Margin FX definition
Margin FX means Margin Foreign Exchange.
Margin FX means a Transaction that is entered into as a spot foreign exchange Transaction that is automatically rolled over at close of business;
Margin FX means an FPM OTC contract whose Underlying Financial Product is a currency or currency pair. Metals Contract means an FPM OTC contract whose Underlying Financial Product is either a metal (including bullion) traded on a market or Exchange or a financial product traded on an Exchange or market by reference to a contract in respect of metal (including bullion). MT Platform means the Meta Trader 4 electronic trading platform (however it is described) made available by FP Markets to enable the Client to trade in FPM OTC contracts. Offer means the price which FP Markets as the seller is willing to accept i.e., the price at which you can buy the FPM OTC contract. Open Position means, at any time, a Transaction which has not been Closed Out, or settled prior to the time agreed for settlement. OTC contract means an over-the-counter contract for a financial product, including options and contracts in respect of foreign exchange or metals. OTC contracts are not traded or settled with any Exchange. Overnight means the end of a trading day at 23:59 London local time.
Examples of Margin FX in a sentence
If a Margin FX position is held overnight, a Swap Charge or Swap Credit will be applied, depending on interest rates.
More Definitions of Margin FX
Margin FX means a leveraged foreign exchange, a type of OTC derivative product.