Futures spreads and
conditions...
Support for Stop and Stop Limit orders
Stop and stop-limit orders are subject to
support by the exchange on which the contract is traded. The
order types available are noted in the popup details for each
contract.
Initial margin
The initial margins listed below are the
collateral per contract that you must have in your account to
open a position.
Maintenance margin
Futures contracts are traded on margin
enabling you to leverage a small margin deposit for a much
greater market effect.
You must maintain the Maintenance Margins
listed below per contract in your account at all times. If the
funds in your account fall below this margin, you will be
subject to a margin call to either deposit more funds to cover
your positions or close positions — normally you will be
notified through our trading platform and via email. If your
margin situation is not remedied, we may close positions
on your behalf.
Expiry of Futures Contracts
Please note that
Spectrum Live does
not support physical delivery of the underlying security upon
expiry of a futures contract. We therefore advise you to be
aware of the expiry and first notice dates of any futures
contracts you invest in and ensure that you close your position
before this date. If you do not close a futures position before
its expiry or first notice date,
Spectrum Live will
close your position for you at the first available opportunity
at the prevailing market rate. Any resulting costs, gains or
losses will be passed on to you.
If you require any assistance or
clarification regarding the expiry of futures contracts, please
contact Spectrum Live.
The commission and margin rates referred to
above may vary from time to time especially for very active or
inactive customers. Spectrum Live reserves the right to
amend the commission rates, brokerage fees, margin rates and
interest rates referred to according to the terms of the trading
agreement entered into between
Spectrum Live and the
Client.
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