Tradable Currency Pairs
|Currency Pair||Tick Size||Trade Size per Lot||Min. Limit per Order||Max. Limit per Order|
|EUR / USD||0.00001 USD||10,000 EUR||10,000 EUR||10,000,000 EUR|
|USD / JPY||0.001 JPY||10,000 USD||10,000 USD||10,000,000 USD|
|EUR / JPY||0.001 JPY||10,000 EUR||10,000 EUR||10,000,000 EUR|
|GBP / USD||0.00001 USD||10,000 GBP||10,000 GBP||10,000,000 GBP|
|AUD / USD||0.00001 USD||10,000 AUD||10,000 AUD||10,000,000 AUD|
|NZD / USD||0.00001 USD||10,000 NZD||10,000 NZD||10,000,000 NZD|
|GBP / JPY||0.001 JPY||10,000 GBP||10,000 GBP||10,000,000 GBP|
|AUD / JPY||0.001 JPY||10,000 AUD||10,000 AUD||10,000,000 AUD|
|NZD / JPY||0.001 JPY||10,000 NZD||10,000 NZD||10,000,000 NZD|
|CHF / JPY||0.001 JPY||10,000 CHF||10,000 CHF||10,000,000 CHF|
|CAD / JPY||0.001 JPY||10,000 CAD||10,000 CAD||10,000,000 CAD|
|USD / CHF||0.00001 CHF||10,000 USD||10,000 USD||10,000,000 USD|
|EUR / CHF||0.00001 CHF||10,000 EUR||10,000 EUR||10,000,000 EUR|
|GBP / CHF||0.00001 CHF||10,000 GBP||10,000 GBP||10,000,000 GBP|
|EUR / GBP||0.00001 GBP||10,000 EUR||10,000 EUR||10,000,000 EUR|
Trading specifications above apply to both buy and sell orders
Price Execution Model
Z.com Forex operates on a Straight Through Processing (STP) model connects to GMO CLICK Securities, Inc. , which connects to global liquidity providers and top tier financial institutions. Details are as follows:
Market / Stop / Auto-closeout Orders
1 Under normal market conditions, the Execution Price equals the Hedge Price plus a fixed spread
2 Under normal market conditions, the Execution Price equals the Hedge Price plus a spread
3 Info update: 3rd June, 2023. According to GMO CLICK Securities, Inc., the rate sources include but not limited to Bank of America N.A., BNP Paribas, Commerz Bank AG, Mizuho Bank, Ltd., Morgan Stanley & Co. International PLC, MUFG Bank, Ltd., NatWest Markets Plc, Nomura International PLC, The Hongkong and Shanghai Banking Corporation Limited and XTX Markets Limited (arranged in alphabetical order)
|Trading Days||Monday to Friday excluding new year holiday and over Christmas|
|Order Submission Hours||
24 hours a day, 365 days a year*
*Subject to maintenance hours. No market orders will be accepted outside trading hours.(Pending Order accepted)
|Trading Hours (GMT +8)||New York Winter Time period||Monday 6:00 a.m. to Saturday 6:00 a.m. (HKT)|
|New York Summer Time period||Monday 6:00 a.m. to Saturday 5:00 a.m. (HKT)|
|Trading Close||In relation to each Trading Day, 6 a.m. Hong Kong Time
(or 5 a.m. Hong Kong Time, during New York Summer Time period)
Withdrawal requests are accepted 24 hours a day (except during maintenance hours) through Z.com Trader Web.
Your withdrawal requests will be processed around 4:00 p.m. every business day (excluding Sat, Sun and Hong Kong public holidays).
Withdrawal maintenance hours:
|Scheduled Maintenance Hours||Saturday 7:00 a.m. to 11:00 a.m.|
- All orders, trades and withdrawal requests are subject to scheduled maintenance hours.
- Market hours will be subject to changes during Hong Kong and global bank holidays.
Fees & Commissions
|Fees & Commissions||NIL|
|Account Maintenance Fee||NIL|
|Deposit Bank Fee||HSBC / BANK OF CHINA||NIL|
|Other Banks||Charges to be borne by clients|
|Withdrawal Bank Fee||Online Trading Platform||NIL|
|Written Withdrawal Request||For withdrawal to overseas banks, all bank charges will be borne by the client.|
|Settlement Currency||HKD only|
|Minimum Initial Deposit||NIL|
|Initial Margin (Required Margin) level||5% of currency contract value (in HKD)|
|Maximum Leverage||20 times|
|Maintenance Margin Level
When account equity falls below 3% of open positions value (i.e., 60% of margin ratio) in HKD at any time during the trading day, a margin call will be issued to the client by email and by the trading platform.
You will be required to meet the margin call as soon as possible after margin call has been issued.
Required Additional Margin: Net equity less required margin.
Ways to Meet Margin Call
Once you have done this, log on to the Z.com Trader Web and go to "Accounts > Balances & Withdrawals" to ensure that the current margin ratio return to 100% or above.
Our system monitors all clients' trading account every 30 seconds or longer. Auto-Closeout process will be triggered if client's net equity falls below 1.5% of open position value (i.e., 30% margin ratio) in HKD at the checking point. This process is not to guarantee that client's position is liquidated as near as the 1.5% line and the client could fall into a negative balance in the extreme market situation.
Once Auto-Closeout has been triggered, all pending orders will be cancelled and all outstanding positions will be liquidated.
|Forex Quotes||2 way pricing – Sell and Buy|
Z.com Trader Web
We will NOT accept any orders via phone or other means except for system and / or internet failure.
“Market Order” means the type of order that is executed immediately at prevalent market rates when placed. The executed price may differ from the order price due to market fluctuation.
|Expiry Types||Day (Till Trading Close)
Good-Till-Friday (Till Friday’s Trading Close)
This is an optional feature.
Although it is a convenient feature to enter hedged trades at the same time, we do not recommend the usage of the feature to our users. You should be aware of the various factors that could affect your account balance as a result of executing such hedged trades:
-Possible negative spread (i.e., rollover charges may be higher than rollover accruals) if hedged positions are held overnight; or
-You will be subject to twice the usual trading cost when closing these hedged trades.
You will only be required to hold one set of Margin for hedging trades, with this amount being the greater of the two hedging position's Required Margin.
There must be sufficient Margin in your trading account in order to open the hedging position.
It will be your responsibility to continually monitor your positions and Z.com Forex will be not liable for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of this feature.
|Order Conditions||Trading Units per Order||Minimum||10,000 Units|
|Maximum||8,000,000 Units - 10,000,000 Units
This may differ from client to client.
|Order Units per Day||Minimum||NIL|
80,000,000 Units - 200,000,000 Units
(including pending orders)
This may differ from client to client.
|Maximum Position Limit||Maximum||
8,000,000 Units - 50,000,000 Units
This may differ from client to client.
|Deposit & Withdrawal in non-HKD currencies||NIL|
|Cash-on-Delivery (Physical Settlement)||NIL|
Profit / Loss & Rollover
The realised amount will be credited or debited to or from account balance and Available Margin at Trading Close, and it will be settled (i.e., credited to or debited from the cash balance) at Trading Close on the next business day (T+1).
|Profit / Loss Settlement||At Trading Close on the 3rd business day (T+2) from the date on which the trade was closed.|
|Profit / Loss Calculation||
"Marked to market" floating profit and loss can be calculated through the following calculation:
Your realized profit and loss can be calculated through the following calculation: P/L = (opening rate – closing rate) x trade size
Both "marked to market" floating P/L and realized P/L are converted into Hong Kong dollars (HKD) based on USD/HKD live rates. You may click here to view the current USD/HKD rates.
The conversion rate USD/HKD is currently 7.75601/7.75617 (Sell/Buy).
Your profit in HKD will be: 137 x 7.75601 HKD = HKD1,062.57 (using the "SELL" side rate)
If you make a loss of USD137, we will use the "BUY" side rate to work out the HKD loss: