Glossary of Terms:
Instant Execution: Prices in the order window are tradable without requesting a quote if accurate price conditions are met, and if not for any
reason (such as but not limited to: wrong quote, late price, Software faults, Hardware faults, etc..) then the new price will not be an obligation and
a message will appear if possible to confirm the transaction on the new accurate price.
Market Execution: Prices in the order window are indicative prices, by pressing to Buy or Sell the contract it gives the final confirmation that the
order will be executed on the Market prices at the time of filling the full order value, whether it’s filled at the same requested price, better than
requested price or worst than requested price. Market Execution orders are subject to extreme fills according to market conditions.
Spread: The minimum difference between the Bid and the Ask.
Predefined Automatic Pending Order: (Buy-limit, Buy-Stop, Sell-Limit, Sell-Stop): An automatic order that can be placed on Company’s Trading
Platform to buy/sell a specific contract on a specific price in the future.
Predefined Automatic Closing Order: (Stop-Loss, Take-Profit): An automatic order that can be placed on Company’s Trading Platform to close an
open trade at a specific price in the future.
Stops: The minimum distance from the current market price on which a predefined automatic orders “pending and closing” can be placed.
Margin: The minimum required amount of money to hold 1.0 Lot of a contract.
Margin on Hedge: The new margin per each 1.0 Lot of a contract after taking a hedge position.
Contract for Differences - Over the Counter (CFD-OTC): CFD-OTC Contracts are financial derivatives that allow traders to take advantage of prices
movement of the underlying financial instruments without a delivery.
Noor Capital Markets [CONTRACT SPECIFICATIONS]
FX Spot Contracts
Margin Margin on Hedge
Symbol Description / Contract Size Execution Spread Stops Tick Size Order Validity
(Per 1.0 lot) (Per Each 1.0 Lot)
Euro vs. US Dollar 1 Pip 5 Pips
EURUSD INSTANT 0.00001 Good till cancelled 1’000 $ Zero
(1 Lot=100'000 EUR) (0.00010) (0.00050)
British Pound vs. US Dollar 1 Pip 5 Pips
GBPUSD (1 Lot=100'000 GBP)
INSTANT
(0.00010) (0.00050)
0.00001 Good till cancelled 1’000 $ Zero
*** Please note that Contract Specifications are subjected to change without prior notice.
Noor Capital Markets [CONTRACT SPECIFICATIONS]
Time Sessions
Spot FX Day Trading Session (GMT+3)
EURUSD, GBPUSD, AUDUSD, NZDUSD Sunday Closed All Day
USDCHF, USDCAD, USDJPY Monday 01:00 - 24:00
EURGBP, EURCHF, EURJPY, EURAUD, EURCAD
Tuesday 00:00 - 24:00
GBPCHF, GBPJPY, GBPCAD, GBPAUD
CHFJPY, NZDJPY,CADJPY Wednesday 00:00 - 24:00
CADCHF,AUDCAD,NZDCAD,NZDCHF Thursday 00:00 - 24:00
AUDNZD,EURNZD,GBPNZD,AUDJPY Friday 00:00 - 24:00
AUDCHF Saturday Closed All Day
*** Please note that the mentioned time sessions follows the standard time for United States and Europe, these time sessions are
subjected to change without prior notice.
Noor Capital Markets [CONTRACT SPECIFICATIONS]
o Liquidation Policy
If the Equity to Margin ratio in the Account becomes (10% or less) as contained in clause (41) of Customer Agreement, in this case the Company
shall have the right to liquidate all open positions in the customer account for which the margin was used for, this liquidation of positions will be
on the market prices that makes Margin to equity 10% or less, Regardless the time of liquidation procedure.
Customers are required to monitor their Margin level in order not to be "stopped out" when the Margin falls below the stop out level. Subject to
market volatility, the Company does not guarantee the close-out can be done in a timely manner, and the customer may go into negative equity
if the underlying position has gapped against the customer’s position due to large movements in price. In the case of a negative equity position,
the customer owes the Company the balance.
The company shall have the right to change the Equity to margin liquidation level from 10% or less to any other level which will be notified to
customer from time to time in trading policies.
o Fast market policy
The standard industry practice for dealers and brokers in such events is to set market levels and execute orders manually without the use of
automated systems, which may cause a delay in trade execution and slippage on filling orders and may be significant for both, while rates are
cross-referenced to ensure a valid execution. Prior to major economic news releases, The Company reserves the right to apply one/both of the
following actions:
1. Widen the predefined automatic order Stop levels based on the prevailing market liquidity and volatility.
2. Restrict the placing or modifying predefined automatic orders.
o Slippage policy
The Company reserves the right to fill market orders and predefined automatic orders (pending & Closing) on slippage according to market
situations on the economic news, gaps or at any other market situation.
Maximum number of orders should not exceed 100 orders (open orders or pending orders) for any kind of product. A special approval is needed
from management if the customer wishes to increase the number of orders and it should not reach 200.
*** Please note that all policies are subjected to change without prior notice.