To make trading an even easier experience uBanker offers the best trading conditions and assets to their clients. Below you can read about all the tradable instruments and the hours of operation of the Forex market.
Market Hours
You can trade currencies, silver, gold and crude oil 24/7 with uBanker.
The Forex market is open as follows:
For currencies: Sunday 22:00:01 through Friday 21:00:00 GMT
For CFD commodities (GOLD, SILVER and Crude Oil): from Sunday 22:00:01 through Friday 21:00:01 GMT
Tradable instruments at uBanker:
| TYPE | INSTRUMENT | SPREADS IN VALUE |
|---|---|---|
| FX | AUD/JPY | 0.06 |
| FX | AUD/NZD | 0.002 |
| FX | AUD/USD | 0.0003 |
| FX | CAD/CHF | 0.001 |
| FX | CAD/JPY | 0.06 |
Financing Fee:
uBanker’s financing fee is calculated from the positions you leave open overnight. It is debited at 00:00 GMT, according to:
In FX the financing fee is calculated as 0.015% of the overnight exposure.
On CFDs the financing fee is calculated as 0.015% of the overnight contract value in US Dollars.
| LEVERAGE* | |
|---|---|
| FOREIGN EXCHANGE CURRENCY TRADING (FOREX) | 1:200 |
| GOLD, SILVER, OIL | 1:200 |
| COFFEE | 1:20 |
| REST OF COMMODITIES | 1:100 |
| CFD ON INDICES | 1:100 |
| CFD ON SHARES | 1:10 |
*Polish jurisdiction max leverage 1:100
(Effective the 16/7/2015)
Administrative Fee:
Inactive Trading Account (i.e. absence of trading activity for a period of six months or more ) is charged 33.33 USD per month, quarterly.
Non-USD denominated CFD’s:
The profit/loss for Stock and Index CFD’s that are quoted in their underlining market currency will be converted to USD.
Minimum distance stop and trailing stop orders:
Stop and trailing stop orders must be placed at a 15 pips minimum distance to market prices.
