IFCMARKETS. CORP.

TERMS OF BUSINESSFOR ROLLING SPOT FOREX OR CFD
TRANSACTIONSIFCMARKETS. CORP. – Terms of Business (last updated 28 September 2023)

Page 1TABLE OF CONTENTS

1. SCOPE ............................................................................................................................................................ 3
2. ROLLING SPOT FOREX OR CFD TRANSACTIONS ......................................................................... 3
3. ACCOUNT TYPES AND TRADING CONDITIONS........................................................................... 4
4. TYPES OF ORDERS AND TERMS OF EXECUTION ........................................................................... 4A. MARKET ORDER ......................................................................................................................................................... 4
B. PENDING ORDER ........................................................................................................................................................ 5
C. LINKED LIMIT AND STOP ORDERS ............................................................................................................................. 5
D. TRAILING STOP ORDER .............................................................................................................................................5
E. ACTIVATION ORDER (NETTRADEX TRADING PLATFORM ONLY) .............................................................................6F. OCO - ONE CANCELS THE OTHER (NETTRADEX TRADING PLATFORM ONLY) .......................................................65. OPENING ROLLING SPOT FOREX OR CFD TRANSACTION ....................................................... 6
6. CLOSING ROLLING SPOT FOREX CONTRACTS OR CFDs ........................................................... 6
7. TRADING TIMES ........................................................................................................................................ 7
8. MARGIN REQUIREMENTS...................................................................................................................... 7

IFCMARKETS. CORP. – Terms of Business (last updated 28 September 2023)

Page 2Any terms not expressly defined herein, shall have the meanings ascribed to them in theCustomer Agreement.

1.

SCOPE

1.1.

These Terms of Business supplement and amend our Customer Agreement, as expressly

provided hereinafter, with regard to “Rolling Spot Forex or CFD Transactions” entered into via
our Trading Platform(s).
1.2.

In the event of any conflict or inconsistency between the provisions of these Terms ofBusiness and the provisions of the Customer Agreement, the provisions of these Terms ofBusiness shall prevail.
1.3.

You acknowledge and agree that, by subscribing to the Customer Agreement in themanner set forth in Sections 7 and 8 of the Customer Agreement, you will also be bound by theprovisions of these Terms of Business.
1.4.

Sections 2 through and including 9 of these Terms of Business, together with the main

body of the Customer Agreement, shall govern the relationship between you and us when you
enter into a “Rolling Spot Forex or CFD Transaction” (defined below), the Order for which isplaced on a quote provided by us through our trading platform(s).
1.5.

Any terms not expressly defined herein, shall have the meanings ascribed to them in theCustomer Agreement.

2.

ROLLING SPOT FOREX OR CFD TRANSACTIONS

2.1.

A “Spot Forex or CFD Transaction”, also known as “Spot FX or CFD”, is an agreement

between two parties to buy one asset (currency, stock, commodity, stock index contract, etc.)
against selling another asset at an agreed price for settlement on the “spot” date. As such, a“Spot Forex or CFD Transaction” is a straightforward (or outright) exchange of one currency for
another. The “spot rate” is the current market price.
2.2.

“Forex or CFD Spot Transactions” do not require immediate settlement, or payment “onthe spot”. By convention, the standard settlement timeframe (value date) for “Forex or CFD SpotTransactions” is T + 2 days, i.e., two Business Days from the trade date.
2.3.

As a service to Customers, all open Forex positions at the end of the day at 00:00 Central

European Time (CET) are automatically rolled over to the next settlement date.
2.4.

Rollover involves exchanging the expiring position for a position expiring on thefollowing settlement date. The positions being exchanged are not valued at the same price. If aCustomer is long on the asset bearing the higher interest rate, the position “being sold” is worth
more than the position being acquired. The reverse is also true; if a Customer is short on theasset bearing the higher interest rate, then the Customer is acquiring a position worth more thanthe one “being sold”. The amount of the difference varies based on the Trading Instrument, theinterest rate (LIBOR/LIBID with or without added mark-up) differential between the two assets
composing the Trading Instrument, and fluctuates day to day.

IFCMARKETS. CORP. – Terms of Business (last updated 28 September 2023)

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2.5.

On Wednesdays at the end of the day at 00:00 CET, the amount added or subtracted to an

Account as a result of rolling over a position is three times the usual amount. This “3 day”
Rollover from Wednesday to Thursday accounts for settlement of trades through the weekend
period.
2.6.

Further information about Rollover Fees (Swap) can be found on our Website at thefollowing URL: http://www.ifcmarkets.com.
2.7.

The “Forex or CFD Spot transactions” offered by IFCMARKETS via our Trading

Platform(s) are “Rolling Spot Forex or CFDs Transactions” in the form of “Contracts forDifference” (or “CFDs”), where the profit on the Transaction is to be secured, or the loss on theTransaction is to be avoided by reference to fluctuations in the foreign exchange rate of theunderlying (base) assets to the quoted assets. A “Contract for Difference” (or “CFD”) is a“contract for difference” by reference to fluctuations in the price of the relevant underlying
Trading Instrument; trading in CFDs is trading on the price difference of an underlying asset(e.g., an equity, currency, stock or stock index contract, etc.) expressed in units of a quote asset(e.g., an equity, currency, stock or stock index contract, etc.), whereby such trading does notoccur on a recognized or regulated “exchange”; trading in CFDs is not subject to delivery of theunderlying asset and/or any other interest; accordingly, the result of trading in CFDs is thedifference between sell and buy CFD transactions only.

3.
3.1.

ACCOUNT TYPES AND TRADING CONDITIONS
The various Account types and trading conditions offered by IFCMARKETS to its

Customers are published on our Website at the following URL: http://www.ifcmarkets.com.
3.2.

IFCMARKETS reserves the right to change any Account types and/or Trading Conditionsat any time without being obliged to provide prior notice.

4.

TYPES OF ORDERS AND TERMS OF EXECUTION

4.1.

IFCMARKET’s Trading Platform allows for the execution of various Order types:

A.

Market Order

4.2.

A Market Order is a Customer’s Instruction to buy or sell a Trading Instrument at thecurrent Market price. The Transaction is performed instantly via the Trading Platform(s) and at
the price shown in the Market Order window or via telephone at the price quoted by
IFCMARKETS. CORP.
4.3.

In the Market Order window Customers can set the maximum allowed price deviationof Order execution from the requested price. In case of a drastic price change and network delay
the position opening is performed in the following ways:
4.4.

If the current Market price is beyond the specified deviation, Customers will be provided

with a new Market price. In this case Customers may accept the new price for the Order to be
executed.
4.5.

If the current Market price has remained within the set deviation, the position will be

opened at this Market price.

IFCMARKETS. CORP. – Terms of Business (last updated 28 September 2023)

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B.

Pending Order

4.6.

A Pending Order is a Customer’s instruction to open a trading position at a price different

from the current Market price.

4.7.

•

Buy Limit – a buy order at a price lower than the current market price.

•Buy Stop – a buy order at a price higher than the current market price.

•Sell Limit – a sell order at a price higher than the current market price.

•Sell Stop – a sell order at a price lower than the current market price.

When the Market price reaches the price set in an order, a deal of buying or selling istriggered.
4.8.

Sell Limit and Buy Limit Orders are executed at the price set by Customers or at a betterprice.
4.9.

Sell Stop, Buy Stop Orders are executed at the price set by Customers, except in the casesof price gaps, when the Order may be executed at the first price available in the Market.

C.

Linked Limit and Stop Orders

4.10.

There are two main types of Orders linked to an open position or a Pending Order, StopLoss and Take Profit:•A Stop Loss Order is designed to limit potential losses and is set at a price worse
than the price of position opening or the price of a Pending Order execution.

•A Take Profit Order is designed to close a position by reaching the targeted profit
level and is set at a price better than the price of position opening or the price ofa Pending Order execution.

4.11.

When the price reaches the level set in a linked Stop Loss or Take Profit Order, theposition is closed automatically.
4.12.

Linked Stop Loss and Take Profit Orders are automatically removed when the position isclosed or the Pending Order is cancelled.
4.13.

A Take Profit order is executed at a price set by the Customer or at a better price.

4.14.

A Stop Loss order is executed at a price set by the Customer, except in the cases of pricegaps, when the Order may be executed at the first price available in the Market.
D.

Trailing Stop OrderIFCMARKETS. CORP. – Terms of Business (last updated 28 September 2023)

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4.15.

Trailing Stop mode maintains the mechanism of automatic shift of a linked Stop Loss

Order price according to the following rule: if the distance between the current Market price andthe Order price becomes higher than the set fixed distance, the Order price is moved to the level
on which the difference between the current Market price and Order price is equal to thisdistance.
4.16.

On the NetTradeX trading platform, the Trailing Stop mode remains active whether theCustomer’s trading platform is offline or online, while in MetaTrader 4 it becomes inactive if theCustomer’s trading platform goes offline.
E.

Activation Order (NetTradeX Trading Platform only)

4.17.

An Activation Order is a Pending Order that becomes active when the price reaches thelevel of activation.
4.18.

The Pending Order execution policy shall apply to activated Orders.

F.

OCO – One Cancels the Other (NetTradeX Trading Platform only)

4.19.

A One Cancels the Other (OCO) Order is a combination of two Pending Orders set toopen a position at prices different from the current Market price. Execution of one of the twoOrders leads to an automatic removal of the remaining one.
4.20.

5.
5.1.

The Pending Order execution policy is applied to OCO orders.

OPENING ROLLING SPOT FOREX OR CFD TRANSACTION
A Rolling Spot Forex or CFD Transaction will only be formed when you provide us withan Instruction to place an Order on a quote provided by us (either through our Trading
Platform(s) or via telephone), and we execute the Instruction in accordance with Section 35 ofthe main body of the Customer Agreement.
5.2.

You may cancel an Order at any time by providing notice to us unless and until the Orderhas been executed in whole or in part, but only if the Order is a Pending Order. If an Order has
been executed in whole or in part it will not be possible for you to cancel the Order to the extent
that the Order has been executed. If an Order is a Market Order, it will not be possible for you
to cancel the Order at any time.

6.
6.1.

CLOSING ROLLING SPOT FOREX CONTRACTS OR CFDs
On any Business Day on which you wish to close any Rolling Spot Forex or CFD

Transaction (whether in whole or in part), you may give an appropriate instruction via theTrading Platform(s) or our phone dealing service.
6.2.

Following receipt of a closing Instruction, we will perform all necessary actions to close

the Transaction at the specified price. In case we are not able to close the Transaction at thespecified price, we will perform it at the best available price or provide you with a re-quote. Anyamounts payable by you to us as a result of the closed Rolling Spot Forex or CFD Transaction
are immediately due and payable on the Transaction closure, and will be deducted from yourAccount Balance. Conversely, any amounts payable by us to you as a result of the closed Rolling

IFCMARKETS. CORP. – Terms of Business (last updated 28 September 2023)

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Spot Forex or CFD Transaction are immediately due and payable on the closing date, and will
be deposited into your Account Balance.

7.

TRADING TIMES

7.1.

Trading times of all Trading Instruments offered by IFCMARKETS. CORP. are publishedon our Website at the following URL: http://www.ifcmarkets.com.
7.2.

IFCMARKETS. CORP. reserves the right to change trading times of any Trading

Instrument without preliminary notice.

8.

MARGIN REQUIREMENTS

8.1.

Customers must always supply enough Margin to maintain any open position. Margin

requirements are published on our Website at the following URL: http://www.ifcmarkets.com.
8.2.

In order to avoid any Customer liabilities towards the Company, IFCMARKETS. CORP.

reserves the right to close one or several Customer’s positions if there are losses over them.
8.3.

Closing may be performed if the Margin level touches or drops below a certain levelpublished on the IFCMARKETS’ website http://www.ifcmarkets.com. IFCMARKETS reserves
the right to change its Margin requirements at any time, without being obliged to provide priornotice.

____________________________________IFCMARKETS. CORP. – Terms of Business (last updated 28 September 2023)

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