Trading conditions

Forex market working hours:

Trading takes place 24 hours a day, 5 days a week (SquaredTrader and our support desk works from Sunday 23:00 to Friday 23:00 CET). Early closings are possible depending on calendar arrangement.

Forex trading margins:

Standard required margin for trading forex is 2%, or in retail terms the standard leverage we offer to our clients is 50. On client's request the required margin can be lowered to 1% (or leverage of 100). Currently all currencies bear the same required margin.

Swaps:

Client's positions are rolled over using the liquidity providers rates, plus/minus a markup of 5%, which places us on the top list of the brokers providing the lowest Swap fees.

Islamic account holders positions are rolled over without interest rate, in other terms only the value date of the position is changed, not the rate.

Brokerage fees:

Clients may either opt for a commission based brokerage fee, or a markup based brokerage fee.

If commission based, account holders will trade on a transparent price feed where spreads can be as low as 0 and will pay a negotiated fee per million traded. Expected monthly traded volume is taken into account when setting the commission per million units traded.

If markup based, account holders will trade on non transparent market rates where the prices displayed already include Socofinance's brokerage fee. The markup integrated in the price fee is of course negotiated with the client as well. We do not charge hidden fees and our clients are made well known of all fees to be charged on the top of a fully transparent market rate.

Phone trading:

In addition to providing our customers with SquaredTrader, service includes a free access to our trading desk for futures and precious metals 24h/day, and Squared Financial trading desk for forex trading. Account holders may issues orders and set stops over the phone without additional charges. Our dealers do not provide market quotation and will simply execute your transaction through your own account/platform, this ensures a perfect neutrality and the guarantee that you will be filled on the market price, with the commission profile you have previously negotiated with us, and withtout quotation fees.