FAQ——Forex

Forex, also known as foreign exchange, FX or currency trading, is a decentralized global market where all currency pairs in the world can be traded. The foreign exchange market is the world's largest and most liquid market, with an average daily transaction volume of more than 5 trillion US dollars.

We are proud to provide an excellent foreign exchange trading experience in the market. At NewEngine, you can not only trade major currency pairs, but also enjoy the tools and support you need to trade in the world's largest market.

 Trading time

NewEngine trading hours vary by product. Trading platform time is Greenwich Mean Time

 Margin requirements

Margin requirements may vary depending on the type of account. Customers can see the detailed requirements of the deposit through the product page

View margin https://www.NewEnginevip.com/market/index/language/en-us/market/Forex

 Spreads and commissions

NewEngine provides clients with an institutional-level trading environment in an innovative way, and each client can trade at a very low transaction cost. The transaction cost of Euro USD in VIP accounts is generally 0.5-0.6 points

 Maximum number of contracts

NewEngine does not set a maximum limit on the maximum transaction volume, but has a maximum limit on each order/single.

 Inventory fee

The inventory fee is the interest paid or earned by holding the position overnight, and each client holding the position will pay or earn interest at the end of the trading day. The collection time for all types of inventory fees is 00:00 GMT+0 (Greenwich Mean Time)

Most liquidity providers around the world suspend business on Saturdays and Sundays, so these two days do not calculate the overnight interest on foreign exchange positions, but most liquidity providers still calculate the interest for these two days. For this reason, the foreign exchange market calculates three-day interest on positions that stay overnight on Wednesday, so if you hold an overnight position on Wednesday, the interest is generally three times that of holding an overnight position on Tuesday.

View inventory fees https://www.NewEnginevip.com/market/index/language/en-us/market/Forex

0.048116s