HomeTrading terms

PRO.MT4

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, 2 spot metals, 97 CFDs;
  • 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%.


Contract specifications

Instrument Symbol Lowest spread (typical)* A lot size Margin Limit & Stop levels(pips)** A pip value per 1 lot
Australian Dollar/Canadian DollarAUDCAD5 (fix)100 0005 AUD510 CAD
Australian Dollar/Swiss FrancAUDCHF6 (fix)100 0005 AUD610 CHF
Australian Dollar/Japanese YenAUDJPY4 (fix)100 0005 AUD41000 JPY
Australian Dollar/New Zealand DollarAUDNZD8 (fix)100 0005 AUD810 NZD
Australian Dollar/US DollarAUDUSD2 (fix)100 0005 AUD210 USD
Canadian Dollar/Swiss FrancCADCHF6 (fix)100 0005 CAD610 CHF
Canadian Dollar/Japanese YenCADJPY5 (fix)100 0005 CAD51000 JPY
Swiss Franc/Japanese YenCHFJPY3 (fix)100 0005 CHF31000 JPY
Euro/Australian DollarEURAUD6 (fix)100 0005 EUR610 AUD
Euro/Canadian DollarEURCAD6 (fix)100 0005 EUR610 CAD
Euro/Swiss FrancEURCHF2 (fix)100 0005 EUR210 CHF
Euro/British PoundEURGBP2 (fix)100 0005 EUR210 GBP
Euro/Japanese YenEURJPY3 (fix)100 0005 EUR31000 JPY
Euro/New Zealand DollarEURNZD12 (fix)100 0005 EUR1210 NZD
Euro/Russian RubleEURRUB1.3 (1.8) 100 0005 EUR1100 RUB
Euro/US DollarEURUSD1 (fix)100 0005 EUR110 USD
British Pound/Australian DollarGBPAUD8 (fix)100 0005 GBP810 AUD
British Pound/Canadian DollarGBPCAD8 (fix)100 0005 GBP810 CAD
British Pound/Swiss FrancGBPCHF5 (fix)100 0005 GBP510 CHF
British Pound/Japanese YenGBPJPY5 (fix)100 0005 GBP51000 JPY
British Pound/New Zealand DollarGBPNZD12 (fix)100 0005 GBP1210 NZD
British Pound/US DollarGBPUSD2 (fix)100 0005 GBP210 USD
New Zealand Dollar/Canadian DollarNZDCAD8 (fix)100 0005 NZD810 CAD
New Zealand Dollar/Swiss FrancNZDCHF8 (fix)100 0005 NZD810 CHF
New Zealand Dollar/Japanese YenNZDJPY6 (fix)100 0005 NZD61000 JPY
New Zealand Dollar/US DollarNZDUSD2 (fix)100 0005 NZD210 USD
US Dollar/Canadian DollarUSDCAD3 (fix)100 0005 USD310 CAD
US Dollar/Swiss FrancUSDCHF2 (fix)100 0005 USD210 CHF
US Dollar/Chinese Yuan RenminbiUSDCNH16 (24)100 0005 USD1610 CNH
US Dollar/Danish KronerUSDDKK24 (fix)100 0005 USD2410 DKK
US Dollar/Hong Kong DollarUSDHKD15 (fix)100 0005 USD1510 HKD
US Dollar/Japanese YenUSDJPY2 (fix)100 0005 USD21000 JPY
US Dollar/Mexican PesoUSDMXN60 (fix)100 0005 USD6010 MXN
US Dollar/Norwegian KroneUSDNOK50 (fix)100 0005 USD5010 NOK
US Dollar/Russian RubleUSDRUB1 (1.3) 100 0005 USD1100 RUB
US Dollar/Swedish KronaUSDSEK50 (fix)100 0005 USD5010 SEK
US Dollar/Singapore DollarUSDSGD5 (fix)100 0005 USD510 SGD
Gold/US DollarGOLD50 (fix)1001%501 USD
Silver/US DollarSILVER50 (fix)5 0001%505 USD
Alcoa Inc_AA3 (4)10010%31 USD
Apple Computer Inc_AAPL6 (12)10010%61 USD
Amazon Com Inc_AMZN5 (20)10010%51 USD
American Express Company_AXP3 (5)10010%31 USD
Boeing Company_BA3 (8)10010%31 USD
Bank of America_BAC3 (4)10010%31 USD
Caterpillar Inc_CAT3 (5)10010%31 USD
Cisco Sys Inc_CSCO2 (3)10010%21 USD
Chevron_CVX3 (4)10010%31 USD
DuPont_DD3 (4)10010%31 USD
Walt Disnay Company_DIS3 (4)10010%31 USD
Ebay Inc_EBAY3 (4)10010%31 USD
Facebook_FB3 (4)10010%31 USD
General Electric Corporation_GE3 (4)10010%31 USD
Google Inc_GOOG7 (24)10010%71 USD
Halliburton Co_HAL3 (4)10010%31 USD
Home Depot Inc_HD3 (4)10010%31 USD
Honeywell International Inc_HON3 (4)10010%31 USD
Hewlett-Packard Company_HPQ3 (4)10010%31 USD
IBM Corporation_IBM3 (7)10010%31 USD
Intel Corporation_INTC3 (4)10010%31 USD
International Paper Company_IP3 (4)10010%31 USD
Johnson & Johnson_JNJ3 (4)10010%31 USD
JPMorgan Chase & Co_JPM3 (5)10010%31 USD
Coca-Cola Company_KO3 (4)10010%31 USD
McDonald's Corporation_MCD3 (9)10010%31 USD
Moody's_MCO3 (7)10010%31 USD
3M Company_MMM3 (7)10010%31 USD
Altria Group Inc_MO3 (4)10010%31 USD
Merk & Co Inc_MRK3 (4)10010%31 USD
Microsoft Corporation_MSFT3 (4)10010%31 USD
Pfizer Inc_PFE3 (4)10010%31 USD
Procter & Gamble Company_PG3 (7)10010%31 USD
Philip Morris Intl_PM3 (9)10010%31 USD
AT&T_T3 (4)10010%31 USD
Twitter Inc_TWTR3 (6)10010%31 USD
Tesla Motors Inc_TSLA2 (18)10010%21 USD
United Technologies Corporation_UTX4 (6)10010%41 USD
Verizon Communications Inc_VZ3 (4)10010%31 USD
Wal-Mart Stores Inc_WMT3 (4)10010%31 USD
Western Union_WU3 (4)10010%31 USD
ExxonMobil Corporation_XOM3 (4)10010%31 USD
Xerox Corp_XRX3 (4)10010%31 USD
Yahoo Inc_YHOO3 (4)10010%31 USD
Yandex_YNDX3 (7)10010%31 USD
"" _CHMF3 (4)2005%/33%31 RUB
" " _FEES3 (4)100 0005%/33%30.1 RUB
"" _GAZP4 (5)1 0005%/33%40.1 RUB
"" _GMKN4 (6)205%/33%41 RUB
"" _HYDR2 (3)100 0005%/33%20.1 RUB
"" _LKOH1 (2)1005%/33%10.1 RUB
"" _MTLR1 (2)3005%/33%10.1 RUB
". " _MTSS15 (26)5005%/33%150.1 RUB
"" _NLMK4 (5)1 0005%/33%40.1 RUB
"" _NVTK15 (28)1005%/33%150.1 RUB
"" _RASP3 (4)1 0005%/33%30.1 RUB
"" _ROSN14 (21)1 0005%/33%140.1 RUB
"" _RTKM10 (15)1 0005%/33%100.1 RUB
" " _SBER1 (2)1 0005%/33%10.1 RUB
" " _SBERP3 (4)1 0005%/33%31 RUB
"" _SNGS13 (22)5 0005%/33%130.1 RUB
"" _SNGSP3 (6)5 0005%/33%30.1 RUB
"" _TATN12 (18)1 0005%/33%120.1 RUB
"" _TRNFP25 (50)25%/33%251 RUB
"" _URKA4 (7)1 0005%/33%40.1 RUB
" " _VTBR1 (2)1 000 0005%/33%10.1 RUB
#MX50 (100)17%501 RUB
#RI30 (40)15%300,65 RUB
Xetra DAX Index#DE3040 (50)52%400.50 EUR
US Dollar Index#DX30 (40)5002%300.50 USD
Dow Jones EURO STOXX50 Index#EU5030 (40)102%301 EUR
CAC40 Index#F4030 (40)102%301 EUR
Nikkei 225 Index#JP22515 (20)2002%15200 JPY
FTSE 100 Index#UK10030 (40)52%300.50 GBP
Russell 2000 Index#US20008 (9)402%84 USD
DJIA Index#US308 (9)42%84 USD
S&P 500 Index#US5007 (8)402%74 USD
Nasdaq 100 Index#USTEC40 (50)102%401 USD
WTI Crude Oil#CL5 (8)2001.50%52 USD
Heating Oil#HO31 (36)1 50010%310.15 USD
Brent Crude Oil#LCO5 (6)2001.50%52 USD
Natural Gas#NG31 (32)2 00010%312 USD
Palladium#PA40 (50)205%402 USD
Platinum#PL31 (35)205%312 USD
US Cocao#CC11 (12)44%114 USD
US Cotton No. 2#CT30 (32)1004%301 USD
US Coffee C#KC55 (60)1004%551 USD
Live Cattle#LE425 (450)1004%421 USD
Orange Juice#OJ55 (85)1004%551 USD
US Sugar No. 11#SB7 (8)5008%75 USD
US Corn#ZC225 (250)248%2250.24 USD
US Soybeans#ZS75 (100)248%750.24 USD
US Wheat#ZW75 (100)248%750.24 USD
US 5 YR Treasury Note#FV6 (7)5002%65 USD
US 2 YR Treasury Note#TU6 (7)5002%65 USD
US 10 YR Treasury Note#TY6 (7)5002%65 USD
US T-Bond#US6 (7)5002%65 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.

Stop-Out

A clients positions shall be subject to mandatory closing at the stop-out level if the level of the required margin goes down below 20%.

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 clients trade account.