US$5,000 or its equivalent.
Real-time streaming quotes are provided by the largest liquidity providers in the forex market. Quotes are updated in real-time as the market changes.
We offer maximum 1:20 leveraged trading.
From market open Monday morning (5am Summer time/6am Winter time) to market close on Saturday morning (5am Summer time/6am Winter time).
Yes, you will receive a margin call when appropriate, via email.
The short answer is 'limit orders' and 'stop loss orders'. A 'limit orders' places restrictions on the maximum price to be paid or the minimum price to be received. A 'stop loss orders' sets a particular position to be automatically liquidated at a predetermined price. Both limit potential losses. However, you should be in mind that placing contingent orders, such as 'stop loss orders' will not necessarily avoid loss. Market conditions may make it impossible to execute such orders.
You will receive a margin call when your open position falls below 3% of the gross principal value of the contract. If you do not return your portfolio to the required margin level – 3% of the contract value – CESFXHK, without further notice, will auto liquidate your position if the margin falls to 1%.
E.g.: You sell 100,000 EUR at the rate 1.3000, 1 pips = US$10
5% initial margin = US$130,000 x 5% = US$6,500
3% margin call = US$130,000 x 3% = US$3,900, that means when your balance drops below to US$3,900, you will receive a margin call by email. At that time, the price has gone from 1.3000 to 1.3260.
US$6,500-US$3,900 = US$2,600
US$2,600/ US$10 = 260pips
1.3000 + 0.0260 = 1.3260
We will request you to deposit money into your trading account. Otherwise, once your margin level drops to 1%, we will liquidate your position.
1% close out position = US$130,000 x 1% = US$1300, that means when your balance drops below to US$1300, we will close out your position automatically. At that time, the price has gone from 1.3000 to 1.3520
US$6500 – US$1300 = US$5200
US$5200 / US$10 = 520 pips
1.3000 + 0.0520 = 1.3520
The above examples are for illustrative purposes only. CESFXHK expressly reserves its full range of rights and powers under its Client Agreement and Schedules to close out positions. For more details, please refer to the latest version of its Client Agreement and Schedules.
No. CESFXHK aims to help you to connect to the FX world effectively and fairly. We don't offer re-quote even the market is volatile.
One-cancel-the-other order, Stop Order and Limit Order.
The forex market was, in the past, dominated by banks. However, the percentage of other market participants is rapidly growing due to the popularity and availability afforded by the internet, and now includes many corporations, dealers, traders and speculators.
The forex market begins trading each day in New Zealand, and moves around the globe, first to Tokyo, then London and New York. Unlike other financial markets, investors can respond to economic, social and political events at the time they occur – day or night. The market is open throughout the working week.
Those countries with a significant share of the global economy, stable governments, respected central banks, and low inflation. Over 85% of all daily transactions involve trading in the US dollar, Japanese yen, euro, British pound, Swiss franc, Canadian dollar and Australian dollar.
Currency prices (exchange rates) can be affected by any number of economic and political conditions or factors including interest rates, inflation and political stability. To make things worse, governments sometimes try to influence the value of their currencies. Central bank intervention of this kind, and the response of investors and speculators, can result in high volatility. However, the size and volume of the forex market makes it unlikely that any country or other entity can control influence the market for any sustained period length of time.
The CRS was developed by Organization of Economic Cooperation and Development (“OECD”), where financial institutions in participating jurisdictions are required to review and collect information that will enable them to identify tax residency of financial account holders and to provide relevant information to the local tax administration authorities on an annual basis. The Hong Kong government gazetted the Inland Revenue (Amendment) (No. 3) Ordinance 2016 on June 30, 2016 and CRS has been in effect since January 1, 2017 in Hong Kong.
For more information, please refer to the below link which contained pamphlets issued by the Inland Revenue Department of Hong Kong.