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Forex

FOREX TRADING DETAIL

SPREAD

All the currency pair quotes are in a two-way price, the 'Bid' and the 'Ask'. The 'Bid' is constantly lower than the 'Ask' price. The 'Bid' is the price in which the dealer is willing to pay for the base currency in exchange for the quote currency signifies the 'Bid' is the price at which you will sell. The 'Ask' is the price at which the dealer will sell the base currency in exchange for the quote currency signifies the 'Ask' is the price at which you will pay for. The difference among the 'Bid' and the 'Ask' price is popularly known as the Spread.

UMOFX constantly offers our customers with low spreads and precise pricing system to provide clients with fair and competitive trading field. Please refer to the summary table for our spread for all the currency pair accessible. Besides, our spreads are fixed under all market conditions.

SWAP

'Swap' is also typically known as a 'rollover rate'. It is an amount paid or earned attributable to the differential interest rates applicable to currency pairs when a trader holds a position through night. Swap rates are calculated on daily simple at 4:59 PM/ET. To be subjected to swap, trade position should have been opened before 4:59 PM/ET and held open past this time. Swap rates are tripled on Wednesday at 4:59 PM/ET. Swap rate is differing for each currency pairs and depend on either long or short. Please allude to the summary table for swap rate traded with UMOFX.

Swap rate formula:

Swap debit/credit = Current swap rate in USD per unit * lot size

UMOFX Spread And Swap Table

Symbol Contract Size Spread MTP Swap (Long) Swap (Short)
Symbol Contract Size Min Spread Average Spread Swap (Long) Swap (Short)
Symbol Contract Size Min Spread Average Spread Swap (Long) Swap (Short)
Symbol Contract Size Min Spread Average Spread Swap (Long) Swap (Short)

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