Trading conditions.Margin, leverage and costs.

How margin and leverage work, what a trade costs and how your orders are filled. The margin call and stop out levels come from the client agreement.

At a glance

How margin works.

Margin is the part of a trade's value you put up to open it. Leverage is how many times bigger the trade is than that margin.

Margin: The part of a trade's value you put up to open it, set per instrumentClient agreement, section 15(b)
Margin level: Your equity as a percentage of the margin your open trades need
Below 50%: We may issue a margin call, stop new trades and start closing positionsClient agreement, section 15(e)
At 20% or below: Your positions are at immediate risk of being closed. This is called a stop outClient agreement, section 15(e)
Warnings: We don't have to warn you before closing positionsClient agreement, section 15(f)
Negative balance: If a stop out leaves your balance below zero, the client agreement provides for it to be adjusted to zero. You can still lose all the money you depositClient agreement, section 19.1
Changes: We can change margin requirements at any time, including on open trades, so keep an eye on the platformClient agreement, sections 15(c) and 15(d)

An illustration only. Margin rates differ by instrument and can change.

Spreads, commission, overnight funding and account fees. Spreads and commission by account are on the account comparison.

Spread
The difference between the buy and sell price. From 1.0 pips on Cent and Classic and from 0.0 pips on Premier and Elite. Spreads vary and can widen when markets move fast.
Commission
None on Cent and Classic. On Premier, $3.00 per lot each way (to open and to close). On Elite, $2.50 per lot each way.
Overnight funding
Trades still open at the end of the trading day roll over to the next day. A funding charge or credit applies, based on the trade's value.
Account fees
Four withdrawals a month are free of our charges, then a fee may apply. A fee may also apply to accounts that aren't used. Ask us for the current fees.

OFinancial LLC acts as principal: we are the counterparty to every trade you place, using our own prices.
Market orders are filled as soon as possible at the price we can get. In fast markets the fill can differ from the price you saw. This is called slippage.
A stop loss limits a loss in normal conditions, but it isn't guaranteed. If the market gaps, it can be filled at a worse price.
Our best execution policy explains how we price and fill orders. Read it before you trade.

Section 1 of the client agreement calls this unauthorised activity, and we can act on accounts that use it. It includes:

The trading terms used on this site, in plain words.

Leverage: How many times bigger a trade is than the margin you put up. At 1:1000, $100 of margin opens a $100,000 trade.
Pip: A small unit of price movement. For most currency pairs it is the fourth decimal place, 0.0001.
Lot: The size of a trade. One standard lot of a currency pair is 100,000 units of the first currency.
Spread: The difference between the buy price and the sell price.
Equity: Your balance plus or minus the profit or loss on your open trades.
Margin: The part of a trade's value you put up to open it.
Margin level: Your equity as a percentage of the margin your open trades need.
Stop out: When your trades are closed because your margin level fell too low.
Overnight funding: A charge or credit on trades you keep open past the end of the trading day.
USC: US cents, the currency of the Cent account. 100 USC is one US dollar.

Complete a short application and our team will contact you with the next steps.

CFDs are leveraged products. You could lose all the money you deposit. They may not be suitable for everyone.

Please read the client agreement and risk disclosure before you apply.