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Frequently asked question

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FAQS

General FAQ’s

  • How calculate dividend?

    Dividend payment received when holding a long position: Dividend Payment = Component Dividend (weighted, per stock index contract) × Position Size in Standard Lot × Contract Size per Standard Lot Dividend charge deducted when holding a short position: Dividend Charge = Component Dividend (weighted, per stock index contract) × Position Size in Standard Lot × Contract Size per Standard Lot

  • What is dividend?

    When trading spot stock indices via contracts for difference (CFDs), please be advised that when a listed company (component) of an underlying stock index pays dividend to its shareholders, the value of the corresponding position held in the client’s trading account will be affected after the closing of the market (trading platform / server time). Determined by whether the client’s position is long or short, the trading account will incur a net of tax dividend adjustment, which may be a payment or a charge. (Please note that stock indices futures CFDs do not participate in dividend adjustment.)

  • When will the overnight interest be charged or be paid?

    The overnight interest will be settled at 5:00 of Beijing time (GMT+1 22:00) per day at summertime, or 6:00 of Beijing time (GMT+1 23:00) per day at wintertime, and will be displayed in the column named “Swap” in MT4 software. Among them, it also affects the “Equity” in the account, and will actually increase or deduct into”balance” in the account after the order is closed.

  • Why is it necessary to be charged overnight interest for 3 days on wednesday?

    According to international banking practice, forex transactions are executed after 2 trade days (T+2). The overnight interest is calculated on the execution date, holding orders from Wednesday to Thursday, and the execution date is Friday to next Monday. Therefore, all forex products need to be calculated overnight interest 3 days when holding orders from Wednesday to Wednesday to Thursday. The home country’s currency involved in the transaction will also be calculated the overnight interest if meeting important holidays or events of that home country.

  • How to calculate overnight interest each day?

    According to international banking practice, forex transactions are executed after 2 trade days (T+2). For example, the deal is traded on Monday. The execution date will be Wednesday. Monday: overnight interest for 1 day that holding order from Monday through Tuesday, and then execution date is Wednesday through Thursday. Therefore, the client will be paid/charged overnight interest for 1 day. Tuesday: overnight interest for 1 day that holding order from Tuesday through Wednesday, and then execution date is Thursday through Friday. Therefore, the client will be paid/charged overnight interest for 1 day. Wednesday: overnight interest for 3 days that holding order from Wednesday to Thursday, and then the execution date is Friday through Monday. Therefore, the client will be paid/charged overnight interest for 3 days. Thursday: overnight interest for 1 day that holding order from Thursday through Friday, and then the execution date is Monday through Tuesday. Therefore, the client will be paid/charged overnight interest for 1 day. Friday: overnight interest for 1 day that holding order from Friday through next Monday, and then the execution date is Tuesday through Wednesday. Therefore, the client will be paid/charged overnight interest for 1 day.

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