Margin Call level - 100% A warning on margin level indicator (Equity/Margin*100%) approaching Stop Out value.
Stop Out level for investing mode — 1% Stop Out level for margin trading mode — 80% An automatic order that forcefully closes open positions when margin level (equity/margin*100%) reaches a specified value. *All instruments are available exclusively as CFDs (Contracts for Difference). With CFDs, you speculate on price movements without taking ownership of the underlying asset.
Please consider the following calculations: Swap is -7.5% per annum (this is the rate you will pay on your open positions), so if you open AAA contract (worth R1,000) you will be charged a fee of R1,000 x 7.5% / 365 for each day you hold this position.
The swap is debited off on a daily basis. It is rolled over to the following day from the end of the trading session until 00:01 the following day.
For JSE Shares CFD, US Shares CFDs, ETF CFDs, Currency CFDs and Metal CFDs a triple swap is debited Wednesday to Thursday overnight. They are debited for the same period from Friday to Saturday, from Saturday to Sunday and from Sunday to Monday but two days prior because of the settlement date (T+2) applicable when operating with contracts. Note that from Friday to Monday only a single swap is debited.
The swap does not apply to Investment accounts and is debited off the account with an enabled Margin trading mode.
For JSE Shares CFDs and US Shares CFDs, a dividend adjustment is applied on positions that remain open at the end of the trading session on the Last Trade Date: for open long positions (buying), dividends are credited on the Pay Date, and for open short positions, dividends are debited on the Last Trade Date, at the end of the trading day.
Dividends are not applicable for ETF CFDs. It means that there will be no dividends deposited to an account for open long positions and no dividends will be withdrawn from an account for short positions.
