Types of orders:
BCM Begin Capital Markets CY Ltd. provides its Clients with the following types of orders: Buy, Sell, Buy Limit, Sell Limit, Buy Stop, Sell Stop, Take Profit, Stop Loss, Trailing Stop.
The whole list of available trading instruments alongside the underlying asset and the Exchange, where this asset is being traded can be found here.
You are able to practice with a Demo account for the duration of 30 days. Once the 30 days period ends, you may upgrade your Demo account to Live account.
Trading conditions and specifications:
BCM Begin Capital Markets CY Ltd. provides its Clients with the following:
- Floating (typical)* spread; there may be occasions when market conditions may cause spreads to widen or to shorten, beyond the typical spreads
- Wide variety of instruments to trade (Forex, precious metals and CFDs)
- Trade with standard lot sizes
- Spreads starting from 3 pips on the EUR/USD
- Minimum initial deposit of $ 250 as a wire transfer
- Leverage 1:30**
Swaps will be charged at the end of each business day. Triple swaps will be charged on Wednesday. Swap points for MetaTrader5 can be found here.
*Margin requirement for opening new positions will be calculated based on the new reduced leverage.
** As per CySEC’s Announcement published of 28th March 2018 in relation to the Press Release for the product intervention measures on CFDs, issued by the European Securities and Markets Authority (“ESMA”), the leverage limits on the opening of a position by a retail client should be 30:1.
If you are an experienced client and able to bare and understand the risks involved in the trading on higher margin, you may request a higher level of leverage, should you successfully pass the Appropriateness test.
Swaps: The swaps are going to be charged at the end of each business day. However, on Friday they are tripled. The xStation swap points can be found here. The MetaTrader5 swap points can be found here.
Clients will be warned by the platform at 50% margin level, that they are getting close to automatic liquidation of their position. Clients will only get an automatic margin call notification if they are logged into their trading platform. Therefore, clients are advised to log into their trading platform on a regular basis to ensure they monitor their Equity and any relevant notifications accordingly. Clients are also warned that the moment their margin level falls below 50%, the platform will automatically liquidate their positions.
Negative balance protection:
The Company ensures, that the maximum loss for the Clients on an account basis, never exceeds the Clients’ available funds in the specific account. Thus, Clients` balances are never negative, so you will never lose, more than what you have already invested, even in cases of strong fluctuations. The wise risk management is done by professional staff of experts, to ensure, that you won’t be exposed to unnecessary risks.
MT5 Rollover Table:
BCM Begin Capital Markets CY Ltd. will automatically rollover Client open positions for Commodities, Indices and Bonds to the next liquid contract, before the current contract expires. A table of dates of the rollovers and expirations can be found here. Please note that this information is for indication purposes only and is subject to change due to either low liquidity or unforeseen changes by the exchanges. An explanation about the rollovers can be found here. During rollover the existing Take Profit, Stop Loss, Buy/Sell limit and/or Buy/Sell stop orders will be cancelled 10 minutes before the expiration. You will not be able to open new positions 15 minutes before the expiration. Only close mode will be active.
Shares and Cash Indices (CFDs) reflect corporate events so you will be entitled to a dividend payment, if you have an open long position on the shares in question, and if you open a short position, a value equal to the dividend will be written off. If the dividend settlement relates to the Shares and Cash Indices which you trade and which were opened no later than on the day before the ex-dividend day, the company will apply the dividend settlement. In the case of CFD trades with individual shares, dividend settlement will be used as follows:
- Clients holding long positions of individual shares (CFDs) and cash indices will be credited with dividends based on ex-dividend settlement.
- Clients holding short positions of individual shares (CFDs) and cash indices will be deducted from dividends based on ex-dividend settlement.
Please note that dividends may be subject to tax. The Company may terminate or change the settlement of dividends, in particular on the basis of changes in the law, changes in the regulatory system, tax rates or withholding tax requirements to the relevant tax administrator.
This is a charge of up to EUR 40, which will be charged if the Trading Account is inactive or dormant for 6 months as specified in the Terms and Conditions. The maintenance fee will be charged on a monthly basis at a lower level compared to the balance on the account and EUR 40 (or the equivalent in the chosen currency).
All transactions on Italian CFDs and ITA40s are subject to FTT. The tax is charged as a fixed fee related to the nominal value of the transaction, as shown below:
- Up to the amount of EUR 2 500: 0.25 EUR
- 2 500 – 5 000 EUR: 0.5 EUR
- 5 000 – 10 000 EUR: 1 EUR
- 10 000 – 50 000 EUR: 5 EUR
- 50 000 – 100 000 EUR: 10 EUR
- 100 000 – 500 000 EUR: 50 EUR
- 500 000 – 1 000 000: 100 EUR
- More than 1 000 000 EUR: 200 EUR