Announcement

Date:2020/05/12

Rollover Notification For May 2020

Dear Client, We would like to provide you with the following information regarding the rollover dates in May. Please note that markets may initially experience periods of reduced liquidity after rollover which may impact trade executions. It is your responsibility to continuously monitor any open positions you may have. Please note the schedule below: All […]

Dear Client,

We would like to provide you with the following information regarding the rollover dates in May.

Please note that markets may initially experience periods of reduced liquidity after rollover which may impact trade executions. It is your responsibility to continuously monitor any open positions you may have. Please note the schedule below:

All times below are GMT+3 (Platform time). Dates and times may be subject to change.

Product Symbol Date
Crude Oil Future CFD CL-OIL Friday 8 May 2020
Volatility Index VIX Tuesday 19 May 2020
CHINA50 CHINA50 Tuesday 26 May 2020

Please note:

· The rollover will be automatic. Any existing open positions will remain open.

· The price difference between the expiring and new contracts will be reflected by deducting or crediting to the open positions on the expiration date.

· To avoid rollovers, clients may choose to close any open futures positions prior to the expiration date.

· Clients should ensure that take profits and stop losses are adjusted by the rollover date

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Date:2020/05/07

【IMPORTANT NOTIFICATION】New Arrangements For GeminiCap Clients After Acquisition

Dear GeminiCap clients, In order to provide a better trading experience for our clients, INFINOX has completed fully acquisition of GeminiCap in early 2020. The following is our current arrangements for GeminiCap clients: I、Introducing Brokers (IBs)Rebate for GeminiCap Introducing Brokers (IBs) has been halted, but existing commission (rebate) is still allowed to be withdrawn. From […]

Dear GeminiCap clients,

In order to provide a better trading experience for our clients, INFINOX has completed fully acquisition of GeminiCap in early 2020. The following is our current arrangements for GeminiCap clients:

I、Introducing Brokers (IBs)
Rebate for GeminiCap Introducing Brokers (IBs) has been halted, but existing commission (rebate) is still allowed to be withdrawn. From 00:00 June 30th , 2020, Beijing time, IBs’accounts and access to My Account (client area) will be terminated and GeminiCap will stop accepting rebate withdrawal applications from Introducing Brokers .We highly recommend you to submit withdrawal request by the time mentioned above in case of any inconvenience.

II、Retail Clients
Your trading account(s), access to My Account (client area),deposit and withdrawal services will be terminated and stopped from 00:00 May 31st, 2020, Beijing time. NOTE: Our trading service will be terminated from 00:00 June 1st, 2020, server time (GMT+3). If you still have any open positions, please close them by this time. Any positions remain open will be forced to close by the system.In order to give you the best trading experience, you may contact INFINOX support team to transfer funds from your GeminiCap account to INFINOX. For more details about the migration process, please contact through https://cn.infinox.bs/.

III、Customer Service
1、Our online chat service has been suspended since 00:00 February 28th , 2020, Beijing time.
2、Our customer service and trading inquiry service has been stopped since 23:59 April 30th, 2020, Beijing time except for our support mailbox [email protected]

Please be advised of the notices above. If you have any inquiries, please email to [email protected] We are happy to help as always. Wish you a happy trading!

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Date:2020/05/05

Rollover Notification For May 2020

Dear Client, We would like to provide you with the following information regarding the rollover dates in May. Please note that markets may initially experience periods of reduced liquidity after rollover which may impact trade executions. It is your responsibility to continuously monitor any open positions you may have. Please note the schedule below: All […]

Dear Client,

We would like to provide you with the following information regarding the rollover dates in May.

Please note that markets may initially experience periods of reduced liquidity after rollover which may impact trade executions. It is your responsibility to continuously monitor any open positions you may have. Please note the schedule below:

All times below are GMT+3 (Platform time). Dates and times may be subject to change.

Product Symbol Date
Crude Oil Future CFD CL-OIL Friday 8 May 2020

As always, we are ready to offer our best support and respond to any of your queries. If you have any questions or require any assistance, please do not hesitate to contact us.

Kind regards,

Support Team

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Date:2020/04/21

GMN-End of notification service

Dear GeminiCap clients, As the acquisition of Gemini Capital Market has been completed by INFINOX since the end of 2019, we, GeminiCap decided to terminate our chat service and stop accepting account opening applications from March, 2020. Here From April 27th, 2020, GeminiCap will NOT send any notifications except that rollover notifications will be continuously […]

Dear GeminiCap clients,

As the acquisition of Gemini Capital Market has been completed by INFINOX since the end of 2019, we, GeminiCap decided to terminate our chat service and stop accepting account opening applications from March, 2020.

Here From April 27th, 2020, GeminiCap will NOT send any notifications except that rollover notifications will be continuously updated on the Important Notice page on our website
(https://www.geminicap.net/notice-announcement) . When you trade future products, including CL-OIL (Crude Oil Future CFD), USDX (US Dollar Index Future CFD), VIX (Volatility Index), CHINA50 (China A50 Index Future CFD), please make sure that you are aware of the rollover date in the month and follow the updates.

We will be happy to help if you are interested in opening a new account in INFINOX, please send a request to [email protected] with following 3 information in it:
1. Your full name
2. Contact method available for you
3. Note: “I would like to and agree to open an account in INFINOX.”

Our sales manager will contact you as soon as possible to assist when we receive your request.

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Date:2020/04/21

USOUSD – Swap Fee Notification

Dear Valued Client, Due to the current uncertainty about future demand resulting from COVID-19 as well as supply due to potential future intervention by OPEC+ (and potential resolution of their current conflict) we are seeing back month contracts trade at much higher spreads than normal in the market.  As a result, the overnight swap fees […]

Dear Valued Client,

Due to the current uncertainty about future demand resulting from COVID-19 as well as supply due to potential future intervention by OPEC+ (and potential resolution of their current conflict) we are seeing back month contracts trade at much higher spreads than normal in the market. 

As a result, the overnight swap fees in cash products have become much higher particularly as they approached the rollover date of the front month expiring contract.

What is a cash product?
A cash product is an over-the-counter derivative product of the futures contract. USOUSD is such an example, which is a derivative of Oil futures product. Unlike Futures products, the Cash products trade continuously with no expiration date.

What is a swap fee and how is it calculated for the cash products?
When clients hold a cash product past end of the trading day, similar to currencies and metals, the product attracts swap fees. This is shown under the ‘Swap’ column on your trading account statement. The swap fee can be calculated as below:
Swap rate x Volume x Contract Size x Point x Number of Nights

What does the swap fee consist of?
The swap fees for the cash products consist of the following two important components:
● Overnight financing charges covering the borrowed money required to open your position, outside the initial margin you’ve paid, and
● A fair value price adjustment, an adjustment made to the product’s pricing based on the fair market value of the underlying security.

Why do the CL-OIL (futures contract) and USOUSD (Cash product) have such a large price difference currently?
Due to the uncertainty about future demand for oil because of the slowdown of growth across the world resulting from COVID-19, we are seeing CL OIL future contracts trade at higher prices than the USOUSD cash price than ever before.

As a result, the overnight swap fees in cash products have become much higher as compared to past weeks.

What are the main factors for the significant difference in prices across the two products?
The main factors contributing to the vast differences are as below:
● Between May and June WTI oil futures contracts, there is currently a price difference of approximately $6.30. When CL-OIL futures rolled over from May to June contracts on 17th of April, the price gapped up by the same magnitude.
● USOUSD or the cash WTI oil product is priced differently. In order to minimize price disruption and remove the impact of large price differences between the contract months, the USOUSD’s price ‘spreads out’ the price difference over the course of the next 28 days, until the next futures contract expiration.

Why is the current swap charge on USOUSD so high?

This is largely due to the fair value product adjustment applied to curb the large price gap in futures contracts.

As the price gap between May and June contracts is approximately $6.30. That translates to $6300 per standard lot (1000 barrels). USOUSD is now pricing off the June futures contract.

The price of USOUSD and CL-OIL will converge when it approaches June contract expiration on 15/05/2020. To achieve this, we expect USOUSD’s price to increase by approximately 23 cent or US $23 per contract (100 barrels) per day, in addition to any market related price movements.

This 23 cent or USD$23 is incorporated in USOUSD’s swap charges. Together with overnight financing charges, we expect USOUSD’s swap fees to be substantially higher than historical standards for an extended period of time.

We strongly recommend that you monitor positions carefully and maintain a sufficient account surplus throughout the lifetime of your positions in the account. If you do not wish for your position(s) to incur higher swap rates, you should consider to close your position prior to the daily rollover to avoid any unprecedented charge in the account.

Please consider the implications carefully and trade cautiously during this volatile period.

Kind regards,

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Date:2020/04/17

CL-OIL notification

Dear Valued Client, Please be advised that CL-OIL futures has been rolled to the new contract on Friday 17th April 2020. What is futures contract rollover and rollover adjustment? We automatically rollover a futures contract at expiration. All open positions and orders are automatically rolled to the next futures contract. In order to nullify the […]

Dear Valued Client,

Please be advised that CL-OIL futures has been rolled to the new contract on Friday 17th April 2020.

What is futures contract rollover and rollover adjustment?

We automatically rollover a futures contract at expiration. All open positions and orders are automatically rolled to the next futures contract. In order to nullify the impact on the valuation of the open position, given the change in the underlying instrument’s value for the new contract period, a debit or credit adjustment is made to the account.

If you do not wish for your position(s) to be rolled over, you may choose to close your position prior to the rollover date.

Will I suffer any loss as a result of futures rollover?

The price discrepancy between the two contracts does not affect the value of your open position as the changes in values of the open positions, are offset by a debit or credit adjustment made to the account. It appears on your statement as ‘Cash Adjustment-Future Roll’.

Note: your position will be closed if the price of the new contract reaches the stop loss or the take profit you set up for the order.

Example:
One standard contract size for CL-OIL is 1,000 barrels.

The CL-OIL rollover adjustments are -$6376 USD per lot for long position and +$6284 USD per lot for short position (in April 2020).

If you hold one lot of long CL-OIL, you will be charged -$6376. The ‘Cash Adjustment- Rollover’ is (debit) -$6376

If you hold one lot of short CL-OIL, you will be credited $6284. The ‘Cash Adjustment- Rollover’ is (credit) +$6284

If you hold one lot of long CL-OIL and one lot of short CL-OIL, you are fully hedged. You will be charged -$6376*1+$6284*1= -$92. The ‘Cash Adjustment- Rollover’ is (debit) -92

We recommend that you monitor positions carefully and maintain a sufficient account surplus throughout this period.

Please evaluate and trade cautiously during this volatile period.

If you have any queries, feel free to contact us on the details below.

Kind regards,

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Date:2020/04/09

Rollover Notification For April 2020

We would like to provide you with the following information regarding the rollover dates in April. Please note that markets may initially experience periods of reduced liquidity after rollover which may impact trade executions. It is your responsibility to continuously monitor any open positions you may have. Please note the schedule below: All times below […]

We would like to provide you with the following information regarding the rollover dates in April.

Please note that markets may initially experience periods of reduced liquidity after rollover which may impact trade executions. It is your responsibility to continuously monitor any open positions you may have. Please note the schedule below:

All times below are GMT+3 (Platform time). Dates and times may be subject to change.

Product Symbol Date
Volatility Index VIX Tuesday 14 April 2020
Crude Oil Future CFD CL-OIL Friday 17 April 2020
CHINA50 CHINA50 Tuesday 28 April 2020

Please note:

· The rollover will be automatic, and any existing open positions will remain open.
· Positions that are open on the expiration date will be adjusted via a rollover charge or credit to reflect the price difference between the expiring and new contracts.
· To avoid CFD rollovers, clients can choose to close any open CFD positions prior to the expiration date.
· Clients should ensure that take profits and stop losses are adjusted before this rollover occurs.

As always, we are ready to offer our best support and respond to any of your queries. If you have any questions or require any assistance, please do not hesitate to contact us.

Kind regards,

Support Team

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Date:2020/04/08

Notification of AU Daylight Savings and Holidays of April 2020

Dear Client, We would like to provide you with the following information regarding the changes to the trading platform time schedule, due to AU daylight saving (from 5th April 2020 to 3rd October 2020) and the holidays in April. Please note that markets may initially experience periods of reduced liquidity after holiday periods which may […]

Dear Client,

We would like to provide you with the following information regarding the changes to the trading platform time schedule, due to AU daylight saving (from 5th April 2020 to 3rd October 2020) and the holidays in April.

Please note that markets may initially experience periods of reduced liquidity after holiday periods which may impact trade executions. It is your responsibility to continuously monitor any open positions you may have. Please note the schedule below:

All times below are GMT+3 (Platform time).
Dates and times may be subject to change. For most accurate information, please refer to trading hours on our trading platform

05/04/2020–
03/10/2020
AU Daylight Saving
9th April
Day Before Good Friday
10th April
Good Friday
13th April
Easter Monday
30th April
Birthday of Buddha
XAUUSD Normal Hours Normal Hours Closed Normal Hours Normal Hours
XAGUSD Normal Hours Normal Hours Closed Normal Hours Normal Hours
US30 Normal Hours Normal Hours Closed Normal Hours Normal Hours
SPX500 Normal Hours Normal Hours Closed Normal Hours Normal Hours
NAS100 Normal Hours Normal Hours Closed Normal Hours Normal Hours
JPN225 Normal Hours Normal Hours Closed Normal Hours Normal Hours
UK100 Normal Hours Normal Hours Closed Closed Normal Hours
GER30 Normal Hours Normal Hours Closed Closed Normal Hours
FRA40 Normal Hours Normal Hours Closed Closed Normal Hours
HKG33 Normal Hours Normal Hours Closed Closed Closed
AUS200 02:50-09:30,
10:10-24:00
17:00 Closed Closed Closed Normal Hours
CL-OIL Normal Hours Normal Hours Closed Normal Hours Normal Hours
USOUSD Normal Hours Normal Hours Closed Normal Hours Normal Hours
UKOUSD Normal Hours Normal Hours Closed Normal Hours Normal Hours
COPPER Normal Hours Normal Hours Closed Normal Hours Normal Hours
GAS Normal Hours Normal Hours Closed Normal Hours Normal Hours
VIX Normal Hours Normal Hours Closed Normal Hours Normal Hours
USDX Normal Hours Normal Hours Closed Normal Hours Normal Hours
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Date:2020/03/31

Notification of Service Adjustment during Ching Ming Festival

Dear Client, For the upcoming Ching Ming Festival (also known as Tomb-Sweeping Day, from Saturday, April 4th, 2020 to Monday, April 6th, 2020), here is our office hour change during the holiday: 1.Due to all the inter-bank clearing operations were stopped during the holiday, we will start reviewing withdrawal applications and issuing from April 7th, […]

Dear Client,

For the upcoming Ching Ming Festival (also known as Tomb-Sweeping Day, from Saturday, April 4th, 2020 to Monday, April 6th, 2020), here is our office hour change during the holiday:

1.Due to all the inter-bank clearing operations were stopped during the holiday, we will start reviewing withdrawal applications and issuing from April 7th, after the holiday. Dates of funds issuing and arriving time is up to actual operations. We would like to remind you to withdraw based on your needs. During this holiday, deposit service will continue, one thing you shall pay attention to is the banking day. In order to avoid transferring system delay, please monitor your positions, account status, and your account balance carefully in case of liquidation caused by severe market fluctuations.
(Please note: if you submit withdrawal application by 15:00 Beijing time, Friday, April 3rd, with correct bank information, your application will be reviewed and issued that afternoon.)

2. If you encounter any issues during the holiday, please send an email to our cs email address from your email address on file. We will respond after the holiday.

Services During the Holiday
Date Trade Deposit Inquiry Withdrawal
April 3rd
(Friday)
April 4th
(Saturday)
x x x
April 5th
(Sunday)
x x x
April 6th
(Monday)
x
April 7th
(Tuesday)
All the operations will resume to normal process.

We wish you safe, healthy, and everything goes well!

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Date:2020/03/26

UK Daylight Saving Time Switch Notice

Dear Client, We would like to provide you with the following information regarding the changes in the trading platform time schedule, due to UK daylight saving time switch from Sunday 29th March 2020 to Saturday 4th April, 2020. All times below are GMT+3 (Platform time). Dates and times may be subject to change. UK Daylight […]

Dear Client,

We would like to provide you with the following information regarding the changes in the trading platform time schedule, due to UK daylight saving time switch from Sunday 29th March 2020 to Saturday 4th April, 2020.

All times below are GMT+3 (Platform time). Dates and times may be subject to change.

UK Daylight Saving Time
Product Symbol Trading Time
UK 100 Rolling UK100 04:00-23:00
Der Dax GER30 03:15-23:00
Cotation Assistée en Continu 40 FRA40 09:00-23:00

As always, we are ready to offer our best support and respond to any of your queries. If you have any questions or require any assistance, please do not hesitate to contact us.

Kind Regards,

Support Team

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Risk Warning

All investments entail risks and may result in both profits and losses. In particular, trading leveraged derivative products such as Foreign Exchange (Forex) and Contracts for Difference (CFDs) carries a high level of risk to your capital. All these derivative products, many of which are leveraged, may not be appropriate for all investors. The effect of leverage is that both gains and losses are magnified. The prices of leveraged derivative products may change to your disadvantage very quickly, it is possible for you to lose more than your invested capital and you may be required to make further payments. It is important that you understand that with investments, your capital is at risk. Past performance is not a guide to future performance. It is your responsibility to ensure that you make an informed decision about whether or not to invest with us. Before deciding to invest in any financial product, you should carefully consider your investment objectives, trading knowledge and experience and affordability. You should seek independent professional financial advice for you do not understand the risks involved. You should only trade in Forex and CFDs if you have sufficient knowledge and experience of the risks involved in trading such products and if you are dealing with money that you can afford to lose. Gemini Capital Markets assumes no liability for any loss sustained from trading in accordance with a recommendation. This website, including the information and materials contained in it, are not directed at, or intended for distribution to or use by, any person or entity who is a citizen or resident of or located in the United States, Belgium or any other jurisdiction where such distribution, publication, availability or use would be contrary to applicable law or regulation.

The Top and Bottom Performers data is provided by third party provider and TC technical analysis tool is provided by TRADING CENTRAL. The information in this website is of a general nature only and may contain advice that is not based on your personal objectives, financial situation or needs. GeminiCap is not responsible for the accuracy, adequacy or completeness of any information, analysis commentary, opinions and in the research report. And does not provide any form (whether express or implied) of warranty. Also, GeminiCap is not responsible for direct or indirect losses caused by any interruption, delay, omissions, and any consequences caused by the action relying on or referring to the content of the information.

Gemini Capital Markets ('GeminiCap') is a registered trading name of IX Capital Group Limited which is authorized and regulated by the Securities Commission of The Bahamas ('SCB') under Registration Number SIA-F188. We are permitted by the SCB to deal, arrange and manage securities. GeminiCap is governed and operates in accordance with the laws and regulations of The Bahamas. Our registered office is located at No. 109 Church Street, Sandyport, PO Box SP-62756, Marina Village, Nassau, The Bahamas.

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