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Trade360 offers the best trading conditions in online trading. Fixed spreads, dozens of trading assets, superb leverage — at Trade360, you’ll receive all this and much more. In this section, you’ll find a simple explanation of our trading conditions, all of which you’ll need to know about before you become a CrowdTrader.
Trade360 gives its Traders the advantage of trading with fixed spreads – the small commissions that brokers take on every new position.
Spreads are calculated by subtracting the difference between the bid price and the ask price.
The bid is set by the market, and is the price buyers are willing to pay in order to buy the base currency (i.e. EUR) in exchange for its counter currency (i.e. USD).
The ask price is set by the broker, and is the price the broker is willing to sell the base currency in exchange for its counter currency.
Trade360 charges an industry-standard rollover fee (overnight swap) on trades that are left open past 00:00 GMT.
How Rollover Works:
Rollover is an interest rate that Traders pay or receive on positions that are “rolled” from one trading day to the next. Each currency pair has its own interest rate, which the Trader, should he leave his position open overnight, will either pay or receive.
An Example of Rollover:
Imagine that you are trading the EUR/NZD. The interest rate on the Euro is 0.05%; the interest rate on the New Zealand Dollar is 3.50%. Note that the Euro is the main currency and that its interest rate is lower than that on the New Zealand Dollar. So, if the Trader buys the Euro, he will be charged the rollover; and if he sells the Euro, he will receive the rollover fee.
Sunday Night to Monday: Regular Rollover
Monday Night to Tuesday: Regular Rollover
Tuesday Night to Wednesday: Regular Rollover
Wednesday Night to Thursday: Rollover fee is charged three times (for Wednesday, Friday, Saturday)
Thursday Night to Friday: Regular Rollover
Friday Night: No Overnight Fee
Saturday Night: No Overnight Fee
In Online Trading, slippage is the difference between the expected price of a trade and the price at which it is actually executed. It is most common for slippage to occur during periods of market volatility. In the event that slippage does occur, it will normally do so between trading sessions or when the market opens.
At Trade360, slippage is very rare. In fact, slippage in currency trading only happens when there is abnormal and extreme market volatility, making the set order price impossible to execute.
Slippage in stock trading is also rare, occurring only when there is a change in the asset’s spread.
Trading hours may change in circumstances where there is lack of liquidity, during holidays or off-trading hours.