｜｜ Home > Trading Summary > Trading Outline FX   Trading Summary Trading Outline FX Trading Outline Securities CFD Trading Outline Commodities CFD Trading Methods SWAP Account Summary Made Simple   Our Corporation has two types of FX trading accounts for clients to choose from according to their investment targets, namely Internet Trading and Telephone Trading(Premier Accounts). Please feel free to contact our Corporation's Customer Support Department if you require any further information regarding these. [ Regarding Trading Time ]   Internet Trading & Telephone Trading A/c Trading Time Monday 8:00 - Saturday 6:00 ( Summer Time ; Monday 8:00 - Saturday 5:00 ) Trading Suspension Time ( System Maintenance ) Every morning 7:00 - 7:05 ( 5 mins ) ( Summer Time ; Every morning 6:00 - 6:05 ( 5 mins )) Trading Hours Trading Time, excluding system maintenance time * Business Time and Summer Time may vary subject to the prevailing business time of different markets. [ Regarding Trading (Internet Trading A/c)]   Internet Trading A/c Necessary Margin Currency pairs related to GBP : 40,000 yen Currency pairs not related to GBP : 30,000 yen Trading Pairs Available 16 Currency Pairs ( USD, JPY, EUR, GBP, AUD, NZD, CHF, CAD ) Spread Currency Trading Pairs Spread USD/JPY US Dollar - Yen 3pips USD/CHF US Dollar - Swiss Franc 5pips USD/CAD US Dollar - Canadian Dollar 5pips EUR/USD Euro - US Dollar 5pips EUR/JPY Euro - Yen 7pips EUR/GBP Euro - British Pound 5pips EUR/CHF Euro - Swiss Franc 7pips GBP/USD British Pound - US Dollar 5pips GBP/JPY British Pound - Yen 7pips GBP/CHF British Pound - Swiss Franc 10pips CHF/JPY Swiss Franc - Yen 7pips CAD/JPY Canadian Dollar - Yen 7pips AUD/USD Australian Dollar - US Dollar 5pips AUD/JPY Australian Dollar - Yen 7pips NZD/USD New Zealand Dollar - US Dollar 5pips NZD/JPY New Zealand Dollar - Yen 7pips Commission One Way JPY 300 for 10K Currency Pairs Expiry Date No Limit ( Rollover ) Trading Status Over the Counter Quotes Bid/Ask quotes Trading A/c Maintenance Fees Free Margin Call (Reminder notice e-mail) When effective margin is lower than 100%, 75% and 50%, City Credit Capital ( Labuan ) Ltd will e-mail reminder notice to the client in question. * If the FX prices fluctuate considerably, the possibility of having open positions auto liquidated exists prior to receiving our e-mail reminder. * The client will be held fully responsible for whatever losses incurred if the client's e-mail address has been changed and he/she fails to inform our Corporation by e-mail or other means, resulting in the inability to receive our e-mail reminder. * In ascertaining the necessity of sending e-mail reminder, the following criteria will come into operation : 'Buy' open order, 'Sell' ask price as the yardstick ; 'Sell' open order, 'Buy' bid price as the yardstick. Auto liquidation 1. If a client's effective margin falls below 20% of the necessary margin in A/c, our Corporation will start liquidating the open positions, on the basis of last come first go sequence, until the effective margin has returned to 20% or above. Auto liquidation commission is the same as the regular charge. 2. On Everyday market close, if effective margin is below 2% of the total market value of all positions in A/c. According to the new law of Cabinet Office in Japan to avoid client’s loss increase, our Corporation will start liquidating the open positions on the basis of last come first go sequence, until the effective margin has returned to 2% or above the total market value of all positions in A/c. Auto liquidation commission is the same as the regular charge. * Market value = Currency price x Contract size (10K) e.g. If market close price of USDJPY is 100, then market value of 1 lot of USDJPY is 100 x 10,000 = 1,000,000 yen * It is possible that the margin after auto liquidation may be less than 20%. * If the FX prices fluctuate considerably, the possibility of having open positions auto liquidated exists prior to receiving our e-mail reminder. * The client will be held fully responsible for whatever losses incurred if the client's e-mail address has been changed and he/she fails to inform our Corporation by e-mail or other means, resulting in the inability to receive our e-mail reminder. * Although our Corporation setup the auto liquidation system, but due to the FX market fluctuation, so it is possible to over loss all margin after auto liquidation. * In ascertaining the necessity of sending e-mail reminder, the following criteria will come into operation : 'Buy' open order, 'Sell' ask price as the yardstick ; 'Sell' open order, 'Buy' bid price as the yardstick. Segregated Trust A/c In order to protect our clients' assets, allowing them to trade with 'peace of mind', all clients' investment assets are segregated and trust managed by Sumitomo Mitsui Banking Corporation ( SMBC ). Trading Counterparty City Credit Capital ( Labuan ) Ltd Sumitomo Mitsui Banking Corporation ( SMBC ) Close Account (Account Cancellation) If clients wish to close ( cancel ) their accounts, kindly follow the procedures listed below : The client should telephone our Customer Support Department stating the hope of having the account closed. Our Corporation will send the required account closing form to the client's registered address by mail. The client fills in all necessary items in the account closing form as required, duly signed and returns to our Customer Support Department. Our Corporation will check in detail the filled-in particulars for verification purpose, after which, if found accurate, the account closing procedures will proceed. * No matter whether orders have been executed after account opening, if the A/c has no margin in for a specified period, say in principle 3 calendar months, our Corporation may exercise discretion to close the account even if no such application has been received. Taxation Please note that profits deriving from Leveraged FX Trading are regarded as Comprehensive Tax (Miscellaneous). [ Regarding Trading (Telephone Trading)]   Telephone Trading A/c Necessary Margin JPY 500K for 100K currency pair Spread Currency Trading Pairs Spread USD/JPY US Dollar - Yen 7pips USD/CHF US Dollar - Swiss Franc 9pips USD/CAD US Dollar - Canadian Dollar 9pips EUR/USD Euro - US Dollar 7pips EUR/JPY Euro - Yen 8pips EUR/GBP Euro - British Pound 9pips EUR/CHF Euro - Swiss Franc 11pips GBP/USD British Pound - US Dollar 10pips GBP/JPY British Pound - Yen 11pips GBP/CHF British Pound - Swiss Franc 11pips CHF/JPY Swiss Franc - Yen 9pips CAD/JPY Canadian Dollar - Yen 11pips AUD/USD Australian Dollar - US Dollar 8pips AUD/JPY Australian Dollar - Yen 9pips NZD/USD New Zealand Dollar - US Dollar 9pips NZD/JPY New Zealand Dollar - Yen 10pips Commission One Way JPY 6,000 for 100K Currency Pairs Auto liquidation 1. If a client's effective margin falls below 20% of the necessary margin in A/c, our Corporation will start liquidating the open positions, on the basis of last come first go sequence, until the effective margin has returned to 20% or above. Auto liquidation commission is the same as the regular charge. 2. On Everyday market close, if effective margin is below 2% of the total market value of all positions in A/c. According to the new law of Cabinet Office in Japan to avoid client’s loss increase, our Corporation will start liquidating the open positions on the basis of last come first go sequence, until the effective margin has returned to 2% or above the total market value of all positions in A/c. Auto liquidation commission is the same as the regular charge. * Market value = Currency price x Contract size (100K) e.g. If market close price of USDJPY is 100, then market value of 1 lot of USDJPY is 100 x 100,000 = 10,000,000 yen * It is possible that the margin after auto liquidation may be less than 20%. * Although our Corporation setup the auto liquidation system, but due to the FX market fluctuation, so it is possible to over loss all margin after auto liquidation. [ Currency Exchange Delivery ] Currency Exchange Delivery, hereinafter called ‘Delivery’, is designed to liquidate open currency position(s) by actual currency exchange delivery. ‘Delivery’ channel is by way of deposit into designated client’s banking A/c. * Currency Available for ‘Delivery’ – USD only * Delivery’ Charge One (1) Currency lot JPY 0.80. Commission will be charged on opening new position. Application Procedure for ‘Delivery’: This service is only available to clients holding open position(s). If a client would like to have his/her position(s) to be actually delivered in USD, please have open position(s) executed either by telephone or i-trading. （1）Please request ‘Delivery’ application form from our Customer Support Department. Upon client’s instruction, we will send to the client in question the said application form together with a return envelope. （2）When a client’s ‘Delivery’ application form is received, we will first check that the contents of the application to make sure that it is in order. At the same time, we will also inform the client the amount required to deposit into his/her respective trading A/c. （Kindly make sure to have slightly more than sufficient money due to possible market fluctuation.） （3）When the correct amount of necessary deposit is received, we will proceed with the ‘Delivery’. （4）Upon completion of the ‘Delivery’ procedure, we will deposit into the client’s designated bank A/c the amount in USD within three working days. （5）To conclude the deal, we will send to the client concerned related statement together with the ‘Delivery’ details for confirmation.