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  • Contract Expirations

    Every CFD that is based on Future contract has an expiration date.

    Our traders are able to close their CFD positions until that date, but any position still open at that time will be closed by FXORO at the last available price and any existing pending orders placed on that instrument is automatically removed. 

     

       Symbol       Description   Start trading date 

     Closing open 

        positions only   

    Forced closing of all

    positions (expiration date)

    INDICES
     AEX25 March 12/12/2016 16/03/2017 17/03/2017
     June 15/03/2017 28/06/2017 30/06/2017
    September  26/06/2017 27/09/2017 29/09/2017
    December  25/09/2017 27/12/2017 29/12/2017
    AUS200 March 12/12/2016 29/03/2017 31/03/2017
    June 27/03/2017 28/06/2017 30/06/2017
    September  26/06/2017 27/09/2017 29/09/2017
    December  25/09/2017 27/12/2017 29/12/2017
    GER30 March 12/12/2016
    15/03/2017 17/03/2017
    June 13/03/2017 16/06/2017 19/06/2017
    September  15/06/2017 13/09/2017 15/09/2017
    December  11/09/2017 14/12/2017 15/12/2017
    FRA40 March 12/12/2016 15/03/2017 17/03/2017
    June 13/03/2017 14/06/2017 16/06/2017
    September  12/06/2017 13/09/2017 15/09/2017
    December  11/09/2017 14/12/2017 15/12/2017
    US30 March 12/12/2016 15/03/2017 17/03/2017
    June 13/03/2017 14/06/2017 16/06/2017
    September  12/06/2017 13/09/2017 15/09/2017
    December  11/09/2017 14/12/2017 15/12/2017
    EUR50 March 12/12/2016 15/03/2017 17/03/2017
    June 13/03/2017 14/06/2017 16/06/2017
    September  12/06/2017 13/09/2017 15/09/2017
    December  11/09/2017 14/12/2017 15/12/2017
    UK100 March 12/12/2016 15/03/2017 17/03/2017
    June 13/03/2017 14/06/2017 16/06/2017
    September  12/06/2017 13/09/2017 15/09/2017
    December  11/09/2017 14/12/2017 15/12/2017
    IT40 March 12/12/2016 15/03/2017 17/03/2017
    June 13/03/2017 14/06/2017 16/06/2017
    September  12/06/2017 13/09/2017 15/09/2017
    December  11/09/2017 14/12/2017 15/12/2017
    HK50 January 26/12/2016 24/01/2017 26/01/2017
    February 23/01/2017 24/02/2017 27/02/2017
    March 24/02/2017 28/03/2017 30/03/2017
    April 27/03/2017 25/04/2017 27/04/2017
    May 24/04/2017 26/05/2017 29/05/2017
    June 25/05/2017 27/06/2017 29/06/2017
    July 26/06/2017 25/07/2017 28/07/2017
    August 24/07/2017 29/08/2017 30/08/2017
    September 28/08/2017 26/09/2017 28/09/2017
    October 25/09/2017 27/10/2017 30/10/2017
    November 26/10/2017 28/11/2017 29/11/2017
    December 27/11/2017 26/12/2017 28/12/2017

     

     

     

    SPA35

     

    January 15/12/2016 18/01/2017 20/01/2017
    February 16/01/2017 15/02/2017 17/02/2017
    March 13/02/2017 15/03/2017 17/03/2017
    April 13/03/2017 12/04/2017 14/04/2017
    May 10/04/2017 17/05/2017 19/05/2017
    June 15/05/2017 14/06/2017 16/06/2017
    July 12/06/2017 12/07/2017 14/07/2017
    August 10/07/2017 16/08/2017 18/08/2017
    September 14/08/2017 13/09/2017 15/09/2017
    October 11/09/2017 18/10/2017 20/10/2017
    November 16/10/2017 15/11/2017 17/11/2017
    December 13/11/2017 13/12/2017 15/12/2017
    NAS100 March  12/12/2016 15/03/2017 18/03/2017 
    June 13/03/2017  14/06/2017  17/06/2017
    September  12/06/2017  13/09/2017 16/09/2017 
     December 11/09/2017  14/12/2017  16/12/2017 
    JPN225  March 05/12/2016 07/03/2017  09/03/2017
    June 06/03/2017 07/06/2017  08/06/2017
     September 05/06/2017  06/09/2017 07/09/2017 
     December 04/09/2017  06/12/2017  07/12/2017 
    US2000 March  12/12/2016 15/03/2017 17/03/2017 
    June  13/03/2017  14/06/2017  16/06/2017 
     September  12/06/2017  13/09/2017  15/09/2017 
     December 11/09/2017   14/12/2017  15/12/2017 
    US500 March  12/12/2016 15/03/2017   17/03/2017 
     June 13/03/2017 14/06/2017   16/06/2017 
    September  12/06/2017  13/09/2017   15/09/2017 
    December  11/09/2017   14/12/2017   15/12/2017 
    SWI  March  12/12/2016  15/03/2017 17/03/2017  
     June  13/03/2017  16/06/2017  19/06/2017 
     September  15/06/2017   13/09/2017  15/09/2017 
     December  11/09/2017    14/12/2017  15/12/2017 
    USDX  March  19/12/2016  10/03/2017 13/03/2017 
     June  08/03/2017 16/06/2017  19/06/2017 
     September 14/06/2017   15/09/2017   18/09/2017 
     December 13/09/2017   15/12/2017   18/12/2017  
    COMMODITIES     
    BRENT January 27/10/2016  28/11/2016 30/11/2016
    February 28/11/2016 26/12/2016 29/12/2016
    March  26/12/2016  30/01/2017 31/01/2017 
     April 30/01/2017  27/02/2017 28/02/2017
    May  27/02/2017  29/03/2017 31/03/2017
    June  29/03/2017  26/04/2017 28/04/2017
    July  26/04/2017 29/05/2017  31/05/2017
    August   29/05/2017 28/06/2017 30/06/2017 
    September 28/06/2017  28/07/2017 31/07/2017
    October  28/07/2017  29/08/2017 31/08/2017
    November  29/08/2017  27/09/2017 29/09/2017
    December  27/09/2017  30/10/2016 31/10/2017
      OIL   January  17/11/2016  16/12/2016 20/12/2016
    February   16/12/2016 18/01/2017 20/01/2017
    March  18/01/2017  17/02/2017 21/02/2017
    April  17/02/2017 17/03/2017 21/03/2017
    May 17/03/2017 18/04/2017 20/04/2017
    June 18/04/2017 18/05/2017 22/05/2017
    July 18/05/2017 16/06/2017 20/06/2017
    August 16/06/2017 18/07/2017 20/07/2017
    September 18/07/2017 18/08/2017 22/08/2017
    October 18/08/2017 18/09/2017 20/09/2017
    November 18/09/2017 18/10/2017 20/10/2017
    December 18/10/2017 16/11/2017 20/11/2017
    NGAS January 24/11/2016 26/12/2016 28/12/2016
    February 26/12/2016 25/01/2017 27/01/2017
    March 25/01/2017 22/02/2017 24/02/2017
    April 22/02/2017 27/03/2017 29/03/2017
    May 27/03/2017 24/04/2017 26/04/2017
    June 24/04/2017 24/05/2017 26/05/2017
    July 24/05/2017 26/06/2017 28/06/2017
    August 26/06/2017 25/07/2017 27/07/2017
    September 25/07/2017 28/08/2017 29/08/2017
    October 28/08/2017 25/09/2017 27/09/2017
    November 25/09/2017 25/10/2017 27/10/2017
    December 25/10/2017 24/11/2017 28/11/2017
    COFFEE December 12/09/2016 17/12/2016 19/12/2016
    March 16/12/2016 20/03/2017 21/03/2017
    May 20/03/2017 16/05/2017 18/05/2017
    July 16/05/2017 17/07/2017 19/07/2017
    September 17/07/2017 18/09/2017 19/09/2017
    December 18/09/2017 15/12/2017 18/12/2017
    CORN December 12/9/2016 12/12/2016 14/12/2016
    March 12/12/2016 13/03/2017 14/03/2017
    May 13/03/2017 10/05/2016 12/05/2016
    July 10/05/2017 12/07/2016 14/07/2016
    September 12/07/2017 12/09/2016 14/09/2016
    December 12/09/2017 12/12/2016 14/12/2016
    SOY BEANS January 13/11/2016 11/01/2017 13/01/2017 
    March 11/01/2017  13/03/2017 14/03/2017 
    May 13/03/2017  10/05/2017  12/05/2017 
    July 10/05/2017  12/07/2017 14/07/2017 
    August 12/07/2017  11/08/2017  14/08/2017 
    September 11/08/2017  12/09/2017  14/09/2017 
    November 12/09/2017  13/11/2017  14/11/2017 
    SUGAR March 28/09/2016  24/02/2017  28/02/2017 
    May  24/02/2017  26/04/2017  28/04/2017 
    July 26/04/2017  28/06/2017  30/06/2017 
    October 28/06/2017  27/09/2017  29/09/2017 
    WHEAT March 12/12/2016  13/03/2017  14/03/2017 
    May 13/03/2017  10/05/2017  12/05/201
    July 10/05/2017  12/07/2017  14/07/201
    September 12/07/2017  12/12/2017 14/09/201
    December  12/09/2017  12/12/2017  14/12/2017 
    COPPER  January 26/12/2016 25/01/2017 27/01/2017
    February 25/01/2017 22/02/2017 24/02/2017
    March 22/02/2017 27/03/2017 29/03/2017
    April 27/03/2017 24/04/2017 26/04/2017
    May 24/04/2017 24/05/2017 26/05/2017
    June 24/05/2017 26/06/2017 28/06/2017
    July 26/06/2017 25/07/2017 27/07/2017
    August 25/07/2017 28/08/2017 29/08/2017
    September 28/08/2017 25/09/2017 27/09/2017
    October 25/09/2017 25/10/2017 27/10/2017
    November 25/10/2017 27/11/2017 28/11/2017
    December 27/11/2017 25/12/2017 27/12/2017

     

     

  • Holidays

    Martin Luther King Day Trading Hours January 16th 2017

    Below you can find Martin Luther King Day trading hours.

    Please make sure that you are aware of the changes and closures so that they do not affect your trading.

    Martin Luther King Day

    Instrument

    Monday, January 16

    OIL

    Early close at 19:59

    NGAS

    Early close at 19:59

    GOLD

    Early close at 19:59

    SILVER

    Early close at 19:59

    PLATINUM

    Early close at 19:59

    COPPER

    Early close at 19:59

    US30

    Early close at 19:59

    NAS100

    Early close at 19:59

    US500

    Early close at 19:59

    JPN225

    Early close at 19:59

    US2000

    Early close at 19:59

    USDX

    Early close at 19:59

    CORN

    Closed

    WHEAT

    Closed

    SBEAN

    Closed

    COFFEE

    Closed

    SUGAR

    Closed

    US Stocks

    Closed

     

    The above schedule may be subject to change.

    The times mentioned above are in GMT+2 time.

    FXORO reserves the right to enable “Close Only” or even disable trading on instruments with low liquidity without prior notice, if deemed necessary.

  • Orders and Executions

    MARKET ORDERS

    A Market Order allows the trader enter the market immediately but in the case the market becomes very volatile, there is no guarantee that the order will be executed. FXORO re-quotes orders if they have not been filled, therefore in the case the order has not been filled at the required price, the order will be re-quoted. 

     

    LIMIT ORDERS

    A Limit Order allows the trader to enter the market at some time in the future and is filled at the price requested or might even be better in some occasions than the one requested.

     

    STOP ORDERS

    Stop Orders guarantee execution, but not a particular price. Due to volatility, a stop order might get filled at a different price than the one requested and this is referred to as slippage.

     

    SLIPPAGE

    Slippage is usually seen during periods of extremely high volatility and generally occurs during key news releases or during off market hours and occurs both in the different markets. It may be impossible to execute an order at the requested price. In this event, FXORO has the right to execute the Stop Loss Order at the first available price (“Slippage”) based on the nearest possible price. This does no affect the "Negative Balance Protection" policy therefore ensuring the trader never to owe more than what has been invested.

  • Negative Balance Protection

    This is a legally binding policy which guarantees that our customers’ accounts could not go into minus, so traders will never lose more than they’ve invested, even in cases of extraordinary volatility.

     

    FXORO developed a cutting edge technology allowing their traders to get to an exposure coverage down to 0 and therefore be able to trade till they have enough equity in their account. If for any reason the customer is exposed to more than what he invested, FXORO should bear the loss from the execution done in the market to the Zero Value Margin level.

     

  • Cashback and Trading bonus conditions

    CashBack

    The CashBack program credits your account with cash on a weekly basis according to the volume achieved in that week. The CashBack amount (“Realized CashBack”) is limited to the Total CashBack allocated to the client. Each week, the Realized CashBack which was calculated according to the client’s weekly volume shall be deducted from the Total CashBack amount and credited to the client’s account according to the ratio between the client’s actual weekly volume (in LOTS) and the required volume, as indicated in the “My account” section.

    It is clarified that the client is only entitled to the Realized CashBack and the Total CashBack is realized only after client completes the required volume. The volume is calculated on an ‘in and out’ basis, which means that the opening of 1 LOT and the closing of the same, count as 1 LOT towards the client’s volume requirement. All CashBacks are given in the account's currency.

     

    Trading bonus

    Trading bonus refers to credit in MT4. The trading bonus can only be used as Margin for the exposure of open positions and will not be available for withdrawal at any time whatsoever. Trading bonus which was granted due to a certain deposit shall be cancelled upon the withdrawal of all or some of the deposit which credited the client with the Trading bonus or once the client’s Equity became smaller than the Trading bonus due to the Client’s withdrawals. All Trading bonuses shall be canceled if the account was not active for 6 consecutive months. The Trading bonus is granted per each client.

    Any indication or suspicion, in the Company’s discretion, of any form of illegal, unfair and\or abusive trading methods or conducts (including but not limited to trading activity patterns that indicate an aim to benefit financially from the Trading bonus without taking market risk and\or by opening, operating or managing more than one account per client) as well as any indication or suspicion of  fraud, manipulation or a breach of the Company’s agreements, policies and conditions with respect to the Trading bonus will nullify all bonuses previously credited to the account and to any related account. Under such circumstances, the Company shall have the right, in its sole discretion and without derogating from its rights under its agreements with the client and applicable law, to nullify and cancel all transactions carried and/or profits or losses garnered therein and to block all relevant accounts.

      

  • Inactive accounts

    After three (3) consecutive months of non-use ("Inactivity Period"), an inactivity fee will be deducted from the Client’s trading account. This fee is 15$ or its equivalent according to client relevant currency based account. Fee should be taken from clients without open positions which didn’t trade for 3 months. (3 months from the time they closed their last position).

    The fee will be discontinued the moment the account is no longer deemed inactive, following new trade order for example. The fee will be deducted from inactive accounts in 4 dates during the year: 1/01, 1/04, 1/07 & 1/10. The deductions will be executed until the account balance is zero. Any bonuses will be withdrawal accordingly. There will be no charge if the free balance is zero. Accounts with a zero free balance may also be closed.

  • Withdrawal policy

    FXORO is proud to be one of the only brokers allowing their traders to withdraw their funds instantly from their account by having these removed from their trading equity. In the case that positions are still opened, the funds entitled to be withdrawn can reach up to 75% of the free margin.

     

    The funds are then processed quite rapidly by the back office team and transferred to the trader after verification.

     

    Funds that have been deposited by credit card are first returned entirely to the same credit card while any amount that surpasses the amount invested will be wired by wire transfer.

     

    In the case that the withdrawal is done by a bank wire transfer, the amount withdrawn is subject to a $20 fee.

      

  • Corporate action

     

     

    A corporate action is an event initiated by a public company that affects the securities (equity or debt) issued by the company. Corporate actions include distribution of dividends, consolidation, split, rights offering, and any other event which materially affects or may materially affect the shares’ price (including material company announcements, takeovers, mergers, insolvency etc.).

     


    Upon the occurrence of a Corporate Action in a specific share, FXORO shall liquidate any open position(s) and remove any limit order(s) in the CFD which quotes the specific share. 

      

    Share Market Type Date (GMT+3)
    Enel  Shares - Italy  Cash Dividend 17/06/2016 23:55
    STMicroelectronics  Shares - Italy  Cash Dividend 17/06/2016 23:55
    Telecom Italia  Shares - Italy  Cash Dividend 17/06/2016 23:55
    Terna  Shares - Italy  Cash Dividend 17/06/2016 23:55
    Mapfre Shares - Spain  Cash Dividend 20/06/2016 23:55
    Orange Shares - France Cash Dividend 20/06/2016 23:55
    Volkswagen Shares - Germany Cash Dividend 22/06/2016 23:55
    ACS Shares - Spain Cash Dividend 24/06/2016 23:55
    Gas Natural Fenosa Shares - Spain Cash Dividend 24/06/2016 23:55
    Red Electrica Shares - Spain Cash Dividend 27/06/2016 23:55
    Gamesa Shares - Spain Cash Dividend 28/06/2016 23:55
    Enagas Shares - Spain Cash Dividend 29/06/2016 23:55
    JPMorgan Chase Shares - US Cash Dividend 30/06/2016 23:55
    Cisco Shares - US Cash Dividend 01/07/2016 23:55
    Iberdrola Shares - Spain Cash Dividend 04/07/2016 23:55
    Amadeus Shares - Spain Cash Dividend 22/07/2016 23:55
    Microsoft Shares - US Cash Dividend 15/08/2016 23:55
    STMicroelectronics Shares - Italy Cash Dividend 16/09/2016 23:55
    Total Shares - France Cash Dividend 26/09/2016 23:55