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Leveraged CFD Contracts are quoted in pairs like ES/USD or YM/USD. When trading a leveraged CFD contract long you are actually using the quote currency to buy the base currency. For example, with ES/USD you are using USD to buy ES. Since there is leverage involved you are technically borrowing the quote currency to buy the base currency and paying/receiving interest on each, respectively.
The difference between these two rates is known as the financing rate. It is also sometimes called the SWAP, rollover, or funding rate and these terms are used interchangeably. The financing rate is charged/paid once a day at 5 pm NYC time. If you do not have an open position at this time, you will not pay/receive the financing rate. The rate is dynamic and can change at all times depending on the financing rates quoted by optimaxedge.com’s liquidity providers.
The rate is displayed in the table on our instruments page and in the instrument details on the trading platform. Please keep in mind that the financing rate may change while you are in a trade, so please monitor it carefully as you are trading.
Financing rates are quoted as a percentage paid/received daily. A negative financing rate means you will pay the financing rate and a positive financing rate means you will receive it.
Leveraged CFD contracts are quoted in pairs like ES/USD or YM/USD. When trading a leveraged CFD contract short you are actually using the base currency to buy the quote currency. For example, when shorting ES/USD you are using ES to buy USD. Since there is leverage involved you are technically borrowing the base currency to buy the quote currency and paying/receiving interest on each, respectively.
The difference between these two rates is known as the financing rate. It is also sometimes called the SWAP, rollover, or funding rate and these terms are used interchangeably. The financing rate is charged once a day at 5 pm NYC time. If you do not have an open position at this time, you will not pay the financing rate. The rate is dynamic and can change at all times depending on the financing rates quoted by optimaxedge.com’s liquidity providers.
The rate is displayed in the table on our instruments page and in our live quote ticker. Please keep in mind that the financing rate may change while you are in a trade, so please monitor it carefully as you are trading.
Financing rates are quoted as a percentage paid daily. A negative financing rate means you will pay.
Leveraged CFD Contracts are quoted in pairs like ES/USD or YM/USD. When trading a leveraged CFD contract long you are actually using the quote currency to buy the base currency. For example, with ES/USD you are using USD to buy ES. Since there is leverage involved you are technically borrowing the quote currency to buy the base currency and paying/receiving interest on each, respectively.
The difference between these two rates is known as the financing rate. It is also sometimes called the SWAP, rollover, or funding rate and these terms are used interchangeably. The financing rate is charged/paid once a day at 5 pm NYC time. If you do not have an open position at this time, you will not pay/receive the financing rate. The rate is dynamic and can change at all times depending on the financing rates quoted by optimaxedge.com’s liquidity providers.
The rate is displayed in the table on our instruments page and in the instrument details on the trading platform. Please keep in mind that the financing rate may change while you are in a trade, so please monitor it carefully as you are trading.
Financing rates are quoted as a percentage paid/received daily. A negative financing rate means you will pay the financing rate and a positive financing rate means you will receive it.
Leveraged CFD contracts are quoted in pairs like ES/USD or YM/USD. When trading a leveraged CFD contract short you are actually using the base currency to buy the quote currency. For example, when shorting ES/USD you are using ES to buy USD. Since there is leverage involved you are technically borrowing the base currency to buy the quote currency and paying/receiving interest on each, respectively.
The difference between these two rates is known as the financing rate. It is also sometimes called the SWAP, rollover, or funding rate and these terms are used interchangeably. The financing rate is charged/paid once a day at 5 pm NYC time. If you do not have an open position at this time, you will not pay/receive the financing rate. The rate is dynamic and can change at all times depending on the financing rates quoted by optimaxedge.com’s liquidity providers.
The rate is displayed in the table on our instruments page and in our live quote ticker. Please keep in mind that the financing rate may change while you are in a trade, so please monitor it carefully as you are trading.
Financing rates are quoted as a percentage paid/received daily. A negative financing rate means you will pay the financing rate and a positive financing rate means you will receive it.
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1Profitable long trade
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2Losing long trade with a liquidation
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3Losing short trade with a regular exit
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4Profitable short trade
- Dow Jones Entry Price : $300
- Trade direction : Long
- Trade size : 5 YM
- Hold time : 3 days
- Exit Price : Up to $310 (+$10)
- Available account balance : $2,500
- Leverage : 10x
- Financing rate : -0.069%
- Commission : 0.11%
- Initial margin requirement: $300 (YM price) X 5 contracts / 10x leverage = $150
- Commission on entry: $300 (YM price) X 5 contracts X 0.11% = $1.65
- Commission on exit: $310 (YM price) X 5 contracts X 0.11% = $1.705
- Daily financing*: -0.069% (Daily Financing) X $1,500 position notional value = $1.035 charged
- Total financing*: 3 (days in trade) X $1.035 (Daily financing costs) = $3.105 charged
- Profit on trade: $10 (upward price movement) X 5 (contracts) - $1.65 (commission on entry) - $1.705 (commission on exit) - $3.105 (financing) = $43.54
- Return on margin: = $43.54 (dollar profit) / $150 (margin) = 29%
- S&P 500 Entry Price: $10,500
- Trade direction: Long
- Trade size: 1 ES
- Hold time: 3 days
- Available account balance: $5,000
- Leverage: 10x
- Financing rate: -0.069%
- Commission: 0.11%
- Liquidation Level: 100%
- Initial margin requirement: $10,500 (ES price) X 1 contract / 10x leverage = $1,050
- Commission on entry: $10,500 (ES price) X 1 contract X 0.11% = $11.5
- Daily financing*: 0.069% (daily financing rate) X $10500 (Position notional value) = $7.245 charged
- Total financing*: $7.245 (daily financing) X 3 (days in trade) = $21.735 charged
- Maximum adverse price movement: ($5,000 (available balance) - $11.5 (entry commission) - $1050 (margin requirement)) = $3938.5
- Liquidation Price: $10,500 (entry price) - ($3,938.5 x 100%)(maximum adverse price movement) = $6,561.5
- Commission on exit (liquidation): $6,561.5 (ES price) X 1 contract X 0.11% = $7.22
- Trade P/L = - $3,938.5 - $7.22 (exit commission charged during liquidation) - $21.735 (financing charged) = - $3,968.455
- S&P 500 Entry Price: $10,500
- Trade direction: Short
- Trade size: 1 ES
- Hold time: 10 days
- Exit Price: Up to $10,600 (+$100)
- Available account balance: $5,000
- Leverage: 10x
- Financing rate: -0.069%
- Commission: 0.11%
- Initial margin requirement: $10,500 (ES price) X 1 contract / 10x leverage = $1,050
- Commission on entry: $10,500 (ES price) X 1 contract X 0.11% = $11.5
- Commission on exit: $10,600 (ES price) X 1 contract X 0.11% = $11.66
- Daily financing*: 0.069% (daily financing rate) X $10,500 (Position notional value) = $7.245 charged
- Total financing*: $7.425 (daily financing) X 10 (days in trade) = $74.25 charged
- Trade P/L: - $100 (loss per liquidated contract) X 1 contract - $23.16 (round-trip commission) - $74.25 (financing rate) = -$197.41
- S&P 500 Entry Price: $10,500
- Trade direction: Short
- Trade size: 1 ES
- Hold time: 10 days
- Exit Price: Down to $10,000 (-$500)
- Available account balance: $5,000
- Leverage: 10x
- Financing rate: -0.069%
- Commission: 0.11%
- Initial margin requirement: $10,500 (ES price) X 1 contract / 10x leverage = $1,050
- Commission on entry: $10,500 (ES price) X 1 contract X 0.11% = $11.5
- Commission on exit: $10,000 (ES price) X 1 contract X 0.11% = $11
- Daily financing*: 0.069% (daily financing rate) X 10,500 (position notional value) = $7.245 charged
- Total financing*: $7.245 (daily financing) X 10 (days in trade) = $72.45 charged
- Trade P/L: $500 (profit per contract) X 1 contract - $22.5 (round trip commission) - $72.45 (financing rate) = $405.05
*Please note that financing rates, for the purpose of these examples, are charged on the notional value of the trade at time of entry regardless of days held.