Contract Specification
Margin Call level - 100% A warning on margin level indicator (Equity/Margin*100%) approaching Stop Out value.
Stop Out level for investing mode — 20% Stop Out level for margin trading mode — 60% 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.
For sell positions: Please consider the following calculations: Swap Short value is +2.7% per annum (this is the rate you will be paid on short positions), so if you short AAA (worth R1,000) you will be paid 1,000 x 2.7% / 365 for each day you hold this position.
For buy positions: Please consider the following calculations: Swap Long is -5.97% per annum (this is the rate you will pay on long positions), so if you are in long for AAA (worth R1,000) you will be charged a fee of 1,000 x 5.97% / 365 for each day you hold this position.
The swap is debited / credited 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 CFDs from Friday to Monday, a triple swap is debited / credited (per night from Friday to Saturday, from Saturday to Sunday, from Sunday to Monday).
For US Shares 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 foreign contracts. Note that from Friday to Monday only a single swap is debited.
The swap does not apply to Investment accounts and is credited on/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 It means that there will be no dividends deposited to an account for open long positions and no dividends will be withdrawn from an account for short positions.
BCS Markets SA (Pty) Ltd. is an authorised Financial Service Provider and is regulated by the South African Financial Sector Conduct Authority (FSP No.51404). BCS Markets SA Proprietary Limited trading as BROKSTOCK.
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Risk notice Margin trading in financial instruments carries a high level of risk, and may not be suitable for all users. It is essential to understand that investing in financial instruments requires extensive knowledge and significant experience in the investment field, as well as an understanding of the nature and complexity of financial instruments, and the ability to determine the volume of investment and assess the associated risks. BCS Markets SA (Pty) Ltd pays attention to the fact that quotes, charts and conversion rates, prices, analytic indicators and other data presented on this website may not correspond to quotes on trading platforms and are not necessarily real-time nor accurate. The delay of the data in relation to real-time is equal to 15 minutes but is not limited. This indicates that prices may differ from actual prices in the relevant market, and are not suitable for trading purposes. Before deciding to trade the products offered by BCS Markets SA (Pty) Ltd., a user should carefully consider his objectives, financial position, needs and level of experience. The Content is for informational purposes only and it should not construe any such information or other material as legal, tax, investment, financial, or other advice. BCS Markets SA (Pty) Ltd will not accept any liability for loss or damage as a result of reliance on the information contained within this Site including data, quotes, conversion rates, etc.
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