BrokerCreditService (Cyprus) Limited (BCS-Cyprus) provides its clients with an opportunity to execute transactions on the global forex market.
- →Minimum trade deposit: US$1;
- →Financial instruments: 37 currency pairs;
- →Minimum position amount: 0.01 lot (a standard lot on the forex market is 100,000 units of base currency), or 1,000 units of base currency;
- →Leverage: from 1:1 to 1:200*;
- →Trading schedule: round-the-clock, except Saturday and Sunday, from 00:00 Monday to 23:55 Friday, Eastern European Time;
- →Gold and silver: opening on Monday 01:00, closing on Friday 23:55. Daily break in trading from 00:15 to 01:00 Eastern European Time;
- →Trading terminal: BCS Trade Station
* On holidays the margin security for currencies may increase from 0.5% to 2%.
||A lot size
||Limit & Stop levels(pips)**
||A pip value per 1 lot
|Euro vs US Dollar||EURUSD||2||100,000 Euro||500 Euro||6||$10.00|
|US Dollar vs Japanese Yen||USDJPY||2||100,000 USD||500 USD||6||1000 JPY / rate USD/JPY |
|British Pound vs US Dollar||GBPUSD||3||100,000 GBP||500 GBP||6||$10.00|
|US Dollar vs Swiss Franc||USDCHF||3||100,000 USD||500 USD||6||10 CHF / rate USD/CHF |
|Australian Dollar vs US Dollar||AUDUSD||2||100,000 AUD||500 AUD||6||$10.00|
|UD Dollar vs Canadian dollar||USDCAD||3||100,000 USD||500 USD||6||10 CAD / rate USD/CAD |
|New Zealand Dollar vs US Dollar||NZDUSD||3||100,000 NZD||500 NZD||6||$10.00|
|Euro vs Japanese Yen||EURJPY||3||100,000 EUR||500 EUR||6||1000 JPY / rate USD/JPY|
|Euro vs British Pound||EURGBP||3||100,000 EUR||500 EUR||6||10 GBP / rate GBP/USD |
|Euro vs Swiss Franc||EURCHF||2||100,000 EUR||500 EUR||6||10 CHF / rate USD/CHF |
|Euro vs Canadian Dollar||EURCAD||6||100,000 EUR||500 EUR||8||10 CAD / rate USD/CAD |
|Euro vs Australian Dollar||EURAUD||6||100,000 EUR||500 EUR||8||10 AUD / rate AUD/USD 0|
|British Pound vs Japanese Yen||GBPJPY||6||100,000 GBP||500 GBP||8||1000 JPY / rate USD/JPY |
|British Pound vs Swiss Franc||GBPCHF||6||100,000 GBP||500 GBP||8||10 CHF / rate USD/CHF |
|British Pound vs Canadian Dollar||GBPCAD||8||100,000 GBP||500 GBP||9||10 CAD/rate USD/CAD |
|British Pound vs Australian Dollar||GBPAUD||8||100,000 GBP||500 GBP||9||10 AUD/rate AUD/USD 9|
|Swiss Franc vs Japanese Yen||CHFJPY||4||100,000 CHF||500 CHF||6||1000 JPY / rate USD/JPY |
|Australian Dollar vs Canadian dollar||AUDCAD||6||100,000 AUD||500 AUD||8||10 CAD / rate USD/CAD |
|Australian Dollar vs Japanese Yen||AUDJPY||4||100,000 AUD||500 AUD||6||1000 JPY / rate USD/JPY |
|Australian Dollar vs New Zealand Dollar||AUDNZD||8||100,000 AUD||500 AUD||9||10 NZD / rate NZD/USD |
|Australian Dollar vs Swiss Franc||AUDCHF||6||100,000 AUD||500 AUD||8||10 AUD/ rate USD/CHF |
|Canadian Dollar vs Japanese Yen||CADJPY||5||100,000 CAD||500 CAD||6||1000 JPY / rate USD/JPY |
|New Zealand Dollar vs Japanese Yen||NZDJPY||8||100,000 NZD||500 NZD||9||1000 JPY / rate USDJPY |
|Canadian Dollar vs Swiss Franc||CADCHF||6||100,000 CAD||500 CAD||8||10 CAD/ rate USD/CHF |
|New Zealand Dollar vs Swiss Franc||NZDCHF||9||100,000 NZD||500 NZD||11||10 NZD/ rate USD/CHF|
|Euro vs New Zealand Dollar||EURNZD||12||100,000 EUR||500 EUR||11||10 NZD / rate NZD/USD |
|British Pound vs New Zealand Dollar||GBPNZD||15||100,000 GBP||500 GBP||16||11 NZD / rate NZD/USD |
|New Zealand Dollar vs Canadian dollar||NZDCAD||9||100,000 NZD||500 NZD||11||10 NZD/ rate USD/CAD 0|
|US Dollar vs Swedish Krona||USDSEK||50||100,000 USD||500 USD||15||10 SEK/ rate USD/SEK |
|US Dollar vs Danish Krona||USDDKK||24||100,000 USD||500 USD||25||10 DKK/ rate USD/DKK |
|US Dollar vs Norwegian Krona||USDNOK||50||100,000 USD||500 USD||51||10 NOK/ rate USD/NOK |
|US Dollar vs Mexican Peso||USDMXN||60||100,000 USD||500 USD||60||10 MXN/ rate USD/MXN |
|US Dollar vs Singapore Dollar||USDSGD||5||100,000 USD||500 USD||6||10 SGD/ rate USD/SGD |
|US Dollar vs Hong Kong Dollar||USDHKD||20||100,000 USD||500 USD||21||10 HKD/ rate USD/HKD |
|Euro vs Russian Rouble||EURRUB||50****||100,000 EUR||500 EUR||20||100 RUB/ rate USD/RUB |
|US Dollar vs Russian Rouble||USDRUB||40****||100,000 USD||500 USD||20||100 RUB/ rate USD/RUB |
|US Dollar vs Chinese Yuan Renminbi||USD/CHN||Ïëàâàþùèé/ ðûíî÷íûé||100,000 USD||500 USD||20||10 CHN/ rate USD/CHN |
|Spot Gold**||GOLD||60||100 OZ||1 %||80||100 USD |
|Spot Silver**||SILVER||60||5000 OZ||1 %||80||50 USD |
* The lowest spread between the current market price and the price specified in a stop-loss/take-profit order under normal market conditions, denominated in pips.
** The amount of the leveraged position is calculated as follows: amount × contract size × opening price × margin amount (p.p.) / 100. E.g., GOLD: (1 lot × 100 OZ × 800.11 × 3) / 100 = US$2,400.33
The trade position may be rolled over to the next day via market swaps which may be both negative and positive, denominated in pips. You can see the amount of swaps in our trading terminal BCS Trade Station by clicking on the ‘Market Survey’ box with the right-hand mouse button and then selecting ‘Symbols’ in the drop-down menu. Then you need to highlight the required instruments and click ‘Properties’.
Please note! The amount of the market swap in case of open position rollover from Wednesday to Thursday is debited/credited threefold.
Margin trading requirements
* Required margin is freely available money required to have a position opened. E.g., with the leverage equal to 1:200, the amount of the required margin will amount to 0.5% of the transaction value; with the leverage equal to 1:33, the required margin will amount to 3%; with the leverage equal to 1:20, the required margin will amount to 5%; etc.
** The level of required margin is the leverage (debt-to-equity) ratio (account balance + floating income – floating losses) expressed in percentage points.
*** Funds deposited on trade account (deposit) are funds available at the trade account, including open positions (account balance + floating income – floating losses).
If a client fails to meet the above-listed margin requirements (in particular, the requirement regarding the maintenance of the minimum margin level), the unprofitable positions with highest loss shall be closed by BCS. To prevent this from happening, it is recommended that a client close some of his/her loss-incurring positions or open a hedge position.
A client’s positions shall be subject to mandatory closing at the stop-out level if the level of the required margin goes down below 50%.
Margin requirements for hedge positions
The size of hedge positions (i.e. positions contrary to those, which have already been opened) cannot exceed the amount of current free cash (free margin) available in a client’s trade account.