iDay Trade

Costs

Market value, costs and limits

The amount of profits and losses for an open order is governed
by changes in market values.
Thus, depending on the type of
smarket in which we are trading, 1-point changes in value will
change the account balance for each order of:

Market

0,10

=

$0,10


Market

1

=

$1


Market

10

=

$10


Market

100

=

$100

Opening an order requires a minimumbalance and
amount to:

Market

0,10

=

$5


Market

1

=

$50


Market

10

=

$500


Market

100

=

$5000

The costs charged for trading are dependent on the number
of orders traded and the market where they are issued.

Costs are accumulated from the moment the order is opened and,
depending on the market, amount to the following for each order:

Market

0,10

=

$0,04


Market

1

=

$0,40


Market

10

=

$3,00


Market

100

=

$20,0

Closing an order is free of charge, meaning that the totals
above encompass all costs (round turn).

The account of each user shall be collateralised against
its status falling below zero.


A minimum balance is required for each open order, below
which the open order will be closed by an automatic
stop issued by the system.
In order to avoid forced closures of orders, the account
balance for each open order must be over:

Market

0,10

=

$0,5


Market

1

=

$5


Market

10

=

$50


Market

100

=

$500

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