An exchange rate, applied to a customer willing to purchase a quote currency is called BID. It is the highest price that a currency pair will be bought. And a price of quote currency selling is called ASK. It's the lowest price that a currency pair will be offered for sale. BID is always lower than ASK. The difference between ASK and BID is called spread. It represents brokerage service costs and replaces transactions fees.
Slippage refers to the difference between the expected price of a trade and the price at which the trade is actually executed.
First of all, slippage cannot be avoided and the range of the slippage cannot be foreseen. In the real market, we cannot forecast the market movement and thus cannot provide slippage range.
The chances of slippage may be reduced by following methods: using limit orders to lower the possibility of slippage; Avoid trading with heavy positions, and always remains enough free margin in account in case of extreme market movement; GeminiCap urges our client to read the risk disclosure beyond before trading.
There are many potential reasons for this kind of event. Generally, a gap will occur, when the day open price is significantly different with previous close; or when the market
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In the interbank market, banks provide their own pricing on each product at the same time. The broker will aggregate the price feed and choose the best bid and ask price from the market and provide it to clients, so that the clients' interest will be optimized.
In GeminiCap, locked positions will not require any margin.
This is because a swap involves pushing back the value date on the underlying futures contract and on Wednesday this date changes from Friday to Monday. Swap is therefore charged for the extra 2 weekend days.
GeminiCap may tailor the leverage policy based on account's net open position.
You can keep your positions open for an indefinite period of time, as long as there is enough margin in your account.
The CFD product prices in GeminiCap are calculated based on underlying products and after the adjustment of interest rate and dividend.