As a regulated CFD broker, ZFX offers 100+ assets including Forex, stock indices, commodities (precious metals & crude oils), and shares to our clients. You can immediately trade all the assets our online trading platforms right after opening an account and make a deposit.

See the list of available trading assets here

Answer: Suppose a client of the STP account opens a Buy-order for HK50 0.01 lot on date 9/24 and holding this order through the closing of the market (trading platform/server time) on that day. Because the date was given, The dividend is 9/25, therefore, it is necessary to refer to dividend figure information on 9/25 from the announcement of the official website. Assume that the dividend figure information on 9/25 is 1.214. The calculation methods are as follows:
1.214 (Component Dividend (weighted, per stock index contract)) × 0.01 (lots) × 50 (contract size) = 0.607 Hong Kong Dollars Suppose the exchange rate is 7.8381, which will become 0.077 US dollars, rounding to 0.08 US dollars, because of client open buy-order. Therefore, the client will receive dividends of 0.08 US dollars.

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

Answer: 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.)

Answer: 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.

Answer: Yes, our company will calculate overnight interest as well when the order is on hedge or hedging.

Answer: 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.

Answer: 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.

Answer: We will calculate overnight interest for 7 days per week in accordance with international banking practices. When made the deal for forex trading, The execution date will be the next two trade days (T 2). We calculate overnight interest for 1 day on Monday, Tuesday, Thursday, and Friday. The overnight interest will be charged for 3 days on Wednesday.

Answer: Formula calculating overnight interest for Gold, silver, US oil, UK oil and some indexes = lot * Swap Rate * number of days
For example: a client opens buy order 2 standard lots for gold and holding overnight, overnight interest = – 5.46 USD * 2 lots * 1 day = -10.92 USD. The result is a negative value, meaning the client has to pay 10.92. USD. Therefore, overnight interest is determined by the swap rate on the platform. If the swap rate is negative, the client will be charged interest. The swap rate is positive, the client will be paid interest from the company.

Answer: Formula calculating overnight interest for Forex, share CFD and some indexes: total contract value x swap rate ÷ 360
For example: the client opens a buy order for the EURUSD currency pair, in which the swap rate is -1.78%. Meanwhile, trading the EURUSD 1 standard lot. Formula of total contract value = contract size * lot = 100000 x 1 Euro, assuming that the exchange rate from the euro to the US dollar = 1.23456, so the total contract value for EURUSD 1 lot = 100000 x 1.23456 = 123456 USD. Therefore, the overnight interest for opening the buy order 1 lot of EURUSD = 100000 x 1.23456 x (- 1.78%) ÷ 360 = -6.104 USD. The result is a negative value which Means the client has to pay the overnight interest \$ 6.104 USD Therefore, overnight interest is determined by swap rates on the platform. If the swap rate is negative, the client will be charged interest. The swap rate is positive, the client will be paid interest from the company.

Answer: Swap rates for each product can be viewed on the MT4 trading platform. After login into the platform, Right-click on the product in the Market Watch window on the left. Choose the specification to see “Swap Long” and “Swap Short”, which are “Swap long (Buy order)” and “Swap short (Sell order). “The overnight interest rate is determined by the swap rate on the platform. If the swap rate is negative, the client will be charged interest. The swap rate is positive, the client will be paid interest from the company.

Answer: When you are holding orders during summer time through 4:00 am of Thailand time (GMT + 1 21:00) or winter time through 5:00 am of Thailand time (GMT + 1 22:00), those orders will be charged overnight interest or be paid overnight interest based on the product.

Summer Time: Settlement at 4:00 am of Thailand time in the morning of every day (GMT + 1 21:00)
Winter Time: Settlement at 5:00 am of Thailand time in the morning of every day (GMT + 1 22:00)

Answer: The pending orders on the platform do not expire until cancelled manually.

Answer: Stop Loss and Take Profit refers to setting a predetermined closing order price when the market price reaches the setting closing order price. The system will automatically close the order, setting a Stop Loss price to avoid excessive losses, and setting a Take Profit price to prevent the profits you should receive. Setting a Stop Loss and Take Profit is possible. Which will reduce the loss of orders and achieve the maximum profit expected, which is one of the tools used to manage the client’s investment risk. Please right-click on the order in “Terminal-Trade” for setting the Stop Loss price and Take Profit price. Click “Modify or Delete Order” and set the desired Stop Loss price or Take Profit price in the popup window.

Answer: If the balance of the account is insufficient and then capital can not be deposited immediately. Resulting in the margin level of the account fall to lower than the stop out level. The system will close the most loss orders automatically. The minimum of stop out level for each account, Mini account: 20%, Standard STP account: 30% and ECN account: 50%.
※ Friendly reminder: Hedge or hedging can not totally avoid the risk of the stop out. The balance of account may be stop out due to changes in the spread between the buy price and the sell price and overnight interest expenses. Therefore, Investors should pay attention to the remaining balance in the account too when processing hedging.

Answer: Hedged Margin for Mini account and STP account, Forex and gold will charge margin 0%, and commodities, indexes, cryptocurrencies and share CFDs will charge margin 10%. Hedged Margin for ECN account will charge margin 50% for all types of goods.

Answer: If investors are opening both buy and sell orders for the same products and the same lots at the same time. The system will automatically enable hedging, regardless of whether the market price is rising or falling, with relatively low risk.
※ Friendly reminder: Hedge or hedging can not totally avoid the risk of the stop out. The balance of account may be stop out due to changes in the spread between the buy price and the sell price and overnight interest expenses. Therefore, Investors should pay attention to the remaining balance in the account too when processing hedging.