Crude Oil (XTIUSD) is trading at 52.78/52.82 and you want to sell 2.00 lots (2 * 1000 Barrels) at 52.78 (bid price or sell price) because you think the price will go down. Margin Requirement for XTIUSD is 1000 USD (500*2, under 200:1 leverage), which means that you have to deposit 1000 USD as your initial margin.
Outcome
Unfortunately, your prediction was wrong and the price goes up to 53.46/54.50. You decide to close your position at 54.50 (ask price or buy price). The price has moved 172 pips (54.50 – 52.78) against you and your loss is 3440 USD (172 pips * 2 lots * 10 USD pip value per lot).
*Commission and Swap Fees are not included in this example.
Related Reading
Indices
Trading Hours (US STANDARD TIME)
Indices Trading Time (GMT) Daily Break Time (GMT)
#ES 23:01 - 21:00 21:00 - 23:01
#US500
#NQ
#US100
#YM
#US30
#NKD
#JPN225
#CN300 01:31 - 07:00 03:30 - 05:01
#AUS200 23:01 - 19:45 05:30 - 06:31, 19:45 - 23:01
#GER30 07:01 - 20:45 20:45 - 07:01
#EUSTX50
#FRA40
#ESP35 08:01 - 18:45 18:45 - 08:01
#UK100 01:01 - 20:45 20:45 - 01:01
#CHN50 01:01 - 18:00 08:30 - 09:01
#HKG50 01:16 - 15:45 04:00 - 05:01, 08:15 - 09:01
Start Trading Dates
S & P 500
H = Mar. M = Jun. U = Sep. Z = Dec.
#ESH9 #ESM9 #ESU9 #ESZ9
Dec 19th 2018 Mar 13th 2019 Jun 19th 2019 Sep 18th 2019
Dow Jones(Mini)
H = Mar. M = Jun. U = Sep. Z = Dec.
#YMH9 #YMM9 #YMU9 #YMZ9
Dec 19th 2018 Mar 13th 2019 Jun 19th 2019 Sep 18th 2019
NASDAQ 100
H = Mar. M = Jun. U = Sep. Z = Dec.
#NQH9 #NQM9 #NQU9 #NQZ9
Dec 19th 2018 Mar 13th 2019 Jun 19th 2019 Sep 18th 2019
Nikkei 225
H = Mar. M = Jun. U = Sep. Z = Dec.
#NKDH9 #NKDM9 #NKDU9 #NKDZ9
Dec 11th 2018 Mar 7th 2019 Jun 11th 2019 Sep 10th 2019
Shanghai Shenzhen CSI 300 Index
H = Mar. J = Apr. K = May. M = Jun. N = Jul. Q = Aug. U = Sep. V = Oct. X = Nov. Z = Dec.
#CN300H9 #CN300J9 #CN300K9 #CN300M9 #CN300N9 #CN300Q9 #CN300U9 #CN300V9 #CN300X9 #CN300Z9
Feb 14th 2019 Mar 14th 2019 Apr 18th 2019 May 16th 2019 Jun 20th 2019 Jul 18th 2019 Aug 15th 2019 Sep 19th 2019 Oct 17th 2019 Nov 15th 2019
Forced Closing of All Open Positions
S & P 500
H = Mar. M = Jun. U = Sep. Z = Dec.
#ESH9 #ESM9 #ESU9 #ESZ9
Mar 13th 2019 Jun 19th 2019 Sep 18th 2019 Dec 18th 2019

Dow Jones(Mini)
H = Mar. M = Jun. U = Sep. Z = Dec.
#YMH9 #YMM9 #YMU9 #YMZ9
Mar 13th 2019 Jun 19th 2019 Sep 18th 2019 Dec 18th 2019

NASDAQ 100
H = Mar. M = Jun. U = Sep. Z = Dec.
#NQH9 #NQM9 #NQU9 #NQZ9
Mar 13th 2019 Jun 19th 2019 Sep 18th 2019 Dec 18th 2019

Nikkei 225
H = Mar. M = Jun. U = Sep. Z = Dec.
#NKDH9 #NKDM9 #NKDU9 #NKDZ9
Mar 7th 2019 Jun 11th 2019 Sep 10th 2019 Dec 10th 2019

Shanghai Shenzhen CSI 300 Index
G = Feb. H = Mar. J = Apr. K = May. M = Jun. N = Jul. Q = Aug. U = Sep. V = Oct. X = Nov. Z = Dec.
#CN300G9 #CN300H9 #CN300J9 #CN300K9 #CN300M9 #CN300N9 #CN300Q9 #CN300U9 #CN300V9 #CN300X9 #CN300Z9
Feb 13th 2019 Mar 13th 2019 Apr 17th 2019 May 15th 2019 Jun 19th 2019 Jul 17th 2019 Aug 14th 2019 Sep 18th 2019 Oct 16th 2019 Nov 14th 2019 Dec 19th 2019

Trading Conditions
Standard
Alpha
Major Currency Average Spread (pip) Commission Value per pip Contract Size
No Product Found.
Product Guide download
BCR Contract Specifications download
Trading Examples
Example 1:
BUYING Australia ASX 200 (#AUS200)
Assume that Australia ASX 200 (#AUS200) is trading at 5780.7/5782.7 and you want to buy 1.50 lots (1.5 * 1 AUD * AUS 200) at 5782.7 (ask price or buy price) because you think the price will go up. Margin Requirement for #AUS200 is 173.48 AUD (5782.7 * 1 * 1.5 * 2%), which means that you have to deposit 173.48 AUD as your initial margin.
Outcome
Your prediction was correct and the price goes up to 5792.5 / 5794.5. You decide to close your position at 5792.5 (bid price or sell price). The price has moved 9.8 pips (5792.5 – 5782.7) in your favour and your profit is 14.7 AUD (9.8 pips * 1.5 lots * 1 AUD pip value per lot).
*Commission and Swap Fees are not included in this example.
Example 2:
SELLING Australia ASX 200 (#AUS200)
Assume that Australia ASX 200 (#AUS200) is trading at 5780.7/5782.7 and you want to sell 1.50 lots (1.5 * 1 AUD * AUS 200) at 5780.7 (bid price or sell price) because you think the price will go down. Margin Requirement for #AUS200 is 173.42 AUD (5780.7 * 1 * 1.5 * 2%), which means that you have to deposit 173.42 AUD as your initial margin.
Outcome
Unfortunately, your prediction was wrong and the price goes up to 5840.2/5842.2. You decide to close your position at 5842.2 (ask price or buy price). The price has moved 61.5 pips (5842.2 – 5780.7) against you and your loss is 92.25 AUD (61.5 pips * 1.5 lots * 1 AUD pip value per lot).
*Commission and Swap Fees are not included in this example.
Related Reading
Cryptocurrencies
Trading Hours US STANDARD TIME)

Trading Time (GMT): 22:05 - 21:55

Trading Conditions
Standard
Alpha
Major Currency Average Spread (pip) Commission Value per pip Contract Size
No Product Found.
Product Guide download
BCR Contract Specifications download
Trading Examples
Example 1:
BUYING Bitcoin
Assume that Bitcoin is trading at 3626.78/3646.78 and you want to buy 1 lot (1 unit) at 3646.78 (ask price or buy price) because you think the price will go up. Margin Requirement for Bitcoin is 729.356 USD (3646.78*20%*1, under 200:1 leverage), which means that you have to deposit 729.356 USD as your initial margin.
Outcome
Your prediction was correct and the price goes up to 3746.76/3766.76. You decide to close your position at 3746.76 (bid price or sell price). The price has moved 999.8 pips (3746.76 – 3646.78) in your favour and your profit is 99.98 USD (999.8 pips * 1 lot * 0.1 USD pip value per lot).
*Commission and Swap Fees are not included in this example.
Example 2:
SELLING Bitcoin
Assume that Bitcoin is trading at 3626.78/3646.78 and you want to sell 1 lot (1 unit) at 3626.78 (bid price or sell price) because you think the price will go down. Margin Requirement gfor Bitcoin is 725.356 USD (3626.78*20%*1, under 200:1 leverage), which means that you have to deposit 725.356 USD as your initial margin.
Outcome
Unfortunately, your prediction was wrong and the price goes up to 3740.20/3760.20. You decide to close your position at 3760.2 (ask price or buy price). The price has moved 61.5 pips (3760.2 –3626.78) against you and your loss is 133.42 AUD (1334.2 pips * 1 lot * 0.1 USD pip value per lot).
*Commission and Swap Fees are not included in this example.
Related Reading
Shares
Trading Hours (US STANDARD TIME)
Shares Trading Time (GMT) Daily Break Time (GMT)
#AAPL 14:31 - 21:00 21:00 - 14:31
#AXP
#BAC
#C
#DIS
#IBM
#INTC
#KO
#MCD
#MSFT
#BA
#6501.T 00:01 - 06:00 02:30 - 03:31
#6502.T
#7201.T
#7261.T
#8306.T
#QAN.AX 00:01 - 06:00 06:00 - 00:01
#APT.AX
#CSL.AX
#BHP.AX
#0005.HK 01:31 - 08:00 04:00 - 05:01
#0291.HK
#0700.HK
#0728.HK
#0941.HK
#1088.HK
#1810.HK
#1928.HK
#2628.HK
#3328.HK
#3988.HK
Trading Conditions
Standard
Alpha
Major Currency Average Spread (pip) Commission Value per pip Contract Size
No Product Found.
Product Guide download
BCR Contract Specifications download
Trading Examples
Example 1:
BUYING Apple Inc.
Assume that Apple Inc (#AAPL) is trading at 153.71/153.86 and you want to buy 1 lot (100 shares) at 153.86 (ask price or buy price) because you think the price will go up. Margin Requirement for #AAPL is 1538.6 USD (153.86*1*100*10%, under 200:1 leverage), which means that you have to deposit 1538.6 USD as your initial margin.
Outcome
Your prediction was correct and the price goes up to 158.55/158.70. You decide to close your position at 158.55 (bid price or sell price). The price has moved 46.9 pips (158.55 – 153.86) in your favour and your profit is 469 USD (46.9 pips * 1 lot * 10 USD pip value per lot).
*Commission and Swap Fees are not included in this example.
Example 2:
SELLING Apple Inc.
Assume that Apple Inc (#AAPL) is trading at 153.71/153.86 and you want to sell 1 lot (1 unit) at 153.71 (bid price or sell price) because you think the price will go down. Margin Requirement for #AAPL is 1537.1 USD (153.71*1*100*10%, under 200:1 leverage), which means that you have to deposit 1537.1 USD as your initial margin.
Outcome
Unfortunately, your prediction was wrong and the price goes up to 166.66/166.81. You decide to close your position at 166.81 (ask price or buy price). The price has moved 131 pips (166.81 –153.71) against you and your loss is 1310 USD (131 pips * 1 lot * 10 USD pip value per lot).
*Commission and Swap Fees are not included in this example.
Related Reading