The Benefits of Shares:
|Minimum Tick Size||Long Swap
|GOOG.US||Alphabet Inc Class C||0.4||0||10%||1||0.01||-2.5||-2.5|
|GS.US||Goldman Sachs Group||1.1||0||10%||1||0.01||-2.5||-2.5|
|JPM.US||Jp Morgan Chase||0.5||0||10%||1||0.01||-2.5||-2.5|
|MA.US||Mastercard Cl A||1.4||0||10%||1||0.01||-2.5||-2.5|
(GMT+2 time zone, please note that DST apply in the summer) Open: Monday 16:35 | Close: Friday 22:55
Spreads at Axon Markets are floating, view the real-time spreads from your trading platform. The average spreads indicated in the above table are calculated throughout the day to represent the average daily spread for each symbol. Despite our best efforts to offer reasonable spreads during all trading hours, clients should be aware that these are subject to change depending on underlying market conditions. The above is provided for indicative purposes only, spreads may widen as a result of important news announcements, political uncertainty, unexpected events that can lead to volatile market conditions, or at the open/close of the business day when there is less liquidity.
Margin requirements for all shares are fixed at 10%, irrespective of your account's leverage.
Please note that in extreme market conditions the company reserves the right to increase the margin requirements of its products.
There is an overnight (rollover) amount deducted or added to your account for holding a trade position open overnight, commonly referred to as the 'Swap'. Swap also applies to non-FX instruments, due to the fact that all instruments are traded in a particular currency which incurs an interest rate. When the swap rate is negative, the amount is subtracted from the trading position. The amount is credited when the swap rate is positive. In the trading terminal, the swap is automatically converted into the account's deposit currency.
Swap operations are conducted at midnight 00:00 Server time (GMT+2 time zone, please note DST may apply) and can take several minutes. On Fridays Swaps are charged for three days to cover the weekend.
Axon Markets does not charge any trading commission for the Standard account.
A share is a security that represents the ownership of a fraction of a company. A shareholder has now purchased a piece of the company and, depending on the type of shares held, may be entitled to a portion of its assets and income. In other words, a shareholder is now an owner of the issuing corporation. The degree of ownership is determined by the number of shares a person owns in relation to the number of shares outstanding. For example, if a company has 5,000 shares outstanding and a person owns 500 shares, that person would own and be entitled to 10% of the assets and income of the company.
The margin while trading shares is calculated in accordance to the symbols fixed margin requirement, as seen in the above table. This is how it works:
Margin = Lots x Contract Size x Price x Margin percentage
Example: Trade 5 Lots of Apple stock (AAPL), Margin percentage: 1%, AAPL price: $160 >>> 5 x 1 x $160 x 1% = 80 USD
No. For example, in a case where a trader has 5 Lots buy of Apple stock (AAPL) and 5 Lots sell of Apple stock (AAPL), then the margin requirement will be zero
Swaps for all shares are expresed in the instrument's quoted currency of the asset you are trading (charge by points method). Below is an example on how a debit or credit to your account is calculated.
Calculation Indices: Lots * Contract Size * Swap rate (long or short) * point size (0.01)
As points are expressed in the instruments quoted currency (in the below case USD), the result may need to be converted to your account's currency.
Scenario for Shares: Long (Buy) 5 Lots AAPL. Long Swap rate is - 4.156 points. The account's base currency is USD.
5 x 1 x -4.156 x 0.01 = -0.21 USD
If your account has been approved as swap-free, we offer a 10 day grace period, for which swaps are not charged. When that period elapses, swaps will begin to be charged normally.
Yes it will. If the company increases the margin requirements of an asset for any particular reason, this will have an immediate affect to your account's used margin.
In a scenario were the company increases the margin requirements of an asset, the company will do its best to inform its clients in a timely manner so that the clients have enough time to take actions such us deposit funds or close out trades, in order to avoid a possible liquidation.
At Axon Markets all orders, including Indices, are executed via the Market Execution method.
Market Execution is an execution process method by which orders are executed at the best available market price in a matter of milliseconds. Due to the frequent fluctuation of prices, the resulted executed price may still be higher or lower than the requested price resulting in a negative or positive price slippage for the client.
The benefit of this execution method is that it is the fastest one accessible and offers traders complete market access without requotes.
New or experienced at Axon Markets we strongly advice our traders to use a 'stop-loss' while trading. Arguably the most popular tool for reducing risk, adding a stop-loss to your orders are designed to limit loss on a position that’s made an unfavourable move. When you place a stop-loss order, you are requesting to close the position once the instrument reaches a certain price. This is helpful as it means your trades need less monitoring and can help to limit losses, particularly in volatile markets.