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Trading Hours
Reymount's trading desk is open 24 hours daily:
Winter Timing: from 22:00
GMT Sunday through 21:15 GMT on Friday.
Summer Timing: From 21:00 GMT Sunday through 20.15 GMT on Friday.
Trading instruments
Reymount offers 24-hour trading in the following financial
instruments: EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUS/USD, EUR/JPY,
EUR/GBP, EUR/CHF.
Dealing Spread
Reymount is committed to offering competitive dealing spreads
that accurately reflect the market, so spreads may vary depending on available
liquidity.
Transaction sizes
On the Reymount dealing platform, all trades are sized in units
of 100,000 of the base currency, called 'lots'. The maximum deal size available
online depends on the margin availability.
Trading Minimums
Reymount's minimum transaction size is 1 lot, or 100,000 of the
base currency, with a minimum margin deposit of 2%. For example, a US$100,000
position would require an initial margin deposit of US$2,000.
Fees
Reymount charges minimal trading commissions, regardless of
account balance or trading activity.
Price Quotes
Reymount clients have the ability to execute trades directly
from real time streaming bid/ask quotes. Live prices are continuously published
to clients via Reymount's Java-enabled dealing software, and traders can at any
time click on the current bid or offer and instantaneously execute a trade.
Prices are updated automatically as market conditions dictate. Reymount
publishes the same dealing price to the entire client base and allows any
client to deal on the available price.
Trading over the Internet.
Executing a deal with Reymount via the internet is a simple
two-step process. Simply enter the number of lots and than click on the bid
(buy) or offer (sell) for the commodity you wish to trade - your deal is
automatically executed. The dealing software automatically calculates the
initial margin requirement based upon the notional amount of the deal, and if
sufficient funds are available in your account, will accept the transaction.
Deals are confirmed online, normally within a second, and the system
instantaneously updates both your open position and calculates your current
profit and loss.
Order Types Reymount's dealing platform provides sophisticated order
entry and tracking. Order may be entered at any rate - inside or outside the
existing spread - using the following orders types:
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Limit Orders
An order with restrictions on the maximum price to be paid or
the minimum price to be received.
If a trader is long
USD/CHF is 1.4627, a limit order would be entered to sell
CHF below that price, for example, at 1.4600. This sell Limit to book a profit will hava
to be palced at a price lesser than the market price.
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Stop Loss orders
Order type whereby an open position is automatically liquidated
at a specific price. Often used to minimize exposure to losses if the market
moves against an investor's position.
If the trader above is long
CHF at 1.4627, a stop loss order could be left at 1.4700.
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As a rule, sell stops are filled on our
bid, and buy stops are filled on our offer. This allows
Reymount to fill client stop orders at the rate they
requested in almost every case. In the rare instance that
the market gaps over a requested rate, the stop is filled at
the best available price. This is an important point for
traders who are accustomed to being filled on sell stops
when the offer reaches the requested order rate. For
example, if a stop order is placed to sell USD/CHF at
1.4549, the trader will be filled when the bid reaches
1.4549 (i.e. the bid/offer is 1.4549/54).
All of the above orders may be entered as Day Orders, entered
today and good until end of NY business day (1700 ET).
**Orders remain open until they are triggered or cancelled. If you close out a
position manually, you must cancel any order (s) relating to that position.
Margin
Reymount's initial margin requirement is 1%. This margin
requirement is subject to change without prior notice depending on the market
condition. The system performs an automatic pre-deal check for margin
availability, and will only execute the deal if the client has sufficient
margin funds in his or her account. Additional margin is required when a
client's initial margin drops in the value by 50 %
Based on the value of any open positions. Reymount reserves the
right to liquidate any open positions should a client's initial margin drop by
75%. This is an important risk management strategy for both Reymount and our
client ; it ensures that clients do not lose more than their account balance.
Rollovers
A rollover is the simultaneous closing of an opening position
for today's value date, ( normally at the end of the trading day ) and the
opening of the same positions for the next day's value date at a price
reflecting the interest rate differential between the two currencies. Clients
either earn or pay away points on rollovers, depending on the direction of
their positions and the interest rate differential between the two currencies
involved.
Reymount automatically rolls forward all open positions to the
next day's value date following the close of NY trading at 1700 ET.
Storage
Clients either earn or pay on overnight rollovers, depending on
the direction of their positions. Open trades are rolled forward in the base
currency of the position.
Confirmations
Deals are confirmed on screen, typically within approximately
one second. Full transaction details may be accessed on screen as well,
including date, time, rate, notional amount bought and sold, USD value, and
refernce number.
Reporting
Reymount's dealing software tracks all trading activity in real
time, allowing clients to view current open positions, real-time profit and
loss, margin availability, account balances, and all historical transaction
details directly on-screen.
Account Statements
Account statements can be accessed anytime from our Reymount NetTrader and customized reports can be generated immediately on account balances, realized profit/loss, trade details and other valuable reports.
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